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Europe Single Axis Solar Tracker Market Share

Report ID: GMI9729
Published Date: Jun 2024
Report Format: PDF

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Europe Single Axis Solar Tracker Market Share

Europe Single Axis Solar Tracker Company Market Share

Corporations seeking to meet sustainability goals are entering into power purchase agreements (PPAs) for renewable energy, including solar projects equipped with single-axis trackers. This trend supports the growth of large-scale solar installations. Increasing commitments from corporations and municipalities to adopt renewable energy solutions, including solar projects with single-axis trackers, as part of their sustainability strategies will complement the industry landscape.

Europe Single Axis Solar Tracker Market Companies

Eminent players operating in the Europe single axis solar tracker industry are:

Arctech
ArcelorMittal
DEGERENERGIE GMBH & CO. KG
GameChange Solar
Gonvarri Solar Steel
MECASOLAR
Nextracker Inc.
Powerway Renewable Energy Co., Ltd
PVHardware
SOLTEC
STI Norland
Trina Solar
Valmont Industries, Inc

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of Europe single axis solar tracker was reached USD 4.5 billion in 2023 and is anticipated to grow at 6.1% CAGR during 2024 to 2032, driven by growing technological advancements.

The horizontal segment in the Europe single axis solar tracker market is anticipated to exceed USD 54.1 billion by 2032, on account of increased energy production and enhanced system efficiency.

Germany single axis solar tracker market size is anticipated to grow by more than USD 2.5 billion by 2032, driven by technological advancements in solar PV modules and tracking systems, which has increased the efficiency of solar trackers.

Arctech, ArcelorMittal, DEGERENERGIE GMBH & CO. KG, GameChange Solar, Gonvarri Solar Steel, MECASOLAR, and Nextracker Inc. among others.