Solar Trackers Market Outlook for (2023 to 2033)

The global solar trackers market size was valued at US$ 3.2 billion in 2022. The market is estimated to surge at a CAGR of 7.5% by 2033, reaching a value of about US$ 7.2 billion by 2033.

Solar tracker sales are anticipated to rise as awareness of energy saving and transition to renewable energy sources grows. Solar trackers use a range of electrical components such as counting motors, actuators, and sensors. These help to direct the solar cells to focus sunlight for exploiting energy capture.

The collected sunlight will then be transformed into electricity for use by several end-user segments. Increasing use of solar energy as a potential basis of commercial power generation has become popular due to reduced cost of solar panels. It is expected to further drive growth in the solar trackers market.

Solar photovoltaic technology is fast mounting renewable energy sources in recent years in the United States. The government's increasing emphasis on renewable energy has led to growth of photovoltaic cells as a sustainable and incessant source of electricity generation.

Increasing capacity expansion of the market has resulted in lower cost of conductive electricity (LCOE). This has branded solar trackers’ energy competitiveness with other conservative forms of energy. Together with the supportive policies of government bodies, these are the key drivers for the widespread deployment of solar energy in the country.

Technological innovations to develop new tracking system methods by key companies are projected to drive growth in the forecast period. The solar trackers market is price competitive. Hence, companies in the solar trackers market need to be efficient and highly strategic to succeed.

Solar tracker demand is projected to experience significant growth during the review period due to the recent surge in the price of electricity (FIT). Presence of government subsidies is likely to have an optimistic impact on the market. During the FIT boom, several projects used dual-axis trackers with low reliability, resulting in high operating and maintenance costs.

Attributes Details
Solar Trackers Market (2022A) US$ 3.2 billion
Estimated Solar Trackers Market Value (2023E) US$ 3.5 billion
Forecast Solar Trackers Market Value (2033F) US$ 7.2 billion
Value-based Solar Trackers Market CAGR (2023 to 2033) 7.5%

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Historical Performance of the Solar Trackers Market

The solar trackers market increased at a CAGR of 8.8% between 2018 and 2022. The solar trackers market was valued at US$ 3.2 billion in 2022 and further surpassed a value of US$ 3.5 billion in 2023.

Historical CAGR (2018 to 2022) 8.8%
Historical Market Size (2022) US$ 3.2 billion

The idea of solar trackers began to gain attention as a means to surge the energy output of solar panels by tracking the movement of the sun. Single-axis trackers were among the first to be introduced.

The systems track the sun's movement from dawn to dusk, augmenting panel angles for maximum energy capture. Innovations in tracking algorithms are expected to help in improving the total energy production. It is further projected to spur solar tracker sales by 2033.

As the cost of solar panels decreases and energy efficiency becomes more important, solar tracking technology has evolved to meet these needs. Dual-axis trackers have arrived, allowing panels to track the daily and seasonal movement of the sun, boosting energy production. Manufacturers have focused on improving system dependability, durability, and maintenance efficiency to solve problems associated with moving parts.

Use of solar trackers has gained momentum in large-scale solar projects. Larger scale of these projects has resulted in better economies of scale and increased return-on-investment (ROI).

Double-sided solar panels, capable of taking sunlight from both sides, have gained attention. They combine well with the ability of solar trackers to optimize the orientation of such panels.

Emerging markets, particularly in parts of Asia, Africa, and Latin America, have begun to explore solar solutions, including solar trackers, to meet their growing energy needs. In these regions, solar trackers are seen as a way to maximize energy production and reduce dependence on fossil fuels.

With growing adoption, solar tracking technologies have become more consistent and mature. Rivalry among manufacturers has led to price reductions and enhanced functionality, making solar trackers more reachable to more projects. Manufacturers have begun to emphasize sustainability through eco-friendly materials and improving designs to reduce the ecological impact of solar tracking systems.

