Home > Energy & Power > Electrical Equipment > Solar Parts and Components > Utility Single Axis Solar Tracker Market

Utility Single Axis Solar Tracker Market Share

Report ID: GMI11755
Published Date: Oct 2024
Report Format: PDF

Download Free Sample

Utility Single Axis Solar Tracker Market Share

Utility Single Axis Solar Tracker Company Market Share

The single axis solar tracker industry in utility-scale solar applications is characterized by a competitive landscape involving major manufacturers, technology innovation, regional dynamics, and cost-efficiency pressures. Key players in this market are increasingly focused on improving tracker technology, expanding global reach, and securing contracts with utility-scale solar developers to meet the rising demand for large-scale solar power generation. Several leading tracker companies have formed alliances with EPC contractors and solar developers to secure large utility scale projects. These partnerships ensure that the tracker technology is integrated early in project planning, leading to better project execution.

Utility Single Axis Solar Tracker Market Companies

Eminent players operating in the utility single axis solar tracker industry are:

ANTAI TECHNOLOGIES CO. LTD.
Arctech
Array Technologies, Inc.
FTC Solar
GameChange Solar
MECASOLAR
NCLAVE
Nextracker Inc.
PVHardware
Scorpius Trackers
SOLTEC
STI Norland
Trina Solar

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The global market for utility single axis solar tracker was crossed USD 16.8 million in 2023 and is projected to record over 21.4% CAGR from 2024 to 2032, owing to the increasing adoption of solar energy.

The horizontal segment is projected to reach USD 69.5 billion by 2032, driven by rising demand for solar energy, technological advancements, and a focus on optimizing solar power generation.

The Asia Pacific utility single axis solar tracker industry is expected to surpass USD 8.5 billion by 2032, propelled by the increasing demand for renewable energy, supportive government policies, and advancements in solar technologies.

Eminent companies in the solar tracking and technology industry include ANTAI TECHNOLOGIES CO. LTD., Arctech, Array Technologies, Inc., FTC Solar, GameChange Solar, MECASOLAR, NCLAVE, Nextracker Inc., PVHardware, Scorpius Trackers, SOLTEC, STI Norland, and Trina Solar. T