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Comprehensive 2025 Dual Axis Solar Tracker Market Overview: Trends, Forecasts, and Growth Drivers
Dual Axis Solar Tracker
What Is the Expected CAGR for the Dual Axis Solar Tracker Market Through 2025?
Rapid expansion has been witnessed in the dual axis solar tracker market in the past few years. The market size is projected to rise from $6.63 billion in 2024 to $7.49 billion in 2025, with a compound annual growth rate (CAGR) of 13.0%. The surge during the historical period could be ascribed to requirements for energy efficiency, governmental benefits and regulations, declining costs of solar panels, along with increased consciousness about the environmental consequences of conventional energy resources.
What's the Projected Size of the Global Dual Axis Solar Tracker Market by 2029?
The market size of dual axis solar trackers is anticipated to experience a swift expansion in the coming years, reaching $11.24 billion in 2029 with a 10.7% Compound Annual Growth Rate (CAGR). The projected increase during the forecast period can be connected to several factors, including environmental concerns, worldwide climate pacts, reduction in costs of dual-axis tracking technology, and improved efficiency of solar panels. Noteworthy trends during this forecast period are the rise of smart and connected trackers, the emergence of hybrid solar tracking systems, the incorporation of AI and machine learning, and the implementation of robotic cleaning solutions.
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Top Growth Drivers in the Dual Axis Solar Tracker Industry: What's Accelerating the Market?
The surge in demand for renewable energy is projected to fuel the expansion of the dual-axis solar tracker market in the future. Renewable energy, which is defined as energy harnessed from natural resources that can be replenished in human lifetimes and deemed eco-friendly, provides a more sustainable and cleaner option compared to fossil fuels. These exhaustible resources not only lead to environmental harm but are also finite. On the other hand, dual-axis solar trackers, utilized in renewable energy systems, boost the effectiveness, dependability, and economic feasibility of solar power installations, thereby promoting the wider use and success of solar energy as a sustainable and trustworthy power source. For example, as per Energy Information Administration (EIA), a US federal agency responsible for official energy statistics and information, in March 2023, the combined contribution of wind and solar energy to total generation rose from 12% in 2021 to 14% in 2022. This was a historical moment as the renewable generation output surpassed that of coal and nuclear power for the first time. This growing demand for renewable energy is forecasted to drive forward the expansion of the dual-axis solar tracker market.
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What Trends Will Shape the Dual Axis Solar Tracker Market Through 2029 and Beyond?
Firms majorly contributing to the dual-axis solar tracker market are anchoring their focus on the creation of pioneering products like Skywings, the premier dual-row solar tracker equipped with a multi-point drive mechanism. This innovation is aimed to address various crucial issues in solar power production and to heighten energy output, lower the standard cost of energy, and enhance the steadiness of solar tracking systems. Dual-row solar trackers are solar tracking systems specifically designed to adjust the alignment of solar panels to achieve the highest sunlight exposure possible. For instance, Arctech Solutions Pvt. Ltd., a technology solutions company based in India, unveiled their newest dual-row solar tracker, Skywings, in September 2022. This invention features a multi-point drive mechanism, making it the first dual-row solar tracker in the world that can adapt to rough terrain. Its patented bidirectional slew drives allow two tracker lanes to move in unison and the undulation tolerance between adjacent rows has broadened to 15% in all directions. Furthermore, it has a real-time shading evasion feature that can increase energy production by 8%, and it can be combined with a cleaning robot to further amplify energy output.
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
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Which Top Companies are Driving Growth in the Dual Axis Solar Tracker Market?
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
Which Regions Will Dominate the Dual Axis Solar Tracker Market Through 2029?
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.
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