Global Single Axis Solar PV Tracker Market 2024-2028

Global Single Axis Solar PV Tracker Market 2024-2028

The single axis solar PV tracker market is forecasted to grow by USD 10718.63 mn during 2023-2028, accelerating at a CAGR of 19.07% during the forecast period. The report on the single axis solar PV tracker market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by declining costs of solar power generation, supportive government policies and regulations, and rise in solar PV panel installations.

Technavio's single axis solar PV tracker market is segmented as below:

By Application

• Utility
• Distributed generation

By Type

• Horizontal type
• Vertical type

By Geographical Landscape

• North America
• Europe
• APAC
• South America
• Middle East and Africa

This study identifies the increased adoption of microgrids as one of the prime reasons driving the single axis solar PV tracker market growth during the next few years. Also, increasing conversion efficiency of solar PVs and development of smart cities will lead to sizable demand in the market.

The report on the single axis solar PV tracker market covers the following areas:

• Single axis solar PV tracker market sizing
• Single axis solar PV tracker market forecast
• Single axis solar PV tracker market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading single axis solar PV tracker market vendors that include Abengoa SA, All Earth Renewables, ArcelorMittal SA, Arctech Solar Holding Co Ltd, Array Technologies Inc., First Solar Inc., GameChange Solar, Gensol Engineering Ltd., Grupo Gransolar SL, Hanwha Corp., Haosolar Co. Ltd., IDEEMATEC Germany GmbH, MECANIZADOS SOLARES SL, NOV Inc., Soltec Energias Renovables SL, Sun Action Trackers, Trina Solar Co. Ltd., Valmont Industries Inc., and Flex Ltd.. Also, the single axis solar PV tracker market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth