Market Research Future (MRFR) has published a cooked research report on the “Global Solar PV Tracker Market” that contains the information from 2019 to 2035.
The Global Solar PV Tracker Market is estimated to register a CAGR of 10.0 % during the forecast period of 2025 to 2035.
MRFR recognizes the following companies as the key players in the Global Solar PV Tracker Market — Nextracker Inc., Array Technologies, PVHardware, MECASOLAR, IDEEMATEC, Soltec, Arctech, GameChange Solar, Trina Solar, AllEarth Renewables, Xiamen Grace Solar Technology, Lingyang Technology Inc., and others.
The Global Solar PV Tracker Market accounted for registering a CAGR of 10.0 % during the forecast period and is estimated to reach USD 30.88 billion by 2035.
The rising demand for off-grid solar panel systems is significantly influencing the global solar PV tracker market. As more individuals and businesses seek energy independence, particularly in remote areas where grid access is limited or unreliable, the need for efficient solar energy solutions has surged. Off-grid systems allow users to generate and store their own electricity, making them an attractive option for those looking to reduce reliance on traditional energy sources. This growing interest in off-grid solar solutions is driving the demand for solar PV trackers, which enhances the efficiency of solar panels by adjusting their orientation to follow the sun's path. By maximizing sunlight exposure, solar trackers can increase energy production by 15-30% compared to fixed installations. As off-grid systems often require higher energy yields to meet the needs of users in isolated locations, the integration of solar trackers becomes essential. The ability to capture more sunlight translates directly into greater energy availability, which is crucial for off-grid applications.
The global shift towards renewable energy is also accelerating the adoption of off-grid solar solutions, as more individuals and businesses prioritize sustainability. Off-grid solar systems are seen as a key solution for reducing carbon footprints and addressing climate change, especially in developing regions where energy poverty remains a challenge. Governments and international organizations are increasingly promoting the use of solar energy through favorable policies, subsidies, and incentives for off-grid solar installations. This is further contributing to the demand for advanced technologies like solar PV trackers, which help optimize solar power generation and reduce costs over time.
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Segmental Analysis
The Global Solar PV Tracker Market has been segmented based on by Axis Type, by Technology, By Drive and by End-User.
Based on Axis Type, this segment includes Single Axis and Dual- Axis. The Single Axis segment dominated the global market in 2024, while it is projected to be the fastest–growing segment during the forecast period. Single-axis solar trackers rotate solar panels on a single axis, usually oriented north-south, to follow the sun’s path from east to west. These trackers are simpler and less expensive than dual-axis trackers, making them a popular choice for large-scale solar installations. They are particularly effective in regions with high direct solar irradiation. While they offer lower efficiency gains compared to dual-axis systems, their cost-effectiveness and lower maintenance requirements make them a favorable option for many projects. Advances in tracking algorithms and materials are further enhancing the performance and reliability of single-axis trackers.
Based on the Technology, this segment includes Solar Photovoltaic (PV), Concentrated Photovoltaic (CPV), Concentrated Solar Power (CSP). The Solar Photovoltaic (PV) segment dominated the global market in 2024, while it is projected to be the fastest–growing segment during the forecast period. Solar trackers are designed to orient solar panels toward the sun for maximizing energy capture. These trackers enhance the efficiency of PV systems by following the sun’s path throughout the day. The primary advantage of PV trackers is their ability to increase the energy yield significantly as compared to fixed-tilt systems. Technological advancements have led to the development of reliable and cost-effective tracking systems, making them a viable option for large-scale solar installations. The rising demand for renewable energy and the increasing government initiatives for supporting renewable energy market are driving the adoption of PV solar trackers.
Based on the Drive, this segment includes Active System, Passive System, Manual System. The Active System segment dominated the global market in 2024, while it is projected to be the fastest–growing segment during the forecast period. Active drive systems in solar trackers are advanced mechanisms designed to optimize the performance of photovoltaic (PV) panels by dynamically adjusting their orientation throughout the day to follow the sun’s trajectory. These systems utilize a combination of sensors, motors, and control algorithms to ensure that solar panels are always positioned at the optimal angle relative to the sun, maximizing energy absorption and efficiency. The active drive system typically includes components such as azimuth and elevation motors, which adjust the tilt and rotation of the solar panels. These motors are often paired with precise encoders and feedback sensors that monitor the panel's position and adjust it in real time based on input from solar irradiance sensors or algorithms that calculate the sun’s position based on time of day and geographic location. By continuously aligning the panels perpendicular to the sunlight, active drive systems can significantly increase the amount of energy harvested compared to fixed-tilt systems. This enhanced tracking capability not only boosts the overall efficiency of solar installations but also contributes to a higher return on investment over the lifespan of the solar power system.
