Single Axis Solar Photovoltaic (PV) Tracker Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, China, India, UK, Brazil - Size and Forecast 2024-2028

Published: Oct 2023 Pages: 161 SKU: IRTNTR41547

Single Axis Solar Photovoltaic (PV) Tracker Market 2024-2028

The single axis solar photovoltaic (PV) tracker market size is estimated to grow at a CAGR of 19.07% between 2024 and 2028. The market size is forecast to increase by USD 10,718.63 million. The growth of the market depends on several factors such as the declining costs of solar power generation, supportive government policies and regulations, and the rise in solar PV panel installations.

This single axis solar PV tracker market report extensively covers market segmentation by application (utility and distributed generation), type (horizontal type and vertical type), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018-2022.

What will be the Size of the Single Axis Solar PV Tracker Market During the Forecast Period?

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Single Axis Solar PV Tracker Market: Key Drivers, Trends and Challenges

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Single Axis Solar PV Tracker Market Driver

One of the key factors driving the single axis solar PV tracker market growth is the rise in solar PV panel installations. There has been a significant rise in the number of solar PV panel installations globally due to the tax credits provided by the governments of all nations, clean energy initiatives such as the Paris Agreement on Climate Change in 2015, as well as the declining cost of solar PV panels.  In addition, according to the IEA, in 2019, solar PV panel prices for large-scale utility systems fell significantly compared to that in 2010

For example, in 2015, the US Government extended the solar ITC till 2023, thus benefitting residential and commercial solar PV panel owners. Therefore, due to such factors,  solar energy is less expensive than fossil fuel-powered power generation which in turn has become a popular choice for electricity generation. Hence, such factors are positively impacting the single axis solar photovoltaic tracker market. Therefore, it is expected to drive the market growth during the forecast period.

Key Single Axis Solar PV Tracker Market Trends

A key factor shaping the single axis solar PV tracker market growth is the increased adoption of microgrids. Microgrids are essentially small-scale power grids that have their own generation and storage resources. In addition, microgrids can function independently or collaboratively with other small electricity grids. Furthermore, microgrid can connect and disconnect from the main power grid to operate in both grid-connected modes as well as in island mode.

Moreover, when integrated with the main power grid, it is referred to as a hybrid microgrid. These hybrid microgrids are able to shift to island mode when there is an outage in the main power grid or if the system is disconnected from the main grid intentionally. Furthermore, solar-based microgrids are gaining traction due to their low operational and electricity generation costs and are being widely adopted by various companies. Hence, such factors are positively impacting the single axis solar PV tracker market. Therefore, it is expected to drive the market growth during the forecast period. 

Key Single Axis Solar PV Tracker Market Challenge

Competition from alternatives of single axis trackers is one of the key challenges hindering the single axis solar PV tracker market growth. There is an increasing preference for single-axis trackers among solar PV trackers over dual axis trackers as the former is comparatively cheaper and has fewer moving parts, resulting in lower maintenance costs. On the other hand, dual axis solar PV trackers have a higher degree of flexibility and accuracy in directional pointing as they can move both horizontally and vertically to achieve the optimum angle.

Moreover, dual axis solar PV trackers work better in all weather conditions, which is a major factor spurring the adoption of these trackers. Furthermore, single axis solar PV trackers face major competition from fixed-tilt installations, which form the basic balance structure and do not include any additional costs for installation. Hence, such factors are negatively impacting the market. Therefore, it is expected to hinder the market growth during the forecast period.

