Global Solar Farm Automation Market 2016-2020
About Solar Farm Automation
A solar tracker is a device used to orient a solar panel or align a solar reflector or lens toward the sun. It ensures that the solar modules remain in the best position to harness the maximum energy from the sun. A solar tracker is bound to the panel so that the position of the latter can be changed based on the sun's position throughout the year. Solar tracking is an effective way to increase the efficiency of each solar panel. The two types of trackers used to increase the output from solar farms are single-axis and dual-axis solar trackers.
Technavio’s analysts forecast the global solar farm automation market to grow at a CAGR of 17.03% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global solar farm automation market for 2016-2020.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Solar Farm Automation Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Solar Farm Automation Market: ABB, AllEarth Renewables, DEGER, Emerson Electric, First Solar, and Mecasolar.
Other Prominent Vendors in the market are: Abengoa Solar, Array Technologies, Arzon Solar, Energía ERCAM, Frontier Technology, General Electric, GRUPO CLAVIJO ELT, Haosolar, Heliopower, Honeywell International, Mitsubishi Electric, NEXTracker, Rockwell Automation, Siemens, Smarttrak Solar Systems, Trabant Solar, and Yokogawa Electric.
Commenting on the report, an analyst from Technavio’s team said: “The price of solar farm automation solutions has declined considerably. This has put intense pressure on the profit margin of distributors. Thus, distributors, apart from selling automation equipment and software, are identifying ways to improve contractors' worth. Distributors are also forming partnerships with contractors on solar projects, including integrated and turnkey solutions. By offering a one-stop shop for project finance and automation equipment and solutions, distributors are strengthening relationships with the contractors. This reduces distributors' customer acquisition costs, and enhances revenue.”
According to the report, the adoption of solar trackers increases the efficiency of solar farms by 40%-45%. According to AllEarth Renewable, the adoption of company's dual axis solar tracker produces more than 50% energy compared to fixed solar panels. Similarly, DEGER claims that adoption of its DEGERtracker generates an additional 45% yield compared to fixed PV modules. Mecasolar, the dual axis solar tracker, produces 35% more energy compared to fixed installations.
Further, the report states that high storage costs of solar energy discourage the utilities and non-utilities sectors from investing in solar power farms. This has a direct impact on the growth of the global solar farm automation market.
ABB, AllEarth Renewables, DEGER, Emerson Electric, First Solar, Mecasolar, Abengoa Solar, Array Technologies, Arzon Solar, Energía ERCAM, Frontier Technology, General Electric, GRUPO CLAVIJO ELT, Haosolar, Heliopower, Honeywell International, Mitsubishi Electric, NEXTracker, Rockwell Automation, Siemens, Smarttrak Solar Systems, Trabant Solar, Yokogawa Electric.