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Solar Tracker (Single Axis and Dual Axis) Market by Technology (Solar PV, CPV and CSP) for Utility and Non-utility Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020

Published: Jan-2016 | Format: PDF | Zion | Number of pages: 110 | Code: MRS - 41807


The report covers forecast and analysis for the solar tracker market on a global and regional level. The study provides historic data of 2014 along with a forecast from 2014 to 2020 based on both capacity (MW) and revenue (USD Million). The study includes drivers and restraints for the solar tracker market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the solar tracker market on a global level.

In order to give the users of this report a comprehensive view on the solar tracker market, we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the solar tracker market has also been included. The study includes a market attractiveness analysis, wherein product, technology and application segments are benchmarked based on their market size, growth rate and general attractiveness.  

The study provides a decisive view on the solar tracker market by segmenting the market based on technology, product and application. All the technology, product and application segments have been analyzed based on present and future trends and the market is estimated from 2014 to 2020. Key application markets covered under this study includes utility and non-utility applications. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East and Africa with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil.

The report covers detailed competitive outlook including company profiles of the key participants operating in the global market. Key players profiled in the report include Wuxi Hao Solar Technology Co. Ltd., Abengoa Solar, S.A., AllEarth Renewables, Inc., Array Technologies, Inc., DEGERenergie GmbH, SunPower Corporation, Grupo Clavijo Elt SL, Titan Tracker SL, SmartTrak Solar Systems Pvt. Ltd., Powerway Renewable Energy Co., Ltd., Energia Ercam SL, Mecasolar España SL, First Solar, Inc., Mechatron S.A., Soitec, Optimum Tracker and CM Tracker.

The report segments the global solar tracker market into:

