Solar Panel Tracking Mount Market : Global Industry Analysis and Forecast (2023-2029)


Solar Panel Tracking Mount Market is expected to reach US$ 156.58 Bn. by 2029, at a CAGR of 25.35% during the forecast period.

Global Solar Panel Tracking Mount Market Introduction

Solar panel tracking mounts are used to orient solar photovoltaic panels or to concentrate solar reflectors or lenses towards the sun. These mounts are a product of highly advanced technology and change the orientation of panels through the day by tracking the sun’s path to optimize the energy capture capacity.

Global Solar Panel Tracking Mount Market Dynamics

Renewable energy is utilized in the heating, electricity, cooling, and transport sectors. Also, an increase in concerns regarding greenhouse gases emissions and the growth in the need for energy security are expected to drive the demand for the market.

Increasing environmental concerns, such as greenhouse gas emission, growing energy demand, especially from emerging countries (India, China, etc.) and increasing investment for renewable energy are expected to drive the solar power market and subsequently, are contributing towards the growth of the solar panel tracking mounts market.

Moreover, solar trackers boost the return on solar investment as they increase the production capacity of the solar panel. Hence, they are gaining popularity among solar power units, which will drive the demand for solar panel tracking mounts.

Global Solar Panel Tracking Mount Market Segment Analysis

The Single-axis tracker accounted for the largest market share and is projected to exhibit the highest CAGR during the forecast. Single-axis systems track the sun’s rays along a single axis allowing them to increase system performance by 20% or more over fixed PV cells in the areas of high isolation.

Single-axis solar trackers take up more land as compared to fixed panels as their movement can create shadows that can affect the efficiency of neighbouring panels. The use of single-axis trackers maximizes potential output but also come with higher Capex (capital expenditure) and opex (operating expenditure).

Solar Panel Tracking Mount Market Snapshot

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Global Solar Panel Tracking Mount Market Regional Insights

North America and Europe are expected to dominate the market. The market for Solar Panel Tracking Mount in North America is expected to grow at a CAGR of xx% in the forecast period. The shifting trend towards the use of renewable energy is expected to boost the growth of the market at a significant rate.

The Asia Pacific is expected to be the fastest-growing region and is expected to outpace other regions over the coming years. The rapid increase in the demand for power due to industrialization and urbanization in economically developing nations, such as India and China, is expected to be the key factor fuelling the growth of the solar panel tracker mounts market in the region.

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Global Solar Panel Tracking Mount Market




Report Coverage
Details




Base Year:
2022
Forecast Period:
2023-2029




Historical Data:
2018 to 2022
Market Size in 2022:
US $ 32.20 Bn.




Forecast Period 2023 to 2029 CAGR:
25.35%
Market Size in 2029:
US $ 156.58 Bn.




 Segments Covered:
by Tracking System
Active Solar Panel Tracking Mounts
Passive Solar Panel Tracking Mounts




by Axis Rotation
Single Axis Tracking Mounts
Horizontal
Vertical
Tilted
Polar Aligned
Dual Axis Tracking Mounts




by End Use
Residential
Commercial
Industrial
Power Generation






Global Solar Panel Tracking Mount 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)

Global Solar Panel Tracking Mount Market, Key Players are

1. EdisunMicrogrids.
2. UNIRAC Inc.
3. IronRidge Inc.
4. SOLARUK Limited
5. GM Industries, Inc.
6. WattSun - Energy India Private Ltd
7. NEXTracker Inc.
8. ABB
9. Schletter GmbH
10. SunLink Corporation
11. Array Technologies, Inc.
12. Abengoa Solar
13. SunPower Corporation
14. Trina Solar
15. SOLTEC

Frequently Asked Questions:

1. Which region has the largest share in Global Market?
Ans: North America region held the highest share in 2022.

2. What is the growth rate of Global Market?
Ans: The Global Market is growing at a CAGR of 25.35% during forecasting period 2023-2029.

3. What is scope of the Global Market report?
Ans: Global 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 Market?
Ans: The important key players in the Global Market are – EdisunMicrogrids., UNIRAC Inc., IronRidge Inc., SOLARUK Limited, GM Industries, Inc., WattSun - Energy India Private Ltd, NEXTracker Inc., ABB, Schletter GmbH, SunLink Corporation, Array Technologies, Inc., Abengoa Solar, SunPower Corporation, Trina Solar, SOLTEC.

