Solar PV Tracker Market
Solar PV trackers direct solar panels or modules towards the direction of the sun. These devices change their orientation to follow the sun and capture the maximum energy possible. Solar photovoltaic (PV) systems can boost electricity production and drive the performance of utilities considerably. The global solar PV tracker market report by Market Research Future (MRFR) covers favorable drivers and opportunities coupled with challenges for the period of 2017 to 2023 (forecast period). The COVID-19 pandemic and its effects on the industry are noted in the report.
Market Scope
The global solar PV tracker market share is projected to grow at ~ 18% CAGR during the forecast period.
Segmentation
The global solar PV tracker market has been segmented based on power generation type, tracking system type, tracking control systems type, and end-use industries.
Based on power generation type, it is classified into solar PV, CSP, and solar thermal. CSP is further segmented into linear Fresnel, parabolic through, power towers, and dish/engine type. Concentrated solar thermal systems that use solar energy for water heating and steam generation purposes use solar trackers for their operations.
Based on tracking systems type, the market is segmented into fixed tilt, single axis, and dual axis tracking systems. Since the tracking systems are comparatively expensive and are an add-on to the existing systems, single axis tracking system by type is used for small-scale solar power generation technologies. However, since the utility level solar power installation systems need to be operated at full capacity and maximized operational efficiency, dual axis tracking systems are used. For easier operations of tracking systems, they are controlled by active and passive tracking systems. Active tracking systems ensure that the solar panels are perpendicular to sunlight and use sensors that determine the ideal position of the panel. Passive control systems normally operate by using compressed gas that generates a difference in pressure inside the system, based on sunlight. The passive systems are usually preferred for power systems of low capacity as they do not need a controller; however, they are slow to respond and are quite physically vulnerable to external factors, such as gusty winds and storms.
By drive system type, it is divided into active and passive.
By end-use industries, it is segmented into residential, commercial, and utilities.
Competitive Outlook
Solar Steel, Convert Italia, Arctech Solar, Exosun, Mahindra Susten, Grupo Clavijo, NEXTracker, STi Norland, SunPower, Soltec, Ideematec, NClave, SunLink, Sun Action Trackers, Scorpius Trackers, First Solar, and PV Hardware are key players of the global solar PV tracker market.
Table Of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
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