Solar Tracker Market by Axis Type, Type, Application, Region

Description

List of Tables

The solar tracker market is estimated to reach USD 22.87 billion by 2029 from an estimated value of USD 10.32 billion in 2024, at a CAGR of 17.3% during the forecast period. The Solar Tracker Market is driven by advancements in AI-enabled tracking systems, increasing demand for optimized land use, and the integration of bifacial solar modules. Enhanced durability and reduced maintenance costs make trackers more viable. Additionally, growing emphasis on energy resilience and climate targets prompts greater adoption in disaster-prone and remote regions, fueling overall market expansion.

Scope of the Report
Years Considered for the Study	2022-2029
Base Year	2023
Forecast Period	2024-2029
Units Considered	Value (USD Million/Billion)
Segments	Axis Type, Grid Type, Application, and Region
Regions covered	North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

"Utility segment held larger share of solar tracker market based on application"

The utility segment held a larger share of the solar tracker market in 2023 due to the increasing deployment of large-scale solar power plants to meet growing electricity demand and achieve clean energy targets. Utilities are rapidly adopting solar trackers to maximize energy yield and improve project economics, especially in regions with high solar irradiation. Government incentives, power purchase agreements (PPAs), and favorable grid integration policies are further encouraging investments in utility-scale solar projects. Additionally, the declining cost of solar technology, combined with advancements in tracker design, is making utility-scale projects more efficient and financially viable. Utilities also benefit from economies of scale, which enhance cost-effectiveness and operational efficiency. With the rising need for decarbonization and energy diversification, the utility segment continues to contribute globally to solar tracker installations.

"Single-axis solar trackers to lead market based on axis type"

The single-axis segment continues to hold a strong position in the solar tracker market due to its cost-effectiveness, ease of installation, and proven efficiency in utility-scale solar projects. It allows solar panels to follow the sun's path from east to west, significantly improving energy output compared to fixed-tilt systems. Single-axis trackers are especially suitable for large ground-mounted installations, where maximizing land use and power generation is crucial. Their relatively low operational and maintenance costs make them attractive for investors seeking high returns. Growing adoption in emerging markets, favorable government policies, and increasing demand for renewable energy further accelerate their deployment. As solar energy becomes a cornerstone of global energy strategies, the single-axis tracker segment is expected to maintain its strong market presence, especially in high-solar-radiation regions.

"North America to record second-highest CAGR in solar tracker market"

North America is expected to record the second-highest CAGR in the solar tracker market, driven by supportive policies, technological advancements, and increasing demand for renewable energy. The United States and Canada are leading this growth through substantial investments in utility-scale solar projects, backed by federal and state-level incentives, tax credits, and renewable energy mandates. The adoption of single-axis trackers, particularly in Texas and California, has become prevalent due to their cost-effectiveness and ability to enhance energy yield. Furthermore, integrating bifacial solar modules with tracking systems is gaining traction, offering improved efficiency and reduced levelized cost of electricity (LCOE). The region's focus on grid modernization and the expansion of smart grid infrastructure also contributes to the increased deployment of solar trackers. Additionally, the presence of key industry players and ongoing research and development efforts foster innovation and drive the market. As North America prioritizes clean energy transitions, the solar tracker market is poised for significant growth in the coming years.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and assess future market prospects. The distribution of primary interviews is as follows:

By Company Type: Tier 1 - 40%, Tier 2 - 33%, and Tier 3 - 27%

By Designation: C-Level Executives - 50%, Directors - 30%, and Other Designations- 20%

By Region: North America - 15%, Europe - 30%, Asia Pacific - 40%, Latin America - 10%, and Middle East & Africa - 5%

Note: Other designations include product engineers, product specialists, and engineering leads.

The tiers of the companies are defined based on their total revenues as of 2023. Tier 1: >USD 1 billion, Tier 2: from USD 500 million to USD 1 billion, and Tier 3: <USD 500 million.

A few major players with a wide regional presence dominate the solar tracker market. The leading players in solar tracker market are Nextracker Inc. (US), Array Technologies Inc. (Mexico), PVHardware (Spain), Soltec (US), Gamechanger Solar (US), ARCTECH (China), FTC Solar (US), Valmont Industries, Inc. (US), All Earth Renewables (UK), Xiamen Grace Solar New Energy Technology Co., Ltd. (China), Sun Action Trackers (US), Trinasolar (China), ADES TEMPERO GROUP (Spain), Aivatechnology (US), and ArcelorMittal (Luxembourg),

Research Coverage:

The report defines, describes, and forecasts the solar tracker market by axis type and application for various regions. It also offers detailed qualitative and quantitative analyses of the market. The report comprehensively reviews the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the solar tracker market.

