Analysts forecast
the Global Solar
Tracker market to grow at a CAGR of 15.8 percent over the period
2013-2018. One of the key factors contributing to this market growth is the
increasing CUF of solar power plants. The Global Solar Tracker market has also
been witnessing the increasing investment in the market. However, the high
maintenance cost could pose a challenge to the growth of this market.
Global Solar Tracker
Market 2014-2018, has been prepared based on an in-depth market analysis with
inputs from industry experts. The report covers the Americas, and the EMEA and
APAC regions; it also covers the Global Solar Tracker market landscape and its
growth prospects in the coming years. The report also includes a discussion of
the key vendors operating in this market.
The Report indicates
the growth of the Global Solar Tracker Market is due to increasing demand for
renewable energy sources around the globe. Market growth is also dependent on
the cost-effectiveness of the solar tracker industry, as well as technological
advancements in the field. Moreover, many vendors are investing a huge amount
of funds in R&D activities to develop better technology and increase the
durability and reliability of solar trackers for use in high-capacity projects.
More solar energy consumption as well as the benefits associated with solar
trackers, and government support for renewable energy projects like solar
energy are all major factors propelling the growth of the market.
Key vendors
dominating this space are ENERGIA ERCAM S.A, Mecasolar, and Mechatron S.A.
Other vendors
mentioned in the report are Abengoa Solar Inc., Array Technologies Inc., Amonix
Inc., AllEarth Renewables, Bombard Electric, LLC, DEGERenergie GmbH, Frontier
Technology Group Ltd, HelioPower Inc., Heliotrack LLC, Haosolar Co. Ltd,
Lauritzen Inc., SmartTrak, Soitec SA, SolarTec USA, Solar FlexRack, Titan
Tracker Inc., Trabant Solar, and Van der Valk Solar Systems BV.
