Solar Tracker Market size forecast to reach USD 7.54 billion by 2023, with growth expectation of 12% CAGR from 2016 to 2023

1
Solar Tracker Market size forecast to reach USD
7.54 billion by 2023 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Solar Tracker Market

• Global solar tracker market size is set to reach
  29.5 GW by 2023, with estimated gains at 16.4 up
  to 2023.
•  
•  APAC, led by China, India, Japan, was the
  leading regional industry with overall
  installations close to 2 GW in 2015.
•  
• Concentrated solar power (CSP) technology in
  China may grow significantly at close to 24 CAGR
  and may reach over 550 MW by 2023.
•  
• North America, driven by the U.S. solar tracker
  market size, expects installations at over 8.5 GW
  by 2023. Dual axis tracking systems in the U.S.
  may witness sizable gains at 18.0 CAGR up to
  2023. 
• Utility application in Spain is forecast to grow
  at over 12.8 CAGR and reach close to 1.2 GW by
  2023.
•  

3
Continued...

• Global solar tracker market share is moderately
  fragmented with top four companies catering to
  over 40 of the demand with numerous regional
  participants having regional presence. Wuxi Hao
  Solar, Grupo Calvijo, Abengoa, and SunPower are
  notable industry players.
•  
• Other prominent market participants include
  AllEarth Renewables, Array Technologies, Titan
  Tracker, Energia Ercam, and Soitec.

4
India Solar Tracker Market Size, By Product,
2013-2023 (USD Million)

5

Browse Full Market Research Report On Solar
Tracker Market _at_ https//www.gminsights.com/indust
ry-analysis/solar-tracker-market Request for
a Sample of this Research Report _at_
https//www.gminsights.com/request-sample/detail/3
64
6
360 Analysis

• Application Analysis
• Solar PV technology has been one of the fastest
  growing renewable energy sources over the last
  five years. These systems are employed in
  residential, commercial, and utility applications
  on account of various factors including
  decreasing cost and high efficiency.
• Regional Analysis
• Western developed economies dominate the industry
  at present, owing to evolved energy policies and
  strong awareness levels. Europe, with Germany and
  Spain solar tracker market share leading the way,
  is likely to achieve 7,210.2 MW installed
  capacity by 2023. 
• U.S. solar tracker market size should reach
  3,229.8 MW installed capacity by 2023. APAC, MEA
  and Latin America are relatively under developed
  regional markets and should offer significant
  potential for industry participants. 
• Competitive Market Share
• With a number of regional participants with
  domestic presence, the global solar tracker
  market share is moderately fragmented, with just
  over 40 commanded by the top four players.
• Hao solar, Abengoa, Grupo Calvijo, Mecasolar,
  SunPower Energia and PV Powerway are some widely
  known industry participants, catering to a
  significant chunk of demand in 2015.

7
Stay In Touch Website www.gminsights.com Soci
al Media