Solar trackers are the devices used to adjust photovoltaic panels toward the sun to utilize more sunlight. They enable solar modules to remain in the best position to accumulate maximum energy from the sun. The application of tracking technology allows solar panels to follow the movement of the sun and increase electricity production as compared to a stationary array. Solar trackers are attached to solar panels to adjust their positioning against the daily passage of the sun throughout the year as the weather and seasons change.
Solar tracker comprises of several parts including sun tracking algorithm, control unit, positioning system, drive mechanism system, sensing devices, wind guard, tubes, and rods. Growing demand for energy supplemented by fluctuating fuel oil prices, increase in efficiency of solar panels by the use of solar trackers and increased product demand are expected to bolster the overall solar tracker market growth. Government incentive for the use of renewable energy sources as a mode of power generation and feed-in-tariffs is also likely to attribute to drive the market growth in the coming years. Impacts of harsh weather on the solar trackers coupled with the high initialization costs are some of the factor that is likely to constrain the market growth. However, upcoming advanced techniques are estimated to overshadow the restraints in the coming two to four years.
Single axis tracking technique is expected to dominate the MEA market over the coming years. Simplicity and lesser cost has helped single axis tracker sustain relentlessly over the past couple of years. Dual axis tracker incurred high maintenance costs which led to their dampened market growth. Growing demand for renewable energy sources in the countries across MEA is estimated to generate substantial demand for solar energy which in turn is likely to fuel market growth in the next two to five years.
The market comprises of key application including utility and non-utility. Solar tracker system market was dominated in 2012 by utility solar tracker that is likely to continue over the forecast period. Solar PV directly converts solar energy into electricity using a PV cell made of semiconductor material. Concentrated photovoltaic (CPV) technology uses optics such as lenses and curved mirrors to concentrate large amount of sunlight onto a small area of solar photovoltaic cells to generate electricity. These technologies are used in a wide range of applications including utility and non utility (residential and commercial).
Solar PV directly converts solar energy into electricity using a PV cell made of semiconductor material. Concentrated photovoltaic (CPV) technology uses optics such as lenses and curved mirrors to concentrate large amount of sunlight onto a small area of solar photovoltaic cells to generate electricity. Solar tracker market was dominated in 2012 by solar PV. CSP is expected to be an emerging technology and is likely to dominate over the forecast period.
UAE dominated the market in 2012 and accounted for more than 80% of the MEA’s annual solar tracker revenue. It was followed by South Africa which faces squeezed growth rate due to unrealized potential of renewable energy sources. Saudi Arabia was one the niche markets; however, enactment of several renewable programs by the government is expected to augment the market growth over the next two years. South Africa and Saudi Arabia are expected to witness a surge in solar tracker market owing to increasing competition across the entire value chain resulting in the decline in the cost of solar PV. Growing popularity and rising competition across the value chain across MEA is likely to augment market growth, which in turn is expected to fuel overall product demand significantly in coming years.
Soitec SA is one of the leading players of MEA solar tracker market that held substantial market share in 2012. The agreement with Khaled Juffali Company to cooperate in driving solar industry growth in Saudi Arabia and the Middle East has aided in reinforcing their position in the MEA market. Rising demand and growing popularity of solar tracker in the region has helped solar tracker suppliers proliferate significantly over the recent years.
