Solar Tracker Market Outlook 2020 to 2025 With Global Leading Players - NEXTracker, Inc, SunPower Corporation, Abengoa, NCLAVE, SOITEC, SmartTrak Solar Systems, AllEarth Renewables, Inc.

Global solar tracker market is anticipated to accumulate commendable proceeds over the forecast spell owing to emerging concerns pertaining to changes in climate condition. These changes have given rise to numerous government mandates encouraging the adoption of solar energy systems to cater to the growing demand for electricity due to rapid commercialization and urbanization, in turn boost industry demand.

Additionally, many regulatory norms regarding the mitigation of carbon emissions and specific emphasis on efficient and sustainable energy consumption are likely to add impetus to solar tracker market growth in the coming years.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
o NEXTracker, Inc
o SunPower Corporation
o Abengoa
o NCLAVE
o SOITEC
o SmartTrak Solar Systems
o AllEarth Renewables, Inc.

Several targets for sustainable energy have been put forth by governments worldwide in order to proliferate the implementation of photovoltaic (PV) generation systems, thereby fueling solar tracker market dynamics.

Moreover, industry demand is further bolstered by the product's beneficial characteristics including reduction in energy costs and high CUF. As per estimates from credible sources, global solar tracker installations are expected to surpass 30GW by 2025.

Solar modules are generally fixed at an optimum angle over the course of a year according to their specific latitude, that can oscillate by 30� depending on the position of the sun. While fixing PV modules at an optimum angle generates an enhancement rate of 15% as opposed to laying them flat, trackers are designed to adapt to the changing weather conditions and the daily changing positions of the sun. This parameter, in particular, has caused an increased deployment of trackers for utilities, thereby leading to a profound change of dynamics in solar tracker market share from the utility sector. Subject to the vital determinant of improved yield being directly proportional to improved efficiency, utility-scale solar installations are being mounted on tracking systems on a surprisingly mammoth scale, thereby creating a favorable growth path for utility-scale solar tracker market.

NEXTracker, one of most popular solar tracker market giants, apparently leaves no stone unturned when it comes to experimenting with product differentiation tactics. For instance, the company, while already having made it to the headlines several times since the onset of 2017, for a plethora of commendable accomplishments, had recently announced the launch of TrueCapture(TM) - a rather intelligent, self-adjusting tracker system designed for solar power plants. This innovation is equipped with a technology that consistently amends the tracking algorithm of every single solar array pertaining to the site in question and the fluctuating climatic conditions. The product is touted to bring about a substantial transformation in solar tracker market, subject to the fact that it delivers energy gains between 2% to 6%, enabling developers to augment solar power plant performance.

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The dramatic rise in solar power system performance and reduced costs of major solar power equipment are the key determinants that will enable the extensive deployment of solar trackers in the utility domain. The expenditure on residential and commercial projects is another factor that will substantially contribute toward the overall solar tracker industry share. Judging by the amount of spending on utility development projects and the contribution of major companies and government bodies toward this business space, it would seem as though solar tracker market is certainly positioned to emerge as one of most remunerative fraternities in the years to come.

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