Solar trackers are used for increasing the power output from solar receivers and solar panels. These devices follow the motion of the sun, that is, from east to west every day, and keep the orientation of the solar panels/solar collectors toward the sun. This technique significantly increases the amount of sunlight falling on the solar energy collectors, which in turn, increases the power output. These devices have the ability to improve the energy output of solar panels by nearly 20—30%, thereby enhancing the economies of the overall solar energy project.
One of the key factors fueling the demand for solar trackers is the increasing requirement of solar energy in commercial, industrial, and residential applications. Moreover, there has been a drastic shift toward the use of solar energy over the last few years, primarily due to the increasing emissions and environmental damage caused because of the large-scale utilization of fossil fuels to generate power. In addition to this, many people are increasingly adopting solar trackers for residential purposes, mainly for increasing electricity conversion rates.
Get a sample copy of this report:
https://www.psmarketresearch.com/market-analysis/solar-tracker-market/report-sample
Besides the aforementioned factors, the surging implementation
of favorable government initiatives in several countries such as Japan, in the
form of investments and feed-in tariffs, for promoting the usage of solar
energy is also pushing up the requirement of solar trackers. As a result,
the global solar tracker market is predicted to demonstrate
unprecedented growth in the future years, according to the forecast of P&S
Intelligence, a market research company based in India.
Globally, North America is
currently observing the highest usage of solar trackers. This is attributed to
the rapidly declining prices of solar panels and the increasing enactment of
strict environmental policies and regulations in many North American countries
for mitigating the carbon emission levels. For example, “as per the National
Renewable Energy Laboratory (NREL), module costs for commercial PV systems
decreased from USD 1.88/W in 2017 to USD 1.83/W in 2018, witnessing a decline
of around 3%”.
0 Comments