Photovoltaic (PV) Tracker Market for Utility and Non Utility Applications and Forecast, 2015 – 2021

Photovoltaic (PV) Tracker Market for Utility and Non Utility Applications and Forecast, 2015 – 2021

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According to the report, global PV Tracker Market was valued at around USD 1,328.2 million in 2015 and is expected to reach USD 3,682.2 million in 2021, growing at a CAGR of 18.63% between 2016 and 2021. Global photovoltaic tracker market’s installed capacity stood at 1,310.7 MW in 2015.Photovoltaic (PV) is a method of converting solar energy into utilizable electricity. PVs typically make use of semiconductors that exhibit the photovoltaic effect.Photovoltaic (PV) is a method of converting solar energy into utilizable electricity. PVs typically make use of semiconductors that exhibit the photovoltaic effect. More than 80% of PV installations involve the use of tracking systems.




According to the report, global PV Tracker Market was valued at around USD 1,328.2 million in 2015 and is expected to reach USD 3,682.2 million in 2021, growing at a CAGR of 18.63% between 2016 and 2021. Global photovoltaic tracker market’s installed capacity stood at 1,310.7 MW in 2015.

The photovoltaic panel is a device which converts light into electric potential. Photovoltaic panels employ layers of specific materials to generate current and voltage when sunlight is absorbed. Trackers are the devices used to orient photovoltaic panels toward the sun to harness more sunlight. Flat-panel photovoltaic (PV), Concentrated Photovoltaic (CPV) and Concentrated Solar Thermal (CSP) are key technologies where trackers are applied. Trackers have unique functionalities in each application such as minimizing the angle of incidence between the photovoltaic panel and incoming sunlight in PV applications and orienting the optics in CPV and CSP systems.

Rising demand for photovoltaics in commercial and residential organizations has remained the key driver for this industry. Moreover, the need for improving solar cell’s efficiency using tracking systems is expected to drive demand for photovoltaic trackers. However, high cost involved in the installation of solar panels offers the great challenge to the market growth. The solar power generating system includes manufacturing, installation, and maintenance of solar panels and PV trackers.

Global Photovoltaic Tracker Market

PV trackers are installed in commercial, residential and utility scale solar projects. Utility segment occupied the majority of the PV tracker market and accounted for around 78.6% of the overall share in 2015. The main factor for great demand for PV trackers in utility application is its cost effectiveness since utility applications deal with large scale projects as compared to non utility applications.

The global market was dominated by Europe, which accounted for 38.5% of market share in 2015 due to excessive demand for PV trackers in Spain, Italy, Germany, and Greece. Europe was followed by North America with strong PV tracker demand in the U.S. PV market is experiencing rapid growth due to its tremendous potential and continuously decreasing technology costs in the Middle East and Africa. Asia-Pacific is expected to witness large-scale installations over the forecast period thereby propelling product demand which is expected to enable the region to emerge as a key market over the forecast period.

SunPower and First Solar remained leading module producers in 2015, owing to their large ground-mount utility-scale pipeline. Major players of PV trackers market are AllEarth Renewables, Inc., Array Technologies, Inc., DEGERenergie GmbH, SunPower Corporation, Grupo Clavijo Elt SL, Titan Tracker SL, SmartTrak Solar Systems Pvt. Ltd., Powerway Renewable Energy Co., Ltd., Energia Ercam SL, Mecasolar Espana SL, First Solar, Inc., and Mechatron S.A. among others.

