As per MRFR Analysis, the Global Solar PV Tracker Market was valued at USD 5.33 Billion in 2023 and is projected to reach USD 20.73 Billion by 2032, growing at a CAGR of 16.02% from 2024 to 2032. The market is driven by increasing energy conservation concerns, government support for renewable energy, and the rising adoption of solar power in developing nations. The Asia-Pacific region leads the market, with China holding the largest share and India being the fastest-growing market. The solar PV segment dominates the market, while single-axis trackers generate the most revenue. Active systems are the leading drive system type, with passive systems growing rapidly.
Key trends driving the Solar PV Tracker Market include technological advancements and government incentives.
Key players include Arctech Solar, Exosun, First Solar, Grupo Clavijo, NEXTracker, and Soltec.
The rising demand for off-grid solar panel systems and rising environmental concerns and regulations are driving the growth Solar PV Tracker Market.
As per the Analyst at MRFR, the rising demand for off-grid solar panel systems is significantly influencing the 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.Â
This growing interest in off-grid solar solutions is driving the demand for solar PV trackers, which enhance 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.
 FIGURE 1: SOLAR PV TRACKER MARKET VALUE (2019-2035) USD BILLION
 Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Growing energy demand and security is one of the major factors that is leading to increasing the adoption of solar trackers that helps in improving the performance of solar panels. The energy demand in Europe is growing rapidly owing to increasing economic development, population growth and rising electrification in numerous sectors. Moreover, the region is strongly committed towards transition to renewable energy sources for meeting the growing energy demand and the vital role of solar trackers in the energy transition by increasing output of solar power plants is supporting its market demand.Â
The increasing emphasis on improving the energy yield of solar installations is leading to rising usage of solar trackers which is important for making solar power more efficient and reliable. The increasing integration of intermittent renewable energy sources such as wind and solar in the grid is creating demand for solar trackers as it is effective in mitigating the challenges such as grid instability and reliability by maximizing solar energy production during the times of peak demand. The energy security concerns in Europe have increased due to its high dependency on energy imports and thus the increasing efforts towards maximizing domestic renewable energy production for enhancing energy security is positively influencing the market of solar trackers in the region.
According to IEA, energy trends in China—the world's largest producer and consumer of energy—play a significant role in determining the path of the global energy transition. While China's demand for fossil fuels continues to rise, it is also the leading clean energy powerhouse, rapidly increasing renewable capacity and dominating various clean energy supply chains. On the other hand, India is set to experience the highest growth in energy demand of any country over the next thirty years, driven by rapid industrialization, urbanization, and a substantial increase in per capita income. Moreover, According to Zero Carbon Analytics, investment in renewable energy across Asia has surged dramatically since 2004, achieving an impressive average annual growth rate of 23% and reaching USD 345 billion in 2022. Additionally, over the past two decades, China has significantly increased its wind and solar capacity
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.Â
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.
FIGURE 2: SOLAR PV TRACKER MARKET SHARE BY AXIS TYPE 2024 AND 2035 (USD BILLION)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
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.Â
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.Â
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.Â
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.
Based on the Region, the global Solar PV Tracker is segmented into North America, Europe, Asia-Pacific, South America and 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.Â
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.
FIGURE 3: SOLAR PV TRACKER MARKET VALUE BY REGION 2024 AND 2035 (USD BILLION)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Further, the countries considered in the scope of the Application Tracking System Market are the US, Canada, Mexico, Germany, France, the UK, Spain, Italy, Poland, Netherlands, Belgium, Austria, China, India, Japan, Thailand, South Korea, Brazil, Argentina, Chile, Saudi Arabia, Qatar, Oman, UAE, South Africa and others.
Many global, regional, and local vendors characterize the Solar PV Tracker Market. The market is highly competitive, with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and government regulations. Vendors must provide cost-efficient, high-quality products to survive and succeed in an intensely competitive market.
