
Solar Tracker Market Report 2023-2033
Description
Solar Tracker Market Report 2023-2033
The Solar Tracker Market Report 2023-2033: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.
Technological Innovations in Solar Tracker Industry
Traditional solar trackers were usually single-axis, either horizontal or vertical. However, dual-axis trackers that could move both horizontally and vertically and multi-row trackers that could accommodate multiple rows of solar panels were becoming more prevalent. These systems allowed for increased solar energy capture throughout the day, maximizing the energy output.
Sophisticated tracking algorithms were being implemented in solar trackers to optimize their performance. These algorithms considered various factors such as solar position, weather conditions, shading, and historical data to determine the ideal position for the solar panels and adjust their orientation accordingly.
Internet of Things (IoT) technology enabled solar tracker systems to be connected to the cloud, allowing for remote monitoring and control. This feature facilitated real-time data analysis, performance tracking, and troubleshooting, leading to improved maintenance and operational efficiency. Bifacial solar panels, capable of capturing sunlight from both sides, were gaining popularity. Solar trackers were designed to optimize the positioning of these bifacial panels to enhance their energy yield.
Some solar tracker designs started implementing distributed actuation systems, where each solar panel had its actuator. This approach reduced mechanical complexity, improved reliability, and allowed independent control over each panel's movement. Advancements in materials science led to the development of lighter, more durable, and weather-resistant materials for solar trackers. These materials enhanced the trackers' lifespan while reducing maintenance requirements.
Additional Energy Consumption Due To Solar Tracker
Solar trackers are mechanisms that allow solar panels to follow the sun's movement throughout the day, optimizing their angle of incidence to maximize energy capture. While solar trackers can increase the overall energy output of a solar system, they also consume additional energy themselves to operate. This additional energy consumption is mainly due to the power needed to control and reposition the solar panels. Different types of solar trackers have varying energy requirements. Single-axis trackers, which move the panels on one axis (usually East-West), generally consume less energy compared to dual-axis trackers, which move the panels on two axes (East-West and North-South). Dual-axis trackers provide better solar panel alignment but require more energy to operate.
What Questions Should You Ask before Buying a Market Research Report?
- How is the solar trackers market evolving?
- What is driving and restraining the solar trackers market?
- How will each solar trackers submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2033?
- How will the market shares for each solar trackers submarket develops from 2023 to 2033?
- What will be the main driver for the overall market from 2023 to 2033?
- Will leading solar trackers markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
- How will the market shares of the national markets change by 2033 and which geographical region will lead the market in 2033?
- Who are the leading players and what are their prospects over the forecast period?
- What are the solar trackers projects for these leading companies?
- How will the industry evolve during the period between 2023 and 2033? What are the implications of solar trackers projects taking place now and over the next 10 years?
- Is there a greater need for product commercialisation to further scale the solar trackers market?
- Where is the solar trackers market heading and how can you ensure you are at the forefront of the market?
- Our 220-page report provides 86 tables and 110 charts/graphs exclusively to you.
- The report highlights key lucrative areas in the industry so you can target them – NOW.
- It contains in-depth analysis of global, regional and national sales and growth.
- It highlights for you the key successful trends, changes and revenue projections made by your competitors.
Forecasts to 2033 and other analyses reveal commercial prospects
- In addition to revenue forecasting to 2033, our new study provides you with recent results, growth rates, and market shares.
- You will find original analyses, with business outlooks and developments.
- Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints, and challenges), porters five forces analysis, PEST analysis, and recent developments.
Type Outlook
- Single Axis
- Dual Axis
- Utility
- Residential
- Commercial
North America
- U.S.
- Canada
- Germany
- France
- Italy
- Russia
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Brazil
- Mexico
- Colombia
- Rest of Latin America
- Saudi Arabia
- Iran
- Israel
- Qatar
- Algeria
- Rest of MEA
Leading companies and the potential for market growth
- Allearth Renewables
- Arctech Solar Holding Co., Ltd.
- Array Technologies, Inc.
- FTC Solar
- Gamechange Solar
- Gonvarri Solar Steel
- Ideematec
- Nextracker Inc.
- PV Hardware
- Soltec Power Holdings S.A.
- Trina Solar
- Valmont Industries, Inc.
How will the Solar Tracker Market, 2023 to 2033 Market report help you?
In summary, our 220-page report provides you with the following knowledge:
- Revenue forecasts to 2033 for Solar Tracker Market, 2023 to 2033 Market, with forecasts for type, application, and each forecast at a global, and regional level – discover the industry’s prospects, finding the most lucrative places for investments and revenues.
- Revenue forecasts to 2033 for five regional and 19 key national markets – See forecasts for the Solar Tracker Market, 2023 to 2033 market in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Also, market size estimation and forecast is provided for US, Canada, Mexico, Brazil, Germany, Colombia, Italy, France, China, India, Japan, and Russia among other prominent economies.
