Press release
Global Solar Tracker Market 2019, to Grow at 18.21% CAGR, By Top Players: AllEarth Renewables, First Solar, Energia Ercam, Mecasolar, Array Technologies, Grupo Clavijo, Sun Power, and Hao
Global Solar Tracker Market
Global Solar Tracker Market industry valued approximately USD 7.25 billion in 2016 is anticipated to grow with a healthy growth rate of more than 18.21% over the forecast period 2017-2025. Major factors fueling the growth are growing awareness of renewable energy sources, decreasing prices of solar energy, escalating smart cities projects, and continuous innovations being made in solar trackers.
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Industry Insights:
The objective of the study is to define market sizes of different segments & countries in previous years and to forecast the values to the next eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers & restraining factors which will define the future growth of the market. Additionally, it will also incorporate the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Major Players:
Some of the key manufacturers involved in the market are AllEarth Renewables, First Solar, Energia Ercam, Mecasolar, Array Technologies, Grupo Clavijo, Sun Power, and Hao. New product launches, focus on continuous technology innovations, acquisitions, and effective mergers are some of the strategies adopted by the key manufacturers. The companies are also trying to dominate the market by investing in research and development.
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Market Segmentation:
Technology:
• Solar Photo Voltaic
• Concentrated Solar Power
• Concentrated Photo Voltaic
Product:
• Single-Axis
• Dual-Axis
Application:
• Utility
• Non-Utility
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