Europe Dual Axis Solar Tracker Market - Size By Application (Residential, Commercial & Industrial, Utility), Country Outlook & Forecast, 2024 – 2032

Europe Dual Axis Solar Tracker Market

Europe Dual Axis Solar Tracker Market was valued at USD 1.17 billion in 2023 and is anticipated to grow at a CAGR of 9.5% from 2024 to 2032. A dual-axis solar tracker is a mechanism employed in solar energy setups to align solar panels or mirrors along two axes for optimal sunlight absorption. This type of tracker adjusts both horizontally and vertically to continuously face the sun's position throughout the day, optimizing energy capture. By tracking the sun's movement on both axes, the solar trackers can significantly increase the energy output of solar photovoltaic (PV) or concentrated solar power (CSP) systems compared to fixed-tilt or single-axis tracking systems.
 

Growing requirement for energy resilience and grid stability in line with gaining traction of community solar and shared solar projects will sway the business trends. Moreover, technological improvements are driving market growth by increasing the attractiveness of dual-axis solar trackers for utility-scale projects.
 

Europe Dual Axis Solar Tracker Market Trends

Improvements in the performance and efficiency coupled with incentives comprising of investment tax credits (ITC), production tax credits (PTC), and renewable energy mandates will encourage the product deployment. Moreover, rising investments in digital platforms and data analytics tools to remotely monitor and optimize the performance of solar installations along with their ability to optimize energy production and provide reliable electricity generation will drive the product adoption.
 

Europe Dual Axis Solar Tracker Market Analysis

Based on application, the utility solar tracker market is projected to grow over USD 2 billion by 2032 on the account of increasing large scale installations combined with their capability to optimize energy capture throughout the day. Additionally, innovations including advanced tracking algorithms, improved materials, and enhanced control systems will optimize energy yield and reduce maintenance requirements, which will sway the industry outlook.
 

Commercial & industrial dual axis solar tracker market witnessed a share of over 11.5% in 2023. Growing traction of community solar projects, which allow multiple participants to benefit from solar energy generation without installing solar panels on their own properties will further drive the business potential. Furthermore, rising focus on research & development of solar technology combined with increasing efforts to decarbonize energy systems will foster the industry landscape.
 

Germany dual axis solar tracker market is anticipated to reach USD 2.5 billion by 2032. Growing emphasis transiting to a low-carbon energy system along with increasing focus on expanding renewable energy capacity will boost the business growth. Moreover, rising replacement of fossil fuel-based electricity generation in line with focus on corporate sustainability will complement the industry scenario.
 

Europe Dual Axis Solar Tracker Market Share

Array Technologies, Inc., DEGERENERGIE GMBH & CO. KG, PARU, Targay, Mechatron Solar and PV Hardware holds majority of the industry share. Partnerships between solar tracker manufacturers and regulatory agencies or industry associations ensure compliance with evolving regulations and standards governing solar energy installations. In addition, these partnerships streamline project development processes, reduce implementation costs, and enhance overall project economics, making dual-axis solar trackers more attractive to customers and investors.
 

Europe Dual Axis Solar Tracker Market Companies

Major key players operating across the Europe dual axis solar tracker industry include:

• Arctech Solar
• Array Technologies, Inc.
• DEGERENERGIE GMBH & CO. KG
• Mechatron Solar
• PARU
• PV Hardware
• SOLTEC
• STI Norland
• Targay
• Trina Solar
   

Europe Dual Axis Solar Tracker Industry News

• In August 2022, Arctech Solar launched SkyWings, a dual row solar tracker. This tracker was designed for undulating terrain and increase the number of modules. It is equipped with bidirectional slew drives, multi point drive mechanism and is compatible with module cleaning robot for cleaning dust in the environment. The product launch will stimulate the company's portfolio and enhance the customer base in the market.
   
• In July 2021, Mechatron Solar introduced two new dual axis solar trackers for residential and agricultural sectors. The M16KD model for agricultural purpose features including 10 panels high and 8 panels wide and yield solar power upto 33.6 kW. The M10KD model for residential purpose features including 7 panel high and 7 panels wide and yield solar power upto 20.5 kW. Therefore, the two upgraded products showcased the company's expertise in technological development while complementing its presence in the industry.
   

This Europe Dual Axis Solar Tracker market research report includes an in–depth coverage of the industry with estimates & forecast in terms of revenue in ‘MW & USD Billion’ from 2019 to 2032, for the following segments:

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Market, By Application

• Residential
• Commercial & Industrial
• Utility

The above information has been provided for the following countries:

• UK
• France
• Netherlands
• Germany
• Sweden
• Spain
• Austria