Solar Tracker Market : Eminent Players – Array Technologies, Inc., Abengoa Solar, SunPower Corporation, Trina Solar, SOLTEC, Scorpius Trackers, Titan Tracker

How is a stringent regulatory landscape influencing North America solar tracker market trends?

Intensifying focus of governments on reduction of carbon emissions and effective utilization of sustainable energy systems will propel solar tracker market growth. Regulators have been introducing various legislations to encourage the adoption of clean energy sources and achieve decarbonization goals.

Also, solar tracker market demand has augmented due to the deployment of PV generation systems and introduction of renewable energy targets. Solar trackers enhance energy outputs by angling the payloads toward the sun. Technical advancements by companies operating in solar tracker market have also promoted product adoption.

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According to the latest research report published by Global Market Insights Inc., solar tracker market size is likely to surpass 30 GW by 2025.

How will commercial sector impact solar tracker industry trends over the coming years?

Demand for electricity has increased due to an increase in number of commercial projects globally. Construction of commercial facilities, such as schools, hospitals, and shopping malls has resulted in subsequent adoption of solar panels since commercial and utility sectors have increased the deployment of renewable energy systems.

Moreover, renewable energy deployment is being encouraged by various mandates that are being introduced by governments to reduce emissions generated by the commercial sector. In addition, high electricity tariff for commercial organizations coupled with reduction in the price of PV technology has prompted the sector to resort to renewable energy sources, which is likely to further fuel market trends.

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How will North America influence solar tracker industry size?

North America has witnessed high adoption of PV systems, which has contributed to the growth of solar tracker market share. The utility sector in North America has observed commencement of solar PV projects on a large-scale. In addition, declining cost of solar panels has further added an impetus to the adoption of solar trackers. Also, manufacturers are outlaying huge amounts on research and development activities for advancement of solar energy systems. Advanced PV tracker systems are being highly installed due to low supply chain costs and rising module efficiency, which will further promote solar tracker industry growth.

What will be the contribution of dual axis product segment on the growth of solar tracker market share?

Two-degree flexibility of dual axis solar tracker improves energy generation by 45% as compared to conventional photovoltaic system. CSP (Concentrated Solar Power) and CPV (Concentrator Photovoltaics) power plants have generated substantial demand for solar trackers. Dual axis solar trackers are highly efficient in comparison with other alternative sources. Such advantages offered by dual axis solar trackers have escalated solar tracker industry share.

Who are some of the eminent industry players augmenting solar tracker market size?

Demand for solar trackers has accelerated owing to the benefits offered by them, such as reduction in energy costs and high CUF., Besides, companies have been investing massively on the development of low-cost and efficient products to secure competitive advantage over the market. Some of the significant industry participants are SunPower Array Technologies, Meca Solar, Abengoa Solar, and Powerway among others.

Report Content

Chapter 1 Methodology & Scope

1.1 Methodology

1.2 Market definitions

1.3 Market estimation & forecast parameters

1.3.1 COVID-19 impact on market outlook

1.4 Data sources

1.4.1 Primary

1.4.2 Secondary

1.4.2.1 Paid sources

1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Solar tracker industry 3600 synopsis, 2017 – 2027