Key Trends in the Solar Trackers Market

  • Dual-axis tracking: While single-axis trackers are more common, dual-axis tracking systems are growing in popularity due to their capability to adjust solar panels not only in response to the sun's daily movement but also variations.
  • Double-sided solar panels: Double-sided solar panels are becoming more popular. These panels can create electricity from both sides, letting them capture sunlight reflected from the ground.
  • Integrated energy storage: Solar trackers are integrated with energy storage solutions such as batteries. This allows excess energy to be recovered during peak production hours and used during periods of low solar intensity, growing system efficiency and grid stability.
  • Increase efficiency and reduce costs: Solar tracker manufacturers have focused on refining the efficiency of tracking systems while trying to reduce production and installation costs.
  • Market expansion: Adoption of solar trackers is not limited to traditional solar power plants. Developing markets with high solar latent but extreme conditions such as deserts, have also shown interest in positioning solar trackers to improve production.
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Nikhil Kaitwade

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Restraining Factors in the Solar Trackers Market

  • Energy consumption: Tracking mechanism of the solar tracker consumes extra power to operate. This power consumption can partially offset the additional power produced by the tracking system, thereby dipping the net energy gain and affecting the system performance.
  • Regulatory challenges: Diverse regions might have regulations or licensing processes that can affect the installation and operation of a solar tracking system. Addressing these legal challenges can increase the schedule and cost of the project.

Country-wise Insights

The below table showcases sizes in terms of leading countries- Japan and China, which are set to dominate the solar trackers market by 2033, with values of US$ 1.5 billion and US$ 1.4 billion, respectively.

Country Market Size (2033)
China US$ 1.4 billion
United States US$ 1.3 billion
Japan US$ 1.5 billion
United Kingdom US$ 254.8 million
South Korea US$ 334.0 million

The below table exhibits value-based CAGRs of top 5 countries in the solar trackers market. Among them, China, the United States, and Japan are set to witness the same CAGR of 7.4% from 2023 to 2033. These are expected to be followed by the United Kingdom and South Korea solar trackers markets with CAGRs of 7.3% each.

Country Value-based CAGR (2023 to 2033)
China 7.4%
United States 7.4%
Japan 7.4%
United Kingdom 7.3%
South Korea 7.3%

Stringent Environmental Regulations in the United States to Surge Demand

The United States solar trackers market is expected to reach US$ 1.3 billion by 2033, growing at a CAGR of 7.4%. The country has seen prominent growth in solar installed capacity, largely supported by increased investment and favorable government policies. This might help in creating high demand for solar trackers in the country.

The United States is projected to maintain its dominance in the solar trackers market over the forecast period, as the government increasingly focuses on renewable energy and policies. The country is the world's leading market in terms of solar tracker sales, with most of the demand coming from states such as California, Arizona, Nevada, Texas, Florida, and North Carolina.

The United States accounts for a significant portion of the total number of dual-axis solar trackers deployed worldwide. These systems have augmented efficiency compared to existing trackers. This has led to a surging demand for these systems.

Operating and maintenance costs associated with solar tracking systems are expected to be the market limiting factor. As a result, aspects such as upcoming solar PV tracking system projects, favorable government policies, and efforts to reduce dependence on fossil energy are projected to support solar tracker demand in the country.

China Might be Driven by Rising Focus on Renewable Energy Sources

China solar trackers market is expected to reach US$ 1.4 billion by 2033, growing at a CAGR of 7.4%. Emphasis on energy security and grid stability, particularly after the Fukushima disaster, has sparked interest in combining solar trackers with energy storage solutions.

China's solar market has grown as the government adjusts the FiT program and moves to a more competitive bidding process. This transition has driven solar developers to enhance returns on their projects, and solar trackers are part of this equation.

China's commitment to dropping greenhouse gas emissions and moving away from nuclear energy has led to increasing focus on renewable energy sources, including solar energy. Sustainability and environmental considerations have influenced the choice of solar technology, especially trackers.

China-based companies and research institutes have been actively involved in the development of solar tracking technology. This includes discovery of new materials, control systems, and integration with other renewable technologies.

Dense Population and Urban Landscape to Spur Sales in Japan

The solar trackers market in Japan is expected to reach US$ 1.5 billion by 2033. It is anticipated to expand at a CAGR of 7.4% in the forecast period.

Japan solar sector grew strongly after the introduction of the input price program in 2012. This program guarantees fixed payments to solar power producers encouraging investment in solar projects, counting on those using solar trackers.

Limited land availability in Japan for large-scale solar installations has encouraged the adoption of solar trackers to maximize energy production from smaller areas of land. Solar trackers allow panels to follow the path of the sun, enhancing energy capture despite space constraints.