- Prospects for established firms and those seeking to enter the market – including company profiles for 12 of the major companies involved in the Solar Tracker Market.
Information found nowhere else
With our new report, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Our study is for everybody needing commercial analyses for the Solar Tracker Market, 2023 to 2033, market-leading companies. You will find data, trends and predictions.
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Table of Contents
220 Pages
- 1 Report Overview
- 1.1 Objectives of the Study
- 1.2 Introduction to Solar Tracker Market
- 1.3 What This Report Delivers
- 1.4 Why You Should Read This Report
- 1.5 Key Questions Answered by This Analytical Report
- 1.6 Who is This Report for?
- 1.7 Methodology
- 1.7.1 Market Definitions
- 1.7.2 Market Evaluation & Forecasting Methodology
- 1.7.3 Data Validation
- 1.7.3.1 Primary Research
- 1.7.3.2 Secondary Research
- 1.8 Frequently Asked Questions (FAQs)
- 1.9 Associated Reports
- 1.10 About
- 2 Executive Summary
- 3 Market Overview
- 3.1 Key Findings
- 3.2 Market Dynamics
- 3.2.1 Market Driving Factors
- 3.2.1.1 Improving Energy Storage Technologies to Drive Solar Tracker Industry
- 3.2.1.2 Growing Solar Energy Demand to Drive the Market
- 3.2.1.3 Technological Innovations in Solar Tracker Industry
- 3.2.2 Market Restraining Factors
- 3.2.2.1 Solar Tracker is a Capital Intensive Technology
- 3.2.2.2 Additional Energy Consumption Due To Solar Tracker
- 3.2.3 Market Opportunities
- 3.2.3.1 Scale of Solar Installations to Open New Opportunities
- 3.2.3.2 Growing Renewable Energy Industry
- 3.3 COVID-19 Impact Analysis
- 3.4 Porter’s Five Forces Analysis
- 3.4.1 Bargaining Power of Suppliers
- 3.4.2 Bargaining Power of Buyers
- 3.4.3 Competitive Rivalry
- 3.4.4 Threat from Substitutes
- 3.4.5 Threat of New Entrants
- 4 Solar Tracker Market Analysis by Product
- 4.1 Key Findings
- 4.2 Product Segment: Market Attractiveness Index
- 4.3 Solar Tracker Market Size Estimation and Forecast by Product
- 4.4 Single Axis Solar Tracker
- 4.4.1 Upgrade to Handle Uneven Land Sites
- 4.4.2 Market Size by Region, 2023-2033 (US$ Billion)
- 4.4.3 Market Share by Region, 2023 & 2033 (%)
- 4.5 Dual Axis Solar Tracker
- 4.5.1 Energy Efficient Dual Axis Solar Tracking System Using IOT
- 4.5.2 Market Size by Region, 2023-2033 (US$ Billion)
- 4.5.3 Market Share by Region, 2023 & 2033 (%)
- 5 Solar Tracker Market Analysis by Application
- 5.1 Key Findings
- 5.2 Application Segment: Market Attractiveness Index
- 5.3 Solar Tracker Market Size Estimation and Forecast by Application
- 5.4 Utility
- 5.4.1 Market Size by Region, 2023-2033 (US$ Billion)
- 5.4.2 Market Share by Region, 2023 & 2033 (%)
- 5.5 Residential
- 5.5.1 Market Size by Region, 2023-2033 (US$ Billion)
- 5.5.2 Market Share by Region, 2023 & 2033 (%)
- 5.6 Commercial
- 5.6.1 Market Size by Region, 2023-2033 (US$ Billion)
- 5.6.2 Market Share by Region, 2023 & 2033 (%)
- 6 Solar Tracker Market Analysis by Region
- 6.1 Key Findings
- 6.2 Regional Market Size Estimation and Forecast
- 7 North America Solar Tracker Market Analysis
- 7.1 Key Findings
- 7.2 North America Solar Tracker Market Attractiveness Index
- 7.3 North America Solar Tracker Market by Country, 2023, 2028 & 2033 (US$ Billion)
- 7.4 North America Solar Tracker Market Size Estimation and Forecast by Country
- 7.5 North America Solar Tracker Market Size Estimation and Forecast by Product
- 7.6 North America Solar Tracker Market Size Estimation and Forecast by Application
- 7.7 U.S. Solar Tracker Market Analysis
- 7.7.1 Home Solar Panel Adoption Continues to Rise in the U.S.