5. What is the study period of this Market?
Ans: The Global Market is studied from 2022 to 2029. 





Global Solar Panel Tracking Mount Market

1. Preface
1.1. Market Definition and Key Research Objectives
1.2. Research Highlights

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 Panel Tracking Mount Market Size, by Market Value (US$ Mn)
3.1. Global Market Segmentation
3.2. Global Market Segmentation Share Analysis, 2019
3.2.1. Global
3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
3.3. Geographical Snapshot of the Solar Panel Tracking Mount Market
3.4. Geographical Snapshot of the Solar Panel Tracking Mount Market, By Manufacturer share

4. Global Solar Panel Tracking Mount Market Overview, 2022-2029
4.1. Market Dynamics
4.1.1. Drivers
4.1.1.1. Global
4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.2. Restraints
4.1.2.1. Global
4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.3. Opportunities
4.1.3.1. Global
4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.4. Challenges
4.1.4.1. Global
4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.5. Industry Trends and Emerging Technologies
4.1.6. Porters Five Forces Analysis
4.1.6.1. Threat of New Entrants
4.1.6.2. Bargaining Power of Buyers/Consumers
4.1.6.3. Bargaining Power of Suppliers
4.1.6.4. Threat of Substitute Products
4.1.6.5. Intensity of Competitive Rivalry
4.1.7. Value Chain Analysis
4.1.8. Technological Roadmap
4.1.9. Regulatory landscape
4.1.10. Impact of the Covid-19 Pandemic on the Global Solar Panel Tracking Mount Market

5. Supply Side and Demand Side Indicators

6. Global Solar Panel Tracking Mount Market Analysis and Forecast, 2022-2029
6.1. Global Solar Panel Tracking Mount Market Size & Y-o-Y Growth Analysis.

7. Global Solar Panel Tracking Mount Market Analysis and Forecasts, 2022-2029
7.1. Market Size (Value) Estimates & Forecast By Tracking System, 2022-2029
7.1.1. Active Solar Panel Tracking Mounts
7.1.2. Passive Solar Panel Tracking Mounts
7.2. Market Size (Value) Estimates & Forecast By Axis Rotation, 2022-2029
7.2.1. Single Axis Tracking Mounts
7.2.2. Horizontal
7.2.3. Vertical
7.2.4. Tilted
7.2.5. Polar Aligned
7.2.6. Dual Axis Tracking Mounts
7.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029
7.3.1. Residential
7.3.2. Commercial
7.3.3. Industrial
7.3.4. Power Generation

8. Global Solar Panel Tracking Mount Market Analysis and Forecasts, By Region
8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029
8.1.1. North America
8.1.2. Europe
8.1.3. Asia-Pacific
8.1.4. Middle East & Africa
8.1.5. South America

9. North America Solar Panel Tracking Mount Market Analysis and Forecasts, 2022-2029
9.1. Market Size (Value) Estimates & Forecast By Tracking System, 2022-2029
9.1.1. Active Solar Panel Tracking Mounts
9.1.2. Passive Solar Panel Tracking Mounts
9.2. Market Size (Value) Estimates & Forecast By Axis Rotation, 2022-2029
9.2.1. Single Axis Tracking Mounts
9.2.2. Horizontal
9.2.3. Vertical
9.2.4. Tilted
9.2.5. Polar Aligned
9.2.6. Dual Axis Tracking Mounts
9.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029
9.3.1. Residential
9.3.2. Commercial
9.3.3. Industrial
9.3.4. Power Generation

10. North America Solar Panel Tracking Mount Market Analysis and Forecasts, By Country
10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029
10.1.1. US
10.1.2. Canada
10.1.3. Mexico

11. U.S. Solar Panel Tracking Mount Market Analysis and Forecasts, 2022-2029
11.1. Market Size (Value) Estimates & Forecast By Tracking System, 2022-2029
11.2. Market Size (Value) Estimates & Forecast By Axis Rotation, 2022-2029
11.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029

12. Canada Solar Panel Tracking Mount Market Analysis and Forecasts, 2022-2029
12.1. Market Size (Value) Estimates & Forecast By Tracking System, 2022-2029
12.2. Market Size (Value) Estimates & Forecast By Axis Rotation, 2022-2029
12.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029

13. Mexico Solar Panel Tracking Mount Market Analysis and Forecasts, 2022-2029
13.1. Market Size (Value) Estimates & Forecast By Tracking System, 2022-2029
13.2. Market Size (Value) Estimates & Forecast By Axis Rotation, 2022-2029
13.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029

14. Europe Solar Panel Tracking Mount Market Analysis and Forecasts, 2022-2029
14.1. Market Size (Value) Estimates & Forecast By Tracking System, 2022-2029
14.2. Market Size (Value) Estimates & Forecast By Axis Rotation, 2022-2029
14.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029

15. Europe Solar Panel Tracking Mount Market Analysis and Forecasts, By Country
15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029
15.1.1. U.K
15.1.2. France
15.1.3. Germany
15.1.4. Italy
15.1.5. Spain
15.1.6. Sweden
15.1.7. CIS Countries
15.1.8. Rest of Europe

