North America Single Axis Solar Tracker Market Growth, Size, Trends Analysis - By Product, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034

Description

North America Single Axis Solar Tracker Market Introduction and Overview

According to SPER market research, 'North America Single Axis Solar Tracker Market Size- By Product, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the North America Single Axis Solar Tracker Market is predicted to reach 6.22 billion by 2034 with a CAGR of 4.83%.

Single-axis solar trackers increase energy capture by tracking the sun's movement along a single axis, usually east to west. In contrast to fixed-tilt systems, this dynamic adjustment allows solar panels to maintain a more ideal angle relative to the sun throughout the day. Single-axis trackers can considerably boost energy yield by continuously orienting the panels towards direct sunshine, frequently by 25-35%.

Restraints: Some prospective users may still find the initial costs of single-axis solar trackers prohibitive, even with the overall decrease in cost. Purchasing and installing tracking systems can come with a hefty upfront cost, particularly for small-scale and residential solar projects. Furthermore, the intricacy of these systems may lead to increased maintenance and installation expenses, which could put off consumers on a tight budget. Although this difficulty is somewhat alleviated by government grants and incentives, addressing the single-axis trackers' cost-effectiveness is still essential to guaranteeing its broad use.

cope of the report:

Report Metric Details

Market size available for years 2021-2034

Base year considered 2024

Forecast period 2025-2034

Segments covered By Product, By Application

Regions covered Canada, Mexico, United States

Companies Covered Abengoa, Arctech Solar, Array Technologies, Inc, Ideematec, MECASOLAR, Nextracker Inc, SOLTEC, SunPower Corporation, Trina Solar, Valmont Industries, Inc.

North America Single Axis Solar Tracker Market Segmentation:

By Product: Based on the Product, North America Single Axis Solar Tracker Market is segmented as; Horizontal, Vertical.

By Application: Based on the Application, North America Single Axis Solar Tracker Market is segmented as; Residential, Commercial & Industrial, Utility.

By Region: This research also includes data for Canada, Mexico, United States.

Product Code: POAE2548

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPER's internal database
- 2.1.4. Premium insight from KOL's
2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges

5. Market variable and outlook

5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
5.3. PORTER's Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
5.4. Heat Map Analysis

6. Competitive Landscape

6.1. North America Single Axis Solar Tracker Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Single Axis Solar Tracker Market

7. North America Single Axis Solar Tracker Market, By Product (USD Million) 2021-2034

7.1. Horizontal
7.2. Vertical

8. North America Single Axis Solar Tracker Market, By Application (USD Million) 2021-2034

8.1. Residential
8.2. Commercial & Industrial
8.3. Utility

9. North America Single Axis Solar Tracker Market, (USD Million) 2021-2034

9.1. North America Single Axis Solar Tracker Market Size and Market Share

10. North America Single Axis Solar Tracker Market, By Region, (USD Million) 2021-2034

10.1. Canada
10.2. Mexico
10.3. United States

11. Company Profile

11.1. Abengoa
- 11.1.1. Company details
- 11.1.2. Financial outlook
- 11.1.3. Product summary
- 11.1.4. Recent developments
11.2. Arctech Solar
- 11.2.1. Company details
- 11.2.2. Financial outlook
- 11.2.3. Product summary
- 11.2.4. Recent developments
11.3. Array Technologies, Inc
- 11.3.1. Company details
- 11.3.2. Financial outlook
- 11.3.3. Product summary
- 11.3.4. Recent developments
11.4. Ideematec
- 11.4.1. Company details
- 11.4.2. Financial outlook
- 11.4.3. Product summary
- 11.4.4. Recent developments
11.5. MECASOLAR
- 11.5.1. Company details
- 11.5.2. Financial outlook
- 11.5.3. Product summary
- 11.5.4. Recent developments
11.6. Nextracker Inc
- 11.6.1. Company details
- 11.6.2. Financial outlook
- 11.6.3. Product summary
- 11.6.4. Recent developments
11.7. SOLTEC
- 11.7.1. Company details
- 11.7.2. Financial outlook
- 11.7.3. Product summary
- 11.7.4. Recent developments
11.8. SunPower Corporation
- 11.8.1. Company details
- 11.8.2. Financial outlook
- 11.8.3. Product summary
- 11.8.4. Recent developments
11.9. Trina Solar
- 11.9.1. Company details
- 11.9.2. Financial outlook
- 11.9.3. Product summary
- 11.9.4. Recent developments
11.10. Valmont Industries, Inc
- 11.10.1. Company details
- 11.10.2. Financial outlook
- 11.10.3. Product summary
- 11.10.4. Recent developments
11.11. Others