Global Single Axis Solar PV Tracker Market 2025-2029

Description

List of Tables

The single axis solar PV tracker market is forecasted to grow by USD 13,709.8 mn during 2024-2029, accelerating at a CAGR of 20.3% during the forecast period. The report on the single axis solar PV tracker market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by declining costs of solar power generation, supportive government policies and regulations, and rise in solar PV panel installations.

Market Scope
Base Year	2025
End Year	2029
Series Year	2025-2029
Growth Momentum	Accelerate
YOY 2025	18.1%
CAGR	20.3%
Incremental Value	$13,709.8 mn

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's single axis solar PV tracker market is segmented as below:

By Application

Utility
Distributed generation

By Type

Horizontal type
Vertical type

By Technology

Photovoltaic
Concentrated solar power
Concentrator photovoltaic

By Geographical Landscape

North America
Europe
APAC
South America
Middle East and Africa

This study identifies the increased adoption of microgrids as one of the prime reasons driving the single axis solar PV tracker market growth during the next few years. Also, increasing conversion efficiency of solar pvs and development of smart cities will lead to sizable demand in the market.

The report on the single axis solar PV tracker market covers the following areas:

Single Axis Solar PV Tracker Market sizing
Single Axis Solar PV Tracker Market forecast
Single Axis Solar PV Tracker Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading single axis solar PV tracker market vendors that include ArcelorMittal SA, Arctech Solar Holding Co. Ltd., Array Technologies Inc., First Solar Inc., GameChange Solar, Gensol Engineering Ltd., Grupo Gransolar SL, Haosolar Co. Ltd., IDEEMATEC Germany GmbH, MECANIZADOS SOLARES SL, NEXtracker Inc, NOV Inc., PV Hardware Solutions, SLU, Soltec Energias Renovables SL, Sun Action Trackers, Terrasmart., Trina Solar Co. Ltd., and Valmont Industries Inc.. Also, the single axis solar PV tracker market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR41547

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Technology
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Technavio Analysis

2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
- Overview on factors of disruption
2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029

3 Market Landscape

3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
3.2 Market characteristics
- Market characteristics analysis
3.3 Value chain analysis
- Value chain analysis

4 Market Sizing

4.1 Market definition
- Offerings of companies included in the market definition
4.2 Market segment analysis
- Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ million)
- Data Table on Global - Market size and forecast 2024-2029 ($ million)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)

5 Historic Market Size

5.1 Global Single Axis Solar PV Tracker Market 2019 - 2023
- Historic Market Size - Data Table on Global Single Axis Solar PV Tracker Market 2019 - 2023 ($ million)
5.2 Application segment analysis 2019 - 2023
- Historic Market Size - Application Segment 2019 - 2023 ($ million)
5.3 Type segment analysis 2019 - 2023
- Historic Market Size - Type Segment 2019 - 2023 ($ million)
5.4 Technology segment analysis 2019 - 2023
- Historic Market Size - Technology Segment 2019 - 2023 ($ million)
5.5 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ million)
5.6 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ million)

6 Qualitative Analysis

6.1 The AI impact on Global Single Axis Solar PV Tracker Market

7 Five Forces Analysis

7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029

8 Market Segmentation by Application

8.1 Market segments
- Chart on Application - Market share 2024-2029 (%)
- Data Table on Application - Market share 2024-2029 (%)
8.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
8.3 Utility - Market size and forecast 2024-2029
- Chart on Utility - Market size and forecast 2024-2029 ($ million)
- Data Table on Utility - Market size and forecast 2024-2029 ($ million)
- Chart on Utility - Year-over-year growth 2024-2029 (%)
- Data Table on Utility - Year-over-year growth 2024-2029 (%)
8.4 Distributed generation - Market size and forecast 2024-2029
- Chart on Distributed generation - Market size and forecast 2024-2029 ($ million)
- Data Table on Distributed generation - Market size and forecast 2024-2029 ($ million)
- Chart on Distributed generation - Year-over-year growth 2024-2029 (%)
- Data Table on Distributed generation - Year-over-year growth 2024-2029 (%)
8.5 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)

