1. What is the projected Compound Annual Growth Rate (CAGR) of the Solar Tracker Market?
The projected CAGR is approximately 14.3%.
Solar Tracker MarketSolar Tracker Market 2025-2033 Overview: Trends, Competitor Dynamics, and Opportunities
Solar Tracker Market by Type (Photovoltaic (PV), by Movement (Single Axis, Dual Axis), by Application (Utility, Non-Utility), by North America (U.S., Canada), by Europe (U.K., Germany, France, Italy, Spain, Rest of Europe), by Asia Pacific (China, India, Japan, Australia, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Rest of Latin America), by Middle East & Africa By Type, By Movement, By Application, By Country) (GCC, South Africa, Rest of the Middle East & Africa) Forecast 2025-2033
Base Year: 2024
180 Pages
Solar Tracker Market 2025-2033 Overview: Trends, Competitor Dynamics, and Opportunities
Solar Tracker Market 2025-2033 Overview: Trends, Competitor Dynamics, and Opportunities
Key Insights
The Solar Tracker Market size was valued at USD 7.88 USD Billion in 2023 and is projected to reach USD 20.08 USD Billion by 2032, exhibiting a CAGR of 14.3 % during the forecast period. Solar tracker is a device with the capacity to turn the solar panels towards the sun so that the amount of electrical power will be increased. The panel's operation is entirely automatized. The motors move the panel's position throughout the day in a way that it faces the sun exactly when it has to. Solar trackers (also called solar tracking devices) are a key part of all solar power systems, whether they are residential/commercial installations or a utility-scale project. These can be in various types including the single or dual-axis tracking which usually have various levels of precision and efficiency. From repetitive activities that were previously conducted manually to the control of the complex systems, AI, in fact, has transformed our human life. The solar tracker is made up of sensors, motors, and control systems that are its main parts. Current tendencies to buy upgraded solar tracking systems with better precision and reliability make up the area for new technologies which is propitious for a market of solar energy in our country.
Solar Tracker Trends
- Increasing adoption of single-axis trackers
- Growing popularity of dual-axis trackers
- Rise of bifacial solar panels
- Integration of advanced sensors and analytics
Driving Forces: What's Propelling the Solar Tracker Market
- Government incentives and subsidies fostering market growth
- Rising global demand for clean and renewable energy sources
- Continuous decline in the cost of solar panels, making solar tracking systems more economically viable
- Technological advancements enhancing the efficiency and reliability of solar trackers
- Increased awareness and concern regarding environmental sustainability and climate change
Challenges and Restraints in Solar Tracker Market
- High initial investment cost, especially for large-scale installations
- Land availability issues in densely populated areas, affecting deployment
- Complexity of installation and maintenance, requiring skilled technicians
- Exposure to weather conditions and environmental factors, including extreme temperatures and dust
Emerging Trends in Solar Tracker
- Integration of artificial intelligence (AI) and machine learning (ML)
- Development of self-powered trackers
- Use of drones for inspection and maintenance
- Integration with energy storage systems
Growth Catalysts in Solar Tracker Industry
- Government initiatives to promote renewable energy
- Falling prices of solar panels and trackers
- Increasing demand for distributed generation
- Technological innovations and product enhancements
Market Segmentation: Solar Tracker Analysis
Type:
Movement:
- Single Axis
- Dual Axis
Application:
- Utility
- Non-Utility
Leading Players in the Solar Tracker Market
- NEXTracker (U.S.)
- Array Technologies (U.S.)
- Trina Solar (China)
- SunPower Corporation (U.S.)
- ArcelorMittal Projects (Luxembourg)
- Soltec (Spain)
- PV Hardware (Spain)
- Arctech Solar (U.S.)
- Solar Steel (Spain)
- Ideematec (Germany)
- SunPower (U.S.)
- Scorpius Trackers (India)
- Sun Action Trackers (U.S.)
Significant developments in Solar Tracker Sector
- April 2023 - Nextracker Inc. plans to double India's solar tracker manufacturing capacity to 10 gigawatts in the next few years.
- February 2023 - PVHardware announced it will build Spain's world’s largest solar tracker factory.
