#Solar Tracker Market

[adityarana1687-blog]

Solar Tracker Market Size Worth $29.31 Billion By 2030

The global solar tracker market size is expected to reach USD 29.31 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 26.2% from 2023 to 2030. The market is expected to witness substantial growth over the forecast period owing to the growing need for renewable power generation. Solar tracker is installed on a PV system to get an increased energy output during the day. PV system trackers help to minimize the angle of incidence between incoming light and panel, thereby increasing the amount of energy produced. In Concentrated Photovoltaic (CPV) technology, a large part of sunlight is focused on a solar cell using an optical device. Concentrating light requires direct sunlight, thereby limiting this technology to clear locations.

The single axis type segment is predicted to witness significant growth from 2022 to 2030. Single axis trackers are more economical than dual axis trackers and easy to maintain. Single axis trackers are less expensive compared to dual axis trackers, therefore, are widely employed in residential and commercial applications. Reduced non-renewable energy consumption, improved efficiency, and lower CO2 emissions are likely to drive the solar power generation market, and thus the market is expected to witness significant growth over the forecast period.

The dual axis type segment accounted for the largest revenue share in 2021 and is projected to exhibit the highest CAGR during the forecast period. Dual-axis trackers comprise two degrees of freedom that act as an axis of rotation. The axis fixed to the ground is considered the primary axis and the one referenced to the primary axis is called the secondary axis. Dual axis trackers have modules that are oriented parallel to the secondary axis of rotation. Dual axis trackers allow maximum absorption of the sun’s rays on account of their ability to follow the sun both horizontally and vertically, thus generating 8% to 10% more energy than single axis trackers.

Solar PV technology held the largest revenue share in 2021. The simple design and cost-effectiveness of these trackers make them ideally suited for most PV applications at the utility level. In addition to cost-effectiveness, trackers installed on PV modules occupy less space as compared to the CPV and CSP technologies. The PV technology trackers do not require any additional lenses, mirrors, or sterling energy to generate electricity, thereby making them suitable for use in non-utility applications.

North America accounted for the largest share in terms of volume and revenue in 2021 and is expected to witness significant growth over the forecast period, considering the growing demand from the U.S., Canada, and Mexico. However, high initial investment and low cost of conventional sources of energy are likely to restrain market growth in North America.

Request a free sample copy or view report summary: Solar Tracker Market Report

Solar Tracker Market Report Highlights

Solar tracker helps to increase the efficiency of solar cells. Increasing solar PV demand in various regions is expected to propel market growth over the projected period

Solar PV technology has been one of the fastest growing renewable sources of energy over the past few years in the U.S. Increasing government focus on renewable energy has resulted in the development of PV cells as a sustainable and continuous source of energy generation

The dual axis type segment held the largest revenue share of over 50.83% in 2022. Single axis tracker is projected to expand at a considerable CAGR during the forecast period. Single axis trackers are less expensive as compared to dual axis trackers and, therefore, are widely employed in utility and non-utility applications

The utility application segment accounted for the largest revenue share of more than 85.56% in 2022 and is projected to expand at the highest CAGR during the forecast period. Trackers are being used on a large scale in utility applications in light of the increasing government subsidies, coupled with feed-in tariff schemes, particularly in the North American and European region

North America accounts for the major market share in the global market and this trend is expected to continue till 2030. The Middle East and Africa market is projected to expand at the highest CAGR during the forecast period on account of a rise in the investments in solar energy in the region

Solar Tracker Market Segmentation

Grand View Research has segmented the global solar tracker market based on technology, type, application, and region: 

Solar Tracker Technology Outlook (Volume, Megawatt; Revenue, USD Million, 2018 - 2030)

Solar Photovoltaic (PV)

Concentrated Solar Power (CSP)

Concentrated Photovoltaic (CPV)

Solar Tracker Type Outlook (Volume, Megawatt; Revenue, USD Million; 2018 - 2030)

Single Axis

Dual Axis

Solar Tracker Application Outlook (Volume, Megawatt; Revenue, USD Million; 2018 - 2030)

Utility

Non-utility

Solar Tracker Regional Outlook (Volume, Megawatt; Revenue, USD Million, 2018 - 2030)

North America

U.S.

Canada

Mexico

Europe

Germany

Spain

Italy

France

Asia Pacific

China

India

Japan

Central & South America

Brazil

Chile

Middle East & Africa

UAE

Saudi Arabia

List of Key Players of Solar Tracker Market

Abengoa Solar S.A.

AllEarth Renewables

Array Technologies Inc.

DEGERenergie GmbH & Co. KG

Nclave

Powerway Renewable Energy Co. Ltd.

