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MEA Solar Tracker Market to Reach US$308.7 mn by 2019 owing to Rising Energy Demand

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Transparency Market Research has published a new report on the Middle East and Africa solar tracker market. The rising energy demand and the growing use of renewable sources of energy to generate power are the major factors driving the MEA market, s
Transparency Market
Research
Solar Tracker Market for Solar PV, CPV, CSP Technology in Utility and Non Utility Applications Middle East and Africa Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2019
Published Date
2014-04-30
67Page Report
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Press Release
MEA Solar Tracker Market is Expected to Reach USD 308.7
Million in 2019: Transparency Market Research
Transparency Market Research
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90, State Street, Suite 700.
Albany, NY 12207
United States
www.transparencymarketresearch.com
[email protected]
Solar Tracker Market
REPORT DESCRIPTION
According to a new market report published by Transparency Market Research "Solar Tracker (Single Axis
and Dual Axis) Market for Solar PV, CPV, CSP Technology in Utility and Non Utility Applications -Middle East
and Africa (MEA)Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2019," MEA solar
tracker market was valued at USD 58.7 million in 2012 and is expected to reach 308.7 million in 2019,
growing at a CAGR of 31.9% from 2013 to 2019.
Browse MEA Solar Tracker Market Report with Full TOC at
http://www.transparencymarketresearch.com/mea-solar-tracker-market.html
Unbalanced nature of energy demand accompanied by the fluctuating fuel prices is expected to bolster
growth in MEA solar tracker market. Furthermore, increase in the efficiency of solar panels by the use of
solar tracker is expected to augment the overall market growth. Government incentives schemes primarily
structured for renewable sources of energy coupled with feed-in-tariff are likely to bolster the overall
product demand. Key challenges faced by the market participants include high initialization cost and the
impacts of harsh weather on the solar trackers are expected to curb market growth. However, growing
development and product innovation is hopeful to overcome these challenges.
Key application analyzed in this market includes utility solar tracker and non-utility solar tracker. Utility
solar tracker held a significant share in the overall market followed by the non-utility solar tracker
application in 2012. Growing popularity of solar tracker is expected to boost the product demand over the
forecast period. In terms of volume, the utility solar tracker application market is likely to grow at a CAGR
27.04% from 2013 to 2019.
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UAE dominated MEA solar tracker market in 2012, accounting for more than 84% market share in 2012.
Rising demand for solar trackers attributed to overall market growth. South Africa and Saudi Arabia are
expected to witness a surge in solar tracker market owing to increasing competition across the entire value
chain resulting in the decline in the cost of solar PV. Key players in the market include Amonix,
BrightSource Energy Inc., First Solar, Mecasolar, Soitec SA, SunEdison, SunPower Corporation, and Yingli
Solar. The report provides an overview of these companies followed by their financial revenue, business
strategies, and recent developments. The research analyzes and estimates the performance and market of
solar tracker systems in the global scenario, providing detailed trend analysis of the market by geography
and comprehensive analysis of companies that are dealing in solar tracker systems. The report presents a
thorough assessment of the strategies followed by different stakeholders by segmenting the solar tracker
market as below:
MEA Solar Tracker Market: Application Analysis
Utility
Non-utility
MEA Solar Tracker Market: Product Segment Analysis
Single Axis
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Solar Tracker Market
Dual Axis
MEA Solar Tracker Market: Application Analysis
Solar PV
CPV
CSP
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Table of Content
Chapter 1 Preface
1.1 Report description
1.2 Market segmentation
1.3 Research scope
1.4 Research methodology
Chapter 2 Executive Summary
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Solar Tracker Market
Chapter 3 MEA Solar Tracker - Industry Analysis
3.1 Introduction
3.2 Value chain analysis
3.3 Market Drivers
3.3.1 Rising energy demand supplemented by fluctuating fuel oil prices
3.3.2 Tracking systems boosting efficiency of solar cells
3.3.3 Government incentive schemes and Feed-in-tariffs (FIT)
3.4 Porter’s Five Forces Analysis
3.4.1 Bargaining power of suppliers
3.4.2 Bargaining power of buyers
3.4.3 Threat of substitutes
3.4.4 Threat of new entrants
3.4.5 Degree of competition
3.5 Restraints
3.5.1 Capital Intensive Technology & Harsh Weather
3.6 Opportunities
3.6.1 Various energy programs
3.7 MEA Solar tracker: Market attractiveness analysis, by technology, 2012
Chapter 4 MEA Solar Tracker Market – Technology Analysis
4.1 MEA Solar Tracker Market: Technology Overview
4.1.1 Middle East solar trackers market, annual installation share, by technology, 2012 and 2019
4.2 Solar Photovoltaic (Solar PV)
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4.2.1 MEA solar PV annual installations, 2012– 2019 (MW)
4.3 Concentrated Photovoltaic (CPV)
4.3.1 MEA concentrated photovoltaic (CPV) trackers annual installations, 2012– 2019 (MW)
4.4 Concentrated Solar Power (CSP)
4.4.1 MEA concentrated solar power (CSP) trackers annual installation, 2012– 2019 (MW)
Chapter 5 MEA Solar Tracker Market – Product Segment Analysis
5.1 MEA Solar Tracker Market: Product Segment Overview
5.1.1 MEA solar tracker market, annual installation share, by product, 2012 and 2019
5.2 Single Axis
5.2.1 MEA single axis tracker market estimates and forecast, 2012– 2019 (MW)
5.3 Dual Axis
5.3.1 MEA dual axis tracker market estimates and forecast, 2012– 2019 (MW)
Chapter 6 MEA Solar Tracker Market – Application Analysis
6.1 MEA Solar Tracker Market: Application Overview
6.1.1 MEA solar trackers market, annual installation share, by application, 2012 and 2019
6.2 Utility Application
6.2.1 MEA utility application trackers annual installations, 2012– 2019 (MW)
6.3 Non-utility Application
6.3.1 MEA non-utility application trackers annual installations, 2012– 2019 (MW)
Chapter 7 MEA Solar Tracker Market – Regional Analysis
7.1 MEA Solar Tracker Market: Regional overview
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7.1.1 MEA solar tracker annual installation, by region, 2012& 2019
