Dual Axis Solar Trackers

World Market Report

MCP11651

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DATE

OCT 2022

TABLES

32

PAGES

209

EDITION

6

PRICE

USD 4950

CODE

MCP11651


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HIGHLIGHTS & REPORT INDEX

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Global Dual Axis Solar Trackers Market to Reach $10.7 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Dual Axis Solar Trackers estimated at US$4.2 Billion in the year 2020, is projected to reach a revised size of US$10.7 Billion by 2027, growing at aCAGR of 14.3% over the period 2020-2027. Utility, one of the segments analyzed in the report, is projected to record 14.6% CAGR and reach US$8.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Non-Utility segment is readjusted to a revised 13.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $885 Million, While China is Forecast to Grow at 18.1% CAGR
The Dual Axis Solar Trackers market in the U.S. is estimated at US$885 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2027 trailing a CAGR of 18.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.4% and 13% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.7% CAGR.

SELECT PLAYERS

Abengoa Solar S.A.; AllEarth Renewables, Inc.; Array Technologies, Inc.; DEGERenergie GmbH & Co. KG; Haosolar Co. Ltd.; Mechatron S.A.; NEXTracker Inc.; Shandong Huayue New Energy Co., Ltd.; STI Norland; Sun Action Trackers LLC

SEGMENTS

» Application (Utility, Non-Utility)

GEOGRAPHIES

» World » USA » Canada » Japan » China » Europe » France » Germany » Italy » UK » Rest of Europe » Asia-Pacific » Rest of World

