Dual Axis Solar Tracker Market
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The dual axis solar tracker market size was valued USD 18.6 Billion in 2024 and is estimated to grow at a CAGR of 10.5% from 2025 to 2034. A dual-axis solar tracker is a type of solar tracking system that orients solar panels or photovoltaic modules in both directions horizontal and vertical rotation. This allows the solar panels to follow the sun’s movement across the sky both throughout the day and across seasons, optimizing their exposure to sunlight and maximizing energy production.
Integration of AI, IoT, and remote monitoring technologies into tracking systems is enhancing the value proposition of dual-axis trackers. Newer designs are more modular and easier to install, contributing to cost savings and improved scalability for larger installations. Maximized energy production with high energy yield such as in the case of solar farms with highly favorable weather conditions will augment the market landscape. Moreover, countries with ambitious renewable energy goals, such as those in the European Union and China, are more likely to invest in higher-efficiency technologies, including dual-axis trackers, augmenting the industry growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2024 |
| Dual Axis Solar Tracker Market size in 2024: | USD 18.6 Billion |
| Forecast Period: | 2025 – 2034 |
| Forecast Period 2023 - 2032 CAGR: | 10.5 |
| 2023 Value Projection: | USD 49.7 Billion |
| Historical Data for: | 2021 – 2024 |
| No of Pages: | 80 |
| Tables, Charts & Figures: | 20 |
| Segments Covered: | Application, and Region |
| Growth Drivers: |
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| Pitfalls Challenges: |
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Dual-axis solar trackers are particularly attractive in regions with high solar irradiance, where maximizing solar energy capture is crucial, specifically parts of Southern Europe, the Middle East, Africa, South America, and parts of Asia. Higher efficiency gains of up to 40% over fixed systems and 15-25% over single-axis trackers, coupled with adoption of bifacial solar panels with dual-axis tracking will drive the business growth.
Consumers are increasingly opting for cost-effective clean electricity, supported by government policies promoting renewable energy. For example, Renewable Portfolio Standards (RPS) encourage clean energy adoption, leading to higher energy yields and increased electricity generation, which strengthens the market. Government initiatives like net-metering and feed-in tariffs create favorable conditions for solar energy systems. These systems generate more electricity than fixed-tilt systems or single-axis trackers, making them suitable for residential, commercial, and utility-scale applications.
Based on application, the market is segmented into residential, commercial & industrial and utility. Utility is anticipated to grow over USD 42 Billion by 2034. Growing efforts from private and public sectors, combined with advancements in tracker technology, are boosting product adoption. Increasing partnerships and mergers between solar developers and state-owned companies are increasing the product installations across the utility. Furthermore, regulations for dual-axis solar trackers, including structural requirements, setback distances, and safety considerations, are driving the market statistics.
The U.S. dual axis solar tracker market is anticipated to grow over USD 600 million by 2034. The rapid drop in renewable energy and solar tracker component costs along with the growth of non-hydropower energy sources like wind and solar in the economy, is driving the market growth. Improved design techniques have increased the efficiency and reliability of trackers, will support the industry landscape. In addition, key features including better land utilization and higher panel density per unit, particularly in areas with limited land, are shaping the business outlook.
Leading players are diversifying their portfolios to include both single-axis and dual-axis systems to cater to a wider range of customers, from small to large-scale commercial and utility projects. Manufacturers in the industry are strengthening their market presence by forming partnerships, pursuing strategic mergers and acquisitions, and increasing product developments. Further, several strategic partnerships and mergers within the industry will drive technological advancement, expand geographical footprints, and share resources in R&D.
Eminent players operating in the Dual axis solar tracker industry are:
Market, By Application, 2021 – 2034 (USD Million & MW)
The above information has been provided for the following regions and countries:
Key players in the market include Abengoa, All Earth Renewables, Array Technologies, Inc., DEGERENERGIE GMBH & CO. KG, Haosolar Co. Ltd, Mechatron Solar, PARU, Solar CenTex, Stracker Incorporated, Sun Action Trackers, and Suntactics.
The U.S. dual-axis solar tracker market is anticipated to exceed USD 600 million by 2034, driven by declining costs of renewable energy components and the rising adoption of wind and solar energy sources.
The dual-axis solar tracker industry was valued at USD 18.6 billion in 2024 and is projected to grow at a 10.5% CAGR from 2025 to 2034, driven by the increasing adoption of solar energy solutions to maximize energy production.
The utility sector is expected to surpass USD 42 billion by 2034, supported by advancements in tracker technology and growing collaborations between solar developers and state-owned companies.