Key Benefits of Buying Report

The solar tracker market is driven by the global transition to renewable energy, growing demand for high-efficiency solar power systems, and the pressing need to optimize energy output from photovoltaic installations. As utility-scale solar projects expand, solar trackers play a crucial role in enhancing power generation by adjusting panel orientation to follow the sun's path. Increasing government support, favorable policies, and feed-in tariffs encourage solar adoption across developed and emerging economies. Additionally, integrating smart technologies, declining solar component costs, and the push to reduce the levelized cost of electricity (LCOE) are accelerating tracker deployment. The expansion of grid-connected solar farms, the growing demand for electricity, and the rising emphasis on sustainable infrastructure development further boost the market. With a strong focus on improving solar plant efficiency and maximizing return on investment, solar trackers have become a key component in the clean energy transition, driving market growth.
Product Development/Innovation: The solar tracker market is centered on advancing precision, automation, and durability in tracking technologies to enhance solar energy output. Companies are developing smart tracking systems with real-time weather adaptation, machine learning algorithms, and remote monitoring capabilities to optimize panel orientation. Innovations include robust dual-axis trackers for higher yield and terrain-adaptive single-axis systems for challenging landscapes. Integration of IoT and AI enables predictive maintenance, reducing downtime and operational costs. Materials innovations focus on corrosion resistance and lightweight designs to extend system lifespan. These product developments ensure greater energy efficiency and play a vital role in accelerating solar adoption globally.
Market Development: In April 2024, Nextracker launched the Industry's first low-carbon solar tracker solution, the NX Horizon solar tracker system.
Market Diversification: Array Technologies Inc. and Alupco AStrategic partnered to meet the growing demand for renewable energy in the Middle East.
Competitive Assessment: Assessment of rankings - some key players, including Nextracker Inc. (US), Array Technologies Inc. (Mexico), PVHardware (Spain), Soltec (US), Gamechange Solar (US), ARCTECH (China), FTC Solar (US), Valmont Industries, Inc. (US), All Earth Renewables (UK), Xiamen Grace Solar New Energy Technology Co., Ltd. (China), and Sun Action Trackers (US).

Product Code: EP 9379

1 INTRODUCTION

1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
- 1.3.1 MARKETS COVERED AND REGIONAL SCOPE
- 1.3.2 INCLUSIONS AND EXCLUSIONS
- 1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 LIMITATIONS
1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY

2.1 RESEARCH DATA
- 2.1.1 PRIMARY AND SECONDARY DATA
  - 2.1.1.1 Key data from secondary sources
- 2.1.2 PRIMARY DATA
  - 2.1.2.1 Key data from primary sources
  - 2.1.2.2 List of primary interview participants
  - 2.1.2.3 Breakdown of primary interviews
  - 2.1.2.4 Key data from primary sources
2.2 MARKET SIZE ESTIMATION
- 2.2.1 BOTTOM-UP APPROACH
- 2.2.2 TOP-DOWN APPROACH
- 2.2.3 SUPPLY-SIDE CALCULATIONS
- 2.2.4 SUPPLY-SIDE ASSUMPTIONS
- 2.2.5 DEMAND-SIDE CALCULATIONS
- 2.2.6 DEMAND-SIDE ASSUMPTIONS
2.3 FORECAST MARKET SIZE ESTIMATION
2.4 DATA TRIANGULATION
2.5 FACTOR ANALYSIS
2.6 RESEARCH ASSUMPTIONS
2.7 GROWTH FORECAST
2.8 RESEARCH LIMITATIONS
2.9 RISK ANALYSIS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS INSOLAR TRACKER MARKET
4.2 SOLAR TRACKER MARKET, BY REGION
4.3 SOLAR TRACKER MARKET, BY TYPE
4.4 SOLAR TRACKER MARKET, BY AXIS TYPE
4.5 SOLAR TRACKER MARKET, BY APPLICATION

5 MARKET OVERVIEW

5.1 INTRODUCTION
5.2 MARKET DYNAMICS
- 5.2.1 DRIVERS
  - 5.2.1.1 Government incentives and strategic partnerships to achieve clean energy targets
  - 5.2.1.2 Efficiency gains and technological evolution in solar tracking
- 5.2.2 RESTRAINTS
  - 5.2.2.1 Higher initial costs
  - 5.2.2.2 Complex installation process
- 5.2.3 OPPORTUNITIES
  - 5.2.3.1 Increasing focus on enhancing grid stability and dependability
  - 5.2.3.2 Surging use in rooftop and utility-scale projects due to design flexibility
- 5.2.4 CHALLENGES
  - 5.2.4.1 High maintenance requirements
  - 5.2.4.2 Significant energy consumption
  - 5.2.4.3 Regularity and permitting challenges
5.3 PORTER'S FIVE FORCES ANALYSIS
- 5.3.1 THREAT OF NEW ENTRANTS
- 5.3.2 THREAT OF SUBSTITUTES
- 5.3.3 BARGAINING POWER OF SUPPLIERS
- 5.3.4 BARGAINING POWER OF BUYERS
- 5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 KEY STAKEHOLDERS AND BUYING CRITERIA
- 5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS
- 5.4.2 BUYING CRITERIA
5.5 SUPPLY CHAIN ANALYSIS
5.6 TRADE ANALYSIS
- 5.6.1 HS CODE 854143
  - 5.6.1.1 Export scenario
  - 5.6.1.2 Import scenario
- 5.6.2 HS CODE 854142
  - 5.6.2.1 Export scenario
  - 5.6.2.2 Import scenario
5.7 PATENT ANALYSIS
- 5.7.1 INTRODUCTION
- 5.7.2 METHODOLOGY
- 5.7.3 INSIGHTS
- 5.7.4 JURISDICTION ANALYSIS
- 5.7.5 TOP APPLICANTS
- 5.7.6 PATENTS BY NEXTRACKER INC., 2023
- 5.7.7 PATENTS BY SOLTEC INNOVATIONS SL, 2023
- 5.7.8 PATENTS BY ARRAY TECHNOLOGIES, INC., 2022-2023
5.8 REGULATORY LANDSCAPE
- 5.8.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.9 KEY CONFERENCES AND EVENTS, 2024-2025
5.10 CASE STUDY ANALYSIS
- 5.10.1 SHARP HELPED BIG C SUPERMARKET (THAILAND) WITH INSTALLATION OF ROOFTOP SOLAR PANELS
- 5.10.2 HEWLETT PACKARD (HP) INSTALLED SOLAR PANELS ON ITS ROOFTOPS WITH HELP OF SHARP (JAPAN)
5.11 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS

