Solar Automatic Tracking System Market Size by Product, End user, Region – Segment-Level Market Assessment, Growth Opportunity Analysis, Competitive Mapping & Forecast to 2030

16.2%
CAGR (2024-2030)
29.82 USD Bn.
Market Size
302
Report Pages
154
Market Tables

Overview

Global Solar Automatic Tracking System Market size is expected to reach nearly USD 85.32 Bn. by 2030 with the CAGR of 16.2% during the forecast period.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global market dynamics, structure by identifying and analysing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the global market.Solar Automatic Tracking System MarketTo know about the Research Methodology :- Request Free Sample Report

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

The factors that are supporting to drive the growth of the automotive solar tracker market are increasing smart city projects, innovations in solar trackers, growing awareness regarding renewable energy sources and reducing the cost of solar energy. Government motivations to support renewable energy have driven demand in the residential and commercial sector. FIT (Feed in Tariff) scheme initiated in April 2010 under which electricity supplier, mostly in residential constructions, will give payments for each kW generated which is known as generation-tariff. Though, High initial investment cost and installation charges may restrain the market growth.

Single axis solar automatic tracking system segment is leading the market. Due to solar trackers either have a horizontal or a vertical axis. The horizontal type is used in tropical regions where the sun gets very high at noontime, but the days are short. The vertical type is used in high latitudes where the sun does not get very high, however, summer days can be very long. In concentrated solar power uses, single axis trackers are used with parabolic and linear Fresnel mirror designs.

Region-wise, North America accounts for the largest market share of global market and is projected to lead the overall market in the years to come. The reason being, increasing awareness regarding renewable energy, use of enhanced technology, and the presence of key manufacturers in the region. The US is the major consumer of market in the North America region. Followed by Europe and the Asia Pacific. On the other hand, Asia Pacific is estimated to grow at the fastest pace in the upcoming years. The Asia Pacific, led by India, China, & Japan, was the leading regional industry with overall installations close to 2 GW in 2017.

Scope of the Global Solar Automatic Tracking System Market: Inquire before buying

Solar Automatic Tracking System Market
Report Coverage Details
Base Year: 2023 Forecast Period: 2024-2030
Historical Data: 2018 to 2023 Market Size in 2023: USD 29.82 Bn.
Forecast Period 2024 to 2030 CAGR: 16.2% Market Size in 2030: USD 85.32 Bn.
Segments Covered: by Product Single Axis Solar Automatic Tracking System
Dual Axis Solar Automatic Tracking System
by End user Automotive
Aerospace
Others

Global Solar Automatic Tracking System Market, by Region

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)

Key players operating in Global Solar Automatic Tracking System Market

1. Mecasolar
2. Abengoa Solar
3. Ercam
4. AllEarth Renewables
5. Smart Trak
6. Array Technologies
7. Titan tracker
8. DEGERenergie
9. GrupoClavijo
10. SubPower.

Frequently Asked Questions:

1. Which region has the largest share in Global Solar Automatic Tracking System Market?
Ans: North America region held the highest share in 2023.

2. What is the growth rate of Global Solar Automatic Tracking System Market?
Ans: The Global Solar Automatic Tracking System Market is growing at a CAGR of 16.2% during forecasting period 2024-2030.

3. What is scope of the Global Solar Automatic Tracking System Market report?
Ans: Global Solar Automatic Tracking System Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Solar Automatic Tracking System Market?
Ans: The important key players in the Global market are – Mecasolar, Abengoa Solar, Ercam, AllEarth Renewables, Smart Trak, Array Technologies, Titan tracker, DEGERenergie, GrupoClavijo, and SubPower.

