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Solar Tracker Market 2021-2027

  • ID: 5406605
  • Report
  • June 2021
  • Region: Global
  • Orion Market Research Private Limited

FEATURED COMPANIES

  • Abengoa S.A.
  • ArcelorMittal Group
  • GameChange Solar
  • Nextracker Inc.
  • Sun Action Trackers LLC
  • Trina Solar Ltd.

Global Solar Tracker Market Size, Share & Trends Analysis Report By Type (Single Axis Tracker, and Dual Axis Tracker) By Technology (Photovoltaic System (PV), Concentrated Solar Power (CSP), and Concentrator Photovoltaics (CPV)) By End-User (Commercial, Residential, Industrial, and Others) Forecast, 2021-2027.


The global market for the solar tracker is projected to have a considerable CAGR of around 11.6% during the forecast period. The adoption of renewable sources for power generation due to the stringent regulation imposed by the government to reduce carbon emission in major economies is the key factor driving the growth of the market. Due to this, the installation of solar PV panels with solar trackers is increasing, which in turn, accelerating the market growth. The use of solar PV panels in various end-users such as residential, commercial, and industrial sectors for cost-effective power generation is gaining popularity, which is further expected to create the demand for solar trackers. Besides, government initiatives in form of funding and rebates for the installation of solar PV panels with solar trackers, and advancement in solar tracker technologies are further expected to create lucrative opportunities in the global solar tracker market during the forecast period.


Moreover, the complex design of the solar tracker, the high cost of installation, and the lack of skilled people are some of the factors that may hamper the market growth. Abengoa S.A., Arctech Solar Holding Co., Ltd, Array Technologies, Inc., Nextracker Inc, Scorpius Trackers Pvt. Ltd., are the major players contributing to the growth of the market by adopting various strategies.


The global solar tracker market suffered a downfall during the COVID-19 crisis as most of the economic activities were halted during Q1 and Q2 2020. The disruption in the supply chain of raw material and delay in new projects of solar panel installation leading to a decline in demand for new solar trackers. China is the major economy with the highest solar PV installation, and the largest supplier of raw material for the solar tracker, due to the lockdown imposed by the government many manufacturers of solar trackers have experienced a delay in getting raw material from China. This led to a decline in market growth.


The global solar tracker market is segmented based on type, technology, and end-user. Based on type, the market is bifurcated into a single-axis tracker and a dual-axis tracker. Among these, the single-axis tracker is projected to exhibit the major CAGR during the forecast period. Based on technology, the market is categorized as the photovoltaic system (PV), concentrated solar power (CSP), and concentrator photovoltaics (CPV).  The photovoltaic system (PV) is the fastest growing owing to the increasing solar PV installation using the solar tracker for residential purposes globally. Whereas, based on end-user, the market is further categorized into commercial, residential, industrial, and others.


Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is projected to dominate the market during the forecast period. The US in North America accounted for the major market share due to the maximum number of solar PV panel insulation with the solar tracker to increase the electricity generation. Rising environmental concern, On the other hand, the market in Asia-Pacific is expected to be the fastest-growing during the forecast period. Favourable government policies, increasing R&D programs, and the increasing number of solar PV solar with solar tracker installation are the factors propelling the market growth in the region.


Research Methodology

The market study of the global solar tracker market is incorporated by extensive primary and secondary research.  Secondary research has been conducted to refine the available data to break down the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.


Secondary Sources Include

  • Financial reports of companies involved in the market.
  • Whitepapers, research papers, and news blogs.
  • Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.


Market Segmentation


  1. Global Solar tracker Market Research and Analysis by Type
  2. Global Solar tracker Market Research and Analysis by Technology
  3. Global Solar tracker Market Research and Analysis by End-User

The Report Covers

  • Comprehensive Research Methodology of the global solar tracker market.
  • This report also includes a detailed and extensive market overview with key analyst insights.
  • An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
  • Analysis of regional regulations and other government policies impacting the global solar tracker market.
  • Insights about market determinants that are stimulating the global solar tracker market.
  • Detailed and extensive market segments with the regional distribution of forecasted revenues.
  • Extensive profiles and recent developments of market players.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Abengoa S.A.
  • ArcelorMittal Group
  • GameChange Solar
  • Nextracker Inc.
  • Sun Action Trackers LLC
  • Trina Solar Ltd.
1. Report Summary
  • Current Industry Analysis and Growth Potential Outlook
  • Impact of COVID-19 on the Global Solar Tracker Industry
  • Recovery Scenario of Global Solar Tracker Industry
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography

