Global Solar Tracker Installation Market is expected to reach $428.88 billion by 2027 growing at a CAGR 13.1% during 2018 to 2027.

Jun 5, 2020

Some of the key players in Solar Tracker Installation Market include Abengoa SE, Arctech Solar, BrightSource Energy, Inc, First Solar, Inc, NEXTracker, PV Hardware, Scorpius Trackers, Siemens AG, Tata Power Solar Systems Limited, and Trina Solar Co Ltd.

Gaithersburg, Maryland, United States - June 6, 2020 /MarketersMedia/ —

Some of the key factors propelling the market growth are increase in installation of solar panels and growing awareness among people regarding clean energy. However high maintenance cost is the restraining factor for the growth of the market.

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Solar tracking is the known process of generating power from sunlight. Solar tracker is a device that directs the mirrors of heliostat, solar panels, and Fresnel reflectors toward the sun. These existing solar trackers are used to capture the maximum solar energy throughout the day and increase solar panel output and efficiency.

By type, the dual axis segment is expected to grow at the significant market share during the forecast period due to the growing use of dual-axis trackers in Concentrated Solar Power (CSP) applications. CSP application utilizes dual axis tracking for achieving maximum sunlight to drive devices using high power.

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On the basis of geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to the increase in government investment in R&D of satellite technology for civil and military uses in the region. As activity-related to CSP is expected to rise, it is predicted that the demand for solar trackers will increase in the region.

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Types Covered:
• Dual Axis
• Single Axis

End Users Covered:
• Commercial
• Industrial
• Residential

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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Source URL: https://marketersmedia.com/global-solar-tracker-installation-market-is-expected-to-reach-42888-billion-by-2027-growing-at-a-cagr-131-during-2018-to-2027/88961329

Source: MarketersMedia

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