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Solar Tracker Market 2019: Industry Analysis & Thriving Its Growing over 2025

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Global Solar Tracker Market, by product (Single Axis and Dual Axis), by technology [Photovoltaic (PV), Concentrated Photovoltaic (CPV) and Concentrated solar power (CSP)] by application (Utility and Non-Utility) and by region (North America, Europe,
Adroit Market Research
Global Solar Tracker Market Size
By Product (Single Axis and Dual Axis), By Technology
[Photovoltaic (PV), Concentrated Photovoltaic (CPV) and
Concentrated solar power (CSP)] By Application (Utility and
Non-Utility) and By Region (North America, Europe, South
America, Asia Pacific and Middle East & Africa)
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Solar Tracker Market Size and Forecast 2018-2025
• The Study includes global solar tracker market size till 2025 along with company summaries which include company
overview, product offering, and recent developments and financial overview.
• The global solar tracker market size is expected to reach to 39GW capacity by the end of 2025. Increasing awareness about
sustainable & renewable sources of energy coupled with numerous government initiatives and demand & supply gap, a
worldwide power shift to solar energy is underway driving the growth of the global solar tracker market during the
forecast period.
• A single axis solar tracker system is a method wherein the solar panel tracks the sunlight from east to west along a single
pivot point to rotate. Horizontal, vertical and tilted single axis are the different types of single axis solar tracker.
• In the photovoltaic solar tracker system, the tracker will be serving in minimizing the angle of incidence between the
sunlight and the panel which increases the amount of energy the installation generates.
• Utility accounted to more than 80% share in the global solar tracker market. Rising demand coupled with increasing cost of
electricity, utility are now shifting to renewable sources such as solar energy are projected to surge the demand for solar
trackers.
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Solar Tracker Market Size and Forecast 2018-2025
• These developments have increased consumer inclination as they now have to pay for only the services they want. An
analysis of the above factors has led us to believe that the global Solar Tracker market is poised to grow substantially
over the next few years.
• The global solar tracker market is dominated by players such as Array Technologies Inc., Arctech Solar, Soltec Renewable
SL and NEXTracker Inc.
• Other players associated with the global solar tracker market are Convert Italia SpA, Soltec, Mahindra Susten, SunPower
Corporation, GameChange Solar and First Solar.
• The aim to the partnership was to cut down time required for shipment of steel tubes and piers which form the
backbone of the solar tracker system by sourcing them locally.
• Increasing awareness about sustainable & renewable sources of energy coupled with numerous government initiatives
and demand & supply gap, a worldwide power shift to solar energy is underway driving the growth of the global solar
tracker market during the forecast period.
• To gain maximum efficiency, orientation of the system with respect to tracker axis is most important and dual axis have
showed increased power output ratios as it shows two degree of freedom that acts on axes of rotation.
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Key segments of the global Solar Tracker market
• Product Overview, 2012-2025 (Mw units)
• Single axis
• Dual axis
• Technology Overview, 2012-2025 (Mw units)
• Photovoltaic (PV)
• Concentrated photovoltaic (CPV)
• Concentrated solar power (CSP)
• Application Overview , 2012-2025 (Mw units)
• Utility
• Non-Utility
• Regional Overview, 2015-2025 (USD Million) (Tons): North America, Europe, Asia Pacific, South America, Middle East & Africa.
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Adroit Market Research is an India-based business analytics and consulting company. Our
target audience is a wide range of corporations, manufacturing companies, product/technology
development institutions and industry associations that require understanding of a market’s
size, key trends, participants and future outlook of an industry. We intend to become our
clients’ knowledge partner and provide them with valuable market insights to help create
opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At
our core, we are curious people who love to identify and understand industry patterns, create
an insightful study around our findings and churn out money-making roadmaps. Our analysts
have tracked high growth markets in chemicals & materials, healthcare & pharmaceuticals,
semiconductor & electronics, energy & power, food & retail, consumer goods, technology, and
machinery & equipment sectors across the world to identify new opportunities, potential
customers, prepare go-to-market (GTM) strategies, identify segments for revenue growth for
companies, and many more.
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