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Published: Jun, 2019 | Pages:
120 | Publisher: Grand View Research
Industry: Energy | Report Format: Electronic (PDF)
The global solar tracker market is anticipated to reach USD 7.35 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 14.1% during the forecast period. Increasing demand for photovoltaic cells and favorable government regulations in most regions across the globe is expected to drive the growth. Rising prices of electricity are also anticipated to fuel the growth in the forthcoming years. North America and Europe held considerable market share in the past and are expected to drive the growth in the future as well due to growing installed capacities. Moreover, supportive regulations for installation and increasing R&D for improvement of the technology are also projected to propel the market. Growing purchase rate of solar trackers is an opportunity for the manufacturers to achieve economies of scale. Moreover, increasing efforts by the producers to expand product portfolio and strengthen their market is anticipated to create more opportunities for the market players. Increasing favorable investment on unconventional energy source like FIT schemes by Spain is trending in the market. Moreover, increasing use of Concentrator Photovoltaic (CPV) in solar trackers for more efficiency and due to less cost of CPV systems is another trend observed in the market. These trends are expected to contribute significantly to the market growth. Further key findings from the report suggest: • Demand for solar trackers is expected to grow significantly during the forecast period due to supportive regulations from the government, growing installation capacities, and strict regulations for controlling environmental emissions • Photovoltaic cells segment is expected to propel at a CAGR of 18.4% in terms of installed capacity from 2019 to 2025 due to increasing demand and supply gap for electricity and better compatibility of photovoltaic cells with the photovoltaic modules technologies • Utility segment accounted for a considerable market share and is expected expand at a CAGR of 18.8% from 2019 to 2025 due to rising electricity prices and demand for renewable energy source • Single axis tracker is also expected to expand at a CAGR of 13.7% in terms of revenue in the forthcoming years owing to increasing preference for residential and commercial use and high performance of solar trackers due to single axis tracker in high resolution areas • Manufacturers in the solar tracker market focus on shifting their manufacturing bases in emerging economies like China and India due to low production and labor cost in these regions
Table of Contents Chapter 1 Methodology and Scope 1.1 Market Definition, Segmentation & Scope 1.2 Information Procurement 1.2.1 Purchased Database 1.2.2 GVR's Internal Database 1.2.3 Secondary Sources 1.2.4 Third Party PeRspective 1.2.5 Primary Research 1.3 Information Analysis & Data Analysis Models 1.4 List of Data Sources 1.5 List of Abbreviations Chapter 2 Executive Summary 2.1 Market Outlook 2.2 Segmental Outlook 2.3 Competitive Insights Chapter 3 Market Variables, Trends & Scope 3.1 Market Lineage 3.1.1 Global Solar Tracker Market Outlook 3.2 Penetration & Growth Prospect Mapping 3.3 Industry Value Chain Analysis 3.4 Technology Overview 3.4.1 Solar Photovoltaic 3.4.2 Concentrator Photovoltaic (CPV) 3.4.3 Concentrated solar