North America Single Axis Solar Tracker Market Growth, Size, Trends Analysis - By Product, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
North America Single Axis Solar Tracker Market Growth, Size, Trends Analysis - By Product, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: May-2025 | Report ID: POAE2548 | Pages: 1 - 170 | Formats*: |
| Category : Power & Energy | |||
North America Single Axis Solar Tracker Market Introduction and Overview
According to SPER Market Research, the Global North America Single Axis Solar Tracker Market is estimated to reach USD 6.22 billion by 2034 with a CAGR of 4.83%.
The report includes an in-depth analysis of the North America Single Axis Solar Tracker Market, including market size and trends, product mix, Applications, and supplier analysis. The North American market for single axis solar trackers was valued at USD 3.88 billion in 2024 and is expected to increase at a compound annual growth rate (CAGR) of about 4.83% from 2025 to 2034. The industry statistics will be driven by the gradual transition from conventional to sustainable energy sources as well as national renewable integration targets meant to ensure environmental sustainability. The general business dynamics will be accelerated by supportive government policies encouraging the widespread use of solar power in tandem with the broad use of clean and sustainable energy sources.
By Product Insights:
The horizontal single axis solar tracker is anticipated to lead the market in 2024 based on product because of its increasing use in utility-scale projects and its capacity to greatly boost energy yield in comparison to fixed-tilt systems. In addition, technological developments that improve the product's efficacy and dependability as well as the levelized cost of energy (LCOE) will increase demand for it.
By Application Insights:
The utility single axis solar tracker market is expected to lead the industry in 2024 based on application. Industry statistics will be influenced by the ability to allow solar panels to track the sun's movement along a single axis, optimising the energy capture throughout the day in accordance with continuous improvements in solar tracking technology. The product penetration will increase as a result of increased attempts to combine these trackers with energy storage systems in order to improve grid stability and optimise energy management.
Regional Insights:
In 2024, the U.S. single-axis solar tracker market is anticipated to dominate due to its rich solar resource areas and emphasis on environmental sustainability. Growth will be accelerated in accordance with renewable energy targets through financial incentives, tax credits, and feed-in tariffs. Additionally, distributed solar energy is advancing significantly, with its generation surpassing that of utility installations since 2010. The growth of this market is mainly driven by strong policies like the solar Investment Tax Credit (ITC), decreasing costs, and rising demand for clean electricity.
Market Competitive Landscape:
The market for single-axis solar trackers in North America is somewhat fragmented. Nextracker Inc., Array Technologies Inc., Solar Flexrack, DCE Solar, and Valmont Industries, Inc. are a few of the top companies in the market. Contracts between companies and universities encourage collaborative research and development to enhance the functionality, design, and interoperability of single-axis solar trackers with other renewable energy systems. These partnerships make single-axis solar trackers more attractive to investors and customers by streamlining project development processes, reducing implementation costs, and enhancing overall project economics.
Recent Developments:
Nextracker's NX Horizon-XTM single-axis solar tracker, which maximises energy production in utility-scale solar installations, was introduced in 2023.
Ideematec and Parliament Solar signed an order in June 2023 for Ideematec's Horizon L:TEC 1P solar tracking system for a 640 MW solar project in Texas. With its revolutionary decoupled drive technology, this single-axis solar tracker helps the nation's transition to renewable energy by improving energy yields and system longevity.