Single Axis Solar PV Tracker Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Single Axis Solar PV Tracker Market Customer Landscape

Who are the Major Single Axis Solar PV Tracker Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Abengoa SA: The company offers single axis solar PV trackers which use a single axis to rotate and tilts to maintain a standard angle between the solar panel and the sun.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • All Earth Renewables
  • ArcelorMittal SA
  • Arctech Solar Holding Co Ltd
  • Array Technologies Inc.
  • First Solar Inc.
  • GameChange Solar
  • Gensol Engineering Ltd.
  • Grupo Gransolar SL
  • Hanwha Corp.
  • Haosolar Co. Ltd.
  • IDEEMATEC Germany GmbH
  • MECANIZADOS SOLARES SL
  • NOV Inc.
  • Soltec Energias Renovables SL
  • Sun Action Trackers
  • Trina Solar Co. Ltd.
  • Valmont Industries Inc.
  • Flex Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What is the Largest-Growing Segments in the Single Axis Solar PV Tracker Market?

The utility segment is estimated to witness significant growth during the forecast period. There is an increasing deployment of single axis solar PV trackers in utility-scale solar projects. In addition, solar-based utility-scale projects have gained significant traction in recent years as the world moves toward cleaner and more sustainable forms of energy generation in light of the Paris Agreement on Climate Change. Therefore, the growth in the global population is increasing the demand for electricity which is signficantly contributing to the growth of this segment.

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The utility segment segment was the largest segment and was valued at USD 3,655.54 million in 2018. Moreover, solar energy, being a low-cost source of energy generation, has been a primary investment focus for both public and investor-owned utilities. For example, as per the US Energy Information Administration (EIA), electricity generation is witnessing a significant y-o-y increase from solar PV and solar thermal at utility-scale facilities. The utility segment comprises single axis solar PV trackers used in large-scale solar PV systems, concentrated PVs, and CSPs. CSPs are a rising trend in the solar energy industry, especially in emerging economies such as Morocco, China, and South Africa. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.

Which are the Key Regions for the Single Axis Solar PV Tracker Market?

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Europe is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

Another region offering significant growth opportunities to market players is North America. Some of the main countries in North America which are significant contributors to the growth of the single axis solar photovoltaic tracker market in the region are the US and Canada. In addition, The reduction in the prices of solar PV modules and the increase in government support for the development of renewable energy are positively impacting the market in the region. Furthermore, in the US, federal policies such as the Solar Investment Tax Credit (ITC) support solar installations. Moreover, factors such as increased government support and the declining prices of solar power generation will fuel the demand for solar PV modules as well as single axis solar PV trackers in the region. Furthermore, factors such as the reduction in the prices of solar PV modules, as well as the increase in government support for the development of renewable energy are expected to drive the market growth in North America during the forecast period.

In 2020, during the COVID-19 pandemic, the growth of the global single axis solar PV tracker witnessed a significant slowdown due to the temporary closure of various manufacturing units in North America. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the restoration of operations in manufacturing units. Such factors are expected to drive the market during the forecast period.

Segment Overview

The single axis solar PV tracker market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Application Outlook (USD Million, 2018-2028)
    • Utility
    • Distributed generation
  • Type Outlook (USD Million, 2018-2028)
    • Horizontal type
    • Vertical type
  • Geography Outlook (USD Million, 2018-2028)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Single Axis Solar PV Tracker Market Scope

Report Coverage

Details

Page number

161

Base year

2023

Historic period

 2018 - 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 19.07%

Market Growth 2024-2028

USD 10,718.63 million

Market structure

Fragmented

YoY growth 2023-2024(%)

17.22

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

Europe at 43%

Key countries

US, China, India, UK, and Brazil

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Abengoa SA, All Earth Renewables, ArcelorMittal SA, Arctech Solar Holding Co Ltd, Array Technologies Inc., First Solar Inc., GameChange Solar, Gensol Engineering Ltd., Grupo Gransolar SL, Hanwha Corp., Haosolar Co. Ltd., IDEEMATEC Germany GmbH, MECANIZADOS SOLARES SL, NOV Inc., Soltec Energias Renovables SL, Sun Action Trackers, Trina Solar Co. Ltd., Valmont Industries Inc., and Flex Ltd.

