List of Contents
What is the Solar Tracker Market Size?
The global solar tracker market size is calculated at USD 8.84 billion in 2025 and is predicted to increase from USD 11.16 billion in 2026 to approximately USD 71.81 billion by 2034, expanding at a CAGR of 26.2% from 2025 to 2034.
Solar Tracker Market Key Takeaways
- North America led the global market with the highest market share of 30% in 2024.
- By product, the single axis segment has held the largest market share of 90% in 2024.
- By technology, the solar photovoltaic (PV) segment captured the biggest revenue share in 2024.
- By application, the utility segment registered the maximum market share in 2024.
Solar Tracker Market Growth Factors
A solar tracker surges the solar panel system's productivity capacity by synchronizing the solar panels with the path of the sun. The growing initiatives and efforts by market players are driving the growth of global solar tracker market. For instance, PV Hardware Solutions S.L.U., a major participant in the solar tracker market, was chosen as the supplier for the single axis solar tracker for more than 30PV plants with a total capacity of more than 3GW in April 2019.
In addition, the growth of global solar tracker market is being driven by the growing emphasis on clean and green energy. The growing awareness about environmental pollution is also boosting the growth of global solar tracker market. One of the primary factors driving the growth of solar tracker market is a huge increase in the number of solar panel installations around the world. Moreover, the solar tracker market is growing due to the introduction of favorable government regulations that promote various solar energy projects.
Due to the increased industrial demand for sophisticated technology for tracking reasons, companies are concentrating on developing advanced technology-based products. For growing their geographical reach and product portfolio, manufacturing organizations use a variety of organic and inorganic expansion tactics. The key market players' strategic approach revolves around securing large buy orders, as this helps them to realize to economic growth. The tracker research and development are a key differentiator for industry players.
A solar tracker's other key goal is to save energy and increase operational efficiency. This is due to the fact that solar trackers are distinct energy consuming organizations that are attached to solar panels in order to improve their performance. Furthermore, solar trackers must provide operational reliability across a variety of operating conditions, as any impact on tracker application performance can have a significant impact on the overall performance of solar panels or power systems.
Evolving Efficiency and Automation Drive the Trend in Solar Tracker Market
The solar tracker market is witnessing a shift toward advanced automation and AI-driven systems to optimize solar panel positioning. Dual-axis trackers are gaining traction for their improved energy yield over single-axis variants. Integration with IoT and predictive analytics is enabling real-time monitoring and fault detection, enhancing reliability. Additionally, there's a growing preference for decentralized systems in off-grid applications. These trends reflect an industry push toward maximizing efficiency, reducing operational costs, and supporting the expansion of utility-scale solar installations.
In March 2025, Goldi Solar launches an AI-powered solar manufacturing line. Goldi Solar has opened a PV module manufacturing line, powered by automated optical inspection (AOI) and artificial intelligence. AI-powered automation enhances consistency and precision while minimizing errors and material waste.
Market Outlook
- Market Growth Overview: The solar tracker market is expected to grow significantly between 2025 and 2034, driven by the integration of technology, declining costs and enhanced ROI, and grid stability and hybrid systems.
- Sustainability Trends: Sustainability trends involve design for efficiency and material reduction, bifacial optimization and land use efficiency, and software & AI for environmental optimization.
- Major Investors: Major investors in the market include Nextracker Inc., Array Technologies, Inc., Arctech Solar, Adani Green Energy Ltd., Tata Power Company Ltd., and Trina Solar Limited.
- Startup Economy: The startup economy is focused on novel-designed & engineering solutions, integrated solutions with storage, and drone-based monitoring and inspection.
