Solar PV Tracker Market research report delivers erudite market data on the market drivers, present as well as upcoming growth opportunities, segment wise and region wise challenges faced by Solar PV Tracker market, competitive scenario in the global market. Solar PV Tracker Market analyst segments the market to help the buyer to understand the present as well as future market size, situations in terms of growth rate and revenue.
Solar PV Tracker market report will be mainly useful for the research Institutes, manufactures, potential investors, key executive (CEO and COO) and strategy growth manager.
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The report splits global Solar PV Tracker market into Americas, APAC, EMEA regions. The Solar PV Tracker Market report provides detailed analysis of the key players in the market which provides company overview, financial overview, service offering, different strategies used by them, and comprehensive SWOT analysis of
- Array Technologies
- Convert Italia
- First Solar
- and NEXTracker and many more
- Array Technologies
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The worldwide and regional Solar PV Tracker market elements are precisely explained which helps to understand advancing of business trends, drivers, opportunities, and difficulties for the worldwide Solar PV Tracker market.
Solar PV Tracker Market driver
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.
Solar PV Tracker Market challenge
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.
Solar PV Tracker Market trend
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
The Porter’s five forces analysis included in the report educates buyer on the current situations along with anticipated future Solar PV Tracker market size.
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The CAGR of each segment in Solar PV Tracker market along with global market (as whole) is explained with great ease. Also, global and regional Solar PV Tracker market supply chain analysis provides vital info about producers, distributers and key end-users in the market. It also explains import-export situations, affecting factors etc. to fully and deeply reveal market situations.