The latest market research report from Reports and Data, Global Solar PV Tracker Market, discusses a number of factors affecting revenue for the global Solar PV Tracker Market. As well as providing accurate market projections for the global market size and revenue share for key segments, the report also provides regional market projections. By analyzing the key market segments, this report provides readers with in-depth insight into the Solar PV Tracker Market and helps them make more informed business decisions. It also provides key information on the leading manufacturers, distributors, suppliers, and buyers. There are five regions in which the Solar PV Tracker Market is segmented based on region, including North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. As well as highlighting the current and emerging opportunities and trends for growth in these regional markets, this section of the report provides key insights into their year-over-year revenue growth rate. This report highlights the key market dynamics, including growth drivers, restraints, opportunities, threats, and challenges as well as micro and macroeconomic factors.
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The global Solar PV Tracker Market size was USD 9.93 billion in 2020 and is expected to register a revenue CAGR of 10.4% during the forecast period. Increasing use of solar power, rising awareness about green energy, and increasing demand for Renewable Energy sources are some of the major factors driving global Solar PV Tracker Market revenue growth. Solar tracker is a device that shifts the orientation of solar modules throughout the day to follow the path of the sun to harness Solar Energy more efficiently. It comprises different electrical components such as motors, actuators, and a sensor. This technology helps to absorb more energy and reflects less light as compared to traditional solar panels.
A rapid increase in global population, fast-paced urbanization, a rise in industrial operations, a substantial increase in electricity and power demand, and an increase in the consumption of power and energy resources by consumers, businesses, and governments provide impetus to the global market revenue growth. There are also several key factors contributing to the growth of this industry, including increased government investments in the power & energy sector, an increase in power generation activities, an increase in oil & gas production & exploration activities, and the rapid adoption of renewable and sustainable energy resources in the manufacturing, transportation, logistics, health care, and information technology sectors.
Top companies profiled in the report are:
- AllEarth Renewables, Inc.,
- Sun Action Trackers,
- NEXTracker, Inc.,
- Solar Steel,
- Soltec,
- PV Hardware;
- Artech Solar;
- Exosun,
- NClave,
- Powerway Renewable Energy Co. Ltd.
Regional Segmentation:
- North America (U.S.A., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of Europe)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Key Points Explained in the Regional Outlook Section:
- Regional market revenue share over the forecast period
- Key factors contributing to the regional market growth over the forecast period
- Vital information related to each regional market
- Leading companies in each regional market, as well as the leading products of these companies
- Detailed study of the supply & demand ratios and production & consumption patterns in each regional market
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Global Solar PV Tracker Market Report – Table of Contents:
Report Overview:
- Research Scope
- Key market segments
- Leading market players
- Market segmentation by type
- Market segmentation by application
- Market segmentation by geography
- Key learning objectives
- Report timeline
Market Segmentation:
- 1 Global Solar PV Tracker Market sales by product type
- 2 Global Solar PV Tracker Market revenue by application type
Competitive Overview:
- Global Solar PV Tracker Market size by manufacturer
- Global Solar PV Tracker Market key players
- Products/solutions/services by the major players
- New market entrants
- Mergers, acquisitions, joint ventures, and expansion strategies
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