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Global Solar Trackers Market Share and Growth (2019 -2025)

03-05-2019 06:54 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: QY Research, INC

Global Solar Trackers Market Share and Growth (2019 -2025)

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.

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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 global Solar Trackers market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.

This report focuses on Solar Trackers volume and value at global level, regional level and company level. From a global perspective, this report represents overall Solar Trackers market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.

At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.

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The following manufacturers are covered:

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

Segment by Type

By Axis

Single Axis Tracker

Dual Axis Tracker

By Drive Types

Active Tracker

Passive Tracker

Segment by Application

Utility

Commercial & Industrial

Residential

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QYResearch is a single destination for all the industry, company and country reports. We feature large repository of latest industry reports, leading and niche company profiles, and market statistics. QYResearch is the comprehensive collection of market intelligence products and services available on air. QYResearch also carries the capability to assist you

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