Dual Axis Solar Tracker Market : Global Industry Analysis and Forecast 2023-2029


Dual Axis Solar Tracker Market size was valued at US$ 4.64 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 15.41% through 2023 to 2029, reaching nearly US$ 12.68 Bn.

Dual Axis Solar Tracker Market Overview:

The dual-axis solar trackers can be used to boost the net energy generation from solar power plants. The dual-axis trackers are rotating through both axis such as the x and y-axis, which helps to generate nearly about 8% to 10% more energy than single-axis trackers. Dual-axis trackers can deliver about 35% more solar energy than a fixed-tilt mount, but it has a slightly higher cost than single-axis trackers.Dual Axis Solar Tracker MarketTo know about the Research Methodology :- Request Free Sample Report

Though market forecasting through 2029 is based on real output, demand and supply of 2022, 2022 numbers are also estimated on real numbers published by key players as well all important players across the world. Market forecasting till 2029 is done based on past data from 2018 to 2022.

Dual Axis Solar Tracker Market Dynamics:

The technological benefits associated with the dual-axis solar tracker are one of the key drivers of the global dual-axis solar tracker market. Increasing concern regarding pollution affected by conventional sources of energy has expected to explore the alternate sources of energy.

The dual-axis trackers boost energy production by about 30 to 45% from solar panels over fixed installations, which results in growth in the global dual-axis solar tracker market. Strict environmental norms are expected to broadcast the solar energy development, which drives the growth in the market for dual-axis solar trackers.

Dual-axis solar trackers are expected to grow at a high rate of CAGR during the forecast period. The growth can be attributed to its benefits such as improved performance, accuracy, and efficiency. These trackers have two degrees of freedom that helps in revolution about an axis. The two axes are, one is the primary axis and the secondary axis. The Primary axis is fixed to the ground, and the secondary axis is considered with reference to the primary axis.

Segment Analysis:

Based on the Technology, the market is segmented into Solar Photovoltaic (PV), Concentrated Solar Power (CSP), and Concentrated Photovoltaic (CPV). Solar Photovoltaic (PV) segment is expected to hold the largest market share of xx% by 2029. The growth can be attributed to the growing demand for ecological energy resources. Ease of installation, modest cost structure, and compact size of photovoltaic technology are a few vital parameters valued to justify the product perception. These are the key factor that drives the growth of this segment in the Global market during the forecast period 2023-2029.

Based on the Application, the market is segmented into Utility, and Non-Utility. The utility segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. Growing capacities of solar-powered large-scale industries have been the key driving factor for the growth of the solar tracker market for utility applications. The rising cost of electricity coupled with the growing demand for renewable sources for energy production is projected to drive the usage of these products in the utility sector. These are the key driver that boosts the growth of this segment in the Global market during the forecast period 2023-2029.

Global Dual Axis Solar Tracker Market Regional Insights:

Europe dominates the global Washing Machine market during the forecast period 2023-2029. Europe is expected to hold the largest market shares of xx% by 2029. Rising environmental concerns are expected to lead rapid adoption of solar energy in European countries. Additionally, some countries have planned to reduce power generation from conventional sources, such as coal and nuclear. The increasing awareness regarding the benefits associated with renewable energy is a big boost for the solar power sector in Europe. The development of solar power plants offers huge opportunities for dual-axis solar trackers in the European region. These are the major drivers that boost the growth of this region in the global market during the forecast period 2023-2029.

Asia Pacific is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. This is due to the increasing government support for renewable energy sources in developing countries such as China & India along with the growing demand for electricity. These are the key factor that drives the growth of this region in the Global market during the forecast period 2023-2029.

The objective of the report is to present a comprehensive analysis of the Global Washing Machine Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also helps in understanding the Global Washing Machine Market dynamic, structure by analyzing the market segments and project the Global Washing Machine Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Washing Machine Market make the report investor’s guide.

