Global Solar PV Tracker Market 2022-2026

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 Technology

  • Solar PV
  • CSP
By Geographical Landscape
  • North America
  • Europe
  • APAC
  • 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.


  • Executive Summary
    • Market overview
      • Table Executive Summary - Chart on Market Overview
      • Table Executive Summary - Data Table on Market Overview
      • Table Executive Summary - Chart on Global Market Characteristics
      • Table Executive Summary - Chart on Market by Geography
      • Table Executive Summary - Chart on Market Segmentation by Product Placement
      • Table Executive Summary - Chart on Market Segmentation by Technology
      • Table Executive Summary - Chart on Incremental Growth
      • Table Executive Summary - Data Table on Incremental Growth
      • Table Executive Summary - Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2021
    • Market outlook: Forecast for 2021-2026
      • Table Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Table Data Table on Global Market: Year-over-year growth 2021-2026 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2021 and 2026
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers - Impact of key factors in 2021 and 2026
    • Threat of new entrants
      • Table Threat of new entrants - Impact of key factors in 2021 and 2026
    • Threat of substitutes
      • Table Threat of substitutes - Impact of key factors in 2021 and 2026
    • Threat of rivalry
      • Table Threat of rivalry - Impact of key factors in 2021 and 2026
    • Market condition
      • Table Chart on Market condition - Five forces 2021 and 2026
  • Market Segmentation by Product Placement
    • Market segments
      • Table Chart on Market Segmentation by Product Placement - Market share 2021-2026 (%)
      • Table Data Table on Market Segmentation by Product Placement - Market share 2021-2026 (%)
    • Comparison by Market Segmentation by Product Placement
      • Table Chart on Comparison by Market Segmentation by Product Placement
      • Table Data Table on Comparison by Market Segmentation by Product Placement
    • Single axis tracker - Market size and forecast 2021-2026
      • Table Chart on Single axis tracker - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Single axis tracker - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Single axis tracker - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Single axis tracker - Year-over-year growth 2021-2026 (%)
    • Dual-axis trackers - Market size and forecast 2021-2026
      • Table Chart on Dual-axis trackers - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Dual-axis trackers - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Dual-axis trackers - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Dual-axis trackers - Year-over-year growth 2021-2026 (%)
    • Market opportunity by Market Segmentation by Product Placement
      • Table Market opportunity by Market Segmentation by Product Placement ($ million)
  • Market Segmentation by Technology
    • Market segments
      • Table Chart on Technology - Market share 2021-2026 (%)
      • Table Data Table on Technology - Market share 2021-2026 (%)
    • Comparison by Technology
      • Table Chart on Comparison by Technology
      • Table Data Table on Comparison by Technology
    • Solar PV - Market size and forecast 2021-2026
      • Table Chart on Solar PV - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Solar PV - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Solar PV - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Solar PV - Year-over-year growth 2021-2026 (%)
    • CSP - Market size and forecast 2021-2026
      • Table Chart on CSP - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on CSP - Market size and forecast 2021-2026 ($ million)
      • Table Chart on CSP - Year-over-year growth 2021-2026 (%)
      • Table Data Table on CSP - Year-over-year growth 2021-2026 (%)
    • Market opportunity by Technology
      • Table Market opportunity by Technology ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2021-2026 (%)
      • Table Data Table on Market share by geography 2021-2026 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • North America - Market size and forecast 2021-2026
      • Table Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Table Chart on North America - Year-over-year growth 2021-2026 (%)
      • Table Data Table on North America - Year-over-year growth 2021-2026 (%)
    • Europe - Market size and forecast 2021-2026
      • Table Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • APAC - Market size and forecast 2021-2026
      • Table Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Table Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Table Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • South America - Market size and forecast 2021-2026
      • Table Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Table Chart on South America - Year-over-year growth 2021-2026 (%)
      • Table Data Table on South America - Year-over-year growth 2021-2026 (%)
    • Middle East and Africa - Market size and forecast 2021- 2026
      • Table Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • US - Market size and forecast 2021-2026
      • Table Chart on US - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Table Chart on US - Year-over-year growth 2021-2026 (%)
      • Table Data Table on US - Year-over-year growth 2021-2026 (%)
    • China - Market size and forecast 2021-2026
      • Table Chart on China - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Table Chart on China - Year-over-year growth 2021-2026 (%)
      • Table Data Table on China - Year-over-year growth 2021-2026 (%)
    • India - Market size and forecast 2021-2026
      • Table Chart on India - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Table Chart on India - Year-over-year growth 2021-2026 (%)
      • Table Data Table on India - Year-over-year growth 2021-2026 (%)
    • Germany - Market size and forecast 2021-2026
      • Table Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • Spain - Market size and forecast 2021-2026
      • Table Chart on Spain - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Spain - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Spain - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Spain - Year-over-year growth 2021-2026 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Rise in investments in renewable energy
      • Increasing government support
      • Declining cost of solar energy
    • Market challenges
      • Intermittency in solar power generation
      • Competition from alternative sources of energy
      • High water requirement for CSP projects
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2021 and 2026
    • Market trends
      • Increasing conversion efficiency of solar PVs
      • Emergence of smart cities
      • Slowdown in coal power investment
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • Arctech Solar Holding Co Ltd
      • Table Arctech Solar Holding Co Ltd - Overview
      • Table Arctech Solar Holding Co Ltd - Product / Service
      • Table Arctech Solar Holding Co Ltd - Key offerings
    • Array Technologies Inc.
      • Table Array Technologies Inc. - Overview
      • Table Array Technologies Inc. - Product / Service
      • Table Array Technologies Inc. - Key offerings
    • Convert Italia SpA
      • Table Convert Italia SpA - Overview
      • Table Convert Italia SpA - Product / Service
      • Table Convert Italia SpA - Key offerings
    • First Solar Inc.
      • Table First Solar Inc. - Overview
      • Table First Solar Inc. - Business segments
      • Table First Solar Inc. - Key news
      • Table First Solar Inc. - Key offerings
      • Table First Solar Inc. - Segment focus
    • Grupo Gransolar SL
      • Table Grupo Gransolar SL - Overview
      • Table Grupo Gransolar SL - Product / Service
      • Table Grupo Gransolar SL - Key offerings
    • IDEEMATEC Germany GmbH
      • Table IDEEMATEC Germany GmbH - Overview
      • Table IDEEMATEC Germany GmbH - Product / Service
      • Table IDEEMATEC Germany GmbH - Key offerings
    • Mahindra Susten.
      • Table Mahindra Susten. - Overview
      • Table Mahindra Susten. - Product / Service
      • Table Mahindra Susten. - Key offerings
    • NEXtracker Inc
      • Table NEXtracker Inc - Overview
      • Table NEXtracker Inc - Product / Service
      • Table NEXtracker Inc - Key offerings
    • Soltec Energias Renovables SL
      • Table Soltec Energias Renovables SL - Overview
      • Table Soltec Energias Renovables SL - Product / Service
      • Table Soltec Energias Renovables SL - Key offerings
    • SunPower Corp.
      • Table SunPower Corp. - Overview
      • Table SunPower Corp. - Product / Service
      • Table SunPower Corp. - Key news
      • Table SunPower Corp. - Key offerings
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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