Comprehensive Coverage Solar Tracker Market Report
- Market Size: Historical, current, and projected market size in terms of value
- Segmentation: Analysis of the market based on type, movement, application, and region
- Growth Drivers: Key factors driving the market's growth
- Challenges: Factors restraining the market's growth
- Competitive Landscape: Profiles of leading players and their market shares
- Industry Analysis: Porter's Five Forces Analysis, SWOT Analysis, PESTLE Analysis
- Regional Breakdown: Market size and growth potential in major regions
- Key Trends: Emerging trends and technologies in the solar tracker market
- Company Profiles: Detailed analysis of key players, including financials, product portfolio, and market strategies
Regional Insight
- North America: Leading the market with significant installations and supportive policies
- Europe: Growing adoption in countries with high solar irradiance and environmental initiatives
- Asia-Pacific: Emerging market with high potential due to increasing renewable energy targets
- Latin America: Gaining traction in countries with abundant solar resources and government incentives
- Middle East & Africa: Regions with high solar potential, but facing challenges in land availability and infrastructure
Technology Analysis
- Tracking mechanisms
- Motor systems
- Control algorithms
- Sensors and data analytics
PESTLE Analysis
- Political factors
- Economic factors
- Social factors
- Technological factors
- Legal factors
- Environmental factors
Portor's Five Force Analysis
- Threat of new entrants
- Bargaining power of suppliers
- Bargaining power of buyers
- Threat of substitutes
- Rivalry among existing competitors
BCG Matrix
- Growth-share matrix of leading players in the solar tracker market
Import & Export Analysis
- Trade data and trends of solar trackers
- Key exporting and importing countries
Production & Consumption
- Production volume and consumption patterns of solar trackers
- Capacity utilization and production capacity of key manufacturers
Regulatory Landscape
- Government policies and regulations related to solar trackers
- Environmental standards and certifications
Solar Tracker Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 14.3% from 2019-2033 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Green Energy Targets to Fuel Investments in Solar Industry
- 3.3. Market Restrains
- 3.3.1. High Investment and Lack of Required Infrastructure Could Impact Market Growth Slightly
- 3.4. Market Trends
- 3.4.1. Integrating Software Technologies to Hold Immense Growth Opportunity
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global Solar Tracker Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Type
- 5.1.1. Photovoltaic (PV
- 5.2. Market Analysis, Insights and Forecast - by Movement
- 5.2.1. Single Axis
- 5.2.2. Dual Axis
- 5.3. Market Analysis, Insights and Forecast - by Application
- 5.3.1. Utility
- 5.3.2. Non-Utility
- 5.4. Market Analysis, Insights and Forecast - by Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America
- 5.4.5. Middle East & Africa By Type, By Movement, By Application, By Country)
- 5.1. Market Analysis, Insights and Forecast - by Type
- 6. North America Solar Tracker Market Analysis, Insights and Forecast, 2019-2031
- 6.1. Market Analysis, Insights and Forecast - by Type
- 6.1.1. Photovoltaic (PV
- 6.2. Market Analysis, Insights and Forecast - by Movement
- 6.2.1. Single Axis
- 6.2.2. Dual Axis
- 6.3. Market Analysis, Insights and Forecast - by Application
- 6.3.1. Utility
- 6.3.2. Non-Utility
- 6.1. Market Analysis, Insights and Forecast - by Type
- 7. Europe Solar Tracker Market Analysis, Insights and Forecast, 2019-2031
- 7.1. Market Analysis, Insights and Forecast - by Type
- 7.1.1. Photovoltaic (PV
- 7.2. Market Analysis, Insights and Forecast - by Movement
- 7.2.1. Single Axis
- 7.2.2. Dual Axis
- 7.3. Market Analysis, Insights and Forecast - by Application
- 7.3.1. Utility
- 7.3.2. Non-Utility
- 7.1. Market Analysis, Insights and Forecast - by Type
