Solar Tracker Market - MEA Industry Analysis, Size, Share, Forecast 2019
The growing use of renewable sources of energy as a means of generating power is one of the primary reasons behind the growth of the solar tracker market in the Middle East and Africa (MEA), states Transparency Market Research in its report, titled “ Solar Tracker - Middle East and Africa (MEA) Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2019 ”.According to the report, the MEA solar tracker market is forecast to grow from US$58.7 million in 2012 to a whopping US$308.7 million by 2019, registering an impressive CAGR of 31.9% from 2013 to 2019.The MEA solar tracker market is driven by a surge in demand for energy, fluctuating prices of fuel oil, demand for high-efficiency solar cells, and favorable government feed-in-tariffs, energy programs, and incentive schemes. On the flip side, harsh weather conditions in some regions and capital-intensity of the technology have worked against the solar tracker market in MEA.The research report segments the overall solar ...