A
solar tracker permits solar panels to follow the solar movement and
amplify electricity generation by around 20% to 40%. The employment
of solar trackers have positively impacted the revenue generated from
the large solar power units, credited to which tracking systems are
being more utilized in utility scale solar installations. Also, the
solar tracker market is receiving immense attention owing to the
increased focus on non renewable energy sources.
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the full Solar Tracker Market report at
http://www.transparencymarketresearch.com/mea-solar-tracker-market.html
Unstable
nature of the energy demand coupled with the irregular fuel prices is
likely to bolster Middle East and Africa solar tracker markets.
Feed-In Tariff initiatives are expected to encourage the usage of the
solar power generation, which in turn will fuel the market growth in
the near future. On the other hand, the high cost related to solar
tracker installation and maintenance can limit growth of the Middle
East and Africa solar tracker industries.
The
solar tracker market in the Middle East and Africa amounted US$58.7
million in 2012. By 2019, the market is expected to generate US$308.7
million in total, developing at a 31.9% CAGR during the period from
2013 to 2019.
The
markets for utility and non-utility applications are the key
application markets for the solar tracker industry in the region. The
utility solar tracker market dominated the overall industry in 2012.
This trend is expected to continue over the next few years.
Single
Axis Solar Trackers, CSP, and Utility Solar Power Generation: Future
of Solar Tracker Market in Middle East and Africa
Single
axis solar trackers are the most commonly utilized products in the
global solar tracker industry accounting for more than 90% of the
overall revenue generated by this market in 2012. The single axis
product market is likely to lead the solar tracker market in Middle
East and Africa in the coming years. The simplistic handling and
lower cost has supported the single axis tracker market to sustain
insistently in the previous years. The increased employment of these
trackers coupled with the development in technology is the main
factor encouraging growth of the solar tracker market in this region.
However, these trackers are complicated assemblies and require
maintenance on a regular basis.
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Solar
PV was a dominant technology in 2012 owing to the simplicity of PV
cells, which are also compatible with the standard PV module
technologies. CPV is likely to register the fastest growth in the
market based on the technology used. The increase in the demand for
accurate tracking and capturing of maximum solar energy in facilities
is likely to trigger the demand for CPV technology in the coming
years. CSP is an emergent technology and is expected to dominate the
market in near future.
In
2012, the solar tracker market in the Middle East was headed by UAE.
The country accounted for over 84% share of this market. The increase
in the competition over the entire value chain is resulting in the
decline in the solar PV prices. It is in turn expected to provide
momentum to the solar tracker market in Saudi Arabia as well as South
Africa.
The
solar tracker market in the Middle East and Africa is highly
fragmented. However, some of the enterprises in this market have
succeeded in sustaining their brand equity over the past couple of
years owing to their global presence.
The
major participant operating in the solar tracking market in the
Middle East and Africa are SunPower Corporation, Soitec SA,
SunEdison, Abengoa Solar, Yingli Solar, First Solar, Qbotix,
BrightSource Energy Inc., Haosolar Co. Ltd., Amonix Inc., Energia
Ercam, and Mecasolar.
In
2010, Haosolar qualified emerged as the biggest producer of solar
tracker accounting for about 23% share of the overall market on the
basis of the annual installed capacity. Subsequent were Abengoa Solar
and SunPower at second and third position, respectively. At present,
Qbotix has become popular following the launch of innovative robotic
devices, which help in the maintenance of the solar trackers
throughout operation.
Browse
Press Release Of Solar Tracker Market
http://www.transparencymarketresearch.com/pressrelease/mea-solar-tracker-market.htm
Other
prominent players in this market are Frontier Technology Group Ltd.,
Solar FlexRack, Ecosun Ltd., AllEarth Renewables Inc., Array
Technologies Inc., and Titan Tracker Inc.
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