- 8. Asia Pacific Solar Tracker Market Analysis, Insights and Forecast, 2019-2031
- 8.1. Market Analysis, Insights and Forecast - by Type
- 8.1.1. Photovoltaic (PV
- 8.2. Market Analysis, Insights and Forecast - by Movement
- 8.2.1. Single Axis
- 8.2.2. Dual Axis
- 8.3. Market Analysis, Insights and Forecast - by Application
- 8.3.1. Utility
- 8.3.2. Non-Utility
- 8.1. Market Analysis, Insights and Forecast - by Type
- 9. Latin America Solar Tracker Market Analysis, Insights and Forecast, 2019-2031
- 9.1. Market Analysis, Insights and Forecast - by Type
- 9.1.1. Photovoltaic (PV
- 9.2. Market Analysis, Insights and Forecast - by Movement
- 9.2.1. Single Axis
- 9.2.2. Dual Axis
- 9.3. Market Analysis, Insights and Forecast - by Application
- 9.3.1. Utility
- 9.3.2. Non-Utility
- 9.1. Market Analysis, Insights and Forecast - by Type
- 10. Middle East & Africa By Type, By Movement, By Application, By Country) Solar Tracker Market Analysis, Insights and Forecast, 2019-2031
- 10.1. Market Analysis, Insights and Forecast - by Type
- 10.1.1. Photovoltaic (PV
- 10.2. Market Analysis, Insights and Forecast - by Movement
- 10.2.1. Single Axis
- 10.2.2. Dual Axis
- 10.3. Market Analysis, Insights and Forecast - by Application
- 10.3.1. Utility
- 10.3.2. Non-Utility
- 10.1. Market Analysis, Insights and Forecast - by Type
- 11. North America Solar Tracker Market Analysis, Insights and Forecast, 2019-2031
- 11.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 11.1.1 United States
- 11.1.2 Canada
- 11.1.3 Mexico
- 11.1.4 Rest of North America
- 12. Middle East & Africa Solar Tracker Market Analysis, Insights and Forecast, 2019-2031
- 12.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 12.1.1 UAE
- 12.1.2 South Africa
- 12.1.3 Saudi Arabia
- 12.1.4 Rest of MEA
- 13. Asia Pacific Solar Tracker Market Analysis, Insights and Forecast, 2019-2031
- 13.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 13.1.1 China
- 13.1.2 Japan
- 13.1.3 India
- 13.1.4 South Korea
- 13.1.5 Taiwan
- 13.1.6 Australia
- 13.1.7 Rest of Asia-Pacific
- 14. Europe Solar Tracker Market Analysis, Insights and Forecast, 2019-2031
- 14.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 14.1.1 Germany
- 14.1.2 France
- 14.1.3 Italy
- 14.1.4 United Kingdom
- 14.1.5 Netherlands
- 14.1.6 Rest of Europe
- 15. South America Solar Tracker Market Analysis, Insights and Forecast, 2019-2031
- 15.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 15.1.1 Brazil
- 15.1.2 Argentina
- 15.1.3 Rest of South America
- 16. Competitive Analysis
- 16.1. Global Market Share Analysis 2024
- 16.2. Company Profiles
- 16.2.1 NEXTracker (U.S.)
- 16.2.1.1. Overview
- 16.2.1.2. Products
- 16.2.1.3. SWOT Analysis
- 16.2.1.4. Recent Developments
- 16.2.1.5. Financials (Based on Availability)
- 16.2.2 Array Technologies (U.S.)
- 16.2.2.1. Overview
- 16.2.2.2. Products
- 16.2.2.3. SWOT Analysis
- 16.2.2.4. Recent Developments
- 16.2.2.5. Financials (Based on Availability)
- 16.2.3 Trina Solar (China)
- 16.2.3.1. Overview
- 16.2.3.2. Products
- 16.2.3.3. SWOT Analysis
- 16.2.3.4. Recent Developments
- 16.2.3.5. Financials (Based on Availability)
- 16.2.4 SunPower Corporation (U.S.)
- 16.2.4.1. Overview
- 16.2.4.2. Products
- 16.2.4.3. SWOT Analysis
- 16.2.4.4. Recent Developments
- 16.2.4.5. Financials (Based on Availability)
- 16.2.5 ArcelorMittal Projects (Luxembourg)
- 16.2.5.1. Overview
- 16.2.5.2. Products
- 16.2.5.3. SWOT Analysis
- 16.2.5.4. Recent Developments
- 16.2.5.5. Financials (Based on Availability)
- 16.2.6 Soltec (Spain)
- 16.2.6.1. Overview
- 16.2.6.2. Products
- 16.2.6.3. SWOT Analysis
- 16.2.6.4. Recent Developments
- 16.2.6.5. Financials (Based on Availability)
- 16.2.7 Convert Italia (Italy)
- 16.2.7.1. Overview
- 16.2.7.2. Products
- 16.2.7.3. SWOT Analysis
- 16.2.7.4. Recent Developments
- 16.2.7.5. Financials (Based on Availability)
- 16.2.8 PV Hardware (Spain)
- 16.2.8.1. Overview
- 16.2.8.2. Products
- 16.2.8.3. SWOT Analysis
- 16.2.8.4. Recent Developments
- 16.2.8.5. Financials (Based on Availability)
- 16.2.9 Arctech Solar (U.S.)
