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Europe Dual Axis Solar Tracker Market Trends

Report ID: GMI8816
Published Date: Apr 2024
Report Format: PDF

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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.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of Europe dual axis solar tracker was reached USD 1.17 billion in 2023 and is anticipated to expand at 9.5% CAGR till 2032, due to the growing requirement for energy resilience and grid stability in line with gaining traction of community solar and shared solar projects.

Europe dual axis solar tracker market from the utility application segment is projected to grow at 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.

Germany dual axis solar tracker industry is projected to exceed USD 2.5 billion by 2032, led by growing emphasis transiting to a low-carbon energy system along with increasing focus on expanding renewable energy capacity.

Leading dual axis solar tracker firms in Europe are Array Technologies, Inc., DEGERENERGIE GMBH & CO. KG, PARU, Targay, Mechatron Solar and PV Hardware