Global Solar Tracker Market Outlook
The global solar tracker market is witnessing significant growth, fueled by the increasing shift toward sustainable energy sources, government incentives for renewable energy deployment, and technological advancements in solar panel tracking systems. With heightened demand for improved solar panel efficiency and the integration of photovoltaic systems in utility-scale solar farms, the market is poised to experience robust expansion over the next decade.
Market Overview
Solar trackers are devices used to orient photovoltaic panels toward the sun throughout the day. By continuously adjusting the angle of the panels, solar trackers maximize energy capture, significantly enhancing the efficiency of solar installations. Compared to fixed-tilt systems, solar trackers can increase energy yield by 10% to 25%, depending on geographic location and system configuration.
The solar tracker market size was valued at USD 9.27 billion in 2024. The market is projected to grow from USD 10.58 billion in 2025 to USD 35.64 billion by 2034, exhibiting a CAGR of 14.5% during 2025–2034. The rise in utility-scale solar projects and favorable government policies promoting clean energy are the primary drivers behind this growth.
The expansion of renewable energy integration in power grids globally is placing solar trackers at the forefront of technological investment in solar energy infrastructure.
LSI Keywords Integrated:
- Photovoltaic systems
- Renewable energy integration
- Solar panel efficiency
- Dual-axis tracking systems
Report Scope
Solar Tracker Market, Type Outlook (Revenue – USD Billion, 2020-2034)
- Single Axis Solar Tracker
- Dual Axis Solar Tracker
Solar Tracker Market, Application Outlook (Revenue – USD Billion, 2020-2034)
- Residential
- Commercial
- Utility
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Regional Analysis
North America:
North America holds a significant share of the solar tracker market, led by the U.S., which has aggressively deployed utility-scale solar projects. The Inflation Reduction Act and state-level renewable portfolio standards (RPS) continue to boost market growth.
Europe:
Europe is adopting advanced solar tracking technologies as part of its green transition strategy. Spain, Italy, and France are among the leading adopters due to strong solar irradiance and supportive policy frameworks such as feed-in tariffs and net metering.
Asia-Pacific:
The Asia-Pacific region is projected to be the fastest-growing market, primarily due to the expansion of solar infrastructure in China, India, and Australia. Government-led solar initiatives like India’s National Solar Mission and China’s “Solar PV Poverty Alleviation Program” contribute significantly to regional growth.
Latin America and Middle East & Africa:
These emerging markets are gaining traction owing to favorable sunlight conditions, ambitious national energy strategies, and increasing foreign investment in solar infrastructure. Countries such as Brazil, Chile, Saudi Arabia, and South Africa are investing heavily in solar energy, creating lucrative opportunities for solar tracker manufacturers.
Key Companies in the Solar Tracker Market
The solar tracker market is moderately consolidated with the presence of several global and regional players. Key companies focus on partnerships, acquisitions, and technological innovation to strengthen their market presence and cater to diverse regional requirements.
- NEXTracker Inc.
- A leader in single-axis trackers, NEXTracker holds a significant market share with a strong portfolio of utility-scale projects across North America and emerging markets.
- Array Technologies Inc.
- Known for its durable and simple tracking systems, Array Technologies provides solutions that withstand harsh environmental conditions and reduce lifetime operational costs.
- Soltec Power Holdings
- Based in Spain, Soltec is a major player in the European market and has been rapidly expanding in Latin America. It specializes in horizontal single-axis tracking systems optimized for large-scale installations.
- PV Hardware Solutions
- PV Hardware offers both single and dual-axis solutions and focuses on integrated systems that reduce installation time and increase compatibility with various PV modules.
- Arctech Solar
- Headquartered in China, Arctech Solar combines innovative design with AI-based solar tracking solutions to improve energy yield and reduce maintenance.
- Convert Italia (Enel Group)
- With a strong presence in Europe and Latin America, Convert Italia provides advanced tracking technologies as part of the Enel Group’s renewable portfolio.
These companies are investing in R&D to improve tracking accuracy, system durability, and AI-driven predictive maintenance systems. Additionally, the integration of IoT and cloud computing in tracking operations is opening new avenues for smart solar farms.
Market Trends and Opportunities
- AI and IoT Integration: The incorporation of AI and IoT technologies in solar tracking systems enhances real-time data collection, performance monitoring, and remote maintenance, boosting system efficiency and longevity.
- Hybrid Tracking Systems: A growing trend involves combining single-axis and dual-axis features for enhanced adaptability in diverse terrains and climates.
- Sustainability in Design: Companies are focusing on using recyclable materials and minimizing the carbon footprint of tracker components, aligning with global ESG goals.
- Energy Storage Integration: The coupling of solar trackers with battery energy storage systems (BESS) helps mitigate intermittency issues and ensures stable power supply, particularly in off-grid and remote locations.
Challenges in the Market
Despite promising growth, the market faces certain challenges:
- High Initial Costs: Dual-axis systems, while more efficient, are significantly more expensive than fixed or single-axis systems, limiting their adoption in cost-sensitive markets.
- Land Use Concerns: Tracker systems require large, unobstructed land areas, which may be difficult to procure in densely populated or agriculturally productive regions.
- Maintenance Requirements: Moving parts in tracking systems demand regular maintenance, which can be a concern in remote installations with limited technical expertise.
Solar Tracker Industry Developments
In October 2024, Trinasolar was awarded zero-carbon factory and zero-waste landfill certifications by TÜV Rheinland. The company stated that these achievements set new benchmarks for the solar industry and reinforce its commitment to sustainable development.
In September 2022, FTC Solar, Inc., a leading provider of solar tracker systems, software, and engineering solutions, launched Pioneer, an innovative module designed specifically for portrait (1P) solar tracker configurations.
Conclusion
The solar tracker market is rapidly evolving, driven by global decarbonization efforts, innovations in solar panel technology, and a growing focus on maximizing energy output through efficient photovoltaic systems. As nations scale up renewable energy integration, the demand for advanced tracking technologies is expected to soar.
With strategic investments, continued technological innovation, and policy support, the solar tracker market is set to play a pivotal role in shaping the future of solar energy.
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