- 16.2.9.1. Overview
- 16.2.9.2. Products
- 16.2.9.3. SWOT Analysis
- 16.2.9.4. Recent Developments
- 16.2.9.5. Financials (Based on Availability)
- 16.2.10 Solar Steel (Spain)
- 16.2.10.1. Overview
- 16.2.10.2. Products
- 16.2.10.3. SWOT Analysis
- 16.2.10.4. Recent Developments
- 16.2.10.5. Financials (Based on Availability)
- 16.2.11 Ideematec (Germany)
- 16.2.11.1. Overview
- 16.2.11.2. Products
- 16.2.11.3. SWOT Analysis
- 16.2.11.4. Recent Developments
- 16.2.11.5. Financials (Based on Availability)
- 16.2.12 SunPower (U.S.)
- 16.2.12.1. Overview
- 16.2.12.2. Products
- 16.2.12.3. SWOT Analysis
- 16.2.12.4. Recent Developments
- 16.2.12.5. Financials (Based on Availability)
- 16.2.13 Scorpius Trackers (India)
- 16.2.13.1. Overview
- 16.2.13.2. Products
- 16.2.13.3. SWOT Analysis
- 16.2.13.4. Recent Developments
- 16.2.13.5. Financials (Based on Availability)
- 16.2.14 Sun Action Trackers (U.S.)
- 16.2.14.1. Overview
- 16.2.14.2. Products
- 16.2.14.3. SWOT Analysis
- 16.2.14.4. Recent Developments
- 16.2.14.5. Financials (Based on Availability)
- 16.2.1 NEXTracker (U.S.)
List of Figures
- Figure 1: Global Solar Tracker Market Revenue Breakdown (USD Billion, %) by Region 2024 & 2032
- Figure 2: Global Solar Tracker Market Volume Breakdown (Thousand Units, %) by Region 2024 & 2032
- Figure 3: North America Solar Tracker Market Revenue (USD Billion), by Country 2024 & 2032
- Figure 4: North America Solar Tracker Market Volume (Thousand Units), by Country 2024 & 2032
- Figure 5: North America Solar Tracker Market Revenue Share (%), by Country 2024 & 2032
- Figure 6: North America Solar Tracker Market Volume Share (%), by Country 2024 & 2032
- Figure 7: Middle East & Africa Solar Tracker Market Revenue (USD Billion), by Country 2024 & 2032
- Figure 8: Middle East & Africa Solar Tracker Market Volume (Thousand Units), by Country 2024 & 2032
- Figure 9: Middle East & Africa Solar Tracker Market Revenue Share (%), by Country 2024 & 2032
- Figure 10: Middle East & Africa Solar Tracker Market Volume Share (%), by Country 2024 & 2032
- Figure 11: Asia Pacific Solar Tracker Market Revenue (USD Billion), by Country 2024 & 2032
- Figure 12: Asia Pacific Solar Tracker Market Volume (Thousand Units), by Country 2024 & 2032
- Figure 13: Asia Pacific Solar Tracker Market Revenue Share (%), by Country 2024 & 2032
- Figure 14: Asia Pacific Solar Tracker Market Volume Share (%), by Country 2024 & 2032
- Figure 15: Europe Solar Tracker Market Revenue (USD Billion), by Country 2024 & 2032
- Figure 16: Europe Solar Tracker Market Volume (Thousand Units), by Country 2024 & 2032
- Figure 17: Europe Solar Tracker Market Revenue Share (%), by Country 2024 & 2032
- Figure 18: Europe Solar Tracker Market Volume Share (%), by Country 2024 & 2032
- Figure 19: South America Solar Tracker Market Revenue (USD Billion), by Country 2024 & 2032
- Figure 20: South America Solar Tracker Market Volume (Thousand Units), by Country 2024 & 2032
- Figure 21: South America Solar Tracker Market Revenue Share (%), by Country 2024 & 2032
- Figure 22: South America Solar Tracker Market Volume Share (%), by Country 2024 & 2032
- Figure 23: North America Solar Tracker Market Revenue (USD Billion), by Type 2024 & 2032
- Figure 24: North America Solar Tracker Market Volume (Thousand Units), by Type 2024 & 2032
- Figure 25: North America Solar Tracker Market Revenue Share (%), by Type 2024 & 2032
- Figure 26: North America Solar Tracker Market Volume Share (%), by Type 2024 & 2032
- Figure 27: North America Solar Tracker Market Revenue (USD Billion), by Movement 2024 & 2032
- Figure 28: North America Solar Tracker Market Volume (Thousand Units), by Movement 2024 & 2032
- Figure 29: North America Solar Tracker Market Revenue Share (%), by Movement 2024 & 2032
- Figure 30: North America Solar Tracker Market Volume Share (%), by Movement 2024 & 2032
- Figure 31: North America Solar Tracker Market Revenue (USD Billion), by Application 2024 & 2032
- Figure 32: North America Solar Tracker Market Volume (Thousand Units), by Application 2024 & 2032
- Figure 33: North America Solar Tracker Market Revenue Share (%), by Application 2024 & 2032
- Figure 34: North America Solar Tracker Market Volume Share (%), by Application 2024 & 2032
- Figure 35: North America Solar Tracker Market Revenue (USD Billion), by Country 2024 & 2032
- Figure 36: North America Solar Tracker Market Volume (Thousand Units), by Country 2024 & 2032
- Figure 37: North America Solar Tracker Market Revenue Share (%), by Country 2024 & 2032
- Figure 38: North America Solar Tracker Market Volume Share (%), by Country 2024 & 2032
- Figure 39: Europe Solar Tracker Market Revenue (USD Billion), by Type 2024 & 2032
- Figure 40: Europe Solar Tracker Market Volume (Thousand Units), by Type 2024 & 2032
- Figure 41: Europe Solar Tracker Market Revenue Share (%), by Type 2024 & 2032
- Figure 42: Europe Solar Tracker Market Volume Share (%), by Type 2024 & 2032
