Solar Tracker Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2028

The report on the global solar tracker market provides qualitative and quantitative analysis for the period from 2020-2028. The report predicts the global solar tracker market to grow with a CAGR of above 11% over the forecast period from 2022-2028. The study on solar tracker market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2020-2028.

The report on solar tracker market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global solar tracker market over the period of 2020-2028. Moreover, the report is a collective presentation of primary and secondary research findings.

Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global solar tracker market over the period of 2020-2028. Further, Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.

Report Findings

1) Drivers

• Increasing adoption of renewable energy is expected to drive the growth of the market.
• Green energy targets help to upswing the investment in the solar tracker.

2) Restraints

• High fluctuation in raw material costs and lack of high investment can restrain the market growth.

3) Opportunities

• Integrated technology and new government regulation related to renewable energy are expected to create various growth opportunities for the market.

Research Methodology

A) Primary Research

The primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include
1. Key Opinion Leaders
2. Internal and External subject matter experts
3. Professionals and participants from the industry

The primary research respondents typically include

1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/country managers
5. Vice President level executives.

B) Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include

1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered

The global solar tracker market is segmented on the basis of type, technology, and application.

The Global Solar Tracker Market by Type

• Single Axis
• Dual Axis

The Global Solar Tracker Market by Technology

• Solar Photovoltaic
• Concentrated Photovoltaic (CPV)
• Concentrated solar power (CSP)

The Global Solar Tracker Market by Application

• Utility
• Non-utility

Company Profiles

The companies covered in the report include

• Array Technologies, Inc.
• SunPower Corporation
• Arctech Solar Holding Co., Ltd
• Nextracker Inc.
• Soltec Power Holdings SA
• Mahindra Susten
• Scorpius Trackers
• Ganges Internationale
• Soltec
• Trina Solar Acquired by (Nclave)

What does this Report Deliver?

1. Comprehensive analysis of the global as well as regional markets of the solar tracker market.
2. Complete coverage of all the segments in the solar tracker market to analyze the trends, developments in the global market and forecast of market size up to 2028.
3. Comprehensive analysis of the companies operating in the global solar tracker market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.