It
states that the solar tracker market in MEA had reached a value of
US$58.7 million in 2012 and is likely to reach US$308.7 million in
2019, increasing at a 31.9% CAGR during the period of 2013 to 2019.
Browse
the full Solar Tracker Market report at
http://www.transparencymarketresearch.com/mea-solar-tracker-market.html
Solar
trackers are devices employed to orient photovoltaic panels or other
devices such as lenses and reflectors towards the sun to use maximum
sunlight. Solar modules are made in a manner that allows them to
collect maximum energy from the sun. The application of tracking
technology permits solar panels to track the movement of the sun and
amplify electricity production compared to a stationary arrangement.
The market research report evaluates the solar trackers market on the
basis of technology, product type, application, and geography. The
key technologies applied in the solar trackers industry are CSP,
solar PV, and CPV. Product-wise, single axis tracker and dual axis
tracker are the two segments of the solar tracker market in the
Middle East and Africa.
Solar
trackers are widely employed in utility-scale solar projects,
residential projects, and other commercial projects. At present, the
solar energy market majorly uses concentrated photovoltaic technology
due to the various benefits it offers. Dual axis trackers are more
expensive than single axis trackers. The comparatively low production
cost of concentrated photovoltaic technology also ensures energy
generation at a lower cost.The United Arab Emirates led the solar
tracker market in 2012 and held more than 80% of the annual revenue
of the solar tracker market in the Middle East and Africa. South
Africa followed next in line. A major issue challenging the South
Africa market is that despite untapped potential in the field of
renewable energy sources, the solar tracker market in this region is
constricted owing to lack of adequate investments and research and
development activities.
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South
Africa and Saudi Arabia are estimated to experience a surge in the
solar tracker industry because of the rise in competition across the
value chain, resulting in the decrease in prices of solar PV.
Increasing popularity and rising competition between vendors in the
Middle East and Africa is likely to add to the market development,
which in turn, is likely to propel the overall demand for solar
tracker in the near future.
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All Energy & Mining Research Reports @
http://www.transparencymarketresearch.com/energy-market-reports-3.html
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