Press release
A Deep Dive into Dual Axis Solar Tracker Market 2025: Key Drivers, Growth Factors, and Projections 2025-2034
A Deep Dive into Dual Axis Solar Tracker Market
The dual axis solar tracker market will grow from $6.63 billion in 2024 to $7.49 billion in 2025, at a CAGR of 13.0%. The growth is driven by energy efficiency demands, government incentives, falling solar panel costs, and increased environmental awareness about traditional energy sources.
The dual-axis solar tracker market is expected to experience rapid growth, reaching $11.24 billion by 2029 at a CAGR of 10.7%. This growth is fueled by environmental concerns, climate agreements, and declining technology costs. Key trends will include the development of hybrid tracking systems, AI adoption, and robotic cleaning solutions.
What Is Contributing to the Growth of the Dual Axis Solar Tracker Market?
The growing demand for renewable energy is expected to contribute to the growth of the dual-axis solar tracker market. Renewable energy refers to energy from natural resources that are replenished naturally and is considered environmentally friendly. Unlike fossil fuels, renewable energy sources can be continuously replenished and offer a cleaner alternative. Dual-axis solar trackers enhance the efficiency of solar power systems by improving solar installations' reliability and economic viability. For example, in March 2023, the U.S. Energy Information Administration (EIA) reported that the combined share of wind and solar energy in total generation increased from 12% in 2021 to 14% in 2022, surpassing coal and nuclear generation for the first time. As a result, the growing demand for renewable energy is expected to propel the growth of the dual-axis solar tracker market.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14091&type=smp
Which Key Market Leaders Are Driving Dual Axis Solar Tracker Industry Growth?
Major companies operating in the dual axis solar tracker market are PARU Corporation, Trina Solar Co. Ltd., First Solar Inc., NEXTracker Inc., SunPower Corporation, Array Technologies Inc., Soitec S.A., Soltec Power Holdings S.A., Arctech Solar Holding Co. Ltd., DEGERenergie GmbH & Co. KG, ADES International Holding plc, Sun Action Trackers LLC, Reutech Radar Systems Pty Ltd., Energia Ercam S.A., Abengoa Solar India Pvt. Ltd., AllEarth Renewables Inc., Mecasolar SL, Titan Tracker Ltd., Powerway Corporation, Haosolar Co. Ltd, Kirchner Solar Group GmbH, Mechatron LLC, Moser LLC, Shandong Huayue New Energy Co. Ltd., Targray Technology International Inc., SunTactics Inc., Cabanillas Ingenieros S.L., Amberroot Systems Inc., HeliosLite SAS
What Are the Main Segments in the Dual Axis Solar Tracker Market?
The dual axis solar tracker market covered in this report is segmented -
1) By Product Type: Single Axis, Dual Axis, Azimuth-Altitude Dual Axis
2) By Technology: Solar Photovoltaic, Concentrated Solar Power, Concentrated Photovoltaic
3) By Application: Utility, Commercial, Residential
Subsegments:
1) By Single Axis: Horizontal Single Axis Trackers, Vertical Single Axis Trackers
2) By Dual Axis: Active Dual Axis Trackers, Passive Dual Axis Trackers
3) By Azimuth-Altitude Dual Axis: Azimuth-Altitude Trackers With Active Control, Azimuth-Altitude Trackers With Passive Control
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/dual-axis-solar-tracker-global-market-report
Which Geographic Area Leads the Dual Axis Solar Tracker Market?
Asia-Pacific was the largest region in the dual axis solar tracker market in 2024. The regions covered in the dual axis solar tracker market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Dual Axis Solar Tracker Global Market Report?
- Market Size Analysis: Analyze the Dual Axis Solar Tracker Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Dual Axis Solar Tracker Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Dual Axis Solar Tracker Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Dual Axis Solar Tracker Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14091
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: mailto:info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Learn More About The Business Research Company
The Business Research Company ( https://www.thebusinessresearchcompany.com ) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release A Deep Dive into Dual Axis Solar Tracker Market 2025: Key Drivers, Growth Factors, and Projections 2025-2034 here
News-ID: 3850109 • Views: …
More Releases from The Business Research Company
Pesticide And Other Agricultural Chemicals Industry Set to Achieve $156.05 Billi …
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Long-Term Growth Forecast for the Pesticide And Other Agricultural Chemicals Market Size 2025?
