Solar Tracker Market

1. Solar Tracker Market

2. MARKET PERSPECTIVE
Increasing global concerns about energy conservation are assisting
industries to transition from the usage of non-renewable to renewable
sources of energy, which may increase the growth of solar energy and
solar trackers. A solar tracker utilizes a number of electrical
components, including motors, actuators, and sensors, to align the solar
cell to maximize solar energy production.
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3. The global Solar Tracker Market size was worth around USD 3.53 billion in
2021 and is predicted to grow around USD 18.63 billion by 2030 with a
compound annual growth rate of roughly 20.3% between 2022 and 2030.
$ 3.53 Bn
$ 18.63 Bn
2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

4. COMPETITIVE LANDSCAPE
 Abengoa,
 All Earth Renewables,
 Array Technologies, Inc.,
 DEGERENERGIE GMBH & CO. KG,
 Nclave,
 POWERWAY RENEWABLE ENERGY CO., LTD,
 Soltec Tracker,
 SunPower Corporation,
 Titan Company Limited,
 and Trina Solar, amongst others.

5. SEGMENTATION ANALYSIS
By
Application
Utility
Residential
Commercial
Industrial
By
Technology
Solar
Photovoltaic
Concentrated
Photovoltaic
Concentrated
solar power
By Type
Single Axis
Dual Axis

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