Solar Tracker Installation Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Solar Tracker Installation Market is segmented By Type (Single Axis, Horizontal, Vertical, Dual Axis), By Application (Residential, Commercial, Indust....
Solar Tracker Installation Market Size
Market Size in USD
CAGR14.3%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 14.3% |
| Market Concentration | High |
| Major Players | NEXTracker Inc., Array Technologies Inc., Soltec Trackers, Arctech Solar, First Solar Inc. |
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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Solar Tracker Installation Market Analysis
The solar tracker installation market is estimated to be valued at USD 9.03 Bn in 2024 and is expected to reach USD 23.01 Bn by 2031, growing at a compound annual growth rate (CAGR) of 14.3% from 2024 to 2031. The solar tracker installation market is experiencing positive growth trends with growing focus on renewable energy and decreasing cost of solar power generation.