How is the solar tracker market segmented?

The solar tracker market is segmented by Axis Type and Geography. By axis type, the market is segmented into Single Axis and Dual Axis. The report also covers the market size and forecasts for the market across major regions The report offers the market size and forecasts for solar trackers in revenue (USD) for all the above segments.

How does solar tracking work?

Using solar tracking technology, solar collectors, reflectors, and photovoltaic panels are oriented toward the sun. As the sun moves across the sky, a tracking device ensures that solar collectors maintain a position in which they receive the maximum amount of solar radiation as it moves across the sky.

What is a solar tracker?

A solar tracker is a system that positions an object at an angle relative to the sun. The most common solar tracking system is placing photovoltaic (PV) panels to remain perpendicular to the sun’s rays and setting space telescopes to determine the sun’s direction.

How big is the solar tracker market?

The Solar Tracker market in the U.S. is projected to grow significantly, reaching an estimated value of USD 9.58 billion by 2032, driven by federal and state policies, incentives, and regulatory support encouraging renewable energy adoption. North America dominated the solar tracker market with a market share of 56.85 % in 2023.

Will solar steel supply tracsmart & electrum solar trackers?

February 2023 – Solar Steel and Electrum has signed an agreement, where Solar Steel will supply its TracSmarT + solar trackers with a capacity of 21MW for the Osów project, which is said to be the largest solar tracking project in Poland.

How is solar market segmented?

The market is segmented into utility and non-utility in terms of application. The utility segment is expected to lead the market due to rising solar grid integrations that have become common in many countries. The standalone systems and the rooftop solar installation are found to have fixed-tilt, eliminating trackers.