Overall world revenue for Solar Tracker Market, 2023 to 2033 in terms of value the market will surpass US$6.80 billion in 2022, this study calculates. Strong revenue growth is predicted through to 2033. This study identifies which organisations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.Scale of Solar Installations to Open New Opportunities
This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.
Technological Innovations in Solar Tracker Industry
Traditional solar trackers were usually single-axis, either horizontal or vertical. However, dual-axis trackers that could move both horizontally and vertically and multi-row trackers that could accommodate multiple rows of solar panels were becoming more prevalent. These systems allowed for increased solar energy capture throughout the day, maximizing the energy output.Sophisticated tracking algorithms were being implemented in solar trackers to optimize their performance. These algorithms considered various factors such as solar position, weather conditions, shading, and historical data to determine the ideal position for the solar panels and adjust their orientation accordingly.
Internet of Things (IoT) technology enabled solar tracker systems to be connected to the cloud, allowing for remote monitoring and control. This feature facilitated real-time data analysis, performance tracking, and troubleshooting, leading to improved maintenance and operational efficiency. Bifacial solar panels, capable of capturing sunlight from both sides, were gaining popularity. Solar trackers were designed to optimize the positioning of these bifacial panels to enhance their energy yield.
Some solar tracker designs started implementing distributed actuation systems, where each solar panel had its actuator. This approach reduced mechanical complexity, improved reliability, and allowed independent control over each panel's movement. Advancements in materials science led to the development of lighter, more durable, and weather-resistant materials for solar trackers. These materials enhanced the trackers' lifespan while reducing maintenance requirements.
Additional Energy Consumption Due To Solar Tracker
Solar trackers are mechanisms that allow solar panels to follow the sun's movement throughout the day, optimizing their angle of incidence to maximize energy capture. While solar trackers can increase the overall energy output of a solar system, they also consume additional energy themselves to operate. This additional energy consumption is mainly due to the power needed to control and reposition the solar panels. Different types of solar trackers have varying energy requirements. Single-axis trackers, which move the panels on one axis (usually East-West), generally consume less energy compared to dual-axis trackers, which move the panels on two axes (East-West and North-South). Dual-axis trackers provide better solar panel alignment but require more energy to operate.Key Questions Answered
- How is the solar trackers market evolving?
- What is driving and restraining the solar trackers market?
- How will each solar trackers submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2033?
- How will the market shares for each solar trackers submarket develops from 2023 to 2033?
- What will be the main driver for the overall market from 2023 to 2033?
- Will leading solar trackers markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
- How will the market shares of the national markets change by 2033 and which geographical region will lead the market in 2033?
- Who are the leading players and what are their prospects over the forecast period?
- What are the solar trackers projects for these leading companies?
- How will the industry evolve during the period between 2023 and 2033? What are the implications of solar trackers projects taking place now and over the next 10 years?
- Is there a greater need for product commercialisation to further scale the solar trackers market?
- Where is the solar trackers market heading and how can you ensure you are at the forefront of the market?
You need to discover how this will impact the solar trackers market today, and over the next 10 years:
- This 220-page report provides 86 tables and 110 charts/graphs exclusively to you.
- The report highlights key lucrative areas in the industry so you can target them - NOW.
- It contains in-depth analysis of global, regional and national sales and growth.
- It highlights for you the key successful trends, changes and revenue projections made by your competitors.
Forecasts to 2033 and other analyses reveal commercial prospects:
- In addition to revenue forecasting to 2033, this study provides you with recent results, growth rates, and market shares.
- You will find original analyses, with business outlooks and developments.
- Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints, and challenges), porters five forces analysis, PEST analysis, and recent developments.
Segments Covered in the Report
Type Outlook
- Single Axis
- Dual Axis
Application Outlook
- Utility
- Residential
- Commercial
North America
- U.S.
