Global Solar Tracker Market to Grow at a CAGR of 18% by 2023 – Key Players are Abengoa Solar, Array Technologies, First Solar, GrupoClavijo, Mechatron & NEXTracker – Research and Markets
DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Global
Solar Tracker Market Insights, Opportunity, Analysis, Market Shares And
Forecast 2017 – 2023” report to their offering.
The global solar tracker market is expected to grow with the CAGR of
approximately 18.3% during the forecast period (2016-2023).
The factors that are supporting to drive the growth of the solar tracker
market are increasing smart city projects, innovations in solar
trackers, increasing awareness regarding renewable energy sources and
reducing cost of solar energy. According to Eurostat, the gross
electricity generation from renewables in 2015 grew by 4.0 % as compared
to 2014. In 2015, the renewable electricity generation held to 29 % of
overall gross electricity generation.
Solar power electricity generation has grown rapidly in the recent
years. In 2015, it has accounted for 12 % of total renewable
electricity. The primary production of renewables in 2015 increased by
3.8 % as compared to 2014. Renewables generate over 20% of the UK’s
electricity and EU targets signify that it is expected to rise to 30% by
2020. Since 2020, renewable energy will remain to be a vital part of the
strategy in order to decline carbon emissions.
Companies Mentioned
- Arm Holdings
- Cisco System
- Cradle Point
- Dell
- Fog Horn System
- Fujitsu
- GE
- Hitachi
- IBM
- Intel
- Microsoft Corporation
- Nebbiolo
- Prismtech Corporation
- Schneider
- Toshiba
Key Topics Covered:
1. Introduction
2. Market Overview
3. Market Determinants
4. Market Segmentation
5. Competitive Landscape
6. Geographical Analysis
7. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/74bg47/global_solar
Contacts
Research and Markets
Laura Wood, Senior Manager
[email protected]
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Related
Topics: Solar
Power
