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Global Solar Tracker Market Demand Analysis By Top Key Players Like Wuxi Hao Solar Technology Co. Ltd., Scorpius Trackers, All Earth Renewables, Inc., Titan Tracker, SunPower Corporation, Powerway Renewable Energy Co.

10-14-2018 04:04 PM CET | Energy & Environment

Press release from: Polaris Market Research & Consulting

Global Solar Tracker Market Demand Analysis By Top Key Players

The global solar tracker market is expected to gain traction due to increased adoption of solar panels and demand of renewable energy sources. Solar tracker is a device used to follow the movement of the sun’s rotation from the east to the west on a daily basis. The trackers keep the orientation of solar panels directly towards the direction of the sun to increase the energy output. Solar trackers alter their orientation throughout the day in accordance to the sun’s path to maximize energy capture. These trackers enable photovoltaic systems to minimize the angle of incidence between the incoming light and the panel to improve the amount of energy produced.

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Solar trackers increase the amount of solar energy received by the solar panels, thereby enhancing the energy output. Use of solar trackers improves the output of solar panels by 20-30%. Solar trackers are primarily used for ground-mounted solar panels and large, free-standing solar installations. The different types of solar trackers include single-axis tracker, and dual-axis tracker. A single-axis tracker traverses on one axis of movement and is generally aligned with north and south. A dual-axis tracker enables panels to move on two axes, aligned both north-south and an east-west. This tracker maximizes solar energy collection throughout the year.

Increasing demand for renewable energy sources and government initiatives boosts the Solar Tracker market

The growing demand for renewable energy sources, and increasing awareness regarding the use of clean energy is expected to drive the market. Governments across the globe are investing significantly towards the development of renewable sources such as solar energy. Governments also offer incentives and schemes for construction of buildings integrated with solar technologies. Other factors driving the growth of this market include less maintenance and low operating costs. Technological advancements, and growing demand from emerging economies is expected to accelerate the adoption of solar trackers worldwide.

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However, high initial cost hampers the growth of the global market.

Global Solar Tracker Market Taxonomy

The global Solar Tracker market is segmented on the basis of type, application, and geography.

By Type
• Single Axis Solar Tracker
• Dual Axis Solar Tracker
By Application
• Residential
• Commercial
• Utility.

Geographically, the global Solar Tracker market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The rising use of solar trackers in the commercial sector and presence of established market players boost the growth in Europe

On the basis of geography, Europe is expected to dominate the global market over forecast period. The dominance of Europe in the global solar tracker market is owing to growing initiatives by governments, and rising awareness regarding use of renewable energy sources. The increasing demand for solar trackers from countries such as UK, Germany, and France supports market growth in the region. Presence of leading players in the region, along with increasing use of solar panels in commercial sector would support market growth during the forecast period.

Complete Report is Available at @ https://www.polarismarketresearch.com/industry-analysis/global-solar-tracker-market/

Key players in the global Solar Tracker Market are
Array Technologies, Inc. ,Abengoa Solar, Wuxi Hao Solar Technology Co. Ltd., Scorpius Trackers, All Earth Renewables, Inc., Titan Tracker, SunPower Corporation, Powerway Renewable Energy Co., Ltd., Nextracker, Sun Action Trackers, Soltec, Arctech, Convert Italia, GameChange Solar, First Solar, Inc., Grupo Clavijo Elt SL, DEGERenergie GmbH, Mecasolar España SL.

About us Polaris Market Research

Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.

We mainly focus on aiding our customers with substantial competitive intelligence, helping them to secure a competitive advantage in the market and accomplish sustainable growth in different market domains. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. Through dedicated qualitative and quantitative primary and secondary market research and consulting assignments, we adeptly formulate competitive strategies to address business challenges for our clients through analyzing market trends and emerging technologies.

Contact us-

Mr. Neel
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com

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