As per MRFR analysis, the US Solar PV Tracker Market Size was estimated at 719.55 (USD Million) in 2023. The US Solar PV Tracker Market Industry is expected to grow from 900(USD Million) in 2024 to 5,100 (USD Million) by 2035. The US Solar PV Tracker Market CAGR (growth rate) is expected to be around 17.08% during the forecast period (2025 - 2035).
Key US Solar PV Tracker Market Trends Highlighted
The US Solar PV Tracker Market is witnessing significant transformation driven by various factors. One of the key market drivers is the increasing emphasis on renewable energy solutions in response to climate change and energy independence. The federal and state governments are implementing policies that support solar power expansion, including tax incentives and renewable energy mandates. This commitment creates a favorable environment for investing in solar PV technologies, including trackers that improve efficiency by following the sun's path. Opportunities to be explored involve innovations in technology and product offerings. Enhanced single-axis and dual-axis solar trackers are being developed to maximize energy production and reduce installation costs.Moreover, as energy storage solutions become more widespread, integrating trackers with battery systems presents a promising avenue for improvement in energy management.
Additionally, incentives for solar energy adoption vary across states, creating diverse market conditions that can spur localized growth. Trends in recent times highlight a growing preference for solar projects in utility-scale applications driven by the need for large-scale energy solutions. The rise of community solar initiatives also indicates a shift towards inclusive access to solar energy, allowing more consumers to benefit, even without direct panel installation. Increased collaboration between industry players and utility companies marks another trend, with joint ventures focusing on deploying solar trackers more effectively across residential, commercial, and industrial sectors.The combination of these trends showcases a robust evolution within the US Solar PV Tracker Market, paving the way for a sustainable energy future.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
US Solar PV Tracker Market Drivers
Growing Demand for Renewable Energy Sources
The shift towards renewable energy sources in the United States is accelerating, primarily driven by climate change concerns and the need for energy independence. According to the U.S. Energy Information Administration (EIA), renewable energy consumption in the U.S. is expected to rise significantly, with solar energy projected to be a major contributor. In fact, solar energy is forecasted to account for approximately 20% of the total electricity generation mix by 2030, up from 12% in 2022.This strong commitment to boosting solar energy production directly correlates with the growth of the US Solar Photovoltaic (PV) Tracker Market Industry as solar trackers enable enhanced energy capture and efficiency. As more states implement renewable energy mandates, the demand for solar PV trackers is expected to surge. Furthermore, the Biden Administration has set a target to achieve a carbon-free power sector by 2035, further propelling investment in solar technologies and infrastructure that supports trackers.
Technological Advancements in Solar Tracking Systems
The technological advancements in solar tracking systems have greatly improved the efficiency and viability of solar projects in the U.S. Innovations such as dual-axis tracking systems allow solar panels to automatically adjust position to follow the sun throughout the day, thus maximizing energy capture. National Renewable Energy Laboratory (NREL) reports indicate that solar trackers can increase energy output by 20 to 50%, significantly enhancing the return on investment for solar projects.As power generation efficiency improves, more developers and investors are drawn to solar installations, resulting in a substantial growth in the US Solar PV Tracker Market Industry. The continuous Research and Development (R&D) efforts from various tech companies in the solar sector also contribute to this trend, making trackers a critical component of modern solar projects.
Supportive Government Policies and Incentives
Government policies and financial incentives in the U.S. are playing a crucial role in driving adoption of solar technologies, including photovoltaic trackers. Federal investment tax credits (ITCs) have been essential, allowing solar developers to deduct a percentage of their solar installation costs from federal taxes. According to the Solar Energy Industries Association (SEIA), this has led to a remarkable 167% increase in installed solar capacity in the past five years.State-level incentives like Renewable Portfolio Standards (RPS) and local subsidies also promote the installation of solar energy systems, creating favorable market conditions for the US Solar PV Tracker Market Industry. These supportive policies encourage both residential and commercial installations, boosting demand for solar tracking systems that enhance energy output.
Increasing Corporate Sustainability Initiatives
Many corporations across the U.S. are increasingly adopting sustainability initiatives aimed at reducing their carbon footprints and contributing to environmental goals. According to a report by the Environmental Protection Agency (EPA), more than 200 companies have committed to sourcing 100% of their electricity from renewable sources, fundamentally influencing the demand for solar energy solutions. With major corporations such as Google and Amazon investing heavily in solar projects, the need for efficient solar technologies, like photovoltaic trackers, becomes vital to achieving their energy targets.Corporations see solar PV trackers as a means to enhance energy efficiency and optimize their renewable energy portfolios. This movement in corporate America significantly boosts the US Solar PV Tracker Market Industry, paving the way for further growth in the coming years.
