Product Code: ETC13249898 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Dual-axis Solar Tracker Market was valued at USD 3.1 Billion in 2024 and is expected to reach USD 9.6 Billion by 2031, growing at a compound annual growth rate of 7.35% during the forecast period (2025-2031).
The Global Dual-axis Solar Tracker Market is experiencing significant growth driven by the increasing adoption of solar energy worldwide. Dual-axis solar trackers enhance energy generation by automatically adjusting the orientation of solar panels to track the sun`s movement in two dimensions, maximizing energy capture throughout the day. This technology is particularly effective in regions with high solar irradiance, as it allows solar panels to maintain optimal alignment with the sun for longer periods. Key market players are focusing on technological advancements to improve efficiency and reduce costs, making dual-axis solar trackers more attractive for large-scale solar installations. The market is also influenced by government initiatives promoting renewable energy sources and the growing demand for clean energy solutions. Overall, the Global Dual-axis Solar Tracker Market is poised for continued growth in the coming years.
The Global Dual-axis Solar Tracker Market is experiencing significant growth due to the increasing demand for renewable energy sources. Key trends in the market include technological advancements leading to improved efficiency and performance of dual-axis solar trackers, as well as the integration of smart tracking systems for optimal energy generation. Opportunities in the market are abundant, with the rising adoption of solar energy in various sectors such as utilities, commercial, and residential applications driving the demand for dual-axis solar trackers. Additionally, government initiatives and incentives promoting the use of solar energy further contribute to the market`s growth potential. Overall, the Global Dual-axis Solar Tracker Market presents promising opportunities for manufacturers and stakeholders looking to capitalize on the shift towards sustainable energy solutions.
The Global Dual-axis Solar Tracker Market faces several challenges, including high initial investment costs, complex installation requirements, and maintenance issues. The dual-axis solar trackers are more expensive than their single-axis counterparts due to the additional mechanisms required for dual-axis movement, making them less cost-effective for some projects. Moreover, the complex installation process and maintenance demands can pose challenges for project developers and operators, requiring specialized skills and equipment. Additionally, the moving parts in dual-axis trackers can lead to higher chances of mechanical failures, increasing the need for regular inspections and repairs. Overcoming these challenges will be crucial for the continued growth and adoption of dual-axis solar trackers in the global market.
The Global Dual-axis Solar Tracker Market is being primarily driven by the increasing demand for renewable energy sources, the push for higher energy efficiency, and the growing investments in solar power projects. Dual-axis solar trackers offer improved efficiency by continuously adjusting the orientation of solar panels to track the sun`s movement throughout the day, maximizing energy generation. Additionally, these trackers enhance the overall performance of solar power systems by increasing energy output and reducing the levelized cost of electricity. The focus on reducing carbon emissions and transitioning towards cleaner energy sources is further propelling the adoption of dual-axis solar trackers in utility-scale solar projects, driving the growth of the market globally.
Government policies related to the Global Dual-axis Solar Tracker Market vary by country, with many governments implementing incentive programs to promote the adoption of solar energy. In the United States, the Investment Tax Credit (ITC) provides a 26% tax credit for residential and commercial solar energy systems, including dual-axis solar trackers. Similarly, countries like China and India have introduced feed-in tariffs and subsidies to encourage the deployment of solar energy technologies, including dual-axis solar trackers. Additionally, some countries have set renewable energy targets and emissions reduction goals, driving the demand for solar energy solutions. Overall, government policies play a significant role in shaping the growth of the global dual-axis solar tracker market by providing financial incentives and creating a favorable regulatory environment for solar energy projects.
The Global Dual-axis Solar Tracker Market is poised for significant growth in the coming years due to increasing adoption of solar energy as a sustainable power source. Dual-axis solar trackers offer enhanced energy efficiency by ensuring optimal alignment with the sun`s position throughout the day, resulting in higher energy production compared to fixed solar panels. Factors such as government initiatives promoting renewable energy, technological advancements in solar tracking systems, and a growing focus on reducing carbon emissions are driving the market expansion. Additionally, the declining costs of solar energy technologies and increasing investments in solar projects further contribute to the positive outlook for the Global Dual-axis Solar Tracker Market, with continued growth expected in both developed and emerging markets worldwide.
