Solar Tracker Market to Grow at a 17% CAGR and Solar Collector to See 24% CAGR by 2019

solar tracker system SolarWorld
SolarWorld solar tracking system on the roof of the Newark Science High School. Image courtesy of SolarWorld

Analysts forecast the global solar tracker market to grow at a CAGR (compounded annual growth rate) of 17.2% over the period 2014 – 2019. Advancements in solar tracking technology are focusing on the efficient use of materials and, thereby, increasing reliability. For instance, the combination of highly advanced actuation systems for north-south solar tracking and rotary drives for east-west solar tracking is a recent technological accomplishment in the market. Use of technology increases the efficiency of the panel which ultimately boosts the overall output of the solar power plants.

The following companies are the key players in the Global Solar Tracker Market: All Earth Solar, Deger, First Solar, Haosolar and Mecasolar. Other Prominent Vendors in the market are: Abengoa, Amonix, Helio Power, Smart Trak and Trabant Solar.

According to the Global Solar Tracker Market 2015 – 2019 report, the use solar trackers improve the efficiency of solar power plants. A single-axis tracker increases the output of a solar power plant by a minimum of 30%-35% whereas dual-axis trackers increase it by an additional 6%. The single-axis tracker with horizontal axle is primarily used in tropical regions, where the sun is high at noon and days are short. The vertical axle is installed in high latitude regions where the days are long, and the sun doesn’t get high. Improved efficiency of solar power plants will boost the market for solar trackers during the forecast period. Further, the report states that high maintenance and installation costs will restrict the growth of the solar tracker market.

The complete report on solar tracker market by application (utility and non-utility segment), technology (PV, CSP and CPV segments), by product(single-axis and dual-axis) and by geography spread across 63 pages, analyzing 5 major companies and supported with 32 data exhibits is available at

The research company has also compiled a report on the Solar Collector Market. This report states that the demand for solar collectors depends heavily on the availability of sunlight, which may pose a threat to the market growth, as the intensity of sunlight is prone to seasonal and daily fluctuations.

The following companies as the key players in the Global Solar Collector Market: Hewalex, MainFrame Energy Solutions Pvt. Ltd., Solar Skies Mfg. LLC, SunMaxx Solar Inc. and TVP Solar SA.

Other Prominent Vendors in the market are: Alternate Energy Technologies, Aora Solar, KYOCERA Solar, Novatech Solar, Rackam and Skyfuel.

The report covers the present scenario and the growth prospects of the Global Solar Collector market for the period 2015-2019. The market is segmented on the basis of: technology (non-concentrating & concentrating) and geography.

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This post was prepared by Solar Thermal Magazine staff.

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