Solar Tracker Market Forecasts to 2028 – Global Analysis By Type (Active Solar Tracker, Passive Solar Tracker), Movement (Single Axis, Dual Axis), Application (Residential, Commercial, Industrial), and By Geography
According to Stratistics MRC, the Global Solar Tracker Market is accounted for $16.07 billion in 2020 and is expected to reach $58.79 billion by 2028 growing at a CAGR of 17.6% during the forecast period. Growing awareness about green energy and renewable sources to generate power, rising electricity demand, and growing focus on utility scale projects are the major factors propelling the market growth. However, initial requirement of heavy capital investments and lack of required infrastructure are hampering the market growth.
A solar tracker refers to the device used for orienting a solar panel or solar reflector toward the sun to harness additional sunlight. Based on the design and tracking mechanism, some of the commonly used variants include active, passive, single-axis and dual-axis trackers. The trackers are attached to the solar panels to alter their position in sync with the sun irrespective of the weather conditions. This ensures that the solar modules are correctly positioned to gather maximum solar energy and to improve the overall efficiency of the solar panels.
Based on movement, the single axis segment is estimated to have a lucrative growth due to its high reliability index, lower cost, and longer lifespan. They are specifically aligned across the north meridian and can be positioned across the cardinal direction with the help of advanced algorithms. Simple mechanism and higher efficiency are the imperative factors which will complement the industry outlook. Single-axis solar trackers take up more land as compared to fixed panels as their movement can create shadows that can affect the efficiency of neighbouring panels. Moreover, the use of single-axis trackers maximizes potential output but also come with higher capital expenditure and operating expenditure.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the rising shift towards renewables sources of energy in developing countries such as China and India. Moreover, China and Japan are the leading countries in the world in terms of using solar energy, thus promoting the regional market.
Some of the key players profiled in the Solar Tracker Market include Arctech Solar, Array Technologies, Convert Italia, Exosun, Ideematec, NEXTracker, PV Hardware, Scorpius Trackers, Solar Steel, Soltec, STi Norland, Sun Action Trackers, and SunPower.
Types Covered:
• Active Solar Tracker
• Passive Solar Tracker
Technologies Covered:
• Photovoltaic (PV)
• Concentrated Solar Power (CSP)
• Concentrated Photovoltaic (CPV)
Movements Covered:
• Single Axis
• Dual Axis
Applications Covered:
• Residential
• Commercial
• Industrial
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Solar Tracker Market, By Type
5.1 Introduction
5.2 Active Solar Tracker
5.3 Passive Solar Tracker
6 Global Solar Tracker Market, By Technology
6.1 Introduction
6.2 Photovoltaic (PV)
6.3 Concentrated Solar Power (CSP)
6.4 Concentrated Photovoltaic (CPV)
7 Global Solar Tracker Market, By Movement
7.1 Introduction
7.2 Single Axis
7.2.1 Horizontal Single Axis Trackers (HSAT)
7.2.2 Vertical Single Axis Trackers (VSAT)
7.2.3 Titled Single Axis Trackers (TSAT)
7.2.4 Polar Aligned Single Axis Trackers (PSAT)
7.3 Dual Axis
7.3.1 Tip-Tilt Dual Axis Trackers (TTDAT)
7.3.2 Azimuth-Altitude Dual Axis Trackers (AADAT)
8 Global Solar Tracker Market, By Application
8.1 Introduction
8.2 Residential
8.3 Commercial
8.4 Industrial
9 Global Solar Tracker Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Arctech Solar
11.2 Array Technologies
11.3 Convert Italia
11.4 Exosun
11.5 Ideematec
11.6 NEXTracker