Solar trackers manufacturers in Japan have worked hard to integrate advanced control systems, sensors, and algorithms to optimize tracking accuracy and performance of their trackers. Japan's geographical location makes it prone to frequent earthquakes and typhoons. Solar trackers designed for the market often include features to withstand such natural phenomena, ensuring the durability and reliability of these systems.

The market is an early adopter of double-sided solar panels, which are great for use with solar trackers. These panels can capture sunlight from both sides, possibly increasing energy output.

Emphasis on Mergers and Partnerships in South Korea to Fuel Sales

The solar trackers market in South Korea is expected to reach a value of US$ 334.0 million, expanding at a CAGR of 7.3% during the forecast period. South Korea has set ambitious renewable energy targets to surge the share of renewable sources in its energy mix. Solar energy, especially solar trackers, has played a role in attaining these goals.

Several government incentives including tariffs, subsidies, tax benefits, and support mechanisms have been put in place to inspire the adoption of solar technologies, including solar trackers. South Korea's commitment in decreasing carbon emissions and switching to cleaner energy sources is the driving force behind adoption of solar technology.

South Korea solar trackers market has seen policy and regulatory changes affecting the deployment of solar trackers. Government policies aim to balance renewable energy support with economic considerations. The solar industry has also entered into partnerships and collaborations with international companies to leverage its global expertise in solar tracking technology.

Decreasing Government Subsidies in the United Kingdom to Boost Sales

The United Kingdom solar trackers market is expected to reach a valuation of around US$ 254.8 million by 2033. The United Kingdom solar industry has grown rapidly thanks to generous subsidy schemes such as the Electricity Input Tariff (FiT). The government has reduced these subsidies over time, leading to a shift to more competitive solar technologies, including solar trackers.

Focus has shifted from preferential prices to incentives to encourage self-consumption of solar energy. This has raised interest in maximizing energy production from solar installations, and branding solar trackers as a potential solution for greater efficiency.

The United Kingdom 's relatively low solar irradiance compared to sunnier regions makes it important to maximize energy efficiency. Solar trackers can improve energy production by adjusting the angle of these panels to capture more sunlight throughout the day.

Given the specific solar condition in the United Kingdom, adoption of solar trackers often depends on economics of the project, payback period, and return on investment. Several projects have shown that solar trackers can improve economic viability by growing energy production in the United Kingdom.

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Category-wise Insights

The below table shows that the single-axis segment is significant in terms of product type, surging at a CAGR of 7.3% by 2033. It is likely to be followed by the technology category where the photovoltaic (PV) segment might grow at 7.1% CAGR by 2033 in the solar trackers market.

Segments in Solar Trackers Market Value-based CAGR (2023 to 2033)
Single-axis (Product Type) 7.3%
Photovoltaic (Technology) 7.1%

Simplicity and Affordability of Single-axis Trackers to Make Them Popular

By product type, the single axis segment is expected to dominate the solar trackers market and is estimated to surge at a CAGR of 7.3% by 2033. Single-axis solar trackers generally refer to a type of solar tracking system used in solar power generation.

Solar trackers are devices that orient solar panels or modules tracking the sun's movement across the sky, maximizing the amount of sunlight they receive throughout the day. This improves the energy production of solar panels compared to fixed mount systems.

This type of solar tracker moves solar panels along a single axis, usually a horizontal or vertical axis. The single-axis horizontal tracker tracks the sun's movement from east to west, adjusting the tilt of panels as the sun moves across the sky.

Single-axis trackers are generally simpler and less expensive than dual-axis trackers. Hence, they might be a popular choice for large-scale solar installations in the solar trackers market.

Use of PV Technology in Utility and Non-utility Applications to Elevate Sales

Based on technology, the photovoltaic (PV) segment is projected to surge at a CAGR of 7.1% by 2033 in the solar trackers market. Power standards are the key reason that photovoltaic technology has the leading market share. Rising electricity costs due to the gap between supply and demand will further increase the use of photovoltaic (PV) in utility and non-utility applications.

Using solar trackers on PV modules needs lesser design rules than mirrors, and lenses, on CPV and CSP technology trackers. These structures might accelerate the development of solar trackers in photovoltaic technology during the forecast period.