Soltec Tracker

SunPower Corporation

Titan Tracker

Trina Solar Limited

[bommagoni]

Solar Tracker Market Growth Opportunities Forecast 2030

[maryharrisk5]

The global solar tracker market is driven by increasing demand for energy coupled with stringent government regulations and initiatives.

[evonnebaker]

The global solar tracker market is driven by increasing demand for energy coupled with stringent government regulations and initiatives.

[eninrac-consulting]

Which Wind Energy Projects Are the Biggest in Asia for 2030?

In the first quarter of 2023, the installed capacity of solar power in the Middle East exceeded 6 GW.The Middle East has about 6.7 GW of solar installed as of May 2023, and by 2030, that amount is expected to increase to approximately 58 GW*. Middle Eastern nations are increasing their solar capacity and will continue to have a significant impact on capacity additions. With a capacity estimated to be above 18 GW, Oman holds about 34% of all future solar installations in the Middle East. Saudi Arabia has seen a notable increase in the number of solar installations.

[mysticalpersonakingdom]

Solar Tracker Market

[industrynewsupdates]

Exploring Global Solar Tracker Market: Insights and Growth Opportunities

The global solar tracker market size is expected to reach USD 29.31 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 26.2% from 2023 to 2030. The market is expected to witness substantial growth over the forecast period owing to the growing need for renewable power generation. Solar tracker is installed on a PV system to get an increased energy output during the day. PV system trackers help to minimize the angle of incidence between incoming light and panel, thereby increasing the amount of energy produced. In Concentrated Photovoltaic (CPV) technology, a large part of sunlight is focused on a solar cell using an optical device. Concentrating light requires direct sunlight, thereby limiting this technology to clear locations.

The single axis type segment is predicted to witness significant growth from 2022 to 2030. Single axis trackers are more economical than dual axis trackers and easy to maintain. Single axis trackers are less expensive compared to dual axis trackers, therefore, are widely employed in residential and commercial applications. Reduced non-renewable energy consumption, improved efficiency, and lower CO2 emissions are likely to drive the solar power generation market, and thus the market is expected to witness significant growth over the forecast period.

Gather more insights about the market drivers, restrains and growth of the Solar Tracker Market

Solar Tracker Market Report Highlights

• Solar tracker helps to increase the efficiency of solar cells. Increasing solar PV demand in various regions is expected to propel market growth over the projected period

• Solar PV technology has been one of the fastest growing renewable sources of energy over the past few years in the U.S. Increasing government focus on renewable energy has resulted in the development of PV cells as a sustainable and continuous source of energy generation

• The dual axis type segment held the largest revenue share of over 50.83% in 2022. Single axis tracker is projected to expand at a considerable CAGR during the forecast period. Single axis trackers are less expensive as compared to dual axis trackers and, therefore, are widely employed in utility and non-utility applications

• The utility application segment accounted for the largest revenue share of more than 85.56% in 2022 and is projected to expand at the highest CAGR during the forecast period. Trackers are being used on a large scale in utility applications in light of the increasing government subsidies, coupled with feed-in tariff schemes, particularly in the North American and European region

• North America accounts for the major market share in the global market and this trend is expected to continue till 2030. The Middle East and Africa market is projected to expand at the highest CAGR during the forecast period on account of a rise in the investments in solar energy in the region

Browse through Grand View Research's Renewable Energy Industry Research Reports.

• The global wind power market size was estimated at USD 97.05 billion in 2024 and is projected to grow at a CAGR of 4.9% from 2025 to 2030.

• The global solar panel recycling market size was valued at USD 322.9 million in 2024 and is projected to grow at a CAGR of 7.4% from 2025 to 2030.

Solar Tracker Market Segmentation

Grand View Research has segmented the global solar tracker market based on technology, type, application, and region: 

Solar Tracker Technology Outlook (Volume, Megawatt; Revenue, USD Million, 2018 - 2030)

• Solar Photovoltaic (PV)

• Concentrated Solar Power (CSP)

• Concentrated Photovoltaic (CPV)

Solar Tracker Type Outlook (Volume, Megawatt; Revenue, USD Million; 2018 - 2030)

• Single Axis

• Dual Axis

Solar Tracker Application Outlook (Volume, Megawatt; Revenue, USD Million; 2018 - 2030)

• Utility

• Non-utility

Solar Tracker Regional Outlook (Volume, Megawatt; Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o Spain

o Italy

o France

• Asia Pacific

o China

o India

o Japan

• Central & South America

o Brazil

o Chile

• Middle East & Africa

o UAE

o Saudi Arabia

Order a free sample PDF of the Solar Tracker Market Intelligence Study, published by Grand View Research.

