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United Kingdom Solar Tracker Market, By Product Type (Single-Axis Solar Trackers, Dual-Axis Solar Trackers); By Technology (Photovoltaic (PV) Solar Trackers, Concentrated Solar Power (CSP) Trackers); By End User (Solar Power Developers, EPC (Engineering,

Publisher BlueWeave Consulting
Published Apr 12, 2023
Length 240 Pages
SKU # BLWC17899904

Description

United Kingdom Solar Tracker Market, By Product Type (Single-Axis Solar Trackers, Dual-Axis Solar Trackers); By Technology (Photovoltaic (PV) Solar Trackers, Concentrated Solar Power (CSP) Trackers); By End User (Solar Power Developers, EPC (Engineering, Procurement, and Construction) Contractors, Homeowners, Government & Public Utilities), Trend Analysis, Competitive Landscape & Forecast, 2019–2029


United Kingdom Solar Tracker Market Size Booming to Touch USD 600.71 Million by 2029


United Kingdom solar tracker market is gaining traction because of the increasing demand for renewable energy and solar power in the United Kingdom and government support and incentives for solar energy projects.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the United Kingdom solar tracker market size at USD 248.56 million in 2022. During the forecast period between 2023 and 2029, the United Kingdom solar tracker market size is projected to grow at an impressive CAGR of 13.52% reaching a value of USD 600.71 million by 2029. An increasing emphasis on renewable energy is among the key driving factors for the United Kingdom solar tracker market. The rapidly increasing number of solar panel installations across the country is one of the key factors fueling the growth of the solar tracker market. As favorable government policies and subsidies support numerous solar energy projects, the market for solar trackers in the United Kingdom is expanding.

United Kingdom Solar Tracker Market – Overview

With the use of a solar tracker, a panel is positioned at an angle with the Sun. The two most frequent uses of solar trackers are for placing space telescopes to identify the direction of the Sun and for positioning photovoltaic (PV) panels (solar panels) so that they remain perpendicular to the Sun's beams. The solar energy collector receives more solar energy when solar trackers are used, which boosts the energy output of the heat/electricity produced. The output of solar panels may be increased by 20–30% with solar trackers, which boosts the project's profitability.

United Kingdom Solar Tracker Market – By Technology

Based on technology, the United Kingdom solar tracker market is segmented into photovoltaic (PV) solar trackers and concentrated solar power (CSP) trackers. Photovoltaic (PV) solar trackers hold a higher market share. As photovoltaic technology tracker is easy to make, has affordable installation, and requires low maintenance, it is favored by the United Kingdom market. PV trackers can dilute light that is absorbed by the sun and take direct sunlight. These features raise the market need for solar trackers based on photovoltaic technology.

Impact of COVID-19 on the United Kingdom Solar Tracker Market

The market for solar trackers in the United Kingdom suffered from the unprecedented COVID-19 pandemic. The country's solar energy projects were directly suspended as a result of the rising number of coronavirus infections, which also caused a large fall in the market for solar trackers. The United Kingdom is also directly dependent on imports from China and India for solar tracker equipment, which also leads to huge losses to the market. On the plus side, sales of solar trackers for power generation are predicted to rise in the coming years as a result of factors including supportive government regulations and measures to meet rising energy demand using renewable energy sources.

Competitive Landscape

Major players operating in the United Kingdom solar tracker market include Convert Energy, Soltec, Nclave Renewable SL, Array Technologies, Inc., SunPower Corporation, Scorpius Trackers, Arctech Solar Holding Co. Ltd., AllEarth Renewables, Solar FlexRack, and GameChange Solar.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the United Kingdom Solar Tracker Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the United Kingdom Solar Tracker Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Table of Contents

