Portland, OR, Feb. 10, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global solar tracker installation industry was pegged at $162.8 billion in 2018 and is projected to garner $379.1 billion by 2026, registering a CAGR of 11.1% from 2019 to 2026. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and varying market trends.
Growing awareness about using renewable energy and increase in demand for solar energy from emerging economies fuel the global solar tracker installation market. However, high investment costs restrains the growth to some extent. On the other hand, rise in government initiatives and programs are anticipated to present a number of opportunities in the coming time.
Download Report Sample (233 Pages PDF with Insights) @ https://www.alliedmarketresearch.com/request-sample/6320
Covid-19 Scenarios-
- The solar tracker installation market has been through several negative impacts such as disrupted supply chain, halted manufacturing processes, and declined demand during the initial phase of the lockdown.
- The government bodies, however, have eased off certain regulation. Owing to which the industry is expected to revive soon.
The global market is segmented on the basis of type, end-use, and region. Based on type, the single-axis segment held the largest market share with around three-fourths of the global solar tracker installation market share in 2018. In addition, the segment is expected to dominate throughout the forecast period. However, the dual-axis segment is anticipated to manifest the fastest CAGR of 12.1% during the forecast period. The report also includes segments including horizontal and vertical.
Get detailed COVID-19 impact analysis on the Fire Solar Tracker Installation Market Request Here
Based on end-user industry, the industrial segment dominated the market in 2018, with more than half of the global solar tracker installation market. Furthermore, the same segment is also anticipated to manifest the fastest CAGR of 12.1% throughout the study period. The other two segments studied in the report include residential and commercial
Based on geography, the market is studied across numerous regions including Asia-Pacific, Europe, North America, and LAMEA. The region across Asia-Pacific held the highest market share with more than two-thirds of the global solar tracker installation market in 2018. The region is expected to lead the trail till 2026. However, Europe is expected to register the fastest CAGR of 12.3% by 2026.
Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business @ https://www.alliedmarketresearch.com/connect-to-analyst/6320
The key players involved in the global solar tracker installation industry include Abengoa SE, First Solar, Inc., Tata Power Solar Systems Limited, Trina Solar Co. Ltd., BrightSource Energy, Inc., Siemens AG, PVHardware, Arctech Solar, and NEXTracker.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
Get more information: https://www.alliedmarketresearch.com/library-access
Similar Reports:
Solar (PV) Tracker Market - Global Opportunity Analysis and Industry Forecast, 2019–2026
Solar Panel Market - Global Opportunity Analysis and Industry Forecast, 2019–2026
Solar Hybrid Inverter Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
Solar Charge Controller Market: Global Opportunity Analysis and Industry Forecast 2020 - 2027
Single Axis Solar PV Tracker Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
Smart Solar Power Market - Global Opportunity Analysis and Industry Forecast, 2014 - 2020
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada): +1-800-792-5285, +1-503-446-1141
International: +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
Web: https://www.alliedmarketresearch.com
Follow Us on | Facebook | Twitter | LinkedIn