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Solar Trackers-Global Market Insights and Sales Trends 2025

Solar Trackers-Global Market Insights and Sales Trends 2025

Publishing Date : Mar, 2025

License Type :
 

Report Code : 1862913

No of Pages : 111

Synopsis
Solar trackers are utilized to move photovoltaic panels toward the sun to utilize more sunlight. They enable solar modules to remain in the best position to accumulate maximum energy from the sun. The application of tracking technology allows solar panels to follow the movement of the sun and increase electricity production as compared to a stationary array. Solar trackers are attached to solar panels to adjust their positioning against the daily passage of the sun throughout the year as the weather and seasons change.
The global Solar Trackers market size is expected to reach US$ 683.9 million by 2029, growing at a CAGR of 18.1% from 2023 to 2029. The market is mainly driven by the significant applications of Solar Trackers in various end use industries. The expanding demands from the Utility and Non-Utility, are propelling Solar Trackers market. Single Axis, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Dual Axis segment is estimated at % CAGR for the next seven-year period.
China has implemented the Renewable Energy Law since 2006, in which Article 4 clearly states that, the State gives first priority to the exploration of renewable energy. Over the years, various departments of the Chinese government have successively issued a large number of policies, covering production, sales, taxation, subsidies and other aspects. After setting the carbon neutrality goal in 2021, from a national perspective, the upgrading of the energy structure is ever imperative, and therefore the optoelectronic industry has great potential. The European Commission released the Net-Zero Industry Act in 2023. This bill aims to stimulate local manufacturing in Europe, reduce import dependence on China, and ensure that at least 40% of the EU's clean energy demand can be met by 2030. The EU targets an installed solar capacity of 600 GW. Overall, the European market still has a lot of room for development. US 2022 release of the Inflation Reduction Act, which includes $369 billion for energy security and climate change investments. For the photovoltaic industry, the bill stimulates its development from multiple aspects such as corporate and individual tax credits, production subsidies, and loans throughout the industry chain, and revitalizes the domestic manufacturing industry in the United States. Japanese authorities plan to make solar panels mandatory for new residential buildings in Tokyo from 2025 onwards. It is estimated that by 2030, photovoltaic power generation will account for 14%-16% of Japan's total power generation, and the cumulative installed capacity of photovoltaic systems will be about 117.320 GW.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Solar Trackers, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Solar Trackers market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Solar Trackers market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Solar Trackers sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Solar Trackers covered in this report include Soitec SA, Arctech, Array Technologies, Convert Italia, First Solar, NEXTracker, Abengoa, AllEarth Renewables and Edisun Microgrids, etc.
The global Solar Trackers market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Soitec SA
Arctech
Array Technologies
Convert Italia
First Solar
NEXTracker
Abengoa
AllEarth Renewables
Edisun Microgrids
Exosun
GameChange Solar
Haosolar
Mahindra Susten
Scorpius Trackers
Solar FlexRack
Sun Action Trackers
SunLink
SunPower
Global Solar Trackers market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Solar Trackers market, Segment by Type:
Single Axis
Dual Axis
Global Solar Trackers market, by Application
Utility
Non-Utility
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Solar Trackers manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Solar Trackers in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index
1 Solar Trackers Market Overview
1.1 Solar Trackers Product Overview
1.2 Solar Trackers Market Segment by Type
1.2.1 Single Axis
1.2.2 Dual Axis
1.3 Global Solar Trackers Market Size by Type
1.3.1 Global Solar Trackers Market Size Overview by Type (2018-2029)
1.3.2 Global Solar Trackers Historic Market Size Review by Type (2018-2023)
1.3.3 Global Solar Trackers Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Solar Trackers Sales Breakdown by Type (2018-2023)
1.4.2 Europe Solar Trackers Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Solar Trackers Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Solar Trackers Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Solar Trackers Sales Breakdown by Type (2018-2023)
2 Global Solar Trackers Market Competition by Company
2.1 Global Top Players by Solar Trackers Sales (2018-2023)
2.2 Global Top Players by Solar Trackers Revenue (2018-2023)
2.3 Global Top Players by Solar Trackers Price (2018-2023)
