Executive Summary
Global Solar Tracker Market industry valued approximately USD 7.25 billion in 2016 is anticipated to grow with a healthy growth rate of more than 18.21% over the forecast period 2017-2025. Major factors fueling the growth are growing awareness of renewable energy sources, decreasing prices of solar energy, escalating smart cities projects, and continuous innovations being made in solar trackers.
The objective of the study is to define market sizes of different segments & countries in previous years and to forecast the values to the next eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers & restraining factors which will define the future growth of the market. Additionally, it will also incorporate the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
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Technology:
- Solar Photo Voltaic
- Concentrated Solar Power
- Concentrated Photo Voltaic
Product:
- Single-Axis
- Dual-Axis
Application:
- Utility
- Non-Utility
Furthermore, the years considered for the study are as follows:
- Historical year – 2015
- Base year – 2016
- Forecast period – 2017 to 2025
Some of the key manufacturers involved in the market are AllEarth Renewables, First Solar, Energia Ercam, Mecasolar, Array Technologies, Grupo Clavijo, Sun Power, and Hao. New product launches, focus on continuous technology innovations, acquisitions, and effective mergers are some of the strategies adopted by the key manufacturers. The companies are also trying to dominate the market by investing in research and development.
Target Audience of the Solar Tracker Market Study
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers
- Investors
Please note that owing to the criticality of the Solar Tracker Market and rapidly changing market attributes, we are in the middle of updating the report. The final report may require 2 to 3 working days post-confirmation in order to cater to the most recent updates.
Continuous…
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