Global Solar PV Tracker Market
Segmentation, By Type (Single-Axis Trackers {Horizontal
Single-Axis (HSAT), Vertical Single-Axis (VSAT), Tilted Single-Axis (TSAT)}, Dual-Axis
Trackers), By Technology (Active Trackers, Passive
Trackers), By Application (Utility-Scale Solar
Farms, Commercial & Industrial (C&I) Projects, Residential
Installations, Off-Grid & Remote Power Systems), By Component (Tracking Controllers & Software, Motors &
Actuators, Sensors {GPS Sensors, Light Sensors, Wind Sensors}, Structural
Components (Foundations, Support Beams, Mounting Systems), By End User (Independent Power Producers (IPPs), Utilities, Commercial
& Industrial Entities, Residential Consumers, Government & Public
Sector)- Industry Trends and Forecast to 2033
Global Solar PV Tracker Market
size was valued at USD 6337.7 million
in 2024 and is
expected to reach at USD 22087.1 million in 2033, with a CAGR of 12.3% during
the forecast period of 2025 to 2033.
Global Solar PV Tracker Market Overview
The Global Solar PV Tracker
Market is witnessing a strong increase driven by the growing demand for
renewable electricity and the growing deployment of large-scale solar
electricity projects. Solar trackers improve electricity technology performance
by aligning photovoltaic panels with the solar's movement, yielding as much as
30% greater electricity than constant systems. Advancements in automation,
artificial intelligence, and IoT-based tracking technology are further boosting
market adoption. Government incentives, renewable energy mandates, and
declining solar problem fees are accelerating installations worldwide. With
growing emphasis on sustainability, bifacial module integration, and clever solar
solutions, the market is poised for strong expansion for the duration of
several geographies.
Global Solar PV Tracker Market Scope
|
Global Solar
PV Tracker Market |
|||
|
Years
Considered |
|||
|
Historical Period |
2020 - 2023 |
Market Size (2024) |
USD 6337.7 Million |
|
Base Year |
2024 |
Market Size
(2033) |
USD 22087.1 Million |
|
Forecast Period |
2025 - 2033 |
CAGR (2025 – 2033) |
12.3% |
|
Segments
Covered |
|||
|
By Type |
·
Single-Axis Trackers o Horizontal
Single-Axis (HSAT) o Vertical
Single-Axis (VSAT) o Tilted
Single-Axis (TSAT) ·
Dual-Axis Trackers |
||
|
By Technology |
·
Active
Trackers ·
Passive
Trackers |
||
|
By Application |
·
Utility-Scale Solar Farms, Commercial &
Industrial (C&I) Projects, Residential Installations, Off-Grid &
Remote Power Systems |
||
|
By Components |
·
In-Person
Education ·
Hybrid
Models ·
Fully
Digital/Online Platform |
||
|
By End Users |
·
Children ·
Parents & Guardians ·
Educational Institutions ·
Teachers & Educators |
||
|
Countries
Catered |
|||
|
North America |
·
United States ·
Canada ·
Mexico |
||
|
Europe |
·
United
Kingdom ·
Germany ·
France ·
Spain ·
Italy ·
Rest
of Europe |
||
|
Asia Pacific |
·
China ·
India ·
Japan ·
Australia ·
South Korea ·
Rest of Asia Pacific |
||
|
Latin America |
·
Brazil ·
Argentina ·
Rest
of Latin America |
||
|
Middle East & Africa
|
·
Saudi Arabia ·
South Africa ·
Rest of MEA |
||
|
Key Companies |
|||
|
·
Soltec ·
Arctech |
|||
Global Solar PV Tracker Market Dynamics
The Global Solar PV Tracker
Market Dynamics are formed by the growing adoption of renewable power and the
need for better performance in solar strength generation. Key drivers encompass
the developing deployment of utility-scale and industrial solar projects, government
incentives and subsidies, declining prices of solar modules and tracker
components, and the combination of superior technology, including AI, IoT, and
faraway tracking for automatic overall performance optimization. Single-axis
and dual-axis trackers are gaining recognition because of their ability to boost
power yield via way of means of as much as 30% compared to fixed-tilt systems.
Trends in the market encompass the development of intelligent and sensor-based
trackers, the adoption of bifacial-well-suited systems, floating solar
trackers, and modular, scalable tracker designs that can be tailored to various
terrains. Additionally, partnerships among tracker manufacturers, EPC
contractors, and era vendors are improving task execution performance.
Opportunities lie in increasing installations in rising markets, retrofitting
current solar plants, integrating trackers with hybrid renewable power systems,
and growing AI-pushed management and predictive protection solutions. However,
the marketplace faces restraints including excessive prematurely and protection
prices, complicated mechanical components, land availability constraints, and
environmental concerns. Challenges encompass making sure long-term mechanical
reliability, addressing grid integration issues, adapting trackers to choppy
terrains, and retaining profitability amid fluctuating raw material prices.
