Posted in | Solar Energy

Global Solar Tracker Market Expected to Grow at 15.8% CAGR over 2013-2018

Research and Markets has announced the addition of the "Global Solar Tracker Market 2014-2018" report to their offering.

The analysts forecast the Global Solar Tracker market to grow at a CAGR of 15.8 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing CUF of solar power plants. The Global Solar Tracker market has also been witnessing the increasing investment in the market. However, the high maintenance cost could pose a challenge to the growth of this market.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Solar Tracker market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

The rapid technological advancements are one of the major emerging trends in the Global Solar Tracker market. Many vendors are involved in technology development in order to provide better service to their customers and increase their competency in the market.

For instance, the recent technological achievement in the market is the integration of highly advanced actuation systems for north to south solar tracking and rotary drives for east to west solar tracking. The usage of such technology can help track the sun more efficiently, thereby increasing the overall output from the solar plants. This will result in the growth of the market during the forecast period.

According to the report, solar trackers can be used in existing and new solar power plants. These trackers need to be positioned perpendicular to the sun's rays to capture the maximum energy from the sun. Additionally, solar trackers reduce the cost of energy capture. Moreover, they help produce more power for a longer period of time than stationary arrays with the same number of solar panels. Further, the report states that the one of the major challenges in this market is the high maintenance cost of solar trackers. The solar trackers used in solar power plants require continuous monitoring and maintenance since their performance is subject to seasonal fluctuations.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key Topics Covered:

01. Executive Summary

02. List of Abbreviations

03. Scope of the Report

04. Market Research Methodology

05. Introduction

06. Market Landscape

07. Market Segmentation by Technology

08. Market Segmentation by Product

09. Geographical Segmentation

10. Key Leading Countries

11. Buying Criteria

12. Market Growth Drivers

13. Drivers and their Impact

14. Market Challenges

15. Impact of Drivers and Challenges

16. Market Trends

17. Trends and their Impact

18. Vendor Landscape

19. Key Vendor Analysis

20. Other Reports in this Series

Companies Mentioned:

  • Energia ERCAM S.A.
  • Mecasolar
  • Mechatron S.A.

For more information visit http://www.researchandmarkets.com/research/fv9dc3/global_solar

Source: http://www.researchandmarkets.com/

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Research and Markets. (2019, March 01). Global Solar Tracker Market Expected to Grow at 15.8% CAGR over 2013-2018. AZoCleantech. Retrieved on February 23, 2020 from https://www.azocleantech.com/news.aspx?newsID=20162.

  • MLA

    Research and Markets. "Global Solar Tracker Market Expected to Grow at 15.8% CAGR over 2013-2018". AZoCleantech. 23 February 2020. <https://www.azocleantech.com/news.aspx?newsID=20162>.

  • Chicago

    Research and Markets. "Global Solar Tracker Market Expected to Grow at 15.8% CAGR over 2013-2018". AZoCleantech. https://www.azocleantech.com/news.aspx?newsID=20162. (accessed February 23, 2020).

  • Harvard

    Research and Markets. 2019. Global Solar Tracker Market Expected to Grow at 15.8% CAGR over 2013-2018. AZoCleantech, viewed 23 February 2020, https://www.azocleantech.com/news.aspx?newsID=20162.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Submit