Solar Tracker Market in South Africa Faces Constricted Growth Despite Untapped Opportunities

Transparency Market

Research

Solar Tracker Market for Solar PV, CPV, CSP Technology in Utility and Non Utility Applications Middle East and Africa Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2019

Published Date

2014-04-30

67Page Report

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Press Release

MEA Solar Tracker Market is Expected to Reach USD 308.7

Million in 2019: Transparency Market Research

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Solar Tracker Market

REPORT DESCRIPTION

According to a new market report published by Transparency Market Research "Solar Tracker (Single Axis

and Dual Axis) Market for Solar PV, CPV, CSP Technology in Utility and Non Utility Applications -Middle East

and Africa (MEA)Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2019," MEA solar

tracker market was valued at USD 58.7 million in 2012 and is expected to reach 308.7 million in 2019,

growing at a CAGR of 31.9% from 2013 to 2019.

Browse MEA Solar Tracker Market Report with Full TOC at

http://www.transparencymarketresearch.com/mea-solar-tracker-market.html

Unbalanced nature of energy demand accompanied by the fluctuating fuel prices is expected to bolster

growth in MEA solar tracker market. Furthermore, increase in the efficiency of solar panels by the use of

solar tracker is expected to augment the overall market growth. Government incentives schemes primarily

structured for renewable sources of energy coupled with feed-in-tariff are likely to bolster the overall

product demand. Key challenges faced by the market participants include high initialization cost and the

impacts of harsh weather on the solar trackers are expected to curb market growth. However, growing

development and product innovation is hopeful to overcome these challenges.

Key application analyzed in this market...