CPV systems produce low-cost solar energy due to low production costs and less raw material requirements. This technology uses optics such as a lens to focus a large amount of sunlight onto a small area of photovoltaic material to generate electricity.

Solar trackers improve the production volume of the solar panel system by supporting solar panels to the course of sunlight. These trackers can change the placement of the photovoltaic panel so that sunlight hits the plate perpendicularly and delivers maximum power.

Installed capacity of solar photovoltaic (PV) projects has increased due to growing investment in the renewable energy sector supported by favorable government strategies and targeted projects. Ambitious renewable energy targets set by several countries might further fuel solar trackers market.

Competitive Landscape

Companies in the solar trackers market are focusing on emerging innovative technology-based goods due to rising industrial demand for advanced technologies for tracking purposes. They are adopting a range of organic and inorganic growth strategies to expand their geographic reach & portfolio. Key solar tracker manufacturer's strategic framework focuses on packaging orders for large purchases as it allows manufacturers to accomplish economies of scale.

Recent developments in solar trackers market-

  • In February 2023, PV Hardware (PVH) built a solar tracker factory in Valencia, Spain. It will expand its yearly global production and supply capacity to 25 GW.
  • In October 2022, Gonvarri Solar Steel announced that it had signed a contract to provide around 1.2 GW of solar racking and tracking solutions for its solar projects in the Iberian.
  • In September 2022, FTC Solar Inc. proclaimed the launch of its differentiated vertical mode solar tracking solution module.

Scope of the Report

Attribute Details
Forecast Period 2023 to 2033
Historical Data Available for 2018 to 2022
Estimated Market Size (2023) USD 3.5 billion
Projected Market Valuation (2033) USD 7.2 billion
Value-based CAGR (2023 to 2033) 7.5%
Market Analysis Value (USD billion)
Key Segments Covered Product Type, Technology, and Application
Key Regions Covered North America; Latin America; East Asia; South Asia Pacific; Western Europe; Eastern Europe; Middle East & Africa
Key Countries Covered United States, Canada, Brazil, Mexico, Germany, Italy, France, United Kingdom, Spain, Russia, GCC Countries, India, China, Japan and Australia
Key Companies Profiled AllEarth Renewables, Inc.; Arctech Solar; Array Technologies, Inc.; Convert Italia; First Solar Inc.; GameChange Solar

Solar Trackers Market Outlook by Category

By Product Type:

  • Single-axis
  • Dual-axis

By Technology:

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

By Application:

  • Utility
  • Commercial
  • Residential

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • Middle East and Africa

Frequently Asked Questions

How big is the solar trackers market?

The market is anticipated to reach a value of US$ 7.2 billion by 2033.

What is the most efficient solar tracker globally?

Single-axis solar trackers to witness 7.3% CAGR from 2023 to 2033.

Who is the largest solar tracker seller?

AllEarth Renewables, Inc. is the largest solar tracker seller worldwide.

What are the trends in the solar trackers market?

Double-sided solar panels and panels with storage space are key trends.

What are the applications of solar trackers?

Solar trackers are mainly set to be applied in the utility sector.

