Solar Tracker Market Size, Share and Trends Analysis, By Fuel Type (Single-Axis Trackers and Dual-Axis Trackers), By Technology (PV, CPV, and CSP), By Installation Type (Ground-Mounted and Roof-Mounted), By Application (Utility-Scale, Commercial & Industrial, and Residential), and By Region, Forecast 2025-2032

Solar Tracker Market Overview and Key Insights:

The solar tracker market size reached USD 9.88 billion in 2024 and is expected to register a revenue CAGR of 19.7% during the forecast period. A solar tracker is a device that moves solar panels to follow the sun’s path across the sky. Tracking the sun enables solar devices to absorb more sunlight throughout the day. higher absorbed sunlight equals higher solar power generation.

Market Drivers:

Rising demand for renewable energy is a key driver of revenue growth in the solar tracker market. According to the International Energy Agency (IEA), solar PV generation climbed by a record 320 TWh (up 25%) in 2023, totalling more than 1,600 TWh. It has the highest absolute generation growth of any renewable technology in 2023. This generation growth rate is comparable to the amount projected for 2023 to 2030 in the Net Zero Emissions by 2050 (NZE) Scenario.

Continuous rise in the economic attractiveness of PV, huge supply chain expansion, and increasing regulatory backing, particularly in China, the United States, the European Union, and India, are projected to accelerate capacity growth in the years ahead.In 2023, worldwide solar PV cell manufacturing capacity nearly doubled, while polysilicon production climbed by nearly 90%, nidyke by 75%, and wafer by 60%. By the end of the year, the lowest-capacity segment, polysilicon, had reached 850 GW. China accounted for over 95% of new facilities across the supply chain.

Global solar PV investments in capacity increases climbed by over 30% in 2023, surpassing USD 480 billion, marking another record year. Solar PV investment in 2023 exceeded all other power generation technologies combined. Investment in PV is likely to increase in the next years due to aggressive government targets, regulatory assistance, and increased competitiveness.

On August 2024, Arctech, the leading manufacturer of solar tracking, racking, and BIPV systems, has announced its latest innovation, SkyLight, a tracker that is expected to transform the solar energy market. The 1P Linked Dual-row Solar Tracking System SkyLight uses a single-point drive mechanism to adapt to low wind speed regions, particularly in the Latin American market. It provides an ideal balance of dependability, safety, stability, and cost-effectiveness. SkyLight decreases installation time by 30% and maintenance costs by 10%.

Market Opportunity:

Technological advancements in solar tracking device acts as opportunities for solar tracker market. The incorporation of IoT technology into solar tracking systems represents a watershed moment in improving their efficiency and effectiveness. Machine learning optimizes tracking tactics for seasonal variances, whereas AI-powered systems adapt to changing conditions such as cloud cover, fine-tuning efficiency through feedback.

The combination of Artificial Intelligence (AI) and IoT provides real-time monitoring and remote control of Solar Tracking Systems (STS), allowing operators to make informed decisions about performance and maintenance. This combination provides insights into operational efficiency and helps discover opportunities for improvement. As AI and machine learning advance, their applications in STS will broaden, maximizing energy capture, lowering maintenance costs, and promoting sustainable solar energy use.

On September 2025, GameChange Solar, a global leader in solar tracker and fixed-tilt racking technology, announced that it has landed its first solar tracker project in New Zealand, Bright Fern Energy’s forthcoming Dannevirke Solar Farm. The 23 MWp utility-scale project is a significant milestone in GameChange Solar’s expansion into Oceania, bringing its tracker presence into a new location with locally tailored solutions. The project will use GameChange Solar’s Genius Tracker 1P system with a four-string layout and integrated SpeedClamp technology, which is intended to cut module installation time and costs.

Recent Trends:

Emerging trends include AI-driven smart tracking systems, integration with bifacial solar panels, integration with energy storage solutions, and terrain-adaptive and modular designs.