[mostlysignssomeportents]

Denise Hearn and Vass Bednar’s “The Big Fix”

If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2024/12/05/ted-rogers-is-a-dope/#galen-weston-is-even-worse

The Canadian national identity involves a lot of sneering at the US, but when it comes to oligarchy, Canada makes America look positively amateurish.

If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2024/12/05/ted-rogers-is-a-dope/#galen-weston-is-even-worse

Canada's monopolists may be big fish in a small pond, but holy moly are they big, compared to the size of that pond. In their new book, The Big Fix: How Companies Capture Markets and Harm Canadians, Denise Hearn and Vass Bednar lay bare the price-gouging, policy-corrupting ripoff machines that run the Great White North:

https://sutherlandhousebooks.com/product/the-big-fix/

From telecoms to groceries to pharmacies to the resource sector, Canada is a playground for a handful of supremely powerful men from dynastic families, who have bought their way to dominance, consuming small businesses by the hundreds and periodically merging with one another.

Hearn and Bednar tell this story and explain all the ways that Canadian firms use their market power to reduce quality, raise prices, abuse workers and starve suppliers, even as they capture the government and the regulators who are supposed to be overseeing them.

The odd thing is that Canada has been in the antitrust game for a long time: Canada passed its first antitrust law in 1889, a year before the USA got around to inaugurating its trustbusting era with the passage of the Sherman Act. But despite this early start, Canada's ultra-rich have successfully used the threat of American corporate juggernauts to defend the idea of Made-in-Canada monopolies, as homegrown King Kongs that will keep the nation safe from Yankee Godzillas.

Canada's Competition Bureau is underfunded and underpowered. In its entire history, the agency has never prevented a merger – not even once. This set the stage for Canada's dominant businesses to become many-tentacled conglomerates, like Canadian Tire, which owns Mark's Work Warehouse, Helly Hansen, SportChek, Nevada Bob's Golf, The Fitness Source, Party City, and, of course, a bank.

A surprising number of Canadian conglomerates end up turning into banks: Loblaw has a bank. So does Rogers. Why do these corrupt, price-gouging companies all go into "financial services?" As Hearn and Bednar explain, owning a bank is the key to financialization, with the company's finances disappearing into a black box that absorbs taxation attempts and liabilities like a black hole eating a solar system.

Of course, the neat packaging up of vast swathes of Canada's economy into these financialized and inscrutable mega-firms makes them awfully convenient acquisition targets for US and offshore private equity firms. When the Competition Bureau (inevitably) fails to block those acquisitions, whole chunks of the Canadian economy disappear into foreign hands.

This is a short book, but it's packed with a lot of easily digested detail about how these scams work: how monopolies use cross-subsidies (when one profitable business is used to prop up an unprofitable business in order to kill potential competitors) and market power to rip Canadians off and screw workers.

But the title of the book is The Big Fix, so it's not all doom and gloom. Hearn and Bednar note that Canadians and their elected reps are getting sick of this shit, and a bill to substantially beefed up Canadian competition law passed Parliament unanimously last year.

This is part of a wave of antitrust fever that's sweeping the world's governments, notably the US under Biden, where antitrust enforcers did more in the past four years than their predecessors accomplished over the previous 40 years.

Hearn and Bednar propose a follow-on agenda for Canadian lawmakers and bureaucrats: they call for a "whole of government" approach to dismantling Canada's monopolies, whereby each ministry would be charged with combing through its enabling legislation to find latent powers that could be mobilized against monopolies, and then using those powers.

The authors freely admit that this is an American import, modeled on Biden's July 2021 Executive Order on monopolies, which set out 72 action items for different parts of the administration, virtually all of which were accomplished:

https://www.eff.org/deeplinks/2021/08/party-its-1979-og-antitrust-back-baby

What the authors don't mention is that this plan was actually cooked up by a Canadian: Columbia law professor Tim Wu, who served in the White House as Biden's tech antitrust czar, and who grew up in Toronto (we've known each other since elementary school!).

Wu's plan has been field tested. It worked. It was exciting and effective. There's something weirdly fitting about finding the answer to Canada's monopoly problems coming from America, but only because a Canadian had to go there to find a receptive audience for it.

The Big Fix is a fantastic primer on the uniquely Canadian monopoly problem, a fast read that transcends being a mere economics primer or history lesson. It's a book that will fire you up, make you angry, make you determined, and explain what comes next.

[aishavass]

By technology, photovoltaic solar trackers are estimated to dominate at ~70% share in capacity by 2025 in global solar tracker market....

