Market Overview:
The global PV tracking bracket market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for solar energy across the globe. In addition, government initiatives and subsidies for installation of solar panels are also contributing to the growth of this market. The global PV tracking bracket market is segmented on the basis of type, application and region. On the basis of type, it is divided into single axis PV tracking bracket and dual axis PV tracking bracket. Single axis brackets are more popular as they are cheaper and easier to install as compared to dual axis brackets. However, dual axis brackets offer better performance as they track both east-west and north-south axes simultaneously which leads to increased power output from a solar panel system. On the basis of application, it is segmented into industrial roof applications and commercial roof applications; while ground power station applications account for a majority share in terms of revenue generated in this market owing to high installation costs associated with rooftop installations across regions such as North America and Europe . Regionally, North America dominates this market followed by Europe , Asia Pacific , Latin America , Middle East & Africa .
Product Definition:
A PV tracking bracket is a device that helps orient a photovoltaic panel so that it can capture the most sunlight possible. By rotating the panel, the tracking bracket ensures that the sun's rays are hitting the cells at all times throughout the day. This increases energy production and improves overall system efficiency.
Single Axis PV Tracking Bracket:
Single-axis tracking bracket is a device used to keep track of the sun's rays and solar panels in one particular direction. It can be fixed on the roof of a building or on any other structure. Single-axis tracking bracket has an advantage over conventional systems as it only tracks the sun's rays which increases its efficiency by around 15% to 20%.
The global single axis PV tracking bracket market was valued at USD 5,500 thousand in 2015.
Dual Axis PV Tracking Bracket:
Dual-axis PV tracking bracket is a device used to maintain the position of solar panels in both horizontal and vertical directions. The dual-axis PV tracking bracket maintains the position of solar panel even if there is any error in its installation. It helps to keep the output power from solar panels constant even if the sun's rays are weak at certain times of day or year.
Application Insights:
The ground power station application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to growing demand for renewable energy sources, such as wind and solar, among other factors. Tracking systems with high accuracy are preferred for ground installations owing to low visibility of movement or fluctuation in output from the tracker system on a long-term basis which provides an accurate representation of real-time power production.
Industrial and commercial roof applications are expected to witness significant growth over the forecast period owing to increasing investments by companies operating in various industries across different regions globally. Growing demand from industrial manufacturing sectors along with rising concerns regarding electricity outages due to natural disasters such as earthquakes is anticipated drive product demand in this segment over the next few years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing investments in renewable energy infrastructure and technological advancements in tracking systems. For instance, China has planned to install a capacity ofGWpv tracker system by 2020 which will require huge installation space for mounting equipment. This is likely to increase demand for PV tracking bracket across this region significantly over the next eight years.
Europe accounted for more than 25% of global share in 2017 owing to early adoption of solar power technology coupled with favorable government policies regarding deployment of renewable energy infrastructure across this region.
Growth Factors:
- Increasing demand for solar energy: The global demand for solar energy is increasing rapidly due to the growing awareness of the benefits of renewable energy sources and concerns about climate change. This is driving the growth of the PV tracking bracket market.
- Declining prices of solar panels: The prices of solar panels are declining due to advancements in technology and increased production capacity. This is making it more affordable for consumers to install PV systems, which is driving the growth of the PV tracking bracket market.
- Government incentives and subsidies: Governments around the world are providing incentives and subsidies for installing PV systems, which is promoting their adoption and drivingthe growthofPVtrackingbracketmarket.
Scope Of The Report
Report Attributes
Report Details
Report Title
PV Tracking Bracket Market Research Report
By Type
Single Axis PV Tracking Bracket, Dual Axis PV Tracking Bracket
By Application
Industrial and Commercial Roof, Ground Power Station
By Companies
Nextracker, Array Technologies, Arctech Solar, Soltec, JiangSu Zhenjiang NewEnergy Equipment Co., Ltd., Trina Solar, FTC Solar, Convert Italia, GameChange Solar, Gibraltar Industries, Nextracker, ATEC Energy&Environment Co., LTD., ArcelorMittal (Exosun), Akcome, Versolsolar Hangzhou Co., Ltd., Suzhou KINGSUN Solar Technology Co., Ltd., Jsolar, Clenergy, Jiangsu Guoqiang (Holdings) Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global PV Tracking Bracket Market Report Segments:
The global PV Tracking Bracket market is segmented on the basis of:
Types
Single Axis PV Tracking Bracket, Dual Axis PV Tracking Bracket
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial and Commercial Roof, Ground Power Station
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nextracker
- Array Technologies
- Arctech Solar
- Soltec
- JiangSu Zhenjiang NewEnergy Equipment Co., Ltd.