2.4 Global Top Manufacturers Solar Trackers Manufacturing Base Distribution, Sales Area, Product Type
2.5 Solar Trackers Market Competitive Situation and Trends
2.5.1 Solar Trackers Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Solar Trackers Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Solar Trackers as of 2022)
2.7 Date of Key Manufacturers Enter into Solar Trackers Market
2.8 Key Manufacturers Solar Trackers Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Solar Trackers Status and Outlook by Region
3.1 Global Solar Trackers Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Solar Trackers Historic Market Size by Region
3.2.1 Global Solar Trackers Sales in Volume by Region (2018-2023)
3.2.2 Global Solar Trackers Sales in Value by Region (2018-2023)
3.2.3 Global Solar Trackers Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Solar Trackers Forecasted Market Size by Region
3.3.1 Global Solar Trackers Sales in Volume by Region (2024-2029)
3.3.2 Global Solar Trackers Sales in Value by Region (2024-2029)
3.3.3 Global Solar Trackers Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Solar Trackers by Application
4.1 Solar Trackers Market Segment by Application
4.1.1 Utility
4.1.2 Non-Utility
4.2 Global Solar Trackers Market Size by Application
4.2.1 Global Solar Trackers Market Size Overview by Application (2018-2029)
4.2.2 Global Solar Trackers Historic Market Size Review by Application (2018-2023)
4.2.3 Global Solar Trackers Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Solar Trackers Sales Breakdown by Application (2018-2023)
4.3.2 Europe Solar Trackers Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Solar Trackers Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Solar Trackers Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Solar Trackers Sales Breakdown by Application (2018-2023)
5 North America Solar Trackers by Country
5.1 North America Solar Trackers Historic Market Size by Country
5.1.1 North America Solar Trackers Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Solar Trackers Sales in Volume by Country (2018-2023)
5.1.3 North America Solar Trackers Sales in Value by Country (2018-2023)
5.2 North America Solar Trackers Forecasted Market Size by Country
5.2.1 North America Solar Trackers Sales in Volume by Country (2024-2029)
5.2.2 North America Solar Trackers Sales in Value by Country (2024-2029)
6 Europe Solar Trackers by Country
6.1 Europe Solar Trackers Historic Market Size by Country
6.1.1 Europe Solar Trackers Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Solar Trackers Sales in Volume by Country (2018-2023)
6.1.3 Europe Solar Trackers Sales in Value by Country (2018-2023)
6.2 Europe Solar Trackers Forecasted Market Size by Country
6.2.1 Europe Solar Trackers Sales in Volume by Country (2024-2029)
6.2.2 Europe Solar Trackers Sales in Value by Country (2024-2029)
7 Asia-Pacific Solar Trackers by Region
7.1 Asia-Pacific Solar Trackers Historic Market Size by Region
7.1.1 Asia-Pacific Solar Trackers Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Solar Trackers Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Solar Trackers Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Solar Trackers Forecasted Market Size by Region
7.2.1 Asia-Pacific Solar Trackers Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Solar Trackers Sales in Value by Region (2024-2029)
8 Latin America Solar Trackers by Country
8.1 Latin America Solar Trackers Historic Market Size by Country
8.1.1 Latin America Solar Trackers Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Solar Trackers Sales in Volume by Country (2018-2023)
8.1.3 Latin America Solar Trackers Sales in Value by Country (2018-2023)
8.2 Latin America Solar Trackers Forecasted Market Size by Country
8.2.1 Latin America Solar Trackers Sales in Volume by Country (2024-2029)
8.2.2 Latin America Solar Trackers Sales in Value by Country (2024-2029)
9 Middle East and Africa Solar Trackers by Country
9.1 Middle East and Africa Solar Trackers Historic Market Size by Country
9.1.1 Middle East and Africa Solar Trackers Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Solar Trackers Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Solar Trackers Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Solar Trackers Forecasted Market Size by Country
9.2.1 Middle East and Africa Solar Trackers Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Solar Trackers Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Soitec SA
10.1.1 Soitec SA Company Information
10.1.2 Soitec SA Introduction and Business Overview
10.1.3 Soitec SA Solar Trackers Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Soitec SA Solar Trackers Products Offered
10.1.5 Soitec SA Recent Development
10.2 Arctech
10.2.1 Arctech Company Information
10.2.2 Arctech Introduction and Business Overview
10.2.3 Arctech Solar Trackers Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Arctech Solar Trackers Products Offered
10.2.5 Arctech Recent Development
10.3 Array Technologies
10.3.1 Array Technologies Company Information
10.3.2 Array Technologies Introduction and Business Overview