Global Solar Tracker Market: Product Segment Analysis

  • Single Axis
  • Dual Axis

 Global Solar Tracker Market: Technology Segment Analysis

  • Solar PV
  • CPV
  • CSP

Global Solar Tracker Market: Application Segment Analysis

  • Utility
  • Non-utility

Global Solar Tracker Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • Germany
    • France
    • UK
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa
  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  • Chapter 2. Executive Summary
    • 2.1. Solar tracker market capacity and revenue, 2014 – 2020 (MW) (USD Million)
    • 2.2. Solar tracker market: Snapshot
  • Chapter 3. Solar Tracker market – Global and industry analysis
    • 3.1. Solar trackers: Market dynamics
    • 3.2. Value chain analysis
    • 3.3. Market drivers
      • 3.3.1. Drivers of global solar tracker market: Impact analysis
      • 3.3.2. Rising demand of solar PV in commercial and residential organization
      • 3.3.3. Efficiency of solar cells increases due to the solar trackers
      • 3.3.4. Government incentive schemes and Feed-in-tariffs (FIT)
    • 3.4. Market restraints
      • 3.4.1. Restraints of global solar tracker market: Impact analysis
      • 3.4.2. Capital Intensive Technology & Rough Weather
    • 3.5. Opportunities
      • 3.5.1. Various energy programs
    • 3.6. Porter’s five forces analysis
    • 3.7. Market attractiveness analysis
      • 3.7.1. Market attractiveness analysis by product segment
      • 3.7.2. Market attractiveness analysis by technology segment
      • 3.7.3. Market attractiveness analysis by application segment
      • 3.7.4. Market attractiveness analysis by regional segment
    • 3.8. Company market share analysis
  • Chapter 4. Global Solar Tracker Market - Competitive Landscape
    • 4.1. Company market share, 2014
    • 4.2. Price trend analysis
  • Chapter 5. Global Solar Tracker Market – Product Segment Analysis
    • 5.1. Global solar tracker market: Product overview
      • 5.1.1. Global solar tracker market share, by product, 2014 and 2020
    • 5.2. Single Axis
      • 5.2.1. Global single axis market, 2014 – 2020 (MW) (USD Million)
    • 5.3. Dual Axis
      • 5.3.1. Global dual axis market, 2014 – 2020 (MW) (USD Million)
  • Chapter 6. Global Solar Tracker Market – Technology Segment Analysis
    • 6.1. Global solar tracker market: Technology overview
      • 6.1.1. Global solar tracker market share by technology, 2014 and 2020
    • 6.2. Solar Photovoltaic (Solar PV)
      • 6.2.1. Global solar photovoltaic (Solar PV) market, 2014 – 2020 (MW)
    • 6.3. Concentrated Photovoltaic (CPV)
      • 6.3.1. Global concentrated photovoltaic (CPV) market, 2014 – 2020 (MW)
    • 6.4. Concentrated Solar Power (CSP)
      • 6.4.1. Global concentrated solar power (CSP) market, 2014 – 2020 (MW)
  • Chapter 7. Global Solar Tracker Market – Application Segment Analysis
    • 7.1. Global solar tracker market: Application overview
      • 7.1.1. Global solar tracker market share by application, 2014 and 2020
    • 7.2. Utility
      • 7.2.1. Global solar tracker market for utility application, 2014 – 2020 (MW) (USD Million)
    • 7.3. Non-utility
      • 7.3.1. Global solar tracker market for non-utility application, 2014 – 2020 (MW) (USD Million)
  • Chapter 8. Global Solar Tracker Market – Regional Segment Analysis
    • 8.1. Global solar tracker market: Regional overview
      • 8.1.1. Global solar tracker market share by region, 2014 and 2020
    • 8.2. North America