Global Dual Axis Solar Tracker Market Scope: Inquire before buying






Global Dual Axis Solar Market




Report Coverage
Details




Base Year:
2022
Forecast Period:
2023-2029




Historical Data:
2018 to 2022
Market Size in 2022:
US $ 4.64 Bn.




Forecast Period 2023 to 2029 CAGR:
15.41%
Market Size in 2029:
US $ 12.68 Bn.




 Segments Covered:
by Technology
Solar Photovoltaic
Concentrated Solar Power
Concentrated Photovoltaic




by Application
Utility
Non-Utility






by Region

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)

Global Dual Axis Solar Tracker Market Key Players

1. Haosolar Co. Ltd.
2. Abengoa Solar S.A.
3. AllEarth Renewables
4. Array Technologies, Inc.
5. DEGERenergie GmbH & Co. KG
6. Energia Ercam
7. Powerway Renewable Energy Co. Ltd.
8. Mechatron
9. SunPower Corporation
10.Titan Tracker SL
11.SmartTrak Solar Systems Pvt. Ltd
12.Mecasolar Espana SL
13.First Solar
14.Soitec
15.CM Tracker
16.Optimum Tracker.
17.Wuxi Hao Solar Technology Co. Ltd.
18.Grupo Clavijo Elt SL
19.First Solar
20.PV hardware
21.Arctech Solar
22.Ideematec
23.Exosun
24.STi Norland
25.Scorpius Trackers
26.Mahindra Susten
27.Convert Italia

Frequently Asked Questions:

1] What segments are covered in Global Dual Axis Solar Tracker Market report?
Ans. The segments covered in Global Washing Machine Market report are based on Technology, and Application.

2] Which region is expected to hold the highest share in the Global Dual Axis Solar Tracker Market?
Ans. Europe is expected to hold the highest share in the Global Washing Machine Market.

3] Who are the top key players in the Global Dual Axis Solar Tracker Market?
Ans. Haosolar Co. Ltd., Abengoa Solar S.A., AllEarth Renewables, Array Technologies, Inc., and DEGERenergie GmbH & Co. KG are the top key players in the Global Washing Machine Market.

4] Which segment holds the largest market share in the Global Dual Axis Solar Tracker market by 2029?
Ans. Solar Photovoltaic (PV) technology segment hold the largest market share in the Global Washing Machine market by 2029.

5] What is the market size of the Global Dual Axis Solar Tracker market by 2029?
Ans. The market size of the Global Washing Machine market is US $ 12.68 Bn. by 2029.

6] What was the market size of the Global Dual Axis Solar Tracker market in 2022?
Ans. The market size of the Global Washing Machine market was worth US $ 4.64 Bn. in 2022. 





Global Dual Axis Solar Tracker Market

1. Preface
1.1. Research Objectives
1.2. Report Scope and Market Segmentation

2. Assumptions and Research Methodology
2.1. Abbreviations

3. Executive Summary
3.1. Global Dual Axis Solar Tracker Market Size, by Value (US$ Bn)

4. Market Overview
4.1. Introduction
4.2. Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.2.5. Emerging Technology
4.3. Global Dual Axis Solar Tracker Market Industry Trends

5. Market Analysis
5.1.1. Value Chain Analysis
5.1.2. Pricing Analysis
5.1.3. Market risk analysis
5.1.4. Porter’s Analysis

6. Global Dual Axis Solar Tracker Market Analysis and Forecast
6.1. Global Dual Axis Solar Tracker Market Analysis and Forecast
6.2. Global Dual Axis Solar Tracker Market Size& Y-o-Y Growth Analysis
6.2.1. North America
6.2.2. Europe
6.2.3. Asia Pacific
6.2.4. Middle East & Africa
6.2.5. South America

7. Global Dual Axis Solar Tracker Market Analysis and Forecast, by Technology
7.1. Introduction and Definition
7.2. Global Dual Axis Solar Tracker Market Value Share Analysis, by Technology
7.3. Market Size (US$ Bn) Forecast, by Technology
7.4. Global Dual Axis Solar Tracker Market Analysis, by Technology
7.5. Global Portable Mini Fridge Market Attractiveness Analysis, by Technology

