Europe Solar Panel Tracking System Market Will Reach 4,037 Million by 2030

Mark & Spark Solutions, a top market research and consulting firm, has published a full report on the Europe Solar Panel Tracking System Market. The report says that the market was worth 2,230 million in 2024 and is expected to grow at a strong 10.4% Compound Annual Growth Rate (CAGR) from 2025 to 2030, reaching 4,037 million by 2030. The rapid increase is a result of Europe's strong commitment to its energy transition goals, the decreasing cost of solar PV components, and an increasing need for getting the majority of energy out of utility-scale solar farms.

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◈Market Dynamics
Rapid technological advancements and fierce competition define the European market for solar panel tracking systems. The imperative need to improve the efficiency and return on investment of solar projects shapes the market dynamics. The long-term advantages of substantially increased energy output are compelling widespread adoption, despite initial capital expenditure and maintenance complexity posing challenges. Also, the market is seeing a trend of strategic partnerships between developers of large-scale solar power plants and manufacturers of tracking devices.

◈Key Market Drivers
Several pivotal factors are identified as the primary catalysts for growth in the European market:
▸ The industry for monitoring devices is directly benefiting from the significant regulatory push for solar energy deployment that has been initiated by policies like the European Green Deal and the REPowerEU plan.
▸ Need for Maximized Energy Yield and ROI: Tracking systems can increase energy generation by 15-35% compared to fixed-tilt systems, offering a compelling value proposition for project developers seeking to optimize land use and financial return.
▸ Need for the highest Energy Yield and ROI: Tracking systems offer an excellent value for developers of projects seeking to maximize land use and financial returns and can increase energy generation by 15-35% if compared to fixed-tilt systems.
▸ Reducing Leveled Cost of Electricity (LCOE): As solar panels and other system components continue to decline in price, it is now more affordable to integrate tracking systems into projects.
▸ Development of Utility-Scale Solar Farms: One of the main factors driving the expansion of large-scale solar installations throughout Europe, particularly in sun-rich southern regions, is the reliance on tracking technology to optimize output in these projects.
▸ Technical Advancements: advances in control software, durable materials, and more reliable mechanical constructions lead to in longer system periods and fewer maintenance issues.

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◈ Market Segmentation
The Mark & Spark report offers a detailed segmentation to provide a granular view of the market:
▸ By Technology: Dual-Axis and Single-Axis tracking: Single-axis tracking leads the market because it strikes the best possible balance between cost, complexity, and energy gain for large-scale applications
▸ By Use: Non-Utility and Utility: The largest market share is held by the utility-scale segment, which is fueled by significant investments in solar farms intended to supply electricity straight to the grid.
▸ By Product Type: PV systems make up the largest share, with segments like solar photovoltaic (PV) and concentrated solar power (CSP) tracking systems included.

◈Regional Insights
According to the analysis, the largest and most developed market for solar panel tracking systems is found in Southern Europe, which includes Spain and Italy. High solar irradiance and a large amount of open land that is perfect for utility-scale solar parks are the reasons for this dominance. Due to strong government support and aggressive national solar targets, Western Europe which includes Germany, France, and the Benelux countries is also a sizable and quickly expanding market. As they start to realize their solar potential, emerging markets in Eastern Europe are expected to grow at the fastest rates.

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◈Pricing Trends
A competitive pricing environment is highlighted in the report. Due to manufacturing efficiencies and economies of scale, the average selling price of tracking systems is gradually declining, but the market is also witnessing a shift towards value-based pricing. Systems with cutting-edge features like wireless control, predictive maintenance analytics, and exceptional resistance to severe weather can fetch a higher price. Additionally, the entire cost of ownership-which includes installation, upkeep, and energy gain-is increasingly important when making a purchase rather than just the initial cost.

◈Key Highlights from the Report
▸ Between 2025 and 2030, the European market for solar panel tracking systems is expected to expand by 4,037 Million.
▸ This technology's crucial role in Europe's energy mix is highlighted by its impressive CAGR of 10.4%.
▸ Because of their demonstrated dependability and affordability, single-axis trackers continue to be the preferred technology for the majority of large-scale projects.
▸ Global and regional players compete on price, service, and technology, creating a fragmented competitive landscape.
▸ One important differentiator for manufacturers is the integration of AI and IoT for fault detection and optimal tracker positioning.

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This release was published on openPR.