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The solar tracker market is expected to register more than 13% increase over the period of 2021-2026. The COVID-19 virus has slightly affected the market in terms of project delays and supply chain disruptions during 2020. In addition to this, the lack of investment for solar tracking systems during 2020 has also affected the growth of the market. However, factors such as government support and efforts to meet the increasing power demand using renewable energy sources are expected to create a favorable factor for solar panels as well as for solar trackers in the coming years.

The single-axis solar trackers are being accepted widely in the market globally. Low cost and less complexity in design in comparison to dual-axis trackers are the significant reasons for the growing popularity of single-axis trackers.

Energy companies and governments are facing a challenge to increase the power capacity, not only for future projects but also for active projects. With the installation of solar trackers, a capacity surge of 20%-35% can be achieved. This, in turn, is expected to create a significant amount of opportunities for the companies involved in solar tracking system manufacturing in the near future.