As the demand for alternative sources of energy increases, the market for solar trackers will gain much impetus. Solar trackers market are essential tools used to adjust photovoltaic panels to face towards the sun so that they may get more sunlight. These devices enable solar modules to remain in the best position from where they can accumulate maximum solar energy throughout the day. By allowing the solar panels to follow the sun’s movement, this tracking technology significantly contributes to increased electricity production. Since the technology ensures harnessing solar power in a greater volume than a stationary array, its demand is rising from the most lucrative regional markets across the globe, the Middle East and Africa being one of them.
Solar trackers, when attached to solar panels, allow adjusting the position of the modules depending on the daily passage of the sun throughout the year. A typical solar tracker comprises a sun tracking algorithm, positioning system, control unit, sensing devices, drive mechanism system, tubes, wind guard, and rods.
Increasing Demand for Solar Energy in MEA Boosts Solar Trackers Market in the Region
Several factors are contributing to the expansion of the Middle East and Africa solar tracker market, such as escalating demand for energy supplemented by volatile fuel prices and increasing demand for alternative sources of energy. Since solar trackers improve the efficiency of solar panels, their demand is anticipated to surge exponentially in forthcoming years. Governments in the Middle East and Africa have granted exclusive incentives for the use of renewable energy sources, which also boost the solar tracker market in the region. Despite exhibiting impressive growth in the past few years, the market faces turbulence due to the harsh weather conditions in the region. High installation costs also hamper the growth of the market. However, potential technological advances are expected to help the market overcome both these bottlenecks in the near future.
The MEA market for solar trackers is likely to be dominated by the single axis tracking technique. The simplicity and affordable price of single axis trackers aid their market. Dual axis solar trackers, on the other hand, once installed, incur high maintenance cost, which has dampened its market across the region. The rising demand for renewable energy sources across the Middle East and Africa is anticipated to generate significant demand for solar trackers in the region.
The key application segments of the market comprise utilities and non-utility. The utilities segment dominated the MEA solar tracker market in 2012 and the segment is anticipated to remain the undisputed leader in the forthcoming years as well.
UAE Leads MEA Market for Solar Trackers
Among the key regional segments, UAE accounted for 80% of the MEA solar tracker market, in terms of revenue. South Africa emerged as the second largest market in the region. The solar tracker market in the region in forthcoming years is likely to capitalize on the growing popularity of alternative energy sources and rising competition in MEA.
Browse the full MEA Solar Trackers Market report at http://www.mrrse.com/mea-solar-tracker-market
Soitec SA is a prominent player in the MEA solar tracker market and accounted for a major share of the market in 2012. The company has partnered with Khaled Juffali Company to drive the solar industry in MEA. The rising demand for solar energy has led to rapid proliferation of solar trackers across the MEA solar power industry.