MARKET INTRODUCTION
A solar tracker is a system that positions an object in such a way that it continuously faces the sun. The solar tracker mostly uses in photovoltaic solar panels so that they remain perpendicular to the Sun rays, which are the major driver of the solar tracker market. Solar tracker generates more electricity as compare to stationery panels due to direct exposure of sun rays, henceforth raising the demand for the solar tracker market. Supportive government rules and regulations result in the rising installation of solar panels, which further influences the growth of the solar tracker market.
MARKET DYNAMICS
The solar tracker keeps the panel perpendicular to the Sun; hence, more sunlight strikes the solar panel, and more energy is absorbed. Thus, increasing deployment of solar tracker that boosting the growth of the solar tracker market. Growing concerns over energy conservation and conversion from non-renewable energy to renewable energy is surge demand for solar system that propels the growth of the solar tracker market. Solar trackers improve the power generation output of the panels, which also raises the installation of solar trackers that booming the growth of the solar tracker market.
MARKET SCOPE
The "Global Solar Tracker Market Analysis To 2028" is a specialized and in-depth study of the solar tracker industry with a special focus on the global market trend analysis. The report aims to provide an overview solar tracker market with detailed market segmentation by movement, type, end-user, and geography. The global solar tracker market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading solar tracker market players and offers key trends and opportunities in the solar tracker market.
MARKET SEGMENTATION
The global solar tracker market is segmented on the basis of movement, type, end-user. On the basis movement the market is segmented as single axis, dual axis. On the basis of type the market is segmented as solar photovoltaic (PV), concentrated solar power (CSP), concentrated photovoltaic (CPV). On the basis of end-user the market is segmented as residential, commercial, industrial.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Solar tracker market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The solar tracker market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting solar tracker market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the solar tracker market in these regions.
MARKET PLAYERS
The reports cover key developments in the solar tracker market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Solar tracker market are anticipated to lucrative growth opportunities in the future with the rising demand for solar tracker in the global market. Below mentioned is the list of few companies engaged in the solar tracker market.
The report also includes the profiles of key solar tracker companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- AllEarth Renewables, Inc.
- Arctech Solar
- Array Technologies, Inc.
- First Solar, Inc.
- NEXTracker Inc.
- PVHardware
- Scorpius Trackers
- Soltec
- Sun Action Trackers
- SunPower Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.