Solar Tacker Market Size Is Anticipated To Reach USD 29.31 Billion By 2030
San Francisco, 13 Dec 2022: The Report Solar Tracker Market Size, Share & Trends Analysis Report By Technology (Solar Photovoltaic, Concentrated Solar Power, Concentrated Photovoltaic), By Type, By Application, And Segment Forecasts, 2022 - 2030 The global solar tracker market size is expected to reach USD 29.31 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 20.5% from 2022 to 2030. The market is expected to witness substantial growth over the forecast period owing to the growing need for renewable power generation. Solar tracker is installed on a PV system to get an increased energy output during the day. PV system trackers help to minimize the angle of incidence between incoming light and panel, thereby increasing the amount of energy produced. In Concentrated Photovoltaic (CPV) technology, a large part of sunlight is focused on a solar cell using an optical device. Concentrating light requires direct sunlight, t