The global solar tracker market is expected to grow rapidly from 2022 to 2031.
The global solar tracker market is expected to grow from approximately 9.4 billion USD in 2022 to about 16 billion USD by 2031. During the forecast period from 2023 to 2031, the compound annual growth rate (CAGR) is projected to be 6.1%. The growth of the solar tracker market is influenced by the following factors: Improved efficiency: The adoption of solar trackers enhances the efficiency of solar panels, allowing for more energy to be generated in the same area. Expansion of renewable energy: Increased interest and demand for renewable energy are driving the demand for solar trackers. Technological innovation: The development and implementation of more efficient and cost-effective solar trackers are contributing to market growth. You can check the application method by clicking the [PDF Download] button or apply directly through the related links.
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Major Companies: NEXTracker Inc. STI Norland Array Technologies Inc. GameChange Solar Convert Italia Arctech Solar PVHardware Nclave Renewable Gonvarri Steel Services By Type Single-axis Tracker Dual-axis Tracker By Technology Photovoltaics Concentrated Solar Tracker By Application Residential Commercial Utility
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