- Figure 43: Europe Solar Tracker Market Revenue (USD Billion), by Movement 2024 & 2032
- Figure 44: Europe Solar Tracker Market Volume (Thousand Units), by Movement 2024 & 2032
- Figure 45: Europe Solar Tracker Market Revenue Share (%), by Movement 2024 & 2032
- Figure 46: Europe Solar Tracker Market Volume Share (%), by Movement 2024 & 2032
- Figure 47: Europe Solar Tracker Market Revenue (USD Billion), by Application 2024 & 2032
- Figure 48: Europe Solar Tracker Market Volume (Thousand Units), by Application 2024 & 2032
- Figure 49: Europe Solar Tracker Market Revenue Share (%), by Application 2024 & 2032
- Figure 50: Europe Solar Tracker Market Volume Share (%), by Application 2024 & 2032
- Figure 51: Europe Solar Tracker Market Revenue (USD Billion), by Country 2024 & 2032
- Figure 52: Europe Solar Tracker Market Volume (Thousand Units), by Country 2024 & 2032
- Figure 53: Europe Solar Tracker Market Revenue Share (%), by Country 2024 & 2032
- Figure 54: Europe Solar Tracker Market Volume Share (%), by Country 2024 & 2032
- Figure 55: Asia Pacific Solar Tracker Market Revenue (USD Billion), by Type 2024 & 2032
- Figure 56: Asia Pacific Solar Tracker Market Volume (Thousand Units), by Type 2024 & 2032
- Figure 57: Asia Pacific Solar Tracker Market Revenue Share (%), by Type 2024 & 2032
- Figure 58: Asia Pacific Solar Tracker Market Volume Share (%), by Type 2024 & 2032
- Figure 59: Asia Pacific Solar Tracker Market Revenue (USD Billion), by Movement 2024 & 2032
- Figure 60: Asia Pacific Solar Tracker Market Volume (Thousand Units), by Movement 2024 & 2032
- Figure 61: Asia Pacific Solar Tracker Market Revenue Share (%), by Movement 2024 & 2032
- Figure 62: Asia Pacific Solar Tracker Market Volume Share (%), by Movement 2024 & 2032
- Figure 63: Asia Pacific Solar Tracker Market Revenue (USD Billion), by Application 2024 & 2032
- Figure 64: Asia Pacific Solar Tracker Market Volume (Thousand Units), by Application 2024 & 2032
- Figure 65: Asia Pacific Solar Tracker Market Revenue Share (%), by Application 2024 & 2032
- Figure 66: Asia Pacific Solar Tracker Market Volume Share (%), by Application 2024 & 2032
- Figure 67: Asia Pacific Solar Tracker Market Revenue (USD Billion), by Country 2024 & 2032
- Figure 68: Asia Pacific Solar Tracker Market Volume (Thousand Units), by Country 2024 & 2032
- Figure 69: Asia Pacific Solar Tracker Market Revenue Share (%), by Country 2024 & 2032
- Figure 70: Asia Pacific Solar Tracker Market Volume Share (%), by Country 2024 & 2032
- Figure 71: Latin America Solar Tracker Market Revenue (USD Billion), by Type 2024 & 2032
- Figure 72: Latin America Solar Tracker Market Volume (Thousand Units), by Type 2024 & 2032
- Figure 73: Latin America Solar Tracker Market Revenue Share (%), by Type 2024 & 2032
- Figure 74: Latin America Solar Tracker Market Volume Share (%), by Type 2024 & 2032
- Figure 75: Latin America Solar Tracker Market Revenue (USD Billion), by Movement 2024 & 2032
- Figure 76: Latin America Solar Tracker Market Volume (Thousand Units), by Movement 2024 & 2032
- Figure 77: Latin America Solar Tracker Market Revenue Share (%), by Movement 2024 & 2032
- Figure 78: Latin America Solar Tracker Market Volume Share (%), by Movement 2024 & 2032
- Figure 79: Latin America Solar Tracker Market Revenue (USD Billion), by Application 2024 & 2032
- Figure 80: Latin America Solar Tracker Market Volume (Thousand Units), by Application 2024 & 2032
- Figure 81: Latin America Solar Tracker Market Revenue Share (%), by Application 2024 & 2032
- Figure 82: Latin America Solar Tracker Market Volume Share (%), by Application 2024 & 2032
- Figure 83: Latin America Solar Tracker Market Revenue (USD Billion), by Country 2024 & 2032
- Figure 84: Latin America Solar Tracker Market Volume (Thousand Units), by Country 2024 & 2032
- Figure 85: Latin America Solar Tracker Market Revenue Share (%), by Country 2024 & 2032
- Figure 86: Latin America Solar Tracker Market Volume Share (%), by Country 2024 & 2032
- Figure 87: Middle East & Africa By Type, By Movement, By Application, By Country) Solar Tracker Market Revenue (USD Billion), by Type 2024 & 2032
- Figure 88: Middle East & Africa By Type, By Movement, By Application, By Country) Solar Tracker Market Volume (Thousand Units), by Type 2024 & 2032
- Figure 89: Middle East & Africa By Type, By Movement, By Application, By Country) Solar Tracker Market Revenue Share (%), by Type 2024 & 2032
- Figure 90: Middle East & Africa By Type, By Movement, By Application, By Country) Solar Tracker Market Volume Share (%), by Type 2024 & 2032
- Figure 91: Middle East & Africa By Type, By Movement, By Application, By Country) Solar Tracker Market Revenue (USD Billion), by Movement 2024 & 2032
- Figure 92: Middle East & Africa By Type, By Movement, By Application, By Country) Solar Tracker Market Volume (Thousand Units), by Movement 2024 & 2032
- Figure 93: Middle East & Africa By Type, By Movement, By Application, By Country) Solar Tracker Market Revenue Share (%), by Movement 2024 & 2032
