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What are Key Factors Driving Progress of Global Solar Tracker Market?



The mushrooming demand for renewable energy sources for power generation, owing to the increasing pollution level in many countries caused by the emissions produced from the large-scale utilization of conventional energy sources, is one of the biggest factors fuelling the production of solar panels, which is in turn, leading to a huge rise in the sales of solar trackers across the globe. The increasing usage of solar panels, especially in the residential sector, will significantly boost the requirement of solar trackers for improving the electricity conversion rates in these panels.


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Solar trackers are widely adopted in commercial, utility, and residential applications. Out of these, the utilization of solar trackers is currently observed to be very high in various applications pertaining to the utilities sector. This is primarily credited to the fact that the usage of solar trackers significantly increase the production of electricity, that is, by almost one-third and by upto 40% in some areas depending upon the amount of sunlight available in that region.

One of the major trends presently being witnessed in the solar tracker market is the production of solar trackers for use in various non-standard sites such as capped landfills. The solar trackers are, traditionally, mounted on the posts that are directly driven into the ground or sometimes on posts using ballast or concrete foundations. However, in certain types of terrain like capped landfills, in which invasive concrete structures or driving posts cannot be used, solar panels are placed, with the help of the floating ground mounts technology, on gravel pans, which can be easily filled with different materials.



Across the globe, North America is currently observing the highest usage of solar trackers. This is mainly ascribed to the rapidly reducing costs of solar panels and the increasing enactment of strict environmental policies and regulations for reducing the amount of carbon emissions generated from the non-renewable energy sources in the region. For instance, according to the National Renewable Energy Laboratory (NREL), the module costs of the commercial photovoltaic (PV) systems reduced from $ 1.88/Watt to $1.83/Watt from 2017 to 2 ...

News Release: What are Key Factors Driving Progress of Global Solar Tracker Market?
Submitted on: July 11, 2020 03:00:52 AM
Submitted by: Manish Baghel
On behalf of: https://www.psmarketresearch.com/market-analysis/solar-tracker-market
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