Latest news with #decarbonization
Malay Mail
24 minutes ago
- Business
- Malay Mail
DHL commits to helping Indonesia expand its fast-growing sectors and aid its rise as a global trade hub
Offers comprehensive end-to-end solutions tailored for Indonesian businesses' unique needs and multinational enterprises seeking to expand locally Sees opportunities in the new energy, life sciences and healthcare, and e-commerce sectors Supports Indonesia's net-zero ambitions and businesses on their decarbonization journeys through a series of targeted initiatives From left to right: Ahmad Mohamad (Senior Technical Advisor, DHL Express Indonesia), Nicholas Bongsosartono (President Director, DHL Global Forwarding Indonesia), Matthias Gehrsitz (Managing Director, DHL Supply Chain Indonesia) Multimodal transportation management Specialized warehousing with critical value-added services such as battery testing and charging Comprehensive aftermarket battery handling solutions Dedicated team of EV logistics specialists who possess deep knowledge in navigating the sector's complex logistical demands while maintaining the highest standards of safety and compliance. DHL Global Forwarding Life Science and Healthcare (LSH) Competency Centre in Jakarta offers specialized storage facilities that maintain temperatures of 2–8°C and 15–25°C, ensuring product integrity and regulatory adherence with the support of trained experts. DHL Medical Express is a premium service that combines the division's logistics expertise with a dedicated and unique range of features to create a flexible solution for the Life Sciences industry. Secure, temperature-controlled transport of vital medical goods through specialized packaging maintains the integrity of vital pharmaceuticals and biotechnological materials. DHL Supply Chain offers deep expertise for various needs, ranging from pharmaceuticals and medical devices to logistics for clinical trials and supply chain consultancy and inventory management for hospital and health services. DHL Express Indonesia is leading the way to reduce the industry's carbon footprint with its GoGreen Plus service, which enables customers to reduce their greenhouse gas emissions by up to 80% through the use of Sustainable Aviation Fuel (SAF). DHL Express currently also deploys 28 electric vehicles for first and last-mile deliveries, as part of its progress in reaching the DHL Group 's global target to electrify over 66% of its pick-up and delivery fleet by 2030. DHL Global Forwarding Indonesia is among the industry's first to pilot electric van for inner-city deliveries, while offering sustainable marine and aviation fuels through its GoGreen Plus solutions to enable customers to easily reduce their main haul carbon emissions across all trade lanes. DHL Supply Chain Indonesia delivers sustainable logistics solutions – from carbon-neutral warehouses powered by solar PV (covering 30% of energy needs), to five regulatory-compliant EV units. Additional eco-friendly measures at the sites, such as rainwater harvesting systems and the adoption of reusable pallets and packaging, ensure that environmental impact is minimized across every supply chain touchpoint. The division also has a dedicated team of EV logistics experts who are ready to support the growth of Indonesia's commercial EV sector through reliable and compliant supply chain solutions. JAKARTA, INDONESIA- Media OutReach Newswire - 20 June 2025 - DHL, the world's leading logistics company, through its Strategy 2030 – Accelerate Sustainable Growth, is focused on supporting Indonesia's ambitions as a key player in both regional and global trade. According to the DHL Trade Atlas 2025 , Indonesia is expected to rank in the top 30 countries for trade growth in speed and scale over the next five years. Its dynamic economy, driven by rapid digital transformation and strategic infrastructure investments, presents significant opportunities for businesses. However, a volatile business environment – characterized by geopolitical tensions and shifting trade patterns – poses challenges and uncertainties for the presence of three DHL Group divisions – DHL Express, DHL Global Forwarding, and DHL Supply Chain – businesses based in Indonesia can tap into end-to-end logistics offerings across the divisions, access a vast global logistics network, and lean on deep expertise to help navigate fluctuating trade complexities. Additionally, the DHL divisions are especially focused on supporting the expansion of fast-growing sectors in Indonesia such as electric vehicles (EVs), life sciences and healthcare, as well as e-commerce and retail."Indonesia's neighbors have been getting all the attention recently when it comes to supply chain resiliency, but this country has much to offer. We have a large domestic market and talent pool, and the government has been investing in modernizing its logistics sector through the National Logistics Ecosystem also see growth opportunities in cities beyond the Greater Jakarta area, such as Surabaya, Semarang, Batam, and Bali, among others, which are viable alternatives for businesses looking to diversify their supply chains. More importantly, we also want to help Indonesian brands expand their horizon beyond