Fixed Tilt Solar PV Market Scope
Fixed tilt in the context of solar photovoltaic (PV) systems denotes a mounting arrangement wherein the solar panels are permanently positioned at a specific angle, and this angle remains constant throughout the entire year. The chosen tilt angle is typically determined based on the geographical location of the solar installation, aiming to optimize performance for the prevalent solar conditions in that area.The fixed tilt angle is carefully selected to maximize the solar panels' exposure to sunlight throughout the year, considering the varying position of the sun in the sky at different times of the day and during different seasons. Although fixed tilt systems are simpler and often more cost-effective to install compared to tracking systems they may not capture as much sunlight during specific periods when the sun's position is not directly aligned with the fixed tilt angle.
According to AMA, the Global Fixed Tilt Solar PV market is expected to see growth rate of 12.7%The fixed-tilt solar PV system market is consolidated. Some of key players in this market include Canadian Solar Inc, ENGIE SA, First Solar Inc, Company are focusing on product innovation strategic partnership and market . Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Fixed Tilt Solar PV market throughout the predicted period.
Wuxi Suntech Power Co. Ltd. (Japan), First Solar Inc. (United States), Juwi Solar Inc. (Germany), SolarCity Corporation (United States), Activ Solar GmbH (Austria), Yingli Solar (China), Trina Solar Limited (China), Sharp Solar Energy Solutions Group (Germany), Canadian Solar Inc. (Canada) and JinkoSolar Holding Co. Ltd. (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are PowerChina (China), Sungrow (China), Prodiel (Spain), Sterling and Wilson (India), Swinerton (United States), Grupo ACS (Spain) and Risen Energy (China).
Segmentation Overview
The study have segmented the market of Global Fixed Tilt Solar PV market by Type (Monocrystalline Solar Panels, Polycrystalline Solar Panels, Thin-Film Solar Panels and Others), by Application (PV Power Station, Commercial, Residential and Others) and Region with country level break-up.
On the basis of geography, the market of Fixed Tilt Solar PV 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).
Influencing Trend:
Integration of bifacial solar panels with fixed tilt systems, allowing for increased energy capture by utilizing reflected sunlight from the ground or nearby surfaces
Market Growth Drivers:
Growing Demand for Low-cost off-grid Electricity generation and Growing Demand of Electricity generation of solar energy
Challenges:
Fixed tilt systems generate the most power during peak sunlight hours, which may not always align with peak electricity demand and Higher complexity increases the number of degradation mechanisms
Restraints:
The amount of electricity Generated by the fixed slope is less than that of the solar tracking system and Fixed tilt systems may not capture sunlight as effectively during certain times of the day or seasons when the sun's position is not aligned with the fixed tilt angle
Opportunities:
The overall growth of the solar energy market presents significant opportunities for the adoption and expansion of fixed tilt solar PV system
Market Leaders and their Expansionary Development Strategies
In July 2023,Modus acquire a 100% stake in the portfolio of ground-mounted solar farms featuring bifacial solar panels along with single-axis solar trackers and fixed-tilt technology.
In January 2023, GameChange Solar, a specialist in fixed-tilt racking and tracker equipment, has announced the launch of the 1P-2Row Genius Tracker, which comes standard with preassembled components
Key Target Audience
Manufacturing, Suppliers, Distributers and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.