1. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Global Solar Tracker Market to grow at 17% CAGR from 2016 to 2023: Global Market Insights Inc.

2. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  The Solar Tracker Market trends are analyzed from recent past with an eye on coming years in this report that also offers projections for Solar Tracker industry targeted at helping in business decisions. Solar Tracker Market size is set to cross USD 18 billion by 2023, according to a new research report by Global Market Insights, Inc.Solar Tracker Market  Advancement in technology with shifting preference towards sustainable energy will drive the global solar tracker market size. Government initiatives including tax rebate, financial assistance and feed in tariff for residential and commercial applications will further complement the industry landscape. In the U.S., Renewable Energy Production Incentives program has been introduced to provide incentives to new renewable energy facilities that produce and sell electricity.  Climate change concerns associated with fluctuating fossil fuel prices will stimulate the solar tracker market size. Growing electricity prices coupled with demand and supply gap will positively influence the industry growth by 2023. High initial and installation cost coupled with large land requirement may hinder the business growth. Key Insights from Solar Tracker Market :

3. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Utility solar tracker market size was over 11 GW in 2015. Increasing spending towards infrastructure development and growing government supports to encourage renewable energy adoption will stimulate the business growth.  Single axis accounted for over 65% of global solar tracker market share in 2015. Ability to enhance output power and its cost effectiveness over other alternates will propel the industry growth. It is suitable for both residential and commercial sector.  Europe solar tracker market size for 2015 was over 2 GW. Rising awareness towards solar products benefits coupled with introduction of various renewable energy directives including Directive 2009/28/EC to encourage renewable energy resource development are factor responsible to witness industry growth.  U.S. solar tracker market size is predicted to reach over USD 3 billion by 2023. Increasing solar system installation in commercial sector will positively influence the industry landscape. Declining solar system prices is also factor, responsible to boost the solar system demand in commercial sector. In 2015, solar system installation grew by 59%. Continued...

4. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  China accounted for over 15% of solar tracker market volume share in 2015. Growing investment towards electricity generation through renewable electricity may propel the industry growth. Increasing electricity demand will also complement the business growth. In China, according to National Development and Reform Commission electricity consumption was 552.3 billion kilo watt hours in 2016.  Latin America solar tracker market size was over 1 GW in 2015. Increasing PV installation demand in Chile may propel the regional industry growth. In 2016, the country is expected to install approx. 1.4 GW of PV. The country has target to fulfil its need at least 20% through renewable energy resource by 2020 which is further expected to augment the business.  Key participants in solar tracker market are NexTracker, Grupo Calvijo, SunPower, Abengoa, First Solar, Array Technologies and Wuxi Hao Solar. Continued...

5. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com U.S. Solar Tracker Market size, by technology, 2015 & 2023 (GW)

6. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Browse Full Market Research Report On Solar Tracker Market @ http://bit.ly/2sXd8t3 http://bit.ly/2sXd8t3 Request for a Sample of this Research Report @ https://www.gminsights.com/request-sample/detail/364

7. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  By Application Global solar tracker market share for 2015 from utility application accounted for over 80% of global volume and is set to witness growth due to engagement of power purchase agreement with beneficiary. Increasing investment towards infrastructure development and introduction of government schemes & incentives to promote renewable energy technologies are some of factor may encourage the demand.  By Region Trends U.S. solar tracker market share for 2015 was over 4 GW and is predicted to witness substantiate growth due to various financial supports and incentives introduced by government to encourage deployment of renewable technologies. For Europe, Germany solar tracker market share was accounted for 9 % of regional volume in 2015 and will witness considerable growth owing to involvement of various energy polices including certification programs for RES-H installation and rising awareness regarding benefits of solar systems. In Germany, market premium scheme support the electricity generated from renewable resource.  Competitive Market Share Key participants in solar tracker market are NexTracker, Grupo Calvijo, SunPower, Abengoa, First Solar, Array Technologies and Wuxi Hao Solar. 360° Analysis

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