      • 8.2.1. North America solar tracker market, by product, 2014 – 2020 (MW) (USD Million)
      • 8.2.2. North America solar tracker market, by technology, 2014 – 2020 (MW) (USD Million)
      • 8.2.3. North America solar tracker market, by application, 2014 – 2020 (MW) (USD Million)
      • 8.2.4. U.S.
        • 8.2.4.1. U.S. solar tracker market, by product, 2014 – 2020 (MW) (USD Million)
        • 8.2.4.2. U.S. solar tracker market, by technology, 2014 – 2020 (MW) (USD Million)
        • 8.2.4.3. U.S. solar tracker market, by application, 2014 – 2020 (MW) (USD Million)
    • 8.3. Europe
      • 8.3.1. Europe solar tracker market, by product, 2014 – 2020 (MW) (USD Million)
      • 8.3.2. Europe solar tracker market, by technology, 2014 – 2020 (MW) (USD Million)
      • 8.3.3. Europe solar tracker market, by application, 2014 – 2020 (MW) (USD Million)
      • 8.3.4. Germany
        • 8.3.4.1. Germany solar tracker market, by product, 2014 – 2020 (MW) (USD Million)
        • 8.3.4.2. Germany solar tracker market, by technology, 2014 – 2020 (MW) (USD Million)
        • 8.3.4.3. Germany solar tracker market, by application, 2014 – 2020 (MW) (USD Million)
      • 8.3.5. France
        • 8.3.5.1. France solar tracker market, by product, 2014 – 2020 (MW) (USD Million)
        • 8.3.5.2. France solar tracker market, by technology, 2014 – 2020 (MW) (USD Million)
        • 8.3.5.3. France solar tracker market, by application, 2014 – 2020 (MW) (USD Million)
      • 8.3.6. UK
        • 8.3.6.1. UK solar tracker market, by product, 2014 – 2020 (MW) (USD Million)
        • 8.3.6.2. UK solar tracker market, by technology, 2014 – 2020 (MW) (USD Million)
        • 8.3.6.3. UK solar tracker market, by Application, 2014 – 2020 (MW) (USD Million)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific solar tracker market, by product, 2014 – 2020 (MW) (USD Million)
      • 8.4.2. Asia Pacific solar tracker market, by technology, 2014 – 2020 (MW) (USD Million)
      • 8.4.3. Asia Pacific solar tracker market, by application, 2014 – 2020 (MW) (USD Million)
      • 8.4.4. China
        • 8.4.4.1. China solar tracker market, by technology, 2014 – 2020 (MW) (USD Million)
        • 8.4.4.2. China solar tracker market, by product, 2014 – 2020 (MW) (USD Million)
        • 8.4.4.3. China solar tracker market, by application, 2014 – 2020 (MW) (USD Million)
      • 8.4.5. Japan
        • 8.4.5.1. Japan solar tracker market, by product,2014 - 2020 (MW) (USD Million)
        • 8.4.5.2. Japan solar tracker market, by technology, 2014 - 2020 (MW) (USD Million)
        • 8.4.5.3. Japan solar tracker market, by application, 2014 - 2020 (MW) (USD Million)
      • 8.4.6. India
        • 8.4.6.1. India solar tracker market, by product, 2014 – 2020 (MW) (USD Million)
        • 8.4.6.2. India solar tracker market, by technology, 2014 - 2020 (MW) (USD Million)
        • 8.4.6.3. India solar tracker market, by application, 2014 - 2020 (MW) (USD Million)
    • 8.5. Latin America
      • 8.5.1. Latin America solar tracker market, by product, 2014 – 2020 (MW) (USD Million)
      • 8.5.2. Latin America solar tracker market, by technology, 2014 – 2020 (MW) (USD Million)
      • 8.5.3. Latin America solar tracker market, by application, 2014 – 2020 (MW) (USD Million)
      • 8.5.4. Brazil
        • 8.5.4.1. Brazil solar tracker market, by product, 2014 – 2020 (MW) (USD Million)
        • 8.5.4.2. Brazil solar tracker market, by technology, 2014 – 2020 (MW) (USD Million)
