Latin America Solar Tracker Market Size & Outlook
Latin America solar tracker market, 2018-2030 (US$M)
Related Markets
Latin America solar tracker market highlights
- The Latin America solar tracker market generated a revenue of USD 1,379.9 million in 2023.
- The market is expected to grow at a CAGR of 18.3% from 2024 to 2030.
- In terms of segment, single axis was the largest revenue generating product in 2023.
- Single Axis is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,379.9 million |
| Market revenue in 2030 | USD 4,470.6 million |
| Growth rate | 18.3% (CAGR from 2023 to 2030) |
| Largest segment | Single axis |
| Fastest growing segment | Single Axis |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 24.0% of the global solar tracker market in 2023.
- Globally, Latin America is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 2,645.0 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 |
|---|
Latin America 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 53.3% in 2023. Horizon Databook has segmented the Latin America solar tracker market based on single axis, dual axis covering the revenue growth of each sub-segment from 2018 to 2030.
Central & South America is projected to be the second fastest growing regional market over the forecast period. The region is expected to witness significant growth over the next ten years on account of high solar potential in the region, particularly in Brazil, and Chile.
Among these, Chile held the largest market share in 2019, owing to large investments being made by both domestic and foreign parties. The country also witnessed significant growth considering investments being made by U.S. solar companies, due to the country’s favorable climatic conditions.
Reasons to subscribe to Latin America 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 Latin America 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 continent-level data and insights on the Latin America solar tracker market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America solar tracker market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America solar tracker market size, by country, 2018-2030 (US$M)
Latin America 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
