Solar Trackers Market Forecast to Develop and Opportunity at 2023 | AllEarth Renewables, Array Technologies, Energia Ercam, Grupo Clavijo, DEGERenergie, First Solar, Hao, Mecasolar, Soitec, SmartTrak, Mechatron, Powerway Renewable Energy Co. Ltd

Crystal Market Research (CMR) render to you profound details in respect to leading participants, regions, application and type of the Solar Trackers Market which is estimated to encounter substantial growth over the forecast period 2018 - 2023.

Top Key Vendors:
The global market is fairly fused as major five competitors are accountable for around 40% of the global market share. Key companies have initiated the expansion in Asia Pacific region to furnish to the rising demand for alternative energy in this region. The major market participants are AllEarth Renewables, Array Technologies, Energia Ercam, Grupo Clavijo, DEGERenergie, First Solar, Hao, Mecasolar, Soitec, SmartTrak, Mechatron, Powerway Renewable Energy Co. Ltd, Sun Power Corporation and Titan Tracker.

Access complete report: https://www.crystalmarketresearch.com/report/solar-tracker-market .
The global solar trackers market is segmented as follows –

By Technology:

Solar Photovoltaic (PV)
Concentrated Solar Power (CSP)
Concentrated Photovoltaic (CPV)
By Product:

Single axis
Dual axis
By Application:

Utility
Non-utility

Industry Trend Analysis:
In 2014, the Global Solar Trackers Market was evaluated around USD 5.24 billion and is expected to reach approximately USD 24.19 billion by 2023 while registering itself at a compound annual growth rate (CAGR) of 18.53% over the forecast period.

Solar trackers are equipment that assists in escalating the installed payloads efficiency like panels, fresnels, mirrors and parabolic mangers. Solar trackers have the capability to augment the competence of these payloads by over 30%. The market demand is propelled by growing awareness regarding renewable energy and undesirable effects ensuing owing to weather change. The encouraging regulations in emerging countries, as well as actions taken by governments across the globe to trim down dependency on energy generation that ensues in emission, is anticipated to fuel the solar tracker's demand. Growing government emphasis on alternative energy sources has ensued as the progress of solar PV cells since a sustainable and continuous energy production source. The speedy rise in a number of PV installations in Spain has condensed the levelized price of electricity, ensuing in solar PV being competitory with other traditional energy forms.

Sample copy of the report: https://www.crystalmarketresearch.com/report-sample/EM02594 .

Table of Contents:
1.Introduction
2.Executive Summary
3.Market Overview
4.Solar Tracker Market, By Technology
5.Solar Tracker Market, By Product
6.Solar Tracker Market, By Application
7.Solar Tracker Market, By Region
8.Company Profiles
9.Global Solar Tracker Market Competition, by Manufacturer
…

Regional Insights:

North America - U.S, Canada, Mexico

Europe - Germany, France, UK, Italy, Spain, Rest of Europe

Asia-Pacific - Japan, China, Australia, India, South Korea, Rest of Asia Pacific

Rest of the World - Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others

Technology Outlook and Trend Analysis:
In 2015, the photovoltaic technology (PV) was the major segment reporting for around 75% of the overall capacity. The ease of application linked with regular module PV cell technologies due to simple design is expected to drive the demand. Growing electricity cost due to the supply-demand gap is anticipated to boost usage in utility and non-utility applications. Other technologies are concentrated solar power (CSP) and concentrated photovoltaic (CPV). CSP technology is projected to experience a gradual turn down in market share during the forecast years owing to decrease in many installations because of elevated costs involved. Though, since 2004, installed CSP capacity worldwide has amplified tenfold and has been rising at a standard of 30% during the last few years.

Get more information of this report: https://www.crystalmarketresearch.com/send-an-enquiry/EM02594 .

About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customised research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.

Contact Us:
Judy
304 South Jones Blvd, Suite 1896,
Las Vegas NV 89107,
United States
Toll Free: +1-888-213-4282
Email: sales@crystalmarketresearch.com

This release was published on openPR.