TechNavio, the independent London-based global research firm, today announced the publication of its research report on the Global Solar Tracker Market. The report finds demand for renewable energy sources are aiding the growth of the Global Solar Tracker Market. The findings are for the forecast period 2014-2018.
TechNavio’s research analysis indicates the growth of the Global Solar Tracker Market is due to increasing demand for renewable energy sources around the globe. Market growth is also dependent on the cost-effectiveness of the solar tracker industry, as well as technological advancements in the field. Moreover, many vendors are investing a huge amount of funds in R&D activities to develop better technology and increase the durability and reliability of solar trackers for use in high-capacity projects. More solar energy consumption as well as the benefits associated with solar trackers, and government support for renewable energy projects like solar energy are all major factors propelling the growth of the market.
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of Global Solar Tracker Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
Decision makers and influencers in sales & marketing, strategy, product and R&D teams rely on research from TechNavio. We have a large and growing base of happy customers worldwide. Our customers include technology suppliers, end users, consulting companies, investment firms and research institutes.
Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.