Solar Tracker Market Growth, Outlook, Demand, Keyplayer Analysis and Opportunity 2023-2028

Author: Elena Anderson

Marketing Manager

Report DescriptionAbout IMARC Group

International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all regions and industry verticals to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

Report Description Report Description and Highlights

Global Solar Tracker Market Research Report 2023-2028:

According to the latest report by IMARC Group, titled “ Solar Tracker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 20232028,”

the global solar tracker market is expected to grow at a CAGR of 21.1% during 2023-2028.

A solar tracker refers to a device that orients solar panels toward the sun. These systems use computers and sensors with complex algorithms for altering the position of a solar panel. This ensures that photovoltaic (PV) panels are positioned perpendicularly to the sunlight, which reduces light reflection and maximizes energy absorption. Solar trackers offer various benefits, such as extra power generation, minimal space requirements, lower electricity bills, and reduced maintenance costs.

Request for a PDF sample of this report: https://www.imarcgroup.com/solar-tracker-market/requestsample

Global Solar Tracker Market Trends:

The increasing deployment of solar panels and the shifting focus toward renewable energy production are majorly driving the global solar tracker market growth. This is further supported by the launch of green energy initiatives by governments of various nations, thus facilitating the number of new solar energy projects and the establishment of associated infrastructural facilities. Additionally, the rising population has led to an increase in global power consumption, which is acting as another growthinducing factor.

Moreover, the increasing utilization of solar power as the main energy source across the residential, commercial, and industrial sectors are contributing to the market growth. Apart from this, rapid technological advancements, such as the large-scale integration of solar and concentrated photovoltaics with cloud computing and the Internet of Things (IoT)-based solutions, are creating a positive outlook for the market.

View Report TOC, Figures and Tables: https://www.imarcgroup.com/solar-tracker-market

Report Description Report Description and Highlights

Key Market Segmentation

The research report includes the following segments:

Breakup by Type:

• Active Solar Tracker

• Passive Solar Tracker

Breakup by Tracking Type:

• Single Axis Tracking

o HSAT (Horizontal Single Axis Trackers)

o VSAT (Vertical Single Axis Trackers)

o TSAT (Titled Single Axis Trackers)

o PSAT (Polar Aligned Single Axis Trackers)

• Dual Axis Tracking

o TTDAT (Tip-Tilt Dual Axis Trackers)

o AADAT (Azimuth-Altitude Dual Axis Trackers)

Breakup by Technology:

• Solar Photovoltaic (PV)

• Concentrated Solar Power (CSP)

• Concentrated Photovoltaic (CPV)

Breakup by Application:

• Utility Sector

• Residential Sector

• Commercial Sector

Breakup by Region:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

Report Description Report Description and Highlights

Competitive Landscape with Key Players:

• Arctech Solar Holding Co. Ltd.

• Array Technologies Inc.

• Convert Italia SpA (Valmont Industries Inc.)

• DEGER energie GmbH & Co KG, First Solar Inc.

• Nextracker Inc. (Flex Ltd.)

• Powerway Renewable Energy Co. (SinoTech Power Group)

• Soltec Energias Renovables S.L.

• Sunpower Corporation (Total S.A.)..

1. How has the global solar tracker market performed so far and how will it perform in the coming years?

2. What has been the impact of COVID-19 on the global solar tracker market?

3. What are the key regional markets?

4. What is the breakup of the market based on the type?

5. What is the breakup of the market based on the tracking type?

6. What is the breakup of the market based on the technology?

7. What is the breakup of the market based on the application?

8. What are the various stages in the value chain of the industry?

9. What are the key driving factors and challenges in the industry?

10. What is the structure of the global solar tracker market and who are the key players?

11. What is the degree of competition in the industry?

7.1.2 Major Types

7.1.2.1 HSAT (Horizontal Single Axis Trackers)

7.1.2.2 VSAT (Vertical Single Axis Trackers)

7.1.2.3 TSAT (Titled Single Axis Trackers)

7.1.2.4 PSAT (Polar Aligned Single Axis Trackers)

7.1.3 Market Forecast

7.2 Dual Axis Tracking

Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/solar-tracker-market/toc

A partial List of our Clients

Partial List of Clients

We are the trusted business partners to the world's leading corporates, governments, and institutions

A partial List of our Clients

Partial List of Clients

We are the trusted business partners to the world's leading corporates, governments, and institutions

Report Description Report Description and Highlights

© 2022 IMARC All Rights Reserved

This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC).

Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication.

IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.