10.3.3 Array Technologies Solar Trackers Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Array Technologies Solar Trackers Products Offered
10.3.5 Array Technologies Recent Development
10.4 Convert Italia
10.4.1 Convert Italia Company Information
10.4.2 Convert Italia Introduction and Business Overview
10.4.3 Convert Italia Solar Trackers Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Convert Italia Solar Trackers Products Offered
10.4.5 Convert Italia Recent Development
10.5 First Solar
10.5.1 First Solar Company Information
10.5.2 First Solar Introduction and Business Overview
10.5.3 First Solar Solar Trackers Sales, Revenue and Gross Margin (2018-2023)
10.5.4 First Solar Solar Trackers Products Offered
10.5.5 First Solar Recent Development
10.6 NEXTracker
10.6.1 NEXTracker Company Information
10.6.2 NEXTracker Introduction and Business Overview
10.6.3 NEXTracker Solar Trackers Sales, Revenue and Gross Margin (2018-2023)
10.6.4 NEXTracker Solar Trackers Products Offered
10.6.5 NEXTracker Recent Development
10.7 Abengoa
10.7.1 Abengoa Company Information
10.7.2 Abengoa Introduction and Business Overview
10.7.3 Abengoa Solar Trackers Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Abengoa Solar Trackers Products Offered
10.7.5 Abengoa Recent Development
10.8 AllEarth Renewables
10.8.1 AllEarth Renewables Company Information
10.8.2 AllEarth Renewables Introduction and Business Overview
10.8.3 AllEarth Renewables Solar Trackers Sales, Revenue and Gross Margin (2018-2023)
10.8.4 AllEarth Renewables Solar Trackers Products Offered
10.8.5 AllEarth Renewables Recent Development
10.9 Edisun Microgrids
10.9.1 Edisun Microgrids Company Information
10.9.2 Edisun Microgrids Introduction and Business Overview
10.9.3 Edisun Microgrids Solar Trackers Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Edisun Microgrids Solar Trackers Products Offered
10.9.5 Edisun Microgrids Recent Development
10.10 Exosun
10.10.1 Exosun Company Information
10.10.2 Exosun Introduction and Business Overview
10.10.3 Exosun Solar Trackers Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Exosun Solar Trackers Products Offered
10.10.5 Exosun Recent Development
10.11 GameChange Solar
10.11.1 GameChange Solar Company Information
10.11.2 GameChange Solar Introduction and Business Overview
10.11.3 GameChange Solar Solar Trackers Sales, Revenue and Gross Margin (2018-2023)
10.11.4 GameChange Solar Solar Trackers Products Offered
10.11.5 GameChange Solar Recent Development
10.12 Haosolar
10.12.1 Haosolar Company Information
10.12.2 Haosolar Introduction and Business Overview
10.12.3 Haosolar Solar Trackers Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Haosolar Solar Trackers Products Offered
10.12.5 Haosolar Recent Development
10.13 Mahindra Susten
10.13.1 Mahindra Susten Company Information
10.13.2 Mahindra Susten Introduction and Business Overview
10.13.3 Mahindra Susten Solar Trackers Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Mahindra Susten Solar Trackers Products Offered
10.13.5 Mahindra Susten Recent Development
10.14 Scorpius Trackers
10.14.1 Scorpius Trackers Company Information
10.14.2 Scorpius Trackers Introduction and Business Overview
10.14.3 Scorpius Trackers Solar Trackers Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Scorpius Trackers Solar Trackers Products Offered
10.14.5 Scorpius Trackers Recent Development
10.15 Solar FlexRack
10.15.1 Solar FlexRack Company Information
10.15.2 Solar FlexRack Introduction and Business Overview
10.15.3 Solar FlexRack Solar Trackers Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Solar FlexRack Solar Trackers Products Offered
10.15.5 Solar FlexRack Recent Development
10.16 Sun Action Trackers
10.16.1 Sun Action Trackers Company Information
10.16.2 Sun Action Trackers Introduction and Business Overview
10.16.3 Sun Action Trackers Solar Trackers Sales, Revenue and Gross Margin (2018-2023)
10.16.4 Sun Action Trackers Solar Trackers Products Offered
10.16.5 Sun Action Trackers Recent Development
10.17 SunLink
10.17.1 SunLink Company Information
10.17.2 SunLink Introduction and Business Overview
10.17.3 SunLink Solar Trackers Sales, Revenue and Gross Margin (2018-2023)
10.17.4 SunLink Solar Trackers Products Offered
10.17.5 SunLink Recent Development
10.18 SunPower
10.18.1 SunPower Company Information
10.18.2 SunPower Introduction and Business Overview
10.18.3 SunPower Solar Trackers Sales, Revenue and Gross Margin (2018-2023)
10.18.4 SunPower Solar Trackers Products Offered
10.18.5 SunPower Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Solar Trackers Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Solar Trackers Industrial Chain Analysis
11.4 Solar Trackers Market Dynamics
11.4.1 Solar Trackers Industry Trends
11.4.2 Solar Trackers Market Drivers
11.4.3 Solar Trackers Market Challenges
11.4.4 Solar Trackers Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Solar Trackers Distributors
12.3 Solar Trackers Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer

Published By : QY Research

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