
Study Period | 2019 - 2030 |
Market Size (2025) | USD 55.93 Billion |
Market Size (2030) | USD 146.28 Billion |
CAGR (2025 - 2030) | 21.20 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | North America |
Market Concentration | Medium |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
Solar Tracker Market Analysis
The Solar Tracker Market size is estimated at USD 55.93 billion in 2025, and is expected to reach USD 146.28 billion by 2030, at a CAGR of 21.2% during the forecast period (2025-2030).
The solar tracker industry is experiencing significant technological advancements and manufacturing capacity expansion globally. Major industry players are strategically establishing new production facilities to meet growing demand and optimize supply chains. For instance, in November 2022, Soltec and Enel Green Power España announced plans to jointly build a solar tracker factory in Teruel, Spain, demonstrating the industry's commitment to expanding manufacturing capabilities. Similarly, PV Hardware's new manufacturing facility in Jeddah is set to produce 8 GW of solar trackers annually, serving markets across the Middle East, Europe, Asia, and Australia. These developments highlight the industry's focus on establishing regional manufacturing hubs to reduce logistics costs and improve supply chain efficiency.
The integration of advanced technologies like artificial intelligence and machine learning is revolutionizing solar tracking system performance and maintenance. Modern solar tracking systems are incorporating sophisticated software solutions that enable predictive maintenance, optimize energy yield, and enhance overall system efficiency. For example, according to industry data, single-axis tracking systems can improve PV system efficiency by 25 to 35 percent compared to fixed systems. This technological evolution has led to increased adoption, particularly in utility-scale projects, with over 60% of all US utility-scale PV systems utilizing single-axis tracking by the end of 2021.
The industry is witnessing a significant shift toward localized manufacturing and supply chain optimization. In August 2022, Arctech formed a joint venture with Jash Energy and opened a solar tracker factory with an annual production capacity of 3 GW in Mundra, India, spanning more than 16 acres. This trend toward regional manufacturing hubs is driven by the need to reduce transportation costs, minimize supply chain disruptions, and meet local content requirements in various markets. The establishment of these facilities also contributes to job creation and economic development in host regions while ensuring more reliable supply chains.
The market is experiencing increased investment and funding support, reflecting growing confidence in solar tracking technology. According to the Solar Energy Industries Association (SEIA), the solar industry generated more than USD 33 billion in private investments in 2021, indicating strong financial backing for solar projects, including tracking systems. This investment momentum is further supported by government initiatives and policies promoting renewable energy adoption. For instance, China's commitment to solar development is evidenced by significant investments, with NEA reporting solar investments reaching RMB 29 billion (USD 4.4 billion) in just the first four months of 2022, demonstrating the strong financial foundation supporting market growth.
Solar Tracker Market Trends
Increasing Solar PV Installations Across the Globe
The rapid expansion of solar photovoltaic (PV) installations worldwide has become a significant driver for the solar tracker market, supported by increasing investments in renewable energy and favorable government policies. According to the International Renewable Energy Agency, the global cumulative installed solar PV capacity witnessed substantial growth of 22.4%, reaching 1,046.61 GW in 2022 from 855.16 GW in 2021. This remarkable growth in solar installations has created a strong demand for solar tracking systems, as they significantly enhance the power generation efficiency of solar panels. Solar trackers have proven to be particularly valuable for utility-scale installations, where their ability to increase energy yield by 25-35% for single-axis systems makes them an attractive investment despite the additional upfront costs.
The growing emphasis on maximizing solar power generation efficiency has led to increased adoption of solar tracking systems, particularly in utility-scale projects. Horizontal single-axis trackers (HSAT) have emerged as the preferred choice among developers, offering 20-30% more energy generation without the added complexity and costs associated with dual-axis systems. The technology's ability to enhance power output while maintaining relatively simple mechanics has made it especially appealing for large-scale solar installations. Furthermore, the declining costs of single-axis tracking systems have improved their economic viability, with the additional 50% cost over fixed systems being offset by the substantial increase in energy yield and shorter payback periods. This cost-benefit advantage has been particularly important for utility-scale projects, where even marginal improvements in efficiency can translate to significant gains in power generation capacity.