the local market through e-commerce," said Ahmad Mohamad, Senior Technical Advisor of DHL Express addition to international brands expanding into Indonesia, there is also a growing pool of Indonesian brands that are going global. Indonesia's strategic location and proximity to major markets in the region make it an attractive location as a global trade hub. It is actively part of at least 12 major bilateral and multi-lateral trade agreements, including the Regional Comprehensive Economic Partnership (RCEP), currently the world's largest free trade Group has been investing in Indonesia to help boost the country's logistics and supply chain capabilities. It has more than 4,000 employees in the country, with approximately 180 facilities across Indonesia, to help cater to the needs of rapidly growing companies in the country."Another sector that we see massive growth opportunities in is new energy in Indonesia, particularly EV batteries. Indonesia's goal of becoming one of the world's top three EV battery producers by 2027 is also in line with our Strategy 2030 focus in this last year, we have seen at least seven EV manufacturers commit to building production facilities in the country. There is also keen interest from many China EV enterprises looking for a logistics partner that can deliver safe and compliant end-to-end logistics. Our existing experience in the automotive industry with customers such as Chery and Wuling Motors, along with regional capabilities and know-how in the EV industry, puts us in a prime position to help EV players navigate the Indonesian landscape," said Matthias Gehrsitz, Managing Director, DHL Supply Chain support this fast-growing industry, DHL's customers in this sector have access to a comprehensive end-to-end logistics solution tailored specifically for EV supply chains. This includes:"Indonesia's life science and healthcare (LSHC) sector is large, but still developing. As a country, we've always been heavily reliant on imports in this sector, but there is a push by the government to reduce imports and be more self-reliant. It is projected that the pharmaceutical sector market value will increase to US$11 billion (~EUR9.5 billion) in us, this would mean investing in the proper logistics infrastructure to support this ambition, such as implementing specialized cold-chain solutions that encourage companies to establish their facilities here in Indonesia," said Nicholas Bongsosartono, President Director, DHL Global Forwarding has been investing in Indonesia ahead of the curve to meet market demands:DHL Group has also recently announced a strategic investment of €500 million to bolster its Life Sciences and Healthcare (LSHC) infrastructure across all business units in Asia Pacific . With its new sector brand, DHL Health Logistics, the Group consolidates its life sciences and healthcare expertise under one unified umbrella, creating a seamless, end-to-end experience for customers that simplifies the management of complex, cross-border supply ambitions to be a frontrunner in low-carbon logistics operations are also aligned with Indonesia's sustainability ambitions. The country wants to reduce greenhouse gas emissions by 29% by 2030 and achieve a low-carbon economy by 2060 or sooner. It also aims to phase out fossil-fuel power plants by 2039 and significantly expand renewable energy capacity. DHL is supporting Indonesia's sustainability targets in several ways:Hashtag: #DHL The issuer is solely responsible for the content of this announcement. DHL – The logistics company for the world DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With approximately 400,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as "The logistics company for the world". DHL is part of DHL Group. The Group generated revenues of approximately 84.2 billion euros in 2024. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. DHL Group aims to achieve net-zero emissions logistics by 2050.
NHK
2 hours ago
- Business
- NHK
Japan plans fuel subsidies amid Israel-Iran oil supply threat
Japan's government says it will introduce fuel subsidies to counter possible spikes in prices, should the fighting between Israel and Iran disrupt crude oil supply. The government says it will subsidize oil wholesalers to keep the pump price of regular gasoline around 175 yen, or 1.2 dollars, a liter, even if crude prices jump. It will provide the same level of subsidy for light oil. The support for kerosene and heavy oil will be roughly half of the gasoline subsidy, while aviation fuel will be about 40 percent. The government says the program will kick in on June 26 and last for some two months. It will be funded from the existing budget. The support comes on top of a fixed subsidy to oil wholesalers already in place. That program began last month to stem rising gasoline prices and the subsidy has gradually increased to 10 yen per liter. Japan's Industry Minister Muto Yoji stressed the subsidies will be temporary. "Considering decarbonization efforts, this support program for fuel is not something that can continue indefinitely," he said. Muto said the subsidies are to help support the daily lives of citizens through July and August, when gasoline demand typically increases.
