Horizontal Single Axis Solar Tracker (HSAT) Market - Overview
Solar trackers are used to increase the energy from solar
receivers and solar panels. These trackers increase the solar energy by
following the movement of the sun. They are used to keep solar panels leaning
directly facing the sun. Solar trackers increases the amount of solar energy
and also increases the energy of electricity or heat which is produced. Solar
trackers change their direction all through the day to follow the sun’s path to
maximize energy capture. Numerous possibilities exist for designing solar
trackers. Two broadly used configurations are single axis solar tracker and
dual axis solar tracker. Single axis solar tracker is simpler to build and
follows the sun with no variations in the angle. Dual axis solar trackers
follow the sun from East to West and from North to South. Greater energy
efficiency can be accomplished in this manner. Nevertheless, solar tracking
effectiveness does fluctuate hugely in different geographic locations or with
ambient temperature and wind speed. Horizontal single axis solar tracker (HSAT)
enhances the generation potential of the solar setup. This tracker design has
been commercialized, achieving significant grip in the horizontal
single axis solar tracker (HSAT) market.
Horizontal Single Axis Solar Tracker (HSAT) Market – Key
Drivers
The use of horizontal single axis solar tracker (HSAT)
increases the production of electricity. In solar tracker applications, the
proficiency of conversion is enhanced when the solar devices are continuously
adjusted to the optimal angle as the sun passes through the sky. Improved
efficiency means improved production; hence, utility-scale solar deployments
are progressively being mounted on tracking systems.
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The horizontal single axis solar tracker (HSAT) are also
used to adjust photovoltaic panels, lenses, reflectors, etc. As the sun’s
position changes with solar trackers are used to align the collection system to
increase energy production.
Horizontal single axis solar tracker (HSAT) reduces
complexity of arranging AC/DC power source for drive operation. This system is
highly reliable and entails low maintenance. The tracking technology enables
solar systems to follow the movement of the sun and also enhances electricity
production. Rising demand for renewable energy sources in various countries is
projected to generate considerable demand for solar energy which in turn is
projected to drive horizontal single axis solar tracker (HSAT) market growth in
the coming
years.
However, HSAT trackers are slightly more costly, which is
projected to restrain the horizontal single axis solar tracker (HSAT) market in
the near future. Nevertheless, rise in demand for horizontal single axis solar
trackers (HSAT) is estimated to create lucrative opportunities for market
players in the next few years.
Horizontal Single Axis Solar Tracker (HSAT) Market -
Segmentation
The global horizontal single axis solar tracker (HSAT)
market can be segmented based on application and region. In terms of
application, the horizontal single axis solar tracker (HSAT) market can be
divided into utility application, and non-utility application.
These solar trackers are used for water heating in
residential homes, for corrosion protection, rural electrification, and for
water pumping. The horizontal single axis solar tracker (HSAT) generally
produces energy from the sun; therefore it has to work more consistency for
longer periods of time.
In terms of region, the global horizontal single axis solar
tracker (HSAT) market can be segregated into North America, Europe, Asia
Pacific, Middle East & Africa, and South America. North America is
anticipated to hold the leading share of the global horizontal single axis solar
tracker (HSAT) market during the forecast period due to the presence of global
players in the region. Rising demand and popularity of solar trackers in the
region has helped horizontal single axis solar tracker suppliers proliferate
considerably over recent years.
Horizontal Single Axis Solar Tracker (HSAT) Market – Key
Players
Leading companies operating in the global horizontal single
axis solar tracker (HSAT) market include Soltec, SunPower Corporation,
SunEdison, Soitec SA, and Solar FlexRack. Companies are focusing on launching
advanced services to strengthen their position and expand their customer base
in the market. They are also investing in research and development operations
and concentrating on providing customized services.
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