6 TECHNOLOGIES USED IN SOLAR TRACKERS

6.1 INTRODUCTION
6.2 SOLAR PHOTOVOLTAIC
6.3 CONCENTRATED PHOTOVOLTAIC

7 SOLAR TRACKER MARKET, BY TYPE

7.1 INTRODUCTION
7.2 GRID-CONNECTED
- 7.2.1 SMALLER INITIAL INVESTMENTS OFFERING FINANCIAL BENEFITS TO SPIKE DEMAND
7.3 OFF-GRID
- 7.3.1 ABILITY TO MEET DEMANDS OF REMOTE INDUSTRIAL, RESIDENTIAL, AND SPECIALIZED APPLICATIONS TO FUEL SEGMENTAL GROWTH

8 SOLAR TRACKER MARKET, BY AXIS TYPE

8.1 INTRODUCTION
8.2 SINGLE-AXIS
- 8.2.1 COST-EFFECTIVENESS AND EASE OF MAINTENANCE TO ACCELERATE DEMAND
8.3 DUAL-AXIS
- 8.3.1 SUBSTANTIAL DEMAND FOR CLEAN ENERGY TO DRIVE MARKET

9 SOLAR TRACKER MARKET, BY APPLICATION

9.1 INTRODUCTION
9.2 UTILITY
- 9.2.1 NEED TO MAXIMIZE ENERGY GENERATION AND OPTIMIZE LAND USAGE EFFICIENCY TO BOOST DEMAND
9.3 NON-UTILITY
- 9.3.1 HIGH INSTALLATIONS IN RESIDENTIAL AND INDUSTRIAL SETUPS TO DRIVE MARKET

10 SOLAR TRACKER MARKET, BY REGION

10.1 INTRODUCTION
10.2 NORTH AMERICA
- 10.2.1 US
  - 10.2.1.1 Federal policies boosting solar energy integration to drive market
- 10.2.2 CANADA
  - 10.2.2.1 Commitment toward reducing GHG emissions and transitioning to renewable energy sources to create opportunities
- 10.2.3 MEXICO
  - 10.2.3.1 Abundant solar resources and ambitious renewable energy goals to boost demand
10.3 EUROPE
- 10.3.1 GERMANY
  - 10.3.1.1 Government policies and initiatives to establish solar plants to support market growth
- 10.3.2 ITALY
  - 10.3.2.1 Targets for emission reductions and energy efficiency to contribute to market growth
- 10.3.3 SPAIN
  - 10.3.3.1 Energy transformation targets to support market growth
- 10.3.4 REST OF EUROPE
10.4 ASIA PACIFIC
- 10.4.1 CHINA
  - 10.4.1.1 Extensive deployment of solar energy projects to drive market
- 10.4.2 INDIA
  - 10.4.2.1 Government initiatives and generous subsidies to propel market
- 10.4.3 JAPAN
  - 10.4.3.1 Substantial investment in large-scale solar projects to create opportunities
- 10.4.4 AUSTRALIA & NEW ZEALAND ESTATE
  - 10.4.4.1 Significant demand for solar trackers from commercial & industrial applications to foster market growth
- 10.4.5 SOUTH KOREA
  - 10.4.5.1 Government's commitment to expand renewable energy infrastructure to boost demand
- 10.4.6 REST OF ASIA PACIFIC
10.5 LATIN AMERICA
- 10.5.1 BRAZIL
  - 10.5.1.1 Greater emphasis on federal government policies on promoting solar energy to meet fuel demand
- 10.5.2 REST OF LATIN AMERICA
10.6 MIDDLE EAST & AFRICA
- 10.6.1 SAUDI ARABIA
  - 10.6.1.1 Clean energy initiatives to contribute to market growth
- 10.6.2 REST OF MIDDLE EAST & AFRICA