CTV News
5 hours ago
- Business
- CTV News
Quebec dials back emissions projections due to global uncertainty
The Quebec government is scaling back its projections for greenhouse gas emissions reductions due to the Trump administration. A report published Thursday by the province's Environment Department says the current U.S. government has created a 'challenging environment for advancing climate action.' It points in particular to U.S. President Donald Trump's decision to impose tariffs, which it says have slowed down business investment, including in decarbonization. It also says the administration's attempts to challenge carbon pricing mechanisms in various U.S. states were 'exerting downward pressure on market prices.' 'The economic and political uncertainty caused by the new U.S. federal administration ... does not allow the deployment of measures as quickly and effectively as planned,' the report says. The government now estimates that measures being adopted in Quebec to reduce emissions will account for 65 per cent of the cuts needed to reach the province's 2030 emissions target, down from a projected 67 per cent last year. Quebec is aiming to reduce greenhouse gas emissions by 37.5 per cent compared to 1990 levels by 2030. That's a drop of about 30 million tonnes from projected emissions in the absence of climate policies. The new report is an annual update on the province's progress toward meeting that goal. It estimates that planned measures will cut emissions by 19.4 million tonnes in 2030, a slight drop from last year's projections. The document also says the Canadian government's decision to scrap the federal consumer carbon price in April could harm the competitiveness of Quebec businesses. 'Uncertainty remains regarding the actions that will be taken by the federal government to combat climate change,' it reads. Quebec has so far maintained its own cap-and-trade carbon pricing system, which is linked with California's system. The report says Quebec's carbon price is a major driver of emissions reductions in the province, and revenue from the carbon market is an important source of funding for other climate measures in the government's plan. The report highlights $10.1 billion in planned government spending over the next five years, much of it to reduce emissions from transportation, industry and housing. It says new initiatives under development could lead to further emissions cuts and could get the province to between 67 and 72 per cent of its 2030 target. Despite dialling back its projections, the government says greenhouse gas emissions dropped by 0.9 million tonnes in Quebec between 2022 and 2023, and have not returned to pre-pandemic levels. The report also says there was a record number of electric-vehicle sales in Quebec in 2024, with more than 125,000 new registrations. Zero-emission vehicle sales made up nearly 31 per cent of light-duty vehicle sales that year, it says, and there were 375,000 electric vehicles on the road in Quebec last December. This report by The Canadian Press was first published June 19, 2025. Maura Forrest, The Canadian Press
Yahoo
11 hours ago
- Business
- Yahoo
GEV vs EMR: Which Energy Innovator Is the Better Player?
As the global shift toward decarbonization, electrification, and digital infrastructure accelerates, energy technology stocks like GE Vernova GEV and Emerson Electric EMR are gaining momentum. From an investment point of view, these companies offer long-term growth potential as demand for sustainable and efficient energy technologies continues to rise across developed and emerging markets. While GE Vernova is a pure-play energy company with a dedicated focus on grid modernization, renewable power, and decarbonization technologies, Emerson Electric offers a broader industrial portfolio, combining advanced automation, process control, and energy efficiency solutions that support multiple sectors in achieving their emission reduction and sustainability goals. As governments and industries worldwide ramp up investments in renewable energy, grid modernization, and smart automation to meet climate goals and energy efficiency targets, GE Vernova and Emerson Electric are well-positioned to capitalize on these structural shifts. Amid this evolving energy landscape, investors with a focus on clean energy may find it challenging to choose between the two. To help make an informed decision, we've provided a detailed comparison below: Recent Initiatives: GE Vernova is rapidly expanding its global footprint in clean energy through strategic collaborations and project wins, as evident from its latest press releases. Notably, the company has recently partnered with Japan's Ministry of Economy, Trade and Industry to enhance energy security and supply-chain resilience. In Europe, GE Vernova has agreed to supply 12 onshore wind turbines to Çalik Renewables for wind farms in Kosovo, supporting the country's 2030 renewable goals. In the UK, it signed a service agreement with Uniper to upgrade gas turbines at the Grain power station, boosting efficiency and lowering emissions. In India, GEV commissioned the first unit of a 1-gigawatt (GW) hydropower