US Solar PV Tracker Market Segment Insights:
Solar PV Tracker Market Power Type Insights
The US Solar PV Tracker Market is experiencing rapid expansion, driven by increasing demand for renewable energy solutions and the push for sustainable practices across various sectors. Within this market, the Power Type segment plays a critical role in the effective generation and utilization of solar energy. The segment comprises several key technologies, including Solar Photovoltaic (PV), Concentrated Solar Power (CSP), and Solar Thermal. Each of these technologies contributes uniquely to the overall energy landscape in the United States, addressing differing energy needs and optimizing resource use. Solar PV technology stands out as a leading approach, leveraging semiconductor materials to convert sunlight directly into electricity, making it a preferred choice for residential, commercial, and utility-scale applications. CSP, on the other hand, relies on mirrors or lenses to concentrate a large area of sunlight, which is then used to produce heat that generates electricity, making it a significant player in large-scale power generation. This technology is particularly relevant for providing energy storage solutions, allowing facilities to generate power even when sunlight is not directly available.
Meanwhile, Solar Thermal systems utilize sunlight to produce thermal energy, which can be used in various heating applications, showing its versatility beyond just electricity generation. This Power Type segmentation underscores the diverse approaches adopted within the US Solar PV Tracker Market, reflecting both technological advancement and growing consumer awareness regarding renewable energy sources. The continuous investments in Research and Development aimed at enhancing efficiencies and reducing costs associated with these technologies are further driving market growth. According to recent statistics, the increase in governmental and organizational incentives supporting solar energy installations will likely encourage greater adoption of both PV and CSP technologies. Additionally, challenges related to energy storage capacities and integration with existing grids remain primary considerations for increasing the deployment of these systems.
By focusing on these diverse technologies within the Power Type segment, the US Solar PV Tracker Market not only promotes a cleaner energy future but also enhances overall grid resilience and energy independence, pivotal for meeting the nation’s energy demands sustainably. This segment's evolution is closely tied to the broader environmental goals set forth by various regulations and the national agenda to transition toward more sustainable energy sources. Consequently, the future appears promising for all technologies within the Power Type domain, as they work synergistically to formulate a collective response to the growing energy issues and climate challenges faced in the United States.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Solar PV Tracker Market Tracking Type Insights
The US Solar PV Tracker Market has witnessed significant developments in its Tracking Type segment, which includes categories such as Fixed-Tilt, Single Axis, and Dual-Axis trackers. Fixed-Tilt systems offer a simpler and more cost-effective solution, making them popular in regions where land costs are minimal. However, Single Axis trackers are increasingly favored for their ability to increase energy yield by adjusting the panel's position throughout the day, thus capturing more sunlight. This technology accounts for a substantial share of the market due to its effectiveness and lower installation complexity.On the other hand, Dual-Axis trackers, while often more expensive, provide maximum efficiency by adjusting both horizontally and vertically, especially in markets with varying sunlight angles. This level of precision can lead to impressive energy production, appealing to large-scale solar operators aiming to optimize their output. Overall, the Tracking Type segment demonstrates a diverse range of technologies, each addressing specific market needs, responding to both evolving consumer demands and advancements in renewable energy technologies.
Solar PV Tracker Market End-User Insights
The End-User segment of the US Solar PV Tracker Market is dynamic and showcases a diverse range of applications including Industrial, Commercial, and Utilities sectors. This segment plays a crucial role in shaping market growth, as the demand for renewable energy solutions continues to rise in the United States. The Industrial sector demonstrates a robust adoption of solar PV trackers to enhance energy efficiency and lower operational costs, showcasing the financial benefits associated with increased energy independence. The Commercial sector is witnessing a surge as businesses look to reduce their carbon footprints and meet sustainability goals, often driven by government incentives aimed at promoting clean energy.Meanwhile, the Utilities sector is embracing solar PV trackers extensively as they provide greater energy generation capabilities and support large-scale solar installations, which are essential to meeting the growing energy demands of the populace. With the increasing focus on sustainable practices, the End-User segment is set to play a pivotal role in driving the growth of the US Solar PV Tracker Market, as it aligns perfectly with the transition toward a greener energy landscape. This market has the potential to significantly innovate and enhance energy production efficiency as economies aim to meet their climate objectives.
Solar PV Tracker Market Drive System Type Insights
The Drive System Type segment of the US Solar PV Tracker Market highlights the shift towards more efficient solar energy solutions tailored to meet growing energy demands. Within this segment, the Active System is recognized for its ability to adjust the position of solar panels throughout the day, optimizing sunlight exposure and enhancing energy output. This flexibility has become increasingly important as utility-scale projects expand and the need for reliable energy sources accelerates. Conversely, the Passive System, while simpler in design, plays a vital role in specific applications where cost-effective, low-maintenance solutions are required.It typically requires less technological advancement, making it ideal for smaller installations. The combination of both systems reflects a comprehensive approach within the US Solar PV Tracker Market, where diverse energy needs can be met through tailored technological options. These market dynamics are driven further by rising energy costs, supportive policies, and advancements in photovoltaic technology. As a result, ongoing investments in infrastructure and Research and Development are expected to bolster the position of these drive systems, providing ample opportunities for growth and innovation in the industry.
