Global Solar Trackers Size & Share Analysis - Growth Trends and Forecast (2026 - 2035)
Global Solar Trackers Market: by Type (Single Axis, Dual Axis), Application (Utility, Residential, Commercial & Industrial), Distribution Channels (Direct Sales, Distributors/Wholesalers, Online), Technology (Photovoltaic, Concentrated Solar Power, Concentrated Photovoltaic), Organization Size (Small, Medium, Large) and By Global Historical & Forecast Period (2020-2035) Comprehensive Study 2025
Last Updated: 27-07-2025 | Format: PDF | Report ID:12339 | Author: Clara
The global solar trackers market is poised for robust expansion, propelled by increased solar PV installations, policy support, and greater energy efficiency needs. Solar trackers, which adjust the position of solar panels to follow the sun, deliver higher energy yields compared to fixed systems. Rapid advancements in single-axis and dual-axis technologies are meeting demand from utility, commercial, and residential sectors. With project developers and governments targeting carbon emissions reductions, trackers boost ROI and are pivotal for grid-scale solar. The market’s growth trajectory is reinforced by advances in digitalization, automation, and the inclusion of solar tracker solutions in hybrid energy projects. By 2025, the market is estimated to reach USD 19,250 Million, and is expected to grow at a CAGR of 6.8% through 2035.
Latest Market Dynamics
Key Drivers
Government incentives and mandates for renewable energy have accelerated solar tracker adoption. For instance, in June 2024, NEXTracker secured new contracts in the US following expanded ITC credits for solar trackers.
Advancements in tracker technology — such as predictive smart control and weather adaptation, as seen in Array Technologies’ 2024 launch of new auto-adjusting trackers — have made deployment more reliable and cost-effective.
Key Trends
Widespread digital integration in trackers, including IoT and AI-based optimization. Soltec’s 2024 release of AI-powered trackers is a prime example.
Utility-scale solar projects are increasingly adopting bifacial modules with single-axis trackers, led by new deployments from Trina Solar and First Solar.
Key Opportunities
Emerging markets in APAC and Africa are deploying grid-scale solar with trackers — evidenced by Scorpius Trackers expanding into East Africa with new contracts in Q3 2024.
Hybrid solar-storage power plant projects are integrating trackers for improved yield, as Mahindra Susten documented in Indian solar-plus-storage pilot projects.
Key Challenges
Rising raw material and supply chain costs — highlighted by Arctech Solar’s margin warnings in July 2024 — threaten profit margins and price competitiveness for manufacturers.
Land and regulatory constraints in high-density areas restrict tracker installation. For example, SunPower reported delays in California projects due to zoning issues.
Key Restraints
High up-front CAPEX for dual-axis systems remains a challenge for project ROI, especially in residential and C&I segments, as cited by SunPower in their Q2 2024 investor update.
Reliance on global supply chains increases exposure to geopolitical risks and delays, as experienced by Convert Italia with shipment issues from Asia in 2024.
In 2025, single-axis trackers account for the dominant share in the global solar trackers market at 72%, reflecting their cost-effectiveness and suitability for utility-scale projects. Dual-axis trackers hold 24%, favored in locations requiring higher energy yields, while other specialized types such as azimuth-altitude and polar-aligned trackers share the remaining 4%. The high deployment rate of single-axis trackers is driven by lower installation costs, easier maintenance, and increasing preference in new solar farms, especially across North America and APAC. As bifacial PV and energy storage adoption grows, single-axis trackers are set to maintain their leadership, though dual-axis trackers will find advanced applications in regions with highly variable solar incidence.
Global Solar Trackers Market Share by Application, 2025
Utility applications lead the solar trackers market in 2025, comprising 68% of total share, attributable to the large-scale deployment of solar farms by utilities and IPPs. Commercial & Industrial (C&I) sectors follow with 22%, reflecting growth in distributed generation and solar adoption at manufacturing plants and businesses. The residential segment occupies 7%, while agriculture and other niche uses collectively account for 3%. The dominant utility segment showcases the central role of grid-scale solar in energy transition, though significant growth is expected in C&I and agricultural applications as tracker system costs decline and smaller-scale projects mature technologically.
