Solar PV Tracker Market 2018 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
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Solar PV Tracker Market 2018 Solar PV Tracker Market – 2018 : Industry Survey, Growth, Competitive Landscape and Forecasts to 2023.
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%.
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.
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Solar PV Tracker Market 2018 Market Segmentation
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Solar PV Tracker Market 2018
Report Analysis 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.
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Solar PV Tracker Market 2018
KEY PLAYER
The key players of the global solar PV tracker market are 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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