Global Solar Tracker Market Size, Trends, Competitive Analysis & Growth Outlook to 2030

A solar tracking system is a specific device intended to move the PV modules in such a way that they continuously face the sun with the aim of maximizing the irradiation received by the PV array. A solar tracking system is composed of three well-differentiated components: the mechanism, the driving motors, and the tracking controller. The key trend identified in the market is the use of the tracking system in the non-standard sites which can be highly suitable for solar installation. Using floating ground mounts technology in which tracker is placed on a gravel pan that can be filled with a variety of materials, this type of land can be useful for installing large-scale solar sites.

Get a sample copy of this report: https://www.psmarketresearch.com/market-analysis/solar-tracker-market/report-sample

The study provides the detailed study of the solar tracker market for the period 2014–2030. The major countries covered for the analysis are the U.S., Canada, France, Germany, the U.K., Italy, Spain, Japan, China, India, South Korea, Brazil, Argentina, Saudi Arabia, and South Africa.

Solar tracker is available in two formats single axis- and dual axis- solar tracker. Single axis solar tracker moves solar panels on one axis of movement, usually aligned with north and south. These setups allow panels to arc from east to west and track the sun as it rises and sets while dual-axis tracker allows the panels to move on two axes, aligned both north-south and an east-west. This type of system is designed to maximize the solar energy collection throughout the year. But single axis solar tracker finds large application in utility projects due low no constraint of tight space and low cost of installation compare to dual axis solar tracker.

Explore the report with detailed TOC: https://www.psmarketresearch.com/market-analysis/solar-tracker-market

Solar tracker can be used with residential, commercial, and in utility solar panels but utility widely use solar tracker because solar tracker requires large area which is only possible in large grounded solar projects. Further, solar trackers are often use in in large projects, typically over 1 megawatt (MW) because for commercial-scale solar arrays, the long-term benefit of increased production over time is enough to make the initial cost and maintenance fees worth it.

North America is a prominent region for the solar tracker market owing to rapidly declining panel costs along with the implementation of stringent environmental regulations to reduce the carbon emission level generated by non-renewable sources. Moreover, APAC is also holding considerable share in the market mainly due to China because of rapid adoption of solar panel in the country in last few years.

Make enquiry before purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=solar-tracker-market

Solar Tracker Market Competitive Landscape

Some of the major companies operating in the global solar tracker market are NEXTracker Inc., Array Technologies Inc, Trina Solar Limited, Soltec, AllEarth Renewables, PV Hardware, Arctech Solar Holding Co. Ltd., Valmont Industries Inc., Powerway Renewable Energy Co. Ltd., Haosolar Co. Ltd., and SunPower Corporation.

Solar Tracker Market Size Breakdown by Segment

Based on Type

Single Axis
Dual Axis
Based on Application

Residential
Commercial
Utility
Geographical Analysis

North America
U.S.
Canada
Europe
U.K.
Germany
France
Italy
Spain
Asia-Pacific (APAC)
China
Japan
India
South Korea
Latin America (LATAM)
Brazil
Argentina
Middle East and Africa (MEA)
South Africa
South Arabia

P&S Intelligence
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

This release was published on openPR.