Single Axis Solar PV Tracker Market to record USD 7.43 Bn incremental growth; Market has concentrated structure -- Technavio

NEW YORK, Oct. 25, 2022 /PRNewswire/ -- The "Single Axis Solar PV Tracker Market by Application and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The report expects the market size to grow by USD 7.43 billion between 2021-2026. However, the growth momentum is expected to decelerate at a CAGR of 19.45% during the forecast period. According to the report, the market structure is concentrated with a relatively less number of competitors occupying the competitive landscape. Get detailed insights into the vendor landscape, product launches, and successful strategies adopted by market players. Gain confidence by Downloading Free Sample Report.

The global single axis solar PV tracker market is at the growth stage with a relatively lesser number of competitors currently operating in the market. These vendors compete based on the innovation and quality of solar trackers offered by them. The market has a high growth rate and therefore offers the opportunity for each vendor to increase their customer base. In 2021, the global single axis solar PV tracker market was at its growth stage with low market disruption threats, which is further expected to be low by 2026. The regulatory control in the market is medium, and new players are expected to enter the market during the forecast period.

We provide a detailed analysis of around 25 vendors operating in the single axis solar PV tracker market, including some of the dominant vendors. Backed with competitive intelligence and benchmarking, our research report on the single axis solar PV tracker market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

Technavio identifies Abengoa SA, Arctech Solar Holding Co Ltd, Array Technologies Inc., EDF Renewables Inc, First Solar Inc., Grupo Gransolar SL, HeliosLite SAS, IDEEMATEC Germany GmbH, Mahindra Susten PVt. Ltd., Mechatron, NEXtracker Inc, Scorpius Trackers PVt. Ltd., Sinovoltaics Group Ltd., Soltec Energias Renovables SL, SunPower Corp, and Valmont Industries Inc. as some of the major market participants.

The market is driven by the declining costs of solar power generation, supportive government policies and regulations, and rise in solar PV panel installations. However, the competition from alternatives of single axis trackers will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Understand how the purchase of the report can have a direct impact on your revenue. Request Free Sample Report

The global single axis solar PV tracker market is segmented as below:

• Application 
• Utility
• Distributed Generation

The market will observe increased demand for single axis solar PV trackers in utility applications during the forecast period. The increasing demand for energy and rising investments in the utility sector are driving the growth of the segment.

• Geography 
• North America
• Europe
• APAC
• South America
• The Middle East and Africa

The single axis solar PV tracker market in Europe is anticipated to grow significantly during the forecast period. Increased government support and a shift in focus from nuclear power to renewables-based power generation are driving the growth of the regional market. In addition, the growing number of solar capacity installations is increasing the demand for single axis solar PV trackers in Europe. Explore market growth opportunities across other regions and identify major revenue-generating segments in the market. Buy Report Now

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our single axis solar PV tracker market report covers the following areas:

• Single Axis Solar PV Tracker Market Size
• Single Axis Solar PV Tracker Market Trends
• Single Axis Solar PV Tracker Market Industry Analysis

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist single axis solar PV tracker market growth during the next five years
• Estimation of the single axis solar PV tracker market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the single axis solar PV tracker market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of single axis solar PV tracker market vendors

Technavio's library includes over 17,000+ reports covering more than 2,000 emerging technologies. Subscribe to our "Basic Plan" at just USD 5,000 and get lifetime access to our Technavio Insights.

