Global Dual-Axis Solar Tracker Market 2019-2023

Global Dual-Axis Solar Tracker Market 2019-2023

Global Dual-Axis Solar Tracker Market: About this market

Dual-axis solar tracker enables two degrees of movement to solar PV modules for efficient tracking of sun throughout the day. Technavio’s dual-axis solar tracker market analysis considers sales generated from the adoption of dual-axis solar tracker for non-utility and utility applications. Our analysis also considers the sales of dual-axis solar tracker in the Americas, APAC, and EMEA. In 2018, the utility segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the growing focus on a clean and sustainable form of energy generation will play a significant role in the utility segment to maintain its market position. Also, our global dual-axis solar tracker market report looks at factors such as the declining cost of solar power generation, supportive government policies, and regulations about solar installations, and growing adoption of renewable energy. However, competition from alternatives of dual-axis solar trackers, challenges associated with solar PV modules and their disposal, and challenges posed by alternative sources of energy may hamper the growth of the dual-axis solar tracker industry over the forecast period.

Global Dual-Axis Solar Tracker Market: Overview

Growing adoption of renewable energy

Globally, the renewable energy sector is growing significantly due to the competitive price of power generation, subsidies provided by various governments, and favorable regulations. Also, the capital costs of solar PV declined. This decrease in capital costs spurred the number of solar PV installations and contributed to 25% year-over-year expansion in terms of installations in 2017. This trend was observed in several countries that are investing significantly in renewables, including solar PVs. These factors will boost the demand for solar PV panels and dual axis solar trackers across countries and consequently lead to the expansion of the global dual-axis solar tracker market at a CAGR of about 14% during the forecast period.

Rising installations of CSP and CPV solar plants

The solar industry is adopting new solar energy technologies such as CSP and CPV because they have high electricity production efficiency. This is encouraging an increase in investments in several new CSP and CPV projects around the globe. Consequently, the demand for dual axis solar trackers will increase as it is extensively used in CSP and CPV. In addition, rising investments will have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global dual-axis solar tracker market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of several major players, the global dual-axis solar tracker market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading dual-axis solar tracker manufacturers, that include AllEarth Renewables, Inc., DEGERenergie GmbH & Co. KG, Mechatron SA, Qingdao Eternal Electronic Co. Ltd., and Titan Tracker SL.

Also, the dual-axis solar tracker market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global renewable energy market
      • Table Segments of global renewable energy market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Utility - Market size and forecast 2018-2023
      • Table Utility - Market size and forecast 2018-2023 ($ millions)
      • Table Utility - Year-over-year growth 2019-2023 (%)
    • Non-utility - Market size and forecast 2018-2023
      • Table Non-utility - Market size and forecast 2018-2023 ($ millions)
      • Table Non-utility - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 ($ millions)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 ($ millions)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Rising installations of CSP and CPV solar plants
    • Advances in power electronics used in solar PV systems
    • Increasing adoption of microgrids
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • AllEarth Renewables Inc.
      • Table AllEarth Renewables Inc. - Vendor overview
      • Table AllEarth Renewables Inc. - Key offerings
    • DEGERenergie GmbH & Co. KG
      • Table DEGERenergie GmbH & Co. KG - Vendor overview
      • Table DEGERenergie GmbH & Co. KG - Organizational developments
      • Table DEGERenergie GmbH & Co. KG - Key offerings
    • Mechatron SA
      • Table Mechatron SA - Vendor overview
      • Table Mechatron SA - Key offerings
    • Qingdao Eternal Electronic Co. Ltd.
      • Table Qingdao Eternal Electronic Co. Ltd. - Vendor overview
      • Table Qingdao Eternal Electronic Co. Ltd. - Key offerings
    • Titan Tracker SL
      • Table Titan Tracker SL - Vendor overview
      • Table Titan Tracker SL - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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