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Asia Pacific Dual Axis Solar Tracker Market Trends

Report ID: GMI9759
Published Date: Jun 2024
Report Format: PDF

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Asia Pacific Dual Axis Solar Tracker Market Trends

Innovations in solar tracker technology leading to enhanced reliability and efficiency of these systems, improvements in the tracking algorithms along with the integration of weather forecasting data to optimize performance will propel the market growth. Additionally, many regions have implemented Renewable Portfolio Standards (RPS) among other incentives to promote the use of advanced solar technologies, including dual-axis trackers, thereby enhancing sustainability.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

Asia Pacific market for dual axis solar tracker was reached USD 4.76 billion in 2023 and is anticipated to grow at 5.7% CAGR through 2032 owing to the stringent clean energy targets.

The commercial & industrial segment in the Asia Pacific dual axis solar tracker market is anticipated to exceed USD 920 million by 2032 driven by the policy incentives and regulatory frameworks.

China dual axis solar tracker market size is anticipated to reach over USD 5.37 billion by 2032 owing to their higher efficiency.

Arctech Solar, Array Technologies, Inc., DEGERENERGIE GMBH & CO. KG, Haosolar Co. Ltd, PARU, Shandong Zhaori New Energy Tech. Co., Ltd., Suntactics, Targay, Versolsolar Hangzhou Co., Ltd., and Xiamen Grace Solar New Energy Technology Co., Ltd.