For this study, the global Solar PV Tracker Market is segmented by Solar Power Type, by Tracking type, Drive system, By End-User, Forecast till 2023.
The key players in the global Solar PV Tracker markets include:
Arctech Solar (India), Convert Italia (Italy), Exosun (U.S.), First Solar (U.S.), Grupo Clavijo (Spain), Ideematec (Germany), Mahindra Susten (India), NClave (Spain), NEXTracker (U.S.), PV Hardware (U.S.), Scorpius Trackers (India), Solar Steel(Spain), Soltec(U.S.), STi Norland (Spain), Sun Action Trackers (U.S.), SunLink (U.S.), and SunPower (U.S.).
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Global Solar PV Tracker Market Overview:
The solar PV tracking market industry is expected to majorly benefit in the coming years due to increased solar power installations around the world. The market for solar PV trackers is expected to witness huge growth in countries such as India, China, and Latin American countries.
Solar PV trackers are implemented in solar power generation plants to increase the operational efficiency and plant operational profitability. Single axis type trackers are used in small-scale systems, where power output does not have a huge influence on the overall operation of the system. Besides, the power generated is usually sufficient for limited power requirements of a residential operation; therefore, installing highly capable dual axis tracking systems for small power applications, such as residential applications, has high costs involved.
The global energy industry is witnessing a drastic change from completely depending on fossil fuel plants, such as coal and oil, to renewable energy sources, such as solar, wind, and geothermal for power generation. One of the main concerns about the renewable energy resources has always been their low power production capacity compared to the 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 stand 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 areas. This is a significant disadvantage of a renewable energy system, especially solar energy, which has a further downside of not being able to generate power during the night.
Market Segments Analysis:
The scope of the study segments the solar PV tracker industry market by its solar technology type, tracking Type, drive system type, end-use industry type, and by region.
By Solar Technology Type:
Linear Fresnel & Dish/Engine system
By Tracking Type:
By Drive system Type:
By End-Use Industries:
The growth of the solar PV tracker is going to be mainly influenced by the rising installations of solar power systems around the world. As the panel prices having been recording historical low prices and feed-in-tariff rates achieving parity with conventional power generation sources, solar power generation is widely desired by countries for meeting their power requirements. As trackers can effectively bring additional 15% to 30% extra efficiency to operations, solar trackers are increasingly desired by the solar power plant operators. However, higher installation and maintenance costs and proneness to operational failures hinder the increased implementation of solar tracker systems.
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 RESEARCH OBJECTIVES
2.2.2 ASSUMPTIONS & LIMITATIONS
2.3 MARKETS STRUCTURE
3 MARKET RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 SECONDARY RESEARCH
3.3 PRIMARY RESEARCH
3.4 FORECAST MODEL
4 MARKET LANDSCAPE
4.1 FIVE FORCES ANALYSIS
4.1.1 THREAT OF NEW ENTRANTS
4.1.2 BARGAINING POWER OF BUYERS
4.1.3 BARGAINING POWER OF SUPPLIERS
4.1.4 THREAT OF SUBSTITUTES
4.1.5 SEGMENT RIVALRY
4.2 VALUE CHAIN/SUPPLY CHAIN OF GLOBAL SOLAR PV TRACKER MARKET
5 INDUSTRY OVERVIEW OF GLOBAL SOLAR PV TRACKER MARKET
5.2 GROWTH DRIVERS
5.3 IMPACT ANALYSIS
5.4 MARKET CHALLENGES
LIST OF TABLES:
TABLE 1 GLOBAL SOLAR PV TRACKER MARKET: BY REGION, 2017-2023
TABLE 2 NORTH AMERICA SOLAR PV TRACKER MARKET: BY COUNTRY, 2017-2023
TABLE 3 EUROPE SOLAR PV TRACKER MARKET: BY COUNTRY, 2017-2023
TABLE 4 ASIA PACIFIC SOLAR PV TRACKER MARKET: BY COUNTRY, 2017-2023
TABLE 5 MIDDLE EAST & AFRICA SOLAR PV TRACKER MARKET: BY COUNTRY, 2017-2023
TABLE 6 LATIN AMERICA SOLAR PV TRACKER MARKET: BY COUNTRY, 2017-2023
LIST OF FIGURES:
FIGURE 1 GLOBAL SOLAR PV TRACKER MARKET SEGMENTATION
FIGURE 2 FORECAST METHODOLOGY
FIGURE 3 FIVE FORCES ANALYSIS OF GLOBAL SOLAR PV TRACKER MARKET
FIGURE 4 VALUE CHAIN OF GLOBAL SOLAR PV TRACKER MARKET
FIGURE 5 SHARE OF GLOBAL SOLAR PV TRACKER MARKET IN 2017, BY COUNTRY (IN %)
FIGURE 6 GLOBAL SOLAR PV TRACKER MARKET, 2017-2023,
FIGURE 7 SUB SEGMENTS OF COMPONENT
FIGURE 8 GLOBAL SOLAR PV TRACKER MARKET SIZE BY COMPONENT, 2017
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