Modern solar installations increasingly use sophisticated hybrid setups that combine photovoltaic panels and innovative energy storage systems. These grid-connected solar systems collaborate with battery storage units to improve energy distribution and consumption patterns throughout the day. The incorporation of smart inverter technology allows for seamless switching between solar generation, battery storage, and grid power, maximizing system efficiency while ensuring a continuous power supply. These hybrid energy systems can greatly reduce reliance on traditional grid electricity while also increasing reliability during peak demand periods or grid outages.

On April 2024, Nextracker, a global provider of intelligent solar trackers and software solutions, has announced the launch of their flagship NX Horizon solar tracker system, which has a 35% smaller carbon footprint. The NX Horizon low carbon tracker solution is a significant milestone for solar energy, bringing together Nextracker’s technology leadership and robust supply chain solutions, which include the use of electric arc furnace (EAF) manufacturing, recycled steel, and logistics strategically located near project sites.

Restraints & Challenges:

While solar tracking systems have numerous advantages, they also present certain obstacles. Solar tracking systems are more complex than fixed systems, necessitating extra components and upkeep. Complexity can reduce system reliability and increase the likelihood of technical problems. Dual-axis tracking systems may require more space than fixed systems due to their wider range of motion. Space considerations must be factored into system design.

Adverse weather conditions, such as strong winds, hail, and extreme temperatures, can cause damage and reduce performance in tracking systems. The approach entails creating durable tracking devices that can withstand extreme conditions. Furthermore, the constant motion of tracking systems causes wear and tear on mechanical components such as bearings, gears, and motors.

Type Segment Insights and Analysis:

Based on the type, the solar tracker market is segmented into single-axis trackers and dual-axis trackers.

Dual-axis trackers segment contributed the highest growth rate in 2024. A dual-axis solar tracking system is a sophisticated mechanical device that moves and adjusts solar panels in response to the sun’s movement throughout the day, year-round. These trackers may spin on two axes: horizontally and vertically. A dual-axis solar tracker is an excellent choice for commercial rooftop systems and big, utility-scale solar power facilities.

Because they have so many moving parts, these trackers can significantly raise the maintenance costs of off-grid, hybrid, and on-grid solar systems.Dual-axis tracking combines horizontal daily rotation and vertical seasonal tilting to keep panels perpendicular to sunlight from any angle. The solar solution optimizes sunshine capture and solar electricity output under all situations.

Dual-axis trackers are more complex and expensive to operate than single-axis trackers due to advanced motion controls and equipment. However, their superior angle optimization results in an even higher annual energy production than fixed tilt or simpler single-axis trackers.

On July 2024, Soltec, a vertically integrated firm specializing in photovoltaic projects and solar trackers, has launched a 4×4 solution to adapt to any terrain and location. Soltec uses this functionality to ensure optimal production of their solar trackers independent of the area and conditions in which the project is placed, reducing land preparation work. This 4×4 feature package is designed for Soltec’s SFOne tracker, which has a maximum length of 125 meters.

Technology Segment Insights and Analysis:

Based on the technology, the solar tracker market is segmented into Photovoltaic (PV), Concentrated Photovoltaic (CPV), and Concentrated Solar Power (CSP).

Photovoltaic (PV) segment contributed the largest market share in 2024. Installing solar trackers can increase the performance of photovoltaic panels by up to 40%. Solar trackers provide the best value proposition for big ground-mounted solar arrays, particularly in high latitude locales with significant change in the sun’s path between summer and winter. In these huge commercial projects, the long-term advantage of improved output is sufficient to cover the original investment and maintenance expenditures. However, as solar panels become more affordable, the economic effectiveness of tracking systems vs employing a larger number of panels falls.

On August 2024, Array Technologies, a global leader in utility-scale solar tracking solutions, has announced the release of SkyLink, a new PV-powered wireless tracker system that expands on the capabilities of its DuraTrack and OmniTrack offerings. New features include an eight-linked-row architecture with passive wind mitigation, PV string-powered brushless DC motors, Zigbee wireless connection, and a variety of SmarTrack options.

Application Segment Insights and Analysis:

Based on the application, the solar tracker market is segmented into utility-scale, commercial & industrial, and residential.

