Solar PV Tracker Market Detailed Study Analysis with Forecast by 2025

Press Release

A solar photovoltaic (PV) tracker is a device that orients solar panels or heliostats toward the Sun. A solar PV tracker is used in solar panels, heliostats, and parabolic troughs to align them in such a position toward the sun so as to collect solar energy in the most optimal angle, thereby increasing the efficiency of PV systems. Fixed-mounted solar panels may lose their efficiency when the Sun passes to the less than optimal angle. A solar tracker system tracks the position of the Sun and moves solar panels such that they align accurately with the position of the Sun.

The increasing investment on renewables and rising installation of solar PV systems will provide traction to the solar PV technology in the solar tracking system market. The demand for the solar PV technology is influenced by the growing population and rising demand for electricity. Utility segment is the primary end-user of solar PV trackers to increase their efficiency in generating electricity.

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The Americas will be the major revenue contributor to the solar tracking system market due to the extensive investments in additional solar capacity and solar installations. The US, Canada, and Brazil are the major contributors in this region, where the increased government support and the declining solar power prices, drive the markets growth prospects.

The global Solar PV Tracker market was valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.

This report focuses on Solar PV Tracker volume and value at global level, regional level and company level. From a global perspective, this report represents overall Solar PV Tracker market size by analyzing historical data and future prospect.

Regionally, this report categorizes the production, apparent consumption, export and import of Solar PV Tracker in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their Solar PV Tracker manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.

The following manufacturers are covered:
Arctech
Array Technologies
Convert Italia
First Solar
NEXTracker
Abengoa
AllEarth Renewables
Edisun Microgrids
Exosun
GameChange Solar
Haosolar
Mahindra Susten
Scorpius Trackers
Solar FlexRack
Soltec
Sun Action Trackers
SunLink
SunPower

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Segment by Regions
North America
Europe
China
Japan
Southeast Asia
India

Segment by Type
By Axis
Single Axis Tracker
Dual Axis Tracker

By Drive Types
Active Tracker
Passive Tracker

Segment by Application
Utility
Commercial & Industrial
Residential

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This post was originally published on Analytics News