Solar Tracker Market Report, Size, Demands, Growth & Forecast 2027

The global Solar Tracker Market is likely to showcase a robust growth of around ~15% during the forecast period (2021-2027).  

A comprehensive overview of the global solar tracker market is recently added by UnivDatos to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the solar tracker market globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the global market at regional and country levels.

Market Overview 

The global solar tracker market is experiencing significant growth due to increasing

environmental concerns over carbon emission, policy support from governments to

adopt renewable technologies, and rise in energy demand along with their

inherent thermal storage capacity. Typically, a solar tracking system adjusts the face of the

solar panel or reflective surfaces to follow the movement of the Sun. Solar

trackers are increasingly used in both utility and residential and

commercial-grade solar panels due to improved and more efficient solar trapping

technology. Furthermore, major players are focusing on developing

technologically advanced products. For instance, in October 2021, Arctech Solar Holding Co.

Ltd. and BIPV solutions provider, announced the global launch of its latest

horizontal single-axis solar tracking system SkyLine II, the first 1P (one-in-portrait) tracker designed with

pentagonal torque tube and synchronous multi-point drive mechanism. As per the

company, Due to the design, SkyLine II utilizes the fewest posts

per MW in the industry (180 posts/MW), which consequently decreases Engineering Procurement Construction 's cost by

about 2%.  

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COVID-19 Impact 

The outbreak of COVID-19 had an neutral impact on the solar tracker market. Severe health crisis across the world and several casualties that

led to lockdown across the globe. Hence, disrupted the installation and deployment of new renewable energy projects across the globe. In addition,

Investment in renewable and clean energy fell due to lower

economic capacity & disruption in supply chain. Thus, market has been slightly affected in terms of project

delays and supply chain disruptions during Q1 and Q2 2020. 

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Global solar tracker market report is

studied thoroughly with several aspects that would help stakeholders in making

their decisions more curated.  

By Technology, the market is primarily bifurcated into:             

Photovoltaic             

Concentrated solar power  

Based on

technology, the solar tracker market is classified into photovoltaic and concentrated solar power. Amongst

technology, the photovoltaic category accounted for significant share in the

market. The tracking functionality in standard photovoltaic trackers is used to

minimize the angle of incidence between incoming light and the photovoltaic

panel. This increases the amount of energy gathered from the direct component of the incoming

sunlight. Furthermore, rising investments in various utility-scale projects

across the developing nations will increase the share of solar in the renewable

energy mix, which is expected to drive the market. 

By Type, the market is primarily bifurcated into: 

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Single axis              

Dual axis  

Based on type,

the market is categorized into single axis and dual axis. Among these, single

axis tracker accounted for the major share in in the market in 2020. This is mainly attributed to the increased

investor awareness and need to maximize power output in a competitive market.

Single-axis solar trackers are becoming increasingly popular in the market due

to their low cost and lower design complexity when compared to dual-axis

trackers. 

By Application, the market is

primarily bifurcated into:             

Utility           

Non-utility  

Based on

application, the market is bifurcated into utility and non-utility. Among

these, non-utility segment to witness significant growth during the forecast period. The

increasing adoption of solar PV systems in the non-utility areas (commercial

and residential sector) is primarily driven by expected savings in electricity

costs, the need for an alternative source of electricity, and the desire to

mitigate climate change risk. 

Global Solar Tracker Market Geographical

Segmentation Includes: 

North America 

United States 

Canada 

Rest of North America 

Europe 

Germany 

Italy 

United Kingdom 

France 

Rest of Europe 

Asia-Pacific 

China 

Japan 

India 

Australia 

Rest of Asia-Pacific 

Rest of World 

Based on the

estimation, China is likely to witness high growth due to stringent government regulations leading

to surge in demand for renewable source of energy which need solar tracker system. It is expected that China will

reach more than 50% total installed capacity of solar panels in

the world till 2050 followed by North America at 20% and Europe and 10%. China

has already made its initial 2030 target of

reaching 20% and is now shifting from feed-in tariff system to competitive

bidding. Thus, growing solar power installations in countries like

China and India is further expected to drive the APAC solar tracker market

during the forecast period. 

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The major players targeting the market includes: 

Valmont Industries Inc. 

NEXTracker Inc.            

Array Technologies, Inc.       

PV Hardware Solutions SLU 

Arctech Solar Holding Co. Ltd 

Soltec Energias Renovables SL     

Nclave Renewable SL   

Ideematec Deutschland GmbH          

Gonvarri Industries 

GameChange Solar 

Competitive Landscape 

The degree of

competition among prominent companies has been elaborated by analyzing several

leading key players operating globally. The

specialist team of research analysts’ sheds light on various traits such as

global market competition, market share, most recent industry

advancements, innovative product launches, partnerships, mergers, or

acquisitions by leading companies in the global Solar Tracker market. The major players have been analyzed by using

research methodologies for getting insight views on market competition. 

Key questions resolved through this analytical market

research report include: 

What are the latest trends, new patterns, and technological advancements

in the global Solar Tracker market?    

Which factors are influencing global solar tracker market over the

forecast period?  

What are the global challenges, threats, and risks in the global Solar Tracker market? 

Which factors are propelling and restraining the global Solar Tracker market? 

What are the demanding global regions of the global Solar Tracker market? 

What will be the market size in the upcoming

years?      

What are the crucial market acquisition strategies and policies applied

by the companies? 

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