The increasing focus on renewable energy targets and sustainability goals has further accelerated the adoption of solar tracking mechanisms. A solar tracker's ability to optimize panel orientation throughout the day ensures maximum exposure to sunlight, resulting in more consistent and efficient power generation. This enhanced efficiency has become crucial for energy companies and governments facing the challenge of increasing power capacity for current and future projects. The ability of single-axis solar trackers to provide a capacity surge of 20-30% has created significant opportunities for manufacturers, as project developers seek to maximize the output of their solar installations while minimizing land use requirements. Additionally, the continuous technological advancements in tracking systems, including improved reliability and reduced maintenance requirements, have made them increasingly attractive for new solar installations across various scales.
Segment Analysis: Type
Single Axis Segment in Solar Tracker Market
The solar tracker segment, specifically the single-axis type, dominates the global solar tracking system market, commanding approximately 92% of the market share in 2024. This overwhelming market dominance can be attributed to several key factors, including their relatively low cost, less design complexity, and higher reliability compared to dual-axis systems. Single-axis trackers are available in several varieties depending on their tilt and alignment direction, including Horizontal Single-Axis Tracker (HSAT), Horizontal Tilted Single-Axis Tracker (HTSAT), Vertical Single-Axis Tracker (VSAT), and Vertical-Tilted Single-Axis Tracker (VTSAT). The HSAT configuration, which rotates from east to west throughout the day on a fixed axis parallel to the ground, is considered the most cost-effective tracker configuration in many PV applications. The segment's growth is further bolstered by increasing adoption in utility-scale solar projects worldwide, particularly in regions with high solar irradiation. Major manufacturers are continuously innovating in this space, developing advanced features such as improved backtracking algorithms and enhanced wind protection mechanisms, further solidifying the segment's market position.

Dual Axis Segment in Solar Tracker Market
The dual-axis tracker segment, while smaller in market share, represents a crucial component of the solar tracking mechanism market, particularly in applications requiring maximum energy yield. These systems can generate up to 40% more energy yield compared to stationary solar panel systems by collecting energy from the sun from north, south, east, and west angles. The technology operates through two axes—'primary' and 'secondary'—enabling movement from north to south as well as east to west. Despite their higher energy generation capability, dual-axis trackers face adoption challenges due to their proportionately higher costs compared to the extra power they produce. Additionally, they require more maintenance and face panel accessibility constraints, which typically limits their usage to specific residential and commercial applications where the additional energy yield justifies the increased investment and maintenance costs. The integration of a solar tracking controller and solar tracking actuator in these systems further enhances their precision and efficiency, although it adds to the overall cost.
Solar Tracker Market Geography Segment Analysis
Solar Tracker Market in North America
North America represents the dominant region in the global solar tracker market, holding approximately 75% of the solar tracker market share in 2024. The region's leadership position is primarily driven by the United States, which has demonstrated substantial commitment to utility-scale solar installations. The market benefits from advanced infrastructure, supportive government policies, and significant investments in renewable energy projects. The presence of major solar tracker companies and technological innovation hubs has further strengthened the region's position. Canada and Mexico complement the regional market with their growing focus on solar energy adoption and increasing utility-scale projects. The region's market is characterized by sophisticated solar tracking systems, high efficiency rates, and a strong emphasis on both single-axis and dual-axis tracking systems. The combination of favorable climatic conditions, vast land availability, and robust financial incentives continues to attract investments in utility-scale solar projects, thereby driving the demand for solar trackers.

Solar Tracker Market in Europe
The European solar tracker market has demonstrated remarkable growth, expanding at approximately 21% annually from 2019 to 2024. The region's market is driven by ambitious renewable energy targets and strong environmental policies across European Union member states. Countries like Germany, France, and the United Kingdom are leading the adoption of solar tracking technology, with an increasing focus on improving solar power generation efficiency. The market is characterized by innovative technological developments, particularly in smart tracking systems and bifacial module compatibility. European manufacturers are at the forefront of developing advanced tracking solutions that can withstand various weather conditions while maximizing energy yield. The region's emphasis on reducing carbon emissions and achieving energy independence has created a favorable environment for solar tracker installations. The market also benefits from strong research and development activities, resulting in more efficient and cost-effective tracking solutions.
