The global “Solar Tracker Market” is expected to rise with an impressive CAGR and generate the highest revenue by 2026. Fortune Business Insights™ in its latest report published this information. The report is titled “Solar Tracker Market Size, Share & COVID-19 Impact Analysis, By Type (Photovoltaic (PV), Concentrated Solar Power (CSP)), By Movement (Single-Axis, Dual Axis), By Application (Utility, Non-Utility), and Regional Forecast, 2021-2028”. The report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period.
The report evaluates the important characteristics of the market based on present industry scenarios, market demands and business strategies. Also, the research report separates the industry based on the Solar Tracker Market share, types, applications, growth factor, key players and regions.
“The global solar tracker market size was valued at USD 16.11 billion in 2020 and is projected to reach USD 54.23 billion by 2028, exhibiting a CAGR of 16.3% during the forecast period”
- A comprehensive overview of the Solar Tracker Market
- Significant factors boosting, restricting, challenging and providing an opportunity to the market
- Key insights and major industry developments
- Significant players functioning in the Solar Tracker Market
- Major strategies adopted by players such as the launch of new products for better revenue generation, company collaborations, and others
- Other market trends
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreaks across industries to help you prepare for the future.
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List of Top Key Manufacturers for Solar Tracker Market:
- Array Technologies
- Arctech Solar
- Convert Italia
- PV Hardware
- STI Norland
- Solar Steel
- Scorpius Trackers
- Sun Action Trackers
“Mecasolar, Trina Solar, and Other Key Players Aim to Gain Competitive Advantage by Tactical Acquisitions and Investments”
Mecasolar, a designer and manufacturer of innovative solar trackers, based in Spain, announced its agreement with Cobra Group, door-to-door selling and marketing company, headquartered in China, in April 2019. The agreement was signed with the aim to supply 186 MW of solar trackers for an upcoming photovoltaic project that will be built by the ACS subsidiary in Escatron, located in Zaragoza. Trina Solar, a global leading provider for smart energy solution and PV module, based in China, announced in May 2018 that it has acquired NClave Renewables, a developer, producer, and installer of solar trackers, headquartered in Spain. This acquisition is one of the latest long-term investments that will boost the global solar trackers market growth. NClave Renewables will be able to present its solar products at the global market, including China.
NClave Renewables had been shipping their products in the Middle East and Africa and Latin America. But the company has its offices across the globe, in countries, such as Asia Pacific, Europe, North America, Australia, and South America. Previously, in January 2018, three Taiwanese solar cell manufacturing companies, namely, Neo Solar Power, Solartech, and Gintech, announced that they will be merging to form a new company named United Renewable Energy Co. For more than ten years, all three companies have been involved in the production of solar modules, silicon wafer, power grid, solar cell, and other similar solar energy chains.
Some of the Key Questions Answered in this Report:
- Detailed Overview of Solar Tracker Market will help deliver clients and businesses making strategies.
- Influencing factors that are thriving demand and latest trends running in the market.
- Solar Tracker Market forecast for global market split into segments like region, product, applications, end-user, technology, etc.
- What trends, challenges and barriers will impact the development and sizing of the Global Solar Tracker Market?
- SWOT Analysis of each defined key player along with its profile and Porter’s five forces analysis to complement the same.
- What is the Solar Tracker Market growth momentum or market carries during the forecast period?
- Which region may tap the highest market share in the coming era?
- Which application/end-user category or Product Type may seek incremental growth prospects?
- What focused approach and constraints are holding the Solar Tracker Market demand?
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Regional Analysis for Solar Tracker Market:
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
The Solar Tracker Market research report offers a complete assessment of the industry. The projections included in the report have been determined utilizing demonstrated research philosophies and presumptions.
We follow a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country-level is derived from the most credible published sources and through interviews with the right stakeholders.
The Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.
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Major Table of Contents for Solar Tracker Market Research Report:
- Executive Summary
- Market Dynamics
- Key Solar Tracker Market Insights
- Global Market Analysis, Insights and Forecast, 2015-2026
- North America Market Analysis, Insights and Forecast, 2015-2026
- Europe Market Analysis, Insights and Forecast, 2015-2026
- Asia Pacific Market Analysis, Insights and Forecast, 2015-2026
- The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2026
- Latin America Market Analysis, Insights and Forecast, 2015-2026
- Competitive Landscape
- Global Solar Tracker Market Revenue Share Analysis, By Key Players, 2020
- Company Profiles
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