Global Dual Axis Solar Tracker Market – Global Industry Analysis and Forecast (2Posted by rahul on March 26th, 2021 Global Dual Axis Solar Tracker Market was valued US$ 3.02 Bn in 2019 and is expected to reach US$ 9.50 Bn by 2026, at a CAGR of 15.40% during a forecast period. The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region wise. The dual-axis solar trackers can be used to boost the net energy generation from solar power plants. The dual-axis trackers are rotating through both axis such as the x and y-axis, which helps to generate nearly about 8% to 10% more energy than single-axis trackers. Dual-axis trackers can deliver about 35% more solar energy than a fixed-tilt mount, but it has a slightly higher cost than single-axis trackers. The report analyses factors like drivers, restraints, and challenges, which affect the market from the demand and supply side, and further evaluates market dynamics during the forecast period. The technological benefits associated with the dual-axis solar tracker is one of the key drivers of the global dual axis solar tracker market. Increasing concern regarding pollution affected from conventional sources of energy has expected to explore the alternate sources of energy. The dual-axis trackers boost energy production by about 30 to 45% from solar panels over fixed installations, which results in the growth in the global dual axis solar tracker market. Strict environmental norms are expected to broadcast the solar energy development, which drives the growth in the market for dual-axis solar trackers. Growing capacities of solar-powered large-scale industries have been the key driving factor for the growth of the solar tracker market for utility applications. The rising cost of electricity coupled with the growing demand for renewable sources for energy production is projected to drive the usage of these products in the utility sector. Furthermore, the convention of solar trackers in the non-utility sector is moderately less owing to high-cost and space limitations. The Solar photovoltaic segment is estimated to dominate the growth in the global dual-axis solar tracking system. The growth can be attributed to the growing demand for ecological energy resources. Ease of installation, modest cost structure, and compact size of photovoltaic technology are a few vital parameters valued to justify the product perception. Dual-axis solar trackers are expected to grow at a high rate of CAGR during the forecast period. The growth can be attributed to its benefits such as improved performance, accuracy, and efficiency. These trackers have two degrees of freedom that helps in revolution about an axis. The two axes are, one is the primary axis and the secondary axis. The Primary axis is fixed to the ground, and the secondary axis is considered with reference to the primary axis. The report provides a detailed overview of the global dual axis solar tracker market including regional analysis information. Geographically, Europe is estimated to lead a global dual axis market. Rising environmental concerns is expected to lead rapid adoption of solar energy in European countries. The Asia Pacific is expected to hold significant growth in the global dual-axis solar tracking market owing to increasing government support for renewable energy sources in developing countries such as China & India along with growing demand for electricity. The report provides detailed information and strategies of some key players in the cosmetic packaging market. Major key players include in the global dual axis solar tracker market such as Energia Ercam, Powerway Renewable Energy Co. Ltd. Optimum Tracker. ,Wuxi Hao Solar Technology Co. Ltd. ,Haosolar Co. Ltd.,Mechatron , ,Mecasolar Espana SL ,First Solar ,Soitec ,CM Tracker , Abengoa Solar S.A., AllEarth Renewables ,Array Technologies, Inc. ,DEGE Renergie GmbH & Co. KG , ,Grupo Clavijo Elt SL,First Solar ,PV hardware ,Arctech Solar ,Ideematec ,Exosun ,STi Norland ,Scorpius Trackers ,Mahindra Susten and Convert Italia , SunPower Corporation ,Titan Tracker SL and SmartTrak Solar Systems Pvt. Ltd The report gives a clear representation of the current market scenario of the global dual-axis solar tracker market, which includes projected market size in terms of value and volume, pestle analysis, porter’s analysis factors in the market. visit at-https://www.maximizemarketresearch.com/market-report/global-dual-axis-solar-tracker-market/22493/
Global Dual Axis Solar Tracker Market, By Technology • Solar Photovoltaic (PV) • Utility • North America • Haosolar Co. Ltd. About Us: Maximize Market Research provides B2B and B2C market research on Like it? Share it! More by this author |