- Canada
Europe
- Germany
- France
- Italy
- Russia
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Colombia
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- Iran
- Israel
- Qatar
- Algeria
- Rest of MEA
Leading companies and the potential for market growth:
- Allearth Renewables
- Arctech Solar Holding Co. Ltd.
- Array Technologies, Inc.
- FTC Solar
- Gamechange Solar
- Gonvarri Solar Steel
- Ideematec
- Nextracker Inc.
- PV Hardware
- Soltec Power Holdings S.A.
- Trina Solar
- Valmont Industries, Inc.
How will the Solar Tracker Market, 2023 to 2033 Market report help you?
In summary, this 220-page report provides you with the following knowledge:- Revenue forecasts to 2033 for Solar Tracker Market, 2023 to 2033 Market, with forecasts for type, application, and each forecast at a global, and regional level - discover the industry’s prospects, finding the most lucrative places for investments and revenues.
- Revenue forecasts to 2033 for five regional and 19 key national markets - See forecasts for the Solar Tracker Market, 2023 to 2033 market in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Also, market size estimation and forecast is provided for US, Canada, Mexico, Brazil, Germany, Colombia, Italy, France, China, India, Japan, and Russia among other prominent economies.
- Prospects for established firms and those seeking to enter the market - including company profiles for 12 of the major companies involved in the Solar Tracker Market.
Information found nowhere else
With this report, you are less likely to fall behind in knowledge or miss out on opportunities. See how this work could benefit your research, analyses, and decisions. This study is for everybody needing commercial analyses for the Solar Tracker Market, 2023 to 2033, market-leading companies. You will find data, trends and predictions.Table of Contents
1 Report Overview
3 Market Overview
4 Solar Tracker Market Analysis by Product
5 Solar Tracker Market Analysis by Application
6 Solar Tracker Market Analysis by Region
7 North America Solar Tracker Market Analysis
8 Europe Solar Tracker Market Analysis
9 Asia Pacific Solar Tracker Market Analysis
10 Middle East & Africa Solar Tracker Market Analysis
11 Latin America Solar Tracker Market Analysis
12 Company Profiles
13 Conclusion and Recommendations
List of Tables
List of Figures
Companies Mentioned
- Allearth Renewables
- Arctech Solar Holding Co. Ltd.
- Array Technologies, Inc.
- FTC Solar
- Gamechange Solar
- Gonvarri Solar Steel
- Ideematec
- Nextracker Inc.
- PV Hardware
- Soltec Power Holdings SA
- Trina Solar
- Valmont Industries, Inc.
- AES Corporation
- Al-Raebi
- Ameresco
- Aquila Clean Energy EMEA
- Atlas Renewable Energy
- Aurora
- Canadian Solar
- ConcealFab
- EDF Renewables North America
- Enel Green Power España
- Ericsson
- Flux Solar
- Geom
- HR Products
- IbVogt
- iEnergia
- IM2
- Incus Capital
- Kiewit Power Constructors Co.
- Larsen & Toubro (L&T)
- Leeward Renewable Energy
- Lock Joint Tube
- Metalogalva
- MSS Steel Tubes USA
- Mytilineos
- NEOM Green Hydrogen Company (NGHC)
- NTPC Renewable Energy Limited
- Primergy Solar
- PVH Australia
- Rystad Energy
- SABIC Hadeed
- SEPCO III (PowerChina)
- Soufer
- State Power Investment Corporation
- Sterling and Wilson
- STI Norland
- Strata Clean Energy
- TotalEnergies
- Tritec Intervento
- ACWA Power
- American Council on Renewable Energy (ACORE)
- American Solar Energy Society (ASES)
- China Machinery Engineering Corporation (CMEC)
- European Union
- International Energy Agency (IEA)
- Intersolar Europe 2023
- International Renewable Energy Agency
- Japan Council for Renewable Energy(JCRE)
- Mexican Government
- Solar Energy Industries Association (SEIA)
- The Spanish Department of Environmental Transition
- U.S. Energy Information Administration (EIA)