2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion

3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.2. Key Strategy Analysis
3.3. Impact of Covid on key players

4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities

5. Market Segmentation
5.1. Global Solar Tracker Market, ByType
5.1.1. Single Axis Tracker
5.1.2. Dual Axis Tracker
5.2. Global Solar Tracker Market, ByTechnology
5.2.1. Photovoltaic System (PV)
5.2.1.1. Monocrystalline Silicon PV Panels
5.2.1.2. Polycrystalline Silicon PV Panels
5.2.1.3. Thin-Film Silicon PV Panels
5.2.2. Concentrated Solar Power (CSP)
5.2.3. Concentrator Photovoltaics (CPV)
5.3. Global Solar Tracker Market, ByEnd-User
5.3.1. Commercial
5.3.2. Residential
5.3.3. Industrial
5.3.4. Others

6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Russia
6.2.7. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korean
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
6.4.1. Latin America
6.4.2. Middle East & Africa

7. Company Profiles
7.1. Abengoa S.A.
7.2. Allearth Renewables
7.3. ArcelorMittal Group
7.4. Arctech Solar Holding Co., Ltd
7.5. Array Technologies, Inc.
7.6. BIG SUN Energy Technology Inc
7.7. GameChange Solar
7.8. Ganges Internationale Pvt. Ltd
7.9. Mahindra SustenPvt. Ltd.
7.10. Nextracker Inc.
7.11. Scorpius Trackers Pvt. Ltd.
7.12. SOLTEC ENERGÍAS RENOVABLES, S.L.
7.13. SoltiguaSRL
7.14. Sun Action Trackers LLC
7.15. SunPower Corp.
7.16. Trina Solar Ltd.
7.17. Vikram Solar Ltd.
7.18. Xiamen Grace Solar Technology Co., Ltd.


List of Tables
1. Global Solar Tracker Market Research and Analysis by Type, 2020-2027 ($ Million)
2. Global Single Axis Tracker Market Research and Analysis by Region, 2020-2027 ($ Million)
3. Global Dual Axis Tracker Market Research and Analysis by Region, 2020-2027 ($ Million)
4. Global Solar Tracker Market Research and Analysis by Technology, 2020-2027 ($ Million)
5. Global Photovoltaic System (Pv) in Solar Tracker Market Research and Analysis by Region, 2020-2027 ($ Million)
6. Global Photovoltaic System (Pv) in Solar Tracker Market Research and Analysis by Type, 2020-2027 ($ Million)
7. Global Concentrated Solar Power (Csp) in Solar Tracker Market Research and Analysis by Region, 2020-2027 ($ Million)
8. Global Concentrator Photovoltaics (Cpv) in Solar Tracker Market Research and Analysis by Region, 2020-2027 ($ Million)
9. Global Solar Tracker Market Research and Analysis by End-User, 2020-2027 ($ Million)
10. Global Solar Tracker in Commercial Market Research and Analysis by Region, 2020-2027 ($ Million)
11. Global Solar Tracker in Residential Market Research and Analysis by Region, 2020-2027 ($ Million)
12. Global Solar Tracker in Industrial Market Research and Analysis by Region, 2020-2027 ($ Million)
13. Global Solar Tracker in Others End-Users Market Research and Analysis by Region, 2020-2027 ($ Million)
14. North American Solar Tracker Market Research and Analysis by Country, 2020-2027 ($ Million)
15. North American Solar Tracker Market Research and Analysis by Type, 2020-2027 ($ Million)
16. North American Solar Tracker Market Research and Analysis by Technology, 2020-2027 ($ Million)
17. North American Solar Tracker Market Research and Analysis by End-user, 2020-2027 ($ Million)
18. European Solar Tracker Market Research and Analysis by Country, 2020-2027 ($ Million)
19. European Solar Tracker Market Research and Analysis by Type, 2020-2027 ($ Million)
20. European Solar Tracker Market Research and Analysis by Technology, 2020-2027 ($ Million)
21. European Solar Tracker Market Research and Analysis by End-user, 2020-2027 ($ Million)
22. Asia-Pacific Solar Tracker Market Research and Analysis by Country, 2020-2027 ($ Million)
23. Asia-Pacific Solar Tracker Market Research and Analysis by Type, 2020-2027 ($ Million)
24. Asia-Pacific Solar Tracker Market Research and Analysis by Technology, 2020-2027 ($ Million)
25. Asia-Pacific Solar Tracker Market Research and Analysis by End-user, 2020-2027 ($ Million)
26. Rest of the World Solar Tracker Market Research and Analysis by Country, 2020-2027 ($ Million)
27. Rest of the World Solar Tracker Market Research and Analysis by Type, 2020-2027 ($ Million)
28. Rest of the World Solar Tracker Market Research and Analysis by Technology, 2020-2027 ($ Million)
29. Rest of the World Solar Tracker Market Research and Analysis by End-user, 2020-2027 ($ Million)