11 COMPETITIVE LANDSCAPE

11.1 OVERVIEW
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2019-2024
11.3 REVENUE ANALYSIS, 2021-2023
11.4 MARKET SHARE ANALYSIS, 2023
11.5 COMPANY FINANCIAL METRICS
11.6 BRAND/PRODUCT COMPARISON
11.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
- 11.7.1 STARS
- 11.7.2 EMERGING LEADERS
- 11.7.3 PERVASIVE PLAYERS
- 11.7.4 PARTICIPANTS
- 11.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
  - 11.7.5.1 Company footprint
  - 11.7.5.2 Region footprint
  - 11.7.5.3 Axis type footprint
  - 11.7.5.4 Application footprint
11.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
- 11.8.1 PROGRESSIVE COMPANIES
- 11.8.2 RESPONSIVE COMPANIES
- 11.8.3 DYNAMIC COMPANIES
- 11.8.4 STARTING BLOCKS
- 11.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
  - 11.8.5.1 Detailed list of key startups/SMEs
  - 11.8.5.2 Competitive benchmarking of key startups/SMEs
11.9 COMPETITIVE SCENARIO
- 11.9.1 PRODUCT LAUNCHES
- 11.9.2 DEALS
- 11.9.3 EXPANSIONS

12 COMPANY PROFILES

12.1 KEY COMPANIES
- 12.1.1 NEXTRACKER INC.
  - 12.1.1.1 Business overview
  - 12.1.1.2 Products/Solutions/Services offered
  - 12.1.1.3 Recent developments
    - 12.1.1.3.1 Product launches
    - 12.1.1.3.2 Deals
    - 12.1.1.3.3 Expansions
  - 12.1.1.4 MnM view
    - 12.1.1.4.1 Key strengths/Right to win
    - 12.1.1.4.2 Strategic choices
    - 12.1.1.4.3 Weaknesses/Competitive threats
- 12.1.2 ARRAY TECHNOLOGIES, INC.
  - 12.1.2.1 Business overview
  - 12.1.2.2 Products/Solutions/Services offered
  - 12.1.2.3 Recent developments
    - 12.1.2.3.1 Deals
  - 12.1.2.4 MnM view
    - 12.1.2.4.1 Key strengths/Right to win
    - 12.1.2.4.2 Strategic choices
    - 12.1.2.4.3 Weaknesses/Competitive threats
- 12.1.3 PVHARDWARE
  - 12.1.3.1 Business overview
  - 12.1.3.2 Products/Solutions/Services offered
  - 12.1.3.3 Recent developments
    - 12.1.3.3.1 Deals
  - 12.1.3.4 MnM view
    - 12.1.3.4.1 Key strengths/Right to win
    - 12.1.3.4.2 Strategic choices
    - 12.1.3.4.3 Weaknesses/Competitive threats
- 12.1.4 SOLTEC
  - 12.1.4.1 Business overview
  - 12.1.4.2 Products/Solutions/Services offered
  - 12.1.4.3 Recent developments
    - 12.1.4.3.1 Product launches
    - 12.1.4.3.2 Deals
  - 12.1.4.4 MnM view
    - 12.1.4.4.1 Key strengths/Right to win
    - 12.1.4.4.2 Strategic choices
    - 12.1.4.4.3 Weaknesses/Competitive threats
- 12.1.5 GAMECHANGE SOLAR
  - 12.1.5.1 Business overview
  - 12.1.5.2 Products/Solutions/Services offered
  - 12.1.5.3 Recent developments
    - 12.1.5.3.1 Deals
    - 12.1.5.3.2 Expansions
  - 12.1.5.4 MnM view
    - 12.1.5.4.1 Key strengths/Right to win
    - 12.1.5.4.2 Strategic choices
    - 12.1.5.4.3 Weaknesses/Competitive threats
- 12.1.6 ARCTECH
  - 12.1.6.1 Business overview
  - 12.1.6.2 Products/Solutions/Services offered
  - 12.1.6.3 Recent developments
    - 12.1.6.3.1 Deals
  - 12.1.6.4 MnM view
    - 12.1.6.4.1 Key strengths/Right to win
    - 12.1.6.4.2 Strategic choices
