About Solar PV Tracker
A PV solar tracker is a system that places a solar PV panel toward the sun. Trackers are used to reduce the angle of occurrence between the sunlight and a photovoltaic panel. This increases the amount of energy created from a fixed amount of mounted power generating capacity. The primary benefit of a tracking system is to gather solar energy for the longest period of the day. The use of a highly portable, efficient solar tracker is beneficial to applications of the military, industrial, or residential variety. The use of solar trackers can increase the production of electricity.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Solar PV Tracker market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Soltec (United States), Arctech Solar (India), NEXTracker (United States), Array Technologies (United States), Convert Italia (Italy), Exosun (United States), First Solar (United States), Grupo Clavijo (Spain), Ideematec (Germany), Mahindra Susten (India), SunLink (United States), NClave (Spain) and PV Hardware (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Scorpius Trackers (India), Solar Steel (Spain), STi Norland (Spain), Sun Action Trackers (United States) and Haosolar (China).
Segmentation Overview
AMA Research has segmented the market of Global Solar PV Tracker market by Type (Single Axis, Dual Axis and Seasonal), Application (Military, Industrial and Residential) and Region.
On the basis of geography, the market of Solar PV 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 Tracking System, the sub-segment i.e. Active will boost the Solar PV Tracker market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements Along With Growing Production Capacity, Increasing Concerns of People towards Renewable Energy Sources and Rising Demand for Double-Sided Solar Panels
Market Growth Drivers:
Rising Demand for Decentralized Energy Generation Systems, Increasing Demand for Electricity due to Rising Population and Growing Demand for Solar Photovoltaic Panel among Residential Applications
Challenges:
Lack of Proper Infrastructure and Proneness to Operational Failures
Restraints:
Higher Installation and Maintenance Costs and Increase in Grid Connection Issues and Interconnection Delays
Opportunities:
Raising Demand for Solar Power Towers in Electricity Generation, Increasing Government Initiatives to Promote Use of Solar Energy and Rising Installations of Solar Power Systems around the World
On May 13, 2019 - Arctech Solar, a leading solar tracking and racking system provider, has launched its latest research achievement SkySmart-2, the industry’s first independent single-axis tracking system which introduces multiple fans driving up to 120 solar modules. It can solve the instability problem of regular 2P (two modules in portrait) tracking system and provide better stability for PV plant in extreme weather conditions.
Key Target Audience
Manufacturers of Solar PV Tracker, Suppliers of Solar PV Tracker, Wholesalers, Distributors and Retailers of Solar PV Tracker, Power Industry and Governmental Bodies
Key Finding and Research Objectives
Focus of the study is to analyse characteristics that affect the nature of competition and pricing. Identifying Influencing factors keeping Solar PV Tracker Market Intense, factored with periodic analysis of CR4 & CR8 concentration ratio. In-depth Competitive analysis at product and Strategic business level. To analyse the competitive developments, such as new product launch and merger & acquisition, in the Solar PV Tracker market.
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.