16. U.K. Solar Panel Tracking Mount Market Analysis and Forecasts, 2022-2029
16.1. Market Size (Value) Estimates & Forecast By Tracking System, 2022-2029
16.2. Market Size (Value) Estimates & Forecast By Axis Rotation, 2022-2029
16.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029

17. France Solar Panel Tracking Mount Market Analysis and Forecasts, 2022-2029
17.1. Market Size (Value) Estimates & Forecast By Tracking System, 2022-2029
17.2. Market Size (Value) Estimates & Forecast By Axis Rotation, 2022-2029
17.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029

18. Germany Solar Panel Tracking Mount Market Analysis and Forecasts, 2022-2029
18.1. Market Size (Value) Estimates & Forecast By Tracking System, 2022-2029
18.2. Market Size (Value) Estimates & Forecast By Axis Rotation, 2022-2029
18.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029

19. Italy Solar Panel Tracking Mount Market Analysis and Forecasts, 2022-2029
19.1. Market Size (Value) Estimates & Forecast By Tracking System, 2022-2029
19.2. Market Size (Value) Estimates & Forecast By Axis Rotation, 2022-2029
19.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029

20. Spain Solar Panel Tracking Mount Market Analysis and Forecasts, 2022-2029
20.1. Market Size (Value) Estimates & Forecast By Tracking System, 2022-2029
20.2. Market Size (Value) Estimates & Forecast By Axis Rotation, 2022-2029
20.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029

21. Sweden Solar Panel Tracking Mount Market Analysis and Forecasts, 2022-2029
21.1. Market Size (Value) Estimates & Forecast By Tracking System, 2022-2029
21.2. Market Size (Value) Estimates & Forecast By Axis Rotation, 2022-2029
21.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029

22. CIS Countries Solar Panel Tracking Mount Market Analysis and Forecasts, 2022-2029
22.1. Market Size (Value) Estimates & Forecast By Tracking System, 2022-2029
22.2. Market Size (Value) Estimates & Forecast By Axis Rotation, 2022-2029
22.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029

23. Rest of Europe Solar Panel Tracking Mount Market Analysis and Forecasts, 2022-2029
23.1. Market Size (Value) Estimates & Forecast By Tracking System, 2022-2029
23.2. Market Size (Value) Estimates & Forecast By Axis Rotation, 2022-2029
23.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029

24. Asia Pacific Solar Panel Tracking Mount Market Analysis and Forecasts, 2022-2029
24.1. Market Size (Value) Estimates & Forecast By Tracking System, 2022-2029
24.2. Market Size (Value) Estimates & Forecast By Axis Rotation, 2022-2029
24.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029

25. Asia Pacific Solar Panel Tracking Mount Market Analysis and Forecasts, by Country
25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029
25.1.1. China
25.1.2. India
25.1.3. Japan
25.1.4. South Korea
25.1.5. Australia
25.1.6. ASEAN
25.1.7. Rest of Asia Pacific

26. China Solar Panel Tracking Mount Market Analysis and Forecasts, 2022-2029
26.1. Market Size (Value) Estimates & Forecast By Tracking System, 2022-2029
26.2. Market Size (Value) Estimates & Forecast By Axis Rotation, 2022-2029
26.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029

27. India Solar Panel Tracking Mount Market Analysis and Forecasts, 2022-2029
27.1. Market Size (Value) Estimates & Forecast By Tracking System, 2022-2029
27.2. Market Size (Value) Estimates & Forecast By Axis Rotation, 2022-2029
27.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029

28. Japan Solar Panel Tracking Mount Market Analysis and Forecasts, 2022-2029
28.1. Market Size (Value) Estimates & Forecast By Tracking System, 2022-2029
28.2. Market Size (Value) Estimates & Forecast By Axis Rotation, 2022-2029
28.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029

29. South Korea Solar Panel Tracking Mount Market Analysis and Forecasts, 2022-2029
29.1. Market Size (Value) Estimates & Forecast By Tracking System, 2022-2029
29.2. Market Size (Value) Estimates & Forecast By Axis Rotation, 2022-2029
29.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029

30. Australia Solar Panel Tracking Mount Market Analysis and Forecasts, 2022-2029
30.1. Market Size (Value) Estimates & Forecast By Tracking System, 2022-2029
30.2. Market Size (Value) Estimates & Forecast By Axis Rotation, 2022-2029
30.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029

31. ASEAN Solar Panel Tracking Mount Market Analysis and Forecasts, 2022-2029
31.1. Market Size (Value) Estimates & Forecast By Tracking System, 2022-2029
31.2. Market Size (Value) Estimates & Forecast By Axis Rotation, 2022-2029
31.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029

32. Rest of Asia Pacific Solar Panel Tracking Mount Market Analysis and Forecasts, 2022-2029
32.1. Market Size (Value) Estimates & Forecast By Tracking System, 2022-2029
32.2. Market Size (Value) Estimates & Forecast By Axis Rotation, 2022-2029
32.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029