- Figure 94: Middle East & Africa By Type, By Movement, By Application, By Country) Solar Tracker Market Volume Share (%), by Movement 2024 & 2032
- Figure 95: Middle East & Africa By Type, By Movement, By Application, By Country) Solar Tracker Market Revenue (USD Billion), by Application 2024 & 2032
- Figure 96: Middle East & Africa By Type, By Movement, By Application, By Country) Solar Tracker Market Volume (Thousand Units), by Application 2024 & 2032
- Figure 97: Middle East & Africa By Type, By Movement, By Application, By Country) Solar Tracker Market Revenue Share (%), by Application 2024 & 2032
- Figure 98: Middle East & Africa By Type, By Movement, By Application, By Country) Solar Tracker Market Volume Share (%), by Application 2024 & 2032
- Figure 99: Middle East & Africa By Type, By Movement, By Application, By Country) Solar Tracker Market Revenue (USD Billion), by Country 2024 & 2032
- Figure 100: Middle East & Africa By Type, By Movement, By Application, By Country) Solar Tracker Market Volume (Thousand Units), by Country 2024 & 2032
- Figure 101: Middle East & Africa By Type, By Movement, By Application, By Country) Solar Tracker Market Revenue Share (%), by Country 2024 & 2032
- Figure 102: Middle East & Africa By Type, By Movement, By Application, By Country) Solar Tracker Market Volume Share (%), by Country 2024 & 2032
List of Tables
- Table 1: Global Solar Tracker Market Revenue USD Billion Forecast, by Region 2019 & 2032
- Table 2: Global Solar Tracker Market Volume Thousand Units Forecast, by Region 2019 & 2032
- Table 3: Global Solar Tracker Market Revenue USD Billion Forecast, by Type 2019 & 2032
- Table 4: Global Solar Tracker Market Volume Thousand Units Forecast, by Type 2019 & 2032
- Table 5: Global Solar Tracker Market Revenue USD Billion Forecast, by Movement 2019 & 2032
- Table 6: Global Solar Tracker Market Volume Thousand Units Forecast, by Movement 2019 & 2032
- Table 7: Global Solar Tracker Market Revenue USD Billion Forecast, by Application 2019 & 2032
- Table 8: Global Solar Tracker Market Volume Thousand Units Forecast, by Application 2019 & 2032
- Table 9: Global Solar Tracker Market Revenue USD Billion Forecast, by Region 2019 & 2032
- Table 10: Global Solar Tracker Market Volume Thousand Units Forecast, by Region 2019 & 2032
- Table 11: Global Solar Tracker Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 12: Global Solar Tracker Market Volume Thousand Units Forecast, by Country 2019 & 2032
- Table 13: United States Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 14: United States Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 15: Canada Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 16: Canada Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 17: Mexico Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 18: Mexico Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 19: Rest of North America Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 20: Rest of North America Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 21: Global Solar Tracker Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 22: Global Solar Tracker Market Volume Thousand Units Forecast, by Country 2019 & 2032
- Table 23: UAE Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 24: UAE Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 25: South Africa Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 26: South Africa Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 27: Saudi Arabia Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 28: Saudi Arabia Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 29: Rest of MEA Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 30: Rest of MEA Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 31: Global Solar Tracker Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 32: Global Solar Tracker Market Volume Thousand Units Forecast, by Country 2019 & 2032
- Table 33: China Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 34: China Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 35: Japan Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 36: Japan Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 37: India Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 38: India Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 39: South Korea Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 40: South Korea Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 41: Taiwan Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 42: Taiwan Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 43: Australia Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 44: Australia Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 45: Rest of Asia-Pacific Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 46: Rest of Asia-Pacific Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 47: Global Solar Tracker Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 48: Global Solar Tracker Market Volume Thousand Units Forecast, by Country 2019 & 2032