Utility-scale segment contributed the largest market share in 2024. Large-scale solar farms are propelling the world toward more sustainable energy alternatives. They absorb sunlight on a vast scale, which improves the way power is generated. It also decreases reliance on non-renewable energy. Solar trackers play an important role in boosting solar panel performance in farms, particularly ground-mounted solar plants. More than half of the active utility-scale solar PV systems in the United States use some sort of tracking technology, and these systems are mostly located in the Southwest, where solar resources are more abundant.

On November 2024, FTC Solar, Inc., a prominent provider of solar tracker systems, and Dunlieh Energy have announced that FTC would supply trackers for over one gigawatt of solar projects for Dunlieh. The Situla Energy Project, a 500-megawatt utility-scale solar and storage complex under development in Banner County, Nebraska, about 30 miles east of the Wyoming border, is likely to be the first project covered by the agreement.

Geographical Outlook:

Solar tracker market is strategically segmented by geography to provide a comprehensive understanding of regional market dynamic. Discover demand analysis, emerging trends, and growth opportunities shaping market performance across different region and countries.

Asia Pacific Solar Tracker Market:

Asia Pacific is registered to have the largest market share in solar tracker market in 2024 primarily driven by rising demand for renewable energy and government incentives and supportive policies. According to the Global Energy Monitor (GEM), China is consolidating its position as the world leader in renewable energy production, with 180 GW of utility-scale solar and 159 GW of wind power now under construction. The 339 GW of utility-scale solar and wind that have reached the building stage amounts for one-third of all proposed wind and solar capacity in China, greatly above the global construction rate of 7%.

China added about twice as much utility-scale solar and wind generating capacity in 2023 as in any previous year. China’s total utility-scale solar and wind capacity reached 758 GW in the first quarter of 2024, according to figures from the China Electricity Council, however the overall capacity, including distributed solar, was estimated to be 1,120 GW.

On November 2023, Hangzhou Huading new energy secures major order for PV tracking project in Spain. This is Huading New Energy’s first large-scale tracking system project in Spain, as well as its first super-large order in the European market, which is critical for the company’s future international market development. The Mercury tracker is equipped with Huading New Energy’s unique PV brake, which can either flexibly expand and contract with the bracket to play the role of buffer, or flexibly become rigid to play the role of rigid support, thereby fundamentally solving the tracking system’s wind instability problem and maximizing system safety.

Europe Solar Tracker Market:

Europe is registered to have the highest growth rate in solar tracker market in 2024. According to the Solar Power Europe, the EU-27 Member States’ cumulative installed solar PV capacity reached 269 GW by the end of 2023. It has multiplied more than 2.500 times since the turn of the millennium. In absolute terms, the EU is forecast to add 401 GW of new solar between 2024 and 2028, increasing total installed PV capacity to 671 GW by the end of 2028. The growth of solar installations causes a ripple effect, increasing need for skilled professionals in manufacture, installation, maintenance, and other fields.

On June 2025, Nextracker, a global leader in advanced solar energy solutions, announced that its NX Horizon solar trackers would power one of Europe’s largest solar projects, the 550 MW “Oricheio PPC Ptolemaida” solar PV park in Western Macedonia. The project, owned by Greek PPC Renewables (PPCR), a wholly owned subsidiary of utility PPC Group, was built by engineering procurement and construction (EPC) company Terna SA by repurposing land from a former coal mine with high-performance solar energy infrastructure to generate clean, low-cost electricity.

North America Solar Tracker Market:

North America is expected to register a significant share during the forecasted period. According to the US Energy Information Administration (EIA), total solar electricity generation in the United States has climbed from roughly 5 million kWh in 1984 to around 238 billion kWh in 2023. Utility-scale PV power plants accounted for around 69% of total solar electricity generation in 2023, followed by small-scale PV systems at 31% and utility-scale solar thermal-electric power plants at 1%. Utility-scale power plants generate at least 1,000 kilowatts (kW). Solar power generation accounted for around 93% of total solar energy consumption in 2023, with solar energy used for space and water heating accounting for approximately 7%.