Overall, the solar PV tracker marketplace is poised for a sustained boom as nations'
attention on maximizing solar power output and accomplishing renewable power
goals globally.
Global Solar PV Tracker Market
Segment Analysis
The Global Solar PV Tracker
Market Segment Analysis highlights a well-diversified shape reflecting the
technological and operational improvements driving solar power adoption
worldwide. Based on Type, the marketplace is labelled into Single-Axis Trackers
and Dual-Axis Trackers. Single-axis trackers dominate the marketplace,
specifically Horizontal Single-Axis Trackers (HSAT), owing to their simplicity,
fee efficiency, and suitability for huge utility-scale initiatives. Other
types, which include Vertical (VSAT) and Tilted (TSAT) systems, are gaining
traction in areas with various latitudes and tough terrains. Dual-Axis
Trackers, though costlier, are increasingly followed for packages requiring the
most power yield, imparting advanced monitoring accuracy for top-rate solar
installations.
By Technology, the marketplace is
segmented into Active Trackers, which make use of vehicles and sensors to
regulate panel orientation automatically, and Passive Trackers, which depend on
thermal enlargement mechanisms. Active trackers maintain the predominant
proportion because of their excessive precision, adaptability, and integration
with IoT and AI-primarily based totally manage systems.
In phrases of Application,
Utility-Scale Solar Farms lead the segment, pushed with the aid of using big
renewable power deployment objectives and grid integration initiatives.
Commercial & Industrial (C&I) Projects are developing hastily as agencies
undertake solar energy to lessen operational costs, at the same time as
Residential Installations and Off-Grid Systems are increasing in far off areas
because of progressed affordability and modular tracker designs.
By Component, the marketplace
consists of Tracking Controllers & Software, Motors & Actuators,
Sensors (GPS, light, wind), and Structural Components like help beams,
foundations, and mounting systems. Technological improvements in clever
controllers and sturdy substances are improving gadget reliability and power
yield.
By End User, Independent Power
Producers (IPPs) and Utilities dominate because of huge-scale renewable
initiatives and long-time period energy buy agreements. Meanwhile, Commercial
& Industrial Entities and Government Agencies are more and more more making
an investment in solar infrastructure for sustainability goals. The Residential
Sector is likewise witnessing increase with affordable, compact trackers
appropriate for rooftop installations. Overall, this segmentation underscores
the marketplace's dynamic evolution pushed with the aid of using innovation,
power optimization, and worldwide transition closer to sustainable energy
generation.
Global Solar PV Tracker Market
Regional Analysis
The Global Solar PV Tracker
Market Regional Analysis famous that North America holds the biggest market
share, driven by tremendous solar farm deployments in the U.S. and Mexico,
supportive government incentives, and technological improvements through key
tracker manufacturers. Europe follows, with a robust increase in Spain, Italy,
and France because of bold renewable electricity goals and the mixing of
bifacial modules with superior monitoring systems. Asia-Pacific is the
fastest-developing place, led by China, India, Japan, and Australia, in which
large-scale solar initiatives and favorable rules are accelerating adoption.
Latin America, mainly Brazil and Chile, is rising as a considerable marketplace
because of plentiful solar sources and developing private sector investment.
Meanwhile, the Middle East & Africa region is gaining momentum with growing
solar infrastructure investments within the UAE, Saudi Arabia, and South
Africa. Overall, the near-term increase is fuelled through the worldwide shift
in the direction of renewable electricity and efficiency-centred solar
installations.
Global Solar PV Tracker Market Key Players
·
Nextracker Inc.
·
Array Technologies
·
PVHardware
·
MECASOLAR
·
IDEEMATEC
·
Soltec
·
Arctech
·
GameChange Solar
·
Trina Solar
·
AllEarth Renewables
Recent Developments
In September 2024, OMCO Solar
& Create Energy partnership; these two American solar equipment
manufacturers teamed up to collaborate on delivering solar trackers for current
and future products; OMCO Origin™ trackers will be showcased with Create Energy
modules.
In September 2025, Nextracker
purchased Origami Solar (steel-frame maker) for about US$53 million. This
expands Nextracker’s capabilities into steel solar panel frames (stronger,
lower carbon intensity than aluminum) and further integrates tracker +
module/frame supply components.
Research Methodology
At Foreclaro Global Research, our
research methodology is firmly rooted in a comprehensive and systematic
approach to market research. We leverage a blend of reliable public and
proprietary data sources, including industry reports, government publications,
company filings, trade journals, investor presentations, and credible online
databases. Our analysts critically evaluate and triangulate information to
ensure accuracy, consistency, and depth of insights. We follow a top-down and
bottom-up data modelling framework to estimate market sizes and forecasts,
supplemented by competitive benchmarking and trend analysis. Each research
output is tailored to client needs, backed by transparent data validation
practices, and continuously refined to reflect dynamic market conditions.
The global solar PV tracker market was valued at USD 6.34 billion in 2024.