TABLE OF CONTENTS

1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
EXHIBIT: COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
Pandemic Impact on Solar Power Market
EXHIBIT: COVID-19 Impact on Solar Power Market: Solar PV Installed Capacity (in GW) in China for the Period Q1 2019 to Q1 2020
COVID-19 Pandemic Chokes Supply from China
EXHIBIT: Percentage of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of August 2020
Impact of the COVID-19 Pandemic on the Global and Regional Solar Markets
Solar Trackers: A Prelude
Introduction to Dual Axis Solar Trackers
Rotation Axes
Application Markets
An Overview of the Solar Trackers Market
Global Market Prospects & Outlook for Dual Axis Solar Trackers
Utility Application Sector to Spearhead Market Growth
EXHIBIT: World Dual Axis Solar Trackers Market by Application (2020 & 2027): Percentage Breakdown of Sales for Utility and Non-Utility
Regional Analysis: Developed Regions Lead Dual Axis Solar Trackers Market, Developing Nations Promise Future Growth
EXHIBIT: World Dual Axis Solar Trackers Market by Region (2020 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
EXHIBIT: Global Dual Axis Solar Trackers Market: Geographic Regions Ranked by CAGR (Value) for 2020-2027: China, Asia-Pacific, Rest of World, USA, Canada, Europe, and Japan
Competitive Scenario
Recent Market Activity
Dual Axis Solar Trackers – Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Increasing Solar Power Capacity Augurs Well for Market Expansion
EXHIBIT: Top 10 Countries Worldwide by Annual PV Installed Capacity (2019)
EXHIBIT: Top 10 Countries Worldwide by Cumulative PV Installed Capacity in GW (2019)
EXHIBIT: Global Cumulative PV Installation by Region/Country for 2019
EXHIBIT: Solar PV Capacity Additions (in GW) by Sector for China, Europe, USA and India: 2019
Rising Global Electricity Demand Creates Conducive Environment for Solar Power Industry
EXHIBIT: Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
EXHIBIT: Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040
EXHIBIT: Global Energy Consumption (in Billion toe) by Country/Region (1995, 2017 and 2040)
EXHIBIT: Estimated Global Power Generation Infrastructure Requirement (in US$ Billion) for China, India, Latin America, and North America over the Period 2010-2030
Emphasis on Renewable Energy Sources Bodes Well for the Market
Domestic Targets for Greenhouse Gas Emissions of Select Regions/Countries
EXHIBIT: Global CO2 Emissions: Percentage Breakdown of Volume Emissions by Fuel Type (2015, 2020, 2040 & 2050)
EXHIBIT: Global Investments (US$ Billion) in Renewable Energy by Source: 2018
EXHIBIT: Leading Countries with Renewable Energy as % of Total Energy
EXHIBIT: Targets for Electricity Production from Renewable Energy Sources in Select Countries
Government Boost to Solar Energy Adoption to Spur Market Momentum
Demographic Trends & Urbanization Drive Favor Growth
EXHIBIT: World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
EXHIBIT: Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
Non-Utility Segment Offers Robust Opportunities
Growing Opportunities in Utility Vertical
Uptrend in Commercial Solar Power Sector Enhances Demand
Technology Advancements & Innovations
4. GLOBAL MARKET PERSPECTIVE
World Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Dual Axis Solar Trackers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Utility by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Utility by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Non-Utility by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Non-Utility by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
UNITED STATES
Dual Axis Solar Trackers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
The United States: A Key Market for Solar Modules and Trackers
EXHIBIT: Cumulative Installed Solar PV Capacity (in MWdc) in the US for Years 2014, 2017 and 2020
EXHIBIT: US Annual Solar PV Installations (in MWdc) for Years 2010, 2015 and 2020
EXHIBIT: Electricity Generating Capacity in the US: Percentage Breakdown of Annual Additions by Type for 2010, 2015 & 2020
COVID-19 Crisis Puts Tremendous Pressure on the US Solar Industry
Residential Segment Characterized by Continued Diversification
EXHIBIT: Residential Solar PV Installations (in MWdc) for Years 2015, 2020 and 2025
Utility Investments on Solar PV to Drive Dual Axis Solar Trackers Market
EXHIBIT: Utility Solar PV Installations (in MWdc) for Years 2015, 2020 and 2025
Corporate Procurement and Community Solar Model Amplify Non-Utility and Non-Residential Dual Axis Solar Trackers Market
EXHIBIT: Non-Residential Solar PV Installations (in MWdc) for Years 2015, 2020 and 2025
EXHIBIT: Corporate Solar Capacity in the US: Installed Capacity (in MW) for Select Companies in H1 2020
Falling Prices Accelerate Market Expansion of Solar Trackers
EXHIBIT: Solar PV Prices (in $/Watt) in the US for Years 2010 through 2020
EXHIBIT: Prices of Residential Solar PV System by Segment (in $/Watt) for 2014, 2017 and 2020
USA Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
USA 7-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2021 & 2027
CANADA
Canada Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Canada 7-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2021 & 2027
JAPAN
Dual Axis Solar Trackers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
Market Overview
EXHIBIT: Average Generation Costs of Residential Solar PVs and Average Residential Electricity Rates in Japan (JPY/kWh) (As of Aug 2020)
Japan Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Japan 7-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2021 & 2027
CHINA
Dual Axis Solar Trackers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
China: Most Vibrant Market for Solar Modules and Trackers
EXHIBIT: China’s Solar Power Installed Capacity in GW for the Years 2019 and 2025
China Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
China 7-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2021 & 2027
EUROPE
Dual Axis Solar Trackers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
Market Overview
EXHIBIT: Cumulative Installed Solar PV Capacity (in GW) in EU for Years 2010, 2015, 2020, 2025 and 2030
EXHIBIT: Cumulative Grid-Connected PV Capacity (in GWp) in EU for Years 2010, 2015, and 2020
Favorable Policy Framework to Stimulate Adoption of PV Systems, Driving Demand for Solar Trackers
Europe Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Dual Axis Solar Trackers by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2021 & 2027
Europe Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2021 & 2027
FRANCE
Dual Axis Solar Trackers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
France Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
France 7-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2021 & 2027
GERMANY
Dual Axis Solar Trackers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
Germany: A Prelude to the Solar Market
Germany Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Germany 7-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2021 & 2027
ITALY
Italy Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Italy 7-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2021 & 2027
UNITED KINGDOM
Dual Axis Solar Trackers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
UK Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
UK 7-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2021 & 2027
REST OF EUROPE
Rest of Europe Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of Europe 7-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2021 & 2027
ASIA-PACIFIC
Dual Axis Solar Trackers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
Asia-Pacific Leads Solar PV Installations, Driving Dual Axis Solar Trackers Market
Focus on Renewable Energy Mix and Favorable Government Policies Bodes Well for Market Growth
COVID-19 Impact on Indian Solar Industry
Lockdowns Help Produce More Solar Power
Asia-Pacific Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Asia-Pacific 7-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2021 & 2027
REST OF WORLD
Rest of World Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of World 7-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2021 & 2027

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