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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

  • BIZ3974608
  • 200 Pages
  • July 2020
  • Energy and Power
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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:

NEXTracker, Inc.

Array Technologies, Inc.

PVHardware

Arctech Solar

Soltec Trackers

Nclave Renewable S.L

Convert Italia S.p.A

STI Norland

Gonvarri Steel Services

GameChange Solar

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:

By Product:

Single Axis

Dual Axis

By Technology:

Solar photovoltaic

Concentrated solar power (CSP)

Concentrated photovoltaic (CPV)

By Application:

Utility

Commercial

Residential

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

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

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

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

8.2.1.1. Product breakdown estimates & forecasts, 2017-2027

8.2.1.2. Technology breakdown estimates & forecasts, 2017-2027

8.2.1.3. 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.

9.2.1.1. Key Information

9.2.1.2. Overview

9.2.1.3. Financial (Subject to Data Availability)

9.2.1.4. Industry Summary

9.2.1.5. 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

TABLE 1. GLOBAL SOLAR TRACKER MARKET, REPORT SCOPE

TABLE 2. GLOBAL SOLAR TRACKER MARKET ESTIMATES & FORECASTS BY REGION 2017-2027 (USD BILLION)

TABLE 3. GLOBAL SOLAR TRACKER MARKET ESTIMATES & FORECASTS BY PRODUCT 2017-2027 (USD BILLION)

TABLE 4. GLOBAL SOLAR TRACKER MARKET ESTIMATES & FORECASTS BY TECHNOLOGY 2017-2027 (USD BILLION)

TABLE 5. GLOBAL SOLAR TRACKER MARKET ESTIMATES & FORECASTS BY APPLICATION 2017-2027 (USD BILLION)

TABLE 6. GLOBAL SOLAR TRACKER MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 7. GLOBAL SOLAR TRACKER MARKET BY REGION, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 8. GLOBAL SOLAR TRACKER MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 9. GLOBAL SOLAR TRACKER MARKET BY REGION, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 10. GLOBAL SOLAR TRACKER MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 11. GLOBAL SOLAR TRACKER MARKET BY REGION, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 12. GLOBAL SOLAR TRACKER MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 13. GLOBAL SOLAR TRACKER MARKET BY REGION, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 14. GLOBAL SOLAR TRACKER MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 15. GLOBAL SOLAR TRACKER MARKET BY REGION, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 16. GLOBAL SOLAR TRACKER MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 17. GLOBAL SOLAR TRACKER MARKET BY REGION, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 18. GLOBAL SOLAR TRACKER MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 19. GLOBAL SOLAR TRACKER MARKET BY REGION, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 20. GLOBAL SOLAR TRACKER MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 21. GLOBAL SOLAR TRACKER MARKET BY REGION, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 22. U.S. SOLAR TRACKER MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 23. U.S. SOLAR TRACKER MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 24. U.S. SOLAR TRACKER MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 25. CANADA SOLAR TRACKER MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 26. CANADA SOLAR TRACKER MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 27. CANADA SOLAR TRACKER MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 28. UK SOLAR TRACKER MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 29. UK SOLAR TRACKER MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 30. UK SOLAR TRACKER MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 31. GERMANY SOLAR TRACKER MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 32. GERMANY SOLAR TRACKER MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 33. GERMANY SOLAR TRACKER MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 34. ROE SOLAR TRACKER MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 35. ROE SOLAR TRACKER MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 36. ROE SOLAR TRACKER MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 37. CHINA SOLAR TRACKER MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 38. CHINA SOLAR TRACKER MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 39. CHINA SOLAR TRACKER MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 40. INDIA SOLAR TRACKER MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 41. INDIA SOLAR TRACKER MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 42. INDIA SOLAR TRACKER MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 43. JAPAN SOLAR TRACKER MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 44. JAPAN SOLAR TRACKER MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 45. JAPAN SOLAR TRACKER MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 46. ROAPAC SOLAR TRACKER MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 47. ROAPAC SOLAR TRACKER MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 48. ROAPAC SOLAR TRACKER MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 49. BRAZIL SOLAR TRACKER MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 50. BRAZIL SOLAR TRACKER MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 51. BRAZIL SOLAR TRACKER MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 52. MEXICO SOLAR TRACKER MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 53. MEXICO SOLAR TRACKER MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 54. MEXICO SOLAR TRACKER MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 55. ROLA SOLAR TRACKER MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 56. ROLA SOLAR TRACKER MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 57. ROLA SOLAR TRACKER MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 58. ROW SOLAR TRACKER MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 59. ROW SOLAR TRACKER MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 60. ROW SOLAR TRACKER MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 61. LIST OF SECONDARY SOURCES, USED IN THE STUDY OF GLOBAL SOLAR TRACKER MARKET

TABLE 62. LIST OF PRIMARY SOURCES, USED IN THE STUDY OF GLOBAL SOLAR TRACKER MARKET

TABLE 63. YEARS CONSIDERED FOR THE STUDY

TABLE 64. EXCHANGE RATES CONSIDERED

 
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