9 Market Segmentation by Type

9.1 Market segments
- Chart on Type - Market share 2024-2029 (%)
- Data Table on Type - Market share 2024-2029 (%)
9.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
9.3 Horizontal type - Market size and forecast 2024-2029
- Chart on Horizontal type - Market size and forecast 2024-2029 ($ million)
- Data Table on Horizontal type - Market size and forecast 2024-2029 ($ million)
- Chart on Horizontal type - Year-over-year growth 2024-2029 (%)
- Data Table on Horizontal type - Year-over-year growth 2024-2029 (%)
9.4 Vertical type - Market size and forecast 2024-2029
- Chart on Vertical type - Market size and forecast 2024-2029 ($ million)
- Data Table on Vertical type - Market size and forecast 2024-2029 ($ million)
- Chart on Vertical type - Year-over-year growth 2024-2029 (%)
- Data Table on Vertical type - Year-over-year growth 2024-2029 (%)
9.5 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)

10 Market Segmentation by Technology

10.1 Market segments
- Chart on Technology - Market share 2024-2029 (%)
- Data Table on Technology - Market share 2024-2029 (%)
10.2 Comparison by Technology
- Chart on Comparison by Technology
- Data Table on Comparison by Technology
10.3 Photovoltaic - Market size and forecast 2024-2029
- Chart on Photovoltaic - Market size and forecast 2024-2029 ($ million)
- Data Table on Photovoltaic - Market size and forecast 2024-2029 ($ million)
- Chart on Photovoltaic - Year-over-year growth 2024-2029 (%)
- Data Table on Photovoltaic - Year-over-year growth 2024-2029 (%)
10.4 Concentrated solar power - Market size and forecast 2024-2029
- Chart on Concentrated solar power - Market size and forecast 2024-2029 ($ million)
- Data Table on Concentrated solar power - Market size and forecast 2024-2029 ($ million)
- Chart on Concentrated solar power - Year-over-year growth 2024-2029 (%)
- Data Table on Concentrated solar power - Year-over-year growth 2024-2029 (%)
10.5 Concentrator photovoltaic - Market size and forecast 2024-2029
- Chart on Concentrator photovoltaic - Market size and forecast 2024-2029 ($ million)
- Data Table on Concentrator photovoltaic - Market size and forecast 2024-2029 ($ million)
- Chart on Concentrator photovoltaic - Year-over-year growth 2024-2029 (%)
- Data Table on Concentrator photovoltaic - Year-over-year growth 2024-2029 (%)
10.6 Market opportunity by Technology
- Market opportunity by Technology ($ million)
- Data Table on Market opportunity by Technology ($ million)

11 Customer Landscape

11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

12 Geographic Landscape

12.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2024-2029 (%)
- Data Table on Market share By Geographical Landscape 2024-2029 (%)
12.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
12.3 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ million)
- Data Table on North America - Market size and forecast 2024-2029 ($ million)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
12.4 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ million)
- Data Table on Europe - Market size and forecast 2024-2029 ($ million)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
12.5 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ million)
- Data Table on APAC - Market size and forecast 2024-2029 ($ million)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
12.6 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ million)
- Data Table on South America - Market size and forecast 2024-2029 ($ million)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
12.7 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
12.8 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ million)
- Data Table on US - Market size and forecast 2024-2029 ($ million)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
12.9 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ million)
- Data Table on Germany - Market size and forecast 2024-2029 ($ million)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
12.10 Spain - Market size and forecast 2024-2029
- Chart on Spain - Market size and forecast 2024-2029 ($ million)
- Data Table on Spain - Market size and forecast 2024-2029 ($ million)
- Chart on Spain - Year-over-year growth 2024-2029 (%)
- Data Table on Spain - Year-over-year growth 2024-2029 (%)
12.11 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ million)
- Data Table on India - Market size and forecast 2024-2029 ($ million)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
12.12 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ million)
- Data Table on Canada - Market size and forecast 2024-2029 ($ million)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
12.13 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ million)
- Data Table on France - Market size and forecast 2024-2029 ($ million)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
12.14 Italy - Market size and forecast 2024-2029
- Chart on Italy - Market size and forecast 2024-2029 ($ million)
- Data Table on Italy - Market size and forecast 2024-2029 ($ million)
- Chart on Italy - Year-over-year growth 2024-2029 (%)
- Data Table on Italy - Year-over-year growth 2024-2029 (%)
12.15 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ million)
- Data Table on China - Market size and forecast 2024-2029 ($ million)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
12.16 The Netherlands - Market size and forecast 2024-2029
- Chart on The Netherlands - Market size and forecast 2024-2029 ($ million)
- Data Table on The Netherlands - Market size and forecast 2024-2029 ($ million)
- Chart on The Netherlands - Year-over-year growth 2024-2029 (%)
- Data Table on The Netherlands - Year-over-year growth 2024-2029 (%)
12.17 Brazil - Market size and forecast 2024-2029
- Chart on Brazil - Market size and forecast 2024-2029 ($ million)
- Data Table on Brazil - Market size and forecast 2024-2029 ($ million)
- Chart on Brazil - Year-over-year growth 2024-2029 (%)
- Data Table on Brazil - Year-over-year growth 2024-2029 (%)
12.18 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)