In the global dual-axis solar tracker market, Asia is expected to witness significant growth driven by the increasing adoption of solar energy in countries like China and India. North America is likely to see steady growth due to government incentives promoting renewable energy. Europe is a mature market for solar trackers with ongoing investments in solar projects. The Middle East and Africa region is experiencing a surge in solar installations, particularly in countries like UAE and South Africa. Latin America is also emerging as a key market for dual-axis solar trackers, with countries like Brazil and Mexico investing in solar energy projects. Overall, the global dual-axis solar tracker market is projected to grow across all regions, but with varying rates of adoption and growth potential.
Global Dual-axis Solar Tracker Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Dual-axis Solar Tracker Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Dual-axis Solar Tracker Market Revenues & Volume, 2021 & 2031F |
3.3 Global Dual-axis Solar Tracker Market - Industry Life Cycle |
3.4 Global Dual-axis Solar Tracker Market - Porter's Five Forces |
3.5 Global Dual-axis Solar Tracker Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Dual-axis Solar Tracker Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Dual-axis Solar Tracker Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global Dual-axis Solar Tracker Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Dual-axis Solar Tracker Market Trends |
6 Global Dual-axis Solar Tracker Market, 2021 - 2031 |
6.1 Global Dual-axis Solar Tracker Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Dual-axis Solar Tracker Market, Revenues & Volume, By Single Axis, 2021 - 2031 |
6.1.3 Global Dual-axis Solar Tracker Market, Revenues & Volume, By Dual Axis, 2021 - 2031 |
6.2 Global Dual-axis Solar Tracker Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Dual-axis Solar Tracker Market, Revenues & Volume, By Utility, 2021 - 2031 |
6.2.3 Global Dual-axis Solar Tracker Market, Revenues & Volume, By Non-Utility, 2021 - 2031 |
6.3.1 Overview & Analysis |
7 North America Dual-axis Solar Tracker Market, Overview & Analysis |
7.1 North America Dual-axis Solar Tracker Market Revenues & Volume, 2021 - 2031 |
7.2 North America Dual-axis Solar Tracker Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Dual-axis Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Dual-axis Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Dual-axis Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Dual-axis Solar Tracker Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Dual-axis Solar Tracker Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America (LATAM) Dual-axis Solar Tracker Market, Overview & Analysis |
8.1 Latin America (LATAM) Dual-axis Solar Tracker Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Dual-axis Solar Tracker Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Dual-axis Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Dual-axis Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Dual-axis Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Dual-axis Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Dual-axis Solar Tracker Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Dual-axis Solar Tracker Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Asia Dual-axis Solar Tracker Market, Overview & Analysis |
9.1 Asia Dual-axis Solar Tracker Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Dual-axis Solar Tracker Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Dual-axis Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Dual-axis Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Dual-axis Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Dual-axis Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Dual-axis Solar Tracker Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Dual-axis Solar Tracker Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Africa Dual-axis Solar Tracker Market, Overview & Analysis |
10.1 Africa Dual-axis Solar Tracker Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Dual-axis Solar Tracker Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Dual-axis Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Dual-axis Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Dual-axis Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Dual-axis Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Dual-axis Solar Tracker Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Dual-axis Solar Tracker Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Europe Dual-axis Solar Tracker Market, Overview & Analysis |
11.1 Europe Dual-axis Solar Tracker Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Dual-axis Solar Tracker Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Dual-axis Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Dual-axis Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Dual-axis Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Dual-axis Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Dual-axis Solar Tracker Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Dual-axis Solar Tracker Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Middle East Dual-axis Solar Tracker Market, Overview & Analysis |
12.1 Middle East Dual-axis Solar Tracker Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Dual-axis Solar Tracker Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Dual-axis Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Dual-axis Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Dual-axis Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Dual-axis Solar Tracker Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Dual-axis Solar Tracker Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global Dual-axis Solar Tracker Market Key Performance Indicators |
14 Global Dual-axis Solar Tracker Market - Export/Import By Countries Assessment |
15 Global Dual-axis Solar Tracker Market - Opportunity Assessment |
15.1 Global Dual-axis Solar Tracker Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Dual-axis Solar Tracker Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Dual-axis Solar Tracker Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Global Dual-axis Solar Tracker Market - Competitive Landscape |
16.1 Global Dual-axis Solar Tracker Market Revenue Share, By Companies, 2024 |
16.2 Global Dual-axis Solar Tracker Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |