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Europe Single Axis Solar Tracker Market Trends

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

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Europe Single Axis Solar Tracker Market Trends

Continued technological advancements, supportive policy environments, and growing market demand are expected to drive the product adoption. integration of advanced energy storage solutions, further cost reductions, and the expansion of solar projects in emerging markets across the region coupled with increasing push for renewable energy will enhance the business landscape. Additionally, implementation of smart grid technologies for better integration and management of large-scale solar power, will enhance the grid resilience and efficiency, driving the industry scenario.

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.