A solar photovoltaic (PV) tracker is a device that orients solar panels or heliostats toward the Sun. A solar PV tracker is used in solar panels, heliostats, and parabolic troughs to align them in such a position toward the sun so as to collect solar energy in the most optimal angle, thereby increasing the efficiency of PV systems. Fixed-mounted solar panels may lose their efficiency when the Sun passes to the less than optimal angle. A solar tracker system tracks the position of the Sun and moves solar panels such that they align accurately with the position of the Sun.
The increasing investment on renewables and rising installation of solar PV systems will provide traction to the solar PV technology in the solar tracking system market. The demand for the solar PV technology is influenced by the growing population and rising demand for electricity. Utility segment is the primary end-user of solar PV trackers to increase their efficiency in generating electricity.
The Americas will be the major revenue contributor to the solar tracking system market due to the extensive investments in additional solar capacity and solar installations. The US, Canada, and Brazil are the major contributors in this region, where the increased government support and the declining solar power prices, drive the market’s growth prospects.
The Solar PV Tracker market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Solar PV Tracker.
This report presents the worldwide Solar PV Tracker market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Sun Action Trackers
Solar PV Tracker Breakdown Data by Type
Single Axis Tracker
Dual Axis Tracker
By Drive Types
Solar PV Tracker Breakdown Data by Application
Commercial & Industrial
Solar PV Tracker Production by Region
Solar PV Tracker Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Solar PV Tracker status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Solar PV Tracker manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Solar PV Tracker :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Solar PV Tracker market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.