Infinium Global Research and Consulting Solutions

By Infinium Global Research Jan, 2024

The global solar tracker market was valued at USD 3,873.8 million in 2022 and is expected to reach USD 17,217.7 million by 2030 and grow at a CAGR of 20.78% over the forecast period. The rising demand for renewable energy is primarily driving the market. Solar energy has emerged as a leading alternative for energy production at low costs. As a result, the demand for solar trackers is expected to grow as installation of solar PVs is expected to result due to growing demand for solar energy. The governments are also supporting the opening up of new solar plants/parks. They are encouraging companies to set up new solar plants by providing them financial assistance, incentives and tax rebates/concessions. This is positively impacting the market. The strong support from the government has created the favorable conditions for the market. The high initial cost of setting up solar tracking equipment is expected to hinder the growth of the market. Nevertheless, product innovations are expected to offer new growth opportunities.

An infographic is a collection of imagery, data visualizations like pie charts and bar graphs, and minimal text that gives an easy-to-understand overview of a topic. As in the example below, infographics use striking, engaging visuals to communicate information quickly and clearly Infographics have become increasingly popular because of their ability to quickly convey large amounts of information in an appealing package.

An infographic (information graphic) is a representation of information in a graphic format designed to make the data easily understandable at a glance.People use infographics to quickly communicate a message, simplify the presentation of large amounts of data, see data patterns and relationships, and monitor changes in variables. The process of creating infographics is sometimes referred to as data visualization. Designers start by researching the topic and gathering data and then organizing it into a visual format. This can include creating charts, graphs, maps, timelines or other visuals to help tell the story.