Solar
Trackers Market Research Report (2017-2022) Provides In-Depth Analysis by
Scope, Growth Rate, Driving Factors, Competitive Situation, Top Manufacturers
and Upcoming Trends. Solar Trackers Market report split global into several key
Regions which mainly includes Market Overview, Table of Content, List of
Figures and Applications. Solar Trackers Market Growing at Higher CAGR Rate of
XX% between 2017-2022.
Global solar tracker market is
segmented on the basis of technology, product, type, application and geography.
Solar trackers are devices that increase the energy production and lowers
levelized cost of electricity. They are designed to harness maximum amount of
solar energy by aligning payloads orientation towards sun.
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Trackers help to generate more
energy as mirrors or solar panels are fully exposed to sunlight. At present,
novel designs are developed to track the movement of the sun in a more
efficient manner instead of using existing active and passive trackers
available.Rising demand for sustainable green energy generated by renewable
resources such as solar power has significantly grown due to rise in global
warming. Position of Solar tracker device is the solar panel towards the sun.
There is a growing demand for PV systems, which in turn is driving the demand
for solar trackers. The rising demand of solar PV in commercial and residential
organization is the key driver of the global solar tracker market.
Increased cost of electricity
on account of depleting non-renewable sources is expected to boost the market
for PV installation systems in households plus commercial applications. Solar
tracker is widely used in the various application areas like utility and
non-utility. Government incentive schemes and Feed-in-tariffs (FIT) is
anticipated to fuel the market growth in the coming years. On the basis of
technology, the global solar tracker industry is segmented into solar
photovoltaic (PV), concentrated photovoltaic (CPV), concentrated solar power
(CSP) and so on. On the basis of product, the global solar tracker market is
segmented into single axis and dual axis.
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U.S. solar tracker industry
share was over 4 GW and is predicted to witness substantiate growth due to
various financial supports and incentives introduced by government to encourage
deployment of renewable technologies. For Europe, Germany solar tracker
industry share was accounted for 9 % of regional volume and will witness
considerable growth owing to involvement of various energy policies including
certification programs for RES-H installation and rising awareness regarding
benefits of solar systems. In Germany, market premium scheme support the
electricity generated from renewable resource.
Increasing electricity demand
coupled with growing infrastructure development will drive the China solar
tracker market share during the forecast period. Growing investment to generate
clean fuel electricity will further complement the regional business growth.The
global key players in solar tracker industry are All Earth Solar, First Solar, Deger,
Haosolar Co. Ltd., Mecasolar Espana SL, Abengoa Solar S.A., AllEarth
Renewables, Array Technologies Inc., DEGERenergie GmbH & Co. KG, Energia
Ercam, Powerway Renewable Energy Co. Ltd., Mechatron, SunPower Corporation,
Titan Tracker SL, SmartTrak Solar Systems Pvt. Ltd., Soitec, CM Tracker and
Optimum Tracker.
And Continue………….
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