Solar Tracker Market Gaining Traction from Government Initiatives for Renewable and Clean Energy


Published Date : Apr 04, 2017

ALBANY, New York, April 4, 2017 – A new report has been added to the repository of MarketResearchReport.biz, titled “Global Solar Tracker (Single Axis And Dual Axis) Market Research Report 2021.” The report studies the demand for both the leading solar tracker products, single axis and dual axis, across the world with added emphasis on Europe, North America, Japan, China, India, and Southeast Asia. The report also profiles a number of key players in the global solar tracker market, and estimates the scenario of the market until 2021.

The report observes that solar trackers are capable of increasing nearly 30% efficiency of installed payloads such as panels, mirrors, parabolic troughs, and fresnels. With the depleting natural resources of energy, the awareness pertaining to the benefits of renewable energy is escalating, which is the primary driver in the global market for solar tracker. Along the similar lines, the growing knowledge of the adverse effects of other harmful energy sources is augmenting the demand for clean energy. Several governments across the world are offering incentives to invest in solar energy and regulating policies against carbon emission. This is another important factor that is expected to drive the demand in the global market for single axis and dual axis solar trackers. The development of PV cells are a sustainable and continuous source of energy, and the rapid escalating number of PV installations to maintain the cost of electricity is another favorable factor for this market.

By product, the report finds that the growing usage of single axis solar trackers for residential and commercial applications is favorable for the market, but many major companies are adopting dual axis trackers too as they are more efficient and accurate. Dual axis solar trackers rotate both x and y-axis, which helps them generate nearly 10% more energy than single axis solar trackers.

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The report analyzes the potential of the market for both the products in the regions of North America, Europe, China, Japan, India, and Southeast Asia. Europe currently is the most profitable region for solar tracker, primarily driven by Spain and Germany owing to the presence of a large number of manufacturers and strategic geographic location of the region with maximum amount of sunlight in the Europe. The report identifies major clients for each of the product segments and studies the growth prospects until 2021.

According to the report, the global solar tracker market is quite consolidated in nature with leading players holding nearly half of the shares, and are expanding primarily in Asia Pacific region to increase their geographical presence. The report explores the market shares, sales, price, and revenue of a number of key manufacturers including Array Technologies, SunPower, First Solar, BIG SUN ENERGY TECHNOLOGY, ERCAM, NEXTracker, DH Solar, Exosun, Meca Solar, PROINSO, Martifer Solar, AllEarth Renewables, Vorks Energy, LORENTZ, Solaria, LDK Solar, Trabant Solar, Sat control, Suntrack, JA Solar, and Yingli Solar.

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