- 7.7.2 Array Technologies Launched Two New Utility-Scale Solar Tracker Systems
- 7.8 Canada Solar Tracker Market Analysis
- 7.8.1 Polar Racking Acquired Single-Axis Tracker Manufacturer Axsus Solar
- 7.8.2 Solar FlexRack Mounting Solutions Selected by DGC for 48 MW Solar Project Portfolio in Canada
- 7.8.3 NRG Systems Provides Monitoring Solution for Largest PV Plant in Canada
- 8 Europe Solar Tracker Market Analysis
- 8.1 Key Findings
- 8.2 Europe Solar Tracker Market Attractiveness Index
- 8.3 Europe Solar Tracker Market by Country, 2023, 2028 & 2033 (US$ Billion)
- 8.4 Europe Solar Tracker Market Size Estimation and Forecast by Country
- 8.5 Europe Solar Tracker Market Size Estimation and Forecast by Product
- 8.6 Europe Solar Tracker Market Size Estimation and Forecast by Application
- 8.7 Russia Solar Tracker Market Analysis
- 8.8 Germany Solar Tracker Market Analysis
- 8.8.1 European Developer IbVogt Chooses Nextracker’s Terrain-Following Solar Tracker
- 8.9 France Solar Tracker Market Analysis
- 8.9.1 French Startup Offers ‘Manual’ Solar Tracker for Residential PV Systems
- 8.9.2 Ideematec To Supply Customized Solar Trackers For Amda Energia’s 100 MW Agrivoltaic Project
- 8.10 Italy Solar Tracker Market Analysis
- 8.10.1 Enel, Comal Plan 1GW Solar Tracker Factory in Italy
- 8.10.2 ENGIE Inaugurated the Biggest Agrovoltaic Park in Italy
- 8.11 Rest of Europe Solar Tracker Market Analysis
- 9 Asia Pacific Solar Tracker Market Analysis
- 9.1 Key Findings
- 9.2 Asia Pacific Solar Tracker Market Attractiveness Index
- 9.3 Asia Pacific Solar Tracker Market by Country, 2023, 2028 & 2033 (US$ Billion)
- 9.4 Asia Pacific Solar Tracker Market Size Estimation and Forecast by Country
- 9.5 Asia Pacific Solar Tracker Market Size Estimation and Forecast by Product
- 9.6 Asia Pacific Solar Tracker Market Size Estimation and Forecast by Application
- 9.7 China Solar Tracker Market Analysis
- 9.7.1 FTC Solar Closed Acquisition of HX Tracker
- 9.8 India Solar Tracker Market Analysis
- 9.8.1 Largest Single-Axis Solar Tracker System
- 9.8.2 Gensol Engineering Acquired Solar Tracker Player Scorpius Trackers
- 9.9 Japan Solar Tracker Market Analysis
- 9.9.1 Canadian Solar Launched Operation for 42 MWp Solar Portfolio in Japan
- 9.10 South Korea Solar Tracker Market Analysis
- 9.10.1 Trina Solar to Unveil New Technologies and Tracker at Green Energy Expo in South Korea’s Daegu
- 9.11 Australia Solar Tracker Market Analysis
- 9.11.1 Solar Tracker Giant Sets Up Manufacturing Facility In Australia To Supply Local Projects
- 9.12 Rest of Asia Pacific Solar Tracker Market Analysis
- 10 Middle East & Africa Solar Tracker Market Analysis
- 10.1 Key Findings
- 10.2 Middle East & Africa Solar Tracker Market Attractiveness Index
- 10.3 Middle East & Africa Solar Tracker Market by Country, 2023, 2028 & 2033 (US$ Billion)
- 10.4 Middle East & Africa Solar Tracker Market Size Estimation and Forecast by Country
- 10.5 Middle East & Africa Solar Tracker Market Size Estimation and Forecast by Product
- 10.6 Middle East & Africa Solar Tracker Market Size Estimation and Forecast by Application
- 10.7 Saudi Arabia Solar Tracker Market Analysis
- 10.7.1 Spain’s PV Hardware Opens New Solar Tracker Production Facility In Jeddah With 8 GW Annual Capacity
- 10.8 Iran Solar Tracker Market Analysis
- 10.8.1 The First Solar PV Tracker Made in Iran in Industrial Scale
- 10.9 Israel Solar Tracker Market Analysis
- 10.9.1 Trina Solar Signs Israel's Largest Module and Tracker Deal
- 10.10 Qatar Solar Tracker Market Analysis
- 10.10.1 Trina to Supply 875 MW of Trackers for Qatar Solar Plants
- 10.11 Algeria Solar Tracker Market Analysis
- 10.11.1 Algeria’s Solar 1,000 MW Project Scheme To Start Producing Power by 2024
- 10.12 Rest of Middle East & Africa Solar Tracker Market Analysis
- 11 Latin America Solar Tracker Market Analysis
- 11.1 Key Findings
- 11.2 Latin America Solar Tracker Market Attractiveness Index
- 11.3 Latin America Solar Tracker Market by Country, 2023, 2028 & 2033 (US$ Billion)
- 11.4 Latin America Solar Tracker Market Size Estimation and Forecast by Country
- 11.5 Latin America Solar Tracker Market Size Estimation and Forecast by Product
- 11.6 Latin America Solar Tracker Market Size Estimation and Forecast by Application
- 11.7 Brazil Solar Tracker Market Analysis
- 11.7.1 Soltec Supplied SFOne Trackers to Two Projects of Canadian Solar
- 11.8 Mexico Solar Tracker Market Analysis
- 11.8.1 Arctech to Supply Solar Trackers to 365.8MW Project in Mexico
- 11.9 Colombia Solar Tracker Market Analysis
- 11.9.1 Colombia Kicks off Trina Solar’s First Integrated Project
- 11.10 Rest of Latin America Solar Tracker Market Analysis
- 12 Company Profiles
- 12.1 Nextracker Inc.