7.2 South Africa
7.2.1 South Africa solar tracker annual installed capacity, by technology, 2012 - 2019, (MW)
7.2.2 South Africa solar tracker market, by product, 2012 – 2019 (MW)
7.2.3 South Africa solar tracker market, by product, 2012 – 2019 (USD Million)
7.2.4 South Africa solar tracker annual installed capacity, by application, 2012 - 2019, (MW)
7.3 Saudi Arabia
7.3.1 Saudi Arabia solar tracker annual installed capacity, by technology, 2012 - 2019, (MW)
7.3.2 Saudi Arabia solar tracker annual installed capacity, by product, 2012 – 2019 (MW)
7.3.3 Saudi Arabia solar tracker market, by product, 2012 – 2019 (USD Million)
7.3.4 Saudi Arabia solar tracker annual installed capacity, by application, 2012 - 2019, (MW)
7.4 UAE
7.4.1 UAE solar tracker annual installed capacity, by technology, 2012 - 2019, (MW)
7.4.2 UAE solar tracker annual installed capacity, by product, 2012 – 2019 (MW)
7.4.3 UAE solar tracker market, by product, 2012 – 2019 (USD Million)
7.4.4 UAE solar tracker annual installed capacity, by application, 2012 - 2019, (MW)
Chapter 8 Company Profiles
8.1 SunPower Corporation
8.1.1 Company Overview
8.1.2 Financial Overview
8.1.3 Product Portfolio
8.1.4 Business Strategy
8.1.5 SWOT Analysis
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Solar Tracker Market
8.1.6 Recent Developments
8.2 SunEdison
8.2.1 Company Overview
8.2.2 Financial Overview
8.2.3 Product Portfolio
8.2.4 Business Strategy
8.2.5 SWOT Analysis
8.3 Soitec SA
8.3.1 Company overview
8.3.2 Financial Overview
8.3.3 Business strategy
8.3.4 SWOT analysis
8.3.5 Recent Developments
8.4 First Solar
8.4.1 Company Overview
8.4.2 Financial Overview
8.4.3 Business Strategy
8.4.4 SWOT Analysis
8.4.5 Recent Developments
8.5 Yingli Solar
8.5.1 Company Overview
8.5.2 Financial Overview
8.5.3 Product Portfolio
8.5.4 Business Strategy
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8.5.5 SWOT Analysis
8.6 Amonix Inc.
8.6.1 Company Overview
8.6.2 Product Portfolio
8.6.3 Business Strategy
8.6.4 SWOT Analysis
8.7 BrightSource Energy Inc.
8.7.1 Company Overview
8.7.2 Business Strategy
8.7.3 SWOT Analysis
8.7.4 Recent Developments
8.8 Mecasolar
8.8.1 Company Overview
8.8.2 Product Portfolio
8.8.3 Business Strategy
8.8.4 SWOT Analysis
List of Figures
FIG. 1 Solar tracker: Market segmentation
FIG. 2 MEA solar tracker annual installed capacity, 2012 – 2019 (MW)
FIG. 3 Value chain analysis of MEA solar trackers market
FIG. 4 Prices of fuel oil in Dubai, 2009 – 2020 (USD per barrel)
FIG. 5 Oil Consumption in the Middle East and Africa, 2009 – 2020 (Million Tons)
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FIG. 6 Solar trackers market: Porter’s five forces analysis
