Growing energy demand and security will positively impact of the Europe, Australia, Middle East & Africa Solar Tracker Market at a CAGR of 7.69% during the forecast period 2024 to 2032

Market Research Future (MRFR) has published on the “Global Europe, Australia, Middle East & Africa Solar Tracker Market”.

The Magnet market is estimated to register a CAGR of 7.69% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the Europe, Australia, Middle East & Africa Solar Tracker Market — PVHardware, MECASOLAR, IDEEMATEC, Deger Energie Gmbh & Co. Kg, Soltec, Arctech, GameChange Solar, NEXTracker, ECOrel Power, Array Technologies and Others.

Market Highlights

The Europe, Australia, Middle East & Africa Solar Tracker Market is accounted for to register a CAGR of 7.69% during the forecast period and is estimated to reach USD 61.3 million by 2032.

The market for solar trackers is witnessing significant technological advancements and innovations which is driven by rising demand for cost effective and efficient solar trackers. Adoption of technologies such as machine learning in solar trackers is enabling real-time monitoring and optimization of energy production. Advanced algorithms can analyze data from the sensors for predicting potential systems failures and optimizing the orientation of the panels based on weather forecast. This ultimately helps in improving the efficiency of the system. The innovations in material science have resulted in the development of efficient and durable components for solar trackers. Usage of corrosion resistant and lightweight materials such as advanced composites and high strength alloys reduces the maintenance costs and also helps in extending the lifespan of the solar trackers. Moreover, the use of smart materials that respond to the environmental changes also helps in optimizing the tracking efficiency. For instance, the materials with shape memory alloys can change their shape according to the changes in the temperature, thereby automatically adjusting the orientation of the solar panels for maximizing the energy capture. Such materials are also effective in enhancing the structural integrity of the solar trackers, in turn making them more resilient to extreme weather conditions.  Furthermore, smart tracking systems is one of the crucial advancements in the solar industry as these systems are designed for increasing the overall efficiency of solar panels as it incorporates sensors and microprocessors that analyze data for adjusting the angles of solar panels according to factors such as shade levels, weather conditions and energy consumption patterns.

Innovations in solar tracker designs are also playing an important role in improving its effectiveness. Self-powered solar trackers incorporate small solar panels or energy-harvesting devices for generating the electricity required for powering their control systems and motors and this innovation eliminates the need for external power sources. Such innovations have enhanced the reliability of the solar trackers. Also, hybrid solar trackers combine PV panels with other types of renewable energy sources for offering a more stable and reliable energy supply. Moreover, robotics and autonomous solar trackers help in automating the tracking process with the use of advanced robotics and control algorithms. These systems can perform complex and precise movements that helps in optimizing the orientation of solar panels. Autonomous solar trackers can adjust and navigate their position according to real time data and weather conditions. This automation improves the performance and efficiency of solar power systems. Moreover, the internet of things (IoT) has helped in integrating components such as actuators and sensors in solar trackers that facilitates the real time data collection and remote control. Solar tracker with IoT technology allows the monitoring and adjusting solar panels for ensuring optimal performance. This connectivity also allows for seamless integration with smart grid systems, further improving energy management and distribution. Also, combining solar tracking with energy storage solutions such as batteries enables the capture and storage of excess energy during the peak sunlight hours.

The technology of centralized trackers that can move many rows of solar panels with a single set of drive components, making it possible to use high quality components for the programmable logic controller (PLC), actuator and motor is gaining popularity.  Further, distributed trackers are the types of solar trackers that move a single row or table of panels with each drive. For a given solar PV plant, a distributed tracker will have tens or hundreds more drives (or independent units) than a centralized tracker. Also, various companies are investing in R&D for developing innovative solar trackers, for instance, Sunfolding, a supplier of solar tracking technology has developed a solution “TopoTrack’s tracker” for projects on variable terrain for mitigating grading within the solar array boundaries using AirLink technology.

Access full report @ https://www.marketresearchfuture.com/reports/europe-australia-middle-east-africa-solar-tracker-market-32274

Segment Analysis

The Europe, Australia, Middle East & Africa Solar Tracker Market has been segmented based on Technology, Type, Application, Communication, Power Rating, Drive Type and Region.

The Europe, Australia, Middle East & Africa Solar Tracker Market segmentation, based on Technology has been segmented into segmented into Solar Photovoltaic (PV), Concentrated Solar Power (CSP), and Concentrated Photovoltaic (CPV). Among these, the Solar Photovoltaic (PV) of Solar Tracker is projected to dominate the Europe, Australia, Middle East & Africa Solar Tracker Market revenue through the projected period. The Concentrated Solar Power (CSP) holds the second-largest segment by type in the Europe, Australia, Middle East & Africa Solar Tracker Market , and its prominence can be attributed to its widespread adoption across a spectrum of industries and applications. On the basis of type, the Europe, Australia, Middle East & Africa solar tracker market is segmented as Single Axis, Dual Axis. On the basis of Application, the Europe, Australia, Middle East & Africa solar tracker market is segmented as Utility Scale Solar Power Plants, Grid Tied Solar Power Plants, Renewable Energy Projects, Commercial & Industrial Power Plants. On the basis of Communication, the Europe, Australia, Middle East & Africa solar tracker market is segmented as Wired communication, Wireless communication, Hybrid communication. On the basis of Power Rating, the Europe, Australia, Middle East & Africa solar tracker market is segmented as Tracking projects <5 MWp, Tracking projects 5 MWp–20 MWp, Tracking projects <20 MWp.

In final segment, basis of Drive Type, the Europe, Australia, Middle East & Africa solar tracker market is segmented as: Active tracking, Passive tracking, Semi-Passive Tracking. Out of which the Active Tracking segment held the maximum share in the base year market and is also expected to be holding a significant share in the forecasted period as well.

Regional Analysis

By Region, the Europe, Australia, Middle East & Africa Solar Tracker Market is segmented into Europe, Australia, and Middle East & Africa. The Europe Solar Tracker market holds the considerable market share and is also forecasted to hold the largest share during the forecast period. Governments and businesses are increasingly investing in solar energy to meet renewable energy targets, reduce carbon emissions, and enhance energy security. Governmental bodies like the European Union, along with various countries in the region have set ambitious renewable energy targets, aiming for at least 32% of final energy consumption to come from renewable sources by 2030.

Key Findings of the Study

• The Europe, Australia, Middle East & Africa Solar Tracker Market is expected to reach 61.3 million by 2032, at a CAGR of 7.69% during the forecast period.


• The Europe region accounted for the fastest-growing market.


• Based on type, the Solar Photovoltaic (PV) segment was attributed to holding the largest market in 2023.


• Based on Application, the Utility Scale Solar Power Plants segment was attributed to holding the largest market in 2023.


• PVHardware, MECASOLAR, IDEEMATEC, Deger Energie Gmbh & Co. Kg, Soltec, Arctech, GameChange Solar, NEXTracker, ECOrel Power, Array Technologies and Others are the key market players.