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Solar Tracker Market Size
- Report ID: GMI364
- Published Date: May 2023
- Report Format: PDF
Solar Tracker Market Size
Solar Tracker Market size was valued at USD 26.90 billion in 2023 and is projected to grow at 4.9% CAGR from 2024 to 2032. Solar tracker is a device mounted on solar panels that allows them to follow the sun’s trajectory to produce energy. Rising electricity demand, growing off grid electricity generation coupled with favorable government incentives toward clean energy implementation will drive the business statistics. Rising capital investments in solar energy projects especially across the utility sector will sway the market trends.
Moreover, shifting consumer trends toward solar energy deployment across economies owing to rising awareness toward sustainable energy combined with surging industrial activities will continue to drive the business momentum.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Tracker Market Size in 2023: | USD 26.90 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 4.9% |
| 2032 Value Projection: | USD 41.46 Billion |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 400 |
| Tables, Charts & Figures: | 813 |
| Segments covered: | Product, Technology, Application, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Tracker Market Scope
