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Solar Tracker Market Poised to Reach USD 16.73 Billion in 2029 | Exhibiting a CAGR of 13.5%

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Pune, India, May 24, 2022 (GLOBE NEWSWIRE) — The solar tracker market size was USD 6.05 billion in 2021. The market size is expected to rise from USD 6.88 billion in 2022 to USD 16.73 billion by 2029 at a CAGR of 13.5% during the projected period. Fortune Business Insights™ publishes this information in a report titled, “Solar Tracker Market, 2022-2029”. As per the report, the market is projected to rise during the forecast period due to the growing adoption of renewable sources for power generation.

Report Coverage:

The report sheds light on current market trends and recent developments in the industry that affect the market growth. In addition, the impact of COVID-19 pandemic on market development and expansion is highlighted further in this report. Furthermore, drivers and restraints affecting the market growth are discussed in this report to elaborate on the possible lucrative opportunities for the key market players. The regional information regarding market share and development is provided further. The report focuses on providing factual information and statistical data regarding the current market state and future development during the forecast period.  

Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/solar-tracker-market-100448

Report Coverage Details
Forecast Period 2022-2029
Forecast Period 2022 to 2029 CAGR 13.5%
2029 Value Projection USD 16.73 billion
Base Year 2021
Market Size in 2021 USD 6.05 billion
Historical Data for 2018-2020
No. of Pages 291
Segments covered Type, Movement, Application, Region
Growth Drivers Green Energy Targets to Fuel Investments in Solar Industry
  Growing Adoption of Renewable Sources for Power Generation to Boost Market

COVID-19 Impact:

Restricted Import/Export Activities amid Pandemic to Hamper Market Growth

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The outbreak of COVID-19 pandemic has affected various industries, including the energy and power sectors. The product demand declined during the lockdown due to several restrictions imposed by governments. Transportation and manufacturing operations were halted to restrict the virus spread, which affected the productivity and profitability of key market players. Stringent restrictions were applied on import/export activities to curb the virus spread, which, in turn, affected the solar tracker market growth.    

To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/industry-reports/solar-tracker-market-100448

Segments:

Single Axis Segment to Dominate Market Due to Economic Feasibility

  • By type, the market is bifurcated into photovoltaics (PV) and concentrated solar power (CSP).
  • Based on movement, the market is divided into the single axis and dual axis.
  • On the basis of application, the market is segmented into utility and non-utility.
  • Geographically, the market share is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.  

Drivers & Restraints:

Rising Adoption for Renewable Energy Sources to Propel Market Growth

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The solar tracker demand is expected to rise during the forecast period due to rising green energy targets and increasing investment in the solar energy sector. Also, integrating software technologies such as artificial intelligence and control algorithms with renewable energy are expected to boost the market. Furthermore, increasing renewable power generation source adoption is anticipated to fuel the market growth during the forecast period.

However, high investment and lack of required infrastructure may hinder the market growth.    

Regional Insights:

North America Dominates Global Market Due to Increasing Adoption of Solar Trackers

North America holds the dominant solar tracker market share due to increasing adoption of solar trackers to ensure operational efficiency. Also, technological developments in the region are expected to drive the market during the forecast period. North America stood at USD 3.57 billion in 2021.

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Latin America is expected to hold the second-highest global market share due to high import of solar trackers. Majorly these trackers are imported from North America. 

Quick Buy – Solar Tracker Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/100448

Competitive Landscape:

Contracts with Major Companies Allow Key Players to Strengthen their Position

The companies operating in the market focus on acquiring contracts from different countries in the segmented regions. Also, having a strong supply chain and product portfolio allows companies to attract global customers and expand their business. Furthermore, the key players implement product differentiation and development strategies to enhance their product portfolio.

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Key Industry Development:

January 2022: PVHardware supplied 387 MWp of its Monoline 2V bifacial in the South Jeddah Noor PV project, located in the province of Saudi Arabia. With such continuous major projects at a large track record, PVH has surpassed 3GW contracted across the country.

List of Key Players Profiled in the Report:  

  • NEXTracker (U.S.)
  • Array Technologies (U.S.)
  • Trina Solar (China)
  • SunPower Corporation (U.S.)
  • ArcelorMittal Projects (Luxemburg)
  • Soltec (Spain)
  • Convert Italia (Italy)
  • PV Hardware (Spain)
  • Arctech Solar (U.S.)
  • Solar Steel (Spain)
  • Ideematec (Germany)
  • SunPower (U.S.)
  • Scorpius Trackers (India)
  • Sun Action Trackers (U.S.)

