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Single-Axis Solar Tracker Market to Reach USD 75.30 Bn by 2030, Growing at 19.1% CAGR

12-12-2024 06:26 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Maximize Market Research Pvt. Ltd.

Single Axis Solar Tracker Market

Single Axis Solar Tracker Market

๐’๐ข๐ง๐ ๐ฅ๐ž-๐€๐ฑ๐ข๐ฌ ๐’๐จ๐ฅ๐š๐ซ ๐“๐ซ๐š๐œ๐ค๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ

The global Single-Axis Solar Tracker Market is experiencing remarkable growth due to the increasing demand for renewable energy sources, particularly solar power. Single-axis solar trackers are devices that allow solar panels to follow the sun's path, maximizing energy capture throughout the day. As the world moves towards more sustainable energy solutions, the single-axis solar tracker market is set to expand significantly in the coming years.

The market size for Single-Axis Solar Trackers was valued at approximately USD 22.15 billion in 2023 and is projected to grow at a robust CAGR of 19.1% from 2024 to 2030. This growth is driven by an increasing global focus on renewable energy, technological advancements in solar tracking systems, and government policies supporting clean energy adoption.

๐†๐ซ๐š๐› ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/221168/

๐’๐ข๐ง๐ ๐ฅ๐ž-๐€๐ฑ๐ข๐ฌ ๐’๐จ๐ฅ๐š๐ซ ๐“๐ซ๐š๐œ๐ค๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ž ๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ

The U.S. has become one of the major players in the single-axis solar tracker market, driven by the country's robust investment in renewable energy projects. The Biden administration's green energy policies, including the Inflation Reduction Act, which offers tax incentives for renewable energy investments, are further boosting the adoption of solar tracking technologies. Companies like First Solar, Array Technologies, and NextTracker are leading the way in implementing large-scale solar projects across the country, using single-axis trackers for improved energy capture.

๐‘ฒ๐’†๐’š ๐‘ป๐’“๐’†๐’๐’…: Continued government incentives and funding for renewable energy projects are spurring the adoption of solar tracking technologies.
๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ: With more solar farms being developed across the U.S., there is a significant opportunity for suppliers of solar trackers to expand their presence.

๐’๐ข๐ง๐ ๐ฅ๐ž-๐€๐ฑ๐ข๐ฌ ๐’๐จ๐ฅ๐š๐ซ ๐“๐ซ๐š๐œ๐ค๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

Vietnam is emerging as a significant player in the solar energy sector due to its favorable geographic location and strong government support for clean energy. The country is increasingly adopting solar technology, including single-axis solar trackers, to harness its abundant sunlight.

๐‘ฒ๐’†๐’š ๐‘ป๐’“๐’†๐’๐’…: Vietnam's commitment to achieving 50% renewable energy by 2050 presents a major opportunity for solar tracker manufacturers.
๐‘ถ๐’‘๐’‘๐’๐’“๐’•๐’–๐’๐’Š๐’•๐’š:Global companies such as Trina Solar and Sungrow Power Supply are exploring partnerships and joint ventures in Vietnam to tap into the growing solar market.

๐’๐ข๐ง๐ ๐ฅ๐ž-๐€๐ฑ๐ข๐ฌ ๐’๐จ๐ฅ๐š๐ซ ๐“๐ซ๐š๐œ๐ค๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง

Japan's focus on enhancing its solar energy capacity in the wake of the Fukushima disaster has led to increased demand for efficient solar tracking systems. Japan's Kyocera Corporation, Shizen Energy, and other local players are utilizing single-axis trackers to improve solar panel efficiency and energy generation.

๐‘ฒ๐’†๐’š ๐‘ป๐’“๐’†๐’๐’…: As part of its 2030 renewable energy target, Japan is rapidly adopting solar technologies, creating a growing demand for solar trackers.
๐‘ฎ๐’“๐’๐’˜๐’•๐’‰ ๐‘ท๐’๐’•๐’†๐’๐’•๐’Š๐’‚๐’: The Japanese government's continued commitment to supporting solar initiatives positions the market for significant growth.

๐’๐ข๐ง๐ ๐ฅ๐ž-๐€๐ฑ๐ข๐ฌ ๐’๐จ๐ฅ๐š๐ซ ๐“๐ซ๐š๐œ๐ค๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š

South Korea's renewable energy sector is expanding quickly as the country transitions to a cleaner energy mix. Companies like Hyundai Energy Solutions are increasingly using single-axis trackers in solar power plants to improve solar energy output.

