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Asia Pacific Solar Tracker Market Share

Report ID: GMI8797
Published Date: Apr 2024
Report Format: PDF

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Asia Pacific Solar Tracker Market Share

Antaisolar, ArcelorMittal, Arctech Solar, Array Technologies, Inc, GameChange Solar and Haosolar Co. Ltd holds majority of the industry share. Large scale consolidation as larger manufacturers acquire smaller players to expand their market share and geographic presence depict the industry scenario. Industry partnerships facilitate the development of integrated solutions, streamline project development processes, and enhance market competitiveness. Collaborative efforts between stakeholders drive innovation, improve project economics, and accelerate the deployment of utility-scale solar projects equipped with solar tracking technology.

Asia Pacific Solar Tracker Market Companies

Major companies operating across the Asia Pacific solar tracker industry are:

Antaisolar
ArcelorMittal
Arctech Solar
Array Technologies, Inc.
GameChange Solar
Haosolar Co. Ltd
Nextracker Inc.
PVHardware
Scorpius Trackers
SOLTEC
SunPower Corporation
Trina Solar

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

Asia Pacific market for solar tracker systems was reached USD 32.2 billion in 2023 and is expected to register 3.8% CAGR from 2024 to 2032, owing to the growing concerns regarding climate change and air pollution along with continuous decline in the cost of solar photovoltaic technology worldwide.

Asia Pacific solar tracker systems market from the single axis solar tracker segment is expected to exceed USD 22.5 billion by 2032 due to their ability to offer improved energy yield and maximizing electricity generation.

Australia solar tracker industry is expected to cross USD 600 million by 2032 due to increasing collaboration and partnerships between tracker manufacturers, solar developers, EPC contractors, and technology providers in the region.

Antaisolar, ArcelorMittal, Arctech Solar, Array Technologies, Inc., GameChange Solar, Haosolar Co. Ltd, Nextracker Inc., PVHardware, Scorpius Trackers, SOLTEC, SunPower Corporation, and Trina Solar, are some of the major solar tracker companies in Asia Pacific.