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The Market for solar tracker is expected to increase from $9.9 billion today to more than $16 billion by 2026, according to a new study.

According to the report, the market for solar tracker is expected to gain significant growth due to the growing demand for clean and sustainable energy.

Regionally, favourable regulatory program and renewable energy targets that can be supported across Europe will boost industrial growth across Europe. The European solar market is expected to grow at an astonishing rate over the next few years, making solar power capacity the foundation of the region’s clean energy transition.

In addition, the implementation of incentives and other regulatory measures is driving the rollout of distributed PV systems across Africa, thus stimulating the demand for trackers. The Middle East, with its abundant solar energy resources and reduced reliance on fossil fuels, is driving the growth of the solar photovoltaic market in the region. The market for solar tracker in the region is also expected to grow during the forecast period.