8. Global Dual Axis Solar Tracker Market Analysis and Forecast, by Application
8.1. Introduction and Definition
8.2. Global Dual Axis Solar Tracker Market Value Share Analysis, by Application
8.3. Market Size (US$ Bn) Forecast, by Application
8.4. Global Dual Axis Solar Tracker Market Analysis, by Application
8.5. Global Dual Axis Solar Tracker Market Attractiveness Analysis, by Application

9. Global Dual Axis Solar Tracker Market Analysis, by Region
9.1. Global Dual Axis Solar Tracker Market Value Share Analysis, by Region
9.2. Market Size (US$ Bn) Forecast, by Region
9.3. Global Dual Axis Solar Tracker Market Attractiveness Analysis, by Region

10. North America Dual Axis Solar Tracker Market Analysis
10.1. North America Dual Axis Solar Tracker Market Overview
10.2. North America Dual Axis Solar Tracker Market Value Share Analysis, by Technology
10.3. North America Dual Axis Solar Tracker Market Forecast, by Technology
10.3.1. Solar Photovoltaic
10.3.2. Concentrated Solar Power
10.3.3. Concentrated Photovoltaic
10.4. North America Dual Axis Solar Tracker Market Value Share Analysis, by Application
10.5. North America Dual Axis Solar Tracker Market Forecast, by Application
10.5.1. Utility
10.5.2. Non-Utility
10.6. North America Dual Axis Solar Tracker Market Value Share Analysis, by Country
10.7. North America Dual Axis Solar Tracker Market Forecast, by Country
10.7.1. U.S.
10.7.2. Canada
10.8. North America Dual Axis Solar Tracker Market Analysis, by Country
10.9. U.S. Dual Axis Solar Tracker Market Forecast, by Technology
10.9.1. Solar Photovoltaic
10.9.2. Concentrated Solar Power
10.9.3. Concentrated Photovoltaic
10.10. U.S. Dual Axis Solar Tracker Market Forecast, by Application
10.10.1. Utility
10.10.2. Non-Utility
10.11. Canada Dual Axis Solar Tracker Market Forecast, by Technology
10.11.1. Solar Photovoltaic
10.11.2. Concentrated Solar Power
10.11.3. Concentrated Photovoltaic
10.12. Canada Dual Axis Solar Tracker Market Forecast, by Application
10.12.1. Utility
10.12.2. Non-Utility
10.13. North America Dual Axis Solar Tracker Market Attractiveness Analysis
10.13.1. By Technology
10.13.2. by Application
10.14. PEST Analysis
10.15. Key Trends
10.16. Key Developments

