Global Solar PV Tracker Market 2017-2021

  • ID: 4432829
  • Report
  • Region: Global
  • 84 pages
  • TechNavio
OFF
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

1 of 5

FEATURED COMPANIES

  • Abengoa
  • Array Technologies
  • Exosun
  • Haosolar
  • Scorpius Trackers
  • Sun Action Trackers
  • MORE
About Solar PV Tracker

A solar photovoltaic (PV) tracker is a device that orients solar panels or heliostats toward the Sun. A solar PV tracker is used in solar panels, heliostats, and parabolic troughs to align them in such a position toward the sun so as to collect solar energy in the most optimal angle, thereby increasing the efficiency of PV systems. Fixed-mounted solar panels may lose their efficiency when the Sun passes to the less than optimal angle. A solar tracker system tracks the position of the Sun and moves solar panels such that they align accurately with the position of the Sun.

The analysts forecast the global solar PV tracker market to grow at a CAGR of 22.04% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global solar PV tracker market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Global Solar PV Tracker Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Arctech
  • Array Technologies
  • Convert Italia
  • First Solar
  • NEXTracker
Other prominent vendors
  • Abengoa
  • AllEarth Renewables
  • Edisun Microgrids
  • Exosun
  • GameChange Solar
  • Haosolar
  • Mahindra Susten*
  • Scorpius Trackers
  • Solar FlexRack
  • Soltec
  • Sun Action Trackers
  • SunLink
  • SunPower
Market drivers
  • Declining cost of solar energy
  • For a full, detailed list, view the full report
Market challenges
  • Competition from alternative sources of energy
  • For a full, detailed list, view the full report
Market trends
  • Emergence of microgrid and green telecom
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
READ MORE
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Abengoa
  • Array Technologies
  • Exosun
  • Haosolar
  • Scorpius Trackers
  • Sun Action Trackers
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION
  • Market outline
PART 05: MARKET LANDSCAPE
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: MARKET SEGMENTATION BY TECHNOLOGY
  • Segmentation by technology
  • Comparison by technology
  • Solar PV - market size and forecast
  • CSP - market size and forecast
  • Market opportunity by technology
PART 07: MARKET SEGMENTATION BY PRODUCT
  • Segmentation by product
PART 08: REGIONAL LANDSCAPE
  • Geographical segmentation
  • Regional comparison
  • Americas - market size and forecast
  • APAC - market size and forecast
  • EMEA - market size and forecast
  • Market opportunity
PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 11: MARKET TRENDS
  • Emergence of microgrid and green telecom
  • Increasing conversion efficiency of solar PVs
  • Emergence of smart cities
PART 12: VENDOR LANDSCAPE
  • Competitive scenario
PART 13: VENDOR ANALYSIS
  • Vendor overview
  • Arctech
  • Array Technologies
  • Convert Italia
  • First Solar
  • NEXTracker
PART 14: APPENDIX
  • List of abbreviations
List of Exhibits
Exhibit 01: Global solar PV tracker market 2017-2021: Segmentation
Exhibit 02: Global solar PV tracker market 2016-2021 (GW)
Exhibit 03: Utility-scale solar net electricity generation in the US 2007-2016 (thousand MWh)
Exhibit 04: Five forces analysis
Exhibit 05: Global solar PV tracker market by technology - market size and forecast 2016-2021 (%)
Exhibit 06: Comparison by technology
Exhibit 07: Global solar PV tracker market by solar PV segment - market size and forecast 2016-2021 (GW)
Exhibit 08: Global solar PV tracker market by solar PV segment - year-over-year growth 2017-2021 (%)
Exhibit 09: Global solar PV tracker market by CSP segment - market size and forecast 2016-2021 (GW)
Exhibit 10: Global solar PV tracker market by CSP segment - year-over-year growth 2017-2021 (%)
Exhibit 11: Global solar PV tracker market by geography - market size and forecast 2016-2021 (%)
Exhibit 12: Regional comparison
Exhibit 13: Solar PV tracker market in the Americas - market size and forecast 2016-2021 (GW)
Exhibit 14: Solar PV tracker market in the Americas - year-over-year growth 2017-2021 (%)
Exhibit 15: Annual installations of solar PV systems in the US 2012-2016 (GW)
Exhibit 16: Solar PV tracker market: Top three countries in the Americas
Exhibit 17: Solar PV tracker market in APAC - market size and forecast 2016-2021 (GW)
Exhibit 18: Solar PV tracker market in APAC - year-over-year growth 2017-2021 (%)
Exhibit 19: Solar power capacity and targets in major APAC countries
Exhibit 20: Solar PV tracker market: Top three countries in APAC
Exhibit 21: Solar PV tracker market in EMEA - market size and forecast 2016-2021 (GW)
Exhibit 22: Solar PV tracker market in EMEA - year-over-year growth 2017-2021 (%)
Exhibit 23: CSP projects in EMEA (under construction or planning phase), August 2017
Exhibit 24: Solar PV tracker market: Top three countries in EMEA
Exhibit 25: Indexed cost of utility-scale solar PV systems, 2009-2016 (2009=100%)
Exhibit 26: Indexed investment in the global renewable energy 2006-2016 (%)
Exhibit 27: Power generation pattern by 1 kW solar PV module in a day
Exhibit 28: Intermittency and its impact on power systems
Exhibit 29: Energy consumption from renewable sources in the US 2010-2016 (trillion Btu)
Exhibit 30: Global crude oil price 2011-2016 ($/bbl)
Exhibit 31: Global mobile cellular subscriptions per 100 people 2011-2016
Exhibit 32: Conversion efficiency of crystalline silicon cells 2010-2020 (%)
Exhibit 33: Arctech: Key products
Exhibit 34: Array Technologies: Key products
Exhibit 35: Convert Italia: Key products
Exhibit 36: NEXTracker: Key products
Note: Product cover images may vary from those shown
3 of 5