Market Scope
| Report Coverage | Details |
| Market Size by 2034 | USD 71.81 Billion |
| Market Size in 2025 | USD 8.84 Billion |
| Market Size in 2026 | USD 11.16 Billion |
| Growth Rate from 2025 to 2034 | CAGR of 26.2% |
| Largest Market | North America |
| Fastest Growing Market | Europe |
| Base Year | 2024 |
| Forecast Period | 2025 to 2034 |
| Segments Covered | Product, Technology, Type, Application, and Region |
| Regions Covered | North America,Asia Pacific,Europe, Latin America, Middle East and Africa |
Opportunity
Rising Demand for the Dual Axis Trackers Sparks Industry Momentum
The supply the dual-axis trackers is expected to create a significant opportunity for manufacturers in the coming years. By increasing the energy outputs in the large-scale projects, the dual axis has created immense industry demand in recent years. Also, the manufacturer can create a strategic collaboration with major brands or the regional government for the supply of customized solar trackers, which can provide long-term profit gains with a sophisticated computer-based system while gaining consumer trust in the upcoming period. Also, by investing in R&D activities to develop affordable, durable, and weather-resistant trackers, manufacturers are expected to gain immense industry attention in the upcoming years, as per the future industry's expectations.
Restraint
Will High Maintenance Costs Slow Down Solar Tracker Adoption?
The complex maintenance requirement is projected to hinder the industry's growth in the coming years. Moreover, these solar trackers are actively seen under the installation with advanced setups, which has led to the high cost. Moreover, these high costs are likely to create hurdles for the new entrants and mid-sized businesses which has limited budgets. Furthermore, due to these high costs, the developers can look for cheaper alternatives, which can hamper market potential in the upcoming years, as per the future industry's expectations
Product Insights
The single axis tracker segment accounted largest revenue share of 90% in 2024. Single axis trackers typically move from east to west, following the sun's path. Single axis trackers are inexpensive, easy to setup, and operate at a minimal cost. They outperform dual axis trackers in terms of reliability. Dual axis trackers have a shorter lifespan than single axis trackers. Single axis trackers are ideal for businesses looking for a low-cost solution.
The dual axis tracker segment is projected to witness strong growth from 2025 to 2034. When compared to single axis trackers, dual axis trackers help generate 8% to 10% more energy. The dual axis trackers have a high operational and maintenance cost due to higher space needs, more sophisticated technology, and significant maintenance for motors and control systems.
Technology Insights
The solar photovoltaic (PV) segment dominated the solar tracker market in 2023. Solar photovoltaic is a modestsystem that usagessunlight to produce electricity with no working components. Solar photovoltaic systems directly absorb solar photons, which are light particles that operate as independent units of energy and either convert part of the energy to electricity or store some of the energy in a chemical reaction.
The concentrated photovoltaic (CPV) segment is fastest growing segment of the solar tracker market in 2023. Concentrated photovoltaic (CPV) systems focus sunlight on solar cells, boosting their efficiency significantly. In a concentrated photovoltaic (CPV) system, the photovoltaic cells using a lens or mirrors. To keep sunlight focused on photovoltaic cells, concentrated photovoltaic (CPV) systems must track the sun. The minimal capital investment, high efficiency, and low cost of system are the key benefits of concentrated photovoltaic (CPV) systems, which allow for rapid scale up by using least expensive semiconducting photovoltaic material to meet a specific electrical output.
Application Insights
The utility segment dominated the solar tracker market in 2023. As utility installations are ground mounted and solar trackers may be used to follow the sun during the day, single axis tracking systems are the most commonly utilized solar trackers in the utility industry. Furthermore, due to rising government subsidies and feed in tariff programs, these trackers are increasingly being employed in utility applications, particularly in developing and developed regions.
The non-utility segment is expected to grow at a fastest rate from 2024 to 2034. The residential and commercial installations make up the non-utility sector. Due to the infeasibility of using trackers due to land limits, non-utility applications have a lower market share than utility applications. In non-utility applications, installing solar trackers can be highly expensive.
Regional Insights
U.S. Solar Tracker Market Size and Growth 2025 to 2034
The U.S. solar tracker market size is estimated at USD 1.87 billion in 2025 and is predicted to be worth around USD 15.43 billion by 2034, at a CAGR of 26.4% from 2025 to 2034.
North America dominated the solar tracker market in 2024. The market players are adopting unique strategies such as partnership, joint venture, product launch, and collaboration. These strategies are contributing towards the growth of the regional market. For instance, the SunShot Initiative was started in 2011 by the U.S. Department of Energy to make the solar industry cost competitive with conventional energy sources by 2020 by lowering costs to less than 1 USD/watt. More than 350 initiatives have received funding from the initiative.
