Dual-Axis Solar Tracker Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Feb 2021
  • Pages: 120
  • SKU: IRTNTR70120
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The dual-axis solar tracker market size has the potential to grow by $ 486.06 mn during 2021-2025, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by application (Utility and Non-utility) and geography (APAC, Europe, North America, MEA, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Abengoa SA, AllEarth Renewables Inc., BIG SUN Energy Technology Inc., Cabanillas Future SL, DEGERENERGIE GMBH & CO. KG, HeliosLite SAS, Mechatron, Moser LLC, PARU, and Shandong Huayue New Energy Co. Ltd..

Market Overview

Dual-Axis-Solar-Tracker-Market-Market-Size-2020-2025

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Market Competitive Analysis

The dual-axis solar tracker market is fragmented. Abengoa SA, AllEarth Renewables Inc., BIG SUN Energy Technology Inc., Cabanillas Future SL, DEGERENERGIE GMBH & CO. KG, HeliosLite SAS, Mechatron, Moser LLC, PARU, and Shandong Huayue New Energy Co. Ltd. are some of the major market participants. Factors such as declining cost of solar power generation will offer immense growth opportunities. However, competition from alternatives of dual-axis solar trackers may impede market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this dual-axis solar tracker market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this dual-axis solar tracker market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • Abengoa SA
  • AllEarth Renewables Inc.
  • BIG SUN Energy Technology Inc.
  • Cabanillas Future SL
  • DEGERENERGIE GMBH & CO. KG
  • HeliosLite SAS
  • Mechatron
  • Moser LLC
  • PARU
  • Shandong Huayue New Energy Co. Ltd.

Dual-Axis Solar Tracker Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 13%

Market growth 2021-2025

$ 486.06 million

Market structure

Fragmented

YoY growth (%)

13.69

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 38%

Key consumer countries

China, Germany, US, India, and Morocco

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Abengoa SA, AllEarth Renewables Inc., BIG SUN Energy Technology Inc., Cabanillas Future SL, DEGERENERGIE GMBH & CO. KG, HeliosLite SAS, Mechatron, Moser LLC, PARU, and Shandong Huayue New Energy Co. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

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Dual-Axis Solar Tracker Market: Segmentation by Geography

Dual-Axis-Solar-Tracker-Market-Market-Share-by-Region-2020-2025

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The report offers an up-to-date analysis regarding the current Global market scenario, latest trends and drivers, and the overall market environment. APAC will offer several growth opportunities to market vendors during the forecast period. The supportive government policies and regulations pertaining to solar installations will significantly influence dual-axis solar tracker market's growth in this region.

38% of the market’s growth will originate from APAC during the forecast period. China | Germany | US | India | Morocco are the key markets for dual-axis solar tracker market  in APAC. This report provides an accurate prediction of the contribution of all segments to the growth of the dual-axis solar tracker market size.

Dual-Axis Solar Tracker Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive dual-axis solar tracker market growth during the next five years
  • Precise estimation of the dual-axis solar tracker market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the dual-axis solar tracker market industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of dual-axis solar tracker market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces analysis
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Utility - Market size and forecast 2020-2025
    • Non-utility - Market size and forecast 2020-2025
    • Market opportunity by Application

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Abengoa SA
      • AllEarth Renewables Inc.
      • BIG SUN Energy Technology Inc.
      • Cabanillas Future SL
      • DEGERENERGIE GMBH & CO. KG
      • HeliosLite SAS
      • Mechatron
      • Moser LLC
      • PARU
      • Shandong Huayue New Energy Co. Ltd.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The dual-axis solar tracker market growth will increase by $486.06 million during 2020-2025.
      The dual-axis solar tracker market is expected to grow at a CAGR of 12.90% during 2020-2025.
      Technavio has segmented the dual-axis solar tracker market by application (Utility and Non-utility) and geographic (APAC, Europe, North America, MEA, and South America).
      Abengoa SA, AllEarth Renewables Inc., BIG SUN Energy Technology Inc., Cabanillas Future SL, DEGERENERGIE GMBH & CO. KG, HeliosLite SAS, Mechatron, Moser LLC, PARU, Shandong Huayue New Energy Co. Ltd. are a few of the key vendors in the dual-axis solar tracker market.
      APAC will register the highest growth rate of 37.59% among the other regions. Therefore, the dual-axis solar tracker market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the dual-axis solar tracker market growth are:
      • Declining cost of solar power generation
      The dual-axis solar tracker market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
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