11. Europe Dual Axis Solar Tracker Market Analysis
11.1. Europe Dual Axis Solar Tracker Market Overview
11.2. Europe Dual Axis Solar Tracker Market Value Share Analysis, by Technology
11.3. Europe Dual Axis Solar Tracker Market Forecast, by Technology
11.3.1. Solar Photovoltaic
11.3.2. Concentrated Solar Power
11.3.3. Concentrated Photovoltaic
11.4. Europe Dual Axis Solar Tracker Market Value Share Analysis, by Application
11.5. Europe Dual Axis Solar Tracker Market Forecast, by Application
11.5.1. Utility
11.5.2. Non-Utility
11.6. Europe Dual Axis Solar Tracker Market Value Share Analysis, by Country
11.7. Europe Dual Axis Solar Tracker Market Forecast, by Country
11.7.1. Germany
11.7.2. U.K.
11.7.3. France
11.7.4. Italy
11.7.5. Spain
11.7.6. Rest of Europe
11.8. Europe Dual Axis Solar Tracker Market Analysis, by Country/ Sub-region
11.9. Germany Dual Axis Solar Tracker Market Forecast, by Technology
11.9.1. Solar Photovoltaic
11.9.2. Concentrated Solar Power
11.9.3. Concentrated Photovoltaic
11.10. Germany Dual Axis Solar Tracker Market Forecast, by Application
11.10.1. Utility
11.10.2. Non-Utility
11.11. U.K. Dual Axis Solar Tracker Market Forecast, by Technology
11.11.1. Solar Photovoltaic
11.11.2. Concentrated Solar Power
11.11.3. Concentrated Photovoltaic
11.12. U.K. Dual Axis Solar Tracker Market Forecast, by Application
11.12.1. Utility
11.12.2. Non-Utility
11.13. France Dual Axis Solar Tracker Market Forecast, by Technology
11.13.1. Solar Photovoltaic
11.13.2. Concentrated Solar Power
11.13.3. Concentrated Photovoltaic
11.14. France Dual Axis Solar Tracker Market Forecast, by Application
11.14.1. Utility
11.14.2. Non-Utility
11.15. Italy Dual Axis Solar Tracker Market Forecast, by Technology
11.15.1. Solar Photovoltaic
11.15.2. Concentrated Solar Power
11.15.3. Concentrated Photovoltaic
11.16. Italy Dual Axis Solar Tracker Market Forecast, by Application
11.16.1. Utility
11.16.2. Non-Utility
11.17. Spain Dual Axis Solar Tracker Market Forecast, by Technology
11.17.1. Solar Photovoltaic
11.17.2. Concentrated Solar Power
11.17.3. Concentrated Photovoltaic
11.18. Spain Dual Axis Solar Tracker Market Forecast, by Application
11.18.1. Utility
11.18.2. Non-Utility
11.19. Rest of Europe Dual Axis Solar Tracker Market Forecast, by Technology
11.19.1. Solar Photovoltaic
11.19.2. Concentrated Solar Power
11.19.3. Concentrated Photovoltaic
11.20. Rest of Europe Dual Axis Solar Tracker Market Forecast, by Application
11.20.1. Utility
11.20.2. Non-Utility
11.21. Europe Dual Axis Solar Tracker Market Attractiveness Analysis
11.21.1. By Technology
11.21.2. by Application
11.22. PEST Analysis
11.23. Key Trends
11.24. Key Developments

12. Asia Pacific Dual Axis Solar Tracker Market Analysis
12.1. Asia Pacific Dual Axis Solar Tracker Market Overview
12.2. Asia Pacific Dual Axis Solar Tracker Market Value Share Analysis, by Technology
12.3. Asia Pacific Dual Axis Solar Tracker Market Forecast, by Technology
12.3.1. Solar Photovoltaic
12.3.2. Concentrated Solar Power
12.3.3. Concentrated Photovoltaic
12.4. Asia Pacific Dual Axis Solar Tracker Market Value Share Analysis, by Application
12.5. Asia Pacific Dual Axis Solar Tracker Market Forecast, by Application
12.5.1. Utility
12.5.2. Non-Utility
12.6. Asia Pacific Dual Axis Solar Tracker Market Value Share Analysis, by Country
12.7. Asia Pacific Dual Axis Solar Tracker Market Forecast, by Country
12.7.1. China
12.7.2. India
12.7.3. Japan
12.7.4. ASEAN
12.7.5. Rest of Asia Pacific
12.8. Asia Pacific Dual Axis Solar Tracker Market Analysis, by Country/ Sub-region
12.9. China Dual Axis Solar Tracker Market Forecast, by Technology
12.9.1. Solar Photovoltaic
12.9.2. Concentrated Solar Power
12.9.3. Concentrated Photovoltaic
12.10. Tank Level China Dual Axis Solar Tracker Market Forecast, by Application
12.10.1. Utility
12.10.2. Non-Utility
12.11. India Dual Axis Solar Tracker Market Forecast, by Technology
12.11.1. Solar Photovoltaic
12.11.2. Concentrated Solar Power
12.11.3. Concentrated Photovoltaic
12.12. India Dual Axis Solar Tracker Market Forecast, by Application
12.12.1. Utility
12.12.2. Non-Utility
12.13. Japan Dual Axis Solar Tracker Market Forecast, by Technology
12.13.1. Solar Photovoltaic
12.13.2. Concentrated Solar Power
12.13.3. Concentrated Photovoltaic
12.14. Japan Dual Axis Solar Tracker Market Forecast, by Application
12.14.1. Utility
12.14.2. Non-Utility
12.15. ASEAN Dual Axis Solar Tracker Market Forecast, by Technology
12.15.1. Solar Photovoltaic
12.15.2. Concentrated Solar Power
12.15.3. Concentrated Photovoltaic
12.16. SASEAN Dual Axis Solar Tracker Market Forecast, by Application
12.16.1. Utility
12.16.2. Non-Utility
12.17. Rest of Asia Pacific Dual Axis Solar Tracker Market Forecast, by Technology
12.17.1. Solar Photovoltaic
12.17.2. Concentrated Solar Power
12.17.3. Concentrated Photovoltaic
12.18. Rest of Asia Pacific Dual Axis Solar Tracker Market Forecast, by Application
12.18.1. Utility
12.18.2. Non-Utility
12.19. Asia Pacific Dual Axis Solar Tracker Market Attractiveness Analysis
12.19.1. By Technology
12.19.2. by Application
12.20. PEST Analysis
12.21. Key Trends
12.22. Key Developments

