Dual Axis Solar Tracker Market : size was valued at US$ 3.49 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 15.41% through 2021 to 2027, reaching nearly US$ 9.52 Bn.
Dual Axis Solar Tracker Market Overview:
The competitive landscape of the Dual Axis Solar Tracker market includes information about competitors. Among the areas covered are a firm overview, financials, revenue generated, market potential, R&D investment, new market efforts, geographical presence, business strengths and weaknesses, product introduction, and application dominance. The information that follows is only relevant to the organization's concentration on the Dual Axis Solar Tracker market.
Market Scope:
Top-down and bottom-up approaches are used to validate the market size and estimate the market size by different segments. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights based on usage rate and average sale price are applied to each area to generate percentage splits, market shares, and segment breakdowns. The country-wise divisions of the overall market and its sub-segments are determined by the percentage adoption or usage of the specified market Size in the relevant area or nation.
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Segmentation:
by Technology
• Solar Photovoltaic
• Concentrated Solar Power
• Concentrated Photovoltaic
Based on the Technology, the market is segmented into Solar Photovoltaic (PV), Concentrated Solar Power (CSP), and Concentrated Photovoltaic (CPV). Solar Photovoltaic (PV) segment is expected to hold the largest market share of xx% by 2027. The growth can be attributed to the growing demand for ecological energy resources. Ease of installation, modest cost structure, and compact size of photovoltaic technology are a few vital parameters valued to justify the product perception. These are the key factor that drives the growth of this segment in the Global market during the forecast period 2021-2027.
by Application
• Utility
• Non-Utility
Based on the Application, the market is segmented into Utility, and Non-Utility. The utility segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2021-2027. Growing capacities of solar-powered large-scale industries have been the key driving factor for the growth of the solar tracker market for utility applications. The rising cost of electricity coupled with the growing demand for renewable sources for energy production is projected to drive the usage of these products in the utility sector. These are the key driver that boosts the growth of this segment in the Global market during the forecast period 2021-2027.
Dual Axis Solar Tracker Market: Research Methodology
Dual Axis Solar Tracker Market: Executive Summary
Market Overview and Definitions
Introduction to Dual Axis Solar Tracker Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Dual Axis Solar Tracker Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Dual Axis Solar Tracker Market Segmentation
Dual Axis Solar Tracker Market, by Technology(2021-2029)
Dual Axis Solar Tracker Market, by Application(2021-2029)
Dual Axis Solar Tracker Market(2021-2029)
Dual Axis Solar Tracker Market, by Technology(2021-2029)
Dual Axis Solar Tracker Market, by Application(2021-2029)
Dual Axis Solar Tracker Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Players:
• Haosolar Co. Ltd.
• Abengoa Solar S.A.
• AllEarth Renewables
• Array Technologies, Inc.
• DEGERenergie GmbH & Co. KG
• Energia Ercam
• Powerway Renewable Energy Co. Ltd.
• Mechatron
• SunPower Corporation
• Titan Tracker SL
• SmartTrak Solar Systems Pvt. Ltd
• Mecasolar Espana SL
• First Solar
• Soitec
• CM Tracker
• Optimum Tracker.
• Wuxi Hao Solar Technology Co. Ltd.
• Grupo Clavijo Elt SL
• First Solar
• PV hardware
• Arctech Solar
• Ideematec
• Exosun
• STi Norland
• Scorpius Trackers
• Mahindra Susten
• Convert Italia
The following are the key players of the Dual Axis Solar Tracker market-
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Regional Analysis:
Individual market influencing components and changes in market rules that impact present and future market trends are also explored in the research's geographical component. Downstream and upstream value chain analysis, technology trends, Porter's five forces analysis, and case studies are some of the elements utilized to anticipate market scenarios for various nations.
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COVID-19 Impact Analysis on Dual Axis Solar Tracker Market: In addition, the paper evaluates the influence of COVID-19 on the Dual Axis Solar Tracker market. The primary goal of this research is to assist users in understanding the market in terms of definition, segmentation, market potential, important trends, and challenges that the industry faces across major regions. The study presents a microeconomic and macroeconomic analysis of COVID-19's overall impact on the Dual Axis Solar Tracker Market. The analysis focuses on market share and size, clearly illustrating the impact of the pandemic on the global Dual Axis Solar Tracker Market in the next years.
Key Questions Answered in the Dual Axis Solar Tracker Market Report are:
What will be the Dual Axis Solar Tracker market's CAGR throughout the projected period (2021-2027)?
Which market category emerged as the market leader in the Dual Axis Solar Tracker industry?
Who are the key players in the Dual Axis Solar Tracker market?
What important trends in the Dual Axis Solar Tracker industry are anticipated to develop throughout the forecast period?
How big will the Dual Axis Solar Tracker market be in 2027?
In 2020, which business segment had the highest proportion of the Dual Axis Solar Tracker market?
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