Global Solar PV Tracker Market 2020-2024
Technavio has been monitoring the global solar pv tracker market and it is poised to grow by USD 102.11 GW during 2020-2024, progressing at a CAGR of 39% during the forecast period. Our reports on global solar pv tracker market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by declining cost of solar energy. In addition, rise in investments in renewable energy is anticipated to boost the growth of the global solar pv tracker market as well.
Technavio’s global solar pv tracker market is segmented as below:
Solar PV, CSP
Key Trends for global solar pv tracker market growth
This study identifies rise in investments in renewable energy as the prime reasons driving the global solar pv tracker market growth during the next few years.
Prominent vendors in global solar pv tracker market
We provide a detailed analysis of around 25 vendors operating in the global solar pv tracker market, including some of the vendors such as Arctech Solar Holding Co. Ltd., Array Technologies Inc., Convert Italia SpA., First Solar Inc., Heliogen Inc., IDEEMATEC Deutschland GmbH, Mahindra Susten Pvt. Ltd., NEXTracker Inc., Soltec Energias Renovables S.L. and SunPower Corp. .
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 an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.
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