- Trina Solar
- FTC Solar
- Convert Italia
- GameChange Solar
- Gibraltar Industries
- Nextracker
- ATEC Energy&Environment Co., LTD.
- ArcelorMittal (Exosun)
- Akcome
- Versolsolar Hangzhou Co., Ltd.
- Suzhou KINGSUN Solar Technology Co., Ltd.
- Jsolar
- Clenergy
- Jiangsu Guoqiang (Holdings) Group
Highlights of The PV Tracking Bracket Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Axis PV Tracking Bracket
- Dual Axis PV Tracking Bracket
- By Application:
- Industrial and Commercial Roof
- Ground Power Station
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the PV Tracking Bracket Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A PV tracking bracket is a device that attaches to the roof of a home or business and tracks the movement of solar panels. This information is used to optimize energy production by adjusting the angle and position of the panels.
Some of the major companies in the pv tracking bracket market are Nextracker, Array Technologies, Arctech Solar, Soltec, JiangSu Zhenjiang NewEnergy Equipment Co., Ltd., Trina Solar, FTC Solar, Convert Italia, GameChange Solar, Gibraltar Industries, Nextracker, ATEC Energy&Environment Co., LTD., ArcelorMittal (Exosun), Akcome, Versolsolar Hangzhou Co., Ltd., Suzhou KINGSUN Solar Technology Co., Ltd., Jsolar, Clenergy, Jiangsu Guoqiang (Holdings) Group.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 PV Tracking Bracket Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 PV Tracking Bracket Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 PV Tracking Bracket Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the PV Tracking Bracket Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global PV Tracking Bracket Market Size & Forecast, 2020-2028
4.5.1 PV Tracking Bracket Market Size and Y-o-Y Growth
4.5.2 PV Tracking Bracket Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Single Axis PV Tracking Bracket
5.2.2 Dual Axis PV Tracking Bracket
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Industrial and Commercial Roof
6.2.2 Ground Power Station
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global PV Tracking Bracket Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 PV Tracking Bracket Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Single Axis PV Tracking Bracket
9.6.2 Dual Axis PV Tracking Bracket
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Industrial and Commercial Roof
9.10.2 Ground Power Station
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Single Axis PV Tracking Bracket
10.6.2 Dual Axis PV Tracking Bracket
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Industrial and Commercial Roof
10.10.2 Ground Power Station
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Single Axis PV Tracking Bracket
11.6.2 Dual Axis PV Tracking Bracket
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Industrial and Commercial Roof
11.10.2 Ground Power Station
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Single Axis PV Tracking Bracket
12.6.2 Dual Axis PV Tracking Bracket
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Industrial and Commercial Roof
12.10.2 Ground Power Station
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Single Axis PV Tracking Bracket
13.6.2 Dual Axis PV Tracking Bracket
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Industrial and Commercial Roof
13.10.2 Ground Power Station
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 PV Tracking Bracket Market: Competitive Dashboard
14.2 Global PV Tracking Bracket Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nextracker
14.3.2 Array Technologies
14.3.3 Arctech Solar
14.3.4 Soltec
14.3.5 JiangSu Zhenjiang NewEnergy Equipment Co., Ltd.
14.3.6 Trina Solar
14.3.7 FTC Solar
14.3.8 Convert Italia
14.3.9 GameChange Solar
14.3.10 Gibraltar Industries
14.3.11 Nextracker
14.3.12 ATEC Energy&Environment Co., LTD.
14.3.13 ArcelorMittal (Exosun)
14.3.14 Akcome
14.3.15 Versolsolar Hangzhou Co., Ltd.
14.3.16 Suzhou KINGSUN Solar Technology Co., Ltd.
14.3.17 Jsolar
14.3.18 Clenergy
14.3.19 Jiangsu Guoqiang (Holdings) Group
