Single Axis Tracker Market: Growth Factors and Regional Analysis
The major global manufacturers of Single Axis Tracker Market include: Soltec, Ukrainian Systems Solar LLC, Exosun, InfiniteERCAM, NEXTracker, Array Technologies, Inc, CleanPower Engineering Ltd, PROINSO, ISOTEC Enerji San. ve Tic. Ltd. Åžti., PVHardware LLC (PVH), Mechatron, GameChange Solar LP., Integra Global Co., Ltd., Solar FlexRack, Energía ERCAM, Nclave, AEE Solar, Optimum Tracker, TOPPER SUN Energy Technology Co., Ltd., .
The Global “Single Axis Tracker Market” Research Report 2024 offers a comprehensive analysis of the market, including its size, share, trends, growth opportunities, and potential for expansion. The report segments the market by value and volume, focusing on manufacturing, application, type, and geography. It provides a geographic analysis covering regions such as North America, Europe, Asia-Pacific, and the Rest of the World. Additionally, the Single Axis Tracker market within each region is further segmented by major countries, including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
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Single Axis Tracker Market Analysis and Insights:
The single axis tracker is an alternative to fixed tilt solar panels. Increasingly, single-axis trackers are being chosen because their biggest benefit is an increase in energy production of around 10-30% due to following the sun throughout the day. Considering the additional ground, installation, operation and maintenance costs, single-axis trackers are the most common tracking system available today. However, the benefits of single-axis trackers also depend on a number of factors such as the local latitude and the financial dictates of the project.
The global Single Axis Tracker market was valued at USD 1487 million in 2023 and is anticipated to reach USD 2880.5 million by 2030, witnessing a CAGR of 8.6% during the forecast period 2024-2030.
Single-axis trackers have gained popularity in utility-scale solar projects due to their ability to increase energy production. By keeping solar panels aligned with the sun’s position, these trackers can improve overall solar system efficiency. Advances in technology, manufacturing processes, and economies of scale have led to reductions in the cost of single-axis trackers. As a result, the cost of implementing tracking systems has become more competitive with fixed-tilt systems. Single-axis trackers are commonly used in utility-scale solar projects where maximizing energy production is essential for economic viability. These projects can range from several megawatts to hundreds of megawatts in capacity. Manufacturers are continuously working on improving the design, durability, and efficiency of single-axis trackers. Innovations include features such as self-powered tracking systems, advanced control algorithms, and weather-resistant materials. The adoption of single-axis trackers is growing globally as more countries focus on increasing their renewable energy capacity. Solar developers and utilities are increasingly considering these trackers to optimize their solar installations. The use of solar trackers can help reduce the environmental impact of energy production by generating more electricity from the same amount of solar panels. This can contribute to lower carbon emissions and a smaller ecological footprint. While single-axis trackers can enhance energy production, the decision to use them in a solar project depends on factors such as local solar irradiance, land availability, project size, and financial considerations.
This report aims to provide a comprehensive presentation of the global market for Single Axis Tracker, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Single Axis Tracker.
Report Scope
This latest report researches the industry structure, sales, revenue, price and gross margin. Major producers’ production locations, market shares, industry ranking and profiles are presented. The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Single Axis Tracker manufacturers, distributors, end users, industry associations, governments’ industry bureaus, industry publications, industry experts, third party database, and our in-house databases.
Key Companies Covered
In this section of the report, the researchers have done a comprehensive analysis of the prominent players operating and the strategies they are focusing on to combat the intense competition. Company profiles and market share analysis of the prominent players are also provided in this section. Additionally, the specialists have done an all-encompassing analysis of each player. They have also provided reliable sales, revenue, price, market share and rank data of the manufacturers.
Some of the players in the research report include:
- Soltec
- Ukrainian Systems Solar LLC
- Exosun
- InfiniteERCAM
- NEXTracker
- Array Technologies, Inc
- CleanPower Engineering Ltd
- PROINSO
- ISOTEC Enerji San. ve Tic. Ltd. Åžti.
- PVHardware LLC (PVH)
- Mechatron
- GameChange Solar LP.
- Integra Global Co., Ltd.
- Solar FlexRack
- Energía ERCAM
- Nclave
- AEE Solar
- Optimum Tracker
- TOPPER SUN Energy Technology Co., Ltd.
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Single Axis Tracker segment by Type:
- Manual
- Automatic
Single Axis Tracker segment by Application:
- Mechanical Engineering
- Automotive Industry
- Aerospace
- Oil And Gas
- Chemical Industry
- Medical Technology
- Electrical Industry
Key Regions & Countries
This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the value and sales data of each region and country for the period 2017-2031.
