About Horizontal Single Axis Solar Tracker
Solar trackers are used to increasing the energy from solar receivers and solar panels. These trackers increase solar energy by following the movement of the sun. They're used to keep solar panels leaning directly facing the sun. Solar trackers increase the quantity of solar energy and also increases the energy of electricity or heat that is solar energy. Solar trackers change their direction all through the day to follow the sun’s path to maximize energy capture. Numerous prospects exist for designing solar trackers. 2 generally used configurations are single-axis solar tracker and dual-axis solar tracker. Single-axis solar tracker is less complicated to make and follows the sun with no variations within the angle. Dual-axis solar trackers follow the sun from East to West and from North to South. Greater energy efficiency is accomplished efficient manner. Even so, star chase effectiveness will fluctuate hugely in numerous geographic locations or with close temperature and wind speed. A horizontal single-axis solar tracker (HSAT) enhances the generation potential of the solar setup. This tracker design has been commercial, achieving important grip within the horizontal single-axis solar tracker (HSAT) market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 19.0% |
Companies are focusing on launching advanced services to strengthen their position and expand their customer base in the market. They are also investing in research and development operations and concentrating on providing customized services. The rise in demand for horizontal single-axis solar trackers (HSAT) is estimated to create lucrative opportunities for market players in the next few years. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Horizontal Single Axis Solar Tracker market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Soltec (Spain), SunPower Corporation (United States), SunEdison (United States), Soitec SA (France) and Solar FlexRack (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Horizontal Single Axis Solar Tracker market by , Application (Utility Application and Non-Utility Application) and Region.
On the basis of geography, the market of Horizontal Single Axis Solar Tracker has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End- User, the sub-segment i.e. Residential Homes will boost the Horizontal Single Axis Solar Tracker market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Demand for Renewable Energy Sources
Market Growth Drivers:
The Proficiency of Conversion Is Enhanced When the Solar Devices and Rise In Demand for Horizontal Single Axis Solar Trackers
Challenges:
Lack Of Awareness
Restraints:
HSAT Trackers Are Slightly More Costly
Opportunities:
Research And Development in The Field
Market Leaders and their expansionary development strategies
In September 2021, PROINSO has partnered with the Japanese conglomerate OMRON to develop a fully-integrated solar tracking system. Leveraging significant combined experience in tracker development and power electronics, TURNSOLE Powered by OMRON ensures an optimised performance focused on longevity and reliability.
In October 2021, Arctech announced the global launch of its latest horizontal single-axis solar tracking system SkyLine II, the first 1P (one-in-portrait) tracker designed with pentagonal torque tube and synchronous multi-point drive mechanism.
Key Target Audience
Manufacturers of Horizontal Single Axis Solar Tracker, Suppliers and distributors of Horizontal Single Axis Solar Tracker, Governmental and Regulatory bodies and End-Users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.