Solar Tracker Market in Asia-Pacific
The Asia-Pacific solar tracker market is positioned for exceptional growth, with projections indicating an annual growth rate of approximately 26% from 2024 to 2029. The region's market dynamics are primarily shaped by China's dominant position in solar energy deployment and manufacturing capabilities. Countries like India, Japan, and Australia are also making significant strides in utility-scale solar installations. The market benefits from decreasing solar component costs, improving technology accessibility, and growing domestic manufacturing capabilities. Local governments' commitment to renewable energy adoption and carbon emission reduction has created a strong foundation for market expansion. The region's diverse geographical conditions have led to the development of specialized tracking solutions suitable for various terrains and weather conditions. The combination of large-scale solar projects, improving grid infrastructure, and increasing energy demand continues to drive the adoption of solar tracking systems across the region.
Solar Tracker Market in Middle East & Africa
The Middle East and Africa region presents significant untapped potential in the solar tracker market, benefiting from excellent solar resources and increasing investments in renewable energy infrastructure. The United Arab Emirates, Saudi Arabia, and Egypt are emerging as key markets, driven by ambitious renewable energy targets and large-scale solar projects. The region's market is characterized by growing adoption of utility-scale installations, particularly in desert areas with high solar irradiance. Countries are increasingly recognizing the value of solar trackers in maximizing energy yield from their solar investments. The market is witnessing growing interest from international manufacturers and technology providers, leading to improved access to advanced tracking solutions. The combination of vast land availability, optimal solar conditions, and increasing government support for renewable energy projects positions the region for substantial growth in solar tracker adoption.
Solar Tracker Market in South America
The South American solar tracker market is experiencing steady growth, driven primarily by Brazil's expanding solar energy sector and Chile's ambitious renewable energy goals. The region's market is characterized by increasing utility-scale solar installations and growing awareness of the benefits of tracking systems in maximizing solar power generation. Countries are leveraging their abundant solar resources and large land availability to develop significant solar power projects. The market benefits from an improving investment climate, supportive regulatory frameworks, and growing interest from international solar technology providers. Local manufacturing capabilities are gradually developing, helping reduce implementation costs and improve accessibility to tracking solutions. The region's diverse geographical conditions, from desert areas to high-altitude locations, have led to the adoption of varied tracking solutions suitable for different environmental conditions. The combination of increasing energy demand, falling solar technology costs, and growing environmental awareness continues to drive the market's development.
Solar Tracker Industry Overview
Top Companies in Solar Tracker Market
The solar tracker market features established players like Soltec Power Holdings, Array Technologies, Arctech Solar, Nextracker, and Valmont Industries leading the industry through continuous innovation and strategic expansion. Companies are increasingly focusing on developing advanced tracking solutions incorporating artificial intelligence and machine learning capabilities to optimize performance and energy generation. The industry has witnessed significant product launches, including self-powered trackers, software-integrated systems, and solutions specifically designed for challenging terrains and weather conditions. Market leaders are expanding their manufacturing footprint globally while simultaneously strengthening their service networks through strategic partnerships and collaborations. There is also a growing emphasis on developing trackers for specialized applications like rooftops, carports, agrivoltaics, and floating solar installations, demonstrating the industry's commitment to innovation and market expansion.
Dynamic Market with Strong Regional Players
The solar tracker market exhibits a mix of global conglomerates and specialized manufacturers, with different players dominating various regional markets. The industry structure is characterized by the presence of both vertically integrated companies that handle manufacturing, installation, and maintenance, as well as specialized firms focusing solely on solar tracking technology development. The market has witnessed significant consolidation through strategic acquisitions, such as Array Technologies' acquisition of STI Norland, which has reshaped competitive dynamics and expanded geographical reach.
