Dual axis solar tracker Market Industry analysis, Global Trends, Growth and Fore

Posted by Faraz on February 7th, 2020

The global dual-axis solar tracker market is poised to grow by USD 432.75 million during 2019-2025, progressing at a CAGR of about +14% during the forecast period.

In large utility scale solar markets, the predominance of single axis trackers sometimes steals the spotlight from double axis cousins. However, dual axis trackers that follow direct sunlight rather than the east-west path of the single-axis model occupy their place in the residential and commercial markets. Different manufacturers follow the sun using different tracking methods, and dual axis trackers use GPS signals to determine the latitude and longitude and date and time of the tracker. With this information, the tracker knows the position of the sun for a given time and uses the hydraulic drive system to direct the sun. Even in heavy clouds, the tracker faces the sun, so when the clouds pile up, the tracker is already placed to maximize power production without delays in repositioning.

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Major industry partners occupying substantial dual axis solar tracker market share include Array Technologies, AllEarth Renewables, DEGERenergie, First Solar, Energia Ercam, Grupo Clavijo, Mecasolar, Hao, Mechatron, SmartTrak, PV Powerway, Soitec, Titan Tracker and Sun Power among others.

The global dual axis tracker market is in its infancy and is expected to grow rapidly because it is focused on improving the energy produced by solar power systems. The technical advantages associated with dual trackers are a big help in adoption. Globally, concerns about pollution from existing energy sources have increased, leading to the search for alternative energy sources. The popularity of solar power has led to extensive research and development to increase the efficiency of solar power plants. Dual axis trackers improve energy production from solar panels by 30-45% compared to fixed installations.

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By the product type, the market is primarily split into

  •       Fully-Automatic Solar Trackers 
  •       Semi-Automatic Solar Trackers 

By the end users/application, this report covers the following segments

  •       Utility 
  •       Commercial 
  •       Residential

 

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Faraz

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Faraz
Joined: November 26th, 2019
Articles Posted: 232

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