DUBLIN, April 8, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Solar Farm Automation Market 2016-2020" report to their offering.
The global solar farm automation market is expected to grow at a CAGR of 17.03% during the period 2016-2020.
A solar tracker is a device used to orient a solar panel or align a solar reflector or lens toward the sun. It ensures that the solar modules remain in the best position to harness the maximum energy from the sun.
A solar tracker is bound to the panel so that the position of the latter can be changed based on the sun's position throughout the year. Solar tracking is an effective way to increase the efficiency of each solar panel. The two types of trackers used to increase the output from solar farms are single-axis and dual-axis solar trackers.
The price of solar farm automation solutions has declined considerably. This has put intense pressure on the profit margin of distributors. Thus, distributors, apart from selling automation equipment and software, are identifying ways to improve contractors' worth. Distributors are also forming partnerships with contractors on solar projects, including integrated and turnkey solutions. By offering a one-stop shop for project finance and automation equipment and solutions, distributors are strengthening relationships with the contractors. This reduces distributors' customer acquisition costs, and enhances revenue.
According to the report, the adoption of solar trackers increases the efficiency of solar farms by 40%-45%. According to AllEarth Renewable, the adoption of company's dual axis solar tracker produces more than 50% energy compared to fixed solar panels. Similarly, DEGER claims that adoption of its DEGERtracker generates an additional 45% yield compared to fixed PV modules. Mecasolar, the dual axis solar tracker, produces 35% more energy compared to fixed installations.
Further, the report states that high storage costs of solar energy discourage the utilities and non-utilities sectors from investing in solar power farms. This has a direct impact on the growth of the global solar farm automation market.
- AllEarth Renewables
- Emerson Electric
- First Solar
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Global investment in renewable energy
PART 05: Solar power market value chain
PART 06: Introduction
PART 07: Market landscape
PART 08: Market segmentation by products
PART 09: Geographical segmentation
PART 10: Market adoption rate by geography
PART 11: Market drivers
PART 12: Impact of drivers
PART 13: Market challenges
PART 14: Impact of drivers and challenges
PART 15: Market trends
PART 16: Vendor landscape
For more information visit http://www.researchandmarkets.com/research/g3vx2g/global_solar_farm
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SOURCE Research and Markets