Unveiling the Growth Trajectory of the Solar PV Tracker Market: Trends and Forecast, 2030

Solar PV Tracker Market Drivers:

Increased Energy Efficiency: Solar PV trackers enhance energy production by allowing solar panels to track the sun's movement throughout the day, maximizing the amount of sunlight captured. This leads to higher energy output compared to fixed solar installations.

Higher Energy Output: Solar trackers enable solar panels to maintain an optimal angle relative to the sun, resulting in improved energy generation throughout the day. This increased energy output makes solar PV trackers an attractive option for projects aiming to generate more electricity.

Improved ROI (Return on Investment): The enhanced energy output from solar trackers contributes to quicker payback periods and higher returns on investment for solar power projects. This is especially relevant for utility-scale installations where the initial investment can be substantial.

Reduced LCOE (Levelized Cost of Energy): Solar trackers can help lower the levelized cost of energy by increasing the amount of electricity generated per installed capacity. This can make solar power more competitive with other energy sources.

Technological Advancements: Ongoing advancements in tracking technology, such as dual-axis and single-axis trackers, have improved the efficiency and reliability of solar PV trackers. This encourages adoption as the technology becomes more robust and cost-effective.

Growing Solar Industry: The global shift towards cleaner energy sources and increased awareness of environmental concerns has led to significant growth in the solar industry. Solar trackers play a role in meeting this demand by optimizing energy production.

Land Utilization: Solar trackers allow for better utilization of available land by optimizing energy generation per unit area. This is particularly beneficial in regions where land is limited or expensive.

Solar PV Tracker Market Overview:

Solar PV Tracker Market is expected to register a revenue CAGR of 18.5% from 2022 to 2030.

Solar energy is a clean, renewable and sustainable source of energy. With the growing need to reduce the dependence on non-renewable sources of energy, the use of solar energy has increased significantly in recent years. To make the most out of solar energy, it is important to optimize the collection of solar energy. One way to do this is by using solar trackers. In this blog, we will discuss solar trackers, their application, types, and some of the major suppliers, manufacturers and companies in the solar tracker industry.

What is a Solar Tracker?

A solar tracker is a device that automatically tracks the sun's movement throughout the day, following the path of the sun from east to west, and tilting the solar panels to maintain an optimal angle of incidence with the sun. This allows solar panels to capture the maximum amount of solar energy throughout the day.

Solar Tracking System Applications

Solar tracking systems are used in a variety of applications. Some of the most common applications include:

1. Solar power plants: Solar power plants are large-scale installations that generate electricity from solar energy. Solar trackers are used in solar power plants to maximize the amount of energy produced.

2. Residential solar systems: Solar trackers can be used in residential solar systems to optimize the collection of solar energy.

3. Agricultural applications: Solar trackers can be used in agricultural applications to power irrigation systems and other farming equipment.

4. Military applications: Solar trackers are used in military applications to power remote bases and to provide power to soldiers in the field.

Types of Solar Tracking Systems

There are two main types of solar tracking systems: single-axis and dual-axis trackers.

1. Single-Axis Trackers: Single-axis trackers rotate the solar panels on one axis, typically from east to west. This allows the solar panels to follow the sun's movement throughout the day. Single-axis trackers are generally less expensive and simpler to install than dual-axis trackers.

2. Dual-Axis Trackers: Dual-axis trackers rotate the solar panels on two axes, both east to west and up and down. This allows the solar panels to track the sun's movement throughout the day and throughout the year. Dual-axis trackers are more expensive than single-axis trackers but they can increase energy production by up to 40%.

Solar PV Tracker Systems

Solar PV tracker systems are designed to track the sun's movement and adjust the position of the solar panels accordingly. Solar PV tracker systems can be either single-axis or dual-axis, depending on the application. The use of solar PV tracker systems can significantly increase energy production and reduce the cost of solar energy.

Solar PV Tracker Suppliers

There are many companies that supply solar PV tracker systems. Some of the major suppliers include:

1. NEXTracker: NEXTracker is a leading supplier of solar tracker systems. The company offers both single-axis and dual-axis trackers and has installations in more than 30 countries.

2. Array Technologies: Array Technologies is another major supplier of solar tracker systems. The company offers a range of products, including single-axis and dual-axis trackers.

3. SunPower: SunPower is a leading supplier of solar panels and also offers solar tracker systems. The company's dual-axis trackers can increase energy production by up to 25%.

Solar PV Tracker Manufacturers

Solar PV tracker systems are also manufactured by a number of companies. Some of the major manufacturers include:

1. Soltec: Soltec is a leading manufacturer of solar tracker systems. The company offers both single-axis and dual-axis trackers and has installations in more than 50 countries.

2. Convert Italia: Convert Italia is another major manufacturer of solar tracker systems. The company's products include both single-axis and dual-axis trackers.

3. AllEarth Renewables: AllEarth Renewables is a manufacturer of dual-axis solar trackers. The company's trackers are designed for residential and commercial applications.