expansion. Financial Health: GEV's cash and cash equivalents as of March 31, 2025, totaled $8.11 billion, while both the current and long-term debt values were nil. A comparative analysis of these figures reflects that GE Vernova boasts a strong solvency position, which, in turn, should enable the company to duly meet its commitment to invest $5 billion in research and development (R&D) through 2028. Notably, the company aims to utilize half of this R&D investment in industrializing its existing products and maintaining its installed base. The other half is intended for long-term innovation to deliver next-generation differentiated products. Challenges to Note: GE Vernova, despite strong long-term growth prospects, continues to face challenges in its offshore wind segment. The business has been hit by rising material costs, persistent supply-chain issues, and regulatory delays, all of which have disrupted project timelines and increased expenses. As a key offshore wind turbine supplier, GE Vernova reported a first-quarter 2025 revenue decline of 53.7% for this segment, largely due to slower production. Balancing large-scale investments in next-gen technologies amid declining revenues could pressure margins, making offshore wind a more volatile part of its renewable energy portfolio. Recent Achievements: Among Emerson Electric's recent clean energy achievements, worth mentioning is Emerson systems' control of 65,000 wind turbines worldwide and the automation of one of the world's largest green hydrogen facilities using its valves and measurement devices (as of May 2025). Moreover, 70% of the world's liquified natural gas ('LNG') flows through Emerson valves, with LNG being a cleaner-burning fuel than coal or oil. This highlights Emerson Electric's strategic and growing presence in the global clean energy landscape, driven by its deep integration into critical infrastructure. Financial Health: EMR's cash and cash equivalents as of March 31, 2025, totaled $1.89 billion and declined sequentially. On the other hand, while its current debt totaled $6.19 billion, long-term debt amounted to $8.18 billion. A comparative analysis of these figures suggests that Emerson Electric may face limited short-term financial flexibility, especially for large-scale investments. This, in turn, might restrict the company's ability to invest more in its manufacturing capacity expansion for its automation products and software that are widely used in the clean energy industry. Challenges to Note: Despite strong demand for automation and grid solutions, the company faces the brunt of industry-wide supply-chain disruptions as well as rising input costs. Since Emerson relies on third-party service providers for certain critical infrastructure, solutions, and services across its operations, the persistent supply-chain issues challenging the broader manufacturing industry may constrict EMR's ability to deliver its products on time. Moreover, industry-wide shortage of raw materials as well as labor continues to pose operational risk for large-scale manufacturers like Emerson. The Zacks Consensus Estimate for GE Vernova's 2025 sales and earnings per share (EPS) implies an improvement of 6.4% and 28.3%, respectively, from the year-ago quarter's reported figures. The stock's near-term EPS estimates have also been trending upward over the past 60 days. Image Source: Zacks Investment Research The Zacks Consensus Estimate for Emerson Electric's fiscal 2025 sales implies a year-over-year improvement of 3.3%, while that for earnings suggests a rise of 9.3%. The stock's bottom-line estimates for fiscal 2025 have moved north over the past 60 days, while those for fiscal 2026 have remained unchanged. Image Source: Zacks Investment Research GEV (up 45.5%) has outperformed EMR (up 15.1%) over the past three months and has done the same in the past year. Shares of GEV and EMR have surged 178.7% and 19%, respectively, over the same period. Image Source: Zacks Investment Research EMR is trading at a forward earnings multiple of 20.51X, much below GE Vernova's forward earnings multiple of 52.91X. Image Source: Zacks Investment Research A comparative analysis of both these stocks' Return on Equity (ROE) suggests that EMR is more efficient at generating profits from its equity base compared to GEV. Image Source: Zacks Investment Research Both GE Vernova and Emerson Electric are well-positioned to benefit from the global energy transition, with strong exposure to renewable technologies and automation. GEV's pure-play clean energy strategy, debt-free balance sheet, and robust earnings outlook make it an appealing choice for long-term, risk-averse investors seeking focused exposure to decarbonization and grid modernization. EMR, on the other hand, offers diversification through automation and process control technologies but faces challenges due to its leveraged capital structure and ongoing supply-chain issues. Metric-wise, while EMR trades at a lower valuation and boasts stronger ROE, GEV has delivered superior recent stock performance and higher projected earnings growth. So, staying invested in both is likely to be beneficial. However, for investors prioritizing clean energy and balance sheet strength, GEV may be the more prudent long-term bet, taking into account EMR's huge debt burden, which can be overwhelming in times of crisis. Both GEV and EMR stocks carry a Zacks Rank #3 (Hold) at present. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Emerson Electric Co. (EMR) : Free Stock Analysis Report GE Vernova Inc. (GEV) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