The major competitors in the market are Nextracker Inc., Array Technologies, PVHardware, MECASOLAR, IDEEMATEC, Soltec, Arctech, GameChange Solar, Trina Solar, AllEarth Renewables, Xiamen Grace Solar Technology, Lingyang Technology Inc., are among others. The Solar PV Tracker Market is a consolidated market due to increasing competition, acquisitions, mergers and other strategic market developments and decisions to improve operational effectiveness.
January 2024: Arctech expands its footprint in turkey and has signed a strategic partnership agreement with Alpon Energy which is a Turkish company with expertise in solar energy EPC works and single-axis solar tracking systems. The strategic partnership agreement stipulates that Alpon Energy will serve as a valued partner to Arctech, offering project management, logistical support, exploration of local opportunities, and the technical services including installation supervision and commissioning assistance for the products within the designated territories.
April 2024: GameChange Solar announced a collaboration with Jiangsu Zhenjiang New Energy Equipment Co. Ltd. (JZNEE). This strategic alliance aims to bolster local manufacturing capabilities for Solar Tracker components in the Middle East. Under the partnership agreement, JZNEE will establish a local manufacturing facility in Dammam, KSA, for producing Solar Tracker components for GameChange Solar’s Genius Tracker.
June 2024: Soltec and TSE has signed a strategic partnership for the launch of agrivoltaics in France. This alliance will allow Soltec and TSE to combine their innovation and expertise for creating solutions tailored to the specific needs of French agriculture. The high quality of the solar trackers of Soltec, combined with the technology of TSE, will allow the development of more efficient solutions tailored to the specific needs of French agriculture
June 2023: Ideematec secured 3rd project in Merak Solar Cluster, further expanding presence in Sub-Saharan Africa. This achievement solidifies Ideematec's position as a player in the renewable energy industry. With a total capacity of 388MWp, the Merak Solar cluster will be powered by Ideematec's flagship L: TEC 1P tracker technology
| Report Attribute/Metric | Details |
| Market Size 2024 | USD 11.43 Billion |
| Market Size 2025 | USD 12.63 Billion |
| Market Size 2035 | USD 30.88 Billion |
| Compound Annual Growth Rate (CAGR) | 10.0% (2025-2035) |
| Base Year | 2024 |
| Forecast Period | 2025-2035 |
| Historical Data | 2019-2023 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Axis Type, By Technology, By Drive, By End-User |
| Geographies Covered | North America, Europe, Asia Pacific, South America, Middle East & Africa |
| Countries Covered | The US, Canada, Mexico, Germany, France, the UK, Spain, Italy, Poland, Netherlands, Belgium, Austria, China, India, Japan, Thailand, South Korea, Brazil, Argentina, Chile, Saudi Arabia, Qatar, Oman, UAE, South Africa |
| Key Companies Profiled | Nextracker Inc., Array Technologies, PVHardware, MECASOLAR, IDEEMATEC, Soltec, Arctech, GameChange Solar, Trina Solar, AllEarth Renewables, Xiamen Grace Solar Technology, Lingyang Technology Inc., |
| Key Market Opportunities | ·        Growing energy demand and security ·        Development of advanced technologies |
| Key Market Dynamics | ·        Rising demand for off-grid solar panel systems ·        Rising environmental concerns and regulations |
Solar PV Tracker Market Highlights:
Frequently Asked Questions (FAQ) :
USD 11.43 Billion is the Solar PV Tracker Market in 2024
The Single Axis segment by Axis Type holds the largest market share and grows at a CAGR of 10.2 % during the forecast period.
Asia-Pacific holds the largest market share in the 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., are prominent players in the Solar PV Tracker Market.
The Industrial segment dominated the market in 2024.
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Research Analyst Level I In her 3 years of experience in the market research field, she has handled critical cross-domain projects. she has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.she holds an engineering degree and is an mba professional from a well-known university, capable of evaluating the market and competitive conditions. an exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. generated business through active client and project development, networking, and high-quality responses. her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.
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