Solar Tracker Market Report 2019-2029
Forecasts by Technology (Solar Photovoltaic (PV), Concentrated Solar Power (CSP), Concentrated Photovoltaic (CPV)), by Product (Single Axis, Dual Axis), by Application (Utility, Non-Utility), by Type (Active Tracker, Passive Solar Tracker, Chronological Solar Tracker, Single Axis Tracker, Dual Axis Tracker) Plus Leading Company Analysis and Regional and Leading National Market Analysis
This latest report by business intelligence provider Visiongain assesses that Solar Tracker Market spending will reach $2.87 bn in 2019. For the next half century, generating energy from reducing fossil fuels is the greatest challenge. Compared to other renewable sources, the concept of turning solar energy into electricity using photovoltaic panels maintains its position in the front row. But the constant shift in the sun’s relative angle with regard to the earth decreases the solar panel’s watts. Solar tracking scheme is the best option in this context to improve the photovoltaic panel’s effectiveness. Solar trackers move the payload all day long towards the sun. This study reviews various kinds of tracking systems and discusses in detail their pros and cons. The findings presented in this review confirm that, compared to other tracking systems, the azimuth and altitude dual axis monitoring scheme is more effective. However, the single axis monitoring scheme is more viable in terms of price and flexibility than the dual axis tracking scheme. It is therefore critical that you have your timescales correct and your forecasting plans ready. This report will ensure that you do. Visiongain’s report will ensure that you keep informed and ahead of your competitors. Gain that competitive advantage.
Increasing concerns about greenhouse gas & CO2 emissions accompanied by favourable public measures to install photovoltaic cells as a medium for sustainable power generation are anticipated to have a main trend in the sector to have a positive impact on demand. The market size of the utility solar tracker was dominant with a complete installation of over 7.5 GW in 2015 and is expected to develop up to 2029 at over 14.5 percent CAGR. In utility apps, single-axis tracking systems are commonly preferred and are mostly focused in the United States, Germany and Spain.
The fast rise in the use of solar tracker is another factor driving the industry. Solar tracker directing solar panels or modules in the direction of the sun. The single axis and dual axis are the two types of items used for this purpose. As it is comparatively economical and easy to install, the former product type is widely used. Due to the increasing amount of installed capabilities, Europe and North America had important market share in the past years and are anticipated to expand impressively during the prediction. In addition, one of the main drivers of consumer demand in these areas is favourable laws for installing solar trackers.
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The report delivers considerable added value by revealing:
71 tables, charts and graphs are analyzing and revealing the growth prospects and outlook for the Solar Tracker market.
Global Solar Tracker market forecasts and analysis from 2019-2029.
Solar Tracker market provides revenue estimates, forecasts and analysis from 2019-2029 for Solar Tracker submarkets:
Forecasts and analysis of Solar Tracker market by Type between 2019-2029
Active Tracker Market, 2019-2029
Passive Solar Tracker Market, 2019-2029
Chronological Solar Tracker Market, 2019-2029
Single Axis Tracker Market, 2019-2029
Dual Axis Tracker Market, 2019-2029
Other Types Market, 2019-2029
Forecasts and analysis of Solar Tracker market by Technology between 2019-2029
Solar Photovoltaic (PV) Market, 2019-2029
Concentrated Solar Power (CSP) Market, 2019-2029
Concentrated Photovoltaic (CPV) Market, 2019-2029
Other Technology Market, 2019-2029
Forecasts and analysis of Solar Tracker market by Product between 2019-2029
Single Axis Market, 2019-2029
Dual Axis Market, 2019-2029
Other Products Market, 2019-2029
Forecasts and analysis of Solar Tracker market by Application between 2019-2029
Utility Market, 2019-2029
Non-Utility Market, 2019-2029
Other Application Market, 2019-2029
Regional Solar Tracker market forecasts from 2019-2029 with drivers and restraints for the countries including:
Focused regional forecasts and analysis explore the future opportunities:
North America Market, 2019-2029
US Market, 2019-2029
Canada Market, 2019-2029
Europe Market, 2019-2029
The UK Market, 2019-2029
Germany Market, 2019-2029
France Market, 2019-2029
Italy Market, 2019-2029
Spain Market, 2019-2029
Rest of Europe Market, 2019-2029
Asia-Pacific Market, 2019-2029
China Market, 2019-2029
India Market, 2019-2029
Japan Market, 2019-2029
Australia & New Zealand Market, 2019-2029
Rest of Asia-Pacific Market, 2019-2029
LAMEA Market, 2019-2029
Latin America Market, 2019-2029
Middle East Market, 2019-2029
Africa Market, 2019-2029
North America was estimated at 2 GW in 2018 and is forecast to record a 18.4% CAGR by 2029 owing to higher installed capacity and favourable laws. Increasing incentive systems supporting the Italian legislative system are also driving regional development, with the greatest worldwide subsidies for Renewable Energy Sources (RES). It is anticipated that increased demand from the U.S. and Mexico will drive the regional market. Solar PV technology accounted for a substantial share in North America due to increasing technological developments and increased government funding.
Solar Tracker Market Share Insights
Due to low labor and production costs, the major industry players focus on moving their manufacturing bases to the developing markets. In addition, it is anticipated that increasing technological advances aimed at efficient use of materials without disturbing reliability will boost the market in the coming years.
Conclusions and recommendations which will aid decision-making
How will you benefit from this report?
Keep your knowledge base up to speed. Don’t get left behind
Reinforce your strategic decision-making with definitive and reliable market data
Learn how to exploit new technological trends
Realise your company’s full potential within the market
Understand the competitive landscape and identify potential new business opportunities & partnerships
Who should read this report?
Anyone with involvement in the Solar Tracker
Solar Energy operators
Arbitrage companies and divisions
Solar Energy price reporting companies
Solar Energy company managers
Solar Energy consultants
Solar Energy company executives and analysts
Heads of strategic development
Business development managers
Visiongain’s study is intended for anyone requiring commercial analyses for the Solar Tracker market and leading companies. You find data, trends and predictions.
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