HTF MI recently introduced Global PV Tracking Bracket Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2030). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Array Technologies (United States), Arctech Solar (China), Soltec (United States), Trina Solar (China), FTC Solar (United States), Valmont Industries, Inc. (United States), GameChange Solar (United States), Gibraltar Industries (United States), Ideematec.
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According to HTF Market Intelligence, the Global PV Tracking Bracket market is expected to grow from USD 0.8 Billion in 2023 to USD 1.5 Billion by 2030, with a CAGR of 10% from 2024 to 2030.
Definition:
A PV tracking bracket is a type of structural support system that enables photovoltaic (PV) panels to follow the course of the sun all day long. The tracking system maximizes the solar panels’ angle. In comparison to PV, this aids in capturing the most sunlight and boosts energy output. Systems with Fixed Tilt – Tracking brackets come in two primary varieties: one that rotates on a single axis in sync with the sun’s east-west movement, and the other that adjusts on both the horizontal and vertical axes. Strong materials that can survive the environment are typically used in PV tracking cell design to ensure stability and longevity. These devices are essential for optimizing a solar installation’s efficiency, particularly in large-scale solar farms and commercial settings where energy
Market Trends:
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Market Drivers:
- Increasing demand for renewable energy solutions and government incentives promoting solar energy adoption
Market Opportunities:
- Growing interest in smart and automated tracking systems that enhance efficiency and performance in solar installations.
Dominating Region:
- Asia-Pacific
Fastest-Growing Region:
- Asia-Pacific
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The titled segments and sub-section of the market are illuminated below:
In-depth analysis of PV Tracking Bracket market segments by Types: Single-Axis Trackers, Dual-Axis Trackers
Detailed analysis of PV Tracking Bracket market segments by Applications: Residential, Commercial, Utility-Scale
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
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PV Tracking Bracket Market Research Objectives:
– Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
– To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
– To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
– To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
– To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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Points Covered in Table of Content of Global PV Tracking Bracket Market:
Chapter 01 – PV Tracking Bracket Executive Summary
Chapter 02 – Market Overview
Chapter 03 – Key Success Factors
Chapter 04 – Global PV Tracking Bracket Market – Pricing Analysis
Chapter 05 – Global PV Tracking Bracket Market Background or History
Chapter 06 — Global PV Tracking Bracket Market Segmentation (e.g. Type, Application)
Chapter 07 – Key and Emerging Countries Analysis Worldwide PV Tracking Bracket Market
Chapter 08 – Global PV Tracking Bracket Market Structure & worth Analysis
Chapter 09 – Global PV Tracking Bracket Market Competitive Analysis & Challenges
Chapter 10 – Assumptions and Acronyms
Chapter 11 – PV Tracking Bracket Market Research Methodology
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