Germany Solar Tracker Market Size & Outlook, 2023-2030
Germany solar tracker market, 2018-2030 (US$M)
Related Markets
Germany solar tracker market highlights
- The Germany solar tracker market generated a revenue of USD 313.2 million in 2023 and is expected to reach USD 1,046.2 million by 2030.
- The Germany market is expected to grow at a CAGR of 18.8% from 2024 to 2030.
- In terms of segment, dual axis was the largest revenue generating product in 2023.
- Dual Axis is the most lucrative product segment registering the fastest growth during the forecast period.
Solar tracker market data book summary
| Market revenue in 2023 | USD 313.2 million |
| Market revenue in 2030 | USD 1,046.2 million |
| Growth rate | 18.8% (CAGR from 2023 to 2030) |
| Largest segment | Dual axis |
| Fastest growing segment | Dual Axis |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Single Axis, Dual Axis |
| Key market players worldwide | Abengoa, ALLETE Inc, Array Technologies Inc Ordinary Shares, Gear Energy Ltd, ReNew Energy Global PLC Ordinary Shares - Class A, SunPower Corp, Titan International Inc |
Other key industry trends
- In terms of revenue, Germany accounted for 5.4% of the global solar tracker market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany solar tracker market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 591.8 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Solar Tracker Market Scope
Solar Tracker Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany solar tracker market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to solar tracker market will help companies and investors design strategic landscapes.
Dual axis was the largest segment with a revenue share of 96.71% in 2023. Horizon Databook has segmented the Germany solar tracker market based on single axis, dual axis covering the revenue growth of each sub-segment from 2018 to 2030.
Germany is recognized as developed economies in the world a is one of the leading markets for solar tracker in Europe. Over the past few years, the country had invested in unconventional power generation technology, to reduce its reliance on conventional sources, such as crude oil, coal and others, to be energy self-sufficient.
Germany’s cumulative installation of solar capacity reached 48.96 GW in 2019. With investments made on large proportions in renewable power generation, the solar power generation market has been growing rapidly over the past few years and is expected to witness further growth over the projected period.
Thus, the growing solar industry in Germany is expected to propel the growth of solar tracker market in Germany. DEGERenergie GmbH and Mecasolar España SL are the major solar tracker manufacturers operating in Germany. While AE Solar, 3G-Solar, AE Solar, and AEET Energy are the major solar panel manufacturers operating in Germany.
Reasons to subscribe to Germany solar tracker market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Germany solar tracker market databook
-
Our clientele includes a mix of solar tracker market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Germany solar tracker market , including forecasts for subscribers. This country databook contains high-level insights into Germany solar tracker market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Germany solar tracker market size, by product, 2018-2030 (US$M)
Germany Solar Tracker Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
