The single axis solar PV tracker market is forecasted to grow by USD 10718.63 mn during 2023-2028, accelerating at a CAGR of 19.07% during the forecast period. The report on the single axis solar PV tracker market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by declining costs of solar power generation, supportive government policies and regulations, and rise in solar PV panel installations.
Technavio's single axis solar PV tracker market is segmented as below:
Market Scope
Base Year
2022
End Year
2027
Series Year
2023-2027
Growth Momentum
Accelerate
YOY 2023
17.22%
CAGR
19.07%
Incremental Value
$10718.63mn
By Application
Utility
Distributed generation
By Type
Horizontal type
Vertical type
By Geographical Landscape
North America
Europe
APAC
South America
Middle East and Africa
This study identifies the increased adoption of microgrids as one of the prime reasons driving the single axis solar PV tracker market growth during the next few years. Also, increasing conversion efficiency of solar PVs and development of smart cities will lead to sizable demand in the market.
The report on the single axis solar PV tracker market covers the following areas:
Single axis solar PV tracker market sizing
Single axis solar PV tracker market forecast
Single axis solar PV tracker market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading single axis solar PV tracker market vendors that include Abengoa SA, All Earth Renewables, ArcelorMittal SA, Arctech Solar Holding Co Ltd, Array Technologies Inc., First Solar Inc., GameChange Solar, Gensol Engineering Ltd., Grupo Gransolar SL, Hanwha Corp., Haosolar Co. Ltd., IDEEMATEC Germany GmbH, MECANIZADOS SOLARES SL, NOV Inc., Soltec Energias Renovables SL, Sun Action Trackers, Trina Solar Co. Ltd., Valmont Industries Inc., and Flex Ltd.. Also, the single axis solar PV tracker market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global single axis solar PV tracker market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global single axis solar pv tracker market 2018 - 2022 ($ million)