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Solar Tracker Market On Track to Reach USD 25.32 Billion by 2032 with 14.4% CAGR

05-10-2024 08:16 AM CET | Energy & Environment

Press release from: Polaris Market Research & Consulting

Solar Tracker Market

Solar Tracker Market

๐–๐ข๐ญ๐ก ๐š ๐œ๐จ๐ฆ๐ฉ๐จ๐ฎ๐ง๐ ๐š๐ง๐ง๐ฎ๐š๐ฅ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐ซ๐š๐ญ๐ž (๐‚๐€๐†๐‘) ๐จ๐Ÿ 14.4%, ๐ญ๐ก๐ž ๐ ๐ฅ๐จ๐›๐š๐ฅ ๐ฌ๐จ๐ฅ๐š๐ซ ๐ญ๐ซ๐š๐œ๐ค๐ž๐ซ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ฌ ๐ž๐ฑ๐ฉ๐ž๐œ๐ญ๐ž๐ ๐ญ๐จ ๐ซ๐ž๐š๐œ๐ก ๐š ๐ฏ๐š๐ฅ๐ฎ๐ž ๐จ๐Ÿ ๐จ๐ฏ๐ž๐ซ ๐”๐’๐ƒ 25.32 ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐›๐ฒ 2032 ๐Ÿ๐ซ๐จ๐ฆ ๐š๐ง ๐ž๐ฌ๐ญ๐ข๐ฆ๐š๐ญ๐ž๐ ๐”๐’๐ƒ 6.58 ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง 2022.

The solar tracker adapts to the supervision so that the solar panel is always set as per the location of the sun. Exceptionally, by regulating the panels perpendicular to the sun, additional sunlight falls on them. As less light is mirrored in this way, the panel pins down a substantial amount of solar energy. The tapered angle of incidence will be the escalated energy a solar PV panel can make. The most approved petition of solar tracker is placing solar photovoltaic panels perpendicular to the sun. Also it is handy in placing space telescopes.

๐†๐ž๐ญ ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐š๐ ๐ž๐ฌ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/global-solar-tracker-market/request-for-sample

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐…๐š๐œ๐ญ๐จ๐ซ๐ฌ :
โ€ข The growing concentration on green and clean energy is pushing the market growth. This includes growing consciousness about environmental pollution. A significant surge in the aggregate number of solar panel installations globally is one notable reason for fuelling the market's growth.

โ€ข Firms are concentrating on making progressive technology-dependent commodities due to the escalating industrial demand for modern technology for tracing motives. Manufacturing firms engage in several organic and inorganic augmentation schemes to dilate the geographic penetration and product line.

๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐จ๐ง ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ :
Firms are concentrating on advancing progressive technology dependent commodities due to escalating industrial demands for tracing reasons. Some of the current players in the solar tracker market are:
โ€ข Abengoa Solar S.A.
โ€ข AllEarth Renewables
โ€ข Array Technologies Inc.
โ€ข DEGERenergie GmbH & Co. KG
โ€ข Nclave
โ€ข Powerway Renewable Energy Co. Ltd.
โ€ข Soltec Tracker
โ€ข SunPower Corporation
โ€ข Titan Tracker
โ€ข Trina Solar Limited

๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐“๐ก๐ข๐ฌ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ: https://www.polarismarketresearch.com/buy/1984/2

๐†๐ฅ๐จ๐›๐š๐ฅ ๐’๐จ๐ฅ๐š๐ซ ๐“๐ซ๐š๐œ๐ค๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ :
โ€ข Solar trackers contribute to improved solar cell efficiency. Over the anticipated period, rising solar photovoltaic demand across several geographies is anticipated to fuel market expansion.

โ€ข Long-term demand for solar trackers is anticipated to be driven by rising solar PV installation rates during the projection period.

โ€ข Single-axis tracker is expected to dominate the market owing to low operating costs, simple to set-up, and less expensive than dual-axis tracker.

โ€ข The utility segment is anticipated to grow at the fastest rate during the forecast period due to the rising demand for renewable energy sources.

โ€ข Asia-Pacific will hold the largest market share due to rising off-grid power use and strict rules meant to cut back on traditional power generation.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐“๐ก๐ž ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‚๐จ๐ฆ๐ฉ๐ซ๐ž๐ก๐ž๐ง๐ฌ๐ข๐ฏ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ž๐ซ๐ž: https://www.polarismarketresearch.com/industry-analysis/global-solar-tracker-market

๐†๐ž๐จ๐ ๐ซ๐š๐ฉ๐ก๐ข๐œ๐š๐ฅ ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž :
The report covers Europe, North America, Asia Pacific, the Middle East and Africa, and Latin America. According to a study, Asia Pacific is fuelled by escalating off-grid power usage and stringent regulations intended to curtail conventional power generation. Moreover, due to climate change and the acquisition of renewable energy in the nation's energy supply, the North American region is anticipated to expand at the fastest rate during the research period, with an optimum compound annual growth rate.

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง :
โ€ข ๐๐ฒ ๐“๐ฒ๐ฉ๐ž
o Single Axis Solar Tracker
o Dual Axis Solar Tracker

โ€ข ๐๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง
o Residential
o Commercial
o Utility

๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:
๐‘ฉ๐’Š๐’-๐’๐’–๐’ƒ๐’“๐’Š๐’„๐’‚๐’๐’•๐’” ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• : https://www.polarismarketresearch.com/industry-analysis/bio-lubricants-market
๐‘ฝ๐’‚๐’‘๐’๐’“ ๐‘น๐’†๐’„๐’๐’—๐’†๐’“๐’š ๐‘ผ๐’๐’Š๐’•๐’” ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• : https://www.polarismarketresearch.com/industry-analysis/vapor-recovery-units-market
๐‘ฎ๐’“๐’†๐’†๐’ ๐‘ฏ๐’š๐’…๐’“๐’๐’ˆ๐’†๐’ ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• : https://www.polarismarketresearch.com/industry-analysis/green-hydrogen-market
๐‘ถ๐’„๐’†๐’‚๐’ ๐‘ท๐’๐’˜๐’†๐’“ ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• : https://www.polarismarketresearch.com/industry-analysis/ocean-power-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ :

Likhil G
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Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com
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๐€๐›๐จ๐ฎ๐ญ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก :

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

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