The global Solar Active Tracker Market size is expected to reach USD 22.08 Billion in 2028 and register a CAGR of 10.4% over the forecast period, according to the latest report by Reports and Data. Key factors such as increasing use of solar power, rising awareness about green energy, and inclining investment by government and private investors in solar panel technology are driving market revenue growth. Solar Active Tracker is a device that helps to shift the orientation of solar modules throughout the day to follow path of the sun in order to harness solar energy more efficiently.

There are mainly three types of Solar Active Trackers; manual Solar Active Tracker, active Solar Active Tracker, and passive Solar Active Tracker. Manual Solar Active Trackers require manual effort to adjust solar panels throughout the day. Active Solar Active Tracker uses motors or hydraulic cylinders for moving the position of solar panels. There are two types of active Solar Active Trackers; single axis Solar Active Tracker, and dual axis Solar Active Tracker. Active Solar Active Tracker segment accounted for largest revenue share in the global market in 2020. This can be attributed to rising adoption of single axis tracker due to the advantages such as cost-effectiveness, durability, efficiency, and simple technology. 

North America accounted for largest revenue share in the global market in 2020. Major revenue contributors of the North American market are the United States and Canada, respectively. Factors such as robust presence of key market players, rising focus on research and development activities, rising demand for renewable energy are the key factors driving revenue growth of the market in this region. 

Asia Pacific market accounted for a 22% revenue share in the global market in 2020 and is expected to register fastest CAGR than other regional markets over the forecast period. This can be attributed to rapid industrialization, growing preference for renewable energy, and rising focus on infrastructural development.

Europe accounted for a significant revenue share in 2020 and the trend is expected to continue over the forecast period. Deployment of solar technologies, and rapid technological advancements are the key factors driving revenue growth of the market in this region.

Major players in the market report include All Earth Renewables, Inc., Sun Action Trackers, NEXTracker, Inc., Solar Steel, Soltec, PV Hardware; Artech Solar; Exosun, NClave, and Powerway Renewable Energy Co. Ltd.

For a comprehensive value chain analysis, the report covers the downstream and upstream essentials of the Solar Active Tracker Market. It also pays special focus on the growth process, macro- and micro-economic factors, raw material sources analysis, and other technical data. The report further segments the market on the basis of types, applications, and regions and offers insights into the segments that have the highest penetration and profit margin, along with recent developments based on geographies.

Some Key Highlights from the Report:

• In June 2021, Antaisolar launched the world's longest Solar Active Tracker, SPACE. This is a 1P Multi-Slew Solar Active Tracker help to reduce 18% solar mounting system cost and it can be extended to more than 4 strings at maximum 240 meters in length.
• Photovoltaic (PV) segment accounted for largest revenue share in the global market in 2020. This can be attributed to growing investment in solar PV module infrastructure development in commercial and residential sectors.

For the purpose of this report, Reports and Data has segmented the Solar Active Tracker market based on technology, product, application and region:

Technology Outlook (Revenue, USD Billion; 2018-2028)

• Photovoltaic (PV)
• Concentrated Solar Power (CSP)
• Concentrator Photovoltaic (CPV)

Product Channel Outlook (Revenue, USD Billion; 2018-2028)

• Manual Tracker
• Active Tracker
• Single-Axis Tracker
• Dual Axis Tracker
• Passive Tracker

Application Outlook (Revenue, USD Billion; 2018-2028)

• Utility
• Non-Utility

Scope of the Solar Active Tracker Market Report:

The report offers an extensive assessment of the growth rate and the market size based on the dynamics of the industry and the factors influencing the growth of the market. The report is formulated through authentic sources and verified and validated by industry experts. The report has been formulated through extensive primary and secondary research. It also covers the evaluation of market and competitive landscape along with SWOT analysis and Porter’s Five Forces analysis of the leading companies.

To know more about the report, visit @ https://www.reportsanddata.com/press-release/global-solar-tracker-market

Moreover, the report offers an accurate forecast estimation through a thorough analysis of the historical data (2017-2018) while considering 2019 as the base year. The data offers a panoramic view of the market, assisting the readers to gain valuable insights into the Solar Active Tracker market. To impart better understanding of the market, the key statistical data is organized into pictorial representations such as charts, graphs, tables, diagrams, and figures.

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