Solar Tracker Market Growth Analysis and 2020 Industry Share


Posted February 15, 2022 by navya1

According to Stratistics MRC, the Global Solar Tracker Market Value is expected to reach $58.79 billion by growing at a CAGR of 17.6% during the forecast period.
 
A solar tracker refers to the device used for orienting a solar panel or solar reflector toward the sun to harness additional sunlight. Based on the design and tracking mechanism, some of the commonly used variants include active, passive, single-axis and dual-axis trackers. The trackers are attached to the solar panels to alter their position in sync with the sun irrespective of the weather conditions. This ensures that the solar modules are correctly positioned to gather maximum solar energy and to improve the overall efficiency of the solar panels.

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By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the rising shift towards renewables sources of energy in developing countries such as China and India. Moreover, China and Japan are the leading countries in the world in terms of using solar energy, thus promoting the regional market.

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Some of the key players profiled in the Solar Tracker Market include Arctech Solar, Array Technologies, Convert Italia, Exosun, Ideematec, NEXTracker, PV Hardware, Scorpius Trackers, Solar Steel, Soltec, STi Norland, Sun Action Trackers, and SunPower.

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- 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

For more information about this report visit https://www.strategymrc.com/report/solar-tracker-market

Related Markets:
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2) https://www.strategymrc.com/report/oil-and-gas-mobility-market

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Issued By Madhav Ram
Country India
Categories Industry , Reports , Research
Last Updated February 15, 2022