Solar Tracker Market Report 2021: Top Companies, Trends and Future Prospects Details for Business Development

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Solar Tracker Market Report 2021: Top Companies, Trends and Future Prospects Details for Business Development

According to IMARC Group’s latest report, titled “Solar Tracker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global solar tracker market reached a value of US$ 7.7 Billion in 2020. Looking forward, IMARC Group expects the global market to grow at a CAGR of 16.2% during 2021-2026.


As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.


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A solar tracker is a device that is used to get additional sunlight by directing the solar panel or a reflector toward the sun. These are positioned perpendicular to sunrays due to which less light is reflected, and maximum energy is captured, which is then converted into power. All solar equipment are installed with trackers as they offer greater levels of renewable energy output. There are two types of solar trackers, namely single axis and dual axis trackers.


Market Trends and Drivers:


Significant growth in the power generation sector is one of the key factors creating a positive outlook for the solar tracker market. This can be attributed to the steadily increasing global population, which, in turn, is increasing the demand for uninterrupted power supply. Moreover, the implementation of green initiatives to reduce carbon emissions is supporting the market growth of solar trackers. Other factors, such as the utilization of solar power as a commercial energy source for both residential areas and industrial plants, are propelling the demand for solar trackers further.


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Solar Tracker Market 2021-2026 Competitive Analysis and Segmentation:


Competitive Landscape With Key Players:


The competitive landscape of the solar tracker market has been studied in the report with the detailed profiles of the key players operating in the market.


Some of these key players include:

Array Technologies Inc.

Convert Italia SpA (Valmont Industries Inc.)

Nextracker Inc. (Flex Ltd.)

Soltec Energias Renovables S.L.

Arctech Solar Holding Co. Ltd.

Powerway Renewable Energy Co. (SinoTech Power Group)

DEGER energie GmbH & Co KG

First Solar Inc.

Sunpower Corporation (Total S.A.)


Key Market Segmentation:


The report has segmented the global solar tracker market on the basis of type, tracking type, technology, application and region.


Breakup by Type:

Active Solar Tracker

Passive Solar Tracker


Breakup by Tracking Type:

Single Axis Tracking

HSAT (Horizontal Single Axis Trackers)

VSAT (Vertical Single Axis Trackers)

TSAT (Titled Single Axis Trackers)

PSAT (Polar Aligned Single Axis Trackers)

Dual Axis Tracking

TTDAT (Tip-Tilt Dual Axis Trackers)

AADAT (Azimuth-Altitude Dual Axis Trackers)


Breakup by Technology:

Solar Photovoltaic (PV)

Concentrated Solar Power (CSP)

Concentrated Photovoltaic (CPV)


Breakup by Application:

Utility Sector

Residential Sector

Commercial Sector


Breakup by Region:

North America

Asia Pacific


Latin America

Middle East and Africa


Key Highlights of the Report:

Market Performance (2015-2020)

Market Outlook (2021-2026)

Porter’s Five Forces Analysis

Market Drivers and Success Factors

SWOT Analysis

The Impact of COVID-19 on the Global Market

Value Chain Analysis

Structure of the Global Market

Comprehensive mapping of the competitive landscape


If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.


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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.


IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.


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