2.1.1 Business trends

2.1.2 Product trends

2.1.3 Technology trends

2.1.4 Application trends

2.1.5 Regional trends

Chapter 3 Solar Tracker Industry Insights

3.1 Industry segmentation

3.2 Industry ecosystem analysis

3.2.1 Vendor matrix

3.3 Innovation & sustainability landscape

3.3.1 Trina Solar

3.3.2 SOLTEC

3.3.3 Convert Italia

3.3.4 NEXTracker

3.3.5 PV Hardware

3.3.6 Nclave

3.3.7 ArcelorMittal Projects Exosun

3.3.8 Arctech Solar

3.3.9 Solar FlexRack

3.3.10 Array Technologies

3.3.11 Scorpius Trackers

3.3.12 MecVeL SRL

3.3.13 Bodine Electric Company

3.3.14 FRABA B.V.

3.4 Regulatory landscape

3.4.1 North America

3.4.1.1 U.S.

3.4.1.1.1 U.S. Feed-in Tariff Programs

3.4.1.1.2 Solar Energy Industries Association (SEIA)

3.4.1.1.2.1 UL 3703

3.4.1.1.3 Florida

3.4.1.2 Mexico

3.4.2 Europe

3.4.2.1 Regulation

3.4.2.2 UK

3.4.2.2.1 2009/28/EC Renewable Energy Directive

3.4.2.2.2 The UK’s National Energy Efficiency Action Plan

3.4.2.2.3 Feed-In Tariff (FIT)

3.4.2.2.4 Export Feed-In Tariff (FIT)

3.4.2.3 Spain

3.4.3 Asia Pacific

3.4.3.1 China

3.4.3.2 India

3.4.3.2.1 National Tariff Policy (Dated 28th January 2016)

3.4.3.2.2 International Solar Alliances

3.4.3.2.3 Central Financial Assistance (CFA) schemes

3.4.3.3 Australia

3.4.3.3.1 Feed-in tariff

3.4.4 Africa

3.4.4.1 South Africa

3.4.4.1.1 Renewable Energy Independent Power Producer Programme (REIPPP)

3.4.4.1.2 Integrated Resource Plan for Electricity (IRP)

3.4.5 Latin America

3.4.5.1 Chile

3.5 Cost structure analysis, by component,2020

3.6 Key industry trend impacting the market and product dynamics

3.7 Industry impact forces

3.7.1 Growth drivers

3.7.1.1 Growing focus on utility scale projects

3.7.1.2 Stringent clean energy targets

3.7.1.3 Increasing off grid electricity demand

3.7.2 Industry pitfalls & challenges

3.7.2.1 High initial cost

3.8 COVID-19 impact on the industry outlook

3.8.1 Optimistic view

3.8.2 Realistic view

3.8.3 Pessimistic view

3.9 Growth potential analysis

3.10 Porter’s Analysis

3.10.1 Threat of new entrants

3.10.2 Supplier power

3.10.3 Buyer power

3.10.4 Threat of new substitutes

3.11 Competitive landscape, 2020

3.11.1 Strategy dashboard

3.11.1.1 Component suppliers

3.11.1.1.1 Cone Drive

3.11.1.1.1.1 Acquisition

3.11.1.1.2 Kinematics Manufacturing

3.11.1.1.2.1 Strategic collaboration

3.11.1.1.2.2 Product launch

3.11.1.1.2.3 New establishment

3.11.1.1.3 EKO Instruments B.V.

3.11.1.1.4 Kipp & Zonen B.V.

3.11.1.1.4.1 Product launch

3.11.1.1.5 Siemens AG

3.11.1.1.5.1 Joint Ventures

3.11.1.1.6 Schaeffler AG

3.11.1.1.7 Hiwin Corporation

3.11.1.1.7.1 New product

3.11.1.1.8 Maxon

3.11.1.1.8.1 Strategic Collaboration

3.11.1.1.9 AMETEK, Inc.

3.11.1.1.9.1 Acquisition

3.11.1.1.10 Fraba B.V.

3.11.1.1.10.1 Product launch

3.11.1.2 Solar Tracker manufacturer

3.11.1.2.1 Array Technologies

3.11.1.2.1.1 Partnership agreement

3.11.1.2.1.2 Awards

3.11.1.2.1.3 Product launch

3.11.1.2.2 NEXTracker

3.11.1.2.2.1 Partnership agreement

3.11.1.2.2.2 Product Launch

3.11.1.2.3 Trina Solar

3.11.1.2.3.1 Acquisition

3.11.1.2.4 Ideematec AG

3.11.1.2.4.1 Collaboration

3.11.1.2.5 First Solar

3.11.1.2.5.1 Agreement

3.11.1.2.6 PV Hardware

3.11.1.2.6.1 Collaborations

3.11.1.2.7 Arctech Solar

3.11.1.2.7.1 Website launch

3.11.1.2.7.2 Business Expansion

3.11.1.2.7.3 Product launch

3.11.1.2.8 Soltec

3.11.1.2.8.1 Awards

3.11.1.2.8.2 Product Launch

3.11.1.2.8.3 Business Expansion

3.11.1.2.9 GameChange Solar

3.11.1.2.9.1 Supply Contract

3.11.1.2.10 Convert Italia

3.11.1.2.10.1 Product Innovation

3.11.1.2.11 RP Construction Services, Inc.

3.11.1.2.11.1 Partnership

3.11.1.2.12 STI Norland

3.11.1.2.12.1 Product launch

3.11.1.2.13 Scorpius Trackers

3.11.1.2.13.1 Product launch

3.12 PESTLE Analysis

Chapter 4 Solar Tracker Market, By Product

4.1 Solar tracker market share by product, 2020 & 2027

4.2 Single axis

4.2.1 Global market from single axis, 2017 - 2027

4.2.2 Global market from single axis, by region, 2017 - 2027

4.2.3 Horizontal

4.2.3.1 Global market from horizontal, 2017 - 2027

4.2.3.2 Global market from horizontal, by region, 2017 - 2027

4.2.4 Vertical

4.2.4.1 Global market from vertical, 2017 - 2027

4.2.4.2 Global market from vertical, by region, 2017 - 2027

4.3 Dual axis

4.3.1 Global market from dual axis, 2017 - 2027

4.3.2 Global market from dual axis, by region, 2017 - 2027

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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