Dual Axis Solar Tracker Market size forecast to grow at 15% CAGR by 2023

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Dual Axis Solar Tracker Market size forecast to
grow with 15 CAGR to surpass USD 7 billion by
2023 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
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Regional Analysis of Dual Axis Solar Tracker
Market

• Asia Pacific is anticipated to witness
  substantial gains owing growing awareness of
  trackers. In addition, these devices are expected
  to experience tremendous rise in demand owing to
  rising electricity demands from emerging regions
  such as China and India dual axis solar tracker
  market.
• North America, especially U.S. dual axis solar
  tracker market is expects to witness significant
  gains. The surge can be subjected to supportive
  regulatory norms in the region over the forecast
  period.
• Flourishing demand from Mexico and U.S is
  expected to drive the industry over the several
  forthcoming years. Low cost of conventional
  energy sources namely coal and crude oil
  accompanied by huge initial investment might
  hamper the industry growth for these trackers.

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Application Analysis of Dual Axis Solar Tracker
Market

• The solar tracker industry can be segregated in
  terms of application, product as well as
  technology concentrated photovoltaics (CVP),
  concentrating solar power (CSP) and solar
  photovoltaics (PV) are key technologies involved
  in this sector. Utility and non-utility are the
  two key applications in the industry.
• Dual Axis Solar Tracker Market enable dual degree
  freedom that helps in axis of rotation. It in
  includes two axis, primary axis is the one fixed
  to the ground and the second one is called as
  secondary axis. It is use in reference with
  primary axis.
• Dual axis solar tracker market demand growth can
  be attributed to the accuracy as well as
  efficiency offered by these devices. These
  devices are expected to be the fastest growing
  market segment due to the super efficient
  mechanism offered by the device.

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Competitive Market Share of Dual Axis Solar
Tracker Market

• Major industry partners occupying substantial
  dual axis solar tracker market share include
  Array Technologies, AllEarth Renewables,
  DEGERenergie, First Solar, Energia Ercam, Grupo
  Clavijo, Mecasolar, Hao, Mechatron, SmartTrak, PV
  Powerway, Soitec, Titan Tracker and SunPower
  among others.
• A large number of industry players are likely to
  shift their manufacturing units to developing
  nations. The shift can be attributed to low labor
  cost along with low production costs offered by
  developing nations such as India and China.
• The market is moderately consolidated and majorly
  accumulated by key five industry participants.
  Top five industry players are anticipated to hold
  more than 40 of the overall installed capacity
  as of 2014.

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Solar Tracker Market _at_ https//www.gminsights.com
/industry-analysis/dual-axis-solar-tracker-market
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