Transparency Market
Research
Solar Trackers Market for Solar PV, CPV, CSP Technology in Utility and
Non Utility Applications - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast, 2010 - 2020
Published Date
2013-09-30
216 Page Report
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Press Release
Rising Electricity Prices to Drive Global Solar Trackers Market
During Forecast Period 2012 to 2018
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Solar Trackers Market
REPORT DESCRIPTION
According to a recently published study by Transparency Market Research (TMR), the global solar trackers market is
expected to reach an installed capacity of 6998.8 MW by 2020. TMR, a U.S.-based market research firm, states in its
report that the global solar trackers market, which had an annual installed capacity of 1188.5 MW in 2010, is anticipated to
reach an annual installed capacity of 6998.8 MW by 2020.
The TMR report states that the global solar trackers market is primarily driven by rising electricity prices. Solar trackers
are mainly used to enhance the capacity and efficiency of installed solar systems. Rising electricity prices are driving the
market for photovoltaics, which in turn fuel the market for solar trackers. Solar trackers ensure that the operational cost of
the installed solar system proves to be economical in the long run. Devices that are used for orienting photovoltaic panels
towards the sun in order to harness more sunlight are known as solar trackers. They ensure that the solar panels are
positioned in such a way that there is maximum accumulation of solar energy. The various parts and components that
make up a solar tracker are positioning system, sensing devices, sun-tracking algorithms, tubes, rods, control unit, drive
mechanism system, guards, and control unit.
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