Global Dual Axis Solar Tracker Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type;
Fully-Automatic Solar Trackers, and Semi-Automatic Solar Trackers.By Application;
Utility, Commercial, and Residential.By Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).Introduction
Global Dual Axis Solar Tracker Market (USD Million), 2021 - 2031
In the year 2024, the Global Dual Axis Solar Tracker Market was valued at USD 6,376.64 million. The size of this market is expected to increase to USD 17,591.26 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 15.6%.
The Global Dual Axis Solar Tracker Market has witnessed significant growth in recent years, driven by the increasing adoption of solar energy as a sustainable alternative to conventional sources. Dual-axis solar trackers are pivotal in optimizing solar panel efficiency by constantly adjusting their orientation to maximize sunlight exposure throughout the day. This market report delves into the intricate dynamics of the global dual-axis solar tracker sector, analyzing key trends, drivers, challenges, and opportunities shaping its trajectory.
As the world transitions towards cleaner energy solutions, the demand for dual-axis solar trackers continues to surge, particularly in regions with abundant sunlight. Factors such as government incentives, declining solar panel costs, and environmental concerns have propelled the widespread deployment of solar energy systems, thereby augmenting the demand for dual-axis solar trackers. This report provides a comprehensive analysis of the market landscape, offering valuable insights to industry stakeholders, policymakers, and investors seeking to navigate the evolving dynamics of the global dual-axis solar tracker market.
Global Dual Axis Solar Tracker Market Recent Development
- In February 2023, Stracker Solar entered into an agreement with AFC Solar to install its advanced dual-axis solar trackers for the commercial and industrial solar sectors. The companies recognize the significant potential of elevated dual-axis solar trackers due to their durability and adaptability to various environmental conditions. This innovative technology is expected to enhance Stracker Solar's portfolio and help maintain a strong market position.
-
In March 2022, Mechatron Solar received an order for its patented dual-axis solar tracker technology for a solar carport at an academic institution in Israel. Additionally, the company designed the product for agricultural applications, significantly supporting the country's renewable energy initiatives. As a result, Mechatron Solar was able to establish a robust customer base in the market.
Segment Analysis
In this detailed analysis, the Global Dual Axis Solar Tracker Market is segmented based on type, application, and geography, offering comprehensive insights into its dynamics and growth prospects.
By type, the market is categorized into Fully-Automatic Solar Trackers and Semi-Automatic Solar Trackers. Fully-automatic solar trackers employ advanced technology to continuously orient solar panels for optimal sunlight exposure throughout the day, maximizing energy generation. Semi-automatic solar trackers offer a more cost-effective solution with manual adjustments to optimize solar panel positioning.
The market is segmented by application into Utility, Commercial, and Residential sectors. Utility-scale solar projects, characterized by large-scale installations for grid-connected power generation, drive significant demand for dual-axis solar trackers due to their efficiency and energy yield benefits. Commercial applications encompass a diverse range of solar installations in industries, businesses, and institutions, where dual-axis trackers offer enhanced energy production and economic returns. Residential installations, although smaller in scale, are increasingly adopting dual-axis solar trackers to maximize rooftop solar energy generation.
The geographical segmentation covers North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Each region exhibits distinct market dynamics influenced by factors such as solar irradiance levels, regulatory frameworks, economic conditions, and technological adoption. North America and Europe, characterized by supportive government policies and growing renewable energy investments, lead the dual-axis solar tracker market. The Asia Pacific region, driven by rapid industrialization and urbanization, presents significant growth opportunities, especially in countries like China and India. The Middle East & Africa and Latin America regions show increasing interest in solar energy deployment, driven by energy security concerns and environmental sustainability goals.
Global Dual Axis Solar Tracker Segment Analysis
In this report, the Global Dual Axis Solar Tracker Market has been segmented by Type, Application and Geography.
Global Dual Axis Solar Tracker Market, By Type
The Global Dual Axis Solar Tracker Market has been segmented by Type into Fully-Automatic Solar Trackers and Semi-Automatic Solar Trackers.
Fully-Automatic Solar Trackers represent a category of solar tracking systems that operate autonomously, utilizing advanced sensors, controllers, and motors to adjust solar panel orientation dynamically throughout the day to optimize sunlight capture. These trackers offer precise alignment with the sun's position, maximizing energy generation efficiency. They are often preferred for large-scale solar installations due to their high accuracy and reliability, particularly in environments with fluctuating weather conditions.
Semi-Automatic Solar Trackers comprise a category of solar tracking systems that incorporate some degree of manual intervention or control. While they still utilize sensors and motors to adjust solar panel orientation, they may require periodic manual adjustments or recalibration by operators. Semi-automatic trackers offer a balance between automation and user control, providing flexibility in operation and maintenance while still enhancing energy output compared to fixed-tilt systems. They are commonly deployed in smaller-scale solar installations where cost-effectiveness and simplicity of operation are prioritized.
Global Dual Axis Solar Tracker Market, By Application
The Global Dual Axis Solar Tracker Market has been segmented by Application into Utility, Commercial and Residential.
The utility segment represents large-scale solar installations primarily aimed at supplying energy to the grid. These installations are characterized by their significant size and capacity, often spanning vast areas of land. Dual-axis solar trackers offer enhanced energy production efficiency in utility-scale projects by continuously optimizing the orientation of solar panels to track the sun's movement throughout the day.
In the commercial sector, dual-axis solar trackers are deployed in various applications such as industrial facilities, commercial buildings, and institutions like schools and hospitals. These installations cater to the energy needs of businesses and organizations, providing a reliable and sustainable source of electricity. Commercial applications benefit from dual-axis tracking technology by maximizing energy output and optimizing the return on investment over the system's lifespan.
