3. MARKET TRENDS & DRIVERS
- Increasing Solar Power Capacity Augurs Well for Market Expansion
- Top 10 Countries Worldwide by Annual PV Installed Capacity (2019)
- Top 10 Countries Worldwide by Cumulative PV Installed Capacity in GW (2019)
- Global Cumulative PV Installation by Region/Country for 2019
- Solar PV Capacity Additions (in GW) by Sector for China, Europe, USA and India: 2019
- Rising Global Electricity Demand Creates Conducive Environment for Solar Power Industry
- Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
- Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040
- Global Energy Consumption (in Billion toe) by Country/Region (1995, 2017 and 2040)
- Estimated Global Power Generation Infrastructure Requirement (in US$ Billion) for China, India, Latin America, and North America over the Period 2010-2030
- Emphasis on Renewable Energy Sources Bodes Well for the Market
- Domestic Targets for Greenhouse Gas Emissions of Select Regions/Countries
- Global CO2 Emissions: Percentage Breakdown of Volume Emissions by Fuel Type (2015, 2020, 2040 & 2050)
- Global Investments (US$ Billion) in Renewable Energy by Source: 2018
- Leading Countries with Renewable Energy as % of Total Energy
- Targets for Electricity Production from Renewable Energy Sources in Select Countries
- Government Boost to Solar Energy Adoption to Spur Market Momentum
- Demographic Trends & Urbanization Drive Favor Growth
- World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
- Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
- Non-Utility Segment Offers Robust Opportunities
- Growing Opportunities in Utility Vertical
- Uptrend in Commercial Solar Power Sector Enhances Demand
- Technology Advancements & Innovations
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: World Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 2: World 7-Year Perspective for Dual Axis Solar Trackers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2021 & 2027
TABLE 3: World Recent Past, Current & Future Analysis for Utility by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 4: World 7-Year Perspective for Utility by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
TABLE 5: World Recent Past, Current & Future Analysis for Non-Utility by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 6: World 7-Year Perspective for Non-Utility by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
UNITED STATES
- Dual Axis Solar Trackers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
- The United States: A Key Market for Solar Modules and Trackers
- Cumulative Installed Solar PV Capacity (in MWdc) in the US for Years 2014, 2017 and 2020
- US Annual Solar PV Installations (in MWdc) for Years 2010, 2015 and 2020
- Electricity Generating Capacity in the US: Percentage Breakdown of Annual Additions by Type for 2010, 2015 & 2020
- COVID-19 Crisis Puts Tremendous Pressure on the US Solar Industry
- Residential Segment Characterized by Continued Diversification
- Residential Solar PV Installations (in MWdc) for Years 2015, 2020 and 2025
- Utility Investments on Solar PV to Drive Dual Axis Solar Trackers Market
- Utility Solar PV Installations (in MWdc) for Years 2015, 2020 and 2025
- Corporate Procurement and Community Solar Model Amplify Non-Utility and Non-Residential Dual Axis Solar Trackers Market
- Non-Residential Solar PV Installations (in MWdc) for Years 2015, 2020 and 2025
- Corporate Solar Capacity in the US: Installed Capacity (in MW) for Select Companies in H1 2020
- Falling Prices Accelerate Market Expansion of Solar Trackers
- Solar PV Prices (in $/Watt) in the US for Years 2010 through 2020
- Prices of Residential Solar PV System by Segment (in $/Watt) for 2014, 2017 and 2020
TABLE 7: USA Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 8: USA 7-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2021 & 2027
CANADA
TABLE 9: Canada Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 10: Canada 7-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2021 & 2027
JAPAN
- Dual Axis Solar Trackers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
- Market Overview
- Average Generation Costs of Residential Solar PVs and Average Residential Electricity Rates in Japan (JPY/kWh) (As of Aug 2020)
TABLE 11: Japan Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 12: Japan 7-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2021 & 2027
CHINA
- Dual Axis Solar Trackers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
- China: Most Vibrant Market for Solar Modules and Trackers
- China’s Solar Power Installed Capacity in GW for the Years 2019 and 2025
TABLE 13: China Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 14: China 7-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2021 & 2027
EUROPE
- Dual Axis Solar Trackers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
- Market Overview
- Cumulative Installed Solar PV Capacity (in GW) in EU for Years 2010, 2015, 2020, 2025 and 2030
- Cumulative Grid-Connected PV Capacity (in GWp) in EU for Years 2010, 2015, and 2020
- Favorable Policy Framework to Stimulate Adoption of PV Systems, Driving Demand for Solar Trackers
TABLE 15: Europe Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 16: Europe 7-Year Perspective for Dual Axis Solar Trackers by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2021 & 2027
TABLE 17: Europe Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 18: Europe 7-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2021 & 2027
FRANCE
- Dual Axis Solar Trackers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
TABLE 19: France Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 20: France 7-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2021 & 2027
GERMANY
- Dual Axis Solar Trackers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
- Germany: A Prelude to the Solar Market
TABLE 21: Germany Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 22: Germany 7-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2021 & 2027
ITALY
TABLE 23: Italy Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 24: Italy 7-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2021 & 2027
UNITED KINGDOM
- Dual Axis Solar Trackers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
TABLE 25: UK Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 26: UK 7-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2021 & 2027
REST OF EUROPE
TABLE 27: Rest of Europe Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 28: Rest of Europe 7-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2021 & 2027
ASIA-PACIFIC
- Dual Axis Solar Trackers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
- Asia-Pacific Leads Solar PV Installations, Driving Dual Axis Solar Trackers Market
- Focus on Renewable Energy Mix and Favorable Government Policies Bodes Well for Market Growth
- COVID-19 Impact on Indian Solar Industry
- Lockdowns Help Produce More Solar Power
TABLE 29: Asia-Pacific Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 30: Asia-Pacific 7-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2021 & 2027
REST OF WORLD
TABLE 31: Rest of World Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 32: Rest of World 7-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2021 & 2027