5. What is the study period of this Market?
Ans: The Global market is studied from 2023 to 2030.

Table of Contents

Global Solar Automatic Tracking System Market

1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Solar Automatic Tracking System Market Size, by Market Value (US$ Bn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Global Solar Automatic Tracking System Market Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. Global Solar Automatic Tracking System Market Analysis and Forecast 6.1. Global Solar Automatic Tracking System Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Global Solar Automatic Tracking System Market Analysis and Forecast, by Application 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Solar Automatic Tracking System Market Value Share Analysis, by Application 7.4. Global Solar Automatic Tracking System Market Size (US$ Bn) Forecast, by Application 7.5. Global Solar Automatic Tracking System Market Analysis, by Application 7.6. Global Solar Automatic Tracking System Market Attractiveness Analysis, by Application 8. Global Solar Automatic Tracking System Market Analysis and Forecast, by Product 8.1. Introduction and Definition 8.2. Key Findings 8.3. Global Solar Automatic Tracking System Market Value Share Analysis, by Product 8.4. Global Solar Automatic Tracking System Market Size (US$ Bn) Forecast, by Product 8.5. Global Solar Automatic Tracking System Market Analysis, by Product 8.6. Global Solar Automatic Tracking System Market Attractiveness Analysis, by Product 9. Global Solar Automatic Tracking System Market Analysis, by Region 9.1. Global Solar Automatic Tracking System Market Value Share Analysis, by Region 9.2. Global Solar Automatic Tracking System Market Size (US$ Bn) Forecast, by Region 9.3. Global Solar Automatic Tracking System Market Attractiveness Analysis, by Region 10. North America Solar Automatic Tracking System Market Analysis 10.1. Key Findings 10.2. North America Solar Automatic Tracking System Market Overview 10.3. North America Solar Automatic Tracking System Market Value Share Analysis, by Application 10.4. North America Solar Automatic Tracking System Market Forecast, by Application 10.4.1. Automotive 10.4.2. Aerospace 10.4.3. Others 10.5. North America Solar Automatic Tracking System Market Value Share Analysis, by Product 10.6. North America Solar Automatic Tracking System Market Forecast, by Product 10.6.1. Single Axis Solar Automatic Tracking System 10.6.2. Dual Axis Solar Automatic Tracking System 10.7. North America Solar Automatic Tracking System Market Value Share Analysis, by Country 10.8. North America Solar Automatic Tracking System Market Forecast, by Country 10.8.1. U.S. 10.8.2. Canada 10.9. North America Solar Automatic Tracking System Market Analysis, by Country 10.10. U.S. Solar Automatic Tracking System Market Forecast, by Application 10.10.1. Automotive 10.10.2. Aerospace 10.10.3. Others 10.11. U.S. Solar Automatic Tracking System Market Forecast, by Product 10.11.1. Single Axis Solar Automatic Tracking System 10.11.2. Dual Axis Solar Automatic Tracking System 10.12. Canada Solar Automatic Tracking System Market Forecast, by Application 10.12.1. Automotive 10.12.2. Aerospace 10.12.3. Others 10.13. Canada Solar Automatic Tracking System Market Forecast, by Product 10.13.1. Single Axis Solar Automatic Tracking System 10.13.2. Dual Axis Solar Automatic Tracking System 10.14. North America Solar Automatic Tracking System Market Attractiveness Analysis 10.14.1. By Application 10.14.2. By Product 10.15. PEST Analysis 10.16. Key Trends 10.17. Key Developments 11. Europe Solar