cope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Product, By Application |
| Regions covered | Canada, Mexico, United States |
| Companies Covered | Abengoa, Arctech Solar, Array Technologies, Inc, Ideematec, MECASOLAR, Nextracker Inc, SOLTEC, SunPower Corporation, Trina Solar, Valmont Industries, Inc. |
Key Topics Covered in the Report:
- North America Single Axis Solar Tracker Market Size (FY’2021-FY’2034)
- Overview of North America Single Axis Solar Tracker Market
- Segmentation of North America Single Axis Solar Tracker Market By Product (Horizontal, Vertical)
- Segmentation of North America Single Axis Solar Tracker Market By Application (Residential, Commercial & Industrial, Utility)
- Statistical Snap of North America Single Axis Solar Tracker Market
- Expansion Analysis of North America Single Axis Solar Tracker Market
- Problems and Obstacles in North America Single Axis Solar Tracker Market
- Competitive Landscape in the North America Single Axis Solar Tracker Market
- Details on Current Investment in North America Single Axis Solar Tracker Market
- Competitive Analysis of North America Single Axis Solar Tracker Market
- Prominent Players in the North America Single Axis Solar Tracker Market
- SWOT Analysis of North America Single Axis Solar Tracker Market
- North America Single Axis Solar Tracker Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPER’s internal database
- 2.1.4. Premium insight from KOL’s
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTER’s Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
6. Competitive Landscape
- 6.1. North America Single Axis Solar Tracker Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Single Axis Solar Tracker Market
7. North America Single Axis Solar Tracker Market, By Product (USD Million) 2021-2034
- 7.1. Horizontal
- 7.2. Vertical
8. North America Single Axis Solar Tracker Market, By Application (USD Million) 2021-2034
- 8.1. Residential
- 8.2. Commercial & Industrial
- 8.3. Utility
9. North America Single Axis Solar Tracker Market, (USD Million) 2021-2034
- 9.1. North America Single Axis Solar Tracker Market Size and Market Share
10. North America Single Axis Solar Tracker Market, By Region, (USD Million) 2021-2034
- 10.1. Canada
- 10.2. Mexico
- 10.3. United States
11. Company Profile
- 11.1. Abengoa
- 11.1.1. Company details
- 11.1.2. Financial outlook
- 11.1.3. Product summary
- 11.1.4. Recent developments
- 11.2. Arctech Solar
- 11.2.1. Company details
- 11.2.2. Financial outlook
- 11.2.3. Product summary
- 11.2.4. Recent developments
- 11.3. Array Technologies, Inc
- 11.3.1. Company details
- 11.3.2. Financial outlook
- 11.3.3. Product summary
- 11.3.4. Recent developments
- 11.4. Ideematec
- 11.4.1. Company details
- 11.4.2. Financial outlook
- 11.4.3. Product summary
- 11.4.4. Recent developments
- 11.5. MECASOLAR
- 11.5.1. Company details
- 11.5.2. Financial outlook
- 11.5.3. Product summary
- 11.5.4. Recent developments
- 11.6. Nextracker Inc
- 11.6.1. Company details
- 11.6.2. Financial outlook
- 11.6.3. Product summary
- 11.6.4. Recent developments
- 11.7. SOLTEC
- 11.7.1. Company details
- 11.7.2. Financial outlook
- 11.7.3. Product summary
- 11.7.4. Recent developments
- 11.8. SunPower Corporation
- 11.8.1. Company details
- 11.8.2. Financial outlook
- 11.8.3. Product summary
- 11.8.4. Recent developments
- 11.9. Trina Solar
- 11.9.1. Company details
- 11.9.2. Financial outlook
- 11.9.3. Product summary
- 11.9.4. Recent developments
- 11.10. Valmont Industries, Inc
- 11.10.1. Company details
- 11.10.2. Financial outlook
- 11.10.3. Product summary
- 11.10.4. Recent developments
- 11.11. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
North America Single Axis Solar Tracker Market is projected to reach USD 6.22 billion by 2034, growing at a CAGR of of 4.83% during the forecast period.
North America Single Axis Solar Tracker Market grew in Market size from 2025. The Market is expected to reach USD 6.22 billion by 2034, at a CAGR of 4.83% during the forecast period.
North America Single Axis Solar Tracker Market CAGR of 4.83% during the forecast period.
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North America Single Axis Solar Tracker Market size is USD 6.22 billion from 2025 to 2034.
North America Single Axis Solar Tracker Market is covered By Product, By Application
The Canada, Mexico, United States is the highest Market share in the North America Single Axis Solar Tracker Market.
Abengoa, Arctech Solar, Array Technologies, Inc, Ideematec, MECASOLAR, Nextracker Inc, SOLTEC, SunPower Corporation, Trina Solar, Valmont Industries, Inc.
The report includes an in-depth analysis of the North America Single Axis Solar Tracker Market, including market size and trends, product mix, Applications, and supplier analysis.
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