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The Global Solar Tracker Installation market is expected to reach $427.9 billion by 2026 growing at a CAGR of 13.1% during 2019 to 2026. Solar tracking is the known process of generating power from sunlight. Solar tracker is a device that directs the mirrors of heliostat, solar panels, and Fresnel reflectors toward the sun. These existing solar trackers are used to capture the maximum solar energy throughout the day and increase solar panel output and efficiency. Factors such as increase in installation of solar panels and growing awareness among people regarding clean energy are driving the market growth. Though, high maintenance cost is restraining the market. Reduce in difficulty in design and ongoing researches in solar tracker are anticipated to create growth opportunities for the solar tracker installation market. Based on type, the dual axis segment is anticipated to grow at the significant rate during the forecast period due to the growing use of dual-axis trackers in Concentrated Solar Power (CSP) applications. CSP application utilizes dual axis tracking for achieving maximum sunlight to drive devices using high power. The key vendors mentioned are Abengoa SE, Arctech Solar, BrightSource Energy, Inc, First Solar, Inc, NEXTracker, PV Hardware, Scorpius Trackers, Siemens AG, Tata Power Solar Systems Limited, and Trina Solar Co Ltd. Types Covered: • Dual Axis • Single Axis End Users Covered: • Commercial • Industrial • Residential Regions Covered: • North America • Europe • Asia Pacific • South America • Middle East & Africa Key Questions Answered in this Report: • How this market evolved since the year 2018 • Market size estimations, forecasts and CAGR for all the segments presented in the scope • Key Market Developments and financials of the key players • Opportunity Analysis for the new entrants • SWOT Analysis of the key players • Fastest growing markets analyzed during the forecast period
1 Market Synopsis
2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources
3 Market Dynamics
3.1 Drivers
3.2 Restraints
4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Solar Tracker Installation Market, By Type
5.1 Introduction
5.2 Dual Axis
5.3 Single Axis
6 Global Solar Tracker Installation Market, By End User
6.1 Introduction
6.2 Commercial
6.3 Industrial
6.4 Residential
7 Global Solar Tracker Installation Market, By Geography
7.1 Introduction
7.2 North America
7.3 Europe
7.4 Asia Pacific
7.5 South America
7.6 Middle East & Africa
8 Strategic Benchmarking
9 Vendors Landscape
9.1 Abengoa SE
9.2 Arctech Solar
9.3 BrightSource Energy, Inc
9.4 First Solar, Inc
9.5 NEXTracker
9.6 PV Hardware
9.7 Scorpius Trackers
9.8 Siemens AG
9.9 Tata Power Solar Systems Limited
9.10 Trina Solar Co. Ltd
List of Data Tables
Table 1 Global Solar Tracker Installation Market Outlook, By Region (2018-2026) ($MN)
Table 2 Global Solar Tracker Installation Market Outlook, By Type (2018-2026) ($MN)
Table 3 Global Solar Tracker Installation Market Outlook, By Dual Axis (2018-2026) ($MN)
Table 4 Global Solar Tracker Installation Market Outlook, By Single Axis (2018-2026) ($MN)
Table 5 Global Solar Tracker Installation Market Outlook, By End User (2018-2026) ($MN)
Table 6 Global Solar Tracker Installation Market Outlook, By Commercial (2018-2026) ($MN)
Table 7 Global Solar Tracker Installation Market Outlook, By Industrial (2018-2026) ($MN)
Table 8 Global Solar Tracker Installation Market Outlook, By Residential (2018-2026) ($MN)
Table 9 North America Solar Tracker Installation Market Outlook, By Type (2018-2026) ($MN)
Table 10 North America Solar Tracker Installation Market Outlook, By End User (2018-2026) ($MN)
Table 11 Europe Solar Tracker Installation Market Outlook, By Type (2018-2026) ($MN)
Table 12 Europe Solar Tracker Installation Market Outlook, By End User (2018-2026) ($MN)
Table 13 Asia Pacific Solar Tracker Installation Market Outlook, By Type (2018-2026) ($MN)
Table 14 Asia Pacific Solar Tracker Installation Market Outlook, By End User (2018-2026) ($MN)
Table 15 South America Solar Tracker Installation Market Outlook, By Type (2018-2026) ($MN)
Table 16 South America Solar Tracker Installation Market Outlook, By End User (2018-2026) ($MN)
Table 17 Middle East & Africa Solar Tracker Installation Market Outlook, By Type (2018-2026) ($MN)
Table 18 Middle East & Africa Solar Tracker Installation Market Outlook, By End User (2018-2026) ($MN)