US Solar PV Tracker Market Key Players and Competitive Insights:
The US Solar PV Tracker Market is characterized by rapid growth and significant innovations, driven by a combination of environmental policies, technological advancements, and increasing demand for renewable energy solutions. The market landscape is shaped by various factors, including government incentives, rising energy prices, and a heightened awareness of climate change, which collectively encourage the adoption of solar photovoltaic technology.
Competitive insights into this market reflect the interplay of established industry players and emerging startups, all vying for market share while advancing their technological capabilities. Analyzing competitive strategies, product offerings, and market positioning enables stakeholders to understand the dynamics of this sector more thoroughly and navigate its complexities effectively.Enphase Energy stands out in the US Solar PV Tracker Market with its innovative approach to solar energy solutions, primarily focusing on microinverters and energy management technology. The company's strengths lie in its ability to provide safe and efficient energy systems that maximize energy yield while enhancing the overall reliability of solar installations. Enphase Energy has established a robust presence in the market supported by a solid reputation for product quality and customer service. Its emphasis on software integration and advanced monitoring capabilities gives it a competitive edge, ensuring that users can optimize their energy consumption. Moreover, the company's commitment to continuous innovation fosters an environment where they are not only responding to current market needs but are also shaping future trends within the solar industry.Trina Solar also holds a prominent position in the US Solar PV Tracker Market, known for its extensive range of solar products and services, including high-quality solar panels and integrated solar solutions.
The company’s strengths lie in its strong manufacturing capabilities and a comprehensive portfolio that addresses various customer requirements, ranging from residential to large-scale commercial installations. Trina Solar has been proactive in forming strategic partnerships and pursuing mergers and acquisitions to enhance its market footprint in the US, which has allowed it to expand its technological capabilities and product offerings. With initiatives that focus on sustainability and innovative solar tracker technology, Trina Solar is well-positioned to cater to the growing demand for solar solutions while contributing to the advancement of the renewable energy sector. Its consistent investment in R&D underpins its commitment to delivering cutting-edge technologies that align with the evolving needs of the US market.
Key Companies in the US Solar PV Tracker Market Include:
US Solar PV Tracker Market Industry Developments
Recent developments in the US Solar PV Tracker Market have been marked by significant advancements and strategic movements among key players. In May 2023, Array Technologies showcased its new product line aimed at enhancing the efficiency and performance of its solar trackers, responding to the growing demand for renewable energy solutions. Enphase Energy announced in April 2023 a partnership with Q CELLS to integrate advanced solar technologies, facilitating increased adoption of solar systems across the country.
Furthermore, in June 2023, NextEra Energy acquired Hecate Energy, expanding its portfolio in utility-scale solar projects. The market has also seen a valuation increase, driven by the surge in solar installations spurred by government incentives and the push for clean energy. In the past two to three years, the US Solar PV Tracker Market has experienced a steady growth trend, as the total installed capacity became a focus for many renewable energy policies. Major companies such as First Solar and SunPower have reported positive earnings, signalling strong investor confidence, while the Biden administration's supportive policies for solar adoption continue to shape the sector's landscape.
US Solar PV Tracker Market Segmentation Insights
Solar PV Tracker Market Power Type Outlook
Solar PV Tracker Market Tracking Type Outlook
Solar PV Tracker Market End-User Outlook
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 719.55(USD Million) |
| MARKET SIZE 2024 | 900.0(USD Million) |
| MARKET SIZE 2035 | 5100.0(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 17.08% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Million |
| KEY COMPANIES PROFILED | Enphase Energy, Trina Solar, Sunnova Energy, Array Technologies, Hecate Energy, JinkoSolar, Duke Energy, Q CELLS, First Solar, Canadian Solar, SunPower, NextEra Energy, Meyer Burger Technology, SolarEdge Technologies, Nextracker |
| SEGMENTS COVERED | Power Type, Tracking Type, End-User, Drive System Type |
| KEY MARKET OPPORTUNITIES | Increased utility-scale projects, Technological advancements in tracking, Rising demand for renewable energy, Government incentives and policies, Solar asset monetization strategies |
| KEY MARKET DYNAMICS | technological advancements, regulatory incentives, cost reduction, increasing energy demand, sustainability initiatives |
| COUNTRIES COVERED | US |
Frequently Asked Questions (FAQ) :
The US Solar PV Tracker Market is expected to be valued at 900.0 USD Million in 2024.
By 2035, the US Solar PV Tracker Market is projected to reach 5100.0 USD Million.
The US Solar PV Tracker Market is anticipated to grow at a CAGR of 17.08% during the forecast period from 2025 to 2035.
The Solar PV segment is expected to be the largest, valued at 450.0 USD Million in 2024.
The Solar PV segment is anticipated to grow to 2700.0 USD Million by 2035.
The Concentrated Solar Power (CSP) segment is expected to be valued at 300.0 USD Million in 2024.
The CSP segment is estimated to reach 1500.0 USD Million by 2035.
The Solar Thermal segment is projected to be valued at 150.0 USD Million in 2024.
By 2035, the Solar Thermal segment is anticipated to grow to 900.0 USD Million.
Key players in the market include Enphase Energy, Trina Solar, and Array Technologies among others.
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