17 hours ago
- Business
- Yahoo
Solar Tracker Market to Gain $29.31 Bn by 2030 with Booming CAGR Value of 26.2% - Exclusive Report by The Research Insights
CHICAGO, June 19, 2025 /PRNewswire/ -- The Solar Tracker Market is projected to be valued at USD 5.75 billion in 2023 and reach USD 29.31 billion by 2030, growing at a CAGR of 26.2% according to a new report by The Research Insights. This rapid expansion is driven by growing concerns about energy conservation and the shift towards renewable energy sources, as individuals and organizations alike seek sustainable alternatives to traditional non-renewable energy options. The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the Solar Tracker Market growth of 26.2% comprises a vast array of Technology, Type, Application and Geography which are expected to register strength during the coming years. For More Information and To Stay Updated on The Latest Developments in The Global Solar Tracker Market Share, Download the Sample Pages: Market Overview and Growth Trajectory: Solar Tracker Market Growth: According to an exhaustive report by The Research Insights, the Solar Tracker Market is experiencing significant growth. The global solar tracker industry expansion results from diverse current trends alongside technological progress that mirrors changing worldwide priorities. The transition toward clean energy fueled by international climate commitments and net-zero targets along with decarbonization efforts stands as a primary driver. Both governments and private sectors are rapidly investing in solar infrastructure especially in developing nations with high solar potential. Dual-axis solar trackers that integrate AI technologies are rapidly advancing which boosts energy efficiency and return on investment making these trackers more appealing. Agrivoltaics and floating solar projects are experiencing increased adoption because trackers allow for effective use of scarce land and water areas. The combination of solar trackers with IoT capabilities and smart grid systems enables adaptive energy production through real-time monitoring which supports smart city projects. The fluctuating prices of fossil fuels combined with escalating costs of grid electricity are motivating industries and utilities to adopt solar-based systems with self-sufficiency while taking advantage of the increased output solar trackers deliver. Current market movements illustrate the transition away from conventional solar setups to smarter and more flexible energy solutions that deliver superior performance. The global market for solar trackers expands due to increasing worldwide demand for solar power as part of renewable energy solutions:The growing need for renewable energy sources like solar power drives the global solar tracker market because they help reduce fossil fuel dependence and support climate change mitigation efforts. International organizations and national governments implement strict carbon emission reduction targets according to international accords like the Paris Climate Accord. Countries worldwide have invested heavily in solar energy infrastructure because solar photovoltaic (PV) systems serve as the main driver in their national energy transition efforts. Solar tracking systems enhance energy yield by 15–30% compared to stationary panels because they adjust solar panel angles throughout the day to follow the sun's movement which makes them a valuable investment for large-scale solar installations. The commitment by major economies including the U.S., EU, China, and India to reach net-zero emissions by 2050 is accelerating the deployment of solar tracking technology throughout developed and emerging markets. For Detailed Market Insights, Visit: Progress in solar tracking systems technology coupled with reduced costs:The solar tracker market expands rapidly due to technological advances that result in better efficiency and reduced costs while enhancing tracking system reliability. Advanced tracking systems today incorporate high-tech sensors along with machine learning and real-time data analytics to improve positioning accuracy while reducing energy waste from shading effects, dirt accumulation, and bad weather. Solar farm energy efficiency has improved because dual-axis tracking systems allow panels to follow the sun's path both horizontally and vertically unlike single-axis systems. Operators use Internet of Things (IoT) technologies and predictive maintenance software to monitor systems remotely which allows them to fix faults before they worsen thus minimizing operational downtime. Cost reductions in tracker components from manufacturing enhancements and economies of scale have made solar trackers more