Global Solar PV Tracker Market 2022-2026
Technavio has been monitoring the solar PV tracker market and it is poised to grow by $7.43 bn during 2022-2026, accelerating at a CAGR of 17.28% during the forecast period. Our report on the 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 global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in investments in renewable energy, increasing government support, and the declining cost of solar energy.
The solar PV tracker market analysis includes the technology segment and geographic landscape.
Technavio's solar PV tracker market is segmented as below:
By Geographical Landscape
- North America
- South America
- Middle East and Africa
This study identifies the increasing conversion efficiency of solar PVs as one of the prime reasons driving the solar PV tracker market growth during the next few years. Also, the emergence of smart cities and the slowdown in coal power investments will lead to sizable demand in the market.
Technavio 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. Our report on the solar PV tracker market covers the following areas:
- Solar PV tracker market sizing
- Solar PV tracker market forecast
- Solar PV tracker market industry analysis
Technavio's 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 solar PV tracker market vendors that include Abengoa SA, AllEarth Renewables Inc, ArcelorMittal SA, Arctech Solar Holding Co Ltd, Array Technologies Inc., Convert Italia SpA, First Solar Inc., GameChange Solar, Grupo Gransolar SL, Hao solar Co Ltd, IDEEMATEC Germany GmbH, Mahindra Susten., NEXtracker Inc, NOV Inc., Scorpius Trackers Pvt Ltd, Solar FlexRack, Soltec Energias Renovables SL, Sun Action Trackers, SunPower Corp., and Trina Solar Co. Ltd. Also, the 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.
Technavio 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. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.