Press release
Emerging Trends to Reshape the Dual Axis Solar Tracker Market: Arctech Solutions Unveils Skywings The World's First Dual-Row Solar Tracker with Multi-Point Drive Mechanism as a Key Influencer
Dual Axis Solar Tracker
Dual Axis Solar Tracker Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for dual axis solar trackers has experienced swift growth in the past few years. It is set to rise from $6.63 billion in 2024 to $7.43 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 12.1%. This growth in the historical period is influenced by factors such as the demand for energy efficiency, governmental incentives and policies, a decrease in solar panel prices, and an increased consciousness of the environmental consequences of standard energy sources.
Dual Axis Solar Tracker Market Size Forecast: What's the Projected Valuation by 2029?
The market size of the dual axis solar tracker is predicted to experience a swift expansion in the upcoming years, reaching a valuation of $11.08 billion in 2029, with a compounded annual growth rate (CAGR) of 10.5%. The surge in this prediction period is linked to environmental worries, international climate accords, decreasing expenses of dual-axis tracking technology, alongside the enhancement of solar panel efficiency. Significant trends likely to be seen during this predicted period involve smart and interconnected trackers, hybrid solar tracking systems, adoption of AI and machine learning, coupled with robotic cleaning solutions.
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What Are the Drivers Transforming the Dual Axis Solar Tracker Market?
The surging need for renewable energy is anticipated to drive the expansion of the dual-axis solar tracker market in the future. As energy harnessed from naturally available, environmentally friendly resources within human lifetimes, renewable energy is viewed as a more sustainable alternative compared to finite fossil fuels that damage the environment. Dual-axis solar trackers are employed within renewable energy systems to optimize the efficiency, reliability, and economic feasibility of solar power installations. This contributes to the broader acceptance and success of solar energy as a dependable and sustainable power source. For example, in March 2023, the Energy Information Administration (EIA), a US federal agency responsible for providing official energy statistics, reported that the combined total generation of wind and solar had risen from 12% in 2021 to 14% in 2022. This marked the first time renewable generation had exceeded coal and nuclear generation. The rising demand for renewable energy is thus anticipated to fuel the expansion of the dual-axis solar tracker market.
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What Long-Term Trends Will Define the Future of the Dual Axis Solar Tracker Market?
Major corporations in the dual-axis solar tracker market are channeling their efforts towards the creation of groundbreaking products like Skywings. This is the inaugural dual-row solar tracker equipped with a multi-point drive mechanism, fashioned to solve prevalent issues in solar power production, enhance the amount of energy produced, lower the levelized cost of energy, and bolster the stability of solar tracking systems. A dual-row solar tracker is a particular kind of solar tracking system that optimizes the positioning of the solar panels to gain maximum exposure to sunlight. For example, in September 2022, Arctech Solutions Pvt. Ltd., a technology solutions firm based in India, introduced its newest dual-row solar tracker called skywings. This product features a unique multi-point drive system making it the first of its kind dual-row solar tracker that adapts to uneven terrain worldwide. Its specially patented bidirectional slew drives allow for the simultaneous movement of two tracker rows, and it has improved the undulation tolerance of neighboring rows to 15% in all directions. Moreover, this product possesses realtime shading avoidance, leading to an 8% increase in energy production, and can be accompanied by a cleaning robot to ramp up energy yield.
Which Segments in the Dual Axis Solar Tracker Market Offer the Most Profit Potential?
The dual axis solar trackermarket 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 Firms Dominate the Dual Axis Solar Tracker Market by Market Share and Revenue in 2025?
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 Offer the Highest Growth Potential in 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.
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