[rjzimmerman]

Excerpt from this story from Inside Climate News:

Right now, examples of hailstorms wrecking solar farms are rare enough that they’re still notable, like the one this year in southeast Texas, and one last year in western Nebraska. But what about in 20 years, when hailstorms are likely going to be more severe and solar will cover much more ground?

There is no perfect method for protecting solar panels from hail, but there are ways to reduce the risk.

“There’s actual mitigation that can be done,” said Renny Vandewege, vice president of weather operations for DTN, the Minnesota-based company whose subscription-based products include weather forecasting for use by energy companies.

“We’ve patented the ability to measure the occurrence in the size of hail within radar technology,” he said. “Scanning the storms, you get feedback that says that a storm is producing hail two inches in diameter, or whatever the scenario.”

This data is most useful if a solar array has equipment that can respond to an approaching storm by adjusting the panel angle to reduce damage.

Nearly all utility-scale projects being built today use trackers, which are systems that turn the panels during the day to follow the sun. Some of those trackers have the capability to go into “stow” mode, which means they quickly turn to avoid a direct hit.

“Will solar continue to get developed and built in hail regions? The answer is yes,” said Greg Beardsworth, senior director of product marketing at Nextracker. “The way that will happen is through a combination of understanding the magnitude of the risk based on location, selecting the appropriate combination of module technology and tracker stowing capabilities.”

The places with the highest risks tend to be in the region sometimes called Tornado Alley, which includes much of the Midwest plus Oklahoma and portions of Texas.

When Beardsworth talks about module technology, he means that some solar panels are being built to be more resistant to damage from large hail. In addition to stronger panels, developers can buy products, like the ones sold by Nextracker, that tilt panels to angles that avoid direct hits.

The use of stowing trackers got a test in 2022 when a hailstorm hit the Prospero 1 and Prospero 2 solar farms in West Texas, which implemented Nextracker equipment.

According to a case study written by Nextracker and the projects’ developer, Longroad Energy, the storm had whiteout conditions and hailstones that ranged from two to three inches in diameter. The panels were stowed at a 60-degree angle, which was the steepest setting at that time.

In the end, the panels had almost no damage in areas of the solar farms that got hit with two-inch hail. About one-third of the panels had damage in areas with three-inch hail.

[willyskristina]

Thin Film Solar Cell Market

Thin Film Solar Cell Market Size, Share, Trends: First Solar, Inc. Leads

Integration of Thin Film Solar Cells in Consumer Electronics

Market Overview:

The thin film solar cell market is expected to develop at a CAGR of 12.5% from 2024 to 2031. The market value is predicted to rise from USD XX billion in 2024 to USD YY billion in 2031. Asia-Pacific dominates the market, accounting for the vast majority of worldwide sales. Key metrics include increased use of renewable energy sources, rising demand for building-integrated photovoltaics, and technological breakthroughs in thin-film solar cell efficiency. The market is expanding rapidly due to the global push for clean energy, lower manufacturing costs, and the adaptability of thin-film solar cells in a variety of applications. The industry is transitioning to more efficient and adaptable solar cell technologies, particularly in emerging markets and specialist applications.

DOWNLOAD FREE SAMPLE

Market Trends:

The thin-film solar cell business is expanding rapidly as these cells become more integrated into consumer products. The increased need for portable, self-powered devices, as well as the necessity for sustainable energy solutions in everyday products, are driving this trend. For example, the use of thin-film solar cells in smartphones has resulted in an estimated 15% increase in battery life for outdoor applications. Furthermore, the market for solar-powered wearables, such as smartwatches and fitness trackers, has increased by 30% over the last year, with thin-film solar cells playing a critical role in increasing device autonomy. Thin film solar cells' flexibility and lightweight nature make them perfect for integration into a wide range of consumer devices, creating new market opportunities and driving product design innovation.

Market Segmentation:

The Cadmium Telluride (CdTe) segment dominates the thin film solar cell market, accounting for the largest market share. Cadmium telluride (CdTe) has emerged as the dominant force in the thin film solar cell market, owing to its low cost, high efficiency, and well-established manufacturing techniques. This segment's popularity stems from the technology's ability to provide competitive performance at cheaper costs when compared to other thin film technologies and classic crystalline silicon cells. According to industry experts, CdTe thin film solar cells have attained a record efficiency of 22.1% in laboratory settings, while commercial modules typically achieve efficiencies of 18-19%.

