India Dual-Axis Solar Tracker Market Size is Expected to Reach $1197 Million by 2029

Introduction to Subdivision Types

From a demand perspective, India has a large population and huge energy demand. With the popularization and development of renewable energy, solar energy, as a clean and renewable form of energy, has been widely used in India. The dual-axis solar tracker, as a key device to improve solar energy utilization, is also showing a rapid growth trend in market demand in India.

According to our research data, the market size of dual-axis solar trackers in India is estimated to be $449 million in 2024, an increase of 23.19% compared to 2023. In the future, with the continuous development of technologies such as the Internet of Things and big data, the intelligence and automation level of the dual-axis solar tracker will continue to improve, further meeting the market's demand for efficient and convenient devices, thereby driving the market to continue expanding. It is expected that by 2029, the size of the Indian dual-axis solar tracker market will increase to $1197 million.

Analysis of Downstream Application Pattern

From downstream applications, in India, dual-axis solar trackers are mainly used in the utility sector. The data shows that the market size of dual-axis solar trackers used in the utility sector in 2024 is estimated to be $398 million, and the market share is expected to reach 88.64%.

India Dual-Axis Solar Tracker Market Size and Market Share by Application Forecast

Source: www.globalmarketmonitor.com

Market Development Prospect Analysis

From the perspective of technological development trends, the dual-axis solar tracker will continue to be improved and enhanced in tracking accuracy, stability, and durability, which will provide strong technical support for the application of dual-axis solar trackers in the Indian market.

In addition, the policy environment is also an important factor affecting the development of the dual-axis solar tracker market in India. The Indian government has been committed to promoting the development of renewable energy and has introduced a series of supportive policies, providing strong support for the popularization and application of solar energy equipment such as dual-axis solar trackers. In the future, it is expected that more favorable policies will be introduced to inject new impetus into the development of India's dual-axis solar tracker market.

For more industry information, please refer to our latest released"2023 Global Dual Axis Solar Tracker Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".