    - 12.1.6.4.3 Weaknesses/Competitive threats
- 12.1.7 FTC SOLAR
  - 12.1.7.1 Business overview
  - 12.1.7.2 Products/Solutions/Services offered
  - 12.1.7.3 Recent developments
    - 12.1.7.3.1 Product launches
    - 12.1.7.3.2 Deals
  - 12.1.7.4 MnM views
    - 12.1.7.4.1 Key strengths/Right to win
    - 12.1.7.4.2 Strategic choices
    - 12.1.7.4.3 Weaknesses/Competitive threats
- 12.1.8 VALMONT INDUSTRIES, INC.
  - 12.1.8.1 Business overview
  - 12.1.8.2 Products/Solutions/Services offered
  - 12.1.8.3 Recent developments
    - 12.1.8.3.1 Deals
  - 12.1.8.4 MnM view
    - 12.1.8.4.1 Key strengths/Right to win
    - 12.1.8.4.2 Strategic choices
    - 12.1.8.4.3 Weaknesses/Competitive threats
- 12.1.9 ALL EARTH RENEWABLES
  - 12.1.9.1 Business overview
  - 12.1.9.2 Products/Solutions/Services offered
  - 12.1.9.3 MnM view
    - 12.1.9.3.1 Key strengths/Right to win
    - 12.1.9.3.2 Strategic choices
    - 12.1.9.3.3 Weaknesses/Competitive threats
- 12.1.10 XIAMEN GRACE SOLAR NEW ENERGY TECHNOLOGY CO., LTD.
  - 12.1.10.1 Business overview
  - 12.1.10.2 Products/Solutions/Services offered
  - 12.1.10.3 MnM view
    - 12.1.10.3.1 Key strengths/Right to win
    - 12.1.10.3.2 Strategic choices
    - 12.1.10.3.3 Weaknesses/Competitive threats
- 12.1.11 SUN ACTION TRACKERS
  - 12.1.11.1 Business overview
  - 12.1.11.2 Products/Solutions/Services offered
  - 12.1.11.3 MnM view
    - 12.1.11.3.1 Key strengths/Right to win
    - 12.1.11.3.2 Strategic choices
    - 12.1.11.3.3 Weaknesses/Competitive threats
- 12.1.12 TRINASOLAR
  - 12.1.12.1 Business overview
  - 12.1.12.2 Products/Solutions/Services offered
  - 12.1.12.3 Recent developments
    - 12.1.12.3.1 Deals
  - 12.1.12.4 MnM view
    - 12.1.12.4.1 Key strengths/Right to win
    - 12.1.12.4.2 Strategic choices
    - 12.1.12.4.3 Weaknesses/Competitive threats
- 12.1.13 ADES TEMPERO GROUP
  - 12.1.13.1 Business overview
  - 12.1.13.2 Products/Solutions/Services offered
  - 12.1.13.3 MnM view
    - 12.1.13.3.1 Key strengths/Right to win
    - 12.1.13.3.2 Strategic choices
    - 12.1.13.3.3 Weaknesses/Competitive threats
- 12.1.14 AIVATECHOLOGY
  - 12.1.14.1 Business overview
  - 12.1.14.2 Products/Solutions/Services offered
  - 12.1.14.3 MnM view
    - 12.1.14.3.1 Key strengths/Right to win
    - 12.1.14.3.2 Strategic choices
    - 12.1.14.3.3 Weaknesses/Competitive threats
- 12.1.15 ARCELORMITTAL
  - 12.1.15.1 Business overview
  - 12.1.15.2 Products/Solutions/Services offered
  - 12.1.15.3 MnM view
    - 12.1.15.3.1 Key strengths/Right to win
    - 12.1.15.3.2 Strategic choices
    - 12.1.15.3.3 Weaknesses/Competitive threats
12.2 OTHER PLAYERS
- 12.2.1 GONVARRI SOLAR STEEL
- 12.2.2 MECASOLAR
- 12.2.3 ASUN TRACKERS PVT. LTD.
- 12.2.4 ATEC ROBOTICS
- 12.2.5 SHANDONG ZHAORI NEW ENERGY TECH. CO., LTD.
- 12.2.6 ENERGY XPRT
- 12.2.7 OPTIMUM-TRACKER
- 12.2.8 TRACKERS FEINA S.L.
- 12.2.9 FLEXRACK BY QCELLS, LLC
- 12.2.10 SOLARGIK LTD.

