PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1765056
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1765056
Dual Axis Solar Trackers
Global Dual Axis Solar Trackers Market to Reach US$17.9 Billion by 2030
The global market for Dual Axis Solar Trackers estimated at US$8.0 Billion in the year 2024, is expected to reach US$17.9 Billion by 2030, growing at a CAGR of 14.4% over the analysis period 2024-2030. Utility, one of the segments analyzed in the report, is expected to record a 14.6% CAGR and reach US$14.8 Billion by the end of the analysis period. Growth in the Non-Utility segment is estimated at 13.3% CAGR over the analysis period.
The U.S. Market is Estimated at US$1.5 Billion While China is Forecast to Grow at 18.1% CAGR
The Dual Axis Solar Trackers market in the U.S. is estimated at US$1.5 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$3.6 Billion by the year 2030 trailing a CAGR of 18.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 11.0% and 12.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 11.8% CAGR.
Global Dual Axis Solar Trackers Market - Key Trends & Drivers Summarized
Dual axis solar trackers represent a sophisticated technology in the solar energy sector, designed to maximize the efficiency and energy output of photovoltaic (PV) panels. Unlike single axis trackers that follow the sun’s path from east to west, dual axis trackers also adjust the tilt angle of the panels, enabling them to follow the sun’s trajectory across both the horizontal and vertical planes. This capability allows dual axis trackers to capture the maximum possible sunlight throughout the day and across different seasons, leading to a significant increase in energy production compared to fixed-tilt systems. These systems are particularly beneficial in areas with high solar insolation and are often used in large-scale solar power plants, where the additional energy yield can justify the higher initial investment and maintenance costs.
Technological advancements have further enhanced the efficiency and reliability of dual axis solar trackers. Modern systems incorporate sophisticated sensors and control algorithms to optimize the tracking precision, ensuring that the panels are always positioned at the optimal angle to the sun. The integration of GPS technology and machine learning algorithms allows these trackers to adapt to changing environmental conditions and predict the sun’s position with high accuracy. Additionally, improvements in materials and design have increased the durability and lifespan of these systems, reducing the overall maintenance requirements. The use of wireless communication and remote monitoring systems also enables operators to manage and troubleshoot the trackers more efficiently, enhancing the operational efficiency and reducing downtime.
The growth in the dual axis solar tracker market is driven by several factors. Firstly, the increasing demand for renewable energy sources and the global push towards reducing carbon emissions have spurred investments in solar power, creating a robust market for advanced tracking systems. Secondly, the continuous decline in the cost of solar PV panels and the improvement in tracker technology have made dual axis trackers more economically viable, encouraging their adoption in both utility-scale and distributed solar installations. Thirdly, government incentives and supportive policies for renewable energy projects are playing a crucial role in promoting the use of dual axis trackers. Additionally, the growing awareness of the long-term financial benefits of increased energy yield and higher return on investment is driving demand. Furthermore, the rising focus on energy efficiency and the need to optimize land use in solar installations, particularly in regions with limited space, are also contributing to the market expansion. Together, these factors are creating a favorable environment for the growth and development of the dual axis solar tracker market, presenting significant opportunities for innovation and adoption.
SCOPE OF STUDY:
The report analyzes the Dual Axis Solar Trackers market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Application (Utility, Non-Utility)
Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Rest of World.
Select Competitors (Total 78 Featured) -
- Soitec
- First Solar, Inc.
- Trina Solar Co. Ltd.
- Reutech Radar Systems
- Targray Technology International Inc.
- AllEarth Renewables
- DEGERenergie GmbH & Co. KG
- Energia Ercam S.A.
- Haosolar Co. Ltd
- Mecasolar (Mecanizados Solares S.L.)
- NEXTracker, Inc.
- SunTactics
- Kirchner Solar Group GmbH
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TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by increasing the Cost of Goods Sold (COGS), reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.