Table of Content
1. Executive Summary
    1.1. Global Market Outlook
    1.2. Demand-side Trends
    1.3. Supply-side Trends
    1.4. Technology Roadmap Analysis
    1.5. Analysis and Recommendations
2. Market Overview
    2.1. Market Coverage / Taxonomy
    2.2. Market Definition / Scope / Limitations
3. Market Background
    3.1. Market Dynamics
        3.1.1. Drivers
        3.1.2. Restraints
        3.1.3. Opportunity
        3.1.4. Trends
    3.2. Scenario Forecast
        3.2.1. Demand in Optimistic Scenario
        3.2.2. Demand in Likely Scenario
        3.2.3. Demand in Conservative Scenario
    3.3. Opportunity Map Analysis
    3.4. Product Life Cycle Analysis
    3.5. Supply Chain Analysis
        3.5.1. Supply Side Participants and their Roles
            3.5.1.1. Producers
            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
            3.5.1.3. Wholesalers and Distributors
        3.5.2. Value Added and Value Created at Node in the Supply Chain
        3.5.3. List of Raw Material Suppliers
        3.5.4. List of Existing and Potential Buyer’s
    3.6. Investment Feasibility Matrix
    3.7. Value Chain Analysis
        3.7.1. Profit Margin Analysis
        3.7.2. Wholesalers and Distributors
        3.7.3. Retailers
    3.8. PESTLE and Porter’s Analysis
    3.9. Regulatory Landscape
        3.9.1. By Key Regions
        3.9.2. By Key Countries
    3.10. Regional Parent Market Outlook
    3.11. Production and Consumption Statistics
    3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
    4.1. Historical Market Size Value (US$ billion) & Volume (Units) Analysis, 2018 to 2022
    4.2. Current and Future Market Size Value (US$ billion) & Volume (Units) Projections, 2023 to 2033
        4.2.1. Y-o-Y Growth Trend Analysis
        4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
    5.1. Introduction / Key Findings
    5.2. Historical Market Size Value (US$ billion) & Volume (Units) Analysis By Product Type, 2018 to 2022
    5.3. Current and Future Market Size Value (US$ billion) & Volume (Units) Analysis and Forecast By Product Type, 2023 to 2033
        5.3.1. Single-axis
        5.3.2. Dual-axis
    5.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022
    5.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology
    6.1. Introduction / Key Findings
    6.2. Historical Market Size Value (US$ billion) & Volume (Units) Analysis By Technology, 2018 to 2022
    6.3. Current and Future Market Size Value (US$ billion) & Volume (Units) Analysis and Forecast By Technology, 2023 to 2033
        6.3.1. Photovoltaic (PV)
        6.3.2. Concentrated Solar Power (CSP)
    6.4. Y-o-Y Growth Trend Analysis By Technology, 2018 to 2022
    6.5. Absolute $ Opportunity Analysis By Technology, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
    7.1. Introduction / Key Findings
    7.2. Historical Market Size Value (US$ billion) & Volume (Units) Analysis By Application, 2018 to 2022
    7.3. Current and Future Market Size Value (US$ billion) & Volume (Units) Analysis and Forecast By Application, 2023 to 2033
        7.3.1. Utility
        7.3.2. Commercial
        7.3.3. Residential
    7.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
    7.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
    8.1. Introduction
    8.2. Historical Market Size Value (US$ billion) & Volume (Units) Analysis By Region, 2018 to 2022
    8.3. Current Market Size Value (US$ billion) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
        8.3.1. North America
        8.3.2. Latin America
        8.3.3. Western Europe
        8.3.4. Eastern Europe
        8.3.5. South Asia and Pacific
        8.3.6. East Asia
        8.3.7. Middle East and Africa
    8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    9.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
    9.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
        9.2.1. By Country
            9.2.1.1. United States
            9.2.1.2. Canada
        9.2.2. By Product Type
        9.2.3. By Technology
        9.2.4. By Application
    9.3. Market Attractiveness Analysis
        9.3.1. By Country
        9.3.2. By Product Type
        9.3.3. By Technology
        9.3.4. By Application
    9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    10.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
    10.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
        10.2.1. By Country
            10.2.1.1. Brazil
            10.2.1.2. Mexico
            10.2.1.3. Rest of Latin America
        10.2.2. By Product Type
        10.2.3. By Technology
        10.2.4. By Application
    10.3. Market Attractiveness Analysis
        10.3.1. By Country
        10.3.2. By Product Type
