Global Solar PV Tracker Market 2017-2021 to Post 22% CAGR | Technavio

September 27, 2018

LONDON--(BUSINESS WIRE)--Sep 27, 2018--According to the market research report released by Technavio, the global solar PV tracker market is expected to accelerate at a CAGR of over 22% during the forecast period. The declining cost of solar energy is one of the key factors triggering the growth of the market.

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According to the market research report by Technavio, the global solar PV tracker market is expected to accelerate at a CAGR of over 22% until 2021. (Graphic: Business Wire)

This research report titled ’ 1 ’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.

This report is available at a USD 1,000 discount for a limited time only:

The market research analysis categorizes the global solar PV tracker market into the following technologies:

Solar PV CSP

In 2016, the solar PV segment accounted for 86% of the global market and is projected to reach 92% by 2022, exhibiting almost 6% increase in market share.

Global solar PV tracker market: Top emerging trend

The increasing conversion efficiency of solar PVs is an emerging trend in the solar PV tracker market space. Solar power is a clean and abundant source of energy. However, it is low on efficiency when compared with other sources of electricity generation. Solar PVs convert approximately 15% of the sunlight that falls on the panel into electrical power. Though the technology is constantly evolving, the conversion rate of solar PVs is no match for energy generated by burning fossil fuels.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Technavio’s report provides expert market research on the following topics:

Executive Report

Market Outline Global Solar PV Tracker Market Overview

Market Insights

Market Sizing and Forecasts Market Growth Market Drivers and Challenges Key Emerging Trends

Market Segmentation Analysis

Regional comparison (APAC, Americas, and EMEA) Key leading countries Market segmentation by technologies (solar PV and CSP)

Vendor Landscape

Vendor classification Market positioning of vendors Competitive scenario Analysis of top vendors (Arctech, Array Technologies, Convert Italia, First Solar, NEXTracker)

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20180927005962/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

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SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 09/27/2018 05:13 PM/DISC: 09/27/2018 05:13 PM


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