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Single Axis Solar Tracker Market Share

Report ID: GMI5791
Published Date: May 2023
Report Format: PDF

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Single Axis Solar Tracker Market Share

The major players operating across single axis solar tracker industry includes

Nextracker Inc.
H2-Trina Solar
Powerway Renewable Energy Co., Ltd
MECASOLAR
SunPower Corporation
Abengoa
Array Technologies, Inc.
Haosolar Co. Ltd
SOLTEC
SmartTrak Solar Systems (Pvt) Ltd.
Scorpius Trackers
All Earth Renewables
DEGERENERGIE GMBH & CO. KG
Arctech
Valmont Industries, Inc.
PVHardware
STI Norland
GameChange Solar
Gonvarri Solar Steel
ArcelorMitta
IDEEMATEC
NCLAVE

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of single axis solar tracker exceeded USD 19.01 million in 2023 and is expected to depict 20.9% CAGR during 2024 to 2032 propelled by government initiatives and regulations and increasing utilization of solar panels globally.

The horizontal segment is primed to reach a valuation of over USD 76.4 million by 2032 as a result of the growing awareness of environmental issues and rising requirements to reduce carbon emissions.

The single axis solar tracker industry size from the commercial & industrial sector will witness 6.5% growth through 2032 owing to technological advancements, along with improved performance and cost-optimizing potential of the unit.

North America single axis solar tracker sector crossed a valuation of USD 3.7 million in 2022 attributed to supportive policies and incentives to promote renewable energy deployment in the region.

Nextracker Inc., H2-Trina Solar, Powerway Renewable Energy Co., Ltd, MECASOLAR, SunPower Corporation, Abengoa, Array Technologies, Inc., Haosolar Co. Ltd, SOLTEC, SmartTrak Solar Systems (Pvt) Ltd., Scorpius Trackers, All Earth Renewables and others.