        • 8.5.4.3. Brazil solar tracker market, by application, 2014 – 2020 (MW) (USD Million)
    • 8.6. Middle East and Africa
      • 8.6.1. Middle East and Africa solar tracker market, by product, 2014 – 2020 (MW) (USD Million)
      • 8.6.2. Middle East and Africa solar tracker market, by technology, 2014 – 2020 (MW) (USD Million)
      • 8.6.3. Middle East and Africa solar tracker market, by application, 2014 – 2020 (MW) (USD Million)
  • Chapter 9. Company Profile
    • 9.1. Wuxi Hao Solar Technology Co. Ltd.
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product portfolio
      • 9.1.4. Business strategy
      • 9.1.5. Recent developments
    • 9.2. Abengoa Solar, S.A.
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product portfolio
      • 9.2.4. Business strategy
      • 9.2.5. Recent developments
    • 9.3. AllEarth Renewables, Inc.
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product portfolio
      • 9.3.4. Business strategy
      • 9.3.5. Recent developments
    • 9.4. Array Technologies, Inc.
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product portfolio
      • 9.4.4. Business strategy
      • 9.4.5. Recent developments
    • 9.5. DEGERenergie GmbH
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Product portfolio
      • 9.5.4. Business strategy
      • 9.5.5. Recent developments
    • 9.6. SunPower Corporation
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Product portfolio
      • 9.6.4. Business strategy
      • 9.6.5. Recent developments
    • 9.7. Grupo Clavijo Elt SL
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Product portfolio
      • 9.7.4. Business strategy
      • 9.7.5. Recent developments
    • 9.8. Titan Tracker SL
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Product portfolio
      • 9.8.4. Business strategy
      • 9.8.5. Recent developments
    • 9.9. SmartTrak Solar Systems Pvt. Ltd.
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Product portfolio
      • 9.9.4. Business strategy
      • 9.9.5. Recent developments
    • 9.10. Powerway Renewable Energy Co., Ltd.
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Product portfolio
      • 9.10.4. Business strategy
      • 9.10.5. Recent developments
    • 9.11. Energia Ercam SL
      • 9.11.1. Overview
      • 9.11.2. Financials
      • 9.11.3. Product portfolio
      • 9.11.4. Business strategy
      • 9.11.5. Recent developments
    • 9.12. Mecasolar España SL
      • 9.12.1. Overview
      • 9.12.2. Financials
      • 9.12.3. Product portfolio
      • 9.12.4. Business strategy
      • 9.12.5. Recent developments
    • 9.13. First Solar, Inc.
      • 9.13.1. Overview
      • 9.13.2. Financials
      • 9.13.3. Product portfolio
      • 9.13.4. Business strategy
      • 9.13.5. Recent developments
    • 9.14. Mechatron S.A.
      • 9.14.1. Overview
      • 9.14.2. Financials
      • 9.14.3. Product portfolio
      • 9.14.4. Business strategy
      • 9.14.5. Recent developments
    • 9.15. Soitec
      • 9.15.1. Overview
      • 9.15.2. Financials
      • 9.15.3. Product portfolio
      • 9.15.4. Business strategy
      • 9.15.5. Recent developments
    • 9.16. Optimum Tracker
      • 9.16.1. Overview
      • 9.16.2. Financials
      • 9.16.3. Product portfolio
      • 9.16.4. Business strategy
      • 9.16.5. Recent developments
    • 9.17. CM Tracker
      • 9.17.1. Overview
      • 9.17.2. Financials
      • 9.17.3. Product portfolio
      • 9.17.4. Business strategy
      • 9.17.5. Recent developments