Speak To Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/solar-tracker-market-100448

Table of Content:

  • Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
  • Key Insights
  • Key Emerging Trends – For Major Countries
  • Latest Technological Advancement
  • Insights on Regulatory Scenario
  • Industry SWOT Analysis
  • Porters Five Forces Analysis
  • Value Chain Analysis
  • Qualitative Analysis – Impact of COVID-19
  • Impact of COVID-19 on the Solar Tracker Market
  • Steps Taken by the Government to Overcome the Impact
  • Key Developments by the Industry Players in Response to COVID-19
  • Potential Opportunities and Challenges due to COVID-19 Outbreak
  • Global Battery Solar Tracker Market Analysis (MW, USD Billion), Insights and Forecast, 2018-2029

Continued…

Get your Customized Research Report:      https://www.fortunebusinessinsights.com/enquiry/customization/solar-tracker-market-100448

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About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

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Artificial Intelligence

Tyne and Wear Fire and Rescue Service U.K. to Deploy Motorola Solutions’ Cloud-Hosted Control Room Solution

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New response system helps streamlining workflows, strengthening resilience and improving safety for more than 1 million people in Northeast England
LONDON, Sept. 30, 2024 /PRNewswire/ — Tyne and Wear Fire and Rescue Service has announced that it is strengthening its emergency response capabilities through a cloud-hosted Control Room Solution (CRS) from Motorola Solutions (NYSE: MSI). This move will foster digitalisation, streamline workflows and offer the agency the ability to better scale operations in critical situations such as flooding and wildfires, which have increased in frequency in the U.K. in recent years.

“Our objective is to create one of the safest communities in the country,” said Phil Clark, Area Manager for mobilising and digital transformation at Tyne and Wear Fire and Rescue Service. “We are amongst the fastest responding fire and rescue services in the U.K. for dwelling fires with an average response time of 5 minutes 58 seconds.”
“We will continue to invest in new technologies and plan to offer other fire and rescue services the opportunity to join our newly created control room solution,” said Area Manager Clark. “In doing so, we’ll be able to seamlessly exchange information during joint operations, increase scalability to accommodate varying demand levels, and foster greater cooperation and faster responses in critical situations. Our relationship with Motorola Solutions will enable us to realise and deliver our operational vision, which will ultimately help to save lives and put Tyne and Wear Fire and Rescue Service at the forefront of Control Room technology in the U.K.”          
Every day, more than 1 million people rely on Tyne and Wear Fire and Rescue Service, who operate 17 community fire stations in Northeast England. Their responsibilities across the community include responding to primary and secondary fires, road traffic collisions, civil emergencies, water and structural rescues and delivering fire safety advice to residents and businesses.
The browser-based CRS enables staff to access the control room by securely logging on from any location to set up mobile command posts or provide remote support for incidents. The new platform will integrate Motorola Solutions’ CommandCentral Evidence software for storing and securely handling control room voice recordings, unifying critical communications and data in one platform, while also linking to the appropriate cases.
“Demand on the fire and rescue service has evolved over the years, and emergency services continue to respond to a wide range of complex incidents,” said Fergus Mayne, U.K. and Ireland country manager at Motorola Solutions. “Our cloud-hosted CRS solution benefits Tyne and Wear Fire and Rescue Service with an intuitive and unified response system that integrates all communications into one efficient and resilient work environment.”
About Motorola Solutions
Motorola Solutions is solving for safer. We build and connect technologies to help protect people, property and places. Our solutions enable the collaboration between public safety agencies and enterprises that’s critical for a proactive approach to safety and security. Learn more about how we’re solving for safer communities, safer schools, safer hospitals, safer businesses – safer everywhere – at www.motorolasolutions.com.
Tyne and Wear Fire and Rescue Service
Tyne and Wear Fire and Rescue Service leads the operational delivery of fire and rescue, including public protection, emergency prevention and resilience for the five local authority areas of Gateshead, Newcastle, North Tyneside, South Tyneside and Sunderland. 
The fire service operates from 17 community fire stations across Tyne and Wear, with our stations, employees and appliances strategically placed across the region to ensure efficient and effective response to fire and rescue emergencies. www.twfire.gov.uk 
Photo – https://mma.prnewswire.com/media/2517802/TWFRS_Control_Room.jpg
 

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Artificial Intelligence

Heimdal and emt Distribution Aim to Dominate the Middle East Cybersecurity Market

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COPENHAGEN, Denmark and DUBAI, UAE, Sept. 30, 2024 /PRNewswire/ — Heimdal and emt Distribution announce a strategic partnership that combines Heimdal’s advanced cybersecurity solutions with emt Distribution’s deep market expertise.

