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*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Solar Tracker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Market Overview:

The global solar tracker market experienced robust growth during 2014-2019. A solar tracker refers to the device used for orienting a solar panel or solar reflector toward the sun to harness additional sunlight. The trackers are attached to the solar panels to alter their position in sync with the sun irrespective of the weather conditions. This ensures that the solar modules are correctly positioned to gather maximum solar energy and to improve the overall efficiency of the solar panels. Based on the design and tracking mechanism, some of the commonly used variants include active, passive, single-axis and dual-axis trackers. They offer various advantages, such as the generation of additional energy, availability in binary formats and minimal space requirements.

A significant increase in the number of solar panel installations across the globe is one of the key factors driving the growth of the market. Furthermore, the implementation of favorable government policies promoting various solar energy projects driving the market growth. Due to the increasing preference for renewable energy sources among the masses and the growing emphasis on utility-scale projects, solar trackers are being deployed across the residential, commercial and industrial sectors. Additionally, various product innovations, such as the development of more efficient and cost-effective solar photovoltaics and concentrated photovoltaics, are acting as other major growth-inducing factors. These systems are innovatively designed to facilitate low-cost power generation. Other factors, including increasing off-grid energy demand, along with the integration of cloud computing and the Internet of Things (IoT)-based solutions, are expected to drive the market further. Looking forward, IMARC Group expects the global solar tracker market to continue its strong growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global solar tracker market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, type, tracking type, technology and application.

Breakup by Type:

  • Active Solar Tracker
  • Passive Solar Tracker
     

Breakup by Tracking Type:

  • Single Axis Tracking
    • HSAT (Horizontal Single Axis Trackers)   
    • VSAT (Vertical Single Axis Trackers)
    • TSAT (Titled Single Axis Trackers)
    • PSAT (Polar Aligned Single Axis Trackers)
  • Dual Axis Tracking
    • TTDAT (Tip-Tilt Dual Axis Trackers)  
    • AADAT (Azimuth-Altitude Dual Axis Trackers)
       

Breakup by Technology:

  • Solar Photovoltaic (PV)
  • Concentrated Solar Power (CSP)
  • Concentrated Photovoltaic (CPV)
     

Breakup by Application:

  • Utility Sector
  • Residential Sector
  • Commercial Sector
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa


Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Arctech Solar Holding Co. Ltd., Array Technologies Inc., Convert Italia SpA (Valmont Industries Inc.), DEGER energie GmbH & Co KG, First Solar Inc., Nextracker Inc. (Flex Ltd.), Powerway Renewable Energy Co. (SinoTech Power Group), Soltec Energias Renovables S.L. and Sunpower Corporation (Total S.A.).

Key Questions Answered in This Report:

  • How has the global solar tracker market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global solar tracker market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the tracking type?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global solar tracker market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Solar Tracker Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Active Solar Tracker
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Passive Solar Tracker
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Tracking Type
    7.1    Single Axis Tracking
        7.1.1 Market Trends
        7.1.2 Major Types
           7.1.2.1 HSAT (Horizontal Single Axis Trackers)
           7.1.2.2 VSAT (Vertical Single Axis Trackers)
           7.1.2.3 TSAT (Titled Single Axis Trackers)
           7.1.2.4 PSAT (Polar Aligned Single Axis Trackers)   
        7.1.3 Market Forecast
    7.2    Dual Axis Tracking
        7.2.1 Market Trends
        7.2.2 Major Types
           7.2.2.1 TTDAT (Tip-Tilt Dual Axis Trackers)
           7.2.2.2 AADAT (Azimuth-Altitude Dual Axis Trackers)
        7.2.3 Market Forecast
8    Market Breakup by Technology
    8.1    Solar Photovoltaic (PV)
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Concentrated Solar Power (CSP)
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Concentrated Photovoltaic (CPV)
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by Application
    9.1    Utility Sector
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Residential Sector
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Commercial Sector
        9.3.1 Market Trends
        9.3.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Arctech Solar Holding Co. Ltd.
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio 
        15.3.2    Array Technologies Inc.
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
        15.3.3    Convert Italia SpA (Valmont Industries Inc.)
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio 
           15.3.3.3 Financials
        15.3.4    DEGER energie GmbH & Co KG
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio 
           15.3.4.3 Financials
        15.3.5    First Solar Inc.
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio 
           15.3.5.3 Financials 
           15.3.5.4 SWOT Analysis
        15.3.6    Nextracker Inc. (Flex Ltd.)
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio 
        15.3.7    Powerway Renewable Energy Co. (SinoTech Power Group)
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
        15.3.8    Soltec Energias Renovables S.L.
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio 
        15.3.9    Sunpower Corporation (Total S.A.)
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio 
           15.3.9.3 Financials 
           15.3.9.4 SWOT Analysis

