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Stock impact report

Solar Tracker for Power Generation Global Market Report 2024, Featuring NEXTracker, Array Technologies, PV Hardware Solutions, Arctech Solar Holding Co. and Soltec Power Holdings [Yahoo! F...

Array Technologies, Inc. (ARRY) 
Last array technologies, inc. earnings: 5/7 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
The solar tracker for power generation market size has grown strongly in recent years, from $6.75 billion in 2023 to $7.41 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth observed can be attributed to several factors, including improved energy yield from solar installations, cost reductions associated with solar technologies, growing environmental awareness, incentive programs supporting renewable energy adoption, and a focus on achieving energy independence. The solar tracker for power generation market size is expected to see strong growth in the next few years, reaching $10.71 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The anticipated growth in the forecast period can be attributed to factors such as advanced tracking technologies, the continued expansion of global solar installations, the integration of energy storage, ongoing efficiency improvements in solar technology, and the emergence of new solar markets. Major trends exp Show less Read more
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