Amid the COVID-19 crisis, the global market for Dual Axis Solar Trackers estimated at US$3.9 Billion in the year 2020, is projected to reach a revised size of US$10 Billion by 2027, growing at a CAGR of 14.4% over the analysis period 2020-2027.Residential, one of the segments analyzed in the report, is projected to grow at a 13.8% CAGR to reach US$2.9 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 Commercial segment is readjusted to a revised 15.3% CAGR for the next 7-year period. This segment currently accounts for a 49.9% share of the global Dual Axis Solar Trackers market.
The U. S. Accounts for Over 29.5% of Global Market Size in 2020, While China is Forecast to Grow at a 13.9% CAGR for the Period of 2020-2027
The Dual Axis Solar Trackers market in the U. S. is estimated at US$1.1 Billion in the year 2020. The country currently accounts for a 29.55% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.7 Billion in the year 2027 trailing a CAGR of 13.9% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.6% and 12.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.6% CAGR while Rest of European market (as defined in the study) will reach US$1.7 Billion by the year 2027.
Utility Segment Corners a 19.8% Share in 2020
In the global Utility segment, USA, Canada, Japan, China and Europe will drive the 12.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$616.2 Million in the year 2020 will reach a projected size of US$1.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.2 Billion by the year 2027.The publisher brings years of research experience to this 5th edition of our report. The 115-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others
- AllEarth Renewables
- Array Technologies, Inc.
- DEGERenergie GmbH & Co. KG
- Energia Ercam S. A.
- First Solar, Inc.
- Mecasolar (Mecanizados Solares S. L.)
- Mechatron Solar
- Powerway Renewable Energy Co., Ltd.
- SmartTrak Solar Systems Pvt., Ltd.
- Soitec Group
- SunPower Corporation
- Titan Tracker SL
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Global Competitor Market Shares
Dual Axis Solar Tracker Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: Dual Axis Solar Trackers Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Dual Axis Solar Trackers Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
TABLE 3: Residential (Application) Global Opportunity Assessment in US$ Million by Region/Country: 2020-2027
TABLE 4: Residential (Application) Percentage Share Breakdown of Global Sales by Region/Country: 2020 VS 2027
TABLE 5: Commercial (Application) Worldwide Sales in US$ Million by Region/Country: 2020-2027
TABLE 6: Commercial (Application) Market Share Shift across Key Geographies: 2020 VS 2027
TABLE 7: Utility (Application) Global Market Estimates & Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 8: Utility (Application) Market Share Breakdown by Region/Country: 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Dual Axis Solar Tracker Market Share (in %) by Company: 2019 & 2025
Market Analytics
TABLE 9: United States Dual Axis Solar Trackers Latent Demand Forecasts in US$ Million by Application: 2020 to 2027
TABLE 10: Dual Axis Solar Trackers Market Share Breakdown in the United States by Application: 2020 VS 2027
CANADA
TABLE 11: Canadian Dual Axis Solar Trackers Market Quantitative Demand Analysis in US$ Million by Application: 2020 to 2027
TABLE 12: Canadian Dual Axis Solar Trackers Market Share Analysis by Application: 2020 VS 2027
JAPAN
TABLE 13: Japanese Demand Estimates and Forecasts for Dual Axis Solar Trackers in US$ Million by Application: 2020 to 2027
TABLE 14: Dual Axis Solar Trackers Market Share Shift in Japan by Application: 2020 VS 2027
CHINA
TABLE 15: Chinese Demand for Dual Axis Solar Trackers in US$ Million by Application: 2020 to 2027
TABLE 16: Chinese Dual Axis Solar Trackers Market Share Breakdown by Application: 2020 VS 2027
EUROPE
Market Facts & Figures
European Dual Axis Solar Tracker Market: Competitor Market Share Scenario (in %) for 2019 & 2025
Market Analytics
TABLE 17: European Dual Axis Solar Trackers Market Demand Scenario in US$ Million by Region/Country: 2018-2025
TABLE 18: European Dual Axis Solar Trackers Market Share Shift by Region/Country: 2020 VS 2027
TABLE 19: European Dual Axis Solar Trackers Addressable Market Opportunity in US$ Million by Application: 2020-2027
TABLE 20: European Dual Axis Solar Trackers Market Share Analysis by Application: 2020 VS 2027
FRANCE
TABLE 21: Dual Axis Solar Trackers Quantitative Demand Analysis in France in US$ Million by Application: 2020-2027
TABLE 22: French Dual Axis Solar Trackers Market Share Analysis: A 7-Year Perspective by Application for 2020 and 2027
GERMANY
TABLE 23: Dual Axis Solar Trackers Market in Germany: Annual Sales Estimates and Forecasts in US$ Million by Application for the Period 2020-2027
TABLE 24: Dual Axis Solar Trackers Market Share Distribution in Germany by Application: 2020 VS 2027
ITALY
TABLE 25: Italian Demand for Dual Axis Solar Trackers in US$ Million by Application: 2020 to 2027
TABLE 26: Italian Dual Axis Solar Trackers Market Share Breakdown by Application: 2020 VS 2027
UNITED KINGDOM
TABLE 27: United Kingdom Demand Estimates and Forecasts for Dual Axis Solar Trackers in US$ Million by Application: 2020 to 2027
TABLE 28: Dual Axis Solar Trackers Market Share Shift in the United Kingdom by Application: 2020 VS 2027
REST OF EUROPE
TABLE 29: Rest of Europe Dual Axis Solar Trackers Addressable Market Opportunity in US$ Million by Application: 2020-2027
TABLE 30: Rest of Europe Dual Axis Solar Trackers Market Share Analysis by Application: 2020 VS 2027
ASIA-PACIFIC
TABLE 31: Dual Axis Solar Trackers Quantitative Demand Analysis in Asia-Pacific in US$ Million by Application: 2020-2027
TABLE 32: Asia-Pacific Dual Axis Solar Trackers Market Share Analysis: A 7-Year Perspective by Application for 2020 and 2027
REST OF WORLD
TABLE 33: Rest of World Dual Axis Solar Trackers Market Quantitative Demand Analysis in US$ Million by Application: 2020 to 2027
TABLE 34: Rest of World Dual Axis Solar Trackers Market Share Analysis by Application: 2020 VS 2027
IV. COMPETITION
Total Companies Profiled: 47
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