List of Figures

Figure 1: Global: Solar Tracker Market: Major Drivers and Challenges
Figure 2: Global: Solar Tracker Market: Sales Value (in Billion US$), 2014-2019
Figure 3: Global: Solar Tracker Market: Breakup by Type (in %), 2019
Figure 4: Global: Solar Tracker Market: Breakup by Tracking Type (in %), 2019
Figure 5: Global: Solar Tracker Market: Breakup by Technology (in %), 2019
Figure 6: Global: Solar Tracker Market: Breakup by Application (in %), 2019
Figure 7: Global: Solar Tracker Market: Breakup by Region (in %), 2019
Figure 8: Global: Solar Tracker Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 9: Global: Solar Tracker (Active Solar Tracker) Market: Sales Value (in Million US$), 2014 & 2019
Figure 10: Global: Solar Tracker (Active Solar Tracker) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 11: Global: Solar Tracker (Passive Solar Tracker) Market: Sales Value (in Million US$), 2014 & 2019
Figure 12: Global: Solar Tracker (Passive Solar Tracker) Market Forecast: Sales Value (in Million US$), 2020-2025 
Figure 13: Global: Solar Tracker (Single Axis Tracking) Market: Sales Value (in Million US$), 2014 & 2019
Figure 14: Global: Solar Tracker (Single Axis Tracking) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 15: Global: Solar Tracker (Dual Axis Tracking) Market: Sales Value (in Million US$), 2014 & 2019
Figure 16: Global: Solar Tracker (Dual Axis Tracking) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 17: Global: Solar Tracker (Solar Photovoltaic- PV) Market: Sales Value (in Million US$), 2014 & 2019
Figure 18: Global: Solar Tracker (Solar Photovoltaic- PV) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 19: Global: Solar Tracker (Concentrated Solar Power- CSP) Market: Sales Value (in Million US$), 2014 & 2019
Figure 20: Global: Solar Tracker (Concentrated Solar Power- CSP) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 21: Global: Solar Tracker (Concentrated Photovoltaic- CPV) Market: Sales Value (in Million US$), 2014 & 2019
Figure 22: Global: Solar Tracker (Concentrated Photovoltaic- CPV) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 23: Global: Solar Tracker (Utility Sector) Market: Sales Value (in Million US$), 2014 & 2019
Figure 24: Global: Solar Tracker (Utility Sector) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 25: Global: Solar Tracker (Residential Sector) Market: Sales Value (in Million US$), 2014 & 2019
Figure 26: Global: Solar Tracker (Residential Sector) Market Forecast: Sales Value (in Million US$), 2020-2025 
Figure 27: Global: Solar Tracker (Commercial Sector) Market: Sales Value (in Million US$), 2014 & 2019
Figure 28: Global: Solar Tracker (Commercial Sector) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 29: North America: Solar Tracker Market: Sales Value (in Million US$), 2014 & 2019
Figure 30: North America: Solar Tracker Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 31: United States: Solar Tracker Market: Sales Value (in Million US$), 2014 & 2019
Figure 32: United States: Solar Tracker Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 33: Canada: Solar Tracker Market: Sales Value (in Million US$), 2014 & 2019
Figure 34: Canada: Solar Tracker Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 35: Asia Pacific: Solar Tracker Market: Sales Value (in Million US$), 2014 & 2019
Figure 36: Asia Pacific: Solar Tracker Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 37: China: Solar Tracker Market: Sales Value (in Million US$), 2014 & 2019
Figure 38: China: Solar Tracker Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 39: Japan: Solar Tracker Market: Sales Value (in Million US$), 2014 & 2019
Figure 40: Japan: Solar Tracker Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 41: India: Solar Tracker Market: Sales Value (in Million US$), 2014 & 2019
