Lucintel's latest market report analyzed that solar tracker provides attractive opportunities in the utility, residential, and commercial and industrial markets. The solar tracker market is expected to reach $XX billion by 2028 with a CAGR of 13% to 15%. In this market, solar photovoltaic is the largest segment by technology, whereas utility is largest by end use industry.
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Based on technology, the solar tracker market is segmented into solar photovoltaic, concentrated solar power, and concentrated photovoltaic. The solar photovoltaic segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to growing adoption by energy investors due to price advantage over CSP and CVP technology. Also, solar PV modules are subject to less design restrictions and take less time to build than other technologies which adds in their large scale adoption.
Browse in-depth TOC on “Solar Tracker Market”
XX – Tables
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The Solar Tracker Market is marked by the presence of several big and small players. Some of the prominent players offering solar tracker include NEXTracker, Array Technologies, Soltec, Convert Italia, Arctech Solar, SunPower, Sun Action Trackers.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. 972.636.5056
Cell: 303.775.0751
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