Market Overview:
The global PV (photovoltaic) tracker systems market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for solar energy across the globe and technological advancements in PV tracker systems. Based on type, the global PV (photovoltaic) tracker systems market is segmented into single axis trackers and dual axis trackers. Dual axis trackers are expected to witness higher growth as compared to single axis trackers during the forecast period owing to their ability to capture more sunlight and generate more power output as compared to single axis trackers. Based on application, the global PV (photovoltaic) tracker systems market is segmented into commercial buildings and residential buildings.
 Tracker Systems Industry Outlook.svg)
Product Definition:
Photovoltaic (PV) tracker systems are used to orient PV arrays in order to optimize energy production. The use of PV trackers can increase the energy output of a PV system by up to 30%. This is because the use of trackers enables a system to better follow the path of the sun, increasing the amount of sunlight that strikes each panel.
Single Axis Trackers:
Single-axis trackers are used in PV (Photovoltaic) Tracker Systems. They are mounted on the structural roof of a solar plant and follow the sun throughout the day to capture as much sunlight as possible for electricity generation. The system is comprised of tracker panels, mounting hardware, control electronics, and an installation manual which provides information on how to install single-axis trackers based on customer requirements.
Dual Axis Trackers:
Dual-axis trackers are electronic devices used to follow the sun throughout the day. It helps in maintaining a constant temperature of PV modules by tracking the movement of sun along with its rays path. The device is mounted on a roof and has two main components, which include motorized tracker and control system that follows the sun throughout its movement.
The major advantage associated with this technology is it provides real-time power production statistics to enable monitoring.
Application Insights:
The commercial buildings segment dominated the global PV(photovoltaic) tracker systems market in terms of revenue in 2017. Factors such as growing emphasis on renewable energy generation for reducing carbon emissions and increasing electricity security are expected to drive the demand for trackers over the forecast period. Furthermore, governments across various regions have made efforts to increase usage of solar power by installing large-scale solar PV installations on government buildings, corporate offices, and shopping malls. This is anticipated to further propel demand from 2018 to 2030.
Residential application segment is projected register a CAGR of XX% from 2018 to 2030 owing to rising awareness about clean energy generation among consumers along with incentives offered by utility companies for installation of residential photovoltaic trackers systems at homes and apartments roofs tops. The availability of financial subsidies as well as tax credits that can be utilized against federal tax liabilities are some other factors driving growth in this segment over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the largest regional market over the forecast period owing to increasing installation of commercial and residential buildings. The region accounted for a share of more than 35% in 2016, which will decline gradually over the forecast period. However, North America PV tracker systems market is expected to grow at a significant rate from 2017 to 2030 due to growing awareness about renewable energy generation sources among individuals as well as organizations. Moreover, supportive government policies regarding installation of solar panels are also anticipated favorably impact regional growth rates in coming years.
Europe was valued at USD X million in 2016 and is projectededto grow significantly over the forecast period owing high adoption rates for tracking systems with higher efficiency levels comparedto other counterparts available in global markets; this trend will continue until 2030 when Europe PV trackers systemmarket shall reach approximately USD X billion thereby making it oneof the major global markets during same year 2030 AD (Year Of Solar Energy Abundance).
Growth Factors:
- Increasing demand for renewable energy: The growth in the renewable energy sector is one of the key drivers for the PV tracker systems market. Governments across the globe are promoting the use of renewables to reduce greenhouse gas emissions and meet their climate change goals. This is expected to drive demand for PV tracker systems in the coming years.
- Declining costs of solar energy: The cost of solar energy has been declining rapidly in recent years, making it more competitive with other forms of electricity generation. This is expected to boost demand for PV tracker systems in coming years as well.
- Rising awareness about benefits of solar power: There has been a growing awareness about the benefits of solar power among consumers and businesses alike in recent years, which is driving its adoption worldwide. This trend is likely to continue, boosting demand for PV trackers over time as well..
Scope Of The Report
Report Attributes
Report Details
Report Title
PV(Photovoltaic) Tracker Systems Market Research Report
By Type
Single Axis Trackers, Dual Axis Trackers
By Application
Commercial Buildings, Residential
By Companies
Arctech Solar, Array Technologies, Convert Italia, Exosun, GameChange Solar, Grupo Clavijo, NEXTracker, Solar FlexRack, Soltec, Sun Action Trackers, SunLink
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global PV(Photovoltaic) Tracker Systems Market Report Segments:
The global PV(Photovoltaic) Tracker Systems market is segmented on the basis of:
Types
Single Axis Trackers, Dual Axis Trackers
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
Commercial Buildings, Residential
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:
- Arctech Solar
- Array Technologies
- Convert Italia
- Exosun
- GameChange Solar
- Grupo Clavijo
- NEXTracker
- Solar FlexRack
- Soltec
- Sun Action Trackers
- SunLink
 Tracker Systems Market Overview.svg)
Highlights of The PV(Photovoltaic) Tracker Systems 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 Trackers
- Dual Axis Trackers
- By Application:
- Commercial Buildings
- Residential
- 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(Photovoltaic) Tracker Systems 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
 Tracker Systems Market Statistics.svg)
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?