Figure 42: India: Solar Tracker Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 43: South Korea: Solar Tracker Market: Sales Value (in Million US$), 2014 & 2019
Figure 44: South Korea: Solar Tracker Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 45: Australia: Solar Tracker Market: Sales Value (in Million US$), 2014 & 2019
Figure 46: Australia: Solar Tracker Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 47: Indonesia: Solar Tracker Market: Sales Value (in Million US$), 2014 & 2019
Figure 48: Indonesia: Solar Tracker Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 49: Others: Solar Tracker Market: Sales Value (in Million US$), 2014 & 2019
Figure 50: Others: Solar Tracker Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 51: Europe: Solar Tracker Market: Sales Value (in Million US$), 2014 & 2019
Figure 52: Europe: Solar Tracker Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 53: Germany: Solar Tracker Market: Sales Value (in Million US$), 2014 & 2019
Figure 54: Germany: Solar Tracker Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 55: France: Solar Tracker Market: Sales Value (in Million US$), 2014 & 2019
Figure 56: France: Solar Tracker Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 57: United Kingdom: Solar Tracker Market: Sales Value (in Million US$), 2014 & 2019
Figure 58: United Kingdom: Solar Tracker Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 59: Italy: Solar Tracker Market: Sales Value (in Million US$), 2014 & 2019
Figure 60: Italy: Solar Tracker Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 61: Spain: Solar Tracker Market: Sales Value (in Million US$), 2014 & 2019
Figure 62: Spain: Solar Tracker Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 63: Russia: Solar Tracker Market: Sales Value (in Million US$), 2014 & 2019
Figure 64: Russia: Solar Tracker Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 65: Others: Solar Tracker Market: Sales Value (in Million US$), 2014 & 2019
Figure 66: Others: Solar Tracker Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 67: Latin America: Solar Tracker Market: Sales Value (in Million US$), 2014 & 2019
Figure 68: Latin America: Solar Tracker Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 69: Brazil: Solar Tracker Market: Sales Value (in Million US$), 2014 & 2019
Figure 70: Brazil: Solar Tracker Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 71: Mexico: Solar Tracker Market: Sales Value (in Million US$), 2014 & 2019
Figure 72: Mexico: Solar Tracker Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 73: Others: Solar Tracker Market: Sales Value (in Million US$), 2014 & 2019
Figure 74: Others: Solar Tracker Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 75: Middle East and Africa: Solar Tracker Market: Sales Value (in Million US$), 2014 & 2019
Figure 76: Middle East and Africa: Solar Tracker Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 77: Global: Solar Tracker Industry: SWOT Analysis
Figure 78: Global: Solar Tracker Industry: Value Chain Analysis
Figure 79: Global: Solar Tracker Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Solar Tracker Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Solar Tracker Market Forecast: Breakup by Type (in Million US$), 2020-2025 
Table 3: Global: Solar Tracker Market Forecast: Breakup by Tracking Type (in Million US$), 2020-2025
Table 4: Global: Solar Tracker Market Forecast: Breakup by Technology (in Million US$), 2020-2025
Table 5: Global: Solar Tracker Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 6: Global: Solar Tracker Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 7: Global: Solar Tracker Market Structure
Table 8: Global: Solar Tracker Market: Key Players

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