global-dual-axis-solar-collectors-market-industry
Published

MAY 2018

Global Dual Axis Solar Tracker Market - Segmented by Application, Component, and Geography - Growth, Trends, and Forecast (2018 - 2023)

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The global dual axis tracker market is in nascent phase, and it is likely to grow at a rapid rate on account of increasing focus on enhancing the energy produced from solar power systems. The technological benefits associated with dual tracker are a big boost for its adoption. Globally, the rising concern regarding pollution caused from conventional sources of energy has led to explore the alternate sources of energy. The popularity of solar power generation has led to widespread research and development to enhance the efficiency of the solar power plants. The dual axis trackers enhance the energy production by 30 to 45 percent from solar panels in comparison to fixed installations. The pressing need to reduce the cost of power generation from renewables has fuelled the requirement to implement tracker system in solar plants.

Increasing Awareness about Clean Energy is Driving the Market

Globally, the increasing awareness about clean energy is providing a huge impetus to alternate sources of energy. As per the Paris climate deal, the countries across the globe have committed to use clean energy sources and move away from conventional fuels, which cause adverse effects on environment. The dual axis solar trackers can be used to enhance the net energy generation from solar power plants. Furthermore, stringent environmental norms is likely to promulgate the solar energy development, which in turn, would drive the market for dual axis solar trackers.

Europe is likely to dominate the Market Growth

Europe region would dominate the market growth in dual axis solar trackers market, owing to huge investments made in solar power development in the region. Rising environmental concerns have led to rapid adoption of solar energy in the European countries. Moreover, some countries have planned to eliminate power generation from conventional sources, such as coal and nuclear. The high level of awareness regarding the benefits associated with renewable energy is a big boost for solar power sector in Europe. The European region is witnessing widespread development of solar power plants, which includes ground mounted and rooftop installations. The development of solar power plants provides huge opportunities for dual axis solar trackers in Europe region.

                               

Key Developments in the Market

  • September 2017: AllEarth Renewables announced the introduction of a new solar tracker in its lineup known as Gen 4
  • March 2017: Sun Action Trackers introduced re-engineered models of its PST-2AL dual axis solar tracker that will sport reduced array fields of 20 to 25 modules, compared with 42 modules in the original design

Major Players: AllEarth Renwables, Sun Action Trackers, NEXTracker, Array Technologies, SunPower, Abengoa Solar, Scorpius Trackers, Powerway, Titan Tracker, DEGERenergie GmbH & Co., amongst others.

Reasons to Purchase this Report

  • Current and future of dual axis solar tracker market outlook in the developed and emerging markets
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness fastest growth during the forecast period
  • Identify the latest developments and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet in excel

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