Solar Tracker Market Share and Growth Investment 2034
Global Solar Tracker Market Growth, Size, Trends Analysis - By Product, By Technology, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Nov-2025 | Report ID: POAE25183 | Pages: 1 - 262 | Formats*: |
| Category : Power & Energy | |||
Global Solar Tracker Market Introduction and Overview
According to SPER Market Research, the Global Solar Tracker Market is estimated to reach USD 73.91 billion by 2034 with a CAGR of 26.48%.
The report includes an in-depth analysis of the Global Solar Tracker Market, including market size and trends, product mix, Applications, and supplier analysis. The Global Solar Tracker Market was valued at USD 7.05 billion in 2024, and it is expected to rise at a 26.48% CAGR from 2025 to 2034. The global focus on renewable energy and decreasing carbon emissions is driving up demand for solar trackers market. Solar trackers boost electricity generation by adjusting panel alignment to the sun, making solar power more efficient and cost-effective. Falling solar module prices, government incentives, and renewable energy standards all help to drive adoption. Furthermore, with utility-scale solar projects and the growing usage of bifacial and high-capacity PV modules, trackers are critical for maximizing energy output, improving land-use efficiency, and raising overall project returns.
By Product Insights
Single-axis solar trackers segment dominated the market in 2024 with significant revenue share, owing to their low cost and ease of use. Single-axis trackers spin panels along a single horizontal or vertical axis, simplifying installation and alignment. Their simpler design lowers upfront capital costs, decreases maintenance requirements, and shortens project timetables, which is especially beneficial for utility-scale solar farms. Single-axis trackers provide slightly smaller energy gains than dual-axis systems, but they strike the best balance of performance and cost. This combination of low cost, ease of implementation, and consistent energy output has cemented their leadership position in the worldwide solar tracker market.
By Technology Insights
The Photovoltaic (PV) category will account for the majority of the Solar Tracker Market in 2024 due to its widespread acceptance and high potential for generating power from sunshine. PV systems work well with solar trackers, which improve energy output by constantly adjusting the panels' angle to follow the sun's path. When compared to fixed-tilt systems, this dynamic alignment improves efficiency and increases electricity generation. The simplicity of integration with single- and dual-axis trackers, combined with falling PV module costs and rising global demand for clean energy, confirms the PV segment's dominance, making it the primary driver of solar tracker adoption around the world.
By Application Insights
In 2024, The Utility category dominated the Global Solar Tracker Market, owing to the increasing construction of large-scale solar farms. Trackers are particularly useful for utility-scale projects because they increase energy yield by altering panel placements to follow the sun's movement, optimizing power generation per unit area. The scale of these projects enables the cost-effective deployment of single- or dual-axis trackers, making them economically viable. Supportive government regulations, renewable energy targets, and lower solar module costs all encourage utilities to implement tracking systems. As a result, the utilities segment remains the major application area, influencing market growth and technological advancements.
Regional Insights
North America, particularly the United States, dominated the global solar tracker market in 2024 due to the strong government backing, technology innovation, and large-scale solar deployments. Federal and state incentives, tax credits, and renewable energy standards have boosted investment in high-efficiency solar systems, making trackers more financially appealing. The region also has a mature solar sector with well-established supply chains, experienced workforce, and advanced manufacturing capabilities, allowing tracker technologies to be deployed rapidly. Furthermore, the preference for utility-scale solar farms, where trackers give significant energy yield advantages over fixed-tilt systems, contributes to market domination.
Market Competitive Landscape
The Global Solar Tracker Market is highly competitive, with players aiming to provide new, efficient, and long-lasting systems that maximize energy output. To improve panel alignment and performance, leading players are investing in innovative technologies such as intelligent trackers, smart control systems, and weather-adaptive mechanisms. Arctech Solar has built a solid position with its sophisticated trackers and superior fixed-tilt structures, focusing on innovation and large-scale manufacturing capabilities. Similarly, Scorpius Trackers prioritizes strong, long-lasting designs that improve system reliability and efficiency. Overall, market competition is focused on technology innovation, operational reliability, low maintenance requirements, and strategic geographical expansion to fulfill rising global solar demand.
Recent Developments:
In January 2025, Arctech Solar partnered with Power China to supply its SkyLine II single-axis trackers for the 1.5 GW Al Ajban project in the UAE, supporting the country’s zero-emission Energy Strategy 2050 and providing green electricity for around 160,000 households while cutting 2.4 million tonnes of carbon annually.
In January 2025, GameChange Solar evaluated its Genius Tracker system to ensure compliance with NERC CIP supply chain standards, emphasizing robust design and comprehensive technical documentation for secure and reliable operations.
In January 2023, Hindware Home Innovation and Group Atlantic launched a solar tracker manufacturing plant in India, investing USD 25.62 million to produce heating appliances and water heaters, strengthening their domestic presence.
