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Global Solar PV Tracker Market Share 2019 Competition, Trade Overview and Development to 2023

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Solar PV Tracker Market Research Report by Solar Power Type, by Tracking type, Drive system, By End-User, Forecast till 2023

Market Scenario

The global energy industry is witnessing a drastic change from completely depending on fossil fuel plants, such as coal and oil, to renewable energy sources, such as solar, wind, and geothermal for power generation. One of the main concerns about the renewable energy resources has always been their low power production capacity compared to the conventional sources. For instance, a coal power plant with the latest technology can operate at an efficiency of 35% at its prime operating conditions and in hydropower plants, it can be much higher at 95%. However, even with the latest development and advancement in solar technology, the maximum efficiency of a solar panel at laboratory conditions stand at 24%. In real-world operating conditions, this value drops even further and hovers around 15%-18% depending on the type of technology and operating areas. This is a significant disadvantage of a renewable energy system, especially solar energy, which has a further downside of not being able to generate power during the night.

One of the ways of increasing the solar power generation efficiency is by using a solar tracker with the PV systems. A solar tracker works with the prime objective of keeping the solar panel under best possible insolation from sun compared to fixed solar panels. This is a game changer in the solar industry, as it is proved by experiments that solar trackers can actually increase the operational efficiency by up to 15% to 30% than the traditional fixed panel setup, depending on regions of operation. There are several types of solar tracking systems available in the market.

Global solar PV tracker market has been segmented based on power generation type, tracking system type, tracking control systems type, end-use industries, and region. Based on power generation type, it is classified into CSP that includes parabolic through, power towers, linear Fresnel, 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.

The solar PV tracking market industry is expected to majorly benefit in the coming years due to increased solar power installations around the world. The market for solar PV trackers is expected to witness huge growth in countries such as India, China, and Latin American countries.

Browse Full Report @ https://www.marketresearchfuture.com/reports/solar-pv-tracker-market-5874

Key Players

The key players of the global solar PV tracker market are Arctech Solar (India), Convert Italia (Italy), Exosun (U.S.), First Solar (U.S.), Grupo Clavijo (Spain), Ideematec (Germany), Mahindra Susten (India), NClave (Spain), NEXTracker (U.S.), PV Hardware (U.S.), Scorpius Trackers (India), Solar Steel(Spain), Soltec(U.S.), STi Norland (Spain), Sun Action Trackers (U.S.), SunLink (U.S.), and SunPower (U.S.).

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact Info:

Company Name: Market Research Future

Email: sales@marketresearchfuture.com

Address: Market Research Future Office No. 528,

Amanora Chambers Magarpatta, Road, Pune, India.,

Phone: +1 646 845 9312

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