Global Solar Automatic Tracking System Market: Market Size & Forecasting (2016-2028)

Energy is an important aspect of the growth and development of any nation. As there has been increased consumption of non-renewable energy sources resulting in its depletion, renewable energy sources are now being harnessed. Solar energy is one of the renewable sources, which is available in abundance. A solar tracker is a device that orients solar panels in the direction of the sun. The trackers are used to mount panels that convert solar energy to electricity.

This solar automatic tracking system market has been segmented on the basis of product type and application. On the basis of product type, the solar automatic tracking system market has been divided into a single axis and dual axis. The single-axis segment has been further segmented into horizontal, vertical, and tilted. The horizontal single-axis tracker is used in tropical regions, which are low latitude regions. The vertical tracker is used in high latitude regions. Any intermediate region makes use of tilted single-axis trackers.

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The dual-axis solar tracking system is more efficient, as it follows the sun for direct contact. However, these systems are expensive as compared to single-axis trackers. Based on application, the market has been segmented into automotive, aerospace, and others.The initial high cost of the installation of these trackers can hinder the market growth.

The upcoming report from Quince Market Insights focuses on these key impact factors influencing the market, along with identifying major segments and companies operating in the market. The study is designed to provide a holistic view with a broad scope covering every possible segment influencing the demand for solar automatic tracking system market.

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Market Segmentation:
By Product Type:
-Single Axis
-Horizontal
-Vertical
-Tilted
-Dual Axis
-By Application:
-Automotive
-Aerospace
-Others 


This upcoming study will be published shortly with a focus on key stakeholders in the market. Regions covered in the study include North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World.

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Major Companies Operating in the Market:

-Abengoa Solar
-Mecasolar
-Ercam
-AllEarth Renewables
-Smart Trak
-Array Technologies
-Titan tracker
-DEGERenergie
-SubPower

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About Quince Market Insights:

Quince Market Insights is a global market research and consulting company publishing syndicate studies as well as consulting assignments pertaining to market opportunities that promise high growth in the future. The company also provides information on different research practices such as competitive analysis, product mapping, value chain analysis, etc., assisting clients in strategic decision-making.

This release was published on openPR.