U.S. Solar Tracker Market Trends
The U.S. market is growing due to government incentives from the Inflation Reduction Act. The market benefits from integrating AI and software to maximize energy yield from increasingly popular bifacial modules. The technologies are vertically integrating to optimize their supply chains. The trend is moving towards hybrid systems that couple trackers with battery storage to enhance grid stability.
Europe, on the other hand, is expected to develop at the fastest rate during the forecast period. The UK dominates the solar tracker market in Europe region. The growth of Europe solar tracker market is attributed to the growing funding by government bodies. The technological advancements are contributing towards the growth of solar tracker market in Europe region. In addition, the rising solar tracker deployment of solar panels is driving the expansion of Europe solar tracker market.
Asia Pacific is expected to dominate the solar tracker market in the future, owing to the sudden expansion of solar-powered projects and increased renewable energy initiatives. Moreover, the regional countries such as India, China, and Japan are actively seen under heavy investment for the development of large-scale solar farms in recent years. Furthermore, countries like China and India, which have heavy manufacturing industries, have been generously focusing on the reduction of carbon emissions by adopting renewable energy infrastructure in the past few years.
Germany Solar Tracker Market Trends
Germany's market is experiencing a significant surge driven by the dominance of the single-axis trackers in utility-scale projects. The German government's Solarpacket has significantly boosted solar adoption, technological innovation, and AI integration, and focuses on agri-PV and land use efficiency.
China Solar Tracker Market Trends
China's market is expanding rapidly due to the surge in utility-scale solar farm installations, strong government incentives for renewable-energy deployment, and rising demand for high-efficiency tracking systems that boost power generation in regions with high solar irradiation. Manufacturers are increasingly integrating advanced technologies such as smart controls, real-time monitoring, and robotic cleaning to improve system performance and reduce operational losses.
Value Chain Analysis of the Solar Tracker Market
- Raw Material Sourcing & Component Manufacturing
This initial stage involves sourcing raw materials like steel and aluminum for the tracker structure, along with producing specialized electronic and mechanical components such as motors, controllers, gears, and sensors.
Key Players: Schneider Electric - Product Manufacturing & Assembly
In this core stage, manufacturers design and assemble the structural components and integrate the mechanical and electronic systems into a complete solar tracking system.
Key Players: Nextracker Inc., Array Technologies, Inc., STI Norland, and Convert Italia. - Distribution & Installation
After manufacturing, the trackers are shipped to project sites, often requiring specialized logistics due to their size and weight. - Software & Optimization Services
A vital support stage is the development and integration of software and AI algorithms that optimize tracker performance based on weather conditions, terrain, and shading.
Key Players: Ideematec, Deger Energie, Microsoft, and Amazon Web Services
Top Companies in the Solar Tracker Market & Their Offerings:
- Nextracker: As a leading global provider of intelligent solar tracker systems, Nextracker contributes significantly through its innovative technology and integrated software solutions for utility-scale projects.
- Array Technologies: A major global tracker manufacturer, Array Technologies contributes through its robust, reliable single-axis tracker systems designed for simplified installation and minimal maintenance.
- Soltec: Soltec contributes to the market through the design, manufacturing, and installation of its own range of single-axis solar trackers, focusing on innovation and cost-effectiveness. Their fully integrated business model allows them to manage the entire project lifecycle, from engineering to commissioning and maintenance services.
- Convert Italia: This company contributes as an experienced player in the European and international solar markets, designing and providing proprietary solar trackers and PV systems. They focus on delivering reliable and certified solutions, including large-scale projects, and offer a wide range of services from engineering to O&M.
- Arctech Solar: Arctech is a leading global manufacturer and solution provider of solar tracking and racking systems, contributing through its vast manufacturing scale and commitment to R&D.
- SunPower: While primarily known for high-efficiency solar panels and complete residential solutions, SunPower contributes to the tracker market through specialized offerings, often focusing on high-performance commercial and utility-scale systems that leverage its premium technology.
