Solar PV Tracker Market Demand, Gross Profit, Opportunities, Future Estimations

1. The global solar PV tracker market is expected to exhibit a solid 18% CAGR over the forecast period till 2023, according to the latest research report from Market Research Future (MRFR). The global solar PV tracker market is studied in great detail in the latest report from Market Research Future (MRFR), which includes a detailed analysis of the market’s historical growth trajectory and present condition. Major trends operating in the global solar PV tracker market are examined in the report. Based on this information, accurate and reliable projections for the market’s likely growth trajectory over the forecast period till 2023 are presented in the report. Leading drivers and restraints operating on the global solar PV tracker market are examined in the report. The impact of these major drivers and restraints on the global solar PV tracker market is examined in detail in the report. Thus, the major factors enabling the market’s growth are enlisted and profiled in the report. Leading players operating in the global solar PV tracker market are also profiled in the research report. The competitive landscape of the global solar PV tracker market is thus examined in detail in the report. The report also examines the impact of the COVID-19 pandemic on the global solar PV tracker market. Request free sample PDF @ https://www.marketresearchfuture.com/sample_request/5874 The global energy industry is witnessing a drastic change these days, from being completely dependent on fossil fuels, such as coal and oil, to renewable energy sources, such as solar, wind, and geothermal. One of the main concerns about renewable energy resources has always been their low power production capacity compared to conventional sources. For instance, a coal power plant with the latest technology can operate at an efficiency of 35% at its prime operating conditions and in hydropower plants, it can be much higher at 95%. However, even with the latest development and advancement in solar technology, the maximum efficiency of a solar panel at laboratory conditions stands at 24%. In real-world operating conditions, this value drops even further and hovers around 15%-18%, depending on the type of technology and operating area. This is a significant disadvantage for renewable energy systems, especially solar energy, which also has a further downside of not being able to generate power during the night. One of the ways of increasing the solar power generation efficiency is by using a solar tracker with the PV systems. A solar tracker works with the prime objective of keeping the solar panel at the best angle to trap all the available radiation from the sun at all times of the day. This is a game changer in the solar industry, as it is proved by experiments that solar trackers can actually increase the operational efficiency of solar panels by up to 15% to 30%. There are several types of solar tracking systems available in the market. One of the other main objectives of a solar tracker is to consume less energy and maximize the efficiency of operations. This is mainly because the solar trackers are separate energy consuming entities added to solar panels for increasing their performance. Moreover, it is essential that solar trackers offer reliability of operations under different operational conditions, as any impact on tracker system performance can have a substantial impact on solar panel or power system performance on the whole. Segmentation: The global solar PV tracker market is segmented on the basis of drive system, solar technology type, tracking type, end use, and region. By drive system, the global solar PV tracker market is segmented into active and passive. By solar technology type, the global solar PV tracker market is segmented into solar PV, CSP, and concentrated solar thermal. By tracking type, the global solar PV tracker market is segmented into fixed tilt, single-axis, and dual- axis. By end use, the global solar PV tracker market is segmented into residential, commercial, and utilities.

2. Competitive Leaderboard: Leading players in the global solar PV tracker market include SunPower, SunLink, Sun Action Trackers, STi Norland, Soltec, Solar Steel, Scorpius Trackers, PV Hardware, NEXTracker, NClave, Mahindra Susten, Ideematec, Grupo Clavijo, First Solar, Exosun, Convert Italia, and Arctech Solar. Regional Analysis: Asia Pacific is likely to emerge as a major regional market for solar PV trackers over the forecast period due to the increasing emphasis on solar power generation in emerging countries such as India and China. Browse Complete Report @ https://www.marketresearchfuture.com/reports/solar-pv-tracker- market-5874 Market Research Analysis Asia Pacific accounts for the largest market for pumps. Region wise, Asia Pacific held the largest market share of the global Pumps market in 2017. It is estimated that Asia-Pacific region would be the fastest growing market during the forecast period, mainly due to the rising investment infrastructure development. Moreover, the increased demand from the water and wastewater sector, moderate demand from constructions sector, rising urbanization, and supportive government plans are expected to drive the market for pumps in Asia Pacific region. About Market Research Future: Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client. The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research. Our Forte  Strong industry focus  Robust methodology  Tailor-made solutions  Disruptive research  Cutting-edge detailed reports  Competitive pricing  Domain expert researchers  Timely delivery  Ground-breaking approach  Advanced and transparent research methodology  Cover latest trends and innovations Contact Us:

3. Market Research Future Office No. 524/528, Amanora Chambers Magarpatta Road, Hadapsar Pune - 411028 Maharashtra, India +1 646 845 9312 Email: sales@marketresearchfuture.com