Paradigm shift from depleting conventional resources toward sustainable electricity generation technologies will drive the global solar tracker market. Furthermore, rising concerns pertaining to GHG emissions coupled with favorable regulatory measures to sustain energy conservation have instituted a favorable business scenario.
In 2016, British Columbia enacted the Greenhouse Gas Industrial Reporting and Control Act. The Act lays abiding norms and standards concerning emissions from industries across the region.
Solar Tracker Market size will exceed USD 27 billion by Market Size Forecasters research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability.
UAE solar tracker market share is anticipated to gain over 20% by 2024. Escalating investments to sustain optimum resource utilization and establish a sustainable energy mix has integrated a competitive industrial framework. Low LCOE’s subject to Independent Power Project bids and EPC programs across Middle East will positively stimulate the product deployment.
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Germany solar tracker market size is set to reach over 1.5 GW by 2024. Government initiatives subject to the replacement of fossil fuels with renewable energy resources will comprehensively augment the business landscape. In 2017, German Regulators introduced the Renewable Energy Act targeting 2.5 GW PV installations annually. Stringent reforms pertaining to the reduction of carbon footprints coupled with advancing product applicability will further complement the solar tracker market outlook.
Rampant decline in component costs in the recent years have led to the fall in overall levelized solar electricity tariff which in turn have instituted a favorable business scenario across the solar tracker market landscape.
Rapid adoption of economies of scale by manufacturers coupled with high-end technological enhancements to develop cost effective and efficient products will foster the solar tracker market growth. The levelized cost of energy across the globe has been valued at USD 221.5 /MWh for wind in comparison to that of USD 144.3 /MWh for solar PV installations for the plants entering service by 2018.
Notable players across the solar tracker market include Array Technologies, NEXTracker, SunPower, Mecasolar, Abengoa, GRUPO CLAVIJO, Powerway, SOITEC, Scorpius Trackers, Smarttrak, Wuxi Hao Solar Technology, AllEarth Renewables, Titan Tracker, DEGERenergie, and Grupo Clavijo.
Solar Tracker Market, By Technology
CSP, PV, CPV, LC, HC
Solar Tracker Market, By Product
Single Axis, Horizontal, Vertical, Dual Axis
Solar Tracker Market, By Application
Residential, Commercial, Utility
North America, U.S, Canada, Europe, Germany, UK, France, Italy, Spain, Poland, Russia, Asia Pacific, China, India, Japan, South Korea, Malaysia Indonesia, Thailand, Latin America, Brazil, Mexico, Argentina, Middle East & Africa Saudi, Arabia, UAE, Iran, Iraq, Egypt, South Africa
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Featured Table of Content for This Report:
TABLE 1. Global Solar Tracker industry 360° synopsis, 2013 – 2024
TABLE 2. Global Solar Tracker market estimates & forecast, 2013 – 2024, (Million Units) (USD Million)
TABLE 3. Global Solar Tracker market estimates & forecast by product, 2013 – 2024 (Million Units)
TABLE 4. Global Solar Tracker market estimates & forecast by product, 2013 – 2024 (USD Million)
TABLE 5. Global Solar Tracker market estimates & forecast by fabric, 2013 – 2024 (Million Units)
TABLE 6. Global Solar Tracker market estimates & forecast by fabric, 2013 – 2024 (USD Million)
TABLE 7. Global Solar Tracker market estimates & forecast by pile depth, 2013 – 2024 (Million Units)
TABLE 8. Global Solar Tracker market estimates & forecast by pile depth, 2013 – 2024 (USD Million)
TABLE 9. Global Solar Tracker market estimates & forecast by application, 2013 – 2024 (Million Units)
TABLE 10. Global Solar Tracker market estimates & forecast by application, 2013 – 2024 (USD Million)
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