๐‘ฒ๐’†๐’š ๐‘ป๐’“๐’†๐’๐’…: South Korea's Green New Deal initiative, which aims to achieve 20% renewable energy by 2030, is stimulating solar power investment.
๐‘ฎ๐’“๐’๐’˜๐’•๐’‰ ๐‘ท๐’๐’•๐’†๐’๐’•๐’Š๐’‚๐’: The country's government funding for solar projects is providing ample opportunities for single-axis solar tracker manufacturers.

๐’๐ข๐ง๐ ๐ฅ๐ž-๐€๐ฑ๐ข๐ฌ ๐’๐จ๐ฅ๐š๐ซ ๐“๐ซ๐š๐œ๐ค๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž

Singapore is one of the leading countries in Southeast Asia in terms of solar energy adoption. With limited land availability, innovations in solar tracking technology have become essential for maximizing energy capture. Sungrow Power Supply and other players are focusing on making solar projects more efficient in urban spaces through the use of single-axis trackers.

๐‘ฒ๐’†๐’š ๐‘ป๐’“๐’†๐’๐’…: Singapore's push towards a Green Plan 2030 aims to quadruple solar energy capacity, enhancing demand for solar trackers.
๐‘ถ๐’‘๐’‘๐’๐’“๐’•๐’–๐’๐’Š๐’•๐’Š๐’†๐’”: With limited land, single-axis solar trackers offer solutions for maximizing energy output in a constrained environment.

๐’๐ข๐ง๐ ๐ฅ๐ž-๐€๐ฑ๐ข๐ฌ ๐’๐จ๐ฅ๐š๐ซ ๐“๐ซ๐š๐œ๐ค๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž

Europe continues to be a frontrunner in renewable energy, and the single-axis solar tracker market in the region is highly competitive. Companies like Soltec, SMA Solar, and Trina Solar have solidified their presence in the European solar market.

๐‘ช๐’๐’๐’”๐’๐’๐’Š๐’…๐’‚๐’•๐’Š๐’๐’ ๐‘ป๐’“๐’†๐’๐’…: Recent mergers and acquisitions in the region, such as SMA Solar's acquisition of a controlling stake in Soltec, have boosted market consolidation.
๐‘ฎ๐’“๐’๐’˜๐’•๐’‰ ๐‘ถ๐’–๐’•๐’๐’๐’๐’Œ:With European nations like Germany, Spain, and Italy leading the charge in solar energy generation, single-axis solar trackers are likely to play a pivotal role in meeting ambitious renewable energy targets.

๐‘๐ž๐œ๐ž๐ง๐ญ ๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐€๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐’๐จ๐ฅ๐š๐ซ ๐“๐ซ๐š๐œ๐ค๐ž๐ซ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ

The global single-axis solar tracker market has witnessed several key mergers and acquisitions, enhancing the capabilities of leading firms to cater to increasing demand. Companies are combining resources to enhance technological advancements and broaden their geographical reach.

๐‘ต๐’๐’•๐’‚๐’ƒ๐’๐’† ๐‘ด&๐‘จ: ๐‘จ๐’“๐’“๐’‚๐’š ๐‘ป๐’†๐’„๐’‰๐’๐’๐’๐’๐’ˆ๐’Š๐’†๐’”, a leading player in the U.S., acquired ๐“๐ก๐ž ๐€๐„๐’ ๐‚๐ฅ๐ž๐š๐ง ๐„๐ง๐ž๐ซ๐ ๐ฒ to expand its market reach in the utility-scale solar energy sector. This move allows the company to integrate innovative solar tracking solutions with its extensive project development network.
๐‘บ๐’•๐’“๐’‚๐’•๐’†๐’ˆ๐’Š๐’„ ๐‘จ๐’๐’๐’Š๐’‚๐’๐’„๐’†๐’”: ๐“๐ซ๐ข๐ง๐š ๐’๐จ๐ฅ๐š๐ซ has entered into strategic alliances with local companies in emerging markets such as Vietnam and Southeast Asia to boost its footprint in high-growth regions.

