Dual Axis Solar Trackers Market Size, Share, and Industry Analysis By Type (Photovoltaic (PV) and Concentrated Solar Power (CSP)), By Application (Utility, Residential, Commercial and Industrial), and Regional Forecast, 2026-2034

The global dual axis solar trackers market size was valued at USD 20.99 billion in 2025. The market is projected to grow from USD 23.22 billion in 2026 to USD 52.19 billion by 2034, exhibiting a CAGR of 10.65% during the forecast period.

The global dual axis solar trackers market is growing owing to rise in government policies supporting renewable energy adoption, declining costs of solar power, and rising global energy demand. Dual axis solar trackers are devices designed to position solar panels to face the sun to maximize energy capture throughout the day. The trackers rotate solar panels along two axes to track the sun's east-west movement across the sky and adjust for seasonal changes in the sun's path.

• According to the National Renewable Energy Laboratory (NREL), dual-axis trackers can boost solar energy production by 25-35% compared to fixed-tilt systems. This is due to the improved alignment of the panels with the sun's rays throughout the day and across different seasons.

Dual Axis Solar Trackers Market Driver

Growing Demand for Solar Energy Drives the Industry Expansion

The worldwide transition to renewable energy sources, such as solar power, is fueling the demand for efficient and high-performing solar tracking systems. Dual-axis trackers provide an effective solution for maximizing energy production and enhancing the overall economics of solar projects.

• The International Energy Agency (IEA) reported in its Renewables 2021 report that renewable electricity capacity is set to increase by over 60% from 2020 levels, reaching more than 4,800 GW by 2026, driven primarily by solar PV.

Dual Axis Solar Trackers Market Restraint

Frequent Changes in the Prices of Raw Materials Could Impact Market Growth

A significant factor impeding market growth is the increase in steel prices, which elevates the cost of tracking systems used in most utility-scale projects. Steel has ~65% of the total cost of solar tracking systems, making them more expensive. Furthermore, the overall cost of solar tracking systems is higher than that of standard solar panels, reducing their adoption for residential purposes where energy demand is typically lower.

• According to the U.S. Bureau of Labor Statistics, the Producer Price Index for steel mill products surged by more than 80% from May 2020 to May 2021.

Dual Axis Solar Trackers Market Opportunity

Ambitious Green Energy Goals to Drive Investments in the Solar Industry

Governments worldwide have set ambitious targets and goals for transitioning to green energy and reducing carbon emissions, leading to a significant increase in the use of renewable energy sources, such as solar power, on a global scale.

• The EU aims to achieve at least 32% of its energy from renewable sources by 2030, as outlined in the Renewable Energy Directive (RED II).

Segmentation

Key Insights

The report covers the following key insights:

• Recent Advancements in the Dual Axis Solar Trackers Market
• Key industry development (Mergers, Acquisitions, and Partnerships)
• Impact of COVID-19 on the Market 
• Key Industry Trends
• Regulatory Landscape for the Dual Axis Solar Trackers Market

Analysis by Type

By type, the market is segmented into photovoltaic (PV) and concentrated solar power (CSP).

The photovoltaic segment dominates the solar tracker market due to their significantly larger presence across various regions compared to CSP. CSP technology utilizes mirrors to concentrate sunlight onto a single point, necessitating the use of dual-axis trackers. The most commonly used solar technologies for residential and commercial applications include solar photovoltaics for electricity generation, passive solar design for space cooling and heating, and solar water heating.

• According to the International Energy Agency, the global installed capacity for solar PV has been growing exponentially, outpacing CSP installations. In recent years, the cumulative global solar PV capacity has surpassed 700 GW, while the CSP capacity has remained around 6 GW.

Analysis by Application

Based on application, the dual axis solar trackers market is fragmented into utility, residential, commercial and industrial.

The utility segment is projected to become a major segment in the market due to the rising prevalence of solar grid integrations in many countries. Standalone systems and rooftop solar installations typically use fixed-tilt setups, eliminating the need for trackers. Additionally, the emergence of Distributed Energy Generation (DEG) and Virtual Power Plant (VPP) technologies, which operate on decentralized power principles, is expected to attract significant investment in solar devices.

The non-utility segment has also experienced substantial growth, driven by the increasing adoption of solar technology in agriculture and commercial sectors.

• According to the International Renewable Energy Agency (IRENA), utility-scale solar PV capacity has been growing rapidly, with substantial installations in countries such as China, the U.S., and India.

Regional Analysis

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Based on region, the dual axis solar trackers market has been studied across North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

In North America, the U.S. will drive demand for solar trackers due to their extensive deployment to enhance the operational efficiency of installed panels. This will enable North America to maintain a leading region in the global market during the coming years.

• According to the Solar Energy Industries Association (SEIA), the U.S. had over 97.2 GW of installed solar capacity by the end of 2021, with a significant portion utilizing solar trackers for enhanced efficiency.

The demand for solar power has risen steadily in Europe, with Italy, the U.K., Germany, and Spain leading the way in incorporating solar energy into their national power grids. This trend, coupled with ambitious green energy targets, creates considerable growth opportunities for the market in the region.

• According to the International Renewable Energy Agency (IRENA), Europe's total installed solar capacity reached 165 GW by the end of 2021, with Germany (59 GW), Italy (22 GW), and Spain (15 GW) among the top contributors.

The Asia Pacific region is anticipated to witness rapid growth, propelled by the increasing energy demand and significant investments in solar power projects. China, India, and Japan are the primary contributors, with extensive solar installation capacities and supportive government initiatives.

• According to the International Energy Association (IEA), in 2023, China commissioned as much solar PV as the whole world did in 2022, while its wind additions also surged by ~66% year-on-year.

Key Players Covered

• NEXTracker (U.S.)
• Array Technologies (U.S.)
• Trina Solar (China)
• SunPower Corporation (U.S.)
• ArcelorMittal Projects (Luxembourg)
• Soltec (Spain)
• Convert Italia (Italy)
• PV Hardware (Spain)
• Arctech Solar (U.S.)
• Solar Steel (Spain)
• Ideematec (Germany)
• SunPower (U.S.)
• Scorpius Trackers (India)
• Sun Action Trackers (U.S.)

Key Industry Developments

• In February 2023, Stracker Solar partnered with AFC Solar to install its advanced dual-axis solar tracker for commercial and industrial solar sectors. Both companies see significant potential in elevated dual axis solar trackers with durability and flexibility for various environmental conditions. Therefore, this innovative technology will enhance the company's portfolio and support it in maintaining a strong position in the market.
• In March 2022, Mechatron Solar received an order for its patented dual-axis solar tracker technology for a solar carport in an academic institution's campus in Israel. Furthermore, the company designed the product for agricultural applications while significantly supporting the country's renewable energy. Henceforth, the country was able to establish a strong customer base in the market.