Press release
Global Solar Trackers Market Growth factor with key drivers, industry research, regional forecast, top players, key companies and end user analysis by 2025
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Solar tracker is a device that helps in orienting a solar panel or concentrating a solar reflector or lens toward the sun to harness more sunlight. This ensures that the solar modules remain in the correct position to gather maximum energy from the sun. Solar trackers are binded to solar panels to alter their position against the sun throughout the year according to the changes in weather. Solar tracking helps in increasing the efficiency of solar panel.
The increasing investment on renewables and rising installation of solar PV systems will provide traction to the solar PV technology in the solar tracking system market. The demand for the solar PV technology is influenced by the growing population and rising demand for electricity. Utility segment is the primary end-user of solar trackers to increase their efficiency in generating electricity.
The Americas will be the major revenue contributor to the solar tracking system market due to the extensive investments in additional solar capacity and solar installations. The US, Canada, and Brazil are the major contributors in this region, where the increased government support and the declining solar power prices, drive the market’s growth prospects.
The Solar Trackers market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Solar Trackers.
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The following manufacturers are covered in this report:
Arctech
Array Technologies
Convert Italia
First Solar
NEXTracker
Abengoa
AllEarth Renewables
Edisun Microgrids
Exosun
GameChange Solar
Haosolar
Mahindra Susten
Scorpius Trackers
Solar FlexRack
Soltec
Sun Action Trackers
SunLink
SunPower
Solar Trackers Breakdown Data by Type
By Axis
Single Axis Tracker
Dual Axis Tracker
By Drive Types
Active Tracker
Passive Tracker
Solar Trackers Breakdown Data by Application
Utility
Commercial & Industrial
Residential
Solar Trackers Production by Region
United States
Europe
China
Japan
Other Regions
Other Regions
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