Table of Content
Chapter 1 Preface
1.1 Report description
1.2 Market segmentation
1.3 Research scope
1.4 Research methodology
Chapter 2 Executive Summary
Chapter 3 MEA Solar Tracker - Industry Analysis
3.1 Introduction
3.2 Value chain analysis
3.3 Market Drivers
3.3.1 Rising energy demand supplemented by fluctuating fuel oil prices
3.3.2 Tracking systems boosting efficiency of solar cells
3.3.3 Government incentive schemes and Feed-in-tariffs (FIT)
3.4 Porter’s Five Forces Analysis
3.4.1 Bargaining power of suppliers
3.4.2 Bargaining power of buyers
3.4.3 Threat of substitutes
3.4.4 Threat of new entrants
3.4.5 Degree of competition
3.5 Restraints
3.5.1 Capital Intensive Technology & Harsh Weather
3.6 Opportunities
3.6.1 Various energy programs
3.7 MEA Solar tracker: Market attractiveness analysis, by technology, 2012
Chapter 4 MEA Solar Tracker Market – Technology Analysis
4.1 MEA Solar Tracker Market: Technology Overview
4.1.1 Middle East solar trackers market, annual installation share, by technology, 2012 and 2019
4.2 Solar Photovoltaic (Solar PV)
4.2.1 MEA solar PV annual installations, 2012– 2019 (MW)
4.3 Concentrated Photovoltaic (CPV)
4.3.1 MEA concentrated photovoltaic (CPV) trackers annual installations, 2012– 2019 (MW)
4.4 Concentrated Solar Power (CSP)
4.4.1 MEA concentrated solar power (CSP) trackers annual installation, 2012– 2019 (MW)
Chapter 5 MEA Solar Tracker Market – Product Segment Analysis
5.1 MEA Solar Tracker Market: Product Segment Overview
5.1.1 MEA solar tracker market, annual installation share, by product, 2012 and 2019
5.2 Single Axis
5.2.1 MEA single axis tracker market estimates and forecast, 2012– 2019 (MW)
5.3 Dual Axis
5.3.1 MEA dual axis tracker market estimates and forecast, 2012– 2019 (MW)
Chapter 6 MEA Solar Tracker Market – Application Analysis
6.1 MEA Solar Tracker Market: Application Overview
6.1.1 MEA solar trackers market, annual installation share, by application, 2012 and 2019
6.2 Utility Application
6.2.1 MEA utility application trackers annual installations, 2012– 2019 (MW)
6.3 Non-utility Application
6.3.1 MEA non-utility application trackers annual installations, 2012– 2019 (MW)
Chapter 7 MEA Solar Tracker Market – Regional Analysis
7.1 MEA Solar Tracker Market: Regional overview
7.1.1 MEA solar tracker annual installation, by region, 2012& 2019
7.2 South Africa
7.2.1 South Africa solar tracker annual installed capacity, by technology, 2012 - 2019, (MW)
7.2.2 South Africa solar tracker market, by product, 2012 – 2019 (MW)
7.2.3 South Africa solar tracker market, by product, 2012 – 2019 (USD Million)
7.2.4 South Africa solar tracker annual installed capacity, by application, 2012 - 2019, (MW)
7.3 Saudi Arabia
7.3.1 Saudi Arabia solar tracker annual installed capacity, by technology, 2012 - 2019, (MW)
7.3.2 Saudi Arabia solar tracker annual installed capacity, by product, 2012 – 2019 (MW)
7.3.3 Saudi Arabia solar tracker market, by product, 2012 – 2019 (USD Million)
7.3.4 Saudi Arabia solar tracker annual installed capacity, by application, 2012 - 2019, (MW)
7.4 UAE
7.4.1 UAE solar tracker annual installed capacity, by technology, 2012 - 2019, (MW)
7.4.2 UAE solar tracker annual installed capacity, by product, 2012 – 2019 (MW)
7.4.3 UAE solar tracker market, by product, 2012 – 2019 (USD Million)
7.4.4 UAE solar tracker annual installed capacity, by application, 2012 - 2019, (MW)
Chapter 8 Company Profiles
8.1 SunPower Corporation
8.1.1 Company Overview
8.1.2 Financial Overview
8.1.3 Product Portfolio
8.1.4 Business Strategy
8.1.5 SWOT Analysis
8.1.6 Recent Developments
8.2 SunEdison
8.2.1 Company Overview
8.2.2 Financial Overview
8.2.3 Product Portfolio
8.2.4 Business Strategy
8.2.5 SWOT Analysis
8.3 Soitec SA
8.3.1 Company overview