  • Chapter 1 Preface
    • 1.1 Report description
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market research process
      • 1.3.2 Market research methodology
  • Chapter 2 Executive Summary
    • 2.1 Global Photovoltaic Tracker Market, 2015 – 2021 (MW) (USD Million)
    • 2.2 Global Photovoltaic Tracker Market: Snapshot
  • Chapter 3 Photovoltaic Tracker – Industry Analysis
    • 3.1 Introduction
      • 3.1.1 Classification of photovoltaic tracker
    • 3.2 Value chain analysis
    • 3.3 Market drivers
      • 3.3.1 Rising demand for Photovoltaics in commercial and residential organizations
      • 3.3.2 Need for improving solar cell’s efficiency using tracking systems
      • 3.3.3 Feed in Tariff’s (FIT) and government incentive schemes
    • 3.4 Restraints
      • 3.4.1 Capital intensive technology
    • 3.5 Opportunities
      • 3.5.1 Untapped solar PV market in emerging economies
    • 3.6 Porter’s five forces analysis
      • 3.6.1 Bargaining power of suppliers
      • 3.6.2 Bargaining power of buyers
      • 3.6.3 Threat of substitutes
      • 3.6.4 Threat of new entrants
      • 3.6.5 Degree of competition
    • 3.7 Photovoltaic Tracker: Market attractiveness analysis
      • 3.7.1 Market attractiveness analysis by application segment
      • 3.7.2 Market attractiveness analysis by regional segment
  • Chapter 4 Competitive Landscape
    • 4.1 Company Market Share Analysis
      • 4.1.1 Global photovoltaic tracker market: Company market share, 2015
    • 4.2 Strategic Development
      • 4.2.1 Acquisitions & Mergers
      • 4.2.2 New Product Launch
      • 4.2.3 Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4 Research and Development, Product and Regional Expansion
  • Chapter 5 Photovoltaic Tracker Market – Application Segment Analysis
    • 5.1 Global photovoltaic tracker market overview: By application
      • 5.1.1 Global photovoltaic tracker market volume share, by application, 2015 & 2021
    • 5.2 Utility
      • 5.2.1 Global Photovoltaic Tracker Market for Utility, 2015 – 2021 (MW) (USD Million)
    • 5.3 Non-utility
      • 5.3.1 Global Photovoltaic tracker Market for Non-utility Applications, 2015 – 2021 (MW) (USD Million)
  • Chapter 6 Photovoltaic Tracker Market – Regional Analysis
    • 6.1 Global photovoltaic tracker market: Regional overview
      • 6.1.1 Global photovoltaic tracker market volume share, by region, 2015 & 2021
    • 6.2 North America
      • 6.2.1 North America photovoltaic tracker market, 2015 – 2021 (MW) (USD Million)
      • 6.2.2 North America photovoltaic tracker market installed capacity, by application, 2015 – 2021 (MW)
      • 6.2.3 North America photovoltaic tracker market revenue, by application, 2015 – 2021 (USD Million)
      • 6.2.4 U.S.
        • 6.2.4.1 U.S. photovoltaic tracker market installed capacity, by application, 2015 – 2021 (MW)
        • 6.2.4.2 U.S. photovoltaic tracker market revenue, by application, 2015 – 2021 (USD Million)
    • 6.3 Europe
      • 6.3.1 Europe photovoltaic tracker market, 2015 – 2021 (MW) (USD Million)
      • 6.3.2 Europe photovoltaic tracker market installed capacity, by application, 2015 – 2021 (MW)
      • 6.3.3 Europe photovoltaic tracker market revenue, by application, 2015 – 2021 (USD Million)
      • 6.3.4 UK
        • 6.3.4.1 UK photovoltaic tracker market installed capacity, by application, 2015 – 2021 (MW)
        • 6.3.4.2 UK photovoltaic tracker market revenue, by application, 2015 – 2021 (USD Million)
      • 6.3.5 France
        • 6.3.5.1 France photovoltaic tracker market installed capacity, by application, 2015 – 2021 (MW)
        • 6.3.5.2 France photovoltaic tracker market revenue, by application, 2015 – 2021 (USD Million)
      • 6.3.6 Germany
        • 6.3.6.1 Germany photovoltaic tracker market installed capacity, by application, 2015 – 2021 (MW)
        • 6.3.6.2 Germany photovoltaic tracker market revenue, by application, 2015 – 2021 (USD Million)
