PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1758187
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1758187
Global Double Axis Solar Trackers Market to Reach US$11.5 Billion by 2030
The global market for Double Axis Solar Trackers estimated at US$7.7 Billion in the year 2024, is expected to reach US$11.5 Billion by 2030, growing at a CAGR of 7.0% over the analysis period 2024-2030. Polar-Axis Tracking, one of the segments analyzed in the report, is expected to record a 8.1% CAGR and reach US$8.0 Billion by the end of the analysis period. Growth in the Altitude-Azimuth Tracking segment is estimated at 4.7% CAGR over the analysis period.
The U.S. Market is Estimated at US$2.1 Billion While China is Forecast to Grow at 11.1% CAGR
The Double Axis Solar Trackers market in the U.S. is estimated at US$2.1 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$2.4 Billion by the year 2030 trailing a CAGR of 11.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.4% and 6.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.
Global "Double Axis Solar Trackers" Market - Key Trends & Drivers Summarized
Why Are Double Axis Solar Trackers Emerging as a Game-Changer in Renewable Energy?
Double axis solar trackers are rapidly becoming a cornerstone in the renewable energy sector due to their unmatched ability to maximize solar energy capture. Unlike fixed or single-axis systems, double axis trackers adjust panels both horizontally and vertically, allowing them to follow the sun’s movement across all seasonal and geographical variations. This results in a substantial increase in energy yield-up to 35-45% more than fixed systems-making them particularly attractive for utility-scale solar farms and high-performance solar installations. The technology is gaining prominence as global energy strategies shift towards achieving net-zero emissions. Countries with high solar irradiance like India, Saudi Arabia, Australia, and Chile are incorporating double axis trackers in their solar power plant designs to enhance grid contributions. Their application is also expanding into floating solar farms and hybrid renewable installations, where efficient land or water usage is critical. As energy costs fluctuate and climate goals intensify, the demand for technologies that ensure consistent and optimized energy output-like double axis trackers-is growing exponentially.
How Are Advanced Materials and Design Innovations Fueling Adoption?
The rapid advancement in materials science and mechanical engineering has significantly improved the reliability and cost-efficiency of double axis solar trackers. Modern systems are now built with corrosion-resistant alloys, lightweight composites, and self-lubricating bearings that reduce maintenance and extend operational life, even under extreme weather conditions. Wind-resistant designs, sensor-based control systems, and anti-soiling surfaces are also being integrated to enhance durability and reduce energy losses. Additionally, innovations in drive mechanisms-such as slewing drives, gearless motors, and hydraulic actuators-have minimized the risk of mechanical failure and improved the smoothness of panel movements. These engineering improvements have led to lower lifetime operational costs, making double axis trackers more financially viable, even in mid-scale projects. Smart automation features are also enabling real-time performance optimization by responding to changing light, wind, and temperature conditions. These innovations are not only reducing the levelized cost of electricity (LCOE) but also increasing investor confidence in solar infrastructure projects that rely on double axis tracking systems.
Why Is the Global Energy Infrastructure Tilting Toward Dynamic Solar Solutions?
Governments, energy developers, and investors are increasingly aligning around dynamic solar technologies like double axis trackers as part of their long-term energy transition strategies. Regulatory incentives, feed-in tariffs, and tax benefits in countries across Europe, Asia, and North America are encouraging the installation of high-efficiency solar projects, where trackers can maximize return on investment. The decentralization of energy generation-spurred by grid modernization, distributed generation, and rural electrification-is another key trend benefiting tracker systems. In off-grid and microgrid environments, where energy consistency is vital and land resources may be limited, double axis trackers offer the efficiency required to meet demand sustainably. Moreover, the electrification of industries, electric vehicle (EV) charging infrastructure, and energy-intensive data centers is boosting the need for high-output solar systems. EPC (Engineering, Procurement, and Construction) companies and project developers are also pushing for tracker-based installations to win contracts with tighter energy performance guarantees. As global clean energy targets become more ambitious, the agility and performance of double axis tracking systems make them a strategic necessity rather than a luxury.
The Growth in the Double Axis Solar Trackers Market Is Driven by Several Factors…
The growth in the double axis solar trackers market is driven by several factors rooted in technological advancement, shifting energy demand patterns, and evolving policy frameworks. The increasing emphasis on maximizing energy yield per unit of space has made double axis systems highly attractive for utility-scale and land-constrained installations. Technological improvements in actuator design, sensor accuracy, and corrosion-resistant materials have lowered maintenance burdens and enhanced long-term performance, making the systems cost-effective over their lifecycle. From an end-use perspective, the proliferation of industrial, commercial, and remote renewable energy projects is boosting demand for trackers that deliver consistent, high-output energy throughout the day and year. Additionally, changes in consumer and corporate behavior-such as the adoption of net-zero commitments and ESG reporting-are encouraging businesses to invest in high-efficiency solar technologies. National policies promoting energy diversification, coupled with falling component costs and streamlined permitting processes, are also accelerating market expansion. Collectively, these trends are cementing double axis solar trackers as a vital enabler of next-generation solar infrastructure.
SCOPE OF STUDY:
The report analyzes the Double Axis Solar Trackers market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Type (Polar-Axis Tracking, Altitude-Azimuth Tracking); Application (Home Application, Commercial Application, Workspace Application, Other Applications)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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