FIG. 7 Solar trackers: Market attractiveness analysis, by technology, 2012
FIG. 8 Middle East solar trackers market, annual installation share by technology, 2012 and 2019
FIG. 9 MEA annual installed capacity for solar PV trackers, 2012 - 2019 (MW)
FIG. 10 MEA annual installed capacity for concentrated photovoltaic (CPV) trackers, 2012 - 2019 (MW)
FIG. 11 MEA annual installed capacity for concentrated solar power (CSP) trackers, 2012 - 2019 (MW)
FIG. 12 MEA solar tracker market, annual installation share by product, 2012 and 2019
FIG. 13 MEA annual installed capacity for single axis trackers, 2012 - 2019 (MW)
FIG. 14 MEA annual installed capacity for dual axis tracker, 2012 - 2019 (MW)
FIG. 15 MEA solar trackers market, annual installation share by application, 2012 and 2019
FIG. 16 MEA annual installed capacity for utility application trackers, 2012 - 2019 (MW)
FIG. 17 MEA annual installed capacity for non-utility application trackers, 2012 - 2019 (MW)
FIG. 18 MEA solar tracker annual installation, by region, 2012 & 2019
FIG. 19 South Africa solar tracker annual installed capacity, by technology, 2012 - 2019 (MW)
FIG. 20 Saudi Arabia solar tracker annual installed capacity, by technology, 2012 - 2019 (MW)
FIG. 21 UAE solar tracker annual installed capacity, by technology, 2012 - 2019 (MW)
List of Tables
TABLE 1 MEA solar tracker installation market snapshot
TABLE 2 Drivers for MEA solar tracker market: Impact analysis
TABLE 3 South Africa solar tracker annual installed capacity, by technology, 2012 – 2019, (MW)
TABLE 4 South Africa solar tracker annual installed capacity, by product, 2012 – 2019, (MW)
TABLE 5 South Africa solar tracker market, by product, 2012 – 2019, (USD Million)
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TABLE 6 South Africa solar tracker annual installed capacity, by application, 2012 – 2019, (MW)
TABLE 7 Saudi Arabia solar tracker annual installed capacity, by technology, 2012 – 2019, (MW)
TABLE 8 Saudi Arabia solar tracker annual installed capacity, by product, 2012 – 2019, (MW)
TABLE 9 Saudi Arabia solar tracker market, by product, 2012 – 2019, (USD Million)
TABLE 10 Saudi Arabia solar tracker annual installed capacity, by application, 2012 – 2019, (MW)
TABLE 11 UAE solar tracker annual installed capacity, by technology, 2012 – 2019, (MW)
TABLE 12 UAE solar tracker annual installed capacity, by product, 2012 – 2019, (MW)
TABLE 13 UAE solar tracker market, by product, 2012 – 2019, (USD Million)
TABLE 14 UAE solar tracker annual installed capacity, by application, 2012 – 2019, (MW)
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