| Product Code: ETC6169382 | Publication Date: Sep 2024 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Armenia single-axis solar tracker market witnessed a significant increase in imports from 2020 to 2024. The compound annual growth rate (CAGR) for this period was 54.94%. In 2023-2024, the year-on-year growth rate was 8.72%, indicating a steady rise in imports during that specific year.
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1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia Single-Axis Solar Tracker Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Single-Axis Solar Tracker Market Revenues & Volume, 2022 & 2032F |
3.3 Armenia Single-Axis Solar Tracker Market - Industry Life Cycle |
3.4 Armenia Single-Axis Solar Tracker Market - Porter's Five Forces |
3.5 Armenia Single-Axis Solar Tracker Market Revenues & Volume Share, By Product Type, 2022 & 2032F |
3.6 Armenia Single-Axis Solar Tracker Market Revenues & Volume Share, By Axis Rotation, 2022 & 2032F |
3.7 Armenia Single-Axis Solar Tracker Market Revenues & Volume Share, By Application, 2022 & 2032F |
4 Armenia Single-Axis Solar Tracker Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government support and incentives for renewable energy projects in Armenia |
4.2.2 Growing awareness and adoption of solar energy solutions in the region |
4.2.3 Rising electricity prices and the need for cost-effective energy solutions |
4.3 Market Restraints |
4.3.1 High initial installation costs of single-axis solar trackers |
4.3.2 Limited availability of skilled workforce for installation and maintenance of solar tracker systems |
4.3.3 Intermittent sunlight and weather conditions affecting the efficiency of solar trackers in Armenia |
5 Armenia Single-Axis Solar Tracker Market Trends |
6 Armenia Single-Axis Solar Tracker Market, By Types |
6.1 Armenia Single-Axis Solar Tracker Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Armenia Single-Axis Solar Tracker Market Revenues & Volume, By Product Type, 2022-2032F |
6.1.3 Armenia Single-Axis Solar Tracker Market Revenues & Volume, By Photovoltaic (PV) Trackers, 2022-2032F |
6.1.4 Armenia Single-Axis Solar Tracker Market Revenues & Volume, By Concentrated Solar Power (CSP) Trackers, 2022-2032F |
6.2 Armenia Single-Axis Solar Tracker Market, By Axis Rotation |
6.2.1 Overview and Analysis |
6.2.2 Armenia Single-Axis Solar Tracker Market Revenues & Volume, By Horizontal Single-Axis Trackers, 2022-2032F |
6.2.3 Armenia Single-Axis Solar Tracker Market Revenues & Volume, By Vertical Single-Axis Trackers, 2022-2032F |
6.3 Armenia Single-Axis Solar Tracker Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Armenia Single-Axis Solar Tracker Market Revenues & Volume, By Residential, 2022-2032F |
6.3.3 Armenia Single-Axis Solar Tracker Market Revenues & Volume, By Commercial, 2022-2032F |
6.3.4 Armenia Single-Axis Solar Tracker Market Revenues & Volume, By Utility-Scale, 2022-2032F |
7 Armenia Single-Axis Solar Tracker Market Import-Export Trade Statistics |
7.1 Armenia Single-Axis Solar Tracker Market Export to Major Countries |
7.2 Armenia Single-Axis Solar Tracker Market Imports from Major Countries |
8 Armenia Single-Axis Solar Tracker Market Key Performance Indicators |
8.1 Average daily sunlight exposure in Armenia |
8.2 Number of new solar energy projects initiated in the region |
8.3 Percentage increase in the adoption of single-axis solar tracker technology |
9 Armenia Single-Axis Solar Tracker Market - Opportunity Assessment |
9.1 Armenia Single-Axis Solar Tracker Market Opportunity Assessment, By Product Type, 2022 & 2032F |
9.2 Armenia Single-Axis Solar Tracker Market Opportunity Assessment, By Axis Rotation, 2022 & 2032F |
9.3 Armenia Single-Axis Solar Tracker Market Opportunity Assessment, By Application, 2022 & 2032F |
10 Armenia Single-Axis Solar Tracker Market - Competitive Landscape |
10.1 Armenia Single-Axis Solar Tracker Market Revenue Share, By Companies, 2025 |
10.2 Armenia Single-Axis Solar Tracker Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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