Italy Solar Tracker Market Size & Outlook, 2023-2030
Italy solar tracker market, 2018-2030 (US$M)
Related Markets
Italy solar tracker market highlights
- The Italy solar tracker market generated a revenue of USD 251.9 million in 2023 and is expected to reach USD 798.1 million by 2030.
- The Italy market is expected to grow at a CAGR of 17.9% from 2024 to 2030.
- In terms of segment, single 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 251.9 million |
| Market revenue in 2030 | USD 798.1 million |
| Growth rate | 17.9% (CAGR from 2023 to 2030) |
| Largest segment | Single 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, Italy accounted for 4.4% 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.
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Solar Tracker Market Scope
Solar Tracker Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy 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.
Single axis was the largest segment with a revenue share of 51.49% in 2023. Horizon Databook has segmented the Italy solar tracker market based on single axis, dual axis covering the revenue growth of each sub-segment from 2018 to 2030.
Italy is a developed economy and a founding member of European Union. Italy’s solar PV cumulative installed capacity was approximately 20 GW in 2019.
Solar photovoltaic (PV) market is gaining momentum as compared to other forms of renewable energy technologies owing to the strategic geographic location of the country and the various government initiatives such as Conto Energia, (incentive program to produce electricity from solar sources).
Moreover, to promote the solar market in the country, Italian government came up with a couple of large-scale solar projects, which is expected to propel the growth of solar tracker market in Italy.
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Our clientele includes a mix of solar tracker market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy solar tracker market , including forecasts for subscribers. This country databook contains high-level insights into Italy solar tracker market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy solar tracker market size, by product, 2018-2030 (US$M)
Italy Solar Tracker Market Outlook Share, 2023 & 2030 (US$M)
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