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1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

• 5.1 Market segments
• Exhibit 24: Chart on Application - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Application - Market share 2021-2026 (%)

• 5.2 Comparison by Application
• Exhibit 26: Chart on Comparison by Application
• Exhibit 27: Data Table on Comparison by Application

• 5.3 Utility - Market size and forecast 2021-2026
• Exhibit 28: Chart on Utility - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Utility - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Utility - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Utility - Year-over-year growth 2021-2026 (%)

• 5.4 Distributed generation - Market size and forecast 2021-2026
• Exhibit 32: Chart on Distributed generation - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Distributed generation - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Distributed generation - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Distributed generation - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Application
• Exhibit 36: Market opportunity by Application ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026
• Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026
• Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 APAC - Market size and forecast 2021-2026
• Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026
• Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026
• Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026
• Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 India - Market size and forecast 2021-2026
• Exhibit 70: Chart on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on India - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on India - Year-over-year growth 2021-2026 (%)

• 7.11 Brazil - Market size and forecast 2021-2026
• Exhibit 74: Chart on Brazil - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Brazil - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Brazil - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Brazil - Year-over-year growth 2021-2026 (%)

• 7.12 UK - Market size and forecast 2021-2026
• Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography
• Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors
• Exhibit 88: Matrix on vendor position and classification

• 10.3 Arctech Solar Holding Co Ltd
• Exhibit 89: Arctech Solar Holding Co Ltd - Overview
• Exhibit 90: Arctech Solar Holding Co Ltd - Product / Service
• Exhibit 91: Arctech Solar Holding Co Ltd - Key offerings

• 10.4 Array Technologies Inc.
• Exhibit 92: Array Technologies Inc. - Overview
• Exhibit 93: Array Technologies Inc. - Product / Service
• Exhibit 94: Array Technologies Inc. - Key offerings

• 10.5 First Solar Inc.
• Exhibit 95: First Solar Inc. - Overview
• Exhibit 96: First Solar Inc. - Business segments
• Exhibit 97: First Solar Inc. - Key news
• Exhibit 98: First Solar Inc. - Key offerings
• Exhibit 99: First Solar Inc. - Segment focus

• 10.6 Grupo Gransolar SL
• Exhibit 100: Grupo Gransolar SL - Overview
• Exhibit 101: Grupo Gransolar SL - Product / Service
• Exhibit 102: Grupo Gransolar SL - Key offerings

• 10.7 IDEEMATEC Germany GmbH
• Exhibit 103: IDEEMATEC Germany GmbH - Overview
• Exhibit 104: IDEEMATEC Germany GmbH - Product / Service
• Exhibit 105: IDEEMATEC Germany GmbH - Key offerings

• 10.8 NEXtracker Inc
• Exhibit 106: NEXtracker Inc - Overview
• Exhibit 107: NEXtracker Inc - Product / Service
• Exhibit 108: NEXtracker Inc - Key offerings

• 10.9 Scorpius Trackers PVt. Ltd.
• Exhibit 109: Scorpius Trackers PVt. Ltd. - Overview
• Exhibit 110: Scorpius Trackers PVt. Ltd. - Product / Service
• Exhibit 111: Scorpius Trackers PVt. Ltd. - Key offerings

• 10.10 Soltec Energias Renovables SL
• Exhibit 112: Soltec Energias Renovables SL - Overview
• Exhibit 113: Soltec Energias Renovables SL - Product / Service
• Exhibit 114: Soltec Energias Renovables SL - Key offerings

• 10.11 SunPower Corp
• Exhibit 115: SunPower Corp - Overview
• Exhibit 116: SunPower Corp - Business segments
• Exhibit 117: SunPower Corp - Key news
• Exhibit 118: SunPower Corp - Key offerings
• Exhibit 119: SunPower Corp - Segment focus

• 10.12 Valmont Industries Inc.
• Exhibit 120: Valmont Industries Inc. - Overview
• Exhibit 121: Valmont Industries Inc. - Business segments
• Exhibit 122: Valmont Industries Inc. - Key news
• Exhibit 123: Valmont Industries Inc. - Key offerings
• Exhibit 124: Valmont Industries Inc. - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist
• Exhibit 125: Inclusions checklist
• Exhibit 126: Exclusions checklist

• 11.3 Currency conversion rates for US$
• Exhibit 127: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 128: Research methodology
• Exhibit 129: Validation techniques employed for market sizing
• Exhibit 130: Information sources

• 11.5 List of abbreviations
• Exhibit 131: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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