The residential segment comprises smaller-scale solar installations installed on residential properties, including homes and apartments. Dual-axis solar trackers in residential settings offer homeowners the opportunity to maximize solar energy production within limited space constraints. While less common in residential applications compared to fixed-tilt or single-axis trackers, dual-axis systems can be advantageous in regions with high solar insolation or where space is limited.
Global Dual Axis Solar Tracker Market, By Geography
In this report, the Global Dual Axis Solar Tracker Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Global Dual Axis Solar Tracker Market Share (%), by Geographical Region, 2024
North America, known for its technological advancements and favorable regulatory environment, emerges as a key market for dual axis solar trackers, driven by increasing adoption in utility-scale solar projects across the United States and Canada. Europe showcases a strong commitment to renewable energy initiatives and sustainability goals, fostering the demand for dual axis solar trackers in countries like Germany, Spain, and the United Kingdom. The Asia Pacific region, experiencing rapid industrialization and urbanization coupled with government incentives for solar energy deployment, presents lucrative opportunities for market growth, particularly in emerging economies such as China, India, and Australia.
The Middle East and Africa region, endowed with abundant sunlight and growing investments in solar energy infrastructure, witnesses a rising adoption of dual axis solar trackers in utility-scale solar projects, especially in countries like the United Arab Emirates and South Africa. Latin America, with its expanding renewable energy market and increasing focus on reducing dependency on traditional fossil fuels, provides a fertile ground for the deployment of dual axis solar trackers across various solar energy projects.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Dual Axis Solar Tracker Market. These factors include; Market Drivers, Restraints and Opportunities
Drivers, Restraints and Opportunity
Drivers
- Expansion of Large-Scale Solar Plants
- Need for Optimal Solar Panel Positioning
- Improved Energy Output and Returns
-
Integration with Energy Storage Solutions - As renewable energy sources like solar power become more prevalent, the need for effective energy storage solutions becomes paramount. Dual axis solar trackers, with their ability to optimize energy capture throughout the day, can complement energy storage systems by maximizing the amount of electricity generated and stored. This integration enhances the overall efficiency and reliability of solar power systems, especially in areas with intermittent sunlight or fluctuating energy demand.
Coupling dual axis solar trackers with energy storage technologies such as batteries allows for better management of energy production and consumption, enabling grid stability and resilience in both on-grid and off-grid applications. By incorporating energy storage solutions, dual axis solar tracker manufacturers and energy developers can offer comprehensive renewable energy solutions that address the challenges of intermittency and variability associated with solar power generation.
Restraints
- Installation and Maintenance Complexity
- Challenges in Adapting to Terrain
- Mechanical Failures Risk
-
Limited Panel Compatibility - Limited panel compatibility arises due to the diverse range of solar panel technologies available, each with its specific design and dimensions. Dual-axis solar trackers need to accommodate different panel sizes, shapes, and mounting configurations to ensure optimal performance. However, not all tracker systems are compatible with every type of solar panel, leading to constraints in system integration and deployment. As a result, manufacturers and developers may face limitations in selecting suitable panel options, impacting the flexibility and scalability of solar projects.
To address this challenge, industry players are focusing on developing versatile dual-axis solar tracker systems capable of accommodating various panel types. Through innovative design approaches and adaptable mounting mechanisms, manufacturers aim to enhance compatibility with different solar panel technologies, including monocrystalline, polycrystalline, and thin-film modules. By offering versatile solutions, the industry seeks to provide developers and installers with greater flexibility in panel selection, streamlining project planning and execution.
Opportunities
- Integration with Building Solutions
- Residential and Commercial Applications
- Collaboration in Energy Projects
-
Off-Grid Solar Solutions - Off-grid solar cater to areas where access to traditional grid infrastructure is limited or nonexistent, offering a sustainable and reliable source of electricity. Dual axis solar trackers play a pivotal role in off-grid systems by maximizing energy production through precise solar panel orientation, thereby optimizing power generation even in remote or off-grid locations.
As the demand for off-grid solutions continues to rise, driven by rural electrification initiatives, humanitarian efforts, and applications in remote industries such as mining and telecommunications, the adoption of dual axis solar trackers is poised to witness significant growth. Off-grid solar solutions offer environmental benefits by reducing reliance on fossil fuels and diesel generators, thereby mitigating carbon emissions and promoting clean energy adoption.
Competitive Landscape Analysis
Key players in Global Dual Axis Solar Tracker Market include
- AllEarth Renewables
- Sun Action Trackers
- NEXTracker
- Array Technologies
- DEGERenergie GmbH
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Application
- Market Snapshot, By Region
- Global Dual Axis Solar Tracker Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Expansion of Large-Scale Solar Plants
- Need for Optimal Solar Panel Positioning
- Improved Energy Output and Returns
- Integration with Energy Storage Solutions
- Restraints
- Installation and Maintenance Complexity
- Challenges in Adapting to Terrain
- Mechanical Failures Risk
- Limited Panel Compatibility
- Opportunities
- Integration with Building Solutions
- Residential and Commercial Applications
- Collaboration in Energy Projects
- Off-Grid Solar Solutions
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Dual Axis Solar Tracker Market, By Type, 2021 - 2031 (USD Million)
- Fully-Automatic Solar Trackers
- Semi-Automatic Solar Trackers
- Global Dual Axis Solar Tracker Market, By Application, 2021 - 2031 (USD Million)
- Utility
- Commercial
- Residential
- Global Dual Axis Solar Tracker Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Dual Axis Solar Tracker Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape Analysis
- Company Profiles
- AllEarth Renewables
- Sun Action Trackers
- NEXTracker
- Array Technologies
- DEGERenergie GmbH
- Company Profiles
- Analyst Views
- Future Outlook of the Market