Solar Tracker Market : The global market is expected to grow at a CAGR of 26.2% during the forecasted period.

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

Reasons to Buy this Report:

  • Detail analysis of the impact of market drivers, restraints, and opportunities
  • Competitive Intelligence provides an understanding of the ecosystem
  • Details analysis of the Total Addressable Market (TAM) of your products
  • Investment Pockets and New Business Opportunities
  • Demand-supply gap analysis
  • Strategy Planning

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.

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