Published on : Dec 21, 2015
The global solar sector is obsessed with improving efficiency of solar cells. Elevated efficiency means higher generation of electricity, which translates into higher production leading to cheaper power. The solar sector is obsessed with efficiency as it will help to provide electricity generated via solar systems at a very affordable rate and increase the reach of this alternative energy.
One such technology used in the global solar sector is that of solar trackers. The demand for solar trackers is projected to grow remarkably in the Middle East and Africa (MEA) market in the coming few years. Solar trackers boost efficiency of solar panels as they help to orient a payload in the direction of the sun. These payloads are usually solar panels, but they can also be mirrors, lenses, Fresnel reflectors, or parabolic troughs. There are two types of solar trackers: single axis and dual axis.
Both types have their advantages and disadvantages. Although, dual axis solar tracker offer more accurate orientation towards the sun. However, dual axis trackers are less reliable and more complex, making them not so popular. Hence, the segment of single axis solar tracker is dominating the market and is projected to dominate the market in the coming few years.
The MEA solar tracker market is expected to expand at a remarkable 31.90% CAGR during the forecast period from 2013 to 2019, says Transparency Market Research. This shows how high the demand is going to be for efficiency boosting solar technologies such as solar trackers.
The MEA market is taking the example of solar markets such as Germany and trying to introduce favorable schemes and feed in tariffs to boost their solar power sector. Furthermore, the Middle East has now realized that the fossil fuel resources are not reliable on and is moving towards alternative energies such as solar.
Ambitious solar power projects in the MEA market will further propel the demand for solar trackers. By 2020, the MENA region is projected to invest over US$50 bn to propel their renewable energy sector. In Morocco, the construction of the world’s largest concentrated solar plant has already started. In addition to this, the Noor Solar Project is being built just outside of the Saharan city of Ouarzazate. This solar project is aiming to provide half of the nation with energy by the end of 2020.