8.3.2 Financial Overview
8.3.3 Business strategy
8.3.4 SWOT analysis
8.3.5 Recent Developments
8.4 First Solar
8.4.1 Company Overview
8.4.2 Financial Overview
8.4.3 Business Strategy
8.4.4 SWOT Analysis
8.4.5 Recent Developments
8.5 Yingli Solar
8.5.1 Company Overview
8.5.2 Financial Overview
8.5.3 Product Portfolio
8.5.4 Business Strategy
8.5.5 SWOT Analysis
8.6 Amonix Inc.
8.6.1 Company Overview
8.6.2 Product Portfolio
8.6.3 Business Strategy
8.6.4 SWOT Analysis
8.7 BrightSource Energy Inc.
8.7.1 Company Overview
8.7.2 Business Strategy
8.7.3 SWOT Analysis
8.7.4 Recent Developments
8.8 Mecasolar
8.8.1 Company Overview
8.8.2 Product Portfolio
8.8.3 Business Strategy
8.8.4 SWOT Analysis
List of Tables
TABLE 1 MEA solar tracker installation market snapshot
TABLE 2 Drivers for MEA solar tracker market: Impact analysis
TABLE 3 South Africa solar tracker annual installed capacity, by technology, 2012 – 2019, (MW)
TABLE 4 South Africa solar tracker annual installed capacity, by product, 2012 – 2019, (MW)
TABLE 5 South Africa solar tracker market, by product, 2012 – 2019, (USD Million)
TABLE 6 South Africa solar tracker annual installed capacity, by application, 2012 – 2019, (MW)
TABLE 7 Saudi Arabia solar tracker annual installed capacity, by technology, 2012 – 2019, (MW)
TABLE 8 Saudi Arabia solar tracker annual installed capacity, by product, 2012 – 2019, (MW)
TABLE 9 Saudi Arabia solar tracker market, by product, 2012 – 2019, (USD Million)
TABLE 10 Saudi Arabia solar tracker annual installed capacity, by application, 2012 – 2019, (MW)
TABLE 11 UAE solar tracker annual installed capacity, by technology, 2012 – 2019, (MW)
TABLE 12 UAE solar tracker annual installed capacity, by product, 2012 – 2019, (MW)
TABLE 13 UAE solar tracker market, by product, 2012 – 2019, (USD Million)
TABLE 14 UAE solar tracker annual installed capacity, by application, 2012 – 2019, (MW)
List of Figures
FIG. 1 Solar tracker: Market segmentation
FIG. 2 MEA solar tracker annual installed capacity, 2012 – 2019 (MW)
FIG. 3 Value chain analysis of MEA solar trackers market
FIG. 4 Prices of fuel oil in Dubai, 2009 – 2020 (USD per barrel)
FIG. 5 Oil Consumption in the Middle East and Africa, 2009 – 2020 (Million Tons)
FIG. 6 Solar trackers market: Porter’s five forces analysis
FIG. 7 Solar trackers: Market attractiveness analysis, by technology, 2012
FIG. 8 Middle East solar trackers market, annual installation share by technology, 2012 and 2019
FIG. 9 MEA annual installed capacity for solar PV trackers, 2012 - 2019 (MW)
FIG. 10 MEA annual installed capacity for concentrated photovoltaic (CPV) trackers, 2012 - 2019 (MW)
FIG. 11 MEA annual installed capacity for concentrated solar power (CSP) trackers, 2012 - 2019 (MW)
FIG. 12 MEA solar tracker market, annual installation share by product, 2012 and 2019
FIG. 13 MEA annual installed capacity for single axis trackers, 2012 - 2019 (MW)
FIG. 14 MEA annual installed capacity for dual axis tracker, 2012 - 2019 (MW)
FIG. 15 MEA solar trackers market, annual installation share by application, 2012 and 2019
FIG. 16 MEA annual installed capacity for utility application trackers, 2012 - 2019 (MW)
FIG. 17 MEA annual installed capacity for non-utility application trackers, 2012 - 2019 (MW)
FIG. 18 MEA solar tracker annual installation, by region, 2012 & 2019
FIG. 19 South Africa solar tracker annual installed capacity, by technology, 2012 - 2019 (MW)
FIG. 20 Saudi Arabia solar tracker annual installed capacity, by technology, 2012 - 2019 (MW)
FIG. 21 UAE solar tracker annual installed capacity, by technology, 2012 - 2019 (MW)
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MEA Solar Tracker (Single Axis and Dual Axis) Market
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