Automatic Tracking System Market Analysis 11.1. Key Findings 11.2. Europe Solar Automatic Tracking System Market Overview 11.3. Europe Solar Automatic Tracking System Market Value Share Analysis, by Application 11.4. Europe Solar Automatic Tracking System Market Forecast, by Application 11.4.1. Automotive 11.4.2. Aerospace 11.4.3. Others 11.5. Europe Solar Automatic Tracking System Market Value Share Analysis, by Product 11.6. Europe Solar Automatic Tracking System Market Forecast, by Product 11.6.1. Single Axis Solar Automatic Tracking System 11.6.2. Dual Axis Solar Automatic Tracking System 11.7. Europe Solar Automatic Tracking System Market Value Share Analysis, by Country 11.8. Europe Solar Automatic Tracking System Market Forecast, by Country 11.8.1. Germany 11.8.2. U.K. 11.8.3. France 11.8.4. Italy 11.8.5. Spain 11.8.6. Rest of Europe 11.9. Europe Solar Automatic Tracking System Market Analysis, by Country 11.10. Germany Solar Automatic Tracking System Market Forecast, by Application 11.10.1. Automotive 11.10.2. Aerospace 11.10.3. Others 11.11. Germany Solar Automatic Tracking System Market Forecast, by Product 11.11.1. Single Axis Solar Automatic Tracking System 11.11.2. Dual Axis Solar Automatic Tracking System 11.12. U.K. Solar Automatic Tracking System Market Forecast, by Application 11.12.1. Automotive 11.12.2. Aerospace 11.12.3. Others 11.13. U.K. Solar Automatic Tracking System Market Forecast, by Product 11.13.1. Single Axis Solar Automatic Tracking System 11.13.2. Dual Axis Solar Automatic Tracking System 11.14. France Solar Automatic Tracking System Market Forecast, by Application 11.14.1. Automotive 11.14.2. Aerospace 11.14.3. Others2 11.15. France Solar Automatic Tracking System Market Forecast, by Product 11.15.1. Single Axis Solar Automatic Tracking System 11.15.2. Dual Axis Solar Automatic Tracking System 11.16. Italy Solar Automatic Tracking System Market Forecast, by Application 11.16.1. Automotive 11.16.2. Aerospace 11.16.3. Others 11.17. Italy Solar Automatic Tracking System Market Forecast, by Product 11.17.1. Single Axis Solar Automatic Tracking System 11.17.2. Dual Axis Solar Automatic Tracking System 11.18. Spain Solar Automatic Tracking System Market Forecast, by Application 11.18.1. Automotive 11.18.2. Aerospace 11.18.3. Others 11.19. Spain Solar Automatic Tracking System Market Forecast, by Product 11.19.1. Single Axis Solar Automatic Tracking System 11.19.2. Dual Axis Solar Automatic Tracking System 11.20. Rest of Europe Solar Automatic Tracking System Market Forecast, by Application 11.20.1. Automotive 11.20.2. Aerospace 11.20.3. Others 11.21. Rest Of Europe Solar Automatic Tracking System Market Forecast, by Product 11.21.1. Single Axis Solar Automatic Tracking System 11.21.2. Dual Axis Solar Automatic Tracking System 11.22. Europe Solar Automatic Tracking System Market Attractiveness Analysis 11.22.1. By Application 11.22.2. By Product 11.23. PEST Analysis 11.24. Key Trends 11.25. Key Developments 12. Asia Pacific Solar Automatic Tracking System Market Analysis 12.1. Key Findings 12.2. Asia Pacific Solar Automatic Tracking System Market Overview 12.3. Asia Pacific Solar Automatic Tracking System Market Value Share Analysis, by Application 12.4. Asia Pacific Solar Automatic Tracking System Market Forecast, by Application 12.4.1. Automotive 12.4.2. Aerospace 12.4.3. Others 12.5. Asia Pacific Solar Automatic Tracking System Market Value Share Analysis, by Product 12.6. Asia Pacific Solar Automatic Tracking System Market Forecast, by Product 12.6.1. Single Axis Solar Automatic Tracking System 12.6.2. Dual Axis Solar Automatic Tracking