power (CSP) 3.4.4 Single axis solar tracker 3.4.5 Dual axis solar tracker 3.4.6 DEGER Tracking Systems 3.4.7 Altitude/elevation Tracking 3.4.8 Chronological Solar Tracker 3.4.9 Active tracker 3.5 Regulatory Framework 3.5.1 Standard & Compliances 3.6 Market Dynamics 3.6.1 Market Driver analysis 3.6.1.1 Increasing demand for photovoltaic cells 3.6.1.2 Solar tracker increases the efficiency of solar cells 3.6.1.3 Government incentive schemes and Feed-in Tariff’s (FITs) 3.6.2 Market restraint analysis 3.6.2.1 Capital intensive technology 3.7 Business Environment Analysis: Solar Tracker Market 3.7.1 Industry Analysis - Porters Model 3.7.1.1 Supplier Power 3.7.1.2 Buyer Power 3.7.1.3 Substitution Threat 3.7.1.4 Threat from New Entrant 3.7.1.5 Industry Rivalry 3.7.2 PESTEL ANALYSIS 3.7.2.1 Political Landscape 3.7.2.2 Economic Landscape 3.7.2.3 Social Landscape 3.7.2.4 Technology Landscape 3.7.2.5 Environmental Landscape 3.7.2.6 Legal Landscape Chapter 4 Solar Tracker Market: By Technology Estimates & Trend Analysis 4.1 Solar tracker Market: Technology Movement Analysis 4.2 Market, by Technology, 2014 - 2025 (Megawatts) 4.2.1 Market estimates & forecasts, by Technology, 2014 - 2025 4.3 Solar PV 4.3.1 Market estimates and forecasts,in Solar PV, 2014 - 2025 (Megawatts) 4.3.2 Market estimates and forecasts, in Solar PV, by region, 2014 - 2025 (Megawatts) 4.4 Concentrator Photovoltaic (CPV) 4.4.1 Market estimates and forecasts, in Concentrator Photovoltaic (CPV), 2014 - 2025 (Megawatts) 4.4.2 Market estimates and forecasts, in Concentrator Photovoltaic (CPV), by region 2014 - 2025 (Megawatts) 4.5 Concentrator Photovoltaic (CPV) 4.5.1 Market estimates & forecasts, in Concentrator Photovoltaic (CPV), 2014 - 2025 (Megawatts) 4.5.2 Market estimates & forecasts, in Concentrator Photovoltaic (CPV), by region, 2014 - 2025 (Megawatts) Chapter 5 Solar Tracker Market: By Product Estimate & Trend Analysis 5.1 Solar tracker Market: Product Movement Analysis 5.2 Market, by Product, 2014 - 2025 (Megawatts) (USD Million) 5.2.1 Market estimates & forecasts, by Product, 2014 - 2025 5.3 Single axis 5.3.1 Market estimates and forecasts,in Single axis, 2014 - 2025 (Megawatts) (USD Million) 5.3.2 Market estimates and forecasts, in Single axis, by region, 2014 - 2025 (Megawatts) (USD Million) 5.4 Dual axis 5.4.1 Market estimates and forecasts, in Dual axis, 2014 - 2025 (Megawatts) (USD Million) 5.4.2 Market estimates and forecasts, in Dual axis, by region 2014 - 2025 (Megawatts) (USD Million) Chapter 6 Solar Tracker Market: By Application Estimates & Trend Analysis 6.1 Solar tracker Market: Application Movement Analysis 6.2 Market, by Technology, 2014 - 2025 (Megawatts) 6.2.1 Market estimates & forecasts, by Application, 2014 - 2025 6.3 Utility 6.3.1 Market estimates and forecasts,in Utility, 2014 - 2025 (Megawatts) 6.3.2 Market estimates and forecasts, in Utility, by region, 2014 - 2025 (Megawatts) 6.4 Non-utility 6.4.1 Market estimates and forecasts, in Non-utility, 2014 - 2025 (Megawatts) 6.4.2 Market estimates and forecasts, in Non-utility, by region 2014 - 2025 (Megawatts) Chapter 7 Solar Tracker Market: Regional Estimates & Trend Analysis 7.1 Market, by Region, 2014 - 2025 7.1.1 Market estimates & forecasts, 2014 - 2025 7.2 North America 7.2.1 Market estimates & forecasts, 2014 - 2025 (MEgawatts) 7.2.2 Market estimates & forecasts, by Technology, 2014 - 2025 (Megawatts) 7.2.3 Market estimates & forecasts, by Product, 