Thursday, 19 March 2015

Solar Tracker Market Segment Forecasts up to 2019, Research Reports:Transparency Market Research


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.

Browse All Energy & Mining Research Reports @ http://www.transparencymarketresearch.com/energy-market-reports-3.html

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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