PV(Photovoltaic) Tracker Systems are a type of monitoring system that helps solar PV systems track their energy production. This information can be used to optimize the system's performance and ensure that it is producing the maximum amount of energy possible.
Some of the major companies in the pv(photovoltaic) tracker systems market are Arctech Solar, Array Technologies, Convert Italia, Exosun, GameChange Solar, Grupo Clavijo, NEXTracker, Solar FlexRack, Soltec, Sun Action Trackers, SunLink.
The pv(photovoltaic) tracker systems market is expected to register a CAGR of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. PV(Photovoltaic) Tracker Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. PV(Photovoltaic) Tracker Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. PV(Photovoltaic) Tracker Systems Market - Supply Chain
4.5. Global PV(Photovoltaic) Tracker Systems Market Forecast
4.5.1. PV(Photovoltaic) Tracker Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. PV(Photovoltaic) Tracker Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. PV(Photovoltaic) Tracker Systems Market Absolute $ Opportunity
5. Global PV(Photovoltaic) Tracker Systems Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. PV(Photovoltaic) Tracker Systems Market Size and Volume Forecast by Type
5.3.1. Single Axis Trackers
5.3.2. Dual Axis Trackers
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global PV(Photovoltaic) Tracker Systems Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. PV(Photovoltaic) Tracker Systems Market Size and Volume Forecast by Application
6.3.1. Commercial Buildings
6.3.2. Residential
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global PV(Photovoltaic) Tracker Systems Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. PV(Photovoltaic) Tracker Systems Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global PV(Photovoltaic) Tracker Systems Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. PV(Photovoltaic) Tracker Systems Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global PV(Photovoltaic) Tracker Systems Demand Share Forecast, 2019-2026
9. North America PV(Photovoltaic) Tracker Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America PV(Photovoltaic) Tracker Systems Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America PV(Photovoltaic) Tracker Systems Market Size and Volume Forecast by Application
9.4.1. Commercial Buildings
9.4.2. Residential
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America PV(Photovoltaic) Tracker Systems Market Size and Volume Forecast by Type
9.7.1. Single Axis Trackers
9.7.2. Dual Axis Trackers
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America PV(Photovoltaic) Tracker Systems Demand Share Forecast, 2019-2026
10. Latin America PV(Photovoltaic) Tracker Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America PV(Photovoltaic) Tracker Systems Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America PV(Photovoltaic) Tracker Systems Market Size and Volume Forecast by Application
10.4.1. Commercial Buildings
10.4.2. Residential
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America PV(Photovoltaic) Tracker Systems Market Size and Volume Forecast by Type
10.7.1. Single Axis Trackers
10.7.2. Dual Axis Trackers
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America PV(Photovoltaic) Tracker Systems Demand Share Forecast, 2019-2026
11. Europe PV(Photovoltaic) Tracker Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe PV(Photovoltaic) Tracker Systems Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe PV(Photovoltaic) Tracker Systems Market Size and Volume Forecast by Application
11.4.1. Commercial Buildings
11.4.2. Residential
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe PV(Photovoltaic) Tracker Systems Market Size and Volume Forecast by Type
11.7.1. Single Axis Trackers
11.7.2. Dual Axis Trackers
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe PV(Photovoltaic) Tracker Systems Demand Share, 2019-2026
12. Asia Pacific PV(Photovoltaic) Tracker Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific PV(Photovoltaic) Tracker Systems Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific PV(Photovoltaic) Tracker Systems Market Size and Volume Forecast by Application
12.4.1. Commercial Buildings
12.4.2. Residential
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific PV(Photovoltaic) Tracker Systems Market Size and Volume Forecast by Type
12.7.1. Single Axis Trackers
12.7.2. Dual Axis Trackers
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific PV(Photovoltaic) Tracker Systems Demand Share, 2019-2026
13. Middle East & Africa PV(Photovoltaic) Tracker Systems Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa PV(Photovoltaic) Tracker Systems Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa PV(Photovoltaic) Tracker Systems Market Size and Volume Forecast by Application
13.4.1. Commercial Buildings
13.4.2. Residential
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa PV(Photovoltaic) Tracker Systems Market Size and Volume Forecast by Type
13.7.1. Single Axis Trackers
13.7.2. Dual Axis Trackers
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa PV(Photovoltaic) Tracker Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global PV(Photovoltaic) Tracker Systems Market: Market Share Analysis
14.2. PV(Photovoltaic) Tracker Systems Distributors and Customers
14.3. PV(Photovoltaic) Tracker Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Arctech Solar
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Array Technologies
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Convert Italia
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Exosun
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. GameChange Solar
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Grupo Clavijo
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. NEXTracker
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Solar FlexRack
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Soltec
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Sun Action Trackers
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. SunLink
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