13. Middle East & Africa Dual Axis Solar Tracker Market Analysis
13.1. Middle East & Africa Dual Axis Solar Tracker Market Overview
13.2. Middle East & Africa Dual Axis Solar Tracker Market Value Share Analysis, by Technology
13.3. Middle East & Africa Dual Axis Solar Tracker Market Forecast, by Technology
13.3.1. Solar Photovoltaic
13.3.2. Concentrated Solar Power
13.3.3. Concentrated Photovoltaic
13.4. Middle East & Africa Dual Axis Solar Tracker Market Value Share Analysis, by Application
13.5. Middle East & Africa Dual Axis Solar Tracker Market Forecast, by Application
13.5.1. Utility
13.5.2. Non-Utility
13.6. Middle East & Africa Dual Axis Solar Tracker Market Value Share Analysis, by Country
13.7. Middle East & Africa Dual Axis Solar Tracker Market Forecast, by Country
13.7.1. GCC
13.7.2. South Africa
13.7.3. Rest of Middle East & Africa
13.8. Middle East & Africa Dual Axis Solar Tracker Market Analysis, by Country/ Sub-region
13.9. GCC Dual Axis Solar Tracker Market Forecast, by Technology
13.9.1. Solar Photovoltaic
13.9.2. Concentrated Solar Power
13.9.3. Concentrated Photovoltaic
13.10. GCC Dual Axis Solar Tracker Market Forecast, by Application
13.10.1. Utility
13.10.2. Non-Utility
13.11. South Africa Dual Axis Solar Tracker Market Forecast, by Technology
13.11.1. Solar Photovoltaic
13.11.2. Concentrated Solar Power
13.11.3. Concentrated Photovoltaic
13.12. South Africa Dual Axis Solar Tracker Market Forecast, by Application
13.12.1. Utility
13.12.2. Non-Utility
13.13. Rest of Middle East & Africa Dual Axis Solar Tracker Market Forecast, by Technology
13.13.1. Solar Photovoltaic
13.13.2. Concentrated Solar Power
13.13.3. Concentrated Photovoltaic
13.14. Rest of Middle East & Africa Dual Axis Solar Tracker Market Forecast, by Application
13.14.1. Utility
13.14.2. Non-Utility
13.15. Middle East & Africa Dual Axis Solar Tracker Market Attractiveness Analysis
13.15.1. By Technology
13.15.2. by Application
13.16. PEST Analysis
13.17. Key Trends
13.18. Key Developments

