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.
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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