Solar Tracker Market Share, Size, Growth and Forecast to 2020 Radiant Insights, Inc
The global solar tracker market is expected to reach USD 2.14 billion by 2020. Solar photovoltaic (PV) technology dominated the solar tracking market accounting for over 49 % of the total installed capacity in 2013. Solar PV is employed for to minimize the angle of incidence between a PV panel and the incident sun rays. Europe continued its dominance in global solar tracker market and accounted for over 28% of the total installed capacity in 2013. Increasing environmental norms and governmental regulations for using conventional fossil fuels were major factors that led to the development of solar power plants. The increasing acreages of solar power plants further boosted the solar tracker market growth. Latin America is anticipated to be the fastest growing regional market, at an estimated CAGR of 22.5% from 2014 to 2020. Increasing demand for electricity and rising concerns for sustainable and renewable energy, especially in Brazil, Mexico and Argentina is anticipated to augment the solar tracker market growth over the next six years. Access This Full Report @ http://www.radiantinsights.com/research/solar-tracker-market-analysis-by-technology-solar-pv-cpv-csp-by-product-single-axis-dual-axis-by-application-utility-non-utility-and-segment-forecasts-to-2020 Further key findings from the study suggest: Global solar tracker market installed capacity was 2,874.2 MW in 2013 and is expected to reach 6,998.8 MW by 2020, growing at a CAGR of 12.2% from 2014 to 2020. Concentrated photovoltaic (CPV) is expected to be the fastest growing technology for solar tracker market and is anticipated to grow at a CAGR of 18.1% from 2014 to 2020. Increasing demand for accurate tracking and capture of maximum solar energy in solar power plants is expected to fuel the demand for CPV technology over the next few years. Single axis solar trackers are the most widely used products in the market. Increasing applications of these trackers owing to their flexibility to align in any direction and advancements in technology have been the key factors responsible for the increase in demand.
The global solar tracker market is expected to reach USD 2.14 billion by 2020. Solar photovoltaic (PV) technology dominated the solar tracking market accounting for over 49 % of the total installed capacity in 2013. Solar PV is employed for to minimize the angle of incidence between a PV panel and the incident sun rays.
Europe continued its dominance in global solar tracker market and accounted for over 28% of the total installed capacity in 2013. Increasing environmental norms and governmental regulations for using conventional fossil fuels were major factors that led to the development of solar power plants. The increasing acreages of solar power plants further boosted the solar tracker market growth. Latin America is anticipated to be the fastest growing regional market, at an estimated CAGR of 22.5% from 2014 to 2020. Increasing demand for electricity and rising concerns for sustainable and renewable energy, especially in Brazil, Mexico and Argentina is anticipated to augment the solar tracker market growth over the next six years.
Access This Full Report @ http://www.radiantinsights.com/research/solar-tracker-market-analysis-by-technology-solar-pv-cpv-csp-by-product-single-axis-dual-axis-by-application-utility-non-utility-and-segment-forecasts-to-2020
Further key findings from the study suggest:
Global solar tracker market installed capacity was 2,874.2 MW in 2013 and is expected to reach 6,998.8 MW by 2020, growing at a CAGR of 12.2% from 2014 to 2020.
Concentrated photovoltaic (CPV) is expected to be the fastest growing technology for solar tracker market and is anticipated to grow at a CAGR of 18.1% from 2014 to 2020. Increasing demand for accurate tracking and capture of maximum solar energy in solar power plants is expected to fuel the demand for CPV technology over the next few years.
Single axis solar trackers are the most widely used products in the market. Increasing applications of these trackers owing to their flexibility to align in any direction and advancements in technology have been the key factors responsible for the increase in demand.
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39. Germany solar tracker market revenue, by product, 2012-<strong>2020</strong>, (USD Million)<br />
40. Germany solar tracker market installed capacity, by application, 2012-<strong>2020</strong>, (MW)<br />
41. Spain solar tracker market installed capacity, by technology, 2012-<strong>2020</strong>, (MW)<br />
42. Spain solar tracker market installed capacity, by product, 2012-<strong>2020</strong>, (MW)<br />
43. Spain solar tracker market revenue, by product, 2012-<strong>2020</strong>, (USD Million)<br />
44. Spain solar tracker market installed capacity, by application, 2012-<strong>2020</strong>, (MW)<br />
45. Asia Pacific solar tracker market installed capacity, by technology, 2012 - <strong>2020</strong> (MW)<br />
46. Asia Pacific solar tracker market installed capacity, by product, 2012 - <strong>2020</strong> (MW)<br />
47. Asia Pacific solar tracker market revenue, by product, 2012 - <strong>2020</strong> (USD Million)<br />
48. Asia Pacific solar tracker market installed capacity, by application, 2012 - <strong>2020</strong> (MW)<br />
49. Asia Pacific solar tracker market estimates <strong>and</strong> forecast, by region, 2012-<strong>2020</strong><br />
Access This Full Report @ http://www.radiantinsights.com/research/solar-tracker-market-analysisby-technology-solar-pv-cpv-csp-by-product-single-axis-dual-axis-by-application-utility-non-utility<strong>and</strong>-segment-forecasts-<strong>to</strong>-<strong>2020</strong><br />
50. China solar tracker market installed capacity, by technology, 2012-<strong>2020</strong>, (MW)<br />
51. China solar tracker market installed capacity, by product, 2012-<strong>2020</strong>, (MW)<br />
52. China solar tracker market revenue, by product, 2012-<strong>2020</strong>, (USD Million)<br />
53. China solar tracker market installed capacity, by application, 2012-<strong>2020</strong>, (MW)<br />
54. India solar tracker market installed capacity, by technology, 2012-<strong>2020</strong>, (MW)<br />
55. India solar tracker market installed capacity, by product, 2012-<strong>2020</strong>, (MW)<br />
56. India solar tracker market revenue, by product, 2012-<strong>2020</strong>, (USD Million)<br />
57. India solar tracker market installed capacity, by application, 2012-<strong>2020</strong>, (MW)<br />
58. Japan solar tracker market installed capacity, by technology, 2012-<strong>2020</strong>, (MW)<br />
59. Japan solar tracker market installed capacity, by product, 2012-<strong>2020</strong>, (MW)<br />
60. Japan solar tracker market revenue, by product, 2012-<strong>2020</strong>, (USD Million)<br />
61. Japan solar tracker market installed capacity, by application, 2012-<strong>2020</strong>, (MW)
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