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North America Single Axis Solar Tracker Market Trends

Report ID: GMI8836
Published Date: Apr 2024
Report Format: PDF

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North America Single Axis Solar Tracker Market Trends

Increasing demand across various sectors comprising residential, industrial, and commercial aligned with rising investments for replacing conventional sources to sustainable energy plants will influence the product adoption. Moreover, declining cost of components and supportive policies coupled with increasing competition among manufacturers will fuel the industry growth.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

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.

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.

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.

Abengoa, Arctech Solar, Array Technologies, Inc., Ideematec, MECASOLAR, Nextracker Inc., SOLTEC, SunPower Corporation, Trina Solar and Valmont Industries, Inc.