2014 - 2025 (Megawatts) (USD Million) 7.2.4 Market estimates & forecasts, by Application, 2014 - 2025 (Megawatts) 7.2.5 U.S. 7.2.5.1 Market estimates & forecasts, 2014 - 2025 (Megawatts) 7.2.5.2 Market estimates & forecasts, by technology, 2014 - 2025 (Megawatts) 7.2.5.3 Market estimates & forecasts, by product, 2014 - 2025 (Megawatts) (USD Million) 7.2.5.4 Market estimates & forecasts, by application, 2014 - 2025 (Megawatts) 7.2.6 Canada 7.2.6.1 Market estimates & forecasts, 2014 - 2025 (Megawatts) 7.2.6.2 Market estimates & forecasts, by technology, 2014 - 2025 (Megawatts) 7.2.6.3 Market estimates & forecasts, by product, 2014 - 2025 (Megawatts) (USD Million) 7.2.6.4 Market estimates & forecasts, by application, 2014 - 2025 (Megawatts) 7.3 Europe 7.3.1 Market estimates & forecasts, 2014 - 2025 (MEgawatts) 7.3.2 Market estimates & forecasts, by Technology, 2014 - 2025 (Megawatts) 7.3.3 Market estimates & forecasts, by Product, 2014 - 2025 (Megawatts) (USD Million) 7.3.4 Market estimates & forecasts, by Application, 2014 - 2025 (Megawatts) 7.3.5 Spain 7.3.5.1 Market estimates & forecasts, 2014 - 2025 (Megawatts) 7.3.5.2 Market estimates & forecasts, by technology, 2014 - 2025 (Megawatts) 7.3.5.3 Market estimates & forecasts, by product, 2014 - 2025 (Megawatts) (USD Million) 7.3.5.4 Market estimates & forecasts, by application, 2014 - 2025 (Megawatts) 7.3.6 Germany 7.3.6.1 Market estimates & forecasts, 2014 - 2025 (Megawatts) 7.3.6.2 Market estimates & forecasts, by technology, 2014 - 2025 (Megawatts) 7.3.6.3 Market estimates & forecasts, by product, 2014 - 2025 (Megawatts) (USD Million) 7.3.6.4 Market estimates & forecasts, by application, 2014 - 2025 (Megawatts) 7.4 Asia Pacific 7.4.1 Market estimates & forecasts, 2014 - 2025 (MEgawatts) 7.4.2 Market estimates & forecasts, by Technology, 2014 - 2025 (Megawatts) 7.4.3 Market estimates & forecasts, by Product, 2014 - 2025 (Megawatts) (USD Million) 7.4.4 Market estimates & forecasts, by Application, 2014 - 2025 (Megawatts) 7.4.5 China 7.4.5.1 Market estimates & forecasts, 2014 - 2025 (Megawatts) 7.4.5.2 Market estimates & forecasts, by technology, 2014 - 2025 (Megawatts) 7.4.5.3 Market estimates & forecasts, by product, 2014 - 2025 (Megawatts) (USD Million) 7.4.5.4 Market estimates & forecasts, by application, 2014 - 2025 (Megawatts) 7.4.6 India 7.4.6.1 Market estimates & forecasts, 2014 - 2025 (Megawatts) 7.4.6.2 Market estimates & forecasts, by technology, 2014 - 2025 (Megawatts) 7.4.6.3 Market estimates & forecasts, by product, 2014 - 2025 (Megawatts) (USD Million) 7.4.6.4 Market estimates & forecasts, by application, 2014 - 2025 (Megawatts) 7.4.7 Japan 7.4.7 1 Market estimates & forecasts, 2014 - 2025 (Megawatts) 7.4.7.2 Market estimates & forecasts, by technology, 2014 - 2025 (Megawatts) 7.4.7.3 Market estimates & forecasts, by product, 2014 - 2025 (Megawatts) (USD Million) 7.4.7.4 Market estimates & forecasts, by application, 2014 - 2025 (Megawatts) 7.5 Central & South America 7.5.1 Market estimates & forecasts, 2014 - 2025 (MEgawatts) 7.5.2 Market estimates & forecasts, by Technology, 2014 - 2025 (Megawatts) 7.5.3 Market estimates & forecasts, by Product, 2014 - 2025 (Megawatts) (USD Million) 7.5.4 Market estimates & forecasts, by Application, 2014 - 2025 (Megawatts) 7.5.5 Brazil 7.5.5.1 Market estimates & forecasts, 2014 - 2025 (Megawatts) 7.5.5.2 Market estimates & forecasts, by technology, 2014 - 2025 (Megawatts) 7.5.5.3 Market estimates & forecasts, by product, 2014 - 2025 (Megawatts) (USD Million) 7.5.5.4 Market estimates & forecasts, by application, 2014 - 2025 (Megawatts) 7.6 Middle East & Africa 7.6.1 Market estimates & forecasts, 2014 - 2025 (MEgawatts) 7.6.2 Market estimates & forecasts, by Technology, 2014 - 2025 (Megawatts) 7.6.3 Market estimates & forecasts, by Product, 2014 - 2025 (Megawatts) (USD Million) 7.6.4 Market estimates & forecasts, by Application, 2014 - 2025 (Megawatts) Chapter 8 Solar Tracker Market: Competitive Landscape 8.1 Competitive Environment 8.2 Strategy Framework 8.3 Vendor Landscape 8.4 Public Companies 8.4.1 Company Market position analysis 8.4.2 SWOT ANALYSIS 8.5 Private Companies Chapter 9 Solar Tracker Market: Company Profiles 9.1 SunPower Corporation 9.1.1 Company overview 9.1.2 Financial performance 9.1.3 Product benchmarking 9.1.4 Recent Developments 9.2 Wuxi HaoSolar Technology 9.2.1 Company overview 9.2.2 Financial performance 9.2.3 Product benchmarking 9.2.4 Recent Developments 9.3 Abengoa Solar S.A. 9.3.1 Company overview 9.3.2 Financial performance 9.3.3 Product benchmarking 9.3.4 Recent Developments 9.4 Array Technologies Inc. 9.4.1 Company overview 9.4.2 Financial performance 9.4.4 Product benchmarking 9.4.5 Recent Developments 9.5 AllEarth Renewables Inc. 9.5.1 Company overview 9.5.2 Financial performance 9.5.3 Product benchmarking 9.5.4 Recent Developments 9.6 DEGERenergie GmbH 9.6.1 Company overview 9.6.2 Financial performance 9.6.3 Product benchmarking 9.6.4 Recent Developments 9.7 Grupo Clavijo 9.7.1 Company overview 9.7.2 Financial performance 9.7.3 Product benchmarking 9.7.4 Recent Developments 9.8 Titan Tracker SL 9.8.1 Company overview 9.8.2 Financial performance 9.8.3 Product benchmarking 9.8.4 Recent Developments 9.9 Powerway Renewable Energy Co. 9.9.1 Company overview 9.9.2 Financial performance 9.9.3 Product benchmarking 9.9.4 Recent Developments 9.10 Energia Ercam SL 9.10.1 Company overview 9.10.2 Financial performance 9.10.3 Product benchmarking 9.10.4 Recent Developments 9.11 Mecasolar España SL 9.11.1 Company overview 9.11.2 Financial performance 9.11.3 Product benchmarking 9.11.4 Recent Developments 9.12 First Solar Inc. 9.12.1 Company overview 9.12.2 Financial performance 9.12.3 Product benchmarking 9.12.4 Recent Developments
List of Tables TABLE 1 List of Abbreviations TABLE 2 Technology Comparison TABLE 3 Key International Regulations TABLE 4 Global solar tracker capacity estimates & forecasts, by technology, 2014 - 2025 (Megawatts) TABLE 5 Global solar tracker capacity estimates & forecasts, in solar PV, 2014 - 2025 (Megawatts) TABLE 6 Global solar tracker capacity estimates & forecasts, in solar PV,, by region, 2014 - 2025 (Megawatts) TABLE 7 Global solar tracker capacity estimates & forecasts, in CPV, 2014 - 2025 (Megawatts) TABLE 8 Global solar tracker capacity estimates & forecasts, in CPV, by region, 2014 - 2025 (Megawatts) TABLE 9 Global solar tracker market capacity estimates & forecasts, in CSP, 2014 - 2025 (Megawatts) TABLE 10 Global solar tracker market capacity estimates & forecasts, in CSP, 2014 - 2025, by region (Megawatts) TABLE 11 Global solar tracker capacity estimates & forecasts, by product, 2014 - 2025 (Megawatts) (USD Million) TABLE 12 Global solar tracker market capacity and revenue estimates & forecasts, in single axis, 2014 - 2025 (Megawatts) (USD Million) TABLE 13 Global solar tracker market capacity estimates & forecasts, in