05 July 2023: ArcelorMittal SA declared that CHAR Technologies has been chosen as the winner of its inaugural XCarb Accelerator Programme, gaining a USD 5 million investment through ArcelorMittal’s XCarb. Innovation Fund. ArcelorMittal initiated the XCarb Accelerator Programme in mid-2022. The program – a search for the best organizations and brightest innovative technologies that hold the possibility to increase the decarbonization of the steel industry – accomplished an extremely positive reaction, with over 90 start-ups from five varied continents delivering applications across seven specific technology domains.
8th January 2024: Arctech Solar Holding Co Ltd, the world's foremost solar tracking, racking, and BIPV solutions provider, came into a strategic cooperation deal with Alpon Energy in Istanbul, Turkey. This prosperous deal marks the growth of Arctech’s impression in Turkey.
Author Credits: Payel Roy, Dhruv Bhatia
Report ID: 5556
Published Date: Jan 22, 2024
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The installation of solar PVs across the world will majorly drive the market growth of the single axis solar PV tracker market.
The market size of the single axis solar PV tracker market is expected to get a CAGR of approximately 19% over the forecast period, i.e., 2024-2036.
The major players in the market are All Earth Renewables, ArcelorMittal SA, Arctech Solar Holding Co Ltd, Array Technologies Inc., First Solar Inc., GameChange Solar, Gensol Engineering Ltd., Grupo Gransolar SL, Hanwha Corp., Haosolar Co. Ltd., Japan Renewable Energy Co., Ltd, Canadian Solar Inc., JinkoSolar Holding Co. Ltd, Trina Solar Co., Ltd.
The utility segment is anticipated to reap the largest market size with almost 57% by the end of 2036 and demonstrate substantial growth scopes.
The market in the European region is expected to have the largest market share by the end of 2036 and provide more business opportunities in the future.