- 12.1.1 Company Snapshot
- 12.1.2 Company Overview
- 12.1.3 Financial Analysis
- 12.1.3.1 Net Revenue, 2018-2022
- 12.1.3.2 Gross Profit, 2018-2022
- 12.1.3.3 Operating Income, 2018-2022
- 12.1.3.4 Regional Market Shares, 2022
- 12.1.4 Product Benchmarking
- 12.1.5 Strategic Outlook
- 12.2 Array Technologies, Inc.
- 12.2.1 Company Snapshot
- 12.2.2 Company Overview
- 12.2.3 Financial Analysis
- 12.2.3.1 Net Revenue, 2018-2022
- 12.2.3.2 Gross Profit, 2018-2022
- 12.2.3.3 Operating Income, 2018-2022
- 12.2.3.4 Regional Market Shares, 2022
- 12.2.3.5 Segment Market Shares, 2022
- 12.2.4 Product Benchmarking
- 12.2.5 Strategic Outlook
- 12.3 PV Hardware
- 12.3.1 Company Snapshot
- 12.3.2 Company Overview
- 12.3.3 Product Benchmarking
- 12.3.4 Strategic Outlook
- 12.4 Arctech Solar Holding Co., Ltd.
- 12.4.1 Company Snapshot
- 12.4.2 Company Overview
- 12.4.3 Financial Analysis
- 12.4.3.1 Net Revenue, 2018-2022
- 12.4.4 Product Benchmarking
- 12.4.5 Strategic Outlook
- 12.5 Soltec Power Holdings S.A.
- 12.5.1 Company Snapshot
- 12.5.2 Company Overview
- 12.5.3 Financial Analysis
- 12.5.3.1 Net Revenue, 2018-2022
- 12.5.3.2 Geographic Diversification (Backlog), 2022
- 12.5.3.3 Geographic Diversification (Pipeline), 2022
- 12.5.4 Product Benchmarking
- 12.5.5 Strategic Outlook
- 12.6 Trina Solar
- 12.6.1 Company Snapshot
- 12.6.2 Company Overview
- 12.6.3 Product Benchmarking
- 12.6.4 Strategic Outlook
- 12.7 Valmont Industries, Inc.
- 12.7.1 Company Snapshot
- 12.7.2 Company Overview
- 12.7.3 Financial Analysis
- 12.7.3.1 Net Revenue, 2018-2022
- 12.7.3.2 Gross Profit, 2018-2022
- 12.7.3.3 Operating Income, 2018-2022
- 12.7.3.4 Regional Market Shares, 2022
- 12.7.3.5 Segment Market Shares, 2022
- 12.7.4 Product Benchmarking
- 12.7.5 Strategic Outlook
- 12.8 Gonvarri Solar Steel
- 12.8.1 Company Snapshot
- 12.8.2 Company Overview
- 12.8.3 Product Benchmarking
- 12.8.4 Strategic Outlook
- 12.9 Gamechange Solar
- 12.9.1 Company Snapshot
- 12.9.2 Company Overview
- 12.9.3 Product Benchmarking
- 12.9.4 Strategic Outlook
- 12.10 Ideematec
- 12.10.1 Company Snapshot
- 12.10.2 Company Overview
- 12.10.3 Product Benchmarking
- 12.10.4 Strategic Outlook
- 12.11 Allearth Renewables
- 12.11.1 Company Snapshot
- 12.11.2 Company Overview
- 12.11.3 Product Benchmarking
- 12.12 FTC Solar
- 12.12.1 Company Snapshot
- 12.12.2 Company Overview
- 12.12.3 Product Benchmarking
- 12.12.4 Strategic Outlook
- 13 Conclusion and Recommendations
- 13.1 Concluding Remarks from
- 13.2 Recommendations for Market Players
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