Solar Tracker Market Size, Trends, Applications, and Industry Strategies
A solar tracker is a system that helps in positioning an object at a relative angle to the Sun. Solar trackers are widely used for positioning the photovoltaic panels that remain perpendicular to the sun’s rays and also help in positioning the space telescopes to determine the direction of the Sun.
Solar tracking utilizes complex instruments in determining the relative location of the Sun to the object for aligning it. The instruments include computers that can process the complicated algorithms that support tracking the sun’s position.
The angle of light impacts the solar panel’s power output, according to several studies. The solar panel located in a perpendicular direction produces more energy compare to non-perpendicular. Moreover, the angle of the sun changes seasonally from north to south and daily from east to west.
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The growing demand for renewable energy sources for generating power so that the dependence on fossil fuels can be reduced will result in minimizing the carbon emissions to the environment and reducing the impact of global warming.
Moreover, the rising adoption of solar panels for residential applications will boost the demand for solar tracking for improving the electricity conversion rate. In addition, government initiatives in the form of tariff feed in countries such as Japan boost the demand for solar panels, hence it will result in industry propulsion.
The single-axis trackers move from east to west following the Sun’s direction. These axis trackers are cheap, and easy to install, along with the low-cost running. These are highly preferred by companies that want low-cost solutions. They are also best for areas with less sun exposure. These solar trackers generate higher efficiency.
Therefore, the growing demand for power and reducing the dependency on fossil fuels, driven by environmental concerns boost the demand for solar trackers.
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