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North America Single Axis Solar Tracker Market Share
Abengoa, Arctech Solar, Array Technologies, Inc., Ideematec, MECASOLAR and Nextracker Inc. holds majority of the industry share. Agreements between companies and research institutions support collaborative R&D efforts aimed at improving single axis solar tracker design, functionality, and integration with other renewable energy technologies. These collaborations streamline project development processes, reduce implementation costs, and enhance overall project economics, making single axis solar trackers more attractive to customers and investors.
North America Single Axis Solar Tracker Market Companies
Major Key players operating across the North America single axis solar tracker industry include:
- Abengoa
- Arctech Solar
- Array Technologies, Inc.
- Ideematec
- MECASOLAR
- Nextracker Inc.
- SOLTEC
- SunPower Corporation
- Trina Solar
- Valmont Industries, Inc.
Mention the key players involved in North America single axis solar tracker industry?
Abengoa, Arctech Solar, Array Technologies, Inc., Ideematec, MECASOLAR, Nextracker Inc., SOLTEC, SunPower Corporation, Trina Solar and Valmont Industries, Inc.
Why is single axis solar tracker industry growing in the U.S.?
U.S. single axis solar tracker market is projected to grow at USD 5 billion by 2032, attributed to the strong emphasis on environmental sustainability coupled with growing demand in regions with abundant solar resources.
Why is the demand for horizontal single axis solar trackers is growing in North America?
North America horizontal single axis solar tracker market is predicted to surpass USD 5 billion by 2032, driven by the technological advancements that enhance the reliability and effectiveness along with decrease in levelized cost of electricity.
How big is the North America single axis solar tracker market?
The market size of North America single axis solar tracker was reached USD 3.7 billion in 2023 and is anticipated to grow at 4.6% CAGR till 2032, owing to the supportive government policies promoting the extensive utilization of solar power in line with widespread adoption of sustainable and clean energy sources.