Global solar tracker as a renewable power generation source.

1
Solar Tracker Market size Forecast Analysis
(2015-2023)
2

• Research Report Insights
• Research Methodology
• Executive Summary
• Solar Tracker Industry Insights
• Solar Tracker Technology Insights
• Solar Tracker Product Insights
• Solar Tracker Application Insights
• Solar Tracker Regional Insights
• Competitive Insights

3
Global Market Scenario of Solar Tracker Market.

• Global solar tracker market size is set to
  register USD 7.54 billion by 2023.
• Rising concerns pertaining to green house gas
  CO2 emissions accompanied by favorable government
  policies to install PV cells as a medium for
  sustainable energy generation are expected key
  industry trend to positively influence demand.
• Utility solar tracker market size was dominant
  with total installation of over 7.5 GW in 2015
  and is estimated to grow at above 16.5 CAGR up
  to 2023.
• Single axis tracking systems are widely preferred
  in utility applications and are mostly
  concentrated in the U.S., Germany and Spain.
• Single axis solar tracker demand was the highest
  was worth close to USD 1.7 billion revenue in
  2015. Single axis trackers are less expensive as
  compared to dual axis trackers and hence are
  widely employed in residential and commercial
  sector.

4
Continue.....

• Photovoltaic (PV) solar tracker accounted for
  more than 65 of the demand in 2015 and is
  projected to witness highest gains up to 2023.
• The PV technology trackers do not require any
  additional lenses, mirrors or sterling energy to
  generate electricity, thereby making them
  suitable for use in non-utility applications.
• Government incentives to support renewable energy
  have driven demand in residential and commercial
  sector.
• Feed in Tariff (FIT) scheme initiated in April
  2010 under which electricity supplier, mainly in
  residential constructions, will give payments for
  each kW generated which is known as
  generation-tariff.
• However, High initial investment cost and
  installation charges may restrain the market
  growth.

5
India Solar Tracker Market Size, By Product,
2013-2023 (USD Million)
6
360 Analysis
Application Analysis With respect to
technology, PV solar tracker market size was
estimated at 5,946.2 MW in 2015. High PV cell
compatibility with standard photovoltaic module
technologies owing to simple design has been a
key factor for demand evolution. Regional
Analysis U.S. solar tracker market size should
reach 3,229.8 MW installed capacity by 2023.
APAC, MEA and Latin America are relatively under
developed regional markets and should offer
significant potential for industry
participants.  Competitive Market Share With a
number of regional participants with domestic
presence, the global solar tracker market share
is moderately fragmented, with just over 40
commanded by the top four players.

7

Latest Research Report On Aerial Imaging Market_at_
https//www.gminsights.com/industry-analysis/solar
-tracker-market Download Latest Report PDF _at_
https//www.gminsights.com/request-sample/detail/3
64
8
Stay In Touch You can visit us at
www.gminsights.com