Decoding the Solar Tracker Market: Trends, Demand Surge, and Key Player Insights
Market Overview Global Solar Tracker Market size and share is currently valued at USD 9.27 billion in 2024 and is anticipated to generate an estimated revenue of USD 35.64 billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 14.5% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 - 2034 The solar tracker market is witnessing robust growth as global energy policies pivot toward sustainability. Trackers, especially in utility-scale solar projects, have become indispensable for maximizing energy production. Solar trackers are mechanical devices that automatically orient solar panels toward the sun’s path to optimize light absorption and improve overall system performance. There are primarily two types of tracking systems used in the market: single-axis and dual-axis trackers. Single-axis trackers follow the sun’s movement from east to west, while dual-axis tracking syst...