As per the study initiated by Evolve Business Intelligence, the global Solar Tracker Market size accounted for USD 4.41 billion in 2022, growing at a CAGR of 26.2% from 2023 to 2033. Solar trackers are devices used in solar energy systems to increase the efficiency of solar panels by orienting them to track the sun’s movement throughout the day. These trackers adjust the angle and position of solar panels to maximize sunlight exposure, thereby increasing energy generation .
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Key Highlights:
- The global Solar Tracker Market size was valued at USD 4.41 billion in 2022 growing at a CAGR of 26.2% from 2023 to 2033.
- North America dominated the market in 2022
- Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
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In terms of COVID 19 impact, the Solar Tracker Market report also includes the following data points:
- COVID19 Impact on Solar Tracker Market size
- End-User/Industry/Application Trend, and Preferences
- Government Policies/Regulatory Framework
- Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
- Opportunity in Solar Tracker Market
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Key Players
Some of the major Solar Tracker Market players holding high market share include NEXTracker , Array Technologies ., Soltec, and Convert Italia . These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
- NEXTracker
- Array Technologies
- Soltec
- Convert Italia
- Arctech Solar
- SunPower
- Sun Action Trackers
- STi Norland
- Scorpius Trackers
- Exosun
Segmental Analysis
Market Segment By Type with focus on market share, consumption trend, and growth rate of Solar Tracker Market :
- Active Solar Tracker
- Passive Solar Tracker
Market Segment By Application with focus on market share, consumption trend, and growth rate of Solar Tracker Market :
- Utility
- Residential
- Commercial & Industrial
| Parameters | Details |
| Market Size (2022) | $ 4.41 billion |
| CAGR (2023 to 2033) | 26.2% |
| Market Segmentation | Type, Application |
| Country Covered | US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America |
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Global Solar Tracker Market Geographic Coverage:
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Nordic Countries
- Benelux
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Indonesia
- Malaysia
- Australia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of MEA
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
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