11.7 PV Hardware
11.8 Scorpius Trackers
11.9 Solar Steel
11.10 Soltec
11.11 STi Norland
11.12 Sun Action Trackers
11.13 SunPower
List of Tables
1 Global Solar Tracker Market Outlook, By Region (2019-2028) ($MN)
2 Global Solar Tracker Market Outlook, By Type (2019-2028) ($MN)
3 Global Solar Tracker Market Outlook, By Active Solar Tracker (2019-2028) ($MN)
4 Global Solar Tracker Market Outlook, By Passive Solar Tracker (2019-2028) ($MN)
5 Global Solar Tracker Market Outlook, By Technology (2019-2028) ($MN)
6 Global Solar Tracker Market Outlook, By Photovoltaic (PV) (2019-2028) ($MN)
7 Global Solar Tracker Market Outlook, By Concentrated Solar Power (CSP) (2019-2028) ($MN)
8 Global Solar Tracker Market Outlook, By Concentrated Photovoltaic (CPV) (2019-2028) ($MN)
9 Global Solar Tracker Market Outlook, By Movement (2019-2028) ($MN)
10 Global Solar Tracker Market Outlook, By Single Axis (2019-2028) ($MN)
11 Global Solar Tracker Market Outlook, By Horizontal Single Axis Trackers (HSAT) (2019-2028) ($MN)
12 Global Solar Tracker Market Outlook, By Vertical Single Axis Trackers (VSAT) (2019-2028) ($MN)
13 Global Solar Tracker Market Outlook, By Titled Single Axis Trackers (TSAT) (2019-2028) ($MN)
14 Global Solar Tracker Market Outlook, By Polar Aligned Single Axis Trackers (PSAT) (2019-2028) ($MN)
15 Global Solar Tracker Market Outlook, By Dual Axis (2019-2028) ($MN)
16 Global Solar Tracker Market Outlook, By Tip-Tilt Dual Axis Trackers (TTDAT) (2019-2028) ($MN)
17 Global Solar Tracker Market Outlook, By Azimuth-Altitude Dual Axis Trackers (AADAT) (2019-2028) ($MN)
18 Global Solar Tracker Market Outlook, By Application (2019-2028) ($MN)
19 Global Solar Tracker Market Outlook, By Residential (2019-2028) ($MN)
20 Global Solar Tracker Market Outlook, By Commercial (2019-2028) ($MN)
21 Global Solar Tracker Market Outlook, By Industrial (2019-2028) ($MN)
22 North America Solar Tracker Market Outlook, By Country (2019-2028) ($MN)
23 North America Solar Tracker Market Outlook, By Type (2019-2028) ($MN)
24 North America Solar Tracker Market Outlook, By Active Solar Tracker (2019-2028) ($MN)
25 North America Solar Tracker Market Outlook, By Passive Solar Tracker (2019-2028) ($MN)
26 North America Solar Tracker Market Outlook, By Technology (2019-2028) ($MN)
27 North America Solar Tracker Market Outlook, By Photovoltaic (PV) (2019-2028) ($MN)
28 North America Solar Tracker Market Outlook, By Concentrated Solar Power (CSP) (2019-2028) ($MN)
29 North America Solar Tracker Market Outlook, By Concentrated Photovoltaic (CPV) (2019-2028) ($MN)
30 North America Solar Tracker Market Outlook, By Movement (2019-2028) ($MN)
31 North America Solar Tracker Market Outlook, By Single Axis (2019-2028) ($MN)
32 North America Solar Tracker Market Outlook, By Horizontal Single Axis Trackers (HSAT) (2019-2028) ($MN)
33 North America Solar Tracker Market Outlook, By Vertical Single Axis Trackers (VSAT) (2019-2028) ($MN)
34 North America Solar Tracker Market Outlook, By Titled Single Axis Trackers (TSAT) (2019-2028) ($MN)
35 North America Solar Tracker Market Outlook, By Polar Aligned Single Axis Trackers (PSAT) (2019-2028) ($MN)
36 North America Solar Tracker Market Outlook, By Dual Axis (2019-2028) ($MN)
37 North America Solar Tracker Market Outlook, By Tip-Tilt Dual Axis Trackers (TTDAT) (2019-2028) ($MN)
38 North America Solar Tracker Market Outlook, By Azimuth-Altitude Dual Axis Trackers (AADAT) (2019-2028) ($MN)
39 North America Solar Tracker Market Outlook, By Application (2019-2028) ($MN)
40 North America Solar Tracker Market Outlook, By Residential (2019-2028) ($MN)
41 North America Solar Tracker Market Outlook, By Commercial (2019-2028) ($MN)
42 North America Solar Tracker Market Outlook, By Industrial (2019-2028) ($MN)