14. South America Dual Axis Solar Tracker Market Analysis
14.1. South America Dual Axis Solar Tracker Market Overview
14.2. South America Dual Axis Solar Tracker Market Value Share Analysis, by Technology
14.3. South America Dual Axis Solar Tracker Market Forecast, by Technology
14.3.1. Solar Photovoltaic
14.3.2. Concentrated Solar Power
14.3.3. Concentrated Photovoltaic
14.4. South America Dual Axis Solar Tracker Market Value Share Analysis, by Application
14.5. South America Dual Axis Solar Tracker Market Forecast, by Application
14.5.1. Utility
14.5.2. Non-Utility
14.6. South America Dual Axis Solar Tracker Market Value Share Analysis, by Country
14.7. South America Dual Axis Solar Tracker Market Forecast, by Country
14.7.1. Brazil
14.7.2. Mexico
14.7.3. Rest of South America
14.8. South America Dual Axis Solar Tracker Market Analysis, by Country/ Sub-region
14.9. Brazil Dual Axis Solar Tracker Market Forecast, by Technology
14.9.1. Solar Photovoltaic
14.9.2. Concentrated Solar Power
14.9.3. Concentrated Photovoltaic
14.10. Brazil Dual Axis Solar Tracker Market Forecast, by Application
14.10.1. Utility
14.10.2. Non-Utility
14.11. Mexico Dual Axis Solar Tracker Market Forecast, by Technology
14.11.1. Solar Photovoltaic
14.11.2. Concentrated Solar Power
14.11.3. Concentrated Photovoltaic
14.12. Mexico Dual Axis Solar Tracker Market Forecast, by Application
14.12.1. Utility
14.12.2. Non-Utility
14.13. Rest of South America Dual Axis Solar Tracker Market Forecast, by Technology
14.13.1. Solar Photovoltaic
14.13.2. Concentrated Solar Power
14.13.3. Concentrated Photovoltaic
14.14. Rest of South America Dual Axis Solar Tracker Market Forecast, by Application
14.14.1. Utility
14.14.2. Non-Utility
14.15. South America Dual Axis Solar Tracker Market Attractiveness Analysis
14.15.1. By Technology
14.15.2. by Application
14.16. PEST Analysis
14.17. Key Trends
14.18. Key Developments

15. Competitive Landscape
15.1. Market Share Analysis, by Key Players
15.2. Competition Matrix
15.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment
15.2.2. Market Consolidation
15.2.2.1. M&A by regions, investment, applications
M&A Key Players, forward integration, backward integration
15.3. Company Profiles: Key Player
15.3.1. Haosolar Co. Ltd
15.3.1.1. Company Overview
15.3.1.2. Financial Overview
15.3.1.3. Business Strategy
15.3.1.4. Recent Developments
15.3.1.5. Manufacturing Footprint
15.3.2. Abengoa Solar S.A.
15.3.3. AllEarth Renewables
15.3.4. Array Technologies, Inc.
15.3.5. DEGERenergie GmbH & Co. KG
15.3.6. Energia Ercam
15.3.7. Powerway Renewable Energy Co. Ltd.
15.3.8. Mechatron
15.3.9. SunPower Corporation
15.3.10. Titan Tracker SL
15.3.11. SmartTrak Solar Systems Pvt. Ltd
15.3.12. Mecasolar Espana SL
15.3.13. First Solar
15.3.14. Soitec
15.3.15. CM Tracker
15.3.16. Optimum Tracker.
15.3.17. Wuxi Hao Solar Technology Co. Ltd.
15.3.18. Grupo Clavijo Elt SL
15.3.19. First Solar
15.3.20. PV hardware
15.3.21. Arctech Solar
15.3.22. Ideematec
15.3.23. Exosun
15.3.24. STi Norland
15.3.25. Scorpius Trackers
15.3.26. Mahindra Susten
15.3.27. Convert Italia

16. Primary Key Insights
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