Global Solar Tracker Installation Market Overview:
A solar tracker is a device that directs and moves photovoltaic panels, reflectors or modules toward the sun. These gadgets change their direction to pursue the sun's rays to increase energy capture. Solar tracker installation market growth is driven by supportive government regulations that are surging the installment of solar panels.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Off-grid Electricity Demand
Market Growth Drivers:
Growth in Demand for Renewable Energy and Boost in the Demand for Solar Energy from Emerging Economies
Challenges:
Lack of Awareness among Consumers
Restraints:
The Requirement of Huge Investments
Opportunities:
Rising Government Initiatives and Programs and Increasing Investment toward Research & Development Activities
Competitive Landscape:
Some of the key players profiled in the report are Abengoa SE (Spain), First Solar, Inc. (United States), Tata Power Solar Systems Limited (India), Trina Solar Co. Ltd. (China), BrightSource Energy, Inc. (United States), Siemens AG (Germany), PVHardware (Spain), Arctech Solar Holding Co., Ltd. (China), NEXTracker (United States) and Scorpius Trackers Pvt. Ltd.(India). Analyst at AMA Research see United States and India Manufacturers to retain maximum share of Global Solar Tracker Installation market by 2027.
Latest Market Insights:
In Dec 2019, First Solar, Inc. announced that a partnership composed of EDP Renewables and ConnectGen has completed the acquisition of three projects with a total nameplate design of 278 megawatts (MW)AC in the United States. First Solar previously disclosed that the sale of these projects was subject to certain conditions precedent for closing that have since been satisfied.
In Sept 2019, NEXTracker introduced a new member of its smart single-axis solar tracker family—NX GeminiTM. The next-generation two-module-in-portrait (2P) tracker is optimized for customer sites with hard soils, challenging terrain, irregular parcel shapes, and high-wind requirements.
What Can be Explored with the Solar Tracker Installation Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Solar Tracker Installation Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Solar Tracker Installation
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Solar Tracker Installation market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Solar Tracker Installation market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Solar Tracker Installation Providers, Potential Investors, Solar Panel Providers, Research and Development Firm and Government Firm.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.