    • 6.4 Asia Pacific
      • 6.4.1 Asia Pacific photovoltaic tracker market, 2015 – 2021 (MW) (USD Million)
      • 6.4.2 Asia Pacific photovoltaic tracker market installed capacity, by application, 2015 – 2021 (MW)
      • 6.4.3 Asia Pacific photovoltaic tracker market revenue, by application, 2015 – 2021 (USD Million)
      • 6.4.4 China
        • 6.4.4.1 China photovoltaic tracker market installed capacity, by application, 2015 – 2021 (MW)
        • 6.4.4.2 China photovoltaic tracker market revenue, by application, 2015 – 2021 (USD Million)
      • 6.4.5 Japan
        • 6.4.5.1 Japan photovoltaic tracker market installed capacity, by application, 2015 – 2021 (MW)
        • 6.4.5.2 Japan photovoltaic tracker market revenue, by application, 2015 – 2021 (USD Million)
      • 6.4.6 India
        • 6.4.6.1 India photovoltaic tracker market installed capacity, by application, 2015 – 2021 (MW)
        • 6.4.6.2 India photovoltaic tracker market revenue, by application, 2015 – 2021 (USD Million)
    • 6.5 Latin America
      • 6.5.1 Latin America photovoltaic tracker market, 2015 – 2021 (MW) (USD Million)
      • 6.5.2 Latin America photovoltaic tracker market installed capacity, by application, 2015 – 2021 (MW)
      • 6.5.3 Latin America photovoltaic tracker market revenue, by application, 2015 – 2021 (USD Million)
      • 6.5.4 Brazil
        • 6.5.4.1 Brazil photovoltaic tracker market installed capacity, by application, 2015 – 2021 (MW)
        • 6.5.4.2 Brazil photovoltaic tracker market revenue, by application, 2015 – 2021 (USD Million)
    • 6.6 Middle East & Africa
      • 6.6.1 Middle East & Africa photovoltaic tracker market, 2015 – 2021 (MW) (USD Million)
      • 6.6.2 Middle East & Africa photovoltaic tracker market installed capacity, by application, 2015 – 2021 (MW)
      • 6.6.3 Middle East & Africa photovoltaic tracker market revenue, by application, 2015 – 2021 (USD Million)
  • Chapter 7 Company Profiles
    • 7.1 Wuxi Haosolar Technology Co., Ltd.
      • 7.1.1 Company Overview
      • 7.1.2 Product Portfolio
      • 7.1.3 Business Strategy
    • 7.2 AllEarth Renewables, Inc.
      • 7.2.1 Overview
      • 7.2.2 Product Portfolio
      • 7.2.3 Business Strategy
      • 7.2.4 Recent Developments
    • 7.3 Powerway Renewable Energy Co. Ltd
      • 7.3.1 OVERVIEW
      • 7.3.2 Product Portfolio
      • 7.3.3 Business Strategy
      • 7.3.4 Recent Development
    • 7.4 Array Technologies Inc.
      • 7.4.1 Company overview
      • 7.4.2 Product Portfolio
      • 7.4.3 Business strategy
    • 7.5 SunPower Corporation
      • 7.5.1 Overview
      • 7.5.2 Financial
      • 7.5.3 Product Portfolio
      • 7.5.4 Strategies
      • 7.5.5 Recent Development
    • 7.6 Grupo Clavijo Elt
      • 7.6.1 Overview
      • 7.6.2 Product Portfolio
      • 7.6.3 Business Strategy
      • 7.6.4 Recent Development
    • 7.7 Titan Tracker Inc
      • 7.7.1 Overview:
      • 7.7.2 Product Portfolio
      • 7.7.3 Strategy
      • 7.7.4 Recent Developments
    • 7.8 SmartTrak Solar Systems Pvt. Ltd.
      • 7.8.1 Overview
      • 7.8.2 Product Portfolio
      • 7.8.3 Strategies
      • 7.8.4 Recent Development
    • 7.9 DEGERenergie GmbH & Co. KG
      • 7.9.1 Overview
      • 7.9.2 Product Portfolio
      • 7.9.3 Strategies
      • 7.9.4 Recent Development
    • 7.10 First Solar, Inc.
      • 7.10.1 Overview
      • 7.10.2 Financials
      • 7.10.3 Product portfolio
      • 7.10.4 Business Strategy
    • 7.11 Energia Ercam
      • 7.11.1 Company overview
      • 7.11.2 Product Portfolio
      • 7.11.3 Business strategy
      • 7.11.4 Recent developments
    • 7.12 Mecasolar España
      • 7.12.1 Overview
      • 7.12.2 Product Portfolio
      • 7.12.3 Business Strategy
      • 7.12.4 Recent developments
    • 7.13 Mechatron
      • 7.13.1 Company overview
      • 7.13.2 Product Portfolio
      • 7.13.3 Business strategy
      • 7.13.4 Recent Development

