Global solar tracker market capacity is expected to reach 39.33 GW by 2025. Rising awareness about renewable and sustainable sources of energy coupled with growing several government initiatives are projected to drive the growth of the global solar tracker market during the forecast period.

Dallas, TX -- (SBWire) -- 02/05/2020 --With exponential growth in solar power generation, the global solar tracker market is anticipated to remain majorly lucrative in forthcoming years. Leading market players are increasingly focusing on expansion plans such as portfolio diversification as well as geographical re-planning and M&A ventures to attract long term profits and market sustainability in the coming years. Long term commitment towards clean energy conservation to propel million dollar growth in solar trackers market. These market highlights are in line with Adroit Market Research's recent report addition.

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Solar Tracker Market: M&A Deals to Remain Core Growth Strategies

Traditionally, solar trackers are devices used extensively to upgrade the process of electricity generation via solar panels and devices. This increasing reliance on solar trackers facilitates optimistic growth spurt in global solar tracker market as these solar trackers are used to improve functionality of electricity generation via solar modes.

Novel market penetration as well as mindful investment discretion amongst market players to secure sustainable growth despite staggering competition has facilitated potential industry specific market discretion. To cite an instance, solar tracker major, light source BP in a recent development has bagged high end deal to supply over 1.5 GW solar tracking capabilities. The company has recently entered into a business deal with Array Technologies based on which the latter is likely to supply solar tracking equipment.

Dynamic understanding on the market overview in global solar trackers market has been assessed and analyzed in depth to equip report readers with conclusive insights on market progress, encompassing market dynamics, drivers, threats, challenges, and trends that lend holistic growth in global solar trackers market. The report also sheds light on systematic segmentation on the basis of which the market is clustered into type, technology, and application.

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Global solar tracker market is diversified into core segments such as product, technology and application. By product global solar tracker market is diversified into single and dual axis. In terms of technology the market is splintered into photovoltaic, concentrated photovoltaic, and concentrated solar power types. By application the market is further classified into utility and non-utility. Further, an in-depth assessment of regional diversification is also elaborated in the report on the basis of which Europe, North and South America, APAC, and MEA are identified as core regional growth hubs. A thorough run-down on competition spectrum is also highlighted in the report to render workable insights on global competition landscape, highlighting industry veterans, complete with thorough evaluation of their winning business objectives, long term goals, and commitment vision. A thorough analysis of these industry specific information allow market players to decipher and implement profit driven business discretion through the forecast span.

Some of the other key players in the global solar tracker market are SunPower Corporation, Convert Italia SpA, Soltec Renewable SL, Game Change Solar and First Solar Inc.

Segment overview of global solar tracker market


- Product Overview:

- Single axis

- Dual axis

- Technology Overview:


- Photovoltaic (PV)

- Concentrated photovoltaic (CPV)

- Concentrated solar power (CSP)




- Application Overview:


- Utility

- Non-Utility




- Regional Overview:


- North America


- S.

- Canada

- Mexico




- Europe


- France

- Germany

- Spain

- Rest of Europe




- Asia Pacific


- India

- Japan

- China

- Rest of Asia Pacific




- South America


- Brazil

- Argentina

- Chile

- Rest of South America




- Middle East & Africa


- UAE

- Saudi Arabia

- Jordan

- Rest of MEA

- Rest of Middle East and Africa








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