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Residential Solar Tracker Market Share

Report ID: GMI9839
Published Date: Jun 2024
Report Format: PDF

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Residential Solar Tracker Market Share

Residential Solar Tracker Company Market Share

The solar tracker industry is experiencing significant growth, driven by technological advancements and inorganic growth ventures. Increasing adoption of solar energy, Favorable government policies, and advancements in solar tracking technologies will contribute to the industry scenario. Additionally, mergers and acquisitions along with partnerships across the ecosystem will strengthen the market positions to enhance their technological capabilities.

Residential Solar Tracker Market Companies

Eminent players operating in the residential solar tracker industry are:

Array Technologies, Inc.
All Earth Renewables
ArcelorMittal
DEGERENERGIE GMBH & CO. KG
FLEXRACK by Qcells, LLC
GameChange Solar
Haosolar Co. Ltd
IDEEMATEC
PVHardware
MECASOLAR
Nextracker Inc.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size residential solar tracker was reached USD 775.1 million in 2023 and will grow at over 8.2% CAGR between 2024 and 2032, due to growing awareness of environmental issues and the desire for sustainable energy solutions.

The single axis segment in the residential solar tracker market will record USD 1.06 billion by 2032, driven by advancements in tracking technology, their simplicity in design and installation.

Asia Pacific residential solar tracker industry will expand to USD 917 million by 2032, attributed to the region's rapid urbanization, coupled with government initiatives promoting renewable energy adoption.

Array Technologies, Inc., All Earth Renewables, ArcelorMittal, DEGERENERGIE GMBH & CO. KG, FLEXRACK by Qcells, LLC, GameChange Solar, Haosolar Co. Ltd, IDEEMATEC, MECASOLAR, and Nextracker Inc., among others.