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North America Solar Tracker Market Trends

Report ID: GMI9641
Published Date: May 2024
Report Format: PDF

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North America Solar Tracker Market Trends

Increasing emphasis on renewable energy and sustainability, along with supportive government policies, will stimulate the industry trend. States like California, Arizona, Texas, and Nevada are leading in the deployment of solar trackers due to their high solar irradiance and large-scale solar farms. Additionally, other areas, including parts of the Midwest and Southeast, are also seeing increased adoption, driven by state-level renewable energy mandates and incentives, which will boost the business scenario.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of North America solar tracker was reached USD 4.25 billion in 2023 and is anticipated to grow at 4.9% CAGR during 2024 to 2032, driven by improvements in tracking technology.

The single axis product segment of the North America solar tracker market will exceed USD 5.9 billion by 2032, due to their balance of cost, complexity, and performance.

U.S. solar tracker market size will expand at over USD 6.32 billion by 2032, owing to their ability to significantly enhance energy production.

ArcelorMittal, Arctech, Array Technologies, Inc, DEGERENERGIE GMBH & CO. KG, GameChange Solar, Gonvarri Solar Steel, IDEEMATEC, Hardware, Nextracker Inc., Powerway Renewable Energy Co., Ltd, SunPower Corporattion , Soltec , Scorpius Trackers, and Trinasolar among others.