Solar Tracker (Single Axis And Dual Axis) Market Revenue was valued at USD 5.3 Billion in 2024 and is estimated to reach USD 12.8 Billion by 2033, growing at a CAGR of 10.3% from 2026 to 2033.
The global solar tracker market has exhibited significant growth, with valuations ranging between USD 3.8 billion and USD 7.88 billion in 2021 and 2023, respectively. Projections indicate a continued upward trajectory, with estimates suggesting the market could reach between USD 15.89 billion and USD 54.20 billion by 2030, reflecting compound annual growth rates (CAGR) spanning from 8.2% to 19.2%. This expansion is primarily driven by the increasing adoption of renewable energy sources and technological advancements enhancing solar tracker efficiency.
Regionally, North America has emerged as a dominant force in the solar tracker market. In 2023, the region accounted for approximately 56.85% of the global market share, equating to a valuation of USD 4.48 billion. The United States, in particular, is projected to experience substantial growth, with market values anticipated to reach USD 9.58 billion by 2032. This growth is largely attributed to supportive federal and state policies, incentives, and regulatory frameworks that promote renewable energy adoption. Additionally, the Asia Pacific region is witnessing rapid expansion, fueled by significant investments and favorable government policies in countries like China and India, leading to increased demand for solar trackers in utility scale projects.
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SunPower
First Solar
NEXTracker
ERCAM
AllEarth Renewables
Vorks Energy
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Solar Tracker (Single Axis And Dual Axis) Market
Single Axis Solar Trackers
Dual Axis Solar Trackers
Utility-Scale Solar Power Plants
Commercial Solar Installations
Residential Solar Installations
Energy Providers
Solar Developers
Residential Users
Government & Municipalities
Solar Panels
Tracking System Mechanics
Control Systems
Installation Accessories
Ground-Mounted Solar Trackers
Roof-Mounted Solar Trackers
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Solar Tracker (Single Axis And Dual Axis) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Solar Tracker (Single Axis And Dual Axis) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Solar Tracker (Single Axis And Dual Axis) Market, By Type
6. Global Solar Tracker (Single Axis And Dual Axis) Market, By Application
7. Global Solar Tracker (Single Axis And Dual Axis) Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Solar Tracker (Single Axis And Dual Axis) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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