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Solar Tracker Market -Analysis of Market Future Trends and Technological Improvements By 2026
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In terms of technological outlook, the solar tracker market has been divided into three major solar power technologies: solar photovoltaic (PV), concentrated photovoltaic (CPV), and concentrated solar power (CSP). Photovoltaic system employs solar panels, which include a number of cells that often contain silicon. This photovoltaic material (silicon) then converts solar radiations into electric current.
Concentrated photovoltaic power generation also uses silicon as PV. On CPV panels the radiations from the sun are concentrated upon a photovoltaic material using lenses. For successful installation of the CPV panel, it must be facing the sun. In CSP the solar radiations are concentrated on a small surface which gets heated. The heat from this surface then gets converted into energy with the help of either a sterling engine or a fluid. In terms of application, the solar tracker market has been segmented into utility and non-utility applications
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The global solar tracker market is highly competitive, with the presence of well-established market players. Key players operating in the solar tracker market are Haosolar Co. Ltd., Abengoa Solar S.A., AllEarth Renewables, Array Technologies, Inc., DEGERenergie GmbH & Co. KG, Energia Ercam, Powerway Renewable Energy Co. Ltd., Mechatron, SunPower Corporation, Titan Tracker SL, SmartTrak Solar Systems Pvt. Ltd, Mecasolar España SL, First Solar, Soitec, CM Tracker, and Optimum Tracker.
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