        10.3.3. By Technology
        10.3.4. By Application
    10.4. Key Takeaways
11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    11.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
    11.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
        11.2.1. By Country
            11.2.1.1. Germany
            11.2.1.2. United Kingdom
            11.2.1.3. France
            11.2.1.4. Spain
            11.2.1.5. Italy
            11.2.1.6. Rest of Western Europe
        11.2.2. By Product Type
        11.2.3. By Technology
        11.2.4. By Application
    11.3. Market Attractiveness Analysis
        11.3.1. By Country
        11.3.2. By Product Type
        11.3.3. By Technology
        11.3.4. By Application
    11.4. Key Takeaways
12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    12.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
    12.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
        12.2.1. By Country
            12.2.1.1. Poland
            12.2.1.2. Russia
            12.2.1.3. Czech Republic
            12.2.1.4. Romania
            12.2.1.5. Rest of Eastern Europe
        12.2.2. By Product Type
        12.2.3. By Technology
        12.2.4. By Application
    12.3. Market Attractiveness Analysis
        12.3.1. By Country
        12.3.2. By Product Type
        12.3.3. By Technology
        12.3.4. By Application
    12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    13.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
    13.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
        13.2.1. By Country
            13.2.1.1. India
            13.2.1.2. Bangladesh
            13.2.1.3. Australia
            13.2.1.4. New Zealand
            13.2.1.5. Rest of South Asia and Pacific
        13.2.2. By Product Type
        13.2.3. By Technology
        13.2.4. By Application
    13.3. Market Attractiveness Analysis
        13.3.1. By Country
        13.3.2. By Product Type
        13.3.3. By Technology
        13.3.4. By Application
    13.4. Key Takeaways
14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    14.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
    14.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
        14.2.1. By Country
            14.2.1.1. China
            14.2.1.2. Japan
            14.2.1.3. South Korea
        14.2.2. By Product Type
        14.2.3. By Technology
        14.2.4. By Application
    14.3. Market Attractiveness Analysis
        14.3.1. By Country
        14.3.2. By Product Type
        14.3.3. By Technology
        14.3.4. By Application
    14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    15.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
    15.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
        15.2.1. By Country
            15.2.1.1. GCC Countries
            15.2.1.2. South Africa
            15.2.1.3. Israel
            15.2.1.4. Rest of Middle East and Africa
        15.2.2. By Product Type
        15.2.3. By Technology
        15.2.4. By Application
    15.3. Market Attractiveness Analysis
        15.3.1. By Country
        15.3.2. By Product Type
        15.3.3. By Technology
        15.3.4. By Application
    15.4. Key Takeaways
16. Key Countries Market Analysis
    16.1. United States
        16.1.1. Pricing Analysis
        16.1.2. Market Share Analysis, 2022
            16.1.2.1. By Product Type
            16.1.2.2. By Technology
            16.1.2.3. By Application
    16.2. Canada
        16.2.1. Pricing Analysis
        16.2.2. Market Share Analysis, 2022
            16.2.2.1. By Product Type
            16.2.2.2. By Technology
            16.2.2.3. By Application
    16.3. Brazil
        16.3.1. Pricing Analysis
        16.3.2. Market Share Analysis, 2022
            16.3.2.1. By Product Type
            16.3.2.2. By Technology
            16.3.2.3. By Application
    16.4. Mexico
        16.4.1. Pricing Analysis
        16.4.2. Market Share Analysis, 2022
            16.4.2.1. By Product Type
            16.4.2.2. By Technology
            16.4.2.3. By Application
    16.5. Germany
        16.5.1. Pricing Analysis
        16.5.2. Market Share Analysis, 2022
            16.5.2.1. By Product Type
            16.5.2.2. By Technology
            16.5.2.3. By Application
    16.6. United Kingdom
        16.6.1. Pricing Analysis
        16.6.2. Market Share Analysis, 2022
            16.6.2.1. By Product Type
            16.6.2.2. By Technology
            16.6.2.3. By Application
    16.7. France
        16.7.1. Pricing Analysis
        16.7.2. Market Share Analysis, 2022
            16.7.2.1. By Product Type
            16.7.2.2. By Technology
            16.7.2.3. By Application