13 APPENDIX

13.1 DISCUSSION GUIDE
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
13.3 CUSTOMIZATION OPTIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS

Product Code: EP 9379

List of Tables

TABLE 1 KEY PRIMARY INTERVIEW PARTICIPANTS
TABLE 2 SOLAR TRACKER MARKET SNAPSHOT
TABLE 3 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION
TABLE 4 KEY BUYING CRITERIA FOR SOLAR TRACKER APPLICATIONS
TABLE 5 EXPORT DATA FOR HS CODE 854143-COMPLIANT PRODUCTS, BY COUNTRY, 2022-2023 (USD THOUSAND)
TABLE 6 IMPORT DATA FOR HS CODE 854143-COMPLIANT PRODUCTS, BY COUNTRY, 2022-2023 (USD THOUSAND)
TABLE 7 EXPORT DATA FOR HS CODE 854142-COMPLIANT PRODUCTS, BY COUNTRY, 2022-2023 (USD THOUSAND)
TABLE 8 IMPORT DATA FOR HS CODE 854142-COMPLIANT PRODUCTS, BY COUNTRY, 2022-2023 (USD THOUSAND)
TABLE 9 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 SOLAR TRACKER MARKET: LIST OF MAJOR CONFERENCES AND EVENTS, 2024-2025
TABLE 14 SOLAR TRACKER MARKET, BY TYPE, 2022-2029 (USD MILLION)
TABLE 15 GRID-CONNECTED: SOLAR TRACKER MARKET, BY REGION, 2022-2029 (USD MILLION)
TABLE 16 OFF-GRID: SOLAR TRACKER MARKET, BY REGION, 2022-2029 (USD MILLION)
TABLE 17 SOLAR TRACKER MARKET, BY AXIS TYPE, 2022-2029 (USD MILLION)
TABLE 18 SINGLE-AXIS: SOLAR TRACKER MARKET, BY REGION, 2022-2029 (USD MILLION)
TABLE 19 DUAL-AXIS: SOLAR TRACKER MARKET, BY REGION, 2022-2029 (USD MILLION)
TABLE 20 SOLAR TRACKER MARKET, BY APPLICATION, 2022-2029 (USD MILLION)
TABLE 21 UTILITY: SOLAR TRACKER MARKET, BY REGION, 2022-2029 (USD MILLION)
TABLE 22 NON-UTILITY: SOLAR TRACKER MARKET, BY REGION, 2022-2029 (USD MILLION)
TABLE 23 SOLAR TRACKER MARKET, BY REGION, 2022-2029 (USD MILLION)
TABLE 24 NORTH AMERICA: SOLAR TRACKER MARKET, BY TYPE, 2022-2029 (USD MILLION)
TABLE 25 NORTH AMERICA: SOLAR TRACKER MARKET, BY AXIS TYPE, 2022-2029 (USD MILLION)
TABLE 26 NORTH AMERICA: SOLAR TRACKER MARKET, BY APPLICATION, 2022-2029 (USD MILLION)
TABLE 27 NORTH AMERICA: SOLAR TRACKER MARKET, BY COUNTRY, 2022-2029 (USD MILLION)
TABLE 28 EUROPE: SOLAR TRACKER MARKET, BY TYPE, 2022-2029 (USD MILLION)
TABLE 29 EUROPE: SOLAR TRACKER MARKET, BY AXIS TYPE, 2022-2029 (USD MILLION)
TABLE 30 EUROPE: SOLAR TRACKER MARKET, BY APPLICATION, 2022-2029 (USD MILLION)
TABLE 31 EUROPE: SOLAR TRACKER MARKET, BY COUNTRY, 2022-2029 (USD MILLION)
TABLE 32 ASIA PACIFIC: SOLAR TRACKER MARKET, BY TYPE, 2022-2029 (USD MILLION)
TABLE 33 ASIA PACIFIC: SOLAR TRACKER MARKET, BY AXIS TYPE, 2022-2029 (USD MILLION)
TABLE 34 ASIA PACIFIC: SOLAR TRACKER MARKET, BY APPLICATION, 2022-2029 (USD MILLION)
TABLE 35 ASIA PACIFIC: SOLAR TRACKER MARKET, BY COUNTRY, 2022-2029 (USD MILLION)
TABLE 36 LATIN AMERICA: SOLAR TRACKER MARKET, BY TYPE, 2022-2029 (USD MILLION)
TABLE 37 LATIN AMERICA: SOLAR TRACKER MARKET, BY AXIS TYPE, 2022-2029 (USD MILLION)
TABLE 38 LATIN AMERICA: SOLAR TRACKER MARKET, BY APPLICATION, 2022-2029 (USD MILLION)
TABLE 39 LATIN AMERICA: SOLAR TRACKER MARKET, BY COUNTRY, 2022-2029 (USD MILLION)
TABLE 40 MIDDLE EAST & AFRICA: SOLAR TRACKER MARKET, BY TYPE, 2022-2029 (USD MILLION)
TABLE 41 MIDDLE EAST & AFRICA: SOLAR TRACKER MARKET, BY AXIS TYPE, 2022-2029 (USD MILLION)
TABLE 42 MIDDLE EAST & AFRICA: SOLAR TRACKER MARKET, BY APPLICATION, 2022-2029 (USD MILLION)
TABLE 43 MIDDLE EAST & AFRICA: SOLAR TRACKER MARKET, BY COUNTRY, 2022-2029 (USD MILLION)
