Solar Tracker Market Industry Overview, Growth Rate and Forecast 2023-2028

1. Global Solar Tracker Market Research and Forecast Report 2023- 2028 Author: Elena Anderson Marketing Manager Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2022 IMARC All Rights Reserved

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3. Report Description and Highlights Report Description Global Solar Tracker Market Research Report 2023-2028: According to the latest report by IMARC Group, titled “Solar Tracker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global solar tracker market is expected to grow at a CAGR of 21.1% during 2023-2028. A solar tracker refers to a device that orients solar panels toward the sun. These systems use computers and sensors with complex algorithms for altering the position of a solar panel. This ensures that photovoltaic (PV) panels are positioned perpendicularly to the sunlight, which reduces light reflection and maximizes energy absorption. Solar trackers offer various benefits, such as extra power generation, minimal space requirements, lower electricity bills, and reduced maintenance costs. Request for a PDF sample of this report: market/requestsample https://www.imarcgroup.com/solar-tracker-

4. Report Description and Highlights Report Description Global Solar Tracker Market Trends: The increasing deployment of solar panels and the shifting focus toward renewable energy production are majorly driving the global solar tracker market growth. This is further supported by the launch of green energy initiatives by governments of various nations, thus facilitating the number of new solar energy projects and the establishment of associated infrastructural facilities. Additionally, the rising population has led to an increase in global power consumption, which is acting as another growth- inducing factor. Moreover, the increasing utilization of solar power as the main energy source across the residential, commercial, and industrial sectors are contributing to the market growth. Apart from this, rapid technological advancements, such as the large-scale integration of solar and concentrated photovoltaics with cloud computing and the Internet of Things (IoT)-based solutions, are creating a positive outlook for the market. View Report TOC, Figures and Tables: https://www.imarcgroup.com/solar-tracker-market

5. Report Description and Highlights Report Description Key Market Segmentation The research report includes the following segments: Breakup by Type: • Active Solar Tracker • Passive Solar Tracker Breakup by Tracking Type: • Single Axis Tracking o HSAT (Horizontal Single Axis Trackers) o VSAT (Vertical Single Axis Trackers) o TSAT (Titled Single Axis Trackers) o PSAT (Polar Aligned Single Axis Trackers) Dual Axis Tracking o TTDAT (Tip-Tilt Dual Axis Trackers) o AADAT (Azimuth-Altitude Dual Axis Trackers) •

6. Report Description and Highlights Report Description 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 • Europe • Latin America • Middle East and Africa

7. Report Description and Highlights Report Description Competitive Landscape with Key Players: • Arctech Solar Holding Co. Ltd. • Array Technologies Inc. • Convert Italia SpA (Valmont Industries Inc.) • DEGER energie GmbH & Co KG, First Solar Inc. • Nextracker Inc. (Flex Ltd.) • Powerway Renewable Energy Co. (SinoTech Power Group) • Soltec Energias Renovables S.L. • Sunpower Corporation (Total S.A.)..

8. Key Questions Answered in the Report Report Description 1. How has the global solar tracker market performed so far and how will it perform in the coming years? What has been the impact of COVID-19 on the global solar tracker market? What are the key regional markets? What is the breakup of the market based on the type? What is the breakup of the market based on the tracking type? What is the breakup of the market based on the technology? What is the breakup of the market based on the application? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the industry? 10. What is the structure of the global solar tracker market and who are the key players? 11. What is the degree of competition in the industry? 2. 3. 4. 5. 6. 7. 8. 9.

9. Report DescriptionTable of Contents 1 Preface 2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Solar Tracker Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast

10. Report DescriptionTable of Contents 6 Market Breakup by Type 6.1 Active Solar Tracker 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Passive Solar Tracker 6.2.1 Market Trends 6.2.2 Market Forecast 7 Market Breakup by Tracking Type 7.1 Single Axis Tracking 7.1.1 Market Trends 7.1.2 Major Types 7.1.2.1 HSAT (Horizontal Single Axis Trackers) 7.1.2.2 VSAT (Vertical Single Axis Trackers) 7.1.2.3 TSAT (Titled Single Axis Trackers) 7.1.2.4 PSAT (Polar Aligned Single Axis Trackers) 7.1.3 Market Forecast 7.2 Dual Axis Tracking Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/solar-tracker-market/toc

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13. Report Description and Highlights Report Description © 2022 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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