    16.8. Spain
        16.8.1. Pricing Analysis
        16.8.2. Market Share Analysis, 2022
            16.8.2.1. By Product Type
            16.8.2.2. By Technology
            16.8.2.3. By Application
    16.9. Italy
        16.9.1. Pricing Analysis
        16.9.2. Market Share Analysis, 2022
            16.9.2.1. By Product Type
            16.9.2.2. By Technology
            16.9.2.3. By Application
    16.10. Poland
        16.10.1. Pricing Analysis
        16.10.2. Market Share Analysis, 2022
            16.10.2.1. By Product Type
            16.10.2.2. By Technology
            16.10.2.3. By Application
    16.11. Russia
        16.11.1. Pricing Analysis
        16.11.2. Market Share Analysis, 2022
            16.11.2.1. By Product Type
            16.11.2.2. By Technology
            16.11.2.3. By Application
    16.12. Czech Republic
        16.12.1. Pricing Analysis
        16.12.2. Market Share Analysis, 2022
            16.12.2.1. By Product Type
            16.12.2.2. By Technology
            16.12.2.3. By Application
    16.13. Romania
        16.13.1. Pricing Analysis
        16.13.2. Market Share Analysis, 2022
            16.13.2.1. By Product Type
            16.13.2.2. By Technology
            16.13.2.3. By Application
    16.14. India
        16.14.1. Pricing Analysis
        16.14.2. Market Share Analysis, 2022
            16.14.2.1. By Product Type
            16.14.2.2. By Technology
            16.14.2.3. By Application
    16.15. Bangladesh
        16.15.1. Pricing Analysis
        16.15.2. Market Share Analysis, 2022
            16.15.2.1. By Product Type
            16.15.2.2. By Technology
            16.15.2.3. By Application
    16.16. Australia
        16.16.1. Pricing Analysis
        16.16.2. Market Share Analysis, 2022
            16.16.2.1. By Product Type
            16.16.2.2. By Technology
            16.16.2.3. By Application
    16.17. New Zealand
        16.17.1. Pricing Analysis
        16.17.2. Market Share Analysis, 2022
            16.17.2.1. By Product Type
            16.17.2.2. By Technology
            16.17.2.3. By Application
    16.18. China
        16.18.1. Pricing Analysis
        16.18.2. Market Share Analysis, 2022
            16.18.2.1. By Product Type
            16.18.2.2. By Technology
            16.18.2.3. By Application
    16.19. Japan
        16.19.1. Pricing Analysis
        16.19.2. Market Share Analysis, 2022
            16.19.2.1. By Product Type
            16.19.2.2. By Technology
            16.19.2.3. By Application
    16.20. South Korea
        16.20.1. Pricing Analysis
        16.20.2. Market Share Analysis, 2022
            16.20.2.1. By Product Type
            16.20.2.2. By Technology
            16.20.2.3. By Application
    16.21. GCC Countries
        16.21.1. Pricing Analysis
        16.21.2. Market Share Analysis, 2022
            16.21.2.1. By Product Type
            16.21.2.2. By Technology
            16.21.2.3. By Application
    16.22. South Africa
        16.22.1. Pricing Analysis
        16.22.2. Market Share Analysis, 2022
            16.22.2.1. By Product Type
            16.22.2.2. By Technology
            16.22.2.3. By Application
    16.23. Israel
        16.23.1. Pricing Analysis
        16.23.2. Market Share Analysis, 2022
            16.23.2.1. By Product Type
            16.23.2.2. By Technology
            16.23.2.3. By Application
17. Market Structure Analysis
    17.1. Competition Dashboard
    17.2. Competition Benchmarking
    17.3. Market Share Analysis of Top Players
        17.3.1. By Regional
        17.3.2. By Product Type
        17.3.3. By Technology
        17.3.4. By Application
18. Competition Analysis
    18.1. Competition Deep Dive
        18.1.1. AllEarth Renewables, Inc.
            18.1.1.1. Overview
            18.1.1.2. Product Portfolio
            18.1.1.3. Profitability by Market Segments
            18.1.1.4. Sales Footprint
            18.1.1.5. Strategy Overview
                18.1.1.5.1. Marketing Strategy
                18.1.1.5.2. Product Strategy
                18.1.1.5.3. Channel Strategy
        18.1.2. Arctech Solar
            18.1.2.1. Overview
            18.1.2.2. Product Portfolio
            18.1.2.3. Profitability by Market Segments
            18.1.2.4. Sales Footprint
            18.1.2.5. Strategy Overview
                18.1.2.5.1. Marketing Strategy
                18.1.2.5.2. Product Strategy
                18.1.2.5.3. Channel Strategy
        18.1.3. Array Technologies, Inc.
            18.1.3.1. Overview
            18.1.3.2. Product Portfolio
            18.1.3.3. Profitability by Market Segments
            18.1.3.4. Sales Footprint
            18.1.3.5. Strategy Overview