On February 2025, Kinematics, a global leader in intelligent motion control, has completed its acquisition of P4Q. With this integration, Kinematics combines its installed base of 2.9 million solar actuators with P4Q’s advanced electronics portfolio—featuring over 1 million solar controllers across 2,400 solar sites worldwide—making the company the largest global provider of motion control technology for solar trackers, supporting more than 134 gigawatts of solar capacity. Through the acquisition, Kinematics also gains P4Q’s full-stack electronics expertise and its leading tracker controls brand, Suntrack, enhancing its innovative actuation systems.

Competition Analysis:

The solar tracker market is characterized by a fragmented structure, with several players competing across various segments and regions. List of major players included in the solar tracker market report are:

• Nextracker Inc.
• RatedPower
• Soltec Power Holdings S.A. 
• IDEEMATEC Deutschland GmbH
• Scorpius Trackers Group
• Arctech
• HCT Sun
• FTC Solar
• Solargik Ltd.
• Optimum Tracker
• Nevados Engineering
• GameChange Solar
• Trina Solar Co., Ltd. 
• Asun Solar Power Private Limited
• Targray Technology International Inc.

Strategic Developments in Solar Tracker Market:

• In September 2025, Nextracker, a leading provider of solar technology solutions, has entered the solar panel frame market through the acquisition of Origami Solar, Inc., an innovator in roll-formed steel frame technology. The all-cash deal is valued at around USD 53 million, including potential future contingent earnout payments. Steel frames present a high-performance alternative to conventional extruded aluminum frames, offering greater strength and durability, cost competitiveness, a resilient localized supply chain, and a substantially reduced carbon footprint.
• In March 2024, CWP Global, a pioneer in the development of large-scale renewable energy and green hydrogen hubs, has signed an agreement with IDEEMATEC to investigate the integration of IDEEMATEC’s cutting-edge L: TEC Solar Tracker technology into CWP Global’s AMAN project, an ambitious 30 GW renewable energy and green hydrogen project in north-west Mauritania. The new collaboration with IDEEMATEC is part of CWP Global’s commitment to maximize project efficiency by leveraging best-in-class technologies, including power yields and green hydrogen production.

Key Advantages for Stakeholders:

Navistrat Analytics’ industry report provides an in-depth quantitative analysis of various market segments, historical and current trends, market forecasts, and dynamics within the global market. The historical years covered in this report are 2022 to 2023, with 2024 serving as the base year for market size calculations. The forecast period extends from 2025 to 2032.

The report includes an executive summary and a comprehensive overview of market drivers, restraints, opportunities, and challenges (DROC), along with insights into regulatory standards. It features detailed analyses such as PORTER’s Five Forces, SWOT, and PESTLE, as well as assessments of technological trends and the competitive landscape.

PORTER’s Five Forces analysis helps stakeholders evaluate the impact of new entrants, competitive rivalry, supplier power, buyer power, and substitution threats, enabling them to assess the level of competition and the attractiveness of the global market. The competitive landscape provides stakeholders with a clear understanding of the current market positions of key players, offering valuable insights into their competitive environment.

Scope And Key Highlights Of The Solar Tracker Market Report:

The Solar Tracker market report offers a detailed analysis of market size, including historical revenue (in USD Billion) data for 2022-2023 and revenue forecasts for 2025-2032 across the following segments:

• Type Outlook (Revenue, USD Billion; 2022-2032)
  • Single-Axis Trackers
  • Dual-Axis Trackers

• Technology Outlook (Revenue, USD Billion; 2022-2032)
  • Photovoltaic (PV)
  • Concentrated Photovoltaic (CPV)
  • Concentrated Solar Power (CSP)

• Installation Type Outlook (Revenue, USD Billion; 2022-2032)
  • Ground-Mounted
  • Roof-Mounted

• Application Outlook (Revenue, USD Billion; 2022-2032)
  • Utility-Scale
  • Commercial & Industrial
  • Residential

• Regional Outlook (Revenue, USD Billion; 2022-2032)
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Benelux
    • Nordic Countries
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Oceania
    • ASEAN Countries
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Israel
    • Turkey
    • Rest of MEA

Frequently Asked Questions (FAQ) about the Solar Tracker market report