Based on the End-User, this segment includes Industrial, Residential, Commercial. The Industrial segment dominated the global market in 2024, while it is projected to be the fastest–growing segment during the forecast period. Industrial solar trackers are devices designed to optimize the efficiency of solar panels by adjusting their orientation throughout the day to follow the sun's trajectory. In industrial applications, such as power manufacturing plants, data centers, or large commercial facilities, solar trackers can significantly enhance the performance of solar power systems. Additionally, in industrial settings where high energy consumption is common, the increased energy yield from trackers can contribute to achieving sustainability goals, lowering operational costs, and mitigating the environmental impact of energy use. Moreover, enhanced efficiency can also be crucial in regions with limited space for solar installations, allowing for better utilization of available areas.
Regional Analysis
Geographically, the Global Solar PV Tracker Market has been segmented into North America, Europe, Asia-Pacific, South America, Middle East & Africa.
Major demand factors driving the Asia-Pacific market are the rising demand for off-grid solar panel systems and rising environmental concerns and regulations. The region is also experiencing heightened environmental awareness and the implementation of strict government regulations aimed at promoting renewable energy and reducing greenhouse gas emissions. Countries such as China, India, Japan, and Australia are investing heavily in solar energy infrastructure to meet their energy demands sustainably. Government incentives, favorable policies, and national targets for renewable energy adoption are further accelerating the demand for efficient solar technologies like PV trackers. These systems enhance energy output by allowing solar panels to follow the path of the sun, improving overall efficiency.
The North American Solar PV Tracker market is primarily driven by the United States and Canada, where growing emphasis on clean energy and carbon reduction targets fuels demand. Government incentives such as the Investment Tax Credit (ITC) in the U.S. encourage solar project investments. Large-scale solar farms and utility projects increasingly deploy solar trackers to enhance energy output and improve ROI. Technological advancements and growing corporate sustainability initiatives also contribute to market growth. Additionally, increasing electricity demand and the transition away from fossil fuels support the expansion of solar PV tracker installations in residential, commercial, and industrial sectors. This region focuses on maximizing solar energy efficiency to meet regulatory mandates and reduce dependence on conventional energy sources.
Europe’s solar PV tracker market is supported by stringent environmental policies and ambitious renewable energy targets, especially in countries like Germany, Spain, Italy, and France. The European Union’s commitment to climate goals under the Green Deal pushes adoption of advanced solar technologies. Solar trackers are widely used in large-scale solar power plants to maximize efficiency and energy yield. The region benefits from technological innovation, extensive government subsidies, and public-private partnerships that accelerate solar infrastructure development. Additionally, Europe’s focus on sustainability and reducing greenhouse gas emissions fosters investment in solar projects, increasing the demand for trackers that optimize solar panel performance amid varying climatic conditions across the continent.
South America’s solar PV tracker market is growing steadily, especially in countries like Brazil, Chile, and Argentina, which possess abundant solar resources. The region is leveraging solar energy to improve energy security and reduce reliance on hydropower and fossil fuels, which face challenges such as drought and price volatility. Government initiatives and renewable energy auctions encourage investment in solar projects. Large-scale solar farms increasingly adopt PV trackers to maximize energy generation and profitability. While the market is still developing compared to other regions, increasing awareness of environmental benefits and improving financing options are expected to boost tracker adoption, supporting sustainable energy transitions across the continent.
The Middle East & Africa region has significant solar potential due to high solar irradiance and vast desert areas. Countries like the UAE, Saudi Arabia, South Africa, and Morocco are investing heavily in solar energy projects as part of their economic diversification and sustainability goals. Solar PV trackers are gaining traction to optimize energy yield in these sun-rich environments, enhancing project viability. Although infrastructure challenges exist in parts of Africa, growing international funding and supportive policies are accelerating solar deployment. The focus on clean energy to reduce dependence on oil and gas, coupled with rising electricity demand, drives the adoption of solar trackers, making the region an emerging and strategic market for solar PV technology.
Key Findings of the Study
- The Global Solar PV Tracker Market is expected to reach USD 30.88 billion by 2035, at a CAGR of 10.0% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market.
- Based on the End-User, the Industrial segment was attributed to holding the largest market in 2024.
- Nextracker Inc., Array Technologies, PVHardware, MECASOLAR, IDEEMATEC, Soltec, Arctech, GameChange Solar, Trina Solar, AllEarth Renewables, Xiamen Grace Solar Technology, Lingyang Technology Inc., are some of the players in the market.
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Companies Covered | 15 |
Pages | 157 |
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