DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Solar Tracker Market Trend Analysis By Technology, By Product, By Application And Segment Forecasts, 2014 - 2025" report to their offering.
The global solar tracker market is expected to reach 14.62 GW installed capacity by 2025, according to this new report. Rising demand for renewable energy in developing countries is expected to drive demand for the solar tracker. The product exhibits the ability to generate electricity in the same amount of space needed for fixed-tilt systems which make them an ideal product for optimum land usage. Solar trackers have the ability to increase the direct exposure by around 20% - 30% as they improve the precision in sunlight tracking. The major restraining factor is the high costs involved in the installation of solar trackers.
Prevalence of supporting regulations in North America is expected to be a key factor responsible for the high growth. Reduction in feed-in tariff rate has hampered market growth, however, the incentive schemes under the Italian legislative regime, highest global subsidies for RES (Renewable Energy Sources) is expected to drive market demand.
The European capacity was 1.06 GW in 2015 and is anticipated to witness significant rise on account of numerous installations in France, Spain, Italy, Greece, and Germany.
In April 2015, SunPower Corporation announced its plans to partner with Apple to construct two solar power projects totaling 40 MW in Qiang Autonomous Prefectures and ABA Tibetan, Sichuan Province in China.
Key Topics Covered:
1. Methodology & Scope
2. Executive Summary
3. Solar Tracker Market Variables, Trends and Scope
4. Solar Tracker Market: Technology Estimates & Trend Analysis
5. Solar Tracker Market: Product Estimates & Trend Analysis
6. Solar Tracker Market: Application Estimates & Trend Analysis
7. Solar Tracker Market: Regional Estimates & Trend Analysis
8. Competitive Landscape
9. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/4r7zwm/solar_tracker