Global Solar Tracker Market Scope, Upcoming Trends, Revenue Growth and Opportunities Forecast to 2025

According to IMARC Group’s research report, titled “Solar Tracker Market Share, Trends, Size, Growth, Opportunity and Forecast 2020-2025”, the global solar tracker market experienced robust growth during 2014-2019. Looking forward, IMARC Group expects the global market to continue its strong growth during the next five years.

Significant growth in the power generation sector is one of the key factors creating a positive outlook for the solar tracker market. This can be attributed to the steadily increasing global population, which, in turn, is increasing the demand for uninterrupted power supply. Moreover, the implementation of green initiatives to reduce carbon emissions is supporting the market growth of solar trackers. Other factors, such as the utilization of solar power as a commercial energy source for both residential areas and industrial plants, are propelling the demand for solar trackers further.

A solar tracker is a device that is used to get additional sunlight by directing the solar panel or a reflector toward the sun. These are positioned perpendicular to sunrays due to which less light is reflected, and maximum energy is captured, which is then converted into power. All solar equipment are installed with trackers as they offer greater levels of renewable energy output. There are two types of solar trackers, namely single axis and dual axis trackers.

Get a PDF sample of this report for more detailed market insights: https://www.imarcgroup.com/solar-tracker-market/requestsample

Solar Tracker Market 2020-2025 Competitive Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the solar tracker market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Arctech Solar Holding Co. Ltd.

• Array Technologies Inc.

• Convert Italia SpA (Valmont Industries Inc.)

• DEGER energie GmbH & Co KG

• First Solar Inc.

• Nextracker Inc. (Flex Ltd.)

• Powerway Renewable Energy Co. (SinoTech Power Group)

• Soltec Energias Renovables S.L.

• Sunpower Corporation (Total S.A.)

The report has segmented the global solar tracker market on the basis of type, tracking type, technology, application and region.

Breakup by Type:

• Active Solar Tracker

• Passive Solar Tracker

Breakup by Tracking Type:

• Single Axis Tracking

o HSAT (Horizontal Single Axis Trackers)   

o VSAT (Vertical Single Axis Trackers)

o TSAT (Titled Single Axis Trackers)

o PSAT (Polar Aligned Single Axis Trackers)

• Dual Axis Tracking

o TTDAT (Tip-Tilt Dual Axis Trackers)  

o AADAT (Azimuth-Altitude Dual Axis Trackers)

Breakup by Technology:

• Solar Photovoltaic (PV)

• Concentrated Solar Power (CSP)

• Concentrated Photovoltaic (CPV)

Breakup by Application:

• Utility Sector

• Residential Sector

• Commercial Sector

Breakup by Region:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

Explore full report with table of contents: https://www.imarcgroup.com/solar-tracker-market

Key highlights of the report:

• Market Performance (2014-2019) 

• Market Outlook (2020- 2025)

• Market Trends

• Market Drivers and Success Factors

• The Impact of COVID-19 on the Global Market

• Value Chain Analysis

• Structure of the Global Market

• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Browse Related Reports:

Global Civil Aerospace Simulation Training Market Report

Global Self Checkout Systems Market

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

30 N Gould St, Ste R

Sheridan, WY 82801, USA

Email: sales@imarcgroup.com

USA: +1-631-791-1145

Follow us on twitter: @imarcglobal

Comments

Post a Comment

Popular posts from this blog

Gas Compressors Market Size, Trends & Growth With Top Companies Analysis by 2025

Image
According to the new report by IMARC Group, titled “ Gas Compressors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025 ”, the global gas compressors market grew at a CAGR of 7% during 2014-2019. Looking forward, IMARC Group expects the global market to continue its moderate growth during the next five years. Gas compressors are mechanical devices used to increase the static pressure of a gas by decreasing the volume. Two commonly used gas compressors are positive displacement and dynamic gas compressors. Positive displacement compressors comprise rotary and reciprocating variants that compress the gas by confining it in a closed space and increasing the pressure. Whereas the dynamic compressor employs a centrifugal and axial compressor that compresses the gas through the mechanical impellers or rotating vanes. These compressors are used for gases, such as ethylene, fluorine, argon, etc. As a result, they find numerous applications in manufacturing
Read more

Dairy Alternatives Market Size, Companies Share, Future Trends, Scope and Growth by 2025

Image
 According to IMARC Group’s latest report, titled “ Dairy Alternatives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025 ”, the global dairy alternatives market reached a value of US$ 16.5 Billion in 2019. Looking forward, IMARC Group expects the global market to continue its moderate growth during 2020-2025. Dairy alternatives are dairy-free food and beverage products that are sourced from plants. They are gaining widespread popularity among the masses as the preferred alternative for conventional animal-based milk and milk products. Widely obtained from soy, rice, oats, almond, cashew and coconut, these products are characterized by a similar taste and texture to the traditional dairy products. They are rich in iron, iodine, zinc, calcium, riboflavin, vitamins, minerals, magnesium and potassium with low levels of fat and calories. Consequently, their regular consumption offers numerous health benefits, including repairing damaged cells, maintain
Read more

Automotive Differential Market Analysis by Industry Trends, Demand and Competitive Landscape 2023-2028

IMARC Group has recently released a new research study titled “ Automotive Differential Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ”, offers a detailed analysis of the global automotive differential market demand , drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. The market size reached US$ 20.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 28.0 Billion by 2028, exhibiting a growth rate (CAGR) of 5.69% during 2023-2028. An automotive differential is a mechanical device designed to distribute torque or power between the wheels of an automobile. Its primary purpose is to enable smooth and controlled turning of the vehicle by allowing the wheels to rotate at varying speeds while maintaining traction. This critical component ensures that the inner and outer wheels of a vehicle's axle can rotate at different rates when navigatin
Read more