Solar Tracker Industry Growth | Technology and Dynamics | Forecast To 2025
“Global Solar Tracker Market report includes in-depth analysis of industry by recent technologies, trends, opportunities, challenges, key players and business strategies considering types, segment and future outlook.�
The global solar tracker market is expected to generate 26.77 GW of installed capacity by 2025. The market is subject to witness a substantial growth due to their ability to increase the efficiency of mounted payloads including mirrors, panels and parabolic troughs. Solar tracker is capable of increasing efficiency of the payloads by around 30%. Growing demand for sustainable energy resources, coupled with numerous local government initiatives and schemes to fulfill growing demand of electricity are expected to boost the growth of solar tracker industry over the forecast period. Numerous benefits are obtained with the use of solar tracker includes sustainability, reduction in greenhouse gas emission, and low operational cost, thereby spurring the growth of the market over the forecast period. Globally, the solar tracker market is predicted to grow at CAGR of 18.6% in the forecast period, providing numerous opportunities for market players to invest for research and development in the market. The reduction in the cost of solar tracker and solar PV is key reason for growing demand of the solar PV. In recent years, cost of solar tracker is reduced by significant amount, becoming major factor for growth of the solar tracker industry. Request Sample Copy of this Market Research @ https://www.millioninsights.com/industryreports/solar-tracker-market-size/request-sample