accessible financially for mid-sized projects. The recent developments have strengthened the appeal and economic feasibility of solar trackers for use in regions with abundant sunshine as well as moderate weather conditions. Governmental policy frameworks and economic incentives stimulate the expansion of utility-scale solar projects:Supportive policies combined with tax incentives and subsidies represent essential drivers for the solar tracker market advancement. Asian-Pacific nations along with countries in North America and Europe have put into place supportive laws to promote the use of solar tracking systems. The U.S. Inflation Reduction Act (IRA) establishes provisions that provide extended tax credits and manufacturing incentives to support the development of renewable energy structures such as solar trackers. Utility-scale solar farms are expanding which leads to a substantial increase in market demand. Solar plants with capacities of 10 MW and above gain maximum energy output from tracker systems which become vital components because of their high energy yield potential. India, Brazil, and South Africa as leading emerging economies are driving grid-scale solar project development through procurement models which include auctions and power purchase agreements (PPAs). Supportive measures establish favourable conditions for tracker adoption while promoting long-term market growth. Geographical Insights: North America retains a commanding position in the international market which is expected to remain unchallenged until 2030. The expansion results from a growing emphasis on sustainable energy sources and the support of the Paris Agreement for renewable energy integration into the national energy framework. Stay Updated on The Latest Solar Tracker Market Trends: Global Solar Tracker Market Segmentation and Geographical Insights: Based on Type, the solar tracker market is divided into, Single Axis, and Dual Axis. The dual axis tracker market achieved a revenue share greater than 50.83%, which distinguished it from other solar tracking technologies. Analysts expect the dual axis tracker market segment to achieve peak Compound Annual Growth Rate (CAGR) throughout the forecast timeline. Based on Technology, the solar tracker market is divided into, Solar Photovoltaic (PV), Concentrated Solar Power (CSP), and Concentrated Photovoltaic (CPV). Solar Photovoltaic (PV) technology-maintained market domination in 2022 by controlling approximately 91.52% of the revenue share. The prominent position of PV technology results mainly from how PV cells integrate well with existing photovoltaic module technologies. Based on Application, the solar tracker market is divided into, Utility, and Non-utility. Solar tracker solutions generated most of their revenue from the utility sector which held more than 85.56% of the market share. The rising electricity prices combined with enhanced demand for renewable energy resources are likely to boost solar tracker adoption in the sector. The Solar Tracker Market is segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Key Players and Competitive Landscape: The Global Solar Tracker Market is characterized by the presence of several major players, including: Abengoa Solar S.A. AllEarth Renewables Array Technologies Inc. DEGERenergie GmbH & Co. KG Nclave Powerway Renewable Energy Co. Ltd. Soltec Tracker SunPower Corporation Titan Tracker Trina Solar Limited These companies are adopting strategies such as new product launches, joint ventures, and geographical expansion to maintain their competitive edge in the market. For Region-Specific Market Data, Check Out Brief Sample Pages: Global Solar Tracker Market Recent Developments and Innovations: In May 2025, over 10 gigawatts (GW) of solar tracker deployments were surpassed by Nextracker in India, marking a significant milestone that reinforced its market leadership and highlighted the country's accelerating adoption of solar energy. In response to this growth, an 80,000 sq. ft. office and research and development (R&D) facility is being established in Hyderabad by Nextracker, further solidifying its long-term commitment to serving customers across the region and supporting India's clean energy future. In April 2024: Nextracker Inc. launched the NX Horizon solar tracker system, the industry's first low-carbon solar tracker solution. The product lowers construction emissions and preserves the natural landscape. In February 2023: PVHardware declared their intention to construct the world's biggest solar tracking factory in Spain. The facility will use 65,000 square meters of area. The company aims to expand its production capability to 25 GW to become the leading solar tracker manufacturer worldwide. In February 2023: The Osów project in Poland will utilize Solar Steel's TracSmarT + solar trackers in an agreement with Electrum to create what is believed to be Poland's largest solar tracking system with a total capacity of 21MW. The single-rowed solar trackers will produce enough power to supply 7,000 homes while cutting over 4,200 tons of carbon-di-oxide (Co2) emissions every year. In November 2022: Soltec, one of the world's largest manufacturers of solar trackers, entered into a strategic agreement with Enel Green Power España, the renewable energy subsidiary of the Spanish firm Endesa. This agreement involves establishing a new solar tracker production facility in the Aragon region of Spain. Frequently Asked Questions (FAQs): 1. What is the forecasted market size of the Solar Tracker Market in 2030? The forecasted market size of the Solar Tracker Market is USD 29.31 billion in 2030. 