Press release
Global Solar Tracker Market Key Information By Top Key Player Abengoa, Array Technologies, NEXTracker, SunPower, Mecasolar, GRUPO CLAVIJO, Powerway, SOITEC, Scorpius Trackers, Smarttrak
Solar Tracker Market, Global Solar Tracker Market Size, Solar Tracker Industry, Solar Tracker Market Trends
Paradigm shift from depleting conventional resources toward sustainable electricity generation technologies will drive the global solar tracker market. Furthermore, rising concerns pertaining to GHG emissions coupled with favorable regulatory measures to sustain energy conservation have instituted a favorable business scenario. In 2016, British Columbia enacted the Greenhouse Gas Industrial Reporting and Control Act. The Act lays abiding norms and standards concerning emissions from industries across the region. Solar Tracker Market size will exceed USD 27 billion by 2024, as reported in the latest study report.
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Germany solar tracker market size is set to reach over 1.5 GW by 2024. Government initiatives subject to the replacement of fossil fuels with renewable energy resources will comprehensively augment the business landscape. In 2017, German Regulators introduced the Renewable Energy Act targeting 2.5 GW PV installations annually. Stringent reforms pertaining to the reduction of carbon footprints coupled with advancing product applicability will further complement the solar tracker market outlook.
Rampant decline in component costs in the recent years have led to the fall in overall levelized solar electricity tariff which in turn have instituted a favorable business scenario across the solar tracker market landscape. The levelized cost of energy across the globe has been valued at USD 221.5 /MWh for wind in comparison to that of USD 144.3 /MWh for solar PV installations for the plants entering service by 2018.
National renewable targets abided by the governments across the globe coupled with rising investments from public and private institutions will augment the solar tracker market. Growing consent in line with the integration of an effective energy mix to sustain the growing energy demand will further complement the solar tracker market landscape. Thereby, the existing industrial scenario adhered by rising emissions concern from conventional plants will considerably boost the product demand.
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UAE solar tracker market share is anticipated to gain over 20% by 2024. Escalating investments to sustain optimum resource utilization and establish a sustainable energy mix has integrated a competitive industrial framework.
Asia Pacific solar tracker market is set to witness significant growth subject to the rapid adoption of decentralized generation technologies coupled with the ongoing expansion of off-grid electricity networks. Intervention of financial institutions coupled with government aided funding towards renewable expansion across the region will boost the product penetration. In 2017, Regulators across China declared an investment worth USD 360 Billion to proliferate its expanding renewable energy sector.
Notable players across the solar tracker market include Array Technologies, NEXTracker, SunPower, Mecasolar, Abengoa, GRUPO CLAVIJO, Powerway, SOITEC, Scorpius Trackers, Smarttrak, Wuxi Hao Solar Technology, AllEarth Renewables, Titan Tracker, DEGERenergie, and Grupo Clavijo.
Solar tracker market research report includes in-depth coverage of the industry with estimates & forecast in terms of Volume & Revenue from 2013 to 2024, for the following segments:
Solar Tracker Market, By Technology
• CSP
• PV
• CPV
• LC
• HC
Solar Tracker Market, By Product
• Single Axis
• Horizontal
• Vertical
• Dual Axis
Solar Tracker Market, By Application
• Residential
• Commercial
• Utility
Table of Contents
Chapter 1. Methodology and Scope
Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Market definition & forecast parameters
1.2. Data sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. Solar tracker industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Technology trends
2.1.3. Product trends
2.1.4. Application trends
2.1.5. Regional trends
Chapter 3. Solar Tracker Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.4. Innovation & sustainability
3.5. Technology landscape
3.5.1. Solar Photovoltaic (PV)
3.5.2. Concentrated Photovoltaic (CPV)
3.5.3. Concentrated Solar Power (CSP)
3.6. Regulatory landscape
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