Home > Energy & Power > Electrical Equipment > Solar Parts and Components > Dual Axis Solar Tracker Market

Dual Axis Solar Tracker Market Trends

Report ID: GMI5915
Published Date: Jun 2023
Report Format: PDF

Download Free Sample

Dual Axis Solar Tracker Market Trends

Dual-axis solar trackers significantly enhance the energy production in comparison to fixed-tilt or single-axis tracking systems. It will further enable the systems to give higher energy yields and increased electricity generation, which will augment the industry landscape. Shifting government focus toward developing mandates and policies including net-metering and feed in tariff, providing a favorable scenario for solar energy systems. They can generate more electricity in comparison to fixed-tilt systems or single-axis trackers, which will support in incentivizing their use across residential, commercial, and utility-scale applications.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of dual axis solar tracker crossed valuation of USD 7.88 billion in 2023 and is anticipated to expand at a CAGR of 6.5% during 2024 to 2032, explains GMI report.

Utility sector is projected to witness 6% growth rate from 2023-2032 owing to rising public funding and new government initiatives to expand solar energy generation.

North America solar tracker industry size surpassed USD 315 million in 2022 and will expand further due to a rapid decline in the cost of renewable energy and solar tracker components and the expansion of non-hydropower energy sources.

Solar CenTex, Array Technologies, Inc., Haosolar Co. Ltd, All Earth Renewables, Abengoa, DEGERENERGIE GMBH & CO. KG, Sun Action Trackers, Suntactics, Stracker Incorporated, PARU, Targay, and Mechatron Solar.