- Sun Action Trackers: A U.S.-based company that contributes by specializing in innovative solar tracking systems, including dual-axis trackers that offer maximum energy capture in niche applications. Their focus is often on specialized projects that require highly precise tracking for optimal performance in specific environmental conditions.
- STi Norland: Now part of Array Technologies, STi Norland was a significant European-based manufacturer that contributed through its global presence and established range of single-axis solar trackers (e.g., STI H1250).
- Scorpius Trackers: This company contributes by providing innovative solar tracking solutions tailored to various project scales, often focusing on smart software and data analytics to optimize performance.
- Exosun: Acquired by the large French group Bouygues Energies & Services, Exosun contributed innovative single-axis tracker technology to the market, particularly in Europe and the U.S. Their expertise in engineering and project management helped deliver optimized solar power plant performance before becoming part of a larger energy solutions provider.
Solar Tracker Market Companies
- NEXTracker
- Array Technologies
- Soltec
- Convert Italia
- Arctech Solar
- SunPower
- Sun Action Trackers
- STi Norland
- Scorpius Trackers
- Exosun
Recent Developments
- In January 2025, Grenergy raised USD 324 million for phase 4 of the ‘world's largest' solar-plus-storage project in Chile. The financing will be used towards the deployment of 269MW solar PV generation capacity and 1.1GWh of battery energy storage systems (BESS), at Gabriela, the fourth phase of Grenergy's Oasis de Atacama project in northern Chile.
- In March 2025, PV Hardware (PVH) announced the launch of DeepTrack™ by PVH, an ecosystem designed to optimize photovoltaic plant performance using advanced technology and cutting-edge intelligence. DeepTrack™ by PVH provides comprehensive control over solar installations, anticipating weather conditions and dynamically adjusting to environmental changes.
- In September 2024, Chinese firm Arctech, a solar tracking and racking solution provider, introduced the new SkyLight solar tracker. This boosts efficiency, reduces cost, and offers significant ecological benefits. The 1P Linked Dual-row Solar Tracking System SkyLight is designed with a single-point drive mechanism, catering to low wind speed regions, particularly in the Latin American market.
- In June 2024, Nextracker, a global provider of intelligent solar trackers and software solutions, announced it had acquired Ojjo in an all-cash transaction for approximately USD 119 million. Ojjo is a U.S.-based renewable energy company specializing in foundation technology and services used in utility-scale ground-mount applications for solar power generation.
- In Lyubar, Ukraine's largest solar tracking plant, with a capacity of 33 MW, was launched in May 2020. SolControl, Soltigua'scloud-based SCADA, was used for the installation, which was designed from the start to be optimal for remote help and supervision of the solar plant.
- SkySmart-2, an autonomous single axis tracking system, was announced by Arctech in May 2019. It's a 120-module 2P solar tracker that eliminates the instabilities of traditional 2P or two module portrait tracking systems and improves photovoltaic plant stability in poor visibility.
- Mass Megawatts declared plans for a solar tracker trailer trip with modest solar units in April 2021 to show the cost and output of the added solar tracking features. The trip is set to begin at the end of 2021, according to the organization.
- Antaisolar declared SPACE, the global longest solar tracker, in June 2021. It is a 1P multi-Slew solar tracker that can cut solar mounting system costs by 18% and can be stretched to more than four strings with a maximum length of 240 meters.
Segments Covered in the Report
By Product
- Single Axis
- Horizontal
- Vertical
- Polar Aligned
- Titled
- Dual Axis
- Tip-Tilt
- Azimuth-Altitude
By Technology
- Solar Photovoltaic (PV)
- Concentrated Solar Power (CSP)
- Concentrated Photovoltaic (CPV)
By Type
- Active Solar Tracker
- Passive Solar Tracker
By Application
- Utility
- Residential
- Commercial & Industrial
By Region
- North America
- Latin America
- Europe
- Asia-pacific
- Middle and East Africa
For inquiries regarding discounts, bulk purchases, or customization requests, please contact us at sales@precedenceresearch.com
Frequently Asked Questions
Ask For Sample
No cookie-cutter, only authentic analysis – take the 1st step to become a Precedence Research client