- North America
- United States
- Canada
- Europe
- Germany
- France
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COVID-19 and Russia-Ukraine War Influence Analysis
The readers in the section will understand how the Single Axis Tracker market scenario changed across the globe during the pandemic, post-pandemic and Russia-Ukraine War. The study is done keeping in view the changes in aspects such as demand, consumption, transportation, consumer behavior, supply chain management, export and import, and production. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come.
Reasons to Buy This Report
This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Single Axis Tracker market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
This report will help stakeholders to understand the global industry status and trends of Single Axis Tracker and provides them with information on key market drivers, restraints, challenges, and opportunities.
This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
This report stays updated with novel technology integration, features, and the latest developments in the market
This report helps stakeholders to understand the COVID-19 and Russia-Ukraine War Influence on the Single Axis Tracker industry.
This report helps stakeholders to gain insights into which regions to target globally
This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Single Axis Tracker.
This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapters included in this report:
- Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
- Chapter 2: Detailed analysis of Single Axis Tracker manufacturers competitive landscape, price, output and revenue market share, latest development plan, merger, and acquisition information, etc.
- Chapter 3: Production/output, value of Single Axis Tracker by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
- Chapter 4: Consumption of Single Axis Tracker in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
- Chapter 5: Provides the analysis of various market segments according to product type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 6: Provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, revenue, , price, gross margin, product introduction, recent development, etc.
- Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
- Chapter 9: Analysis of sales channel, distributors and customers
- Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
More.
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Detailed TOC of Global Single Axis Tracker Market Research Report
1 Single Axis Tracker Market Overview
1.1 Product Definition
1.2 Single Axis Tracker by Type
1.2.1 Global Single Axis Tracker Market Value Comparison by Type (2024-2030)
1.3 Single Axis Tracker by Application
1.3.1 Global Single Axis Tracker Market Value by Application (2024-2030)
1.4 Global Single Axis Tracker Market Size Estimates and Forecasts
1.4.1 Global Single Axis Tracker Revenue 2019-2030
1.4.2 Global Single Axis Tracker Sales 2019-2030
1.4.3 Global Single Axis Tracker Market Average Price (2019-2030)
1.5 Assumptions and Limitations
2 Single Axis Tracker Market Competition by Manufacturers
2.1 Global Single Axis Tracker Sales Market Share by Manufacturers (2019-2024)
2.2 Global Single Axis Tracker Revenue Market Share by Manufacturers (2019-2024)
2.3 Global Single Axis Tracker Average Price by Manufacturers (2019-2024)
2.4 Global Key Players of Single Axis Tracker, Industry Ranking, 2024 VS 2023 VS 2024
2.5 Global Key Manufacturers of Single Axis Tracker, Manufacturing Sites & Headquarters
2.6 Global Key Manufacturers of Single Axis Tracker, Product Type & Application
2.7 Global Key Manufacturers of Single Axis Tracker, Date of Enter into This Industry
2.8 Global Single Axis Tracker Market Competitive Situation and Trends
2.8.1 Global Single Axis Tracker Market Concentration Rate
2.8.2 The Global 5 and 10 Largest Single Axis Tracker Players Market Share by Revenue
2.8.3 Global Single Axis Tracker Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.9 Manufacturers Mergers & Acquisitions, Expansion Plans