๐“๐จ ๐๐ž๐ฅ๐ฏ๐ž ๐๐ž๐ž๐ฉ๐ž๐ซ ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก, ๐ค๐ข๐ง๐๐ฅ๐ฒ ๐ž๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐Ÿ๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐  ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/request-sample/221168/

๐’๐ข๐ง๐ ๐ฅ๐ž ๐€๐ฑ๐ข๐ฌ ๐’๐จ๐ฅ๐š๐ซ ๐“๐ซ๐š๐œ๐ค๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:

๐’ƒ๐’š ๐‘ท๐’“๐’๐’…๐’–๐’„๐’• ๐‘ป๐’š๐’‘๐’†

Photovoltaic (PV) Trackers
Concentrated Solar Power (CSP) Trackers

๐’ƒ๐’š ๐‘จ๐’™๐’Š๐’” ๐‘น๐’๐’•๐’‚๐’•๐’Š๐’๐’

Horizontal Single-Axis Trackers
Vertical Single-Axis Trackers

๐’ƒ๐’š ๐‘จ๐’‘๐’‘๐’๐’Š๐’„๐’‚๐’•๐’Š๐’๐’

Residential
Commercial
Utility-Scale

The market is divided into two product types: photovoltaic (PV) trackers and concentrated solar power (CSP) trackers. Photovoltaic (PV) Trackers dominated the Single Axis Solar Tracker Market in 2023 and are likely to maintain their dominance during the forecast period. Photovoltaic (PV) solar panels play a significant role in the solar energy landscape due to their diverse applications. These panels are widely used in many situations, including residential, commercial, and utility-scale solar installations.

๐“๐จ ๐ž๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ข๐ฌ ๐ฌ๐ฎ๐›๐ฃ๐ž๐œ๐ญ ๐ฆ๐š๐ญ๐ญ๐ž๐ซ ๐Ÿ๐ฎ๐ซ๐ญ๐ก๐ž๐ซ, ๐ฉ๐ฅ๐ž๐š๐ฌ๐ž ๐œ๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ž๐: https://www.maximizemarketresearch.com/request-sample/221168/

๐’๐ข๐ง๐ ๐ฅ๐ž ๐€๐ฑ๐ข๐ฌ ๐’๐จ๐ฅ๐š๐ซ ๐“๐ซ๐š๐œ๐ค๐ž๐ซ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

1. Nextracker Inc.
2. Array Technologies Inc.
3. Soltec Power Holdings S.L.U.
4. ZNShine New Energy Technology Co., Ltd.
5. Arctech Solar Holding Co., Ltd.
6. Trina Solar Co., Ltd.
7. Huawei Technologies Co., Ltd.
8. Ingeteam Power Electronics S.A.
9. Enel Green Power S.p.A.
10. BayWa r.e. New Energies GmbH
11. Amerisolar Inc.
12. New England Clean Energy (NEC)
13. FTC Solar, Inc.
14. GameChange Solar
15. Solvest Inc.
16. Deger Canada Inc
17. trackerPI GmbH
18. Claren Solar
19. PV Hardware Ltd.
20. MKS Instruments, Inc.
21. SolAero Technologies LLC
22. Solar Power Systems Ltd.
23. NewEra Solar Technologies

๐ƒ๐จ๐ง'๐ญ ๐ฆ๐ข๐ฌ๐ฌ ๐จ๐ฎ๐ญ ๐จ๐ง ๐ญ๐ก๐ž ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐  ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ฉ๐ฎ๐›๐ฅ๐ข๐ฌ๐ก๐ž๐ ๐›๐ฒ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Olanzapine Market https://www.maximizemarketresearch.com/market-report/olanzapine-market/126540/

Global Medication Management Market https://www.maximizemarketresearch.com/market-report/global-medication-management-market-key-trends/6547/

Virtual Networking Market https://www.maximizemarketresearch.com/market-report/global-virtual-networking-market/63405/

CRM Analytics Market https://www.maximizemarketresearch.com/market-report/global-crm-analytics-market/66433/

Europe IoT Connected Cars Market https://www.maximizemarketresearch.com/market-report/europe-iot-connected-cars-market/10714/

Global Microporous Insulation Market https://www.maximizemarketresearch.com/market-report/global-microporous-insulation-market/32746/

Global Wiring Duct Market https://www.maximizemarketresearch.com/market-report/global-wiring-duct-market/35575/