TABLE 44 STRATEGIES ADOPTED BY SOLAR TRACKER MANUFACTURERS, 2019-2024
TABLE 45 SOLAR TRACKER MARKET: DEGREE OF COMPETITION, 2023
TABLE 46 SOLAR TRACKER MARKET: REGION FOOTPRINT
TABLE 47 SOLAR TRACKER MARKET: AXIS TYPE FOOTPRINT
TABLE 48 SOLAR TRACKER MARKET: APPLICATION FOOTPRINT
TABLE 49 SOLAR TRACKER MARKET: LIST OF KEY STARTUPS/SMES
TABLE 50 SOLAR TRACKER MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
TABLE 51 SOLAR TRACKER MARKET: PRODUCT LAUNCHES, JANUARY 2019-JUNE 2024
TABLE 52 SOLAR TRACKER MARKET: DEALS, JANUARY 2019-JUNE 2024
TABLE 53 SOLAR TRACKER MARKET: EXPANSIONS, JANUARY 2019-JUNE 2024
TABLE 54 NEXTRACKER INC.: COMPANY OVERVIEW
TABLE 55 NEXTRACKER INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 56 NEXTRACKER INC.: PRODUCT LAUNCHES
TABLE 57 NEXTRACKER INC.: DEALS
TABLE 58 NEXTRACKER INC.: EXPANSIONS
TABLE 59 ARRAY TECHNOLOGIES, INC.: COMPANY OVERVIEW
TABLE 60 ARRAY TECHNOLOGIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 61 ARRAY TECHNOLOGIES, INC.: DEALS
TABLE 62 PVHARDWARE: COMPANY OVERVIEW
TABLE 63 PVHARDWARE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 64 PVHARDWARE: DEALS
TABLE 65 SOLTEC: COMPANY OVERVIEW
TABLE 66 SOLTEC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 67 SOLTEC: PRODUCT LAUNCHES
TABLE 68 SOLTEC: DEALS
TABLE 69 GAMECHANGE SOLAR: COMPANY OVERVIEW
TABLE 70 GAMECHANGE SOLAR: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 71 GAMECHANGE SOLAR: DEALS
TABLE 72 GAMECHANGE SOLAR: EXPANSIONS
TABLE 73 ARCTECH: COMPANY OVERVIEW
TABLE 74 ARCTECH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 75 ARCTECH: DEALS
TABLE 76 FTC SOLAR: COMPANY OVERVIEW
TABLE 77 FTC SOLAR: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 78 FTC SOLAR: PRODUCT LAUNCHES
TABLE 79 FTC SOLAR: DEALS
TABLE 80 VALMONT INDUSTRIES, INC.: COMPANY OVERVIEW
TABLE 81 VALMONT INDUSTRIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 82 VALMONT INDUSTRIES, INC.: DEALS
TABLE 83 ALL EARTH RENEWABLES: COMPANY OVERVIEW
TABLE 84 ALL EARTH RENEWABLES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 85 XIAMEN GRACE SOLAR NEW ENERGY TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
TABLE 86 XIAMEN GRACE SOLAR NEW ENERGY TECHNOLOGY CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 87 SUN ACTION TRACKERS: COMPANY OVERVIEW
TABLE 88 SUN ACTION TRACKERS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 89 TRINASOLAR: COMPANY OVERVIEW
TABLE 90 TRINASOLAR: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 91 TRINASOLAR: DEALS
TABLE 92 ADES TEMPERO GROUP: COMPANY OVERVIEW
TABLE 93 ADES TEMPERO GROUP PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 94 AIVATECHOLOGY: COMPANY OVERVIEW
TABLE 95 AIVATECHOLOGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 96 ARCELORMITTAL: COMPANY OVERVIEW
TABLE 97 ARCELORMITTAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 98 GONVARRI SOLAR STEEL: COMPANY OVERVIEW
TABLE 99 MECASOLAR: COMPANY OVERVIEW
TABLE 100 ASUN TRACKERS PVT. LTD.: COMPANY OVERVIEW
TABLE 101 ATEC ROBOTICS: COMPANY OVERVIEW
TABLE 102 SHANDONG ZHAORI NEW ENERGY TECH. CO., LTD.: COMPANY OVERVIEW
TABLE 103 ENERGY XPRT: COMPANY OVERVIEW
TABLE 104 OPTIMUM-TRACKER: COMPANY OVERVIEW
TABLE 105 TRACKERS FEINA S.L.: COMPANY OVERVIEW
TABLE 106 FLEXRACK BY QCELLS, LLC: COMPANY OVERVIEW
TABLE 107 SOLARGIK LTD.: COMPANY OVERVIEW