The collaboration will deliver sophisticated yet user friendly products to the Middle East. With Heimdal offering the widest cybersecurity stack in the world, and emt Distribution being the region’s leading distributor, the partnership is well-positioned for success.
Together, they are committed to educating the market on how strategic consolidation, training, and strong vendor relationships will maximize value.
Bringing a new dynamic to the market
Under this partnership, the two parties have promised to:
Roll out Heimdal’s Patch Management solution right away, as it’s a clear improvement over existing tools in the market.Provide local hosting in the United Arab Emirates by 2025, offering compliant, high-performance cloud services tailored to regional needs.Drive new technology adoption with pioneering tools, like the Threat Hunting and Action Center, along with emt Distribution’s market know-how.Offer easy-to-use technology, hands-on training, and show how a SOC can close security gaps while boosting profits.M Mobasseri, Co-Founder and CEO of emt Distribution META: “As we work closely with many cybersecurity experts and CISOs, we consistently encounter a range of challenges, particularly the complexity of managing numerous platforms. These platforms not only require specialized expertise but are also resource-intensive and costly.”
“Having known Heimdal for many years, I’ve witnessed their substantial investments in addressing these challenges and their development of a comprehensive cybersecurity platform that meets the critical needs of customers in the region.”
“Together with Heimdal, we are striving to integrate best-of-breed technologies into a unified platform, with plans for local hosting in 2025 to ensure compliance for businesses of all sizes. In addition, we are excited to announce special terms for our channel partners, aimed at maximizing their growth and profitability.”
Jesper Frederiksen, CEO of Heimdal, commented on the announcement: “Heimdal is pleased to announce a strategic partnership with emt Distribution, the leading security distributor in the Middle East. This collaboration comes in response to the rapidly growing demand for advanced cybersecurity solutions across the region.”
“By joining forces with emt Distribution, Heimdal aims to leverage their extensive network of resellers to provide cybersecurity solutions to organizations throughout the Middle East. Our joint initiative will focus on empowering organizations to significantly reduce their cyber risk exposure through Heimdal’s easy-to-use and cost-effective security solutions and emt Distribution’s unparalleled market reach.”, he added.
About emt Distribution META
emt Distribution META is a channel company with over 30 years of experience in security distribution, offering cyber threat mitigation solutions for Enterprises, SMBs, and MSPs. Committed to selling through channel partners, emt supports a large reseller base and provides technical support and professional services.
For more information, visit emt Distribution.
About Heimdal
Established in Copenhagen in 2014, Heimdal® empowers CISOs, security teams, and IT administrators to improve their security operations, reduce alert fatigue, and implement proactive measures through a unified command and control platform.
Heimdal’s award-winning cybersecurity solutions span the entire IT estate, addressing challenges from endpoint to network levels, including vulnerability management, privileged access, Zero Trust implementation, and ransomware prevention.
For more information, visit Heimdal.
For further press information:
Madalina PopoviciMedia Relations [email protected] 
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/heimdal-security/r/heimdal-and-emt-distribution-aim-to-dominate-the-middle-east-cybersecurity-market,c4044480
The following files are available for download:
https://mb.cision.com/Main/22623/4044480/3028629.pdf
Heimdal and emt Distribution Partnership – Press Release
https://news.cision.com/heimdal-security/i/heimdal-and-emt-distribution-partnership,c3338145
Heimdal and emt Distribution Partnership
 

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Artificial Intelligence

MSD in Strategic collaboration with Briya for Innovative RWE data analysis projects

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TEL AVIV, Israel, Sept. 30, 2024 /PRNewswire/ — MSD, a leading multinational pharmaceutical company successfully completes a first-of-its-kind strategic collaboration with Briya, a medical data retrieval network. This groundbreaking partnership enabled innovative data analysis projects on three critical disease areas MSD plays a part in. Leveraging Briya’s advanced data platform, the partnership facilitated comprehensive data access for these important data analysis projects.

By utilizing Briya’s cutting-edge technology, MSD was able to access, standardize, and analyze real-world and accurate data from diverse sources in real time. This enabled the project to provide a more accurate and holistic view of the patient journey.
“We are happy to have partnered with Briya on this important initiative.” said Udi Cohen, MSD Israel Commercial Operations Director. “Briya’s data curation techniques shed new light on analyzing clinical data, including free text and medical notes, to generate insights about patients. I believe this will allow meaningful clinical insights to be obtained in the future.”
Briya’s platform ensured that all data was handled with the highest standards of security and privacy, complying with regulatory requirements and safeguarding patient information. This collaboration not only exemplifies the power of data in driving medical research but also underscores the importance of strategic partnerships in addressing healthcare challenges.
“Our collaboration with MSD marks a significant milestone in our mission to support innovative research through our robust data solutions,” said David Lazerson, CEO and Co-founder of Briya. “We are proud to have enabled this RWE project and look forward to continuing to work together to improve patient care and outcomes.”
This collaboration demonstrates that combining advanced data capabilities with pharmaceutical expertise can drive impactful healthcare outcomes. MSD and Briya are committed to ongoing innovation and partnership to further the advancement of medical science and improve patient lives.
About MSD:
MSD is a global healthcare leader working to help the world be well. From developing new therapies that treat and prevent disease to helping people in need, we are committed to improving health and well-being around the world. For more information, visit https://www.msd.com/.
About Briya:
Briya’s global healthcare data network taps into the potential of patient-level data, fostering seamless collaboration between hospitals, clinics, health systems, researchers, and life sciences organizations worldwide while upholding regulations. Through this comprehensive solution, data sharing is securely facilitated in real-time, enabling standardization and harmonization of longitudinal data from diverse sources and systems with extreme ease. By leveraging Briya’s expansive network, organizations establish themselves as pioneers in research and innovation, enhance visibility within their sectors, and open up new avenues for revenue generation visit www.briya.com.
Contact Details:Mor Pecht [email protected] 
Photo – https://mma.prnewswire.com/media/2518699/MSD_and_Briya.jpg
 
 

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