System 12.7. Asia Pacific Solar Automatic Tracking System Market Value Share Analysis, by Country 12.8. Asia Pacific Solar Automatic Tracking System Market Forecast, by Country 12.8.1. China 12.8.2. India 12.8.3. Japan 12.8.4. ASEAN 12.8.5. Rest of Asia Pacific 12.9. Asia Pacific Solar Automatic Tracking System Market Analysis, by Country 12.10. China Solar Automatic Tracking System Market Forecast, by Application 12.10.1. Automotive 12.10.2. Aerospace 12.10.3. Others 12.11. China Solar Automatic Tracking System Market Forecast, by Product 12.11.1. Single Axis Solar Automatic Tracking System 12.11.2. Dual Axis Solar Automatic Tracking System 12.12. India Solar Automatic Tracking System Market Forecast, by Application 12.12.1. Automotive 12.12.2. Aerospace 12.12.3. Others 12.13. India Solar Automatic Tracking System Market Forecast, by Product 12.13.1. Single Axis Solar Automatic Tracking System 12.13.2. Dual Axis Solar Automatic Tracking System 12.14. Japan Solar Automatic Tracking System Market Forecast, by Application 12.14.1. Automotive 12.14.2. Aerospace 12.14.3. Others 12.15. Japan Solar Automatic Tracking System Market Forecast, by Product 12.15.1. Single Axis Solar Automatic Tracking System 12.15.2. Dual Axis Solar Automatic Tracking System 12.16. ASEAN Solar Automatic Tracking System Market Forecast, by Application 12.16.1. Automotive 12.16.2. Aerospace 12.16.3. Others 12.17. ASEAN Solar Automatic Tracking System Market Forecast, by Product 12.17.1. Single Axis Solar Automatic Tracking System 12.17.2. Dual Axis Solar Automatic Tracking System 12.18. Rest of Asia Pacific Solar Automatic Tracking System Market Forecast, by Application 12.18.1. Automotive 12.18.2. Aerospace 12.18.3. Others 12.19. Rest of Asia Pacific Solar Automatic Tracking System Market Forecast, by Product 12.19.1. Single Axis Solar Automatic Tracking System 12.19.2. Dual Axis Solar Automatic Tracking System 12.20. Asia Pacific Solar Automatic Tracking System Market Attractiveness Analysis 12.20.1. By Application 12.20.2. By Product 12.21. PEST Analysis 12.22. Key Trends 12.23. Key Developments 13. Middle East & Africa Solar Automatic Tracking System Market Analysis 13.1. Key Findings 13.2. Middle East & Africa Solar Automatic Tracking System Market Overview 13.3. Middle East & Africa Solar Automatic Tracking System Market Value Share Analysis, by Application 13.4. Middle East & Africa Solar Automatic Tracking System Market Forecast, by Application 13.4.1. Automotive 13.4.2. Aerospace 13.4.3. Others 13.5. Middle East & Africa Solar Automatic Tracking System Market Value Share Analysis, by Product 13.6. Middle East & Africa Solar Automatic Tracking System Market Forecast, by Product 13.6.1. Single Axis Solar Automatic Tracking System 13.6.2. Dual Axis Solar Automatic Tracking System 13.7. Middle East & Africa Solar Automatic Tracking System Market Value Share Analysis, by Country 13.8. Middle East & Africa Solar Automatic Tracking System Market Forecast, by Country 13.8.1. GCC 13.8.2. South Africa 13.8.3. Rest of Middle East & Africa 13.9. Middle East & Africa Solar Automatic Tracking System Market Analysis, by Country 13.10. GCC Solar Automatic Tracking System Market Forecast, by Application 13.10.1. Automotive 13.10.2. Aerospace 13.10.3. Others 13.11. GCC Solar Automatic Tracking System Market Forecast, by Product 13.11.1. Single Axis Solar Automatic Tracking System 13.11.2. Dual Axis Solar Automatic Tracking System 13.12. South Africa Solar Automatic Tracking System Market Forecast, by Application 13.12.1. Automotive 13.12.2. Aerospace 13.12.3. Others 13.13. South Africa Solar Automatic