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

Utility Solar Tracker Market Share

Report ID: GMI7908
Published Date: Jan 2024
Report Format: PDF

Download Free Sample

Utility Solar Tracker Market Share

Collaboration facilitates the transfer of innovative tracking technologies, allowing companies to integrate advanced features into their products, enhancing overall efficiency and performance. Acquisitions allows companies to diversify their product portfolios, offer comprehensive solar solutions that include utility solar trackers along with other relevant technologies. These strategic initiatives contribute to technology advancements, market expansion, and overall competitiveness.

Utility Solar Tracker Market Companies

Eminent players operating in the utility solar tracker industry are:

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

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of utility solar tracker was worth over USD 23.3 billion in 2023 and is anticipated to surpass USD 34.6 billion by 2032 as these trackers enable solar panels to follow the sun's path, maximizing sunlight exposure and enhancing overall energy production efficiency.

The single axis utility solar tracker market will reach USD 27.1 billion by the year 2032, owing to the innovations comprising of improved control algorithms and sensor technologies along with integration of smart technologies and control systems in solar trackers.

Asia Pacific market for utility solar tracker will record more than 3% CAGR from 2024 to 2032 attributed to the shifting focus on reducing the LCOE (Levelized Cost of Energy) in conjunction with supportive government incentives and policies for the development of solar projects.

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