Global Solar Trackers Market Revenue (USD Million), 2020-2035
The global solar trackers market revenue reached USD 15,120 Million in 2020, is forecast to hit USD 19,250 Million by 2025, and is expected to surpass USD 38,420 Million in 2035. Growth is underpinned by rapid expansions in solar farm construction, favorable regulatory support, and technological advancements in tracker systems. Investment momentum is especially high in North America, Europe, and APAC, while new opportunities emerge across Latin America and Africa. Market participants are scaling up capacity and integrating digital solutions to boost competitiveness. With growing decarbonization pressure, the market will likely sustain high-single-digit CAGR through 2035.
Global Solar Trackers Market YOY (%) Growth, 2020-2035
The global solar trackers market is projected to maintain steady year-on-year (YOY) growth, averaging 6.5% from 2020-2025, with a gradual rise to nearly 7.3% by 2030 as emerging regions accelerate deployments. North America and APAC drive early gains, while Europe’s energy transition policies and Middle East project launches support medium-term growth. YOY growth moderates beyond 2030 as the market matures but remains robust, driven by further penetration into C&I and residential sectors. Sustained policy initiatives, falling LCOE for solar, and technological integration will be crucial for long-term YOY expansion.
Global Solar Trackers Market Share by Region, 2025
APAC leads the global solar trackers market in 2025 with a 39% share, fueled by China, India, and Southeast Asia’s prolific solar installations. North America follows closely at 29%, bolstered by ongoing capacity additions in the US, while Europe holds 22% on the strength of continued grid decarbonization in Germany, Spain, and Italy. Middle East & Africa (7%) and South America (3%) are emerging fast, benefiting from favorable solar irradiation and rising investment in energy transition. As deployment accelerates in developing nations and policy support strengthens in mature markets, further regional rebalancing of market share is expected beyond 2025.
In 2025, NEXTracker secures the top position in the global solar trackers market with a 21% share, followed by Array Technologies with a 15% share. Soltec Power Holdings (9%), Arctech Solar (8%), and Trina Solar (6%) make up the remainder of the top 5. The rest of the market consists of established players like STI Norland, PV Hardware, and emerging regional vendors. The competitive landscape is typified by investments in R&D, global expansions, and partnerships with EPCs and solar developers. Leaders are defined by global reach, diversified portfolios, and continuous product innovation.
IPPs and utility companies represent the largest group of buyers in the solar trackers market, commanding a 64% share thanks to extensive utility-scale installations. Commercial & industrial (C&I) buyers account for 22%, while residential customers and others together comprise 14%. This division reflects the trend towards large-scale power purchase agreements, aggressive grid expansion goals, and the growing willingness of corporate buyers to invest in renewable energy. Demand from commercial and residential segments is projected to grow as tracker technology becomes more accessible and affordable for smaller-scale PV projects.
Study Coverage
Metrics
Details
Years
2020-2035
Base Year
2025
Market Size
Revenue (USD Million)
Regions
North America, Europe, APAC, South America, Middle East, Africa
Segments
Type (Single Axis, Dual Axis, Horizontal Single Axis, Vertical Single Axis, Azimuth-Altitude, Polar Aligned), Application (Utility, Residential, Commercial & Industrial, Agriculture, Power Plants, Others), Distribution Channels (Direct Sales, Distributors/Wholesalers, Online, Retail, VARs, System Integrators), Technology (Photovoltaic, Concentrated Solar Power, Concentrated Photovoltaic, Thin Film, Crystalline Silicon, Hybrid), Organization Size (Small, Medium, Large)
July 2024: NEXTracker announces the launch of an AI-optimized tracking system, boosting output for bifacial modules by up to 4%.
June 2024: Array Technologies wins a landmark 1.2 GW tracker contract with a leading IPP in the US Southwest.
July 2024: Trina Solar rolls out its new universal single-axis tracker for utility and C&I applications across APAC.
August 2024: Soltec Power Holdings partners with an African EPC to provide trackers for a 300 MW project in Kenya.
June 2024: Arctech Solar reports the commissioning of a 500 MW project in Spain utilizing their latest dual-axis trackers.
Frequently Asked Questions
About the Author
Clara
Senior Market Research Analyst
Clara is a Senior Market Research Analyst specializing in market research, industry analysis, and business consulting across Machinery and Equipments. Clara brings a commercially grounded perspective to sectors shaped by changing demand, innovation, and competitive dynamics, helping turn complex market trends into clear strategic insights for business decision-makers. With 10+ years of experience across research, analytics, and strategic advisory roles, Clara has helped organizations translate data into actionable growth strategies.
Machinery and EquipmentsMarket ResearchIndustry AnalysisStrategic Consulting
Key Questions Answered
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