Single-axis solar trackers improve energy capture by tracking the sun's movement along a single axis, usually east to west. With this dynamic adjustment, solar panels may stay at a more optimal angle to the light all day long compared to fixed-tilt systems. Single-axis trackers can considerably boost energy yield by constantly orienting the panels towards direct sunshine, often by 25-35%. While they are simpler to develop and more cost-effective than dual-axis trackers, they give a significant performance boost for utility-scale projects and big commercial installations.

Drivers: Population migration from rural to urban areas has increased as a result of increased employment, education, and other opportunities. However, as urbanisation continues, the need for electricity is expected to climb. Furthermore, since people's standard of life in cities has grown dramatically, their energy consumption has increased. To meet this increased demand for energy, the preference for renewable energy sources such as solar PV is increasing. As a result, the market revenue for single-axis solar trackers is expected to increase.

Challenges: Even though single-axis solar trackers have become more affordable overall, some prospective users may still find their initial costs prohibitive. Tracking system installation and purchase can come with a hefty upfront cost, particularly for small-scale and residential solar installations. Furthermore, these systems' complexity may lead to increased installation and maintenance expenses, which could turn off consumers on a tight budget. Addressing the cost-effectiveness of single-axis trackers is still essential to guaranteeing their widespread adoption, even though government incentives and subsidies help to some extent to reduce this difficulty.

Market Trends: The single-axis solar PV tracker market is set for strong growth due to more solar installations, government support for clean energy, and better tracking technology. Rising energy costs and environmental issues are boosting solar energy adoption. There are opportunities in new markets with high solar potential and in using advanced tracking algorithms to enhance energy output. Recent trends include creating cost-effective trackers, using artificial intelligence for optimization, and increasing demand for solar-plus-storage systems. These trends will likely help the market grow further in the future.

Abengoa, Arctech Solar, Array Technologies, Inc, Ideematec, MECASOLAR, Nextracker Inc, SOLTEC, SunPower Corporation, Trina Solar, and Valmont Industries, Inc are just a few of the major market players that are thoroughly examined in this market study along with revenue analysis, market segments, and competitive landscape data.

By Product: Based on the Product, North America Single Axis Solar Tracker Market is segmented as; Horizontal, Vertical.

By Application: Based on the Application, North America Single Axis Solar Tracker Market is segmented as; Residential, Commercial & Industrial, Utility.

By Region: This research also includes data for Canada, Mexico, United States.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.