PUBLISHER: The Business Research Company | PRODUCT CODE: 1924239
PUBLISHER: The Business Research Company | PRODUCT CODE: 1924239
A solar tracker for power generation involves aligning a photovoltaic panel at an optimal angle toward the sun to capture maximum sunlight, thereby enhancing the electricity production capacity of a solar plant. These trackers are utilized to generate clean energy and reduce carbon emissions during the power production process, ultimately improving the efficiency of solar panels and maximizing their output.
The main products in the field of solar trackers for power generation are single-axis and dual-axis trackers. Single-axis trackers employ technology that adjusts the position of a solar panel along a single axis, allowing it to follow the changing position of the sun throughout the passing days and years. The technologies utilized include photovoltaic (PV) and concentrated solar power (CSP). Applications for solar trackers span across residential, commercial, industrial, and utility sectors.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs have impacted the solar tracker market by increasing the cost of imported steel structures, actuators, electronic controllers, and sensor components used in tracker assemblies. Utility, commercial, and industrial solar developers across North America, Europe, and Asia-Pacific are experiencing higher project installation costs and extended procurement cycles due to tariff-driven material and component price escalation. However, tariffs are also prompting localized manufacturing, regional sourcing of tracker components, and innovation in durable, cost-optimized tracking technologies that strengthen long-term renewable energy deployment and grid resilience.
The solar tracker for power generation market research report is one of a series of new reports from The Business Research Company that provides solar tracker for power generation market statistics, including a solar tracker for power generation industry, global solar tracker for power generation market size, regional shares, competitors with a solar tracker for power generation market share, detailed solar tracker for power generation market segments, market trends and opportunities, and any further data you may need to thrive in the solar tracker for power generation industry. This solar tracker for power generation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.
The solar tracker for power generation market size has grown strongly in recent years. It will grow from $7.81 billion in 2025 to $8.53 billion in 2026 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to increasing installation of fixed-mount solar systems, early adoption of single-axis trackers, expansion of utility-scale pv projects, reliance on basic mechanical tracking systems, growth in csp-based pilot projects.
The solar tracker for power generation market size is expected to see strong growth in the next few years. It will grow to $12.05 billion in 2030 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to rising deployment of dual-axis trackers, increasing emphasis on maximizing solar energy yield, development of AI-enhanced tracker optimization, expansion of commercial and industrial rooftop solar, growing demand for cost-efficient renewable power systems. Major trends in the forecast period include expansion of sustainable solar tracking solutions, advancement of autonomous tracker control systems, adoption of AI-based sun positioning algorithms, development of smart factory-enabled tracker manufacturing, growth of IoT-integrated solar performance monitoring.
The increasing demand for renewable energy sources is anticipated to drive the growth of solar trackers in the power generation market. Renewable energy is derived from naturally replenishing sources, such as sunlight, rainfall, geothermal heat, and ocean waves. Solar trackers play a crucial role in harnessing these renewable energy sources for power generation. For instance, in 2023, a report from the U.S. Energy Information Administration (EIA), a U.S.-based agency, indicated that utility-scale electricity generation from hydropower in the U.S. reached 240 billion kWh, representing 5.7% of the total energy share. Consequently, the rising demand for renewable energy sources is expected to fuel the growth of the solar tracker market.
New product developments are emerging as a prominent trend in the solar tracker market. Leading companies in the solar tracker industry are concentrating on creating innovative products to address industry-specific technical requirements and strengthen their global market presence. For example, in July 2024, Soltec, a Spain-based electric services company, introduced its 4X4 system for the SFOne solar tracker, engineered to adapt to diverse terrains and locations. This advanced system enables the solar trackers to operate on constant slopes of up to 15% in both North-South and East-West orientations, and manage non-constant slopes of up to 20%. The 4X4 capability reduces land preparation efforts, making it suitable for challenging topographies, and incorporates customizable software to optimize layout and installation, thereby improving overall project efficiency.
In March 2023, Array Technologies Inc., a US-based provider of single-axis solar tracking systems for utility-scale energy projects, acquired Soluciones Tecnicas Integrales S.A. for an undisclosed sum. Through this acquisition, Array Technologies aims to strengthen its market presence in Latin America and expand its customer base, aligning with its strategic goal to increase market penetration and accelerate product adoption in rapidly growing solar regions. Soluciones Tecnicas Integrales S.A. is a Mexico-based provider of engineering, procurement, and construction (EPC) services, with a robust portfolio of solar power generation projects, including turnkey solar tracker solutions for large-scale installations.
Major companies operating in the solar tracker for power generation market are NEXTracker Inc., Array Technologies Inc., PV Hardware Solutions S.L.U., Arctech Solar Holding Co. Ltd., Soltec Power Holdings SA, FTC Solar Inc., AllEarth Renewables Inc., Mechatron Solar Inc., Convert Italia SPA, SunPower Corporation, Trina Solar Co.Ltd., DEGERENERGIE GMBH & CO. KG, GameChange Solar Services India Pvt. Ltd., Soluciones Tecnicas Integrales Norland Sl, Ideematec Deutschland GmbH, MECASOLAR LLC, OPTIMUM TRACKER, Powerway Renewable Energy Co. Ltd., The Schletter Group, Xiamen Grace Solar Technology Co. Ltd., Jiangsu Aikang Industrial Group Co. Ltd., Dalian CDS Solar Energy Technology Co.Ltd., Clenergy Technology Co. Ltd., Amberroot Systems Pvt. Ltd., Canadian Solar Inc., Risen Energy Co. Ltd.
North America was the largest region in the solar tracker market in 2025. The regions covered in the solar tracker for power generation market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the solar tracker for power generation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The solar tracker for power generation market consists of sales of Horizontal Single-Axis Solar Tracker (HSAT), Horizontal Tilted Single-Axis Solar Tracker (HTSAT), Vertical Single-Axis Solar Tracker (VSAT), Vertical-Tilted Single-Axis Solar Tracker (VTSAT), polar-axis tracking and altitude-azimuth tracking. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Solar Tracker For Power Generation Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses solar tracker for power generation market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for solar tracker for power generation ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The solar tracker for power generation market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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