About Photovoltaic Tracking Bracket
A Photovoltaic tracking system increases the amount of power produced by the solar system by rotating panels to follow the sun throughout the day, maximizing the angle at which panels collect solar radiation. Solar trackers are commonly used for ground-mounted solar panels as well as big, free-standing solar installations such as solar trees. They aren't commonly employed in household solar projects, but they do have a position in utility-scale and commercial/industrial solar. When solar panels are exposed to sunlight, the angle at which the sun's rays collide with the panel's surface known as the angle of incidence impacts how successfully the panel converts the incoming light into power. The more energy a solar panel can produce, the smaller the angle of incidence. Solar trackers are devices that track the sun.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that China Manufacturers will contribute the maximum growth to Global Photovoltaic Tracking Bracket market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Nextracker Inc (United States), Ideematec (Germany), ATEC Energy&Environment Co., LTD. (China), ArcelorMittal (Exosun) (Europe), Akcome (China), Versolsolar Hangzhou Co., Ltd. (China), Suzhou KINGSUN Solar Technology Co., Ltd. (China), Jsolar Inc. (China), Clenergy (Australia), Jiangsu Guoqiang (Holdings) Group (China), Array Technologies (United Status), Arctech Solar Holding Co (China), Soltec (Spain), JiangSu Zhenjiang NewEnergy Equipment Co., Ltd. (China) and Trina Solar (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are FTC Solar (United States), Convert Italia (Italy), GameChange Solar (United States) and Gibraltar Industries (United States).
Segmentation Overview
AMA Research has segmented the market of Global Photovoltaic Tracking Bracket market by Type (Single Axis {horizontal single-axis, vertical single-axis, and tilted single-axis} and Double Axis) and Region.
On the basis of geography, the market of Photovoltaic Tracking Bracket has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Installation, the sub-segment i.e. Industrial and Commercial Roof will boost the Photovoltaic Tracking Bracket market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Driving System, the sub-segment i.e. Active will boost the Photovoltaic Tracking Bracket market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Control System , the sub-segment i.e. Closed Loop will boost the Photovoltaic Tracking Bracket market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In June 2022- Chiko launched a new installation method of solar brackets on iron roofs. This installation method does not require guide rails, but only Fixture, medium pressure, and side pressure, which greatly reduces the installation cost, and is safe and reliable. The installation is simple and fast, and the materials are all AL6005-T5.
In September 2020 – Convert the solar manufacturing company is launching its TRJ-AI Tracker Control System. The new TRJ-AI innovation provides the industry the opportunity to easily control, manage, and monitor tracking systems from digital devices reliably and remotely to optimize the energy production of solar plants.
Market Drivers
- Government policies have been designed to Support Renewable Energy Industry which has driven the growth for a decade now
- Solar trackers generate more electricity in roughly the same amount of space needed for fixed-tilt systems, making them ideal for optimizing land usage
Opportunities
- Long-term maintenance problems for tracking systems have been greatly decreased thanks to advancements in technology and reliability in electronics and mechanics
- Increasing the adoption of the renewable energy
Restraints
- Photovoltaic tracking systems represent higher investment costs
Challenges
- Solar trackers are very efficient installations that can be used for both large and small projects if the location and site conditions are right
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Photovoltaic Tracking Bracket Manufacturers, Photovoltaic Tracking Bracket Suppliers & Distributors, Government Bodies, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Nextracker Inc (United States), Ideematec (Germany), ATEC Energy&Environment Co., LTD. (China), ArcelorMittal (Exosun) (Europe), Akcome (China), Versolsolar Hangzhou Co., Ltd. (China), Suzhou KINGSUN Solar Technology Co., Ltd. (China), Jsolar Inc. (China), Clenergy (Australia), Jiangsu Guoqiang (Holdings) Group (China), Array Technologies (United Status), Arctech Solar Holding Co (China), Soltec (Spain), JiangSu Zhenjiang NewEnergy Equipment Co., Ltd. (China) and Trina Solar (China) etc.
2. Can we have customized study for Photovoltaic Tracking Bracket Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What trending factors would impact Photovoltaic Tracking Bracket Market growth most?
"Technological Advancement in Solar Technology has helped to lower the cost and also has helped to better deployments" is seen as one of major influencing trends for Photovoltaic Tracking Bracket Market during projected period 2021-2027.