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Solar Tracker Market Size, Share and Trends 2026

Apr 2nd 2020 at 1:16 AM

This Solar Tracker market intelligence study curates an exhaustive database of industrial essentials for formulating favorable strategies. A thorough investigation of the value chain and the distribution channel is provided in this study by business professionals. The xyz Market study offers detailed information pertaining to the extent and application of the market, which helps better understand the global sector.

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Key participants include

Abengoa Solar, S.A., Titan Tracker SL, Wuxi Hao Solar Technology Co. Ltd., Array Technologies, Inc., AllEarth Renewables, Inc., Mechatron S.A., SunPower Corporation, DEGERenergie , GmbH Grupo Clavijo Elt SL, SmartTrak Solar Systems Pvt. Ltd., Energia Ercam SL, Mecasolar España SL, First Solar, Inc., Powerway Renewable Energy Co., Ltd., Soitec, Optimum Tracker and CM Tracker.

Product Outlook (Volume, MW; and Revenue, USD Million; 2016-2026)

  • Single axis
  • Dual axis

Technology Outlook (Volume, MW; and Revenue, USD Million; 2016-2026)

  • Solar Photovoltaic (PV)
  • Concentrated Solar Power (CSP)
  • Concentrated Photovoltaic (CPV)

Application Outlook (Volume, MW; and Revenue, USD Million; 2016-2026)

  • Utility
  • Non-Utility

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Further key findings from the report suggest

  • The global Solar Tracker Market is growing at a rapid speed owing to the enhanced concern about renewable sources of energy and severe climate changes across the globe.
  • Need for sustainable green energy generated by renewable resources such as solar power has grown significantly due to global warming. Solar power is produced through the sun’s radiation that falls upon solar panels. A solar tracker is a device employed to place a solar panel towards the sun. The tracking of the sun is done accurately by the systems of single axis and dual axis.
  • Single axis trackers account for the largest market share of 54.81% in 2018 and are the dominant product segment of the global market. The increasing usage of single axis trackers for commercial and residential applications is expected to boost market demand.
  • Many organizations have started installing dual axis trackers over their buildings to obtain higher efficiency for the secure solar energy facilities. These products rotate through both: x and y-axis, hence they help in generating 8% to 10% more energy than single-axis trackers. The soaring land requirement, modern technology, and the necessity to maintain motors & control systems are expected to raise O&M expenditure.
  • The dual-axis tracker of the product segment is anticipated to grow with the highest rate of 15.2% during the forecast period, as major companies have started installing dual axis trackers due to their efficiency and accuracy…Continued

Aims of the study:

-To curate a concise report of the market, highlighting the key vendors and significant changes observed in the market.

-Examine the existing and emergent trends and promising technological innovations in the market.

-Assessment of market values, modelled values, and international trade values, to deduce the market volume.

-Offered research-backed insights for the parent market, cost analysis, and prevailing industry trends.

-Calculate capacity utilization rate.

To identify the key trends in the industry, click on the link below:

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