1 / 6

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

Dual axis solar tracker market size is estimated to exceed USD 7 billion by 2023 and is likely to grow at a CAGR of over 15%. These trackers are mainly integrated with solar panels and thus it aids in enhancing the power generation efficiency over 20% to 40% when compared to fixed solar array.

GMInsights99
Download Presentation

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

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 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

  2. 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.

  3. 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.

  4. 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, EnergiaErcam, GrupoClavijo, 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.

  5. Browse Full Market Research Report On Dual Axis Solar Tracker Market @ https://www.gminsights.com/industry-analysis/dual-axis-solar-tracker-market Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/213

  6. Stay In Touch Website: www.gminsights.com Social Media:

More Related