Loading
LOADING...

4 of 5

FEATURED COMPANIES

  • Abengoa
  • Array Technologies
  • Exosun
  • Haosolar
  • Scorpius Trackers
  • Sun Action Trackers
  • MORE
New Report Released: – Global Solar PV Tracker Market 2017-2021

The author of the report recognizes the following companies as the key players in the global solar PV tracker market: Arctech, Array Technologies, Convert Italia, First Solar, and NEXTracker.

Other Prominent Vendors in the market are: Abengoa, AllEarth Renewables, Edisun Microgrids, Exosun, GameChange Solar, Haosolar, Mahindra Susten*, Scorpius Trackers, Solar FlexRack, Soltec, Sun Action Trackers, SunLink, and SunPower.

Commenting on the report, an analyst from the research team said: “One trend in the market is emergence of microgrid and green telecom. There has been an extraordinary development in the global telecom sector. Telecom operators have been installing new base transceiver stations (BTS) to support the explosion in data traffic. As per the World Bank, the global mobile cellular subscription per 100 persons increased from 84 in 2011 to 102 in 2016, which is driving the need for installation of additional BTS to provide a better network coverage, globally.”

According to the report, one driver in the market is declining cost of solar energy. In the past, the high cost and intermittent nature of renewables were the major hurdles to the adoption of solar energy. Energy storage technologies not only bridges the gap but also increases the penetration of renewable energy in hybrid systems. For instance, a typical solar PV normally converts approximately 15% of power. However, with the addition of a battery system, the power generated from solar PVs can go beyond 50%. Renewable penetration means the amount of renewables that can be added to the system output. For instance, a renewable penetration of 20% means that for 1 MW of installed generator capacity, 200 kW of renewable power can be added.

Further, the report states that one challenge in the market is competition from alternative sources of energy. Solar energy faces competition from other sources of energy such as wind, hydropower, and fossil fuels. According to the Wind Energy Council, the adoption of wind energy to generate electricity has been on the rise in the recent past, with the global addition of approximately 54.60 GW of capacity in 2016. The global cumulative wind power capacity stood at 496 GW in 2016 and targets over 800 GW of solar installations by 2021. The global offshore wind power capacity grew at a CAGR of 28.43% during 2011-2016. Wind energy contributed 46.56% to the total renewable energy investments in 2016.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
5 of 5
  • Arctech
  • Array Technologies
  • Convert Italia
  • First Solar
  • NEXTracker
  • Abengoa
  • AllEarth Renewables
  • Edisun Microgrids
  • Exosun
  • GameChange Solar
  • Haosolar
  • Mahindra Susten*
  • Scorpius Trackers
  • Solar FlexRack
  • Soltec
  • Sun Action Trackers
  • SunLink
  • SunPower
Note: Product cover images may vary from those shown
6 of 5
Note: Product cover images may vary from those shown
Adroll
adroll