Lewes, DE -- (SBWIRE) -- 10/14/2015 -- Report forecast the global solar tracker market to grow at a CAGR of 17.2% over the period 2014-2019.

Solar tracker is a device that helps in orienting a solar panel or concentrating a solar reflector or lens toward the sun to harness more sunlight. This ensures that the solar modules remain in the correct position to gather maximum energy from the sun. Solar trackers are binded to solar panels to alter their position against the sun throughout the year according to the changes in weather. Solar tracking helps in increasing the efficiency of solar panel.

The report covers the current scenario and the growth prospects of the global solar tracker market for the period of 2015-2019. To calculate the market size, the report considers revenue generated from the sales of solar generators.

Global Solar Tracker Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the landscape of the market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key vendors
- Americas
- APAC
- EMEA

According to the report, the use solar trackers improves the efficiency of solar power plants. A single-axis tracker increases the output of a solar power plant by a minimum of 30%-35% whereas dual-axis trackers increase it by an additional 6%. The single-axis tracker with horizontal axle is primarily used in tropical regions, where the sun is high at noon and days are short. The vertical axle is installed in high latitude regions where the days are long, and the sun doesn't get high. Improved efficiency of solar power plants will boost the market for solar trackers during the forecast period.

Key players in the Global Solar Tracker Market: All Earth Solar, Deger, First Solar, Haosolar and Mecasolar

Other Prominent Vendors in the market are: Abengoa, Amonix, Helio Power, Smart Trak and Trabant Solar

Market driver
- Increase in efficiency of solar power panels/plants
- For a full, detailed list, view our report

Market challenge
- High installation and maintenance cost
- For a full, detailed list, view our report

Market trend
- Advances in technology
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space and what is their portfolio matrix?
- What are the market opportunities and threats faced by the key vendors?
- What is the competitive landscape as characterized by geography?
- What are the strengths and weaknesses of the key vendors?

Spanning over 63 pages "Global Solar Tracker Market 2015-2019" report covers Executive Summary, Scope of the Report, Market Research Methodology, Introduction, Market landscape, Market segmentation by application, Market segmentation by technology, Market segmentation by product, Geographical segmentation, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For further information on this report, please visit- http://www.marketresearchreports.com/technavio/global-solar-tracker-market-2015-2019

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