List of Figures

FIG. 1 Market Research Process
FIG. 2 Market Research Methodology
FIG. 3 Global Photovoltaic Tracker Market, 2015 – 2021 (MW) (USD Million)
FIG. 4 Classification of photovoltaic tracker
FIG. 5 Photovoltaic Trackers Market: Value Chain Analysis
FIG. 6 Porter’s five forces analysis for photovoltaic tracker market
FIG. 7 Market attractiveness analysis by application segment
FIG. 8 Market attractiveness analysis by regional segment
FIG. 9 Global Photovoltaic Tracker Market : Company Market Share, 2015
FIG. 10 Global photovoltaic tracker market volume share, by application, 2015 & 2021
FIG. 11 Global Photovoltaic Tracker Market for Utility Applications, 2015 – 2021 (MW) (USD Million)
FIG. 12 Global Photovoltaic tracker Market for Non-utility Applications, 2015 – 2021 (MW) (USD Million)
FIG. 13 Global photovoltaic tracker market volume share, by region, 2015 & 2021
FIG. 14 North America photovoltaic tracker market, 2015 – 2021 (MW) (USD Million)
FIG. 15 Europe photovoltaic tracker market, 2015 – 2021 (MW) (USD Million)
FIG. 16 Asia Pacific photovoltaic tracker market, 2015 – 2021 (MW) (USD Million)
FIG. 17 Latin America photovoltaic tracker market, 2015 – 2021 (MW) (USD Million)
FIG. 18 Middle East & Africa photovoltaic tracker market, 2015 – 2021 (MW) (USD Million)


List of Tables

TABLE 1    Global photovoltaic tracker market: Snapshot
TABLE 2    Drivers of the photovoltaic tracker market: Impact analysis
TABLE 3    Restraints for the photovoltaic tracker market: Impact analysis
TABLE 4    Capital investment needed for solar panel installation on regional level, (USD Million)
TABLE 5    Water regulation impact on regional level
TABLE 6    North America photovoltaic tracker market installed capacity, by application,  2015 – 2021 (MW)
TABLE 7    North America photovoltaic tracker market revenue, by application,  2015 – 2021 (USD Million)
TABLE 8    U.S. photovoltaic tracker market installed capacity, by application,  2015 – 2021 (MW)
TABLE 9    U.S. photovoltaic tracker market revenue, by application,  2015 – 2021 (USD Million)
TABLE 10 Europe photovoltaic tracker market installed capacity, by application,  2015 – 2021 (MW)
TABLE 11 Europe photovoltaic tracker market revenue, by application,  2015 – 2021 (USD Million)
TABLE 12 UK photovoltaic tracker market installed capacity, by application,  2015 – 2021 (MW)
TABLE 13 UK photovoltaic tracker market revenue, by application,  2015 – 2021 (USD Million)
TABLE 14 France photovoltaic tracker market installed capacity, by application,  2015 – 2021 (MW)
TABLE 15 France photovoltaic tracker market revenue, by application,  2015 – 2021 (USD Million)
TABLE 16 Germany photovoltaic tracker market installed capacity, by application,  2015 – 2021 (MW)
TABLE 17 Germany photovoltaic tracker market revenue, by application,  2015 – 2021 (USD Million)
TABLE 18 Asia Pacific photovoltaic tracker market installed capacity, by application,  2015 – 2021 (MW)
TABLE 19 Asia Pacific photovoltaic tracker market revenue, by application,  2015 – 2021 (USD Million)
TABLE 20 China photovoltaic tracker market installed capacity, by application,  2015 – 2021 (MW)
TABLE 21 China photovoltaic tracker market revenue, by application,  2015 – 2021 (USD Million)
TABLE 22 Japan photovoltaic tracker market installed capacity, by application,  2015 – 2021 (MW)
TABLE 23 Japan photovoltaic tracker market revenue, by application,  2015 – 2021 (USD Million)
TABLE 24 India photovoltaic tracker market installed capacity, by application,  2015 – 2021 (MW)
TABLE 25 India photovoltaic tracker market revenue, by application,  2015 – 2021 (USD Million)
TABLE 26 Latin America photovoltaic tracker market installed capacity, by application,  2015 – 2021 (MW)
TABLE 27 Latin America photovoltaic tracker market revenue, by application,  2015 – 2021 (USD Million)
TABLE 28 Brazil photovoltaic tracker market installed capacity, by application,  2015 – 2021 (MW)
TABLE 29 Brazil photovoltaic tracker market revenue, by application,  2015 – 2021 (USD Million)
TABLE 30 Middle East & Africa photovoltaic tracker market installed capacity, by application,  2015 – 2021 (MW)
TABLE 31 Middle East & Africa photovoltaic tracker market revenue, by application,  2015 – 2021 (USD Million)

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