Market dynamics

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

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Single Axis Solar PV Tracker Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global single axis solar PV tracker market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global single axis solar pv tracker market 2018 - 2022 ($ million)
    • 4.2 Application Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ million)
    • 4.3 Type Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Type Segment 2018 - 2022 ($ million)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Utility - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Utility - Market size and forecast 2023-2028 ($ million)
      • Exhibit 35: Data Table on Utility - Market size and forecast 2023-2028 ($ million)
      • Exhibit 36: Chart on Utility - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Utility - Year-over-year growth 2023-2028 (%)
    • 6.4 Distributed generation - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Distributed generation - Market size and forecast 2023-2028 ($ million)
      • Exhibit 39: Data Table on Distributed generation - Market size and forecast 2023-2028 ($ million)
      • Exhibit 40: Chart on Distributed generation - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Distributed generation - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Application
      • Exhibit 42: Market opportunity by Application ($ million)
      • Exhibit 43: Data Table on Market opportunity by Application ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 44: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 45: Data Table on Type - Market share 2023-2028 (%)
    • 7.2 Comparison by Type
      • Exhibit 46: Chart on Comparison by Type
      • Exhibit 47: Data Table on Comparison by Type
    • 7.3 Horizontal type - Market size and forecast 2023-2028
      • Exhibit 48: Chart on Horizontal type - Market size and forecast 2023-2028 ($ million)
      • Exhibit 49: Data Table on Horizontal type - Market size and forecast 2023-2028 ($ million)
      • Exhibit 50: Chart on Horizontal type - Year-over-year growth 2023-2028 (%)
      • Exhibit 51: Data Table on Horizontal type - Year-over-year growth 2023-2028 (%)
    • 7.4 Vertical type - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Vertical type - Market size and forecast 2023-2028 ($ million)
      • Exhibit 53: Data Table on Vertical type - Market size and forecast 2023-2028 ($ million)
      • Exhibit 54: Chart on Vertical type - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Vertical type - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Type
      • Exhibit 56: Market opportunity by Type ($ million)
      • Exhibit 57: Data Table on Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 59: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 60: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 61: Chart on Geographic comparison
      • Exhibit 62: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 63: Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 64: Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 65: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 66: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 67: Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 68: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 69: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 70: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 APAC - Market size and forecast 2023-2028
      • Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 75: Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 76: Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 77: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 83: Chart on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 84: Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 85: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 87: Chart on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 88: Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 89: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 UK - Market size and forecast 2023-2028
      • Exhibit 91: Chart on UK - Market size and forecast 2023-2028 ($ million)
      • Exhibit 92: Data Table on UK - Market size and forecast 2023-2028 ($ million)
      • Exhibit 93: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.11 India - Market size and forecast 2023-2028
      • Exhibit 95: Chart on India - Market size and forecast 2023-2028 ($ million)
      • Exhibit 96: Data Table on India - Market size and forecast 2023-2028 ($ million)
      • Exhibit 97: Chart on India - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on India - Year-over-year growth 2023-2028 (%)
    • 9.12 Brazil - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Brazil - Market size and forecast 2023-2028 ($ million)
      • Exhibit 100: Data Table on Brazil - Market size and forecast 2023-2028 ($ million)
      • Exhibit 101: Chart on Brazil - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Brazil - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 103: Market opportunity by geography ($ million)
