Japan Solar Tracker Market Size & Outlook, 2023-2030
Japan solar tracker market, 2018-2030 (US$M)
Related Markets
Japan solar tracker market highlights
- The Japan solar tracker market generated a revenue of USD 97.0 million in 2023 and is expected to reach USD 358.1 million by 2030.
- The Japan market is expected to grow at a CAGR of 20.5% 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 97.0 million |
| Market revenue in 2030 | USD 358.1 million |
| Growth rate | 20.5% (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, Japan accounted for 1.7% 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 Asia Pacific, India solar tracker market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,599.0 million by 2030.
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Solar Tracker Market Scope
Solar Tracker Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan 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 51.96% in 2023. Horizon Databook has segmented the Japan solar tracker market based on single axis, dual axis covering the revenue growth of each sub-segment from 2018 to 2030.
Japan is recognized as a developed and technologically advanced economy. Following the Fukushima nuclear disaster in 2011, Japan has significantly invested in solar power generation as the next best alternative for power generation.
While many physicians have been developing a floating nuclear power plant, the country had already launched a few floating solar power stations. Along with China and U.S., Japan is also one of the largest solar power generating economy and the country is expected to invest even more in unconventional energy sources over the forecast period.
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Target buyers of Japan solar tracker market databook
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Our clientele includes a mix of solar tracker market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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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 Japan solar tracker market , including forecasts for subscribers. This country databook contains high-level insights into Japan solar tracker market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Japan solar tracker market size, by product, 2018-2030 (US$M)
Japan Solar Tracker Market Outlook Share, 2023 & 2030 (US$M)
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