TABLE OF CONTENTS
I. METHODOLOGY
II. EXECUTIVE SUMMARY
- 1. MARKET OVERVIEW
- Tariff Impact on Global Supply Chain Patterns
- Solar Trackers: A Prelude
- Introduction to Dual Axis Solar Trackers
- Rotation Axes
- Application Markets
- An Overview of the Solar Trackers Market
- Global Market Prospects & Outlook for Dual Axis Solar Trackers
- Utility Application Sector to Spearhead Market Growth
- Regional Analysis: Developed Regions Lead Dual Axis Solar Trackers Market, Developing Nations Promise Future Growth
- Competitive Scenario
- Recent Market Activity
- Dual Axis Solar Trackers - Global Key Competitors Percentage Market Share in 2025 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E)
- 2. FOCUS ON SELECT PLAYERS
- 3. MARKET TRENDS & DRIVERS
- Increasing Solar Power Capacity Augurs Well for Market Expansion
- Rising Global Electricity Demand Creates Conducive Environment for Solar Power Industry
- Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
- Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040
- Global Energy Consumption (in Billion toe) by Country/Region (1995, 2017 and 2040)
- Estimated Global Power Generation Infrastructure Requirement (in US$ Billion) for China, India, Latin America, and North America over the Period 2010-2030
- Emphasis on Renewable Energy Sources Bodes Well for the Market
- Domestic Targets for Greenhouse Gas Emissions of Select Regions/Countries
- Global CO2 Emissions: Percentage Breakdown of Volume Emissions by Fuel Type (2015, 2020, 2040 & 2050)
- Leading Countries with Renewable Energy as % of Total Energy
- Targets for Electricity Production from Renewable Energy Sources in Select Countries
- Government Boost to Solar Energy Adoption to Spur Market Momentum
- Demographic Trends & Urbanization Drive Favor Growth
- World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
- Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
- Non-Utility Segment Offers Robust Opportunities
- Growing Opportunities in Utility Vertical
- Uptrend in Commercial Solar Power Sector Enhances Demand
- Technology Advancements & Innovations
- 4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: World Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
- TABLE 2: World 6-Year Perspective for Dual Axis Solar Trackers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2025 & 2030
- TABLE 3: World Recent Past, Current & Future Analysis for Utility by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
- TABLE 4: World 6-Year Perspective for Utility by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
- TABLE 5: World Recent Past, Current & Future Analysis for Non-Utility by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
- TABLE 6: World 6-Year Perspective for Non-Utility by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
- TABLE 7: World Dual Axis Solar Trackers Market Analysis of Annual Sales in US$ Million for Years 2020 through 2030
III. MARKET ANALYSIS
- UNITED STATES
- Dual Axis Solar Trackers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2025 (E)
- The United States: A Key Market for Solar Modules and Trackers
- Residential Segment Characterized by Continued Diversification
- Residential Solar PV Installations (in MWdc) for Years 2015, 2020 and 2025
- Utility Investments on Solar PV to Drive Dual Axis Solar Trackers Market
- Utility Solar PV Installations (in MWdc) for Years 2015, 2020 and 2025
- Corporate Procurement and Community Solar Model Amplify Non-Utility and Non-Residential Dual Axis Solar Trackers Market
- Non-Residential Solar PV Installations (in MWdc) for Years 2015, 2020 and 2025
- Falling Prices Accelerate Market Expansion of Solar Trackers
- TABLE 8: USA Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 9: USA 6-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2025 & 2030
- CANADA
- TABLE 10: Canada Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 11: Canada 6-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2025 & 2030
- JAPAN
- Dual Axis Solar Trackers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2025 (E)
- TABLE 12: Japan Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 13: Japan 6-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2025 & 2030
- CHINA
- Dual Axis Solar Trackers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2025 (E)
- China: Most Vibrant Market for Solar Modules and Trackers
- China's Solar Power Installed Capacity in GW for the Years 2019 and 2025
- TABLE 14: China Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 15: China 6-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2025 & 2030
- EUROPE
- Dual Axis Solar Trackers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2025 (E)
- Market Overview
- Cumulative Installed Solar PV Capacity (in GW) in EU for Years 2010, 2015, 2020, 2025 and 2030
- Cumulative Grid-Connected PV Capacity (in GWp) in EU for Years 2010, 2015, and 2020
- Favorable Policy Framework to Stimulate Adoption of PV Systems, Driving Demand for Solar Trackers
- TABLE 16: Europe Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
- TABLE 17: Europe 6-Year Perspective for Dual Axis Solar Trackers by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2025 & 2030
- TABLE 18: Europe Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 19: Europe 6-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2025 & 2030
- FRANCE
- Dual Axis Solar Trackers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2025 (E)
- TABLE 20: France Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 21: France 6-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2025 & 2030
- GERMANY
- Dual Axis Solar Trackers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2025 (E)
- Germany: A Prelude to the Solar Market
- TABLE 22: Germany Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 23: Germany 6-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2025 & 2030
- ITALY
- TABLE 24: Italy Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 25: Italy 6-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2025 & 2030
- UNITED KINGDOM
- Dual Axis Solar Trackers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2025 (E)
- TABLE 26: UK Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 27: UK 6-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2025 & 2030
- REST OF EUROPE
- TABLE 28: Rest of Europe Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 29: Rest of Europe 6-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2025 & 2030
- ASIA-PACIFIC
- Dual Axis Solar Trackers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2025 (E)
- Asia-Pacific Leads Solar PV Installations, Driving Dual Axis Solar Trackers Market
- Focus on Renewable Energy Mix and Favorable Government Policies Bodes Well for Market Growth
- TABLE 30: Asia-Pacific Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 31: Asia-Pacific 6-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2025 & 2030
- REST OF WORLD
- TABLE 32: Rest of World Recent Past, Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 33: Rest of World 6-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2025 & 2030
IV. COMPETITION
