Climate
awareness is growing among people with every passing day. Greta
Thunberg, a Swedish 17-year-old school going girl showed the entire world
the risks of climate change. This event also highlighted the rise in amount of
awareness about climate in the world; proof of this can be seen from the
popularity of Fridays For Future & massive support
received by Greta from every nook and corner of the world.
This awareness is the key reason as to why the world leaders are turning
towards the renewables as the last resort to tightly balance both, the need of
energy as well as climate sustainability.
When
it comes to renewables, solar energy is one of the best substitutes to
fossil-based energy resources. It is an infinite source of energy with
unmatched potential, just waiting to be harnessed. In this scenario,
infrastructure needed to harness solar energy becomes extremely important and
has come a long way since its inception. Recent addition to this
state-of-the-art infrastructure is solar tracker, which now has an important
role to play and is used world over to increase the efficiency of solar panels.
So much that, Solar Tracker Market is expected to grow at a CAGR of
32.0% from 2019 to 2025, according to a research report by Grand View Research,
Inc.
For Full Research Report On Solar Tracker Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/solar-tracker-industry
Solar Trackers - What, Why & How?
Solar
tracker is a product that aids in directing payloads towards the direction of
sunlight. The payloads that are majorly used are parabolic troughs and solar
panels. It maximizes your solar system’s electricity production by moving your
panels to follow the sun throughout the day, which optimizes the angle at which
your panels receive solar radiation. Solar trackers are typically used for
ground-mounted solar panels and large, free-standing solar
installations like solar street lights.
When
solar panels are exposed to sunlight, the angle of incidence of the sunlight is
strictly kept into consideration. Minimum the angle of incidence of sunlight,
maximum the efficiency of the solar panels, leading to maximum charge
deposition in solar cells. This is where solar tracker comes into the
picture. It tracks the movement of sun and helps align the panels in such a way
that angle of incidence remains minimum, leading to increased conversion of
solar energy into electricity.
The
usage of trackers as an additional device could further improve the energy
efficiency of the application in terms of quantity of energy received through
the panels. The low maintenance cost of the product coupled with reduced
electricity costs can improve the efficiency of solar panels.
There
are two types of solar trackers -
- Single Axis Tracker - These trackers align the panels to the
north-south direction and allows the panel to arc from east to west
tracking the sun through the entire day. It makes tracking the sun for the
day easier.
- Dual Axis Tracker - As the name suggests, this tracker allows
the panel to move on two axes, namely, East-West & North-South.
Therefore, enabling the panel to track the daily as well as yearly
variation in movements of the sun, maximizing the collection of solar
energy throughout the year.
Read our blog here: https://www.grandviewresearch.com/blog/solar-tracker-market-size-share-analysis
Driving Forces
Solar trackers are
comparatively new, when it comes to solar infrastructure. However, it has
gained a boost from the market, riding on some crucial factors which are the
driving forces behind it. Due to these following factors, market demand for
solar tracker is expected to reach 172.0 GW by 2025.
- Generally, a solar panel system with a
single-axis solar tracker installed sees a performance gain of 25 to 35
percent. A dual-axis tracker boosts performance up by another 5 to 10
percent. This clearly shows that installing solar tracker results in good
amount of increase in solar power accumulation.
- In the regions of high altitude, where the
position of sun has a large range of variation, resulting in variations in
the amount of sunlight in the region around the year; trackers help
increase the electricity storage by reducing the angle of incidence.
- Rising climate concerns in the world has made
the countries boost investment in the renewables sector. This
has created a good demand for solar trackers around the world.
- Technological developments and research in
the renewable arena are expected to cut costs and make infrastructure
cheap and ready for deployment around the world.
Get request sample of this report
here: https://www.grandviewresearch.com/industry-analysis/solar-tracker-industry/request/rs1
About Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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