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Solar Tracker Installation Market Future Growth till 2026 | Abengoa SE, First Solar, Tata Power Solar Systems, Trina Solar, BrightSource Energy, Siemens AG, PVHardware, Arctech Solar, NEXTracker
Solar Tracker Installation Market - Premium Market Insights
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These solar trackers are used to capture the maximum solar energy throughout the day and increase solar panel output and efficiency. The global solar market is driven by increase in energy demand worldwide. Solar trackers can increase the output of solar panels by 25% to 35% compared to modules at fixed angle.
The factors such as environmental pollution, rise in prices of fuels, and growth in awareness among people regarding clean energy are expected to drive the growth of the global solar tracker installation. However, solar tracker installation high maintenance requirement, high cost compared to stationary counterparts, and complex system than fixed racking are expected to restrain the global solar tracker installation growth. The global solar tracker installation is yet to explore its full potential. Therefore, rise in government initiatives, decrease in complexity in design, and ongoing researches in solar tracker are anticipated to offer growth opportunities for the growth of the solar tracker installation market.
The List of companies covered in this Reports are:
Abengoa SE
First Solar
Inc.
Tata Power Solar Systems Limited
Trina Solar Co. Ltd.
BrightSource Energy
Inc.
Siemens AG
PVHardware
Arctech Solar
and NEXTracker.
Key segmentation of the solar tracker installation market is done based on type, application, and region. By type the global solar tracker is divided into single axis tracker and double axis tracker. On the basis of application, it is classified into residential, commercial, and industrial. Region wise, the global solar tracker installation is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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