U.S. Solar Tracker Market by Type (Photovoltaic (PV), by Movement (Single Axis, Dual Axis), by Application (Utility, Non-utility), by Forecast 2024-2032
The U.S. Solar Tracker Market size was valued at USD 3.36 USD Billion in 2023 and is projected to reach USD 8.64 USD Billion by 2032, exhibiting a CAGR of 14.45 % during the forecast period. A solar tracking system is a device that works to track the movement of the sun in order to ensure that the systems in place such as solar panels or mirrored glass are facing the sun for maximum energy capture. It is mainly used in photovoltaic (PV)systems and concentrated solar power (CSP) plants. Solar trackers come in two main types, single-axis tracker and dual-axis tracker. In single-axis tracker, the panels of the solar panels can move in one direction only, usually horizontal to track the movement of the sun. The benefits of solar trackers are that they are more effective than fixed-tilt systems given that they may change positions to enhance light collectiveness throughout the day. Recently, the U. S. market has observed quite a boost in the utilization rates of solar trackers since the consideration of these factors helps increase the effectiveness of solar power systems. It is a concerning trend that also represents an increasing focus on getting the most out of renewable power, as well as on the financial performance of the solar power plants in the country.
By Type:
By Movement:
By 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 14.45% from 2018-2032 |
Segmentation |
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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 14.45% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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