3 Global Single Axis Tracker Market Scenario by Region
3.1 Global Single Axis Tracker Market Size by Region: 2019 Versus 2023 Versus 2030
3.2 Global Single Axis Tracker Sales by Region: 2019-2030
3.2.1 Global Single Axis Tracker Sales by Region: 2019-2024
3.2.2 Global Single Axis Tracker Sales by Region: 2025-2030
3.3 Global Single Axis Tracker Revenue by Region: 2019-2030
3.3.1 Global Single Axis Tracker Revenue by Region: 2019-2024
3.3.2 Global Single Axis Tracker Revenue by Region: 2025-2030
3.4 North America Single Axis Tracker Market Facts & Figures by Country
3.4.1 North America Single Axis Tracker Market Size by Country: 2019 VS 2023 VS 2030
3.4.2 North America Single Axis Tracker Sales by Country (2019-2030)
3.4.3 North America Single Axis Tracker Revenue by Country (2019-2030)
3.4.4 United States
3.4.5 Canada
3.5 Europe Single Axis Tracker Market Facts & Figures by Country
3.5.1 Europe Single Axis Tracker Market Size by Country: 2019 VS 2023 VS 2030
3.5.2 Europe Single Axis Tracker Sales by Country (2019-2030)
3.5.3 Europe Single Axis Tracker Revenue by Country (2019-2030)
3.5.4 Germany
3.5.5 France
3.5.6 U.K.
3.5.7 Italy
3.5.8 Russia
3.6 Asia Pacific Single Axis Tracker Market Facts & Figures by Region
3.6.1 Asia Pacific Single Axis Tracker Market Size by Region: 2019 VS 2023 VS 2030
3.6.2 Asia Pacific Single Axis Tracker Sales by Region (2019-2030)
3.6.3 Asia Pacific Single Axis Tracker Revenue by Region (2019-2030)
3.6.4 China
3.6.5 Japan
3.6.6 South Korea
3.6.7 India
3.6.8 Australia
3.6.9 China Taiwan
3.6.10 Southeast Asia
3.7 Latin America Single Axis Tracker Market Facts & Figures by Country
3.7.1 Latin America Single Axis Tracker Market Size by Country: 2019 VS 2023 VS 2030
3.7.2 Latin America Single Axis Tracker Sales by Country (2019-2030)
3.7.3 Latin America Single Axis Tracker Revenue by Country
3.7.4 Mexico
3.7.5 Brazil
3.7.6 Argentina
3.7.7 Colombia
3.8 Middle East and Africa Single Axis Tracker Market Facts & Figures by Country
3.8.1 Middle East and Africa Single Axis Tracker Market Size by Country: 2019 VS 2023 VS 2030
3.8.2 Middle East and Africa Single Axis Tracker Sales by Country (2019-2030)
3.8.3 Middle East and Africa Single Axis Tracker Revenue by Country
3.8.4 Turkey
3.8.5 Saudi Arabia
3.8.6 UAE
4 Segment by Type
4.1 Global Single Axis Tracker Sales by Type (2019-2030)
4.1.1 Global Single Axis Tracker Sales by Type (2019-2024)
4.1.2 Global Single Axis Tracker Sales by Type (2025-2030)
4.1.3 Global Single Axis Tracker Sales Market Share by Type (2019-2030)
4.2 Global Single Axis Tracker Revenue by Type (2019-2030)
4.2.1 Global Single Axis Tracker Revenue by Type (2019-2024)
4.2.2 Global Single Axis Tracker Revenue by Type (2025-2030)
4.2.3 Global Single Axis Tracker Revenue Market Share by Type (2019-2030)
4.3 Global Single Axis Tracker Price by Type (2019-2030)
5 Segment by Application
5.1 Global Single Axis Tracker Sales by Application (2019-2030)
5.1.1 Global Single Axis Tracker Sales by Application (2019-2024)
5.1.2 Global Single Axis Tracker Sales by Application (2025-2030)
5.1.3 Global Single Axis Tracker Sales Market Share by Application (2019-2030)
5.2 Global Single Axis Tracker Revenue by Application (2019-2030)
5.2.1 Global Single Axis Tracker Revenue by Application (2019-2024)
5.2.2 Global Single Axis Tracker Revenue by Application (2025-2030)
5.2.3 Global Single Axis Tracker Revenue Market Share by Application (2019-2030)
5.3 Global Single Axis Tracker Price by Application (2019-2030)
6 Key Companies Profiled
6.1 Manufacture 1
6.1.1 Manufacture 1 Company Information
6.1.2 Manufacture 1 Description and Business Overview
6.1.3 Manufacture 1 Single Axis Tracker Sales, Revenue and Gross Margin (2019-2024)
6.1.4 Manufacture 1 Single Axis Tracker Product Portfolio
6.1.5 Manufacture 1 Recent Developments/Updates
7 Industry Chain and Sales Channels Analysis
7.1 Single Axis Tracker Industry Chain Analysis
7.2 Single Axis Tracker Key Raw Materials
7.2.1 Key Raw Materials
7.2.2 Raw Materials Key Suppliers
7.3 Single Axis Tracker Production Mode & Process
7.4 Single Axis Tracker Sales and Marketing
7.4.1 Single Axis Tracker Sales Channels
7.4.2 Single Axis Tracker Distributors
7.5 Single Axis Tracker Customers
8 Single Axis Tracker Market Dynamics
8.1 Single Axis Tracker Industry Trends
8.2 Single Axis Tracker Market Drivers
8.3 Single Axis Tracker Market Challenges
8.4 Single Axis Tracker Market Restraints
9 Research Findings and Conclusion
10 Methodology and Data Source
10.1 Methodology/Research Approach
10.1.1 Research Programs/Design
10.1.2 Market Size Estimation
10.1.3 Market Breakdown and Data Triangulation
10.2 Data Source
10.2.1 Secondary Sources
10.2.2 Primary Sources
10.3 Author List
10.4 Disclaimer
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