List of Tables

1. Solar Tracker - Industry Summary & Key Buying Criteria
2. Global solar tracker estimates and forecast, 2014 - 2020 (MW)
3. Global solar tracker market capacity, by region, 2014 - 2020 (MW)
4. Global solar tracker installed capacity, by technology, 2014 - 2020 (MW)
5. Global solar tracker market installed capacity, by product, 2014 - 2020 (MW)
6. Global solar tracker market revenue, by product, 2014 - 2020 (USD Million)
7. Global solar tracker market installed capacity, by application, 2014 - 2020 (MW)
8. Solar tracker - Key market driver analysis
9. Solar tracker - Key market restraint analysis
10. Global PV solar tracker market installed capacity, 2014 - 2020 (MW)
11. Global PV solar tracker market installed capacity, by region, 2014 - 2020 (MW)
12. Global CPV solar tracker market installed capacity, 2014 - 2020 (MW)
13. Global CPV solar tracker market installed capacity, by region, 2014 - 2020 (MW)
14. Global CSP market installed capacity, 2014 - 2020 (MW) (USD Million)
15. Global solar tracker market demand in CSP technology, by region, 2014 - 2020 (MW)
16. Global single axis solar tracker market, 2014 - 2020 (MW) (USD Million)
17. Global single axis solar tracker market demand by region, 2014 - 2020 (MW)
18. Global single axis solar tracker market revenue by region, 2014 - 2020 (USD Million)
19. Global dual axis solar tracker market, 2014 - 2020 (MW) (USD Million)
20. Global dual axis solar tracker market demand, by region, 2014 - 2020 (MW)
21. Dual axis solar tracker market revenue by region, 2014 - 2020 (USD Million)
22. Global solar tracker installed capacity for utility application, 2014 - 2020 (MW)
23. Global solar tracker installed capacity for utility application, by region, 2014 - 2020 (MW)
24. Global solar tracker installed capacity for non-utility application, 2014 - 2020 (MW)
25. Global solar tracker installed capacity for non-utility application, by region, 2014 - 2020 (MW)
26. North America solar tracker market installed capacity, 2014 - 2020 (MW)
27. North America solar tracker market installed capacity, by technology, 2014 - 2020 (MW)
28. North America solar tracker market installed capacity, by product, 2014 - 2020 (MW)
29. North America solar trackers market revenue, by product, 2014 - 2020 (USD Million)
30. North America solar trackers market installed capacity, by application, 2014 - 2020 (MW)
31. U.S. solar tracker market installed capacity, 2014 - 2020 (MW)
32. U.S. solar tracker market installed capacity, by technology, 2014 - 2020 (MW)
33. U.S. solar tracker market installed capacity, by product, 2014 - 2020 (MW)
34. U.S. solar tracker market revenue, by product, 2014 - 2020 (USD Million)
35. U.S. solar trackers market installed capacity, by application, 2014 - 2020 (MW)
36. Europe solar tracker market installed capacity, 2014 - 2020, (MW)
37. Europe solar tracker market installed capacity, by technology, 2014 - 2020 (MW)
38. Europe solar tracker market installed capacity, by product, 2014 - 2020 (MW)
39. Europe solar tracker market revenue, by product, 2014 - 2020 (USD Million)
40. Europe solar trackers market installed capacity, by application, 2014 - 2020 (MW)
41. Germany solar trackers market installed capacity, 2014 - 2020 (MW)
42. Germany solar tracker market installed capacity, by technology, 2014 - 2020 (MW)
43. Germany solar tracker market installed capacity, by product, 2014 - 2020 (MW)
44. Germany solar tracker market revenue, by product, 2014 - 2020 (USD Million)
45. Germany solar tracker market installed capacity, by application, 2014 - 2020 (MW)
46. Asia Pacific solar tracker market installed capacity, 2014 - 2020 (MW)
47. Asia Pacific solar tracker market installed capacity, by technology, 2014 - 2020 (MW)
48. Asia Pacific solar tracker market installed capacity, by product, 2014 - 2020 (MW)
49. Asia Pacific solar tracker market revenue, by product, 2014 - 2020 (USD Million)
50. Asia Pacific solar tracker market installed capacity, by application, 2014 - 2020 (MW)
51. China solar tracker market installed capacity, 2014 - 2020 (MW)
52. China solar tracker market installed capacity, by technology, 2014 - 2020 (MW)
53. China solar tracker market installed capacity, by product, 2014 - 2020 (MW)
54. China solar tracker market revenue, by product, 2014 - 2020 (USD Million)
55. China solar tracker market installed capacity, by application, 2014 - 2020 (MW)
56. Japan solar tracker market installed capacity, 2014 - 2020 (MW)
57. Japan solar tracker market installed capacity, by technology, 2014 - 2020 (MW)
58. Japan solar tracker market installed capacity, by product, 2014 - 2020 (MW)
59. Japan solar tracker market revenue, by product, 2014 - 2020 (USD Million)
60. Japan solar tracker market installed capacity, by application, 2014 - 2020 (MW)
61. India solar trackers market installed capacity, 2014 - 2020 (MW)
62. India solar tracker market installed capacity, by technology, 2014 - 2020 (MW)
63. India solar tracker market installed capacity, by product, 2014 - 2020 (MW)
64. India solar tracker market revenue, by product, 2014 - 2020 (USD Million)
65. India solar trackers market installed capacity, by application, 2014 - 2020 (MW)
66. Latin America solar tracker market installed capacity, 2014 - 2020 (MW)
67. Latin America solar tracker market installed capacity, by technology, 2014 - 2020 (MW)
68. Latin America solar tracker market installed capacity, by product, 2014 - 2020 (MW)
69. Latin America solar tracker market revenue, by product, 2014 - 2020 (USD Million)
70. Latin America solar tracker market installed capacity, by application, 2014 - 2020 (MW)
71. Brazil solar tracker market installed capacity, 2014 - 2020 (MW)
72. Brazil solar tracker market installed capacity, by technology, 2014 - 2020 (MW)
73. Brazil solar tracker market installed capacity, by product, 2014 - 2020 (MW)
74. Brazil solar tracker market revenue, by product, 2014 - 2020, (USD Million)
75. Brazil solar tracker market installed capacity, by application, 2014 - 2020 (MW
76. Middle East and Africa solar tracker market installed capacity, 2014 - 2020 (MW)
77. Middle East and Africa solar tracker market installed capacity, by technology, 2014 - 2020 (MW)
78. Middle East and Africa solar tracker market installed capacity, by product, 2014 - 2020 (MW)
79. Middle East and Africa solar tracker market revenue, by product, 2014 - 2020 (USD Million)
80. Middle East and Africa solar tracker market installed capacity, by application, 2014 - 2020 (MW)