240 Pages
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. United Kingdom Solar Tracker Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Increasing demand for renewable energy and solar power in the United Kingdom
3.2.1.2. Government support and incentives for solar energy projects
3.2.1.3. Advancements in solar tracker technology, such as improved accuracy and efficiency
3.2.2. Restraints
3.2.2.1. Limited availability of suitable land for Solar Tracker systems
3.2.3. Opportunities
3.2.3.1. Development of new and innovative solar tracker products and solutions
3.2.3.2. Collaborations and partnerships between companies in the solar energy and technology sectors
3.2.4. Challenges
3.2.4.1. Potential negative environmental impacts of solar tracker systems, such as land use changes and visual impacts
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. United Kingdom Solar Tracker Market Overview
4.1. Market Size & Forecast, 2019–2029
4.1.1. By Value (USD Million)
4.2. Market Share and Forecast
4.2.1. By Product Type
4.2.1.1. Single-Axis Solar Trackers
4.2.1.2. Dual-Axis Solar Trackers
4.2.2. By Technology
4.2.2.1. Photovoltaic (PV) Solar Trackers
4.2.2.2. Concentrated Solar Power (CSP) Trackers
4.2.3. By End Users
4.2.3.1. Solar Power Developers
4.2.3.2. EPC (Engineering, Procurement, and Construction) Contractors
4.2.3.3. Homeowners
4.2.3.4. Government & Public Utilities
5. Competitive Landscape
5.1.
List of Key Players and Their Offerings
5.2. United Kingdom Solar Tracker Market Share Analysis, 2022
5.3. Competitive Benchmarking, By Operating Parameters
5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Covid-19 on United Kingdom Solar Tracker Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
7.1. Convert Energy
7.2. Soltec
7.3. Nclave Renewable SL
7.4. Array Technologies, Inc.
7.5. SunPower Corporation
7.6. Scorpius Trackers
7.7. Arctech Solar Holding Co. Ltd.
7.8. AllEarth Renewables
7.9. Solar FlexRack
7.10. GameChange Solar
7.11. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
9.1. Qualitative Research
9.1.1. Primary & Secondary Research
9.2. Quantitative Research
9.3. Market Breakdown & Data Triangulation
9.3.1. Secondary Research
9.3.2. Primary Research
9.4. Breakdown of Primary Research Respondents, By Region
9.5. Assumptions & Limitations
*Financial information of case of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
Figure 1 United Kingdom Solar Tracker Segmentation
Figure 2 United Kingdom Solar Tracker Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 United Kingdom Solar Tracker Market Size, By Value (USD Million), 2019–2029
Figure 5 United Kingdom Solar Tracker Market Share, By Product Type, By Value, 2019–2029
Figure 6 United Kingdom Solar Tracker Market Share, By Technology, By Value, 2019–2029
Figure 7 United Kingdom Solar Tracker Market Share, By End Users, By Value, 2019–2029
List of Tables
Table 1 United Kingdom Solar Tracker Market Size, By Value (USD Million), 2019–2029
Table 2 United Kingdom Solar Tracker Market Size, By Product Type, By Value, 2019–2029
Table 3 United Kingdom Solar Tracker Market Size, By Technology, By Value, 2019–2029
Table 4 United Kingdom Solar Tracker Market Size, By End Users, By Value, 2019–2029
Table 5 Convert Energy Company Overview
Table 6 Convert Energy Financial Overview
Table 7 Soltec Company Overview
Table 8 Soltec Financial Overview
Table 9 Nclave Renewable SL Company Overview
Table 10 Nclave Renewable SL Financial Overview
Table 11 Array Technologies, Inc. Company Overview
Table 12 Array Technologies, Inc. Financial Overview
Table 13 SunPower Corporation Company Overview
Table 14 SunPower Corporation Financial Overview
Table 15 Scorpius Trackers Company Overview
Table 16 Scorpius Trackers Financial Overview
Table 17 Arctech Solar Holding Co. Ltd. Company Overview
Table 18 Arctech Solar Holding Co. Ltd. Financial Overview
Table 19 AllEarth Renewables Company Overview
Table 20 AllEarth Renewables Financial Overview
Table 21 Solar FlexRack Company Overview
Table 22 Solar FlexRack Financial Overview
Table 23 GameChange Solar
Table 24 GameChange Solar Financial Overview

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