Global Solar Trackers Market to Reach $5.6 Billion by 2030
The global market for Solar Trackers estimated at US$3.2 Billion in the year 2022, is projected to reach a revised size of US$5.6 Billion by 2030, growing at a CAGR of 7.5% over the analysis period 2022-2030. Single-Axis, one of the segments analyzed in the report, is projected to record 7.7% CAGR and reach US$4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Dual-Axis segment is readjusted to a revised 7.1% CAGR for the next 8-year period.The U.S. Market is Estimated at $859.6 Million, While China is Forecast to Grow at 12% CAGR
The Solar Trackers market in the U.S. is estimated at US$859.6 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2030 trailing a CAGR of 12% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 5.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.3% CAGR.Select Competitors (Total 34 Featured) -
- AllEarth Renewables, Inc.
- Arctech Solar
- Array Technologies, Inc.
- Convert Italia
- First Solar Inc.
- GameChange Solar
- Mecasolar España SL
- NClave
- NEXTracker Inc.
- PVHardware
- Solar Steel
- Soltec
- STI Norland
- Sun Action Tracker
- SunPower Corporation
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AllEarth Renewables, Inc.
- Arctech Solar
- Array Technologies, Inc.
- Convert Italia
- First Solar Inc.
- GameChange Solar
- Mecasolar España SL
- NClave
- NEXTracker Inc.
- PVHardware
- Solar Steel
- Soltec
- STI Norland
- Sun Action Tracker
- SunPower Corporation
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 89 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 3.2 Billion |
Forecasted Market Value ( USD | $ 5.6 Billion |
Compound Annual Growth Rate | 7.2% |
Regions Covered | Global |