List of Figures

1. Solar tracker market segmentation
2. Global solar tracker market revenue, 2014- 2020 (MW) (USD Million)
3. Solar tracker value chain analysis
4. Solar tracker market dynamics
5. Global annual solar PV installed capacity, 2006 - 2014 (MW)
6. Installed capacity/annual PV deployment capacity 2007 - 2014 (MW)
7. PV capacity by region, 2014, (% share)
8. Comparison of solar tracker and static solar panel performance
9. Key opportunities prioritized – Solar trackers
10. Solar tracker Porter’s analysis
11. Solar trackers company market share, 2014
12. Solar tracker PESTEL analysis
13. Solar tracker market share by technology, 2014 & 2020
14. Solar tracker market share by product, 2014 & 2020
15. Solar tracker market share by application, 2014 & 2020
16. Solar trackers market share by region, 2014 & 2020

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Zion Research uses the synergy of combination of both primary research and secondary research for its research reports. For this study, we have conducted extensive primary research, wherein we have conducted in-depth interviews of the key opinion leader of this industry. Primary research make up for the biggest chunk of our data sources in addition to secondary research.

We referred to product literature of leading industry participants, annual reports, press releases, government publications, and other relevant sources for data collection and analysis thereof. Secondary research also includes a search of recent trade journals, technical writing, internet sources, and statistical data from government websites, trade associations and agencies.  

Zion Research has collected key data related to the Solar Tracker market and analyzed these data using a variety of methods. The market dynamics have been ascertained following a detailed study of the micro, meso, and macroeconomic indicators of the market.

This report is based on in-depth qualitative and quantitative analyses of the Global Solar Tracker market. The quantitative analysis involved the application of various projection and sampling techniques. The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions.

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically partake in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Based on the research results and technical insights thus gathered, Zion research analysts have provided a comprehensive analysis of the varied aspects of the market. The impact of global economic conditions and other macroeconomic indicators was also considered when assessing the market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Solar tracker is a device used to enhance energy output by moving the solar panels or modules towards the sun. Solar tracker follows the moment of sun throughout the day to as it rotates from east to the west. The solar energy collectors or solar panels are the devices which receives the solar energy and are directly oriented towards the sun. In photovoltaic systems, trackers help minimize the angle of incidence (the angle that a ray of light makes with a line perpendicular to the surface) between the incoming light and the panel, which increases the amount of energy the installation produces.  

The rising demand of solar PV in commercial and residential organization is the major growth driver for solar tracker market. Efficiency of solar cells increases due to the solar trackers, which is also likely to drive the demand for solar tracker.  Solar tracker is widely used in various application areas like utility and non-utility. Government incentive schemes and feed-in-tariffs (FIT) is anticipated to drive the market during the forecast period. However, solar trackers are slightly more expensive than their stationary counterparts, due to the more complex technology and moving parts necessary for their operation. High maintenance cost as compared to stationary systems is another factor expected to hamper the growth of this industry.

global solar tracker market

Solar photovoltaic, CPV (Concentrated Photovoltaic) and CSP (Concentrated Solar Power) are the technology segments of the solar tracker market. Solar PV was the largest technology segment and accounted for over 47.25% share of the global solar trackers installed capacity in 2014. Concentrated photovoltaic (CPV) is expected to be the fastest growing technology for solar tracker market over the forecast period, growing at a CAGR of slightly above 36.71% from 2014 to 2020. 

Single axis and double axis are the major product segments of solar tracker market. Single axis tracker dominated the solar tracker market in 2014 and it accounted for over 85.45% share of the total market in 2014. Single axis tracker is cost effective as compared to double axis tracker and is widely used in commercial and residential applications due to which single axis dominate the market. However, double axis tracker is expected to be the fastest growing segment of the market.

Key application markets for solar tracker include utility and non-utility applications. Utility was the largest and fastest growing application segment and accounted for over 82.50% share of the total installed capacity in 2014. Non-utility applications are also expected to have the robust growth in years come.

