Asia Pacific Dual Axis Solar Tracker Market Size - By Application (Residential, Commercial & Industrial, Utility), Regional Forecast & Outlook, 2024 – 2032

Asia Pacific Dual Axis Solar Tracker Market Size

Asia Pacific Dual Axis Solar Tracker Market was valued at USD 4.76 billion in 2023 and is anticipated to grow at a CAGR of 5.7% from 2024 to 2032. Dual-axis solar trackers, which can adjust their position to follow the sun both horizontally and vertically, are more efficient than their single-axis counterparts, leading to higher energy yields. They use various technologies, comprising of motors, mechanical gears, sensors, and control systems, to track the sun's position and adjust the orientation of solar panels accordingly. Some trackers employ astronomical algorithms or GPS-based tracking systems to precisely calculate the sun's position based on geographical location and time of day.
 

Key features including increased energy output, optimal angle adjustment and seasonal adaptability ensuring maximum energy production will propel the product penetration. Dual-axis trackers can tilt the panels to align with the direction of diffuse light, including light scattered by clouds or atmospheric conditions. These can mitigate the shading effects caused by nearby objects by adjusting the orientation of solar panels to optimize the energy capture. Additionally, higher efficiency, flexibility in system design and deployment and longer financial benefits will stimulate the market statistics.
 

Increasing efforts to modernize the grid that support improve the transmission infrastructure and simplifying interconnection procedures, will drive the product adoption. Growing adoption of solar technology along with various environmental and economic benefits offered will complement for the industry landscape. In addition, technological advancements in the tracker technology will significantly enhance their efficiency and reliability, thereby maximizing the solar energy capture, contributing to the business momentum.
 

Asia Pacific Dual Axis Solar Tracker Market Trends

Innovations in solar tracker technology leading to enhanced reliability and efficiency of these systems, improvements in the tracking algorithms along with the integration of weather forecasting data to optimize performance will propel the market growth. Additionally, many regions have implemented Renewable Portfolio Standards (RPS) among other incentives to promote the use of advanced solar technologies, including dual-axis trackers, thereby enhancing sustainability.
 

Asia Pacific Dual Axis Solar Tracker Market Analysis

Based on product, the commercial & industrial segment is anticipated to cross over USD 920 million by 2032, on account of enhanced power generation by nearly 14%. Policy incentives and regulatory frameworks in line with growing number of companies engaging in strategic partnerships and acquisitions to enhance their market position and expand their technological capabilities will continue to foster the product adoption. Additionally, rising electricity costs along with growing demand for sustainable energy solutions will drive the business scenario.     
  

Utility dual axis solar tracker market is set to grow at a CAGR of over 5.5% through 2032, due to their ability to follow the sun more precisely in comparison to single axis trackers. This precision allows them to generate up to 40% more electricity, making them a preferred choice for large-scale energy generation projects. Moreover, high degree of accuracy and flexibility, ability to maximize solar energy capture throughout the day is set to make the tracker systems effective for utility-scale solar farms.
 

China dual axis solar tracker market is projected surpass USD 5.37 billion by 2032 owing to their higher efficiency. They can increase energy output by up to 40% by following the sun both horizontally and vertically? which will uplift the product demand. Government policies promoting renewable energy and sustainability coupled with incentives, subsidies, and renewable energy targets across economies will augment the industry landscape. Ongoing investment in renewable energy infrastructure along with incorporation into many large scale projects to maximize energy yields and meet renewable energy targets ?are driving the market growth.
 

The U.S. dual axis solar tracker market is driven by driven by utility-scale installations, growing efficiency demands, increased module import volumes and regulatory stability. Significant projects underway across regions including the Midwest is set to drive the scalability and acceptance of these systems in large projects?.
 

Asia Pacific Dual Axis Solar Tracker Market Share

The dual axis solar tracker industry is experiencing significant growth, driven by various strategic ventures and technological advancements. These ventures are supported by favorable government policies, increasing adoption of solar energy, and advancements in solar tracking technologies. Ongoing involvement in mergers and partnerships across the industry will continue to strengthen their market positions and enhance their technological capabilities.
 

Asia Pacific Dual Axis Solar Tracker Market Companies

Eminent players operating in the Asia Pacific dual axis solar tracker industry are:

• Arctech Solar
• Array Technologies, Inc.
• DEGERENERGIE GMBH & CO. KG
• Haosolar Co. Ltd
• PARU
• Shandong Zhaori New Energy Tech. Co., Ltd.
• Suntactics
• Targay
• Versolsolar Hangzhou Co., Ltd.
• Xiamen Grace Solar New Energy Technology Co., Ltd. 
   

Asia Pacific Dual Axis Solar Tracker Industry News

• In May 2024, Ezon Energy Solutions P Ltd introduced the Horizontal Dual Axis Solar Trackers. These will enhance the solar power generation efficiency by allowing the panels to adjust their orientation along the horizontal axes. The innovative technology is set to redefine the landscape of solar energy globally.
   
• In February 2024, Array Technologies introduced its latest version of Array STI H250 solar tracker systems. This features enhanced tolerance for East West tilt, reduced number of piles per tracker, and a wider North-South angle, contributing to increased suitability for installation primarily across difficult terrains. Further, the feature supports in Agri-PV making the tracker suitable for dual use.
   

This Asia Pacific dual axis solar tracker market research report includes an in-depth coverage of the industry with estimates & forecast in terms of volume and revenue in “(USD Million & MW)” from 2021 to 2032, for the following segments:

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Market, By Application

• Residential
• Commercial & Industrial
• Utility

The above information has been provided for the following countries:

• China
• Australia
• India
• Japan
• South Korea