Market Key Players:

The thin film solar cell market is highly competitive, with major players focusing on technological innovation and strategic alliances. Key companies such as First Solar, Inc., Solar Frontier K.K., Hanergy Thin Film Power Group Limited, Ascent Solar Technologies, Inc., Kaneka Corporation, Mitsubishi Electric Corporation, Sharp Corporation, Suntech Power Holdings Co., Ltd., United Solar Ovonic LLC, and Trony Solar Holdings Co., Ltd. dominate the market.

Contact Us:

Name: Hari Krishna

Email us: hari.krishna@aurorawaveintellects.com

Website: https://aurorawaveintellects.com/

[srpl-group]

In what ways can Businesses Benefit from Investing in Solar Power?

The focus on business sustainability has led to solar power being one of the smartest investments in the future. With the rising energy costs, government incentives, and corporate responsibility in mind, 2025 is a promising time for businesses to invest in solar energy. We’ll discuss in this blog why it’s important to switch your business up to solar, and how a highly respected supplier of solar racking systems company, SRPL Group, can help you tap into the sun without spending too much.

1. Higher Energy Costs, Need for Reliability

Despite the uncertainty surrounding energy prices, businesses often encounter fluctuations in electricity rates. Solar power can reduce the need for reliance on the grid, which in turn helps to stabilize energy costs over time for businesses. While the initial outlay may be substantial, the savings over time will be considerable.

Installers can easily find a solar racking system from rooftop, ground or tracker and floating solar solutions with SRPL Group? Businesses can utilize solar energy as a simple way to save energy consumption.

2. Government incentives and Tax Benefits

A multitude of governments across the globe grant, rebates, and tax credits to businesses that choose to use solar energy. The upfront cost of installation is reduced by these incentives, making solar power the most affordable option. Business owners in the United States have the option to receive substantial deductions on solar system expenses through the Investment Tax Credit (ITC).

By offering our systems at SRPL Group, you can enjoy the benefits of solar racking while keeping your investment low.

3. Long-Term Cost Savings

Solar power provides long-term financial benefits that exceed the initial investment. Why? On average, solar systems generate free energy for 25 to 30 years and last for 5 to 7 years. These saved funds can be invested in other areas of your business, ultimately contributing to increased profitability.

Regardless of the size of your project, our range of racking systems will be tailored to meet your needs. The SRPL Group’s long-lasting, top-notch solar solutions that generate cost savings are consistently being implemented.

4. Energy independence and Reliability

By utilizing solar energy, businesses can achieve complete energy independence without having to connect to the grid and are shielded from electricity price changes. Besides, solar energy systems, especially when combined with battery storage, offer emergency power for your business, ensuring its uninterrupted operation.

SRPL Group’s solar racking systems are designed to support all types of installations, from ground-mounted to floating systems, so businesses can be powered even when disruptions occur.

5. Boosting Corporate Sustainability and Brand Image

Building a strong brand in the market today is all about sustainability. The adoption of solar energy by businesses leads to an increase in corporate CSR as it promotes environmental sustainability. Solar energy adoption not only lowers a company’s carbon footprint but also enhances its reputation, increasing appeal to customers, employees, and potential partners.

6. Net-Zero Goals and Corporate Social Responsibility

Many businesses are now striving for net-zero emissions, and solar power is one of the most efficient ways to achieve this goal. By producing your own clean energy, you can significantly decrease your business’s carbon footprint while contributing to your CSR and reducing global warming.

We at SRPL Group aim to meet these sustainability goals by offering solar racking systems that can accommodate rooftop, ground, and floating solar systems.

7. Technological Advancements in Solar Power

The advancement of solar energy technology has made it even more efficient and affordable. Businesses are increasingly choosing solar power over traditional energy sources due to the availability of advanced technologies like solar tracking systems and bifacial solar panels, which offer greater efficiency.

SRPL Group’s solar racking systems are designed to meet the needs of new technologies, so you can have optimal solar installation. Why?

8. Assistance for Local Communities and Innovation

By embracing solar, local economies can thrive and innovation can flourish. You’re supporting the renewable energy industry by investing in solar, which is also generating jobs. Why? Local communities can benefit from solar power thanks to the participation of businesses in community solar programs.

SRPL Group’s investment in energy solutions for businesses is helping to promote a more sustainable, green economy.

The Smart Investment for Solar Power in 2025: A Practical Guide

As we approach 2025, businesses can benefit from solar power as it offers a unique opportunity to reduce costs, improve sustainability, and ensure the future of their operations. The SRPL Group’s solar racking systems are both high-quality and low-cost, making it possible for businesses to incorporate solar energy into their operations.

The adoption of solar power is not only about renewable energy, but also about creating a more sustainable future for your business.

Ready to take charge of your future with solar power? Are you ready? We, at SRPL Group, are here to help you every step of the way.