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Solar PV Tracker Market Size, Share, Report, Analysis, Trends & Forecast to 2026

According to Stratistics MRC, the Global Solar PV Tracker market is expected to grow from $XX million in 2017 to reach $XX million by 2026 with a CAGR of 20.5%.

Gaithersburg, MD, US – March 21, 2018 /MarketersMedia/

Emergence of renewable technology, government encouraging the usage of solar power and development of smart cities are the major factors supporting the market growth.

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A solar tracker is a device that orients a payload toward the Sun. Payloads are generally fresnel reflectors, parabolic troughs, solar panels and mirrors or lenses. For flat-panel photovoltaic systems, trackers are used to minimize the angle of incidence between the incoming sunlight and a photovoltaic panel.

By technology, the increase in investments on renewables and rising installation of solar PV systems will drive the solar PV technology in the solar tracking system market. The demand for the solar PV technology is contributed by the growing population and increase in demand for electricity. Utility segment is the primary end-user of solar PV trackers to increase their efficiency in generating electricity.

Based on region, North America is anticipated to dominate the solar tracking system market due to the extensive investments in additional solar capacity and solar installations. The US and Canada are the major contributors in this region due to the reduction in solar power prices and increased government support that drive the market’s growth prospects.

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Some of the key players in Solar PV Tracker market include Convert Italia , PV Hardware, Arctech Solar, First Solar, Soltec, Grupo Clavijo, SunPower, Solar Steel, Scorpius Trackers, Array Technologies, Sun Action Trackers, NEXTracker, NClave, STi Norland, Mahindra Susten, Ideematec, SunLink and Exosun.

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Technologies Covered:
• Concentrated Solar Power (CSP)
• Solar Photovoltaic PV

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.
Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

Contact Info:
Name: James Lamb
Email: info@strategymrc.com
Organization: Stratistics Market Research Consulting Pvt Ltd

Source URL: https://marketersmedia.com/solar-pv-tracker-market-size-share-report-analysis-trends-forecast-to-2026/317914

For more information, please visit http://www.strategymrc.com

Source: MarketersMedia

Release ID: 317914

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