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Solar Tracker Market - Key Trends & Growth Statistics to 2027

Solar Tracker Market - Key Trends & Growth Statistics to 2027

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Solar Tracker Market - Key Trends & Growth Statistics to 2027

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  1. Solar Tracker Market - Growth Factors and Opportunities Analysis to 2027 • In March 2021, Soltec, a major player in the global solar tracker market, rolled out a complete kit for building solar PV tracker plants with up to 12 MW capacity. The deal, which is called Solarfighter, comprises all the required equipment in addition to the plant maintenance and installation services that are provided by validated Soltec installers, in addition to the product warranty and customer service that is directly provided by the manufacturer. • The project is designed to be combined within upcoming hydrogen storage projects and is among the several advancements that are expected to drive the demand for solar tracker systems over the ensuing years. On this note, the global solar tracker market size is estimated to exhibit remarkable growth through 2026, according to recent research by Global Market Insights, Inc. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  2. This escalation is attributed to the soaring demand for the generation of clean energy across commercial institutes comprising shopping malls, schools, and hospitals. Strict efficiency standards and environmental norms coupled with increasing investments towards the development of commercial facilities are expected to augment solar tracker industry valuation through the estimated span. • The market is further driven by the increasing adoption of single axis trackers due to their increasing cost effectiveness and the higher reliability index. Single axis solar trackers are available in two alternatives comprising horizontal axis and vertical axis. These trackers are considered an economically viable option as they require very little maintenance. • Several institutions such as the World Bank and the International Finance Corporation (IFC) are showing a rising inclination towards PV panel installation as well as electrification programs. Citing an instance, in 2017, the World Bank Group established the scaling solar initiative, which began in Zambia and later expanded to other countries in the region. • In addition, the ongoing efforts for increasing the share of renewable energy in the mix and the surging energy demand are expected to spur industry valuation through 2027. Customizable quality, low cost of installation, as well as improved power output, are additional factors boosting the onset of solar tracker projects across various regions. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  3. Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/364 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  4. Regional Analysis • The Africa solar tracker market is projected to record commendable growth through 2027, considering the expansion of remote electrical networks and the gradual shift towards distributed power generation. Increasing regulatory efforts for the deployment of the existing resources for effectively meeting energy consumption will increase product penetration in the region. • Competitive Analysis • Prominent solar tracker manufacturers comprise GameChange Solar, SunPower Corporation, Titan Tracker, NEXTracker, Inc, Meca Solar, First Solar, and others. Rising investment in the development of solar PV module infrastructure across residential and commercial sectors will increase the adoption of solar tracker systems. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  5. Latest Research Report On Solar Tracker Market @ https://www.gminsights.com/industry-analysis/solar-tracker-market-report Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/364 Request for customization: https://www.gminsights.com/roc/364 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  6. Stay In Touch You can visit us at: www.gminsights.com Thank You…! © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com www.gminsights.com

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