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Solar Tracker market is projected to grow from USD 6.88 billion in 2022 to USD 16.73 billion by 2029 | NEXTracker (U.S.), Array Technologies (U.S.), Trina Solar (China)

01-18-2023 12:31 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fortune Business Insights

Solar Tracker market is projected to grow from USD 6.88 billion

The global solar tracker market size was valued at USD 6.05 billion in 2021. The market is projected to grow from USD 6.88 billion in 2022 to USD 16.73 billion by 2029, exhibiting a CAGR of 13.5% during the forecast period.

Solar Tracker Market Strategic growth 2023 Global Industry Size, Trends, Share and Growth Forecast to 2029 report provides comprehensive information on the current scenario which includes historical and projected Solar Tracker Market insights. Solar Tracker Market is expected to expand at the highest growth rate by 2029.

Get a Full PDF Sample Copy of the Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/100448

The report for the Global Solar Tracker Market of Fortune Business Insights covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance.

In-Depth Qualitative COVID-19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects:

We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.

Major Key Players Profiled in The Report Include:
NEXTracker (U.S.)
Array Technologies (U.S.)
Trina Solar (China)
SunPower Corporation (U.S.)
ArcelorMittal Projects (Luxemburg)
Soltec (Spain)
Convert Italia (Italy)
PV Hardware (Spain)
Arctech Solar (U.S.)
Solar Steel (Spain)
Ideematec (Germany)
Scorpius Trackers (India)
Sun Action Trackers (U.S.)
The Impact of Covid-19 on The Future Development of The Industry Is Pointed Out.

Years Considered to Estimate the Market Size:

History Year: 2016-2018

Base Year: 2019

Estimated Year: 2022

Forecast Year: 2023-2029

Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/100448

Segmental Outlook:

By TypePhotovoltaic (PV)Concentrated Solar Power (CSP)By MovementSingle AxisDual AxisBy ApplicationUtilityNon-utility

Industry Globalization Drivers:

As the world moves toward a clean energy transition, carbon reduction has increased the adoption of renewable energies. Dramatic improvements to solar technologies and other clean energy technologies have enabled rapid growth in deployment and provide cost-effective options for decarbonizing the energy sector. The inequitable adoption of a solar tracking system has garnered increasing attention as an energy justice issue as a modular approach that is easily scalable for large and small projects. For instance, NEXTracker was selected by Mahindra Sustain to be the supplier for Sakaka Solar Park. The project is undertaken as part of Saudi Arabia's national program to deploy clean energy resources. The project is expected to have a total capacity of 9.5 GW by 2023 and 58.7 GW by 2030.

The Report Shares Key Insights On:

✤ Current Market Size
✤ Market Forecast

✤ Market Opportunities

✤ Key Drivers and Restraints

✤ Regulatory Scenario

✤ Industry Trend

✤ New Product Approvals/launch

✤ Promotion and Marketing Initiatives

✤ Pricing Analysis

✤ Competitive Landscape

For More Information or Any Query: https://www.fortunebusinessinsights.com/enquiry/queries/100448

Detailed TOC of Global Solar Tracker market Report 2023

✤ Report Overview

✤ Research Scope

✤ Market Segment by Type

✤ Global Solar Tracker market Size Growth Rate by Type

✤ Market Segment by Application

✤ Global Solar Tracker market Share by Application

✤ Others

✤ Study Objectives

✤ Years Considered

✤ Market Perspective

✤ Global Top Solar Tracker market Regions (countries) Ranking by Market Size

✤ Solar Tracker Market Industry Trends

✤ Solar Tracker Market Trends

✤ Solar Tracker Market Drivers

✤ Solar Tracker Market Challenges

✤ Solar Tracker Market Restraints

✤ Competitive Landscape by Manufacturers

✤ Global Solar Tracker market Size by Type

✤ Global Solar Tracker market Size by Application

✤ North America

✤ Europe

✤ Asia Pacific

✤ Latin America

✤ Middle East and Africa

✤ Company Profiles

✤ Value Chain and Sales Channels Analysis

✤ Research Findings and Conclusion

✤ Appendix

Continued….........

Purchase the Full Report at - https://www.fortunebusinessinsights.com/checkout-page/100448

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

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ABOUT Us:

The cycle of disruption and transformation is imminent for businesses looking to carve out a niche in highly competitive environments. While a few companies are focusing on transformational growth and addressing key challenges of disruptions, several others are simply unaware. At Fortune Business Insights we offer end-to-end solutions beyond flagship research technologies to help senior leaders across enterprises achieve their mission-critical goals. We deliver recommendations enabling growth to help build the organizations of tomorrow.

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