                18.1.3.5.1. Marketing Strategy
                18.1.3.5.2. Product Strategy
                18.1.3.5.3. Channel Strategy
        18.1.4. Convert Italia
            18.1.4.1. Overview
            18.1.4.2. Product Portfolio
            18.1.4.3. Profitability by Market Segments
            18.1.4.4. Sales Footprint
            18.1.4.5. Strategy Overview
                18.1.4.5.1. Marketing Strategy
                18.1.4.5.2. Product Strategy
                18.1.4.5.3. Channel Strategy
        18.1.5. First Solar Inc.
            18.1.5.1. Overview
            18.1.5.2. Product Portfolio
            18.1.5.3. Profitability by Market Segments
            18.1.5.4. Sales Footprint
            18.1.5.5. Strategy Overview
                18.1.5.5.1. Marketing Strategy
                18.1.5.5.2. Product Strategy
                18.1.5.5.3. Channel Strategy
        18.1.6. GameChange Solar
            18.1.6.1. Overview
            18.1.6.2. Product Portfolio
            18.1.6.3. Profitability by Market Segments
            18.1.6.4. Sales Footprint
            18.1.6.5. Strategy Overview
                18.1.6.5.1. Marketing Strategy
                18.1.6.5.2. Product Strategy
                18.1.6.5.3. Channel Strategy
        18.1.7. Mecasolar España SL
            18.1.7.1. Overview
            18.1.7.2. Product Portfolio
            18.1.7.3. Profitability by Market Segments
            18.1.7.4. Sales Footprint
            18.1.7.5. Strategy Overview
                18.1.7.5.1. Marketing Strategy
                18.1.7.5.2. Product Strategy
                18.1.7.5.3. Channel Strategy
        18.1.8. NClave
            18.1.8.1. Overview
            18.1.8.2. Product Portfolio
            18.1.8.3. Profitability by Market Segments
            18.1.8.4. Sales Footprint
            18.1.8.5. Strategy Overview
                18.1.8.5.1. Marketing Strategy
                18.1.8.5.2. Product Strategy
                18.1.8.5.3. Channel Strategy
        18.1.9. NEXTracker Inc.
            18.1.9.1. Overview
            18.1.9.2. Product Portfolio
            18.1.9.3. Profitability by Market Segments
            18.1.9.4. Sales Footprint
            18.1.9.5. Strategy Overview
                18.1.9.5.1. Marketing Strategy
                18.1.9.5.2. Product Strategy
                18.1.9.5.3. Channel Strategy
        18.1.10. PVHardware
            18.1.10.1. Overview
            18.1.10.2. Product Portfolio
            18.1.10.3. Profitability by Market Segments
            18.1.10.4. Sales Footprint
            18.1.10.5. Strategy Overview
                18.1.10.5.1. Marketing Strategy
                18.1.10.5.2. Product Strategy
                18.1.10.5.3. Channel Strategy
        18.1.11. Solar Steel
            18.1.11.1. Overview
            18.1.11.2. Product Portfolio
            18.1.11.3. Profitability by Market Segments
            18.1.11.4. Sales Footprint
            18.1.11.5. Strategy Overview
                18.1.11.5.1. Marketing Strategy
                18.1.11.5.2. Product Strategy
                18.1.11.5.3. Channel Strategy
        18.1.12. Soltec
            18.1.12.1. Overview
            18.1.12.2. Product Portfolio
            18.1.12.3. Profitability by Market Segments
            18.1.12.4. Sales Footprint
            18.1.12.5. Strategy Overview
                18.1.12.5.1. Marketing Strategy
                18.1.12.5.2. Product Strategy
                18.1.12.5.3. Channel Strategy
        18.1.13. STI Norland
            18.1.13.1. Overview
            18.1.13.2. Product Portfolio
            18.1.13.3. Profitability by Market Segments
            18.1.13.4. Sales Footprint
            18.1.13.5. Strategy Overview
                18.1.13.5.1. Marketing Strategy
                18.1.13.5.2. Product Strategy
                18.1.13.5.3. Channel Strategy
        18.1.14. Sun Action Tracker
            18.1.14.1. Overview
            18.1.14.2. Product Portfolio
            18.1.14.3. Profitability by Market Segments
            18.1.14.4. Sales Footprint
            18.1.14.5. Strategy Overview
                18.1.14.5.1. Marketing Strategy
                18.1.14.5.2. Product Strategy
                18.1.14.5.3. Channel Strategy
        18.1.15. SunPower Corporation
            18.1.15.1. Overview
            18.1.15.2. Product Portfolio
            18.1.15.3. Profitability by Market Segments
            18.1.15.4. Sales Footprint
            18.1.15.5. Strategy Overview
                18.1.15.5.1. Marketing Strategy
                18.1.15.5.2. Product Strategy
                18.1.15.5.3. Channel Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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