Solar Tracker Market Future Scope, Demands and Projected Industry Growths to 2024
Category: #world  By Ashwin Naphade  Date: 2019-01-28
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Solar Tracker Market Future Scope, Demands and Projected Industry Growths to 2024

Global Solar Tracker market report added by MarketstudyReport.com is one of the most comprehensive research studies on Solar Tracker offering 817 data tables, 11 figures, covering 16 companies and regional outlook for 27 countries on segments covered in this report.

Paradigm shift from depleting conventional resources toward sustainable electricity generation technologies will drive the global solar tracker market. Furthermore, rising concerns pertaining to GHG emissions coupled with favorable regulatory measures to sustain energy conservation have instituted a favorable business scenario. In 2016, British Columbia enacted the Greenhouse Gas Industrial Reporting and Control Act. The Act lays abiding norms and standards concerning emissions from industries across the region.

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Germany solar tracker market size is set to reach over 1.5 GW by 2024. Government initiatives subject to the replacement of fossil fuels with renewable energy resources will comprehensively augment the business landscape. In 2017, German Regulators introduced the Renewable Energy Act targeting 2.5 GW PV installations annually. Stringent reforms pertaining to the reduction of carbon footprints coupled with advancing product applicability will further complement the solar tracker market outlook. Solar Tracker Market size will exceed USD 27 billion by 2024, as reported in the latest study.

Rampant decline in component costs in the recent years have led to the fall in overall levelized solar electricity tariff which in turn have instituted a favorable business scenario across the solar tracker market landscape. Rapid adoption of economies of scale by manufacturers coupled with high-end technological enhancements to develop cost effective and efficient products will foster the solar tracker market growth. The levelized cost of energy across the globe has been valued at USD 221.5 /MWh for wind in comparison to that of USD 144.3 /MWh for solar PV installations for the plants entering service by 2018.

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UAE solar tracker market share is anticipated to gain over 20% by 2024. Escalating investments to sustain optimum resource utilization and establish a sustainable energy mix has integrated a competitive industrial framework. Low LCOE?s subject to Independent Power Project bids and EPC programs across Middle East will positively stimulate the product deployment.

Asia Pacific solar tracker market is set to witness significant growth subject to the rapid adoption of decentralized generation technologies coupled with the ongoing expansion of off-grid electricity networks. Intervention of financial institutions coupled with government aided funding towards renewable expansion across the region will boost the product penetration. In 2017, Regulators across China declared an investment worth USD 360 Billion to proliferate its expanding renewable energy sector.

Notable players across the solar tracker market include Array Technologies, NEXTracker, SunPower, Mecasolar, Abengoa, GRUPO CLAVIJO, Powerway, SOITEC, Scorpius Trackers, Smarttrak, Wuxi Hao Solar Technology, AllEarth Renewables, Titan Tracker, DEGERenergie, and Grupo Clavijo.

Table of Content:

Chapter 1. Methodology and Scope

1.1. Methodology

1.1.1.   Initial data exploration

1.1.2.   Statistical model and forecast

1.1.3.   Industry insights and validation

1.1.4.   Market definition & forecast parameters

1.2. Data sources

1.2.1.   Primary

1.2.2.   Secondary

Chapter 2. Executive Summary

2.1. Solar tracker industry 3600 synopsis, 2013 - 2024

2.1.1.   Business trend

2.1.2.   Technology trends

2.1.3.   Product trends

2.1.4.   Application trends

2.1.5.   Regional trends

Chapter 3. Solar Tracker Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2024

3.3. Industry ecosystem analysis

3.3.1.   Vendor matrix

3.4. Innovation & sustainability

3.5. Technology landscape

3.5.1.   Solar Photovoltaic (PV)

3.5.2.   Concentrated Photovoltaic (CPV)

3.5.3.   Concentrated Solar Power (CSP)

3.6. Regulatory landscape

3.6.1.   U.S.

3.6.2.   UK

3.6.3.   France

3.6.4.   Germany

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About Author

Ashwin Naphade

Email: [email protected]   

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

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