In recent years, the market size for pesticides and other agricultural chemicals has witnessed significant growth. From a value of $104.46 billion in 2024, it's projected to swell to $113.13 billion in 2025, reflecting a compound…
Organophosphates Pesticides Industry Expected to Reach $10.67 Billion by 2029 at …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
Organophosphates Pesticides Market Value Projection: How Much Will the Market Size by 2025?
The market size of organophosphates pesticides has experienced consistent growth in the prior years. The market is projected to expand from $8.05 billion in 2024 to $8.41 billion in 2025, with a compound annual growth rate (CAGR) of…
Nitrobenzene Industry Growth Outlook: 7.5% CAGR and $15.35 Billion by 2029
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Long-Term Growth Forecast for the Nitrobenzene Market Size 2025?
In the past few years, the size of the nitrobenzene market has witnessed significant growth. It is projected to increase from $10.96 billion in 2024 to $11.51 billion in 2025, with a compound annual growth rate (CAGR) of 5.1%. The…
Nail Polish Market Analysis: $24.61 Billion by 2029 With a CAGR of 11.5%
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
Nail Polish Market Value Projection: How Much Will the Market Size by 2025?
The industry of nail polish has witnessed significant expansion in the past few years. Projected to surge from $14.39 billion in 2024 to $15.93 billion in 2025, it is expected to observe a compound annual growth rate (CAGR)…
More Releases for Axis
Single Axis Tracker Market
Single Axis Tracker Market Overview
The single axis tracker is an alternative to fixed tilt solar panels. Increasingly, single-axis trackers are being chosen because their biggest benefit is an increase in energy production of around 10-30% due to following the sun throughout the day. Considering the additional ground, installation, operation and maintenance costs, single-axis trackers are the most common tracking system available today. However, the benefits of single-axis trackers also depend…
4-axis & 5-axis CNC Machine Tools Market Latest Trends and Analysis, Future Grow …
The 4-Axis & 5-Axis CNC Machine Tools market report offers a deep dive assessment of the major trends influencing the expansion trajectory of 4-Axis & 5-Axis CNC Machine Tools market. This research document is strategically curated with actionable insights on the pivotal aspects of the industry sphere to empower you with in depth market intelligence. It further includes a granular assessment of the geographical landscape and major segments to accurately…
Global 5-Axis and 6-Axis Articulated Robot Market Data Survey Report 2025
Global 5-Axis and 6-Axis Articulated Robot Market report displays the overall 5-Axis and 6-Axis Articulated Robot advertise estimate (esteem, creation and utilization), parts the breakdown (information status 2013-2018 and gauge to 2025), by makers, locale, type and application.
Global 5-Axis and 6-Axis Articulated Robot Market investigation likewise examines the market status, piece of the overall industry,
Get sample copy of report:
https://www.marketdensity.com/contact?ref=Sample&reportid=7384
Table of Contents
1 5-Axis and 6-Axis Articulated Robot Market Overview…
Solar Tracker (Single Axis and Dual Axis) Market - Array Technologies, SunPower, …
As per the research conducted by KD Market insights, the report titled “Solar Tracker (Single Axis and Dual Axis) Market – By Product Type (Single Axis, Dual Axis) By Technology (PV, CPV, CSP) By Application (Utility, Commercial, Residential) and Global Region - Market Size, Trends, Share & Forecast 2018-2023” provides current as well as future analysis of the market by evaluating the major applications, advantages, trends, and challenges. The report…
Solar Tracker (Single Axis and Dual Axis) Market for Solar PV, CPV, CSP Technolo …
Latest industry research report on: Solar Tracker (Single Axis and Dual Axis) Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
Request For Sample Report @ http://www.marketresearchreports.biz/sample/sample/206138
Solar trackers are utilized to move photovoltaic panels toward the sun to utilize more sunlight. They enable solar modules to remain in the best position to accumulate maximum energy from the sun. The application of tracking technology allows solar panels…
Global Solar Tracker (Single Axis and Dual Axis) Market Research Report 2021
Qyresearchreports include new market research report “Global Solar Tracker (Single Axis and Dual Axis) Market Research Report 2021″ to its huge collection of research reports.
Every key element that has happened so far in the Solar Tracker (Single Axis and Dual Axis) has been represented in this widely inclusive report. A key portion of these market elements incorporate the key player profiles and the market’s general competitive scene, as players are…
