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Solar Tracker Market

Solar tracker is often used to optimize the energy output from solar panels. Solar panels are always pointed directly at the sun, owing to its mechanism solar panel tracks daily rotation of sun from east to west. It enhances solar irradiation received by solar-energy collector and helps in increasing output of electricity that is generated.<br><br>

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Solar Tracker Market

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  1. Opportunity Analysis and Industry Forecast, 2016-2023 Solar Tracker Market By Type, By Technology, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2031 • Pages: 216 Tables: 142 Charts: 59

  2. Global Solar Tracker Market Outlook (2021 – 2031) • Top Impacting Factors: • The solar tracker market size was valued at $8.9 billion in 2021, and is estimated to reach $16.0 billion by 2031, growing at a CAGR of 6.1% from 2022 to 2031, • Solar tracker is often used to optimize the energy output from solar panels. Solar panels are always pointed directly at the sun, owing to its mechanism solar panel tracks daily rotation of sun from east to west. • Solar tracker possesses various properties such as it offers minimal wind resistance and provides electrical and thermal stability. • The market is primarily driven by expanding global demand for energy, growing environmental awareness, and depletion of fossil fuels. • Pages: 216 Tables: 142 Charts: 59

  3. Global Solar Tracker Market Outlook (2021 – 2031) • Increase in steel costs further raises cost of these tracking systems, which are employed in majority of utility-scale projects. • The installation of a solar tracking system is more expensive overall than placing regular solar panels, which hinders its use in residential areas where energy demand is less. • Development of solar trackers for unusual settings, such as capped landfills, has been identified as the main trend in the global market for solar trackers. • Solar trackers are typically fixed on posts that are hammered into the ground or on posts with ballast • Pages: 216 Tables: 142 Charts: 59

  4. Global Solar Tracker Market Outlook (2021 – 2031) • Key Findings of The Solar Tracker Market: • By type, the solar axis segment is estimated to display highest growth rate, in terms of revenue, registering a CAGR of 6.3% from 2022 to 2031 • By technology, the photovoltaic segment is anticipated to register highest CAGR of 6.3% during the forecast period. • By application, the utility segment is anticipated to register highest CAGR of 6.3% during the forecast period • Pages: 216 Tables: 142 Charts: 59

  5. Global Solar Tracker Market Outlook (2021 – 2031) • The key players profiled in the report include: • NEXTracker, Inc. • Arctech Solar • STI Norland • Nclave renewable • gonvarri steel services • Convert Italia • GameChange Solar • PV Hardware • Array Technologies, Inc. • Pages: 216 Tables: 142 Charts: 59

  6. Global Solar Tracker Market Outlook (2021 – 2031) Thank You! For More Details Visit us at https://www.alliedmarketresearch.com Follow Us On

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