- Table 49: Germany Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 50: Germany Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 51: France Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 52: France Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 53: Italy Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 54: Italy Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 55: United Kingdom Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 56: United Kingdom Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 57: Netherlands Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 58: Netherlands Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 59: Rest of Europe Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 60: Rest of Europe Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 61: Global Solar Tracker Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 62: Global Solar Tracker Market Volume Thousand Units Forecast, by Country 2019 & 2032
- Table 63: Brazil Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 64: Brazil Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 65: Argentina Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 66: Argentina Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 67: Rest of South America Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 68: Rest of South America Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 69: Global Solar Tracker Market Revenue USD Billion Forecast, by Type 2019 & 2032
- Table 70: Global Solar Tracker Market Volume Thousand Units Forecast, by Type 2019 & 2032
- Table 71: Global Solar Tracker Market Revenue USD Billion Forecast, by Movement 2019 & 2032
- Table 72: Global Solar Tracker Market Volume Thousand Units Forecast, by Movement 2019 & 2032
- Table 73: Global Solar Tracker Market Revenue USD Billion Forecast, by Application 2019 & 2032
- Table 74: Global Solar Tracker Market Volume Thousand Units Forecast, by Application 2019 & 2032
- Table 75: Global Solar Tracker Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 76: Global Solar Tracker Market Volume Thousand Units Forecast, by Country 2019 & 2032
- Table 77: U.S. Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 78: U.S. Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 79: Canada Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 80: Canada Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 81: Global Solar Tracker Market Revenue USD Billion Forecast, by Type 2019 & 2032
- Table 82: Global Solar Tracker Market Volume Thousand Units Forecast, by Type 2019 & 2032
- Table 83: Global Solar Tracker Market Revenue USD Billion Forecast, by Movement 2019 & 2032
- Table 84: Global Solar Tracker Market Volume Thousand Units Forecast, by Movement 2019 & 2032
- Table 85: Global Solar Tracker Market Revenue USD Billion Forecast, by Application 2019 & 2032
- Table 86: Global Solar Tracker Market Volume Thousand Units Forecast, by Application 2019 & 2032
- Table 87: Global Solar Tracker Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 88: Global Solar Tracker Market Volume Thousand Units Forecast, by Country 2019 & 2032
- Table 89: U.K. Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 90: U.K. Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 91: Germany Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 92: Germany Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 93: France Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 94: France Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 95: Italy Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 96: Italy Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 97: Spain Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 98: Spain Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 99: Rest of Europe Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 100: Rest of Europe Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 101: Global Solar Tracker Market Revenue USD Billion Forecast, by Type 2019 & 2032
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- Table 103: Global Solar Tracker Market Revenue USD Billion Forecast, by Movement 2019 & 2032
- Table 104: Global Solar Tracker Market Volume Thousand Units Forecast, by Movement 2019 & 2032
- Table 105: Global Solar Tracker Market Revenue USD Billion Forecast, by Application 2019 & 2032
- Table 106: Global Solar Tracker Market Volume Thousand Units Forecast, by Application 2019 & 2032
- Table 107: Global Solar Tracker Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 108: Global Solar Tracker Market Volume Thousand Units Forecast, by Country 2019 & 2032