single axis, by region, 2014 - 2025 (Megawatts) TABLE 14 Global solar tracker market revenue estimates & forecasts, in single axis, by region, 2014 - 2025 (USD Million) TABLE 15 Global solar tracker market capacity and revenue estimates & forecasts, in dual axis, 2014 - 2025 (Megawatts) (USD Million) TABLE 16 Global solar tracker market capacity estimates & forecasts, in dual axis, by region, 2014 - 2025 (Megawatts) TABLE 17 Global solar tracker market revenue estimates & forecasts, in dual axis, by region, 2014 - 2025 (USD Million) TABLE 18 Global solar tracker capacity estimates & forecasts, by application, 2014 - 2025 (Megawatts) TABLE 19 Global solar tracker capacity estimates & forecasts, in utility, 2014 - 2025 (Megawatts) TABLE 20 Global solar tracker capacity estimates & forecasts, in utility, by region, 2014 - 2025 (Megawatts) TABLE 21 Global solar tracker capacity estimates & forecasts, in non-utility, 2014 - 2025 (Megawatts) TABLE 22 Global solar tracker capacity estimates & forecasts, in non-utility, by region, 2014 - 2025 (Megawatts) TABLE 23 Global solar tracker market estimates & forecasts, by region, 2014 - 2025 (Megawatts) TABLE 24 North America solar tracker market, by technology, 2014 - 2025 (Megawatts) TABLE 25 North America solar tracker market, by product, 2014 - 2025 (Megawatts) TABLE 26 North America solar tracker market, by product, 2014 - 2025 (USD Million) TABLE 27 North America solar tracker market, by application, 2014 - 2025 (Megawatts) TABLE 28 U.S solar tracker market, by technology, 2014 - 2025 (Megawatts) TABLE 29 U.S solar tracker market, by product, 2014 - 2025 (Megawatts) TABLE 30 U.S solar tracker market, by product, 2014 - 2025 (USD Million) TABLE 31 U.S solar tracker market, by application, 2014 - 2025 (Megawatts) TABLE 32 Canada solar tracker market, by technology, 2014 - 2025 (Megawatts) TABLE 33 Canada solar tracker market, by product, 2014 - 2025 (Megawatts) TABLE 34 Canada solar tracker market, by product, 2014 - 2025 (USD Million) TABLE 35 Canada solar tracker market, by application, 2014 - 2025 (Megawatts) TABLE 36 Europe solar tracker market, by technology, 2014 - 2025 (Megawatts) TABLE 37 Europe solar tracker market, by product, 2014 - 2025 (Megawatts) TABLE 38 Europe solar tracker market, by product, 2014 - 2025 (USD Million) TABLE 39 Europe solar tracker market, by application, 2014 - 2025 (Megawatts) TABLE 40 Spain solar tracker market, by technology, 2014 - 2025 (Megawatts) TABLE 41 Spain solar tracker market, by product, 2014 - 2025 (Megawatts) TABLE 42 Spain solar tracker market, by product, 2014 - 2025 (USD Million) TABLE 43 Spain solar tracker market, by application, 2014 - 2025 (Megawatts) TABLE 44 Germany solar tracker market, by technology, 2014 - 2025 (Megawatts) TABLE 45 Germany solar tracker market, by product, 2014 - 2025 (Megawatts) TABLE 46 Germany solar tracker market, by product, 2014 - 2025 (USD Million) TABLE 47 Germany solar tracker market, by application, 2014 - 2025 (Megawatts) TABLE 48 Asia Pacific solar tracker market, by technology, 2014 - 2025 (Megawatts) TABLE 49 Asia Pacific solar tracker market, by product, 2014 - 2025 (Megawatts) TABLE 50 Asia Pacific solar tracker market, by product, 2014 - 2025 (USD Million) TABLE 51 Asia Pacific solar tracker market, by application, 2014 - 2025 (Megawatts) TABLE 52 China solar tracker market, by technology, 2014 - 2025 (Megawatts) TABLE 53 China solar tracker market, by product, 