Europe dominated the solar tracker market with around 38.50% share of the total installed capacity in 2014. Increasing demand for power and taking measures to control the energy consumption is due to improving energy infrastructure in emerging economies in Asia Pacific is expected to drive the demand for global solar tracker market over the forecast period. Latin America is projected to be the fastest growing regional market.

Global solar tracker market is highly competitive, with the presence of well-established global market participants. Wuxi Hao Solar Technology Co. Ltd., Abengoa Solar, S.A., AllEarth Renewables, Inc., Array Technologies, Inc., DEGERenergie GmbH, SunPower Corporation, Grupo Clavijo Elt SL, Titan Tracker SL, SmartTrak Solar Systems Pvt. Ltd., Powerway Renewable Energy Co., Ltd., Energia Ercam SL, Mecasolar España SL, First Solar, Inc., Mechatron S.A., Soitec, Optimum Tracker and CM Tracker are some of the key vendors in the market.


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Renewable Energy Top 5 Emerging Markets Industry Guide_2016

Nov-2016 | MarketLine | Pages : 160 | Code : MRS-87713 | 995

Summary The Emerging 5 Renewable Energy industry profile provides top-line qualitative and quantitative summary information including Key Findings - Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the emerging five renewable energy market - Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the emerging five renewable energy market - Leading company profiles reveal details o Read more

Renewable Energy BRIC (Brazil, Russia, India, China) Industry Guide_2016

Nov-2016 | MarketLine | Pages : 140 | Code : MRS-87712 | 995

Summary The BRIC Renewable Energy industry profile provides top-line qualitative and quantitative summary information including Key Findings - Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the BRIC renewable energy market - Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the BRIC renewable energy market - Leading company profiles reveal details of key renewable energy m Read more

Zambia’s Mining Fiscal Regime: H1 2016

Feb-2016 | GlobalData | Pages : 14 | Code : MRS-85014 | 995

Zambia’s Mining Fiscal Regime: H1 2016 Summary GlobalData's fiscal regime report covers Zambia, which has rich deposits of copper, manganese and other minerals. The country’s mining industry is governed by the Ministry of Mines, Energy and Water Development and its relevant departments. The Mines and Mineral Act consolidates and amends laws related to mines and minerals. Scope - The report outlines governing bodies, governing law, rights, obligations and key fiscal terms which includes Read more

Winning and retaining business in the mining equipment sector in Asia-Pacific, 2016 - a survey of key buyers and decision-makers

Sep-2016 | GlobalData | Pages : 51 | Code : MRS-85013 | 4950

Winning and retaining business in the mining equipment sector in Asia-Pacific, 2016 - a survey of key buyers and decision-makers Summary This report provides a detailed analysis of customer preferences throughout the Asia-Pacific mining sector, focusing on the factors that influence purchasing decisions and the performance of major equipment suppliers in the region. The analysis is based on GlobalData’s extensive survey of over 110 senior decision makers. Areas of analysis include - - C Read more

Winning and Retaining Business in the Australian Mining Equipment Sector, 2014

May-2014 | GlobalData | Pages : 54 | Code : MRS-85012 | 3495

Winning and Retaining Business in the Australian Mining Equipment Sector, 2014 Summary Overall trends in the data revealed - - Customer priorities in supplier selection are product quality and availability of parts - Suppliers perform well, but customer satisfaction is frequently lowest in the most important areas for customers - Volvo and Komatsu received the highest average satisfaction ratings, with Caterpillar considered the leading supplier for most categories of mining equipment - Read more

Winning and retaining business in the African mining equipment sector, 2016 - A survey of key buyers and decision makers

Jul-2016 | GlobalData | Pages : 52 | Code : MRS-85011 | 4950

Winning and retaining business in the African mining equipment sector, 2016 - A survey of key buyers and decision makers Summary Overall trends in the data revealed - - Customer priorities in supplier selection are samples of products and services to trial, including demonstrations from trusted brands in the market - Suppliers perform well, but have lower levels of satisfaction in key maintenance and logistical issues - Caterpillar received the highest average satisfaction ratings and wa Read more

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