13 Drivers, Challenges, and Opportunity/Restraints

13.1 Market drivers
13.2 Market challenges
13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
13.4 Market opportunities/restraints

14 Competitive Landscape

14.1 Overview
14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
14.3 Landscape disruption
- Overview on factors of disruption
14.4 Industry risks
- Impact of key risks on business

15 Competitive Analysis

15.1 Companies profiled
- Companies covered
15.2 Company ranking index
- Company ranking index
15.3 Market positioning of companies
- Matrix on companies position and classification
15.4 ArcelorMittal SA
- ArcelorMittal SA - Overview
- ArcelorMittal SA - Business segments
- ArcelorMittal SA - Key news
- ArcelorMittal SA - Key offerings
- ArcelorMittal SA - Segment focus
- SWOT
15.5 Arctech Solar Holding Co. Ltd.
- Arctech Solar Holding Co. Ltd. - Overview
- Arctech Solar Holding Co. Ltd. - Product / Service
- Arctech Solar Holding Co. Ltd. - Key offerings
- SWOT
15.6 Array Technologies Inc.
- Array Technologies Inc. - Overview
- Array Technologies Inc. - Product / Service
- Array Technologies Inc. - Key offerings
- SWOT
15.7 GameChange Solar
- GameChange Solar - Overview
- GameChange Solar - Product / Service
- GameChange Solar - Key offerings
- SWOT
15.8 Gensol Engineering Ltd.
- Gensol Engineering Ltd. - Overview
- Gensol Engineering Ltd. - Product / Service
- Gensol Engineering Ltd. - Key offerings
- SWOT
15.9 Grupo Gransolar SL
- Grupo Gransolar SL - Overview
- Grupo Gransolar SL - Product / Service
- Grupo Gransolar SL - Key offerings
- SWOT
15.10 IDEEMATEC Germany GmbH
- IDEEMATEC Germany GmbH - Overview
- IDEEMATEC Germany GmbH - Product / Service
- IDEEMATEC Germany GmbH - Key offerings
- SWOT
15.11 MECANIZADOS SOLARES SL
- MECANIZADOS SOLARES SL - Overview
- MECANIZADOS SOLARES SL - Product / Service
- MECANIZADOS SOLARES SL - Key offerings
- SWOT
15.12 NEXtracker Inc
- NEXtracker Inc - Overview
- NEXtracker Inc - Product / Service
- NEXtracker Inc - Key offerings
- SWOT
15.13 NOV Inc.
- NOV Inc. - Overview
- NOV Inc. - Business segments
- NOV Inc. - Key news
- NOV Inc. - Key offerings
- NOV Inc. - Segment focus
- SWOT
15.14 PV Hardware Solutions, SLU
- PV Hardware Solutions, SLU - Overview
- PV Hardware Solutions, SLU - Product / Service
- PV Hardware Solutions, SLU - Key offerings
- SWOT
15.15 Soltec Energias Renovables SL
- Soltec Energias Renovables SL - Overview
- Soltec Energias Renovables SL - Product / Service
- Soltec Energias Renovables SL - Key offerings
- SWOT
15.16 Terrasmart.
- Terrasmart. - Overview
- Terrasmart. - Product / Service
- Terrasmart. - Key offerings
- SWOT
15.17 Trina Solar Co. Ltd.
- Trina Solar Co. Ltd. - Overview
- Trina Solar Co. Ltd. - Product / Service
- Trina Solar Co. Ltd. - Key news
- Trina Solar Co. Ltd. - Key offerings
- SWOT
15.18 Valmont Industries Inc.
- Valmont Industries Inc. - Overview
- Valmont Industries Inc. - Business segments
- Valmont Industries Inc. - Key offerings
- Valmont Industries Inc. - Segment focus
- SWOT

16 Appendix

16.1 Scope of the report
16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
16.3 Currency conversion rates for US$
- Currency conversion rates for US$
16.4 Research methodology
- Research methodology
16.5 Data procurement
- Information sources
16.6 Data validation
- Data validation
16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
16.8 Data synthesis
- Data synthesis
16.9 360 degree market analysis
- 360 degree market analysis
16.10 List of abbreviations
- List of abbreviations