- January 22, 2020
- Category: Energy and Power, Power Generation and Storage
Global Solar Tracker Market Size study, By Product (Single Axis and Dual Axis), By Technology [Photovoltaic (PV), Concentrated Photovoltaic (CPV) and Concentrated solar power (CSP)] By Application (Utility, Residential and Commercial), and Regional Forecasts 2020-2027
Chapter 1. Executive Summary 1.1. Market Snapshot 1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion) 1.2.1. Solar Tracker Market, by Region, 2018-2027 (USD Billion) 1.2.2. Solar Tracker Market, by Product, 2018-2027 (USD Billion) 1.2.3. Solar Tracker Market, by Technology, 2018-2027 (USD Billion) 1.2.4. Solar Tracker Market, by Application, 2018-2027 (USD Billion) 1.3. Key Trends 1.4. Estimation Methodology 1.5. Research Assumption Chapter 2. Global Solar Tracker Market Definition and Scope 2.1. Objective of the Study 2.2. Market Definition & Scope 2.2.1. Scope of the Study 2.2.2. Industry Evolution 2.3. Years Considered for the Study 2.4. Currency Conversion Rates Chapter 3. Global Solar Tracker Market Dynamics 3.1. Solar Tracker Market Impact Analysis (2018-2027) 3.1.1. Market Drivers 3.1.2. Market Challenges 3.1.3. Market Opportunities Chapter 4. Global Solar Tracker Market: Industry Analysis 4.1. Porter’s 5 Force Model 4.1.1. Bargaining Power of Suppliers 4.1.2. Bargaining Power of Buyers 4.1.3. Threat of New Entrants 4.1.4. Threat of Substitutes 4.1.5. Competitive Rivalry 4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027) 4.2. PEST Analysis 4.2.1. Political 4.2.2. Economical 4.2.3. Social 4.2.4. Technological 4.3. Investment Adoption Model 4.4. Analyst Recommendation & Conclusion Chapter 5. Global Solar Tracker Market, by Product 5.1. Market Snapshot 5.2. Global Solar Tracker Market by Product, Performance - Potential Analysis 5.3. Global Solar Tracker Market Estimates & Forecasts by Product 2017-2027 (USD Billion) 5.4. Solar Tracker Market, Sub Segment Analysis 5.4.1. Single Axis 5.4.2. Dual Axis Chapter 6. Global Solar Tracker Market, by Technology 6.1. Market Snapshot 6.2. Global Solar Tracker Market by Technology, Performance - Potential Analysis 6.3. Global Solar Tracker Market Estimates & Forecasts by Technology 2017-2027 (USD Billion) 6.4. Solar Tracker Market, Sub Segment Analysis 6.4.1. Solar photovoltaic 6.4.2. Concentrated solar power (CSP) 6.4.3. Concentrated photovoltaic (CPV) Chapter 7. Global Solar Tracker Market, by Application 7.1. Market Snapshot 7.2. Global Solar Tracker Market by Application, Performance - Potential Analysis 7.3. Global Solar Tracker Market Estimates & Forecasts by Application 2017-2027 (USD Billion) 7.4. Solar Tracker Market, Sub Segment Analysis 7.4.1. Utility 7.4.2. Commercial 7.4.3. Residential Chapter 8. Global Solar Tracker Market, Regional Analysis 8.1. Solar Tracker Market, Regional Market Snapshot 8.2. North America Solar Tracker Market 8.2.1. U.S. Solar Tracker Market 188.8.131.52. Product breakdown estimates & forecasts, 2017-2027 184.108.40.206. Technology breakdown estimates & forecasts, 2017-2027 220.127.116.11. Application breakdown estimates & forecasts, 2017-2027 8.2.2. Canada Solar Tracker Market 8.3. Europe Solar Tracker Market Snapshot 8.3.1. U.K. Solar Tracker Market 8.3.2. Germany Solar Tracker Market 8.3.3. France Solar Tracker Market 8.3.4. Spain Solar Tracker Market 8.3.5. Italy Solar Tracker Market 8.3.6. Rest of Europe Solar Tracker Market 8.4. Asia-Pacific Solar Tracker Market Snapshot 8.4.1. China Solar Tracker Market 8.4.2. India Solar Tracker Market 8.4.3. Japan Solar Tracker Market 8.4.4. Australia Solar Tracker Market 8.4.5. South Korea Solar Tracker Market 8.4.6. Rest of Asia Pacific Solar Tracker Market 8.5. Latin America Solar Tracker Market Snapshot 8.5.1. Brazil Solar Tracker Market 8.5.2. Mexico Solar Tracker Market 8.6. Rest of The World Solar Tracker Market Chapter 9. Competitive Intelligence 9.1. Top Market Strategies 9.2. Company Profiles 9.2.1. NEXTracker, Inc. 18.104.22.168. Key Information 22.214.171.124. Overview 126.96.36.199. Financial (Subject to Data Availability) 188.8.131.52. Industry Summary 184.108.40.206. Recent Developments 9.2.2. Array Technologies, Inc. 9.2.3. PVHardware 9.2.4. Arctech Solar 9.2.5. Soltec Trackers 9.2.6. Nclave Rrenewable SL 9.2.7. Convert Italia SpA 9.2.8. STI Norland 9.2.9. Gonvarri Steel Services 9.2.10. GameChange Solar Chapter 10. Research Process 10.1. Research Process 10.1.1. Data Mining 10.1.2. Analysis 10.1.3. Market Estimation 10.1.4. Validation 10.1.5. Publishing 10.2. Research Attributes 10.3. Research Assumption
Global Solar Tracker Market is valued approximately at USD XX billion in 2019 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2020-2027. Solar tracker is mounted on a photovoltaic (PV) device to provide improved energy production throughout the day. The PV system helps to minimize the angle of incidence between the incoming light and the panel, thus increasing the amount of energy produced. The ability of a solar tracker to produce more electricity than stationary counterparts makes it feasible to adopt it, boosting market demand. Furthermore, it has been examined that the system can increase the efficiency of solar panels from 10 % to 25% depending on the geographical location of the tracking system. Energy consumption worldwide has seen significant growth due to rapid industrialization and urbanization. Continuing concerns about rising carbon emissions, together with the introduction of favorable policies and schemes, have fueled the market size of solar technology. for instance, in January 2020, Lightsource BP, a major solar company, has reported the acquisition of approximately $ 100 million in equipment from the single-axis solar tracker maker Array Technologies. In fact, a substantial reduction in the price of parts would improve the popularity of the commodity. Moreover, Factors such as environmental pollution, rising fuel prices and increasing people’s awareness of clean energy are expected to drive the growth of the global market for solar trackers. High maintenance requirements, high costs compared to stationary counterparts, and complex fixed rack systems are expected to be the limiting factors for the global market for solar trackers. Opportunities such as government initiatives, declining design complexity, and solar tracker research are expected to boost the growth of the solar tracker market.
The regional analysis of global Solar Tracker market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America’s market share is projected to grow dramatically by 2026, led by a rise in the pace of deployment of renewable energy systems and the modernization of the current electricity grid. That government and private investment in the construction of modern solar systems in line with the increasing need for decentralized electricity production would drive the development of the industry. In addition, technological innovation in product design to improve efficiency and reduce costs will have a positive impact on market growth.
Major market player included in this report are:
Array Technologies, Inc.
Nclave Renewable S.L
Convert Italia S.p.A
Gonvarri Steel Services
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Concentrated solar power (CSP)
Concentrated photovoltaic (CPV)
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Solar Tracker Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers