The global solar tracker installation was valued at $162.7 billion in 2018, and is projected to reach $379.2 billion by 2025, growing at a CAGR of 11.1% from 2019 to 2026. Solar tracking is the process of generating power from sunlight. A solar tracker is the device that directs solar panels, mirrors of heliostat, and Fresnel reflectors toward the sun. These solar trackers are used to capture the maximum solar energy throughout the day and increase solar panel output and efficiency. The global solar market is driven by increase in energy demand worldwide. Solar trackers can increase the output of solar panels by 25% to 35% compared to modules at fixed angle.
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First Solar Inc.
Tata Power Solar Systems Limited
Trina Solar Co. Ltd.
The factors such as environmental pollution, rise in prices of fuels, and growth in awareness among people regarding clean energy are expected to drive the growth of the global solar tracker installation. However, solar tracker installation high maintenance requirement, high cost compared to stationary counterparts, and complex system than fixed racking are expected to restrain the global solar tracker installation growth. The global solar tracker installation is yet to explore its full potential. Therefore, rise in government initiatives, decrease in complexity in design, and ongoing researches in solar tracker are anticipated to offer growth opportunities for the growth of the solar tracker installation market.
Key segmentation of the solar tracker installation market is done based on type, application, and region. By type the global solar tracker is divided into single axis tracker and double axis tracker. On the basis of application, it is classified into residential, commercial, and industrial. Region wise, the global solar tracker installation is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY MARKET SEGMENTS
– Single axis
– Dual axis
By End-use Industry
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Table of Contents
Solar Tracker Installation Market Research Report 2020 – 2026
Chapter 1 Open Source Intelligence (OSINT) Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Solar Tracker Installation Market Forecast