Lewes, DE -- (SBWIRE) -- 04/18/2016 -- Report forecast the global solar farm automation market to grow at a CAGR of 17.03% during the period 2016-2020.

A solar tracker is a device used to orient a solar panel or align a solar reflector or lens toward the sun. It ensures that the solar modules remain in the best position to harness the maximum energy from the sun. A solar tracker is bound to the panel so that the position of the latter can be changed based on the sun's position throughout the year. Solar tracking is an effective way to increase the efficiency of each solar panel. The two types of trackers used to increase the output from solar farms are single-axis and dual-axis solar trackers.

The report covers the present scenario and the growth prospects of the global solar farm automation market for 2016-2020.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, the adoption of solar trackers increases the efficiency of solar farms by 40%-45%. According to AllEarth Renewable, the adoption of company's dual axis solar tracker produces more than 50% energy compared to fixed solar panels. Similarly, DEGER claims that adoption of its DEGERtracker generates an additional 45% yield compared to fixed PV modules. Mecasolar, the dual axis solar tracker, produces 35% more energy compared to fixed installations.

Further, the report states that high storage costs of solar energy discourage the utilities and non-utilities sectors from investing in solar power farms. This has a direct impact on the growth of the global solar farm automation market.

Global Solar Farm Automation Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Solar Farm Automation Market: ABB, AllEarth Renewables, DEGER, Emerson Electric, First Solar, and Mecasolar.

Other Prominent Vendors in the market are: Abengoa Solar, Array Technologies, Arzon Solar, Energía ERCAM, Frontier Technology, General Electric, GRUPO CLAVIJO ELT, Haosolar, Heliopower, Honeywell International, Mitsubishi Electric, NEXTracker, Rockwell Automation, Siemens, Smarttrak Solar Systems, Trabant Solar, and Yokogawa Electric.

Market driver
- Better efficiency through automation solutions
- For a full, detailed list, view our report

Market challenge
- High solar energy storage cost
- For a full, detailed list, view our report

Market trend
- Turnkey solutions lowering distributors' customer acquisition cost
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 62 pages and 35 Exhibit "Global Solar Farm Automation Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Global investment in renewable energy, Solar power market value chain, Market segmentation by products, Geographical segmentation, Market adoption rate by geography, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-solar-farm-automation-market-2016-2020

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