- Table 109: China Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 110: China Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 111: India Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 112: India Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 113: Japan Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 114: Japan Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 115: Australia Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 116: Australia Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 117: Rest of Asia Pacific Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 118: Rest of Asia Pacific Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 119: Global Solar Tracker Market Revenue USD Billion Forecast, by Type 2019 & 2032
- Table 120: Global Solar Tracker Market Volume Thousand Units Forecast, by Type 2019 & 2032
- Table 121: Global Solar Tracker Market Revenue USD Billion Forecast, by Movement 2019 & 2032
- Table 122: Global Solar Tracker Market Volume Thousand Units Forecast, by Movement 2019 & 2032
- Table 123: Global Solar Tracker Market Revenue USD Billion Forecast, by Application 2019 & 2032
- Table 124: Global Solar Tracker Market Volume Thousand Units Forecast, by Application 2019 & 2032
- Table 125: Global Solar Tracker Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 126: Global Solar Tracker Market Volume Thousand Units Forecast, by Country 2019 & 2032
- Table 127: Brazil Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 128: Brazil Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 129: Mexico Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 130: Mexico Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 131: Rest of Latin America Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 132: Rest of Latin America Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 133: Global Solar Tracker Market Revenue USD Billion Forecast, by Type 2019 & 2032
- Table 134: Global Solar Tracker Market Volume Thousand Units Forecast, by Type 2019 & 2032
- Table 135: Global Solar Tracker Market Revenue USD Billion Forecast, by Movement 2019 & 2032
- Table 136: Global Solar Tracker Market Volume Thousand Units Forecast, by Movement 2019 & 2032
- Table 137: Global Solar Tracker Market Revenue USD Billion Forecast, by Application 2019 & 2032
- Table 138: Global Solar Tracker Market Volume Thousand Units Forecast, by Application 2019 & 2032
- Table 139: Global Solar Tracker Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 140: Global Solar Tracker Market Volume Thousand Units Forecast, by Country 2019 & 2032
- Table 141: GCC Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 142: GCC Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 143: South Africa Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 144: South Africa Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 145: Rest of the Middle East & Africa Solar Tracker Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 146: Rest of the Middle East & Africa Solar Tracker Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.
Frequently Asked Questions
2. Which companies are prominent players in the Solar Tracker Market?
Key companies in the market include NEXTracker (U.S.), Array Technologies (U.S.), Trina Solar (China), SunPower Corporation (U.S.), ArcelorMittal Projects (Luxembourg), Soltec (Spain), Convert Italia (Italy), PV Hardware (Spain), Arctech Solar (U.S.), Solar Steel (Spain), Ideematec (Germany), SunPower (U.S.), Scorpius Trackers (India), Sun Action Trackers (U.S.).
3. What are the main segments of the Solar Tracker Market?
The market segments include Type, Movement, Application.
4. Can you provide details about the market size?
The market size is estimated to be USD 7.88 USD Billion as of 2022.
5. What are some drivers contributing to market growth?
Green Energy Targets to Fuel Investments in Solar Industry.
6. What are the notable trends driving market growth?
Integrating Software Technologies to Hold Immense Growth Opportunity.
7. Are there any restraints impacting market growth?
High Investment and Lack of Required Infrastructure Could Impact Market Growth Slightly.
8. Can you provide examples of recent developments in the market?
April 2023 - Nextracker Inc. plans to double India's solar tracker manufacturing capacity to 10 gigawatts in the next few years. They will manufacture the semiconductors under the production-linked incentives scheme and indigenously produce 100% of the products. The company said India's target of 500 GW renewable capacity by 2030 would see at least 7-8 GW of projects annually have trackers.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4850, USD 5850, and USD 6850 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in USD Billion and volume, measured in Thousand Units.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Solar Tracker Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Solar Tracker Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Solar Tracker Market?
To stay informed about further developments, trends, and reports in the Solar Tracker Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.