List of Figures
1. Impact of COVID-19 on Global Solar Tracker Market, 2020-2027 (% Million)
2. Impact of COVID-19 on Global Solar Tracker Market by Segment, 2020-2027 (% Million)
3. Recovery of Global Solar Tracker Market, 2020-2027 (%)
4. Global Solar Tracker Market Share by Type, 2020 Vs 2027 (%)
5. Global Solar Tracker Market Share by Technology,2020 Vs 2027 (%)
6. Global Solar Tracker Market Share by End-Users, 2020 Vs 2027 (%)
7. Global Solar Tracker Market Share by Geography, 2020 Vs 2027 (%)
8. Global Single Axis Tracker Market Share by Region, 2020-2027 ($ Million)
9. Global Dual Axis Tracker Market Share by Region, 2020-2027 ($ Million)
10. Global Photovoltaic System (Pv) in Solar Tracker Market Share by Region, 2020-2027 ($ Million)
11. Global Photovoltaic System (Pv) in Solar Tracker Market Share by Type, 2020-2027 ($ Million)
12. Global Concentrated Solar Power (Csp) in Solar Tracker Market Share by Region, 2020-2027 ($ Million)
13. Global Concentrator Photovoltaics (Cpv) in Solar Tracker Market Share by Region, 2020-2027 ($ Million)
14. Global Solar Tracker in Commercial Market Share by Region, 2020-2027 ($ Million)
15. Global Solar Tracker in Residential Market Share by Region, 2020-2027 ($ Million)
16. Global Solar Tracker in Industrial Market Share by Region, 2020-2027 ($ Million)
17. Global Solar Tracker in Others End-Users Market Share by Region, 2020-2027 ($ Million)
18. Us Solar Tracker Market Size, 2020-2027 ($ Million)
19. Canada Solar Tracker Market Size, 2020-2027 ($ Million)
20. UK Solar Tracker Market Size, 2020-2027 ($ Million)
21. France Solar Tracker Market Size, 2020-2027 ($ Million)
22. Germany Solar Tracker Market Size, 2020-2027 ($ Million)
23. Italy Solar Tracker Market Size, 2020-2027 ($ Million)
24. Spain Solar Tracker Market Size, 2020-2027 ($ Million)
25. Rest of Europe Solar Tracker Market Size, 2020-2027 ($ Million)
26. India Solar Tracker Market Size, 2020-2027 ($ Million)
27. China Solar Tracker Market Size, 2020-2027 ($ Million)
28. Japan Solar Tracker Market Size, 2020-2027 ($ Million)
29. South Korea Solar Tracker Market Size, 2020-2027 ($ Million)
30. Rest of Asia-Pacific Solar Tracker Market Size, 2020-2027 ($ Million)
31. Rest of the World Solar Tracker Market Size, 2021-2027($ Million
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Abengoa S.A.
  • Allearth Renewables
  • ArcelorMittal Group
  • Arctech Solar Holding Co., Ltd
  • Array Technologies, Inc.
  • BIG SUN Energy Technology Inc
  • GameChange Solar
  • Ganges Internationale Pvt. Ltd
  • Mahindra SustenPvt. Ltd.
  • Nextracker Inc.
  • Scorpius Trackers Pvt. Ltd.
  • SOLTEC ENERGÍAS RENOVABLES, S.L.
  • SoltiguaSRL
  • Sun Action Trackers LLC
  • SunPower Corp.
  • Trina Solar Ltd.
  • Vikram Solar Ltd.
  • Xiamen Grace Solar Technology Co., Ltd.
Note: Product cover images may vary from those shown