Global Solar Tracker Market Growth, Size, Trends Analysis - By Product, By Technology, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034

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 1.5a€¯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 USDa€¯25.62a€¯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