      • Exhibit 104: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 105: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 107: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 108: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 109: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 110: Matrix on vendor position and classification
            • 12.3 Abengoa SA
              • Exhibit 111: Abengoa SA - Overview
              • Exhibit 112: Abengoa SA - Product / Service
              • Exhibit 113: Abengoa SA - Key news
              • Exhibit 114: Abengoa SA - Key offerings
            • 12.4 All Earth Renewables
              • Exhibit 115: All Earth Renewables - Overview
              • Exhibit 116: All Earth Renewables - Product / Service
              • Exhibit 117: All Earth Renewables - Key offerings
            • 12.5 ArcelorMittal SA
              • Exhibit 118: ArcelorMittal SA - Overview
              • Exhibit 119: ArcelorMittal SA - Business segments
              • Exhibit 120: ArcelorMittal SA - Key offerings
              • Exhibit 121: ArcelorMittal SA - Segment focus
            • 12.6 Arctech Solar Holding Co Ltd
              • Exhibit 122: Arctech Solar Holding Co Ltd - Overview
              • Exhibit 123: Arctech Solar Holding Co Ltd - Product / Service
              • Exhibit 124: Arctech Solar Holding Co Ltd - Key offerings
            • 12.7 Array Technologies Inc.
              • Exhibit 125: Array Technologies Inc. - Overview
              • Exhibit 126: Array Technologies Inc. - Product / Service
              • Exhibit 127: Array Technologies Inc. - Key offerings
            • 12.8 First Solar Inc.
              • Exhibit 128: First Solar Inc. - Overview
              • Exhibit 129: First Solar Inc. - Product / Service
              • Exhibit 130: First Solar Inc. - Key offerings
            • 12.9 Flex Ltd.
              • Exhibit 131: Flex Ltd. - Overview
              • Exhibit 132: Flex Ltd. - Business segments
              • Exhibit 133: Flex Ltd. - Key news
              • Exhibit 134: Flex Ltd. - Key offerings
              • Exhibit 135: Flex Ltd. - Segment focus
            • 12.10 GameChange Solar
              • Exhibit 136: GameChange Solar - Overview
              • Exhibit 137: GameChange Solar - Product / Service
              • Exhibit 138: GameChange Solar - Key offerings
            • 12.11 Gensol Engineering Ltd.
              • Exhibit 139: Gensol Engineering Ltd. - Overview
              • Exhibit 140: Gensol Engineering Ltd. - Product / Service
              • Exhibit 141: Gensol Engineering Ltd. - Key offerings
            • 12.12 Grupo Gransolar SL
              • Exhibit 142: Grupo Gransolar SL - Overview
              • Exhibit 143: Grupo Gransolar SL - Product / Service
              • Exhibit 144: Grupo Gransolar SL - Key offerings
            • 12.13 IDEEMATEC Germany GmbH
              • Exhibit 145: IDEEMATEC Germany GmbH - Overview
              • Exhibit 146: IDEEMATEC Germany GmbH - Product / Service
              • Exhibit 147: IDEEMATEC Germany GmbH - Key offerings
            • 12.14 MECANIZADOS SOLARES SL
              • Exhibit 148: MECANIZADOS SOLARES SL - Overview
              • Exhibit 149: MECANIZADOS SOLARES SL - Product / Service
              • Exhibit 150: MECANIZADOS SOLARES SL - Key offerings
            • 12.15 NOV Inc.
              • Exhibit 151: NOV Inc. - Overview
              • Exhibit 152: NOV Inc. - Business segments
              • Exhibit 153: NOV Inc. - Key offerings
              • Exhibit 154: NOV Inc. - Segment focus
            • 12.16 Soltec Energias Renovables SL
              • Exhibit 155: Soltec Energias Renovables SL - Overview
              • Exhibit 156: Soltec Energias Renovables SL - Product / Service
              • Exhibit 157: Soltec Energias Renovables SL - Key offerings
            • 12.17 Valmont Industries Inc.
              • Exhibit 158: Valmont Industries Inc. - Overview
              • Exhibit 159: Valmont Industries Inc. - Business segments
              • Exhibit 160: Valmont Industries Inc. - Key news
              • Exhibit 161: Valmont Industries Inc. - Key offerings
              • Exhibit 162: Valmont Industries Inc. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 163: Inclusions checklist
                • Exhibit 164: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 165: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 166: Research methodology
                • Exhibit 167: Validation techniques employed for market sizing
                • Exhibit 168: Information sources
              • 13.5 List of abbreviations
                • Exhibit 169: 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.

              INFORMATION 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

              DATA 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

              REPORT 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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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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