The competitive landscape is further shaped by strong regional players who leverage their local market knowledge and established relationships with solar project developers. Market participants are increasingly entering into strategic partnerships and supply agreements with major solar project developers and EPC contractors to secure long-term business opportunities. The industry has also seen the emergence of new entrants bringing innovative technologies, though established players maintain their dominance through their extensive experience, proven track record, and comprehensive service offerings.
Innovation and Service Excellence Drive Success
Success in the solar tracker market increasingly depends on companies' ability to offer comprehensive solutions that combine advanced technology with robust after-sales support. Incumbent players are strengthening their market position by investing in research and development to improve tracker efficiency, reduce installation complexity, and lower maintenance requirements. Companies are also focusing on developing region-specific solutions that address local weather conditions, terrain challenges, and regulatory requirements, while simultaneously building strong local service networks.
For contenders looking to gain market share, differentiation through technological innovation and cost-effective solutions remains crucial. The industry's future success factors include the ability to offer integrated solutions that combine hardware with smart software capabilities, provide comprehensive project support from design to maintenance, and maintain strong relationships with key stakeholders in the solar energy ecosystem. Companies must also navigate the evolving regulatory landscape, particularly regarding environmental standards and local content requirements, while maintaining competitive pricing in a market where buyers increasingly seek long-term partnerships rather than one-time transactions. Leading solar tracker companies are focusing on these aspects to ensure sustained growth and market leadership.
Solar Tracker Market Leaders
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NexTracker Inc.
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Array Technologies Inc.
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PV Hardware Solutions S.L.U.
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Soltec Power Holdings SA
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Arctech Solar Holding Co. Ltd
- *Disclaimer: Major Players sorted in no particular order

Solar Tracker Market News
- In April 2024, Soltec announced the launch of its new solar tracker, SFOneX. The system has the longest dual-row system with a length of 125 meters. Due to its terrain adaptability, the tracker can adapt to various types of projects, minimizing the need for civil works resulting in a reduction in costs and associated environmental impact.
- In April 2024, GameChange Solar (GCS), a global supplier of single-axis solar tracking solutions for ground-mounted PV plants, announced a strategic partnership with Jiangsu Zhenjiang New Energy Equipment Co. Ltd. (JZNEE), a China-based listed company to enhance local manufacturing capabilities for solar tracker components in the Middle East.
Solar Tracker Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Scope of the Study
- 1.2 Market Definiton
- 1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
- 4.1 Introduction
- 4.2 Market Size and Demand Forecast in USD, till 2029
- 4.3 Recent Trends and Developments
- 4.4 Government Policies and Regulations
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4.5 Market Dynamics
- 4.5.1 Drivers
- 4.5.1.1 Increasing Solar PV Installations
- 4.5.2 Restraints
- 4.5.2.1 High Initial Investment
- 4.6 Supply Chain Analysis
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4.7 Porter's Five Forces Analysis
- 4.7.1 Bargaining Power of Suppliers
- 4.7.2 Bargaining Power of Consumers
- 4.7.3 Threat of New Entrants
- 4.7.4 Threat of Substitute Products and Services
- 4.7.5 Intensity of Competitive Rivalry
5. Market Segmentation
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5.1 Axis Type
- 5.1.1 Single Axis
- 5.1.2 Dual Axis
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5.2 Geography
- 5.2.1 North America
- 5.2.1.1 United States
- 5.2.1.2 Mexico
- 5.2.1.3 Rest of North America
- 5.2.2 Europe
- 5.2.2.1 Germany
- 5.2.2.2 France
- 5.2.2.3 United Kingdom
- 5.2.2.4 Italy
- 5.2.2.5 Spain
- 5.2.2.6 NORDIC
- 5.2.2.7 Turkey
- 5.2.2.8 Russia
- 5.2.2.9 Rest of Europe
- 5.2.3 Asia-Pacific
- 5.2.3.1 China
- 5.2.3.2 India
- 5.2.3.3 Japan
- 5.2.3.4 South Korea
- 5.2.3.5 Malaysia
- 5.2.3.6 Thailand
- 5.2.3.7 Indonesia
- 5.2.3.8 Vietnam
- 5.2.3.9 Rest of Asia-Pacific
- 5.2.4 Middle-East and Africa
- 5.2.4.1 Saudi Arabia
- 5.2.4.2 United Arab Emirates
- 5.2.4.3 South Africa
- 5.2.4.4 Qatar
- 5.2.4.5 Nigeria
- 5.2.4.6 Egypt
- 5.2.4.7 Rest of Middle East and Africa
- 5.2.5 South America
- 5.2.5.1 Brazil
- 5.2.5.2 Colombia
- 5.2.5.3 Chile
- 5.2.5.4 Rest of South America
6. Competitive Landscape
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Strategies Adopted by Leading Players
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6.3 Company Profiles
- 6.3.1 Soltec Power Holdings SA
- 6.3.2 Arctech Solar Holdings Co Ltd.
