PUBLISHER: The Business Research Company | PRODUCT CODE: 1686113
PUBLISHER: The Business Research Company | PRODUCT CODE: 1686113
A dual-axis solar tracker refers to a solar energy system component designed to optimize the efficiency of solar panels by dynamically orienting them along two axes to track the sun's movement throughout the day. It is used in solar energy systems to enhance the efficiency and energy output of photovoltaic (PV) panels.
The main types of products in a dual-axis solar tracker are single-axis, dual-axis, and azimuth-altitude dual-axis. Single-axis tracking in the context of solar energy refers to the mechanism by which solar panels or solar collectors are adjusted to follow the sun's movement along one axis. It includes various technologies, such as solar photovoltaic, concentrated solar power, and concentrated photovoltaic, and uses different applications, including utility, commercial, and residential.
The main types of products in a dual-axis solar tracker are single-axis, dual-axis, and azimuth-altitude dual-axis. Single-axis tracking in the context of solar energy refers to the mechanism by which solar panels or solar collectors are adjusted to follow the sun's movement along one axis. It includes various technologies, such as solar photovoltaic, concentrated solar power, and concentrated photovoltaic, and uses different applications, including utility, commercial, and residential.
The dual axis solar tracker market size has grown rapidly in recent years. It will grow from $6.63 billion in 2024 to $7.49 billion in 2025 at a compound annual growth rate (CAGR) of 13.0%. The growth in the historic period can be attributed to energy efficiency demands, government incentives and policies, falling solar panel costs, and rising awareness of the environmental impact of traditional energy sources.
The dual axis solar tracker market size is expected to see rapid growth in the next few years. It will grow to $11.24 billion in 2029 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to environmental concerns, global climate agreements, declining costs of dual-axis tracking technology, and increasing solar panel efficiency. Major trends in the forecast period include smart and connected trackers, hybrid solar tracking systems, adoption of AI and machine learning, and robotic cleaning solutions.
The increasing demand for renewable energy is expected to propel the growth of the dual-axis solar tracker market going forward. Renewable energy refers to energy derived from natural resources that are available on a human timescale and considered environmentally friendly. Unlike fossil fuels, which are finite and contribute to environmental degradation, renewable energy sources can be continually replenished, providing a cleaner and more sustainable alternative. A dual-axis solar tracker is used in renewable energy systems to enhance solar power installations' efficiency, reliability, and economic viability, contributing to the broader adoption and success of solar energy as a sustainable and reliable power source. For instance, in March 2023, according to the Energy Information Administration (EIA), a US-based federal agency that provides official energy statistics and information, the combined wind and solar share of total generation increased from 12% in 2021 to 14% in 2022, with renewable generation surpassing coal and nuclear generation for the first time. The increasing demand for renewable energy is expected to propel the growth of the dual-axis solar tracker market.
Major companies operating in the dual-axis solar tracker market are focusing on the development of innovative products such as Skywings, the first dual-row solar tracker with a multi-point drive mechanism to address several key challenges in solar energy production, and maximize energy yield, reduce the levelized cost of energy, and increase the stability of solar tracking systems. A dual-row solar tracker is a type of solar tracking system used to optimize the orientation of solar panels for maximum sunlight exposure. For instance, in September 2022, Arctech Solutions Pvt. Ltd., an Indian-based technology solutions company, launched its latest dual-row solar tracker skywings. This product is designed with a multi-point drive mechanism, making it the world's first dual-row solar tracker compatible with undulating terrain. The patented bidirectional slew drives enable two tracker rows to move synchronously, and the undulation tolerance of adjacent rows has increased to 15% in east/west and north/south directions. Additionally, it offers real-time shading avoidance, which can boost energy generation by 8%, and can be paired with a cleaning robot to increase energy yield.
In July 2022, Polar Racking, a Canada-based solar PV mounting systems manufacturing company, acquired Axsus Solar for an undisclosed amount. This acquisition is a strategic move driven by Polar Racking to broaden its product portfolio by adding Axsus' popular Sol-X single-axis tracker to the existing fixed-tilt and carport solutions. Axsus Solar is a Canada-based renewable energy platform manufacturer and designer of solar tracking, fixed tilt, and dual solar tracking systems.
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
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.
The countries covered in the dual axis solar tracker market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The dual-axis solar tracker market consists of sales of tracker structures, controllers, tracker control systems, sun tracking sensors, power supply systems, and communication systems. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Dual Axis Solar Tracker Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on dual axis solar tracker market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for dual axis solar tracker ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The dual axis solar tracker market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.