43 Europe Solar Tracker Market Outlook, By Country (2019-2028) ($MN)
44 Europe Solar Tracker Market Outlook, By Type (2019-2028) ($MN)
45 Europe Solar Tracker Market Outlook, By Active Solar Tracker (2019-2028) ($MN)
46 Europe Solar Tracker Market Outlook, By Passive Solar Tracker (2019-2028) ($MN)
47 Europe Solar Tracker Market Outlook, By Technology (2019-2028) ($MN)
48 Europe Solar Tracker Market Outlook, By Photovoltaic (PV) (2019-2028) ($MN)
49 Europe Solar Tracker Market Outlook, By Concentrated Solar Power (CSP) (2019-2028) ($MN)
50 Europe Solar Tracker Market Outlook, By Concentrated Photovoltaic (CPV) (2019-2028) ($MN)
51 Europe Solar Tracker Market Outlook, By Movement (2019-2028) ($MN)
52 Europe Solar Tracker Market Outlook, By Single Axis (2019-2028) ($MN)
53 Europe Solar Tracker Market Outlook, By Horizontal Single Axis Trackers (HSAT) (2019-2028) ($MN)
54 Europe Solar Tracker Market Outlook, By Vertical Single Axis Trackers (VSAT) (2019-2028) ($MN)
55 Europe Solar Tracker Market Outlook, By Titled Single Axis Trackers (TSAT) (2019-2028) ($MN)
56 Europe Solar Tracker Market Outlook, By Polar Aligned Single Axis Trackers (PSAT) (2019-2028) ($MN)
57 Europe Solar Tracker Market Outlook, By Dual Axis (2019-2028) ($MN)
58 Europe Solar Tracker Market Outlook, By Tip-Tilt Dual Axis Trackers (TTDAT) (2019-2028) ($MN)
59 Europe Solar Tracker Market Outlook, By Azimuth-Altitude Dual Axis Trackers (AADAT) (2019-2028) ($MN)
60 Europe Solar Tracker Market Outlook, By Application (2019-2028) ($MN)
61 Europe Solar Tracker Market Outlook, By Residential (2019-2028) ($MN)
62 Europe Solar Tracker Market Outlook, By Commercial (2019-2028) ($MN)
63 Europe Solar Tracker Market Outlook, By Industrial (2019-2028) ($MN)
64 Asia Pacific Solar Tracker Market Outlook, By Country (2019-2028) ($MN)
65 Asia Pacific Solar Tracker Market Outlook, By Type (2019-2028) ($MN)
66 Asia Pacific Solar Tracker Market Outlook, By Active Solar Tracker (2019-2028) ($MN)
67 Asia Pacific Solar Tracker Market Outlook, By Passive Solar Tracker (2019-2028) ($MN)
68 Asia Pacific Solar Tracker Market Outlook, By Technology (2019-2028) ($MN)
69 Asia Pacific Solar Tracker Market Outlook, By Photovoltaic (PV) (2019-2028) ($MN)
70 Asia Pacific Solar Tracker Market Outlook, By Concentrated Solar Power (CSP) (2019-2028) ($MN)
71 Asia Pacific Solar Tracker Market Outlook, By Concentrated Photovoltaic (CPV) (2019-2028) ($MN)
72 Asia Pacific Solar Tracker Market Outlook, By Movement (2019-2028) ($MN)
73 Asia Pacific Solar Tracker Market Outlook, By Single Axis (2019-2028) ($MN)
74 Asia Pacific Solar Tracker Market Outlook, By Horizontal Single Axis Trackers (HSAT) (2019-2028) ($MN)
75 Asia Pacific Solar Tracker Market Outlook, By Vertical Single Axis Trackers (VSAT) (2019-2028) ($MN)
76 Asia Pacific Solar Tracker Market Outlook, By Titled Single Axis Trackers (TSAT) (2019-2028) ($MN)
77 Asia Pacific Solar Tracker Market Outlook, By Polar Aligned Single Axis Trackers (PSAT) (2019-2028) ($MN)
78 Asia Pacific Solar Tracker Market Outlook, By Dual Axis (2019-2028) ($MN)
79 Asia Pacific Solar Tracker Market Outlook, By Tip-Tilt Dual Axis Trackers (TTDAT) (2019-2028) ($MN)
80 Asia Pacific Solar Tracker Market Outlook, By Azimuth-Altitude Dual Axis Trackers (AADAT) (2019-2028) ($MN)
81 Asia Pacific Solar Tracker Market Outlook, By Application (2019-2028) ($MN)
82 Asia Pacific Solar Tracker Market Outlook, By Residential (2019-2028) ($MN)
83 Asia Pacific Solar Tracker Market Outlook, By Commercial (2019-2028) ($MN)
84 Asia Pacific Solar Tracker Market Outlook, By Industrial (2019-2028) ($MN)
85 South America Solar Tracker Market Outlook, By Country (2019-2028) ($MN)
86 South America Solar Tracker Market Outlook, By Type (2019-2028) ($MN)
87 South America Solar Tracker Market Outlook, By Active Solar Tracker (2019-2028) ($MN)
88 South America Solar Tracker Market Outlook, By Passive Solar Tracker (2019-2028) ($MN)
89 South America Solar Tracker Market Outlook, By Technology (2019-2028) ($MN)
90 South America Solar Tracker Market Outlook, By Photovoltaic (PV) (2019-2028) ($MN)
91 South America Solar Tracker Market Outlook, By Concentrated Solar Power (CSP) (2019-2028) ($MN)
92 South America Solar Tracker Market Outlook, By Concentrated Photovoltaic (CPV) (2019-2028) ($MN)
93 South America Solar Tracker Market Outlook, By Movement (2019-2028) ($MN)
94 South America Solar Tracker Market Outlook, By Single Axis (2019-2028) ($MN)
95 South America Solar Tracker Market Outlook, By Horizontal Single Axis Trackers (HSAT) (2019-2028) ($MN)
96 South America Solar Tracker Market Outlook, By Vertical Single Axis Trackers (VSAT) (2019-2028) ($MN)
97 South America Solar Tracker Market Outlook, By Titled Single Axis Trackers (TSAT) (2019-2028) ($MN)
98 South America Solar Tracker Market Outlook, By Polar Aligned Single Axis Trackers (PSAT) (2019-2028) ($MN)
99 South America Solar Tracker Market Outlook, By Dual Axis (2019-2028) ($MN)
100 South America Solar Tracker Market Outlook, By Tip-Tilt Dual Axis Trackers (TTDAT) (2019-2028) ($MN)
101 South America Solar Tracker Market Outlook, By Azimuth-Altitude Dual Axis Trackers (AADAT) (2019-2028) ($MN)
102 South America Solar Tracker Market Outlook, By Application (2019-2028) ($MN)
103 South America Solar Tracker Market Outlook, By Residential (2019-2028) ($MN)
104 South America Solar Tracker Market Outlook, By Commercial (2019-2028) ($MN)
105 South America Solar Tracker Market Outlook, By Industrial (2019-2028) ($MN)
106 Middle East & Africa Solar Tracker Market Outlook, By Country (2019-2028) ($MN)
107 Middle East & Africa Solar Tracker Market Outlook, By Type (2019-2028) ($MN)
108 Middle East & Africa Solar Tracker Market Outlook, By Active Solar Tracker (2019-2028) ($MN)
109 Middle East & Africa Solar Tracker Market Outlook, By Passive Solar Tracker (2019-2028) ($MN)
110 Middle East & Africa Solar Tracker Market Outlook, By Technology (2019-2028) ($MN)
111 Middle East & Africa Solar Tracker Market Outlook, By Photovoltaic (PV) (2019-2028) ($MN)
112 Middle East & Africa Solar Tracker Market Outlook, By Concentrated Solar Power (CSP) (2019-2028) ($MN)
113 Middle East & Africa Solar Tracker Market Outlook, By Concentrated Photovoltaic (CPV) (2019-2028) ($MN)
114 Middle East & Africa Solar Tracker Market Outlook, By Movement (2019-2028) ($MN)
115 Middle East & Africa Solar Tracker Market Outlook, By Single Axis (2019-2028) ($MN)
116 Middle East & Africa Solar Tracker Market Outlook, By Horizontal Single Axis Trackers (HSAT) (2019-2028) ($MN)
117 Middle East & Africa Solar Tracker Market Outlook, By Vertical Single Axis Trackers (VSAT) (2019-2028) ($MN)
118 Middle East & Africa Solar Tracker Market Outlook, By Titled Single Axis Trackers (TSAT) (2019-2028) ($MN)
119 Middle East & Africa Solar Tracker Market Outlook, By Polar Aligned Single Axis Trackers (PSAT) (2019-2028) ($MN)
120 Middle East & Africa Solar Tracker Market Outlook, By Dual Axis (2019-2028) ($MN)
121 Middle East & Africa Solar Tracker Market Outlook, By Tip-Tilt Dual Axis Trackers (TTDAT) (2019-2028) ($MN)
122 Middle East & Africa Solar Tracker Market Outlook, By Azimuth-Altitude Dual Axis Trackers (AADAT) (2019-2028) ($MN)
123 Middle East & Africa Solar Tracker Market Outlook, By Application (2019-2028) ($MN)
124 Middle East & Africa Solar Tracker Market Outlook, By Residential (2019-2028) ($MN)
125 Middle East & Africa Solar Tracker Market Outlook, By Commercial (2019-2028) ($MN)
126 Middle East & Africa Solar Tracker Market Outlook, By Industrial (2019-2028) ($MN)
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