- 6.3.3 Meca Solar
- 6.3.4 Ideematec Deutschland GmbH
- 6.3.5 Nextracker Inc.
- 6.3.6 Trina Solar
- 6.3.7 Valmont Industries Inc.
- 6.3.8 PV Hardware Solutions S.L.U.
- 6.3.9 Solar Flexrack
- 6.3.10 Array Technologies Inc.
- *List Not Exhaustive
- 6.4 List of Other Prominent Companies (Company Name, Headquarter, Relevant Products & Services, Contact Details, etc.)
- 6.5 Market Ranking Analysis
7. Market Opportunities and Future Trends
- 7.1 Increasing Power Demand
Solar Tracker Industry Segmentation
A solar tracking system maximizes the solar system's electricity production by refocusing the panels to follow the sun throughout the day. It optimizes the angle at which the panels receive solar radiation. Typically, solar trackers are used for ground-mounted solar panels and large free-standing solar installations.
The solar tracker market is segmented by Axis Type and Geography. By axis type, the market is segmented into Single Axis and Dual Axis. The report also covers the market size and forecasts for the market across major regions The report offers the market size and forecasts for solar trackers in revenue (USD) for all the above segments.
Axis Type | Single Axis | ||
Dual Axis | |||
Geography | North America | United States | |
Mexico | |||
Rest of North America | |||
Europe | Germany | ||
France | |||
United Kingdom | |||
Italy | |||
Spain | |||
NORDIC | |||
Turkey | |||
Russia | |||
Rest of Europe | |||
Asia-Pacific | China | ||
India | |||
Japan | |||
South Korea | |||
Malaysia | |||
Thailand | |||
Indonesia | |||
Vietnam | |||
Rest of Asia-Pacific | |||
Middle-East and Africa | Saudi Arabia | ||
United Arab Emirates | |||
South Africa | |||
Qatar | |||
Nigeria | |||
Egypt | |||
Rest of Middle East and Africa | |||
South America | Brazil | ||
Colombia | |||
Chile | |||
Rest of South America |
Solar Tracker Market Research FAQs
How big is the Solar Tracker Market?
The Solar Tracker Market size is expected to reach USD 55.93 billion in 2025 and grow at a CAGR of 21.20% to reach USD 146.28 billion by 2030.
What is the current Solar Tracker Market size?
In 2025, the Solar Tracker Market size is expected to reach USD 55.93 billion.
Who are the key players in Solar Tracker Market?
NexTracker Inc., Array Technologies Inc., PV Hardware Solutions S.L.U., Soltec Power Holdings SA and Arctech Solar Holding Co. Ltd are the major companies operating in the Solar Tracker Market.
Which is the fastest growing region in Solar Tracker Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Solar Tracker Market?
In 2025, the North America accounts for the largest market share in Solar Tracker Market.
What years does this Solar Tracker Market cover, and what was the market size in 2024?
In 2024, the Solar Tracker Market size was estimated at USD 44.07 billion. The report covers the Solar Tracker Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Solar Tracker Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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