The solar tracker market is poised to register lucrative growth owing to rise in air pollution and depleting fossil fuel reserves. Numerous governments around the world have started to transition towards clean energy technologies as a primary source of power. Ever-increasing demand for electricity on account of rapid expansion of commercial infrastructures and urbanization has led to the development of large scale solar energy farms, driving the deployment of solar trackers.
Robust advancements in solar tracking technology have meanwhile given rise to efficient solar energy systems. Increasing efforts to integrate advanced technologies to make solar trackers more cost-effective and efficient could massively aid business outlook.
Single axis trackers have grown into prominence due to their remarkable features and benefits like high reliability index and cost effectiveness. These trackers are generally categorized in vertical axis and horizontal axis. Factors like rapid integration of digital monitoring systems and minimal maintenance costs might positively impact the single axis solar tracker market growth.
The Middle East is considered as a lucrative region for solar tracker companies owing to surging demand for uninterrupted power supply across the commercial sector. Estimates claim that the regional market might observe growth of more than 15% within the projected timeframe. Governments along with private & commercial institutions across the region are heavily pouring investments towards expanding the renewable energy sector and developing new solar power units
Middle East has also been working to transition into a decentralized energy generating region. Earlier in June 2019, the U.A.E. revealed its plans to invest nearly USD 163 billion on power generation projects to satisfy the nationâ€™s electricity demand. The proposed developments
Companies operating in the solar tracker market have vested substantial focus on product innovations to improve offered features. Manufacturers are looking to form strategic alliances to expand their geographical presence.
Glimpse of Table of Content (ToC):Â â€“
Chapter 4Â Â Â Solar Tracker Market, By Product
4.1Â Â Â Solar tracker market share by product, 2019 & 2026
4.2Â Â Â Single Axis
4.2.1Â Â Â Global market from single axis, 2015 â€“ 2026
4.2.2Â Â Â Global market from single axis, by region, 2015 â€“ 2026
4.2.3Â Â Â Horizontal
184.108.40.206Â Â Â Global market from horizontal, 2015 â€“ 2026
220.127.116.11Â Â Â Global market from horizontal, by region, 2015 â€“ 2026
4.2.4Â Â Â Vertical
18.104.22.168Â Â Â Global market from vertical, 2015 â€“ 2026
22.214.171.124Â Â Â Global market from vertical, by region, 2015 â€“ 2026
4.3Â Â Â Dual axis
4.3.1Â Â Â Global market from dual axis, 2015 â€“ 2026
4.3.2Â Â Â Global market from dual axis, by region, 2015 â€“ 2026
Chapter 5Â Â Â Solar Tracker Market, By Application
5.1Â Â Â Solar tracker market share by application, 2019 & 2026
5.2Â Â Â Residential
5.2.1Â Â Â Global market from residential, 2015 â€“ 2026
5.2.2Â Â Â Global market from residential, by region, 2015 â€“ 2026
5.3Â Â Â Commercial
5.3.1Â Â Â Global market from commercial, 2015 â€“ 2026
5.3.2Â Â Â Global market from commercial, by region, 2015 â€“ 2026
5.4Â Â Â Utility
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