AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Global Solar Tracker Market by Technology, Product, Application, and Region - Forecast to 2025 - ResearchAndMarkets.com

August 21, 2019

DUBLIN--(BUSINESS WIRE)--Aug 21, 2019--

The “Solar Tracker Market Size, Share & Trends Analysis Report By Technology (Solar PV, Concentrator PV), By Product (Single Axis, Dual Axis), By Application, By Region, And Segment, Forecasts 2019 - 2025” report has been added to ResearchAndMarkets.com’s offering.

The global solar tracker market is anticipated to reach USD 7.35 billion by 2025. It is anticipated to expand at a CAGR of 14.1% during the forecast period.

Increasing demand for photovoltaic cells and favorable government regulations in most regions across the globe is expected to drive the growth. Rising prices of electricity are also anticipated to fuel the growth in the forthcoming years.

North America and Europe held considerable market share in the past and are expected to drive the growth in the future as well due to growing installed capacities. Moreover, supportive regulations for installation and increasing R&D for improvement of the technology are also projected to propel the market.

Growing purchase rate of solar trackers is an opportunity for the manufacturers to achieve economies of scale. Moreover, increasing efforts by the producers to expand product portfolio and strengthen their market is anticipated to create more opportunities for the market players.

Increasing favorable investment on unconventional energy source like FIT schemes by Spain is trending in the market. Moreover, increasing use of Concentrator Photovoltaic (CPV) in solar trackers for more efficiency and due to less cost of CPV systems is another trend observed in the market. These trends are expected to contribute significantly to the market growth.

Further key findings from the report suggest:

Key Topics Covered

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

2.1 Market Outlook

2.2 Segmental Outlook

2.3 Competitive Insights

Chapter 3 Market Variables, Trends & Scope

3.1 Market Lineage

3.1.1 Global Solar Tracker Market Outlook

3.2 Penetration & Growth Prospect Mapping

3.3 Industry Value Chain Analysis

3.4 Technology Overview

3.4.1 Solar Photovoltaic

3.4.2 Concentrator Photovoltaic (CPV)

3.4.3 Concentrated solar power (CSP)

3.4.4 Single axis solar tracker

3.4.5 Dual axis solar tracker

3.4.6 DEGER Tracking Systems

3.4.7 Altitude/elevation Tracking

3.4.8 Chronological Solar Tracker

3.4.9 Active tracker

3.5 Regulatory Framework

3.5.1 Standard & Compliances

3.6 Market Dynamics

3.6.1 Market Driver analysis

3.6.1.1 Increasing demand for photovoltaic cells

3.6.1.2 Solar tracker increases the efficiency of solar cells

3.6.1.3 Government incentive schemes and Feed-in Tariff’s (FITs)

3.6.2 Market restraint analysis

3.6.2.1 Capital intensive technology

3.7 Business Environment Analysis: Solar Tracker Market

3.7.1 Industry Analysis - Porters Model

3.7.1.1 Supplier Power

3.7.1.2 Buyer Power

3.7.1.3 Substitution Threat

3.7.1.4 Threat from New Entrant

3.7.1.5 Industry Rivalry

3.7.2 PESTEL ANALYSIS

3.7.2.1 Political Landscape

3.7.2.2 Economic Landscape

3.7.2.3 Social Landscape

3.7.2.4 Technology Landscape

3.7.2.5 Environmental Landscape

3.7.2.6 Legal Landscape

Chapter 4 Solar Tracker Market: By Technology Estimates & Trend Analysis

4.1 Solar tracker Market: Technology Movement Analysis

4.2 Market, by Technology, 2014 - 2025 (Megawatts)

4.3 Solar PV

4.4 Concentrator Photovoltaic (CPV)

4.5 Concentrator Photovoltaic (CPV)

Chapter 5 Solar Tracker Market: By Product Estimate & Trend Analysis

5.1 Solar tracker Market: Product Movement Analysis

5.2 Market, by Product, 2014 - 2025 (Megawatts) (USD Million)

5.3 Single axis

5.4 Dual axis

Chapter 6 Solar Tracker Market: By Application Estimates & Trend Analysis

6.1 Solar tracker Market: Application Movement Analysis

6.2 Market, by Technology, 2014 - 2025 (Megawatts)

6.3 Utility

6.4 Non-utility

Chapter 7 Solar Tracker Market: Regional Estimates & Trend Analysis

7.1 Market, by Region, 2014 - 2025

7.2 North America

7.3 Europe

7.4 Asia Pacific

7.5 Central & South America

7.6 Middle East & Africa

Chapter 8 Solar Tracker Market: Competitive Landscape

8.1 Competitive Environment

8.2 Strategy Framework

8.3 Vendor Landscape

8.4 Public Companies

8.5 Private Companies

Chapter 9 Solar Tracker Market: Company Profiles

9.1 SunPower Corporation

9.2 Wuxi HaoSolar Technology

9.3 Abengoa Solar S.A.

9.4 Array Technologies Inc.

9.5 AllEarth Renewables Inc.

9.6 DEGERenergie GmbH

9.7 Grupo Clavijo

9.8 Titan Tracker SL

9.9 Powerway Renewable Energy Co.

9.10 Energia Ercam SL

9.11 Mecasolar Espaa SL

9.12 First Solar Inc.

For more information about this report visit https://www.researchandmarkets.com/r/x18rn8

View source version on businesswire.com:https://www.businesswire.com/news/home/20190821005438/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

KEYWORD:

INDUSTRY KEYWORD: ALTERNATIVE ENERGY ENERGY

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 08/21/2019 09:04 AM/DISC: 08/21/2019 09:04 AM

http://www.businesswire.com/news/home/20190821005438/en