The global demand for PV Trackers Market is presumed to reach the valuation of nearlyUSD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022-2028.
PV tracker or photovoltaic tracker is a device used to increase solar yield and electricity production. It follows the sun’s track from it’s rising in the east to its setting in the west. PV trackers are elegantly designed to face the sun directly all day with the ability to capture light and then to convert into electricity.
The growing energy demand globally along with the favorable government initiatives is driving the market growth. Rising demand from commercial and residential organizations is again boosting the market growth. However, high installation cost associated with the PV trackers is likely to hinder the market growth. Whereas, developing economies are upgrading their energy infrastructure to meet the rising demand for power and taking measures to control future energy consumption is likely to create demand over the forecast timeframe.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of PV trackers.
The entire PV trackers market has been sub-categorized into application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
This section covers regional segmentation which accentuates on current and future demand for PV trackers market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global PV Trackers Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the PV trackers market include Abengoa Solar, S.A., AllEarth Renewables, Inc., Array Technologies, Inc., DEGERenergie GmbH, Energia Ercam SL, First Solar, Inc., Grupo Clavijo Elt SL, Mecasolar Espana SL, Mechatron S.A., Powerway Renewable Energy Co., Ltd., SmartTrak Solar Systems Pvt. Ltd., SunPower Corporation, Titan Tracker SL, and Wuxi Hao Solar Technology Co. Ltd. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.