Dual Axis Solar Trackers - Global Market Trajectory & Analytics

Global Dual Axis Solar Trackers Market to Reach US$ 10.7 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Dual Axis Solar Trackers estimated at US$ 4.2 Billion in the year 2020, is projected to reach a revised size of US$ 10.7 Billion by 2027, growing at a CAGR of 14.3% over the period 2020-2027.Utility, one of the segments analyzed in the report, is projected to grow at a 14.6% CAGR to reach US$ 8.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Utility segment is readjusted to a revised 13.2% CAGR for the next 7-year period. This segment currently accounts for a 18.8% share of the global Dual Axis Solar Trackers market.



The U.S. Accounts for Over 21.2% of Global Market Size in 2020, While China is Forecast to Grow at a 18.1% CAGR for the Period of 2020-2027

The Dual Axis Solar Trackers market in the U.S. is estimated at US$ 885 Million in the year 2020. The country currently accounts for a 21.17% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$ 2.2 Billion in the year 2027 trailing a CAGR of 18.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.4% and 13% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.7% CAGR while Rest of European market (as defined in the study) will reach US$ 2.2 Billion by the year 2027.The publisher brings years of research experience to this 5th edition of the report. The 176-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Select Competitors (Total 78 Featured):

• AllEarth Renewables
• Array Technologies, Inc.
• DEGERenergie GmbH & Co. KG
• Energia Ercam S.A.
• First Solar, Inc.
• Mecasolar (Mecanizados Solares S.L.)
• Mechatron Solar
• Powerway Renewable Energy Co., Ltd.
• SmartTrak Solar Systems Pvt., Ltd.
• Soitec Group
• SunPower Corporation
• Titan Tracker SL

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.