List of Figures

FIGURE 1 SOLAR TRACKER MARKET SEGMENTATION AND REGIONAL SCOPE
FIGURE 2 SOLAR TRACKER MARKET: RESEARCH DESIGN
FIGURE 3 KEY DATA FROM SECONDARY SOURCES
FIGURE 4 KEY DATA FROM PRIMARY SOURCES
FIGURE 5 BREAKDOWN OF PRIMARIES: BY COMPANY TYPE, DESIGNATION, AND REGION
FIGURE 6 KEY DATA FROM PRIMARY SOURCES
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 9 SUPPLY-SIDE ANALYSIS
FIGURE 10 DEMAND-SIDE ANALYSIS
FIGURE 11 SOLAR TRACKER MARKET: DATA TRIANGULATION
FIGURE 12 SOLAR TRACKER MARKET: FACTOR ANALYSIS
FIGURE 13 NORTH AMERICA ACCOUNTED FOR LARGEST SHARE OF SOLAR TRACKER MARKET IN 2023
FIGURE 14 GRID-CONNECTED SEGMENT TO LEAD SOLAR TRACKER MARKET IN 2024
FIGURE 15 DUAL-AXIS SEGMENT TO REGISTER HIGHER CAGR IN SOLAR TRACKER MARKET DURING FORECAST PERIOD
FIGURE 16 UTILITY SEGMENT TO DOMINATE SOLAR TRACKER MARKET IN 2024
FIGURE 17 GREEN ENERGY GOALS TO BOOST MARKET GROWTH BETWEEN 2024 AND 2029
FIGURE 18 ASIA PACIFIC TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 19 GRID-CONNECTED SEGMENT TO ACCOUNT FORLARGER MARKET SHARE IN 2029
FIGURE 20 SINGLE-AXIS SEGMENT TO CAPTURE MAJORITY OF MARKET SHARE IN 2029
FIGURE 21 UTILITY SEGMENT TO GRAB PROMINENT MARKET SHARE IN 2029
FIGURE 22 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES INSOLAR TRACKER MARKET
FIGURE 23 SOLAR TRACKER MARKET: PORTER'S FIVE FORCES ANALYSIS
FIGURE 24 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION
FIGURE 25 KEY BUYING CRITERIA FOR SOLAR TRACKERS, BY APPLICATION
FIGURE 26 SOLAR TRACKER MARKET: SUPPLY CHAIN ANALYSIS
FIGURE 27 EXPORT SCENARIO FOR HS CODE 854143-COMPLIANT PRODUCTS IN TOP 5 COUNTRIES, 2022-2023 (USD THOUSAND)
FIGURE 28 IMPORT SCENARIO FOR HS CODE 854143-COMPLIANT PRODUCTS IN TOP 5 COUNTRIES, 2022-2023 (USD THOUSAND)
FIGURE 29 EXPORT SCENARIO FOR HS CODE 854142-COMPLIANT PRODUCTS IN TOP 5 COUNTRIES, 2022-2023 (USD THOUSAND)
FIGURE 30 IMPORT SCENARIO FOR HS CODE 854142-COMPLIANT PRODUCTS IN TOP 5 COUNTRIES, 2022-2023 (USD THOUSAND)
FIGURE 31 GLOBAL PATENT PUBLICATION TREND, 2018-2023
FIGURE 32 GLOBAL JURISDICTION ANALYSIS
FIGURE 33 NEXTRACKER REGISTERED HIGHEST PATENT COUNT IN 2023
FIGURE 34 TRENDS AND DISRUPTIONS INFLUENCING CUSTOMER BUSINESS
FIGURE 35 GRID-CONNECTED SEGMENT TO LEAD SOLAR TRACKER MARKET IN 2024
FIGURE 36 SINGLE-AXIS SOLAR TRACKERS TO DOMINATE MARKET IN 2024
FIGURE 37 UTILITY APPLICATIONS TO DOMINATE SOLAR TRACKER MARKET IN 2024
FIGURE 38 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN SOLAR TRACKER MARKETDURING FORECAST PERIOD
FIGURE 39 NORTH AMERICA: SOLAR TRACKER MARKET SNAPSHOT
FIGURE 40 ASIA PACIFIC: SOLAR TRACKER MARKET SNAPSHOT
FIGURE 41 SOLAR TRACKER MARKET: REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS, 2021-2023
FIGURE 42 MARKET SHRE ANALYSIS OF TOP COMPANIES IN SOLAR TRACKER MARKET, 2023
FIGURE 43 SOLAR TRACKER MARKET: FINANCIAL METRICS (EV/EBITDA)
FIGURE 44 YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OFKEY VENDORS
FIGURE 45 BRAND/PRODUCT COMPARATIVE ANALYSIS
FIGURE 46 SOLAR TRACKER MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
FIGURE 47 SOLAR TRACKER MARKET: COMPANY FOOTPRINT
FIGURE 48 SOLAR TRACKER MARKET: MARKET FOOTPRINT
FIGURE 49 SOLAR TRACKER MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
FIGURE 50 NEXTRACKER INC.: COMPANY SNAPSHOT
FIGURE 51 ARRAY TECHNOLOGIES, INC.: COMPANY SNAPSHOT
FIGURE 52 SOLTEC: COMPANY SNAPSHOT
FIGURE 53 ARCTECH: COMPANY SNAPSHOT
FIGURE 54 FTC SOLAR: COMPANY SNAPSHOT
FIGURE 55 VALMONT INDUSTRIES, INC.: COMPANY SNAPSHOT
FIGURE 56 TRINASOLAR: COMPANY SNAPSHOT
FIGURE 57 ARCELORMITTAL: COMPANY SNAPSHOT

Solar Tracker Market by Axis Type (Single-axis, Dual-axis), Type (Grid-connected, Off-grid), Application (Utility, Non-utility), Region (Asia Pacific, North America, Europe, Latin America, Middle East & Africa) - Global Forecast to 2029

Description

Table of Contents

List of Tables

Breakdown of Primaries:

Research Coverage:

TABLE OF CONTENTS

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

5 MARKET OVERVIEW

6 TECHNOLOGIES USED IN SOLAR TRACKERS

7 SOLAR TRACKER MARKET, BY TYPE

8 SOLAR TRACKER MARKET, BY AXIS TYPE

9 SOLAR TRACKER MARKET, BY APPLICATION

10 SOLAR TRACKER MARKET, BY REGION

11 COMPETITIVE LANDSCAPE

12 COMPANY PROFILES

13 APPENDIX

List of Tables

List of Figures