Solar Tracker Market by Type (Photovoltaic (PV), by Movement (Single Axis, Dual Axis), by Application (Utility, Non-Utility), by North America (U.S., Canada), by Europe (U.K., Germany, France, Italy, Spain, Rest of Europe), by Asia Pacific (China, India, Japan, Australia, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Rest of Latin America), by Middle East & Africa By Type, By Movement, By Application, By Country) (GCC, South Africa, Rest of the Middle East & Africa) Forecast 2024-2032
The Solar Tracker Market size was valued at USD 7.88 USD Billion in 2023 and is projected to reach USD 20.08 USD Billion by 2032, exhibiting a CAGR of 14.3 % during the forecast period. Solar tracker is a device with the capacity to turn the solar panels towards the sun so that the amount of electrical power will be increased. The panel's operation is entirely automatized. The motors move the panel's position throughout the day in a way that it faces the sun exactly when it has to. Solar trackers (also called solar tracking devices) are a key part of all solar power systems, whether they are residential/commercial installations or a utility-scale project. These can be in various types including the single or dual-axis tracking which usually have various levels of precision and efficiency. From repetitive activities that were previously conducted manually to the control of the complex systems, AI, in fact, has transformed our human life. The solar tracker is made up of sensors, motors, and control systems that are its main parts. Current tendencies to buy upgraded solar tracking systems with better precision and reliability make up the area for new technologies which is propitious for a market of solar energy in our country.
Type:
Movement:
Application:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 14.3% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 14.3% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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