2. Who are the leading players in the Solar Tracker Market? The key players in the Solar Tracker Market include, Abengoa Solar S.A.; AllEarth Renewables; Array Technologies Inc.; DEGERenergie GmbH & Co. KG; Nclave; Powerway Renewable Energy Co. Ltd.; Soltec Tracker; SunPower Corporation; Titan Tracker; and Trina Solar Limited. 3. What are the major drivers for the Solar Tracker Market? The rapid expansion of the Solar Tracker market is driven by the growing concerns about energy conservation and the shift towards renewable energy sources, as individuals and organizations alike seek sustainable alternatives to traditional non-renewable energy options. 4. Which is the largest region during the forecasted period in the Solar Tracker Market? North America currently holds a significant lead in the global market, with a trajectory indicating continued dominance through 2030. 5. Which is the largest segment, by technology, during the forecasted period in the Solar Tracker Market? The Photovoltaic (PV) technology dominated the market landscape, boasting a significant revenue share of around 91.52%. Conclusion: The market for solar trackers grows swiftly because of worldwide efforts to adopt renewable energy and the growing demand for more effective solar energy collection. The performance and reliability of solar tracker systems improve through technological progress in tracking mechanisms and the combined use of smart control systems with real-time data analysis. The expansion of utility-scale solar projects leads to higher demand for single-axis and dual-axis trackers because they deliver substantially greater energy output compared to fixed-tilt systems. Reduced tracker costs combined with labor and land optimization are driving faster adoption of solar tracking systems throughout different regions. The combination of solar tracking systems with IoT frameworks and cloud-based monitoring solutions facilitates predictive maintenance while optimizing energy production. Modern photovoltaic installations now depend on solar trackers as essential components to meet sustainable energy objectives and smart grid development while supporting the move toward low-carbon intelligent energy systems. Need A Diverse Region or Sector? Customize Research to Suit Your Requirement: The report from The Research Insights, therefore, provides several stakeholders— manufacturers, suppliers, government bodies, investors, utility companies, and end-users—with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities. With projected growth to US$ 29.31 billion by 2030, the Global Solar Tracker Market represents a significant opportunity for creators comprise startups, tech innovators, research institutions, and venture capitalists, can position themselves for success in this dynamic and evolving market landscape. Check out more related studies published by The Research Insights: Solar Power Market: According to a new report by The Research Insights, the solar power market, rapid greenhouse gas emissions have heightened the focus on sustainable solutions which casts solar power as a promising source for a cleaner future. As consumers gain more knowledge about renewable energy benefits it is projected that technology demands will rise throughout the coming seven years which will accelerate solar power market expansion. Dual-Axis Solar Tracker Market: According to a new report by The Research Insights, the demand for high-efficiency electricity generation technologies such as CSP and CPV drives substantial growth expectations for the global dual-axis solar tracker market. Browse More related reports on Energy & Power Industry Market Reports – About Us: The Research Insights provides thoroughly conducted research which is backed up by real-time statistics and data. Our experts are eager to help you with any information required under the sun. The key to our success is keeping abreast with the markets, industries, and ever-changing consumer trends that matter. Our market research professionals have in-depth knowledge and expertise across various domains that includes IT and Telecom, Emerging Technologies, Consumer Offerings, Manufacturing and Others. We are committed to reviewing the scope and procedure of the research studies that you select and provide you with an accurate guidance in order to assist you in taking the correct business decisions. Contact Us:If you have any queries about this report or if you would like further information, please contact us: Contact Person: Kaushik RoyE-mail: sales@ +1-312-313-8080Blog: Press Release: Latest News: | Logo: View original content: SOURCE The Research Insights Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
