Solar Tracker Market Global Business Insights and Development Analysis to 2026 | EXTracker, Inc., PVHardware, Arctech Solar, Soltec Trackers, Nclave renewable

Allied Market Research published a new report, titled, "Solar Tracker Market ". The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

Solar tracking is the process of generating power from sunlight. A solar tracker is the device that directs solar panels, mirrors of heliostat, and Fresnel reflectors toward the sun. These solar trackers are used to capture the maximum solar energy throughout the day and increase solar panel output and efficiency. The global solar market is driven by increasing energy demand worldwide. Solar trackers can increase the output of solar panels by 25 to 35% compared to modules at fixed angle.

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Factors such as environmental pollution, rising price of fuels, and growing awareness among people toward clean energy are expected to drive the growth of the global solar tracker market. High maintenance requirement, high cost compared to stationary counterparts, and complex system than fixed racking are expected to be the restraining factors for global solar tracker market. Opportunities like government initiatives, decreasing complexity in design, and researches in solar tracker are anticipated to boost the growth of the solar tracker market growth.

Key segmentation of the solar tracker market is done based on technology, type, application, and region. On the basis of technology market is bifurcated into concentrated PV tracker and non-concentrated PV tracker. By type it is divided into single axis tracker and double axis tracker. On the basis of application, it is classified into residential, commercial, and agricultural. Region- wise, it is analyzed for North America, Europe, Asia-Pacific, and LAMEA.

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Key players in the global solar tracker market are NEXTracker, Inc., Array Technologies, Inc., PVHardware, Arctech Solar, Soltec Trackers, Nclave renewable, Convert Italia, STI Norland, Gonvarri Steel Services, and GameChange Solar. These companies are adopting a number of strategies such as new product launches and research & development in solar tracker output and performance to maintain their position in the market.

PVHardware, one of the key players in the solar tracker market, developed a product named Axone duo (double row solar tracker), which draws a cutting edge technology and photovoltaic tradition. This results in a tracker with better balance of controllers.

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Key offerings of the report:

o Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
o Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
o Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
o Regional Analysis: Thorough analysis of each region help market players devise expansion strategies and take a leap.
o Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.

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