Tracking System Market Forecast, by Product 13.13.1. Single Axis Solar Automatic Tracking System 13.13.2. Dual Axis Solar Automatic Tracking System 13.14. Rest of Middle East & Africa Solar Automatic Tracking System Market Forecast, by Application 13.14.1. Automotive 13.14.2. Aerospace 13.14.3. Others 13.15. Rest of Middle East & Africa Solar Automatic Tracking System Market Forecast, by Product 13.15.1. Single Axis Solar Automatic Tracking System 13.15.2. Dual Axis Solar Automatic Tracking System 13.16. Middle East & Africa Solar Automatic Tracking System Market Attractiveness Analysis 13.16.1. By Application 13.16.2. By Product 13.17. PEST Analysis 13.18. Key Trends 13.19. Key Developments 14. South America Solar Automatic Tracking System Market Analysis 14.1. Key Findings 14.2. South America Solar Automatic Tracking System Market Overview 14.3. South America Solar Automatic Tracking System Market Value Share Analysis, by Application 14.4. South America Solar Automatic Tracking System Market Forecast, by Application 14.4.1. Automotive 14.4.2. Aerospace 14.4.3. Others 14.5. South America Solar Automatic Tracking System Market Value Share Analysis, by Product 14.6. South America Solar Automatic Tracking System Market Forecast, by Product 14.6.1. Single Axis Solar Automatic Tracking System 14.6.2. Dual Axis Solar Automatic Tracking System 14.7. South America Solar Automatic Tracking System Market Value Share Analysis, by Country 14.8. South America Solar Automatic Tracking System Market Forecast, by Country 14.8.1. Brazil 14.8.2. Mexico 14.8.3. Rest of South America 14.9. South America Solar Automatic Tracking System Market Analysis, by Country 14.10. Brazil Solar Automatic Tracking System Market Forecast, by Application 14.10.1. Automotive 14.10.2. Aerospace 14.10.3. Others 14.11. Brazil Solar Automatic Tracking System Market Forecast, by Product 14.11.1. Single Axis Solar Automatic Tracking System 14.11.2. Dual Axis Solar Automatic Tracking System 14.12. Mexico Solar Automatic Tracking System Market Forecast, by Application 14.12.1. Automotive 14.12.2. Aerospace 14.12.3. Others 14.13. Mexico Solar Automatic Tracking System Market Forecast, by Product 14.13.1. Single Axis Solar Automatic Tracking System 14.13.2. Dual Axis Solar Automatic Tracking System 14.14. Rest of South America Solar Automatic Tracking System Market Forecast, by Application 14.14.1. Automotive 14.14.2. Aerospace 14.14.3. Others 14.15. Rest of South America Solar Automatic Tracking System Market Forecast, by Product 14.15.1. Single Axis Solar Automatic Tracking System 14.15.2. Dual Axis Solar Automatic Tracking System 14.16. South America Solar Automatic Tracking System Market Attractiveness Analysis 14.16.1. By Application 14.16.2. By Product 14.17. PEST Analysis 14.18. Key Trends 14.19. Key Developments 15. Company Profiles 15.1. Market Share Analysis, by Company 15.2. Competition Matrix 15.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 15.2.2. New Product Launches and Product Enhancements 15.2.3. Market Consolidation 15.2.3.1. M&A by Regions, Investment and Applications 15.2.3.2. M&A Key Players, Forward Integration and Backward Integration 15.3. Company Profiles: Key Players 15.3.1. Mecasolar 15.3.1.1. Company Overview 15.3.1.2. Financial Overview 15.3.1.3. Product Portfolio 15.3.1.4. Business Strategy 15.3.1.5. Recent Developments 15.3.1.6. Development Footprint 15.3.2. Abengoa Solar 15.3.3. Ercam 15.3.4. AllEarth Renewables 15.3.5. Smart Trak 15.3.6. Array Technologies 15.3.7. Titan tracker 15.3.8. DEGERenergie 15.3.9. GrupoClavijo 15.3.10. SubPower. 16. Primary Key Insights