Scope 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 Technology, By Application |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | All Earth Renewables, ArcelorMittal, Arctech, Array Technologies, Convert Italia, Degerenergie, GameChange Solar, Gonvarri Solar Steel, Nextracker, Scorpius Trackers |
Key Topics Covered in the Report
- Global Solar Tracker Market Size (FY’2021-FY’2034)
- Overview of Global Solar Tracker Market
- Segmentation of Global Solar Tracker Market By Product (Single axis, Double axis)
- Segmentation of Global Solar Tracker Market By Technology (PV, CSP)
- Segmentation of Global Solar Tracker Market By Application (Residential, Commercial & Industrial, Utility)
- Statistical Snap of Global Solar Tracker Market
- Expansion Analysis of Global Solar Tracker Market
- Problems and Obstacles in Global Solar Tracker Market
- Competitive Landscape in the Global Solar Tracker Market
- Details on Current Investment in Global Solar Tracker Market
- Competitive Analysis of Global Solar Tracker Market
- Prominent Players in the Global Solar Tracker Market
- SWOT Analysis of Global Solar Tracker Market
- Global Solar Tracker Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1.Introduction
1.1.Scope of the report1.2.Market segment analysis
2.Research Methodology
2.1.Research data source
2.1.1.Secondary Data2.1.2.Primary Data2.1.3.SPERs internal database2.1.4.Premium insight from KOLs
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.Drivers4.1.2.Restraints4.1.3.Opportunities4.1.4.Challenges
5.Market variable and outlook
5.1.SWOT Analysis
5.1.1.Strengths5.1.2.Weaknesses5.1.3.Opportunities5.1.4.Threats
5.2.PESTEL Analysis
5.2.1.Political Landscape5.2.2.Economic Landscape5.2.3.Social Landscape5.2.4.Technological Landscape5.2.5.Environmental Landscape5.2.6.Legal Landscape
5.3.PORTERs Five Forces
5.3.1.Bargaining power of suppliers5.3.2.Bargaining power of buyers5.3.3.Threat of Substitute5.3.4.Threat of new entrant5.3.5.Competitive rivalry
5.4.Heat Map Analysis
6.Competitive Landscape
6.1.Global Solar Tracker Market Manufacturing Base Distribution, Sales Area, Product Type6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Solar Tracker Market
7.Global Solar Tracker Market, By Product (USD Million) 2021-2034
7.1.Single axis7.1.1.Horizontal7.1.2.Vertical7.2.Dual axis
8.Global Solar Tracker Market, By Technology (USD Million) 2021-2034
8.1.PV8.2.CSP
9.Global Solar Tracker Market, By Application (USD Million) 2021-2034
9.1.Residential9.2.Commercial & Industrial9.3.Utility
10.Global Solar Tracker Market, (USD Million) 2021-2034
10.1.Global Solar Tracker Market Size and Market Share
11.Global Solar Tracker Market, By Region, (USD Million) 2021-2034
11.1.Asia-Pacific
11.1.1.Australia11.1.2.China11.1.3.India11.1.4.Japan11.1.5.South Korea11.1.6.Rest of Asia-Pacific
11.2.Europe
11.2.1.France11.2.2.Germany11.2.3.Italy11.2.4.Spain11.2.5.United Kingdom11.2.6.Rest of Europe
11.3.Middle East and Africa
11.3.1.Kingdom of Saudi Arabia11.3.2.United Arab Emirates11.3.3.Qatar11.3.4.South Africa11.3.5.Egypt11.3.6.Morocco11.3.7.Nigeria11.3.8.Rest of Middle-East and Africa
11.4.North America
11.4.1.Canada11.4.2.Mexico11.4.3.United States
11.5.Latin America
11.5.1.Argentina11.5.2.Brazil11.5.3.Rest of Latin America
12.Company Profile
12.1.All Earth Renewables
12.1.1.Company details12.1.2.Financial outlook12.1.3.Product summary12.1.4.Recent developments
12.2.ArcelorMittal
12.2.1.Company details12.2.2.Financial outlook12.2.3.Product summary12.2.4.Recent developments
12.3.Arctech
12.3.1.Company details12.3.2.Financial outlook12.3.3.Product summary12.3.4.Recent developments
12.4.Array Technologies
12.4.1.Company details12.4.2.Financial outlook12.4.3.Product summary12.4.4.Recent developments
12.5.Convert Italia
12.5.1.Company details12.5.2.Financial outlook12.5.3.Product summary12.5.4.Recent developments
12.6.Degerenergie
12.6.1.Company details12.6.2.Financial outlook12.6.3.Product summary12.6.4.Recent developments
12.7. GameChange Solar
12.7.1.Company details12.7.2.Financial outlook12.7.3.Product summary12.7.4.Recent developments
12.8.Gonvarri Solar Steel
12.8.1.Company details12.8.2.Financial outlook12.8.3.Product summary12.8.4.Recent developments
12.9.Nextracker
12.9.1.Company details12.9.2.Financial outlook12.9.3.Product summary12.9.4.Recent developments
12.10.Scorpius Trackers
12.10.1.Company details12.10.2.Financial outlook12.10.3.Product summary12.10.4.Recent developments
12.11.Others
13.Conclusion
14.List of Abbreviations
15.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
Solar Tracker Market is projected to reach USD 73.91 billion by 2034, growing at a CAGR of 26.48% during the forecast period.
Solar Tracker Market size from 2025. The Market is expected to reach USD 73.91 billion by 2034, at a CAGR of 26.48% during the forecast period.
Solar Tracker Market CAGR of 26.48% during the forecast period.
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Solar Tracker Market size is USD 73.91 billion from 2025 to 2034.
Solar Tracker Market covered By Product, By Technology, By Application
The North America is anticipated to have the highest Market share in the Solar Tracker Market.
All Earth Renewables, ArcelorMittal, Arctech, Array Technologies, Convert Italia, Degerenergie, GameChange Solar, Gonvarri Solar Steel, Nextracker, Scorpius Trackers
The report includes an in-depth analysis of the Global Solar Tracker Market, including market size and trends, product mix, Applications, and supplier analysis.
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