Global Research market

  Solar Trackers Market: Introduction According to a recently published study by Transparency Market Research (TMR), the global  solar trackers market  is expected to reach an installed capacity of 37,196.86 MW by 2031. TMR, a U.S.-based market research firm, states in its report that the global solar trackers market, which had an annual installed capacity of 6998.8 MW in 2020, is anticipated to reach an annual installed capacity of 37,196.86 MW by 2031, at a CAGR of  16.4%  during the forecast period. According to the report, the market for solar trackers is stimulated by the increase in demand for photovoltaic (PV), rise in feed-in tariff (FIT), and incentive schemes by governments. In addition, growth in prices of electricity is augmenting the photovoltaic market, which is further fuelling the solar trackers market. Furthermore, solar cells’ efficiency is boosted by tracking systems, thus impacting the market positively. On the other hand, the capital-int...