Solar Tracker Market Overview
MMR recently published Solar Tracker market report offers a holistic view of the Solar Tracker market, encompassing both global players and local players operating in different countries. Through a comparative analysis of key players and market followers, this report provides an insightful industry outlook.
Solar Tracker Market Report Scope and Research Methodology
The report provides an in-depth analysis of the Solar Tracker market, through segmentation. It analyses the market size, share, growth, and trends, along with the drivers and restraints affecting the market growth. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report.
Solar Tracker Market Regional Insights
The report provides regional insights into the industrial gas market for North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The Asia-Pacific region is expected to dominate the market.
Solar Tracker Market Segmentation
Dual axis trackers are substantially more expensive than single-axis trackers, depending on the drive type. Dual-axis trackers have larger land needs and higher operating and maintenance expenses since they require more sophisticated technology and high-maintenance motors and control systems. The widespread use of dual-axis trackers is seriously hampered by these issues. Compared to a fixed tilt installation, a dual-axis tracker can increase the total cost of your PV plant by up to 50%. Dual-axis trackers are not attractive for most types of installations because two-axis trackers offer yield improvements of 30–40%, meaning the cost is more than the yields. Since dual-axis trackers’ poles may be high enough for crops, they are usually used on highly specialised installations like farms for dual land use.
Throughout the projection period, the Utility category is anticipated to expand at the greatest CAGR based on Application. The need for renewable energy sources and rising power prices will probably lead to a rise in the use of solar trackers in utility applications. For the duration of the projection, this trend is anticipated to persist. Utility solar systems are installed on the ground, thus single-axis trackers may be used to follow the sun all day long. Because of feed-in tariff programmes and growing government subsidies, trackers are being used widely in utility applications, particularly in North America and Europe.
by Type
Single Axis
Dual Axis
by Application
Residential
Commercial
Utility
by Technology
Solar Photovoltaic (PV)
Concentrated Solar Power (CSP)
Concentrated Photovoltaic (CPV)
Solar Tracker Market Key Players
1. Array Technologies, Inc. (U.S.) 2. NEXTracker (U.S.) 3. Array Technologies (U.S.) 4. Trina Solar (China) 5. SunPower Corporation (U.S.) 6. ArcelorMittal Projects (Luxemburg) 7. Soltec (Spain) 8. Convert Italia (Italy) 9. PV Hardware (Spain) 10.Arctech Solar (U.S.) 11.Solar Steel (Spain) 12.Ideematec (Germany) 13.Scorpius Trackers (India) 14.Sun Action Trackers (U.S.) 15.DEGERENERGIE GMBH & CO. KG (Germany) 16.GameChange Solar (New York)
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Table of Content: Solar Tracker Market
Part 01: Executive Summary
Part 02: Scope of the Solar Tracker Market Report
Part 03: Global Solar Tracker Market Landscape
Part 04: Global Solar Tracker Market Sizing
Part 05: Global Solar Tracker Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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