Other Prominent Vendors in the market are: Abengoa, Amonix, Helio Power, Smart Trak and Trabant Solar
Commenting on the report, an analyst said: “Advancements in solar tracking technology are focusing on the efficient use of materials and, thereby, increasing reliability. For instance, the combination of highly advanced actuation systems for north-south solar tracking and rotary drives for east-west solar tracking is a recent technological accomplishment in the market. Use of technology increases the efficiency of the panel which ultimately boosts the overall output of the solar power plants.”
According to the report, the use solar trackers improves the efficiency of solar power plants. A single-axis tracker increases the output of a solar power plant by a minimum of 30%-35% whereas dual-axis trackers increase it by an additional 6%. The single-axis tracker with horizontal axle is primarily used in tropical regions, where the sun is high at noon and days are short. The vertical axle is installed in high latitude regions where the days are long, and the sun doesn’t get high. Improved efficiency of solar power plants will boost the market for solar trackers during the forecast period.
Further, the report states that high maintenance and installation costs will restrict the growth of the solar tracker market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Source: ASDReports - Market Research
Date: Oct 12, 2015