Middle East and Africa Solar Tracker Market Size (2024 - 2029)

MEA Solar Tracker Market Analysis

The Middle East and African solar tracker market is expected to register a CAGR of 18.36% during the forecast period.

The COVID-19 pandemic did not have any major effect on the solar tracker market in the region. Presently, the market has reached pre-pandemic levels.

• Over the long term, the solar tracker market in the Middle East and African region is expected to have remarkable progress due to the availability of highly sun-drenched regions for solar projects, low labor costs, and availability of cheap and sunny desert land for utility-scale solar projects.
• On the other hand, the aggressive competition from other renewable energy sources, like hydrogen and wind, is expected to challenge the market's growth in the near future.
• Nevertheless, as solar trackers increase the solar power generating capacity of solar panels, they are recommended for utility-scale solar power projects. Thus, the growing focus of the region on utility-scale solar projects results in ample opportunities for the market.
• The market in Saudi Arabia is expected to grow at a faster rate due to the government's efforts to expand the solar power share and the interest from private investors.

MEA Solar Tracker Industry Segmentation

Solar trackers are devices that position solar panels at an angle relative to the sun in such a way that more sunlight strikes the solar panels. Thus, more energy can be absorbed and converted into electrical power. These devices are generally used for utility-scale solar projects. The Middle East and African solar tracker market is segmented by axis type and geography. By axis type, the market is segmented into single axis and dual axis. By geography, the market is divided into the United Arab Emirates, Saudi Arabia, South Africa, and the Rest of Middle East and Africa. For each segment, the market sizing and forecasts have been done based on value (USD billion).