2014 - 2025 (Megawatts) TABLE 54 China solar tracker market, by product, 2014 - 2025 (USD Million) TABLE 55 China solar tracker market, by application, 2014 - 2025 (Megawatts) TABLE 56 India solar tracker market, by technology, 2014 - 2025 (Megawatts) TABLE 57 India solar tracker market, by product, 2014 - 2025 (Megawatts) TABLE 58 India solar tracker market, by product, 2014 - 2025 (USD Million) TABLE 59 India solar tracker market, by application, 2014 - 2025 (Megawatts) TABLE 60 Japan solar tracker market, by technology, 2014 - 2025 (Megawatts) TABLE 61 Japan solar tracker market, by product, 2014 - 2025 (Megawatts) TABLE 62 Japan solar tracker market, by product, 2014 - 2025 (USD Million) TABLE 63 Japan solar tracker market, by application, 2014 - 2025 (Megawatts) TABLE 64 Central & South America solar tracker market, by technology, 2014 - 2025 (Megawatts) TABLE 65 Central & South America solar tracker market, by product, 2014 - 2025 (Megawatts) TABLE 66 Central & South America solar tracker market, by product, 2014 - 2025 (USD Million) TABLE 67 Central & South America solar tracker market, by application, 2014 - 2025 (Megawatts) TABLE 68 Brazil solar tracker market, by technology, 2014 - 2025 (Megawatts) TABLE 69 Brazil solar tracker market, by product, 2014 - 2025 (Megawatts) TABLE 70 Brazil solar tracker market, by product, 2014 - 2025 (USD Million) TABLE 71 Brazil solar tracker market, by application, 2014 - 2025 (Megawatts) TABLE 72 MEA solar tracker market, by technology, 2014 - 2025 (Megawatts) TABLE 73 MEA solar tracker market, by product, 2014 - 2025 (Megawatts) TABLE 74 MEA solar tracker market, by product, 2014 - 2025 (USD Million) TABLE 75 MEA solar tracker market, by application, 2014 - 2025 (Megawatts) TABLE 76 Vendor Landscape TABLE 77 List of Public Companies TABLE 78 List of Private Companies List of Figures FIG 1. Solar Tracker Market Segmentation FIG 2. Information Procurement FIG 3. Primary Research Pattern FIG 4. Primary Research Process FIG 5. Primary Research Approaches FIG 6. Solar Tracker Market Snapshot FIG 7. Penetration & growth prospect mapping FIG 8. Solar Tracker Value Chain Analysis FIG 9. Solar Tracker Market Dynamics FIG 10. Market driver relevance analysis (Current & future impact) FIG 11. Market restraint relevance analysis (Current & future impact) FIG 12. PESTEL Analysis FIG 13. Porter’s Five Forces Analysis FIG 14. Solar tracker market technology outlook key takeaways FIG 15. Solar tracker market: Technology movement analysis FIG 16. Solar tracker market product outlook key takeaways FIG 17. Solar tracker market: Product movement analysis FIG 18. Solar tracker market application outlook key takeaways FIG 19. Solar tracker market: Application movement analysis FIG 20. Regional solar tracker market: Key takeaways FIG 21. Regional outlook, 2018 &2025 FIG 22. U.S. country outlook, 2014 to 2025 (Megawatts) FIG 23. Canada country outlook, 2014 to 2025 (Megawatts) FIG 24. Spain country outlook, 2014 to 2025 (Megawatts) FIG 25. Germany country outlook, 2014 to 2025 (Megawatts) FIG 26. China country outlook, 2014 to 2025 (Megawatts) FIG 27. India country outlook, 2014 to 2025 (Megawatts) FIG 28. Japan country outlook, 2014 to 2025 (Megawatts) FIG 29. Brazil country outlook, 2014 to 2025 (Megawatts) FIG 30. Competitve Environment FIG 31. Strategy Framework FIG 32. Solar Trackers Company Market Share, 2018
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