Global Image Intensifier Market https://www.maximizemarketresearch.com/market-report/global-image-intensifier-market/32949/

Global Geomarketing Market https://www.maximizemarketresearch.com/market-report/global-geomarketing-market/29421/

Global Sheet Face Mask Substrate Market https://www.maximizemarketresearch.com/market-report/global-sheet-face-mask-substrate-market/18569/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ

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Open-Source Intelligence Market Projected to Reach USD 23,887 Million by 2030
09-03-2025 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT. LTD.
Open-Source Intelligence Market Projected to Reach USD 23,887 Million by 2030
Open-Source Intelligence Market size was valued at USD 6425.89 Million in 2023 and the total Open-Source Intelligence revenue is expected to grow at a CAGR of 20.63 % from 2024 to 2030, reaching nearly USD 23887.37 Million by 2030. Open-Source Intelligence Market Overview: The Open-Source Intelligence (OSINT) market is a rapidly expanding sector within the broader security and intelligence landscape. It involves the systematic collection, analysis, and interpretation of publicly available informationโ€ฆ

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06-10-2022 | Energy & Environment
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Biohybrid Solar Cell Market Professional Survey Report 2022 - Jinko Solar, JA SO โ€ฆ
The Biohybrid Solar Cell Market Report 2022 provides a comprehensive analysis of observable trends and projections. This research shows how to attract a large number of customers. Our certified crew of economists, researchers, and advisers has made further attempts in projecting the global industry by utilising accredited global Biohybrid Solar Cell market information tools as well as various instruments and ways to successfully review and get information. The research arguesโ€ฆ
04-05-2022 | Advertising, Media Consulting, โ€ฆ
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Home Solar Power System Market Size, Share, Trends, Growth - Tesla, Panasonic So โ€ฆ
The Global Home Solar Power System Market study includes new innovations, market dynamics, strategic profiling in terms of the future market strategies and shares for the subsectors of the industry. This research consists of details related to the size of the industries, the major players, markets, sales volume and value. This study offers a detail data on the historical data pointers as well as forecasts by region/country for the sectorsโ€ฆ
03-20-2020 | Energy & Environment
Global Market Insights Inc.
Solar PV Module Market Outlook To 2024 - Trina Solar, Canadian Solar Inc., JA So โ€ฆ
Solar PV module market from utility sector has witnessed a substantial growth globally in recent years. In the first quarter of the year, Vietnam's Ministry of Industry and Trade have talked about their FiT scheme related to utility-based solar power projects. Ongoing electrification programs and incentives benefit pertaining to grid connected power generation is surging the demand for on-grid solar PV modules. On-grid connection represented 55% of the overall solarโ€ฆ
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Data Bridge Market Research
Solar Simulator Market Distribution Channel 2019: Spire Solar, Solar Energy Inte โ€ฆ
Solar Simulator Market report aims to examine the developments of market including its market improvements, developments, positions and others. This report on the Solar Simulator market offers explanatory knowledge on the market parts like dominating players, drivers and restraints, production, revenue, consumption, import and export, and the most effective development within the organization size, deployment type, inside, segmentation comprised throughout this analysis, also major the players have used various strategies suchโ€ฆ
11-20-2018 | Energy & Environment
Solar PV Module Market
Solar PV Module Market By Key Vendors: Trina Solar, Canadian Solar Inc., JA Sola โ€ฆ
UK solar PV module market is set to expand owing to government initiatives towards sustainable energy integration. The export tariff introduced by the UK government facilitates USD 0.06 per unit for the surplus electricity injected back to the grid by the generator. Favorable government reforms with ambitious plan towards carbon footprint reduction will further boost the business outlook. Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1563 Solar PV Module Market sizeโ€ฆ
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Machinery and Equipments
Global Solar Thermal Market 2016 Abengoa Solar, SUPCON Solar, Solar Euromed
Global Solar Thermal Market Research Report The MRS Research Group Solar Thermal report by QY Research represents an inclusive evaluation of the Solar Thermal Market and comprises considerable insights, historical data, facts,and statistical and industry-validated data of the global market.Additionally,it consists of estimated data that is evaluated with the help of suitable set of methodologies and assumptions.The MRS Research Group report research highlights informative data and in-depth analysis of Solar Thermalโ€ฆ