33. Middle East Africa Solar Panel Tracking Mount Market Analysis and Forecasts, 2022-2029
33.1. Market Size (Value) Estimates & Forecast By Tracking System, 2022-2029
33.2. Market Size (Value) Estimates & Forecast By Axis Rotation, 2022-2029
33.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029

34. Middle East Africa Solar Panel Tracking Mount Market Analysis and Forecasts, by Country
34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029
34.1.1. South Africa
34.1.2. GCC Countries
34.1.3. Egypt
34.1.4. Nigeria
34.1.5. Rest of ME&A

35. South Africa Solar Panel Tracking Mount Market Analysis and Forecasts, 2022-2029
35.1. Market Size (Value) Estimates & Forecast By Tracking System, 2022-2029
35.2. Market Size (Value) Estimates & Forecast By Axis Rotation, 2022-2029
35.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029

36. GCC Countries Solar Panel Tracking Mount Market Analysis and Forecasts, 2022-2029
36.1. Market Size (Value) Estimates & Forecast By Tracking System, 2022-2029
36.2. Market Size (Value) Estimates & Forecast By Axis Rotation, 2022-2029
36.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029

37. Egypt Solar Panel Tracking Mount Market Analysis and Forecasts, 2022-2029
37.1. Market Size (Value) Estimates & Forecast By Tracking System, 2022-2029
37.2. Market Size (Value) Estimates & Forecast By Axis Rotation, 2022-2029
37.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029

38. Nigeria Solar Panel Tracking Mount Market Analysis and Forecasts, 2022-2029
38.1. Market Size (Value) Estimates & Forecast By Tracking System, 2022-2029
38.2. Market Size (Value) Estimates & Forecast By Axis Rotation, 2022-2029
38.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029

39. Rest of ME&A Solar Panel Tracking Mount Market Analysis and Forecasts, 2022-2029
39.1. Market Size (Value) Estimates & Forecast By Tracking System, 2022-2029
39.2. Market Size (Value) Estimates & Forecast By Axis Rotation, 2022-2029
39.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029

40. South America Solar Panel Tracking Mount Market Analysis and Forecasts, 2022-2029
40.1. Market Size (Value) Estimates & Forecast By Tracking System, 2022-2029
40.2. Market Size (Value) Estimates & Forecast By Axis Rotation, 2022-2029
40.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029

41. South America Solar Panel Tracking Mount Market Analysis and Forecasts, by Country
41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029
41.1.1. Brazil
41.1.2. Argentina
41.1.3. Rest of South America

42. Brazil Solar Panel Tracking Mount Market Analysis and Forecasts, 2022-2029
42.1. Market Size (Value) Estimates & Forecast By Tracking System, 2022-2029
42.2. Market Size (Value) Estimates & Forecast By Axis Rotation, 2022-2029
42.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029

43. Argentina Solar Panel Tracking Mount Market Analysis and Forecasts, 2022-2029
43.1. Market Size (Value) Estimates & Forecast By Tracking System, 2022-2029
43.2. Market Size (Value) Estimates & Forecast By Axis Rotation, 2022-2029
43.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029

44. Rest of South America Solar Panel Tracking Mount Market Analysis and Forecasts, 2022-2029
44.1. Market Size (Value) Estimates & Forecast By Tracking System, 2022-2029
44.2. Market Size (Value) Estimates & Forecast By Axis Rotation, 2022-2029
44.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029

45. Competitive Landscape
45.1. Geographic Footprint of Major Players in the Global Solar Panel Tracking Mount Market
45.2. Competition Matrix
45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment
45.2.2. New Product Launches and Product Enhancements
45.2.3. Market Consolidation
45.2.3.1. M&A by Regions, Investment and Verticals
45.2.3.2. M&A, Forward Integration and Backward
Integration
45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
45.3. Company Profile: Key Players
45.3.1. EdisunMicrogrids
45.3.1.1. Company Overview
45.3.1.2. Financial Overview
45.3.1.3. Geographic Footprint
45.3.1.4. Product Portfolio
45.3.1.5. Business Strategy
45.3.1.6. Recent Developments
45.3.2. UNIRAC Inc.
45.3.3. IronRidge Inc.
45.3.4. SOLARUK Limited
45.3.5. GM Industries, Inc.
45.3.6. WattSun - Energy India Private Ltd
45.3.7. NEXTracker Inc.
45.3.8. ABB
45.3.9. Schletter GmbH
45.3.10. SunLink Corporation
45.3.11. Array Technologies, Inc.
45.3.12. Abengoa Solar
45.3.13. SunPower Corporation
45.3.14. Trina Solar
45.3.15. SOLTEC
45.3.16. Other Key Players
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