The global solar trackers market is on a steep upward trajectory, driven by the growing demand for renewable energy and the relentless pursuit of greater efficiency in solar power generation. Valued at US$ 9.4 billion in 2024, the industry is projected to expand at a CAGR of 14.0% from 2025 to 2035, reaching an impressive US$ 39.7 billion by the end of 2035. The market’s strong momentum reflects a confluence of supportive policy frameworks, rapid technology innovation, and increased solar capacity installations across the world.
Analysts’ Viewpoint: The Drive Toward Optimized Solar Energy Generation
The solar trackers market is witnessing exponential growth as governments and developers seek to maximize the economic and environmental value of solar projects. Solar trackers—mechanical systems that orient solar panels toward the sun throughout the day—can increase energy yield by 15% to 35% compared to fixed-tilt installations. This higher yield significantly reduces the levelized cost of electricity (LCOE), a critical benchmark in renewable project economics.
Solar trackers are especially dominant in utility-scale solar farms, where the incremental power gain translates into major financial benefits. As global energy markets pivot toward renewables, the adoption of single-axis and dual-axis trackers is expanding rapidly, particularly in regions prioritizing large-scale solar deployments.
Global Market Overview: Precision Meets Performance
Unlike fixed-tilt solar arrays, which remain stationary, solar trackers adjust panel orientation dynamically to follow the sun’s trajectory. Single-axis trackers (SATs) typically track the sun from east to west, while dual-axis trackers offer both horizontal and vertical movement, enabling higher precision and year-round optimization.
This continuous tracking not only enhances the efficiency of photovoltaic (PV) systems but also optimizes space usage and reduces the land footprint per megawatt of generation. Consequently, solar trackers are becoming an integral component in projects aiming for better return on investment (ROI) and sustainable scalability.
Market Drivers: Policy, Innovation, and Localization Synergies
1. Rising Demand for Cost-Efficient, High-Yield Solar Energy
One of the key growth drivers for the solar tracker industry is the demand for maximizing energy output at lower costs. With competition intensifying among solar developers, the financial feasibility of projects hinges on energy yield. Trackers offer a proven advantage by delivering up to 35% higher generation over fixed systems.
Moreover, the combination of bifacial modules with single-axis trackers is revolutionizing project design. Bifacial panels capture light from both sides—direct and reflected—making them ideal for horizontal tracking systems. This synergy enhances energy capture efficiency, making solar projects more competitive and environmentally sustainable.
2. Policy Incentives and Local Manufacturing Push
Government policies are reinforcing the momentum of solar tracker adoption. The U.S. Inflation Reduction Act (IRA), for example, offers generous tax credits and domestic content incentives that directly benefit tracker manufacturers and project developers. These incentives have encouraged companies like Nextracker and Array Technologies to establish manufacturing hubs in North America, ensuring resilient local supply chains and reduced import dependencies.
Similarly, in China and India, state-backed renewable energy initiatives, large-scale solar tenders, and grid modernization programs are catalyzing demand for tracker-equipped solar farms. The localization of production not only reduces logistics and tariff-related costs but also improves delivery lead times—making trackers more economically attractive for developers.
3. Technological Advancements and System Integration
The industry’s technological evolution is marked by intelligent control systems, self-powered actuators, and enhanced weather resistance. Companies are increasingly integrating smart sensors and AI-based algorithms to optimize panel movement, reduce maintenance, and improve grid stability.
Product Segment Analysis: Single-Axis Trackers Dominate
The single-axis solar tracker (SAT) segment holds the lion’s share of the global market, and for good reason. SATs provide an ideal balance between energy yield and system cost. They are more affordable and easier to maintain than dual-axis trackers while still offering substantial performance gains—typically 15–25% higher output than fixed installations.
With the global proliferation of bifacial modules, the compatibility and cost-effectiveness of SATs have become even more appealing. These systems are particularly suited for large, flat utility-scale installations, common in North America, Latin America, and Asia-Pacific. Developers favor SATs for their scalability and proven reliability in reducing LCOE across diverse geographies.
Regional Insights: North America Leads, Asia-Pacific Accelerates
North America: The Epicenter of Solar Tracker Innovation
Holding an estimated 36.5% market share, North America is the global leader in solar tracker adoption. The U.S., under the Inflation Reduction Act, continues to drive unprecedented levels of utility-scale solar installations supported by domestic manufacturing and innovation. Companies like Nextracker and Array Technologies are spearheading this growth, leveraging incentives and localized production to maintain cost leadership.
Additionally, North America’s focus on grid integration and reliability positions solar trackers as a critical component of future energy infrastructure. The combination of single-axis tracking and bifacial modules significantly enhances LCOE competitiveness, attracting institutional investors to renewable projects.
Asia-Pacific: Expanding Renewable Frontiers
Asia-Pacific is emerging as the second-largest regional market, driven by ambitious solar capacity targets in China and India. The region’s shift toward utility-scale solar farms is rapidly accelerating the adoption of tracker-based systems. Chinese firm Arctech Solar is a major contributor, expanding manufacturing and supply chain networks to meet surging domestic and export demand.
Other countries within the region, such as Japan and ASEAN members, are also increasing investments in solar infrastructure—reinforcing APAC’s role as a critical growth engine for the global market.
Competitive Landscape: Strategic Acquisitions and Product Diversification
The solar tracker industry features several dominant players, including Nextracker, Array Technologies, Arctech Solar, Soltec Power Holdings, PV Hardware, and GameChange Solar. These companies are investing heavily in RD, supply chain localization, and vertical integration to improve efficiency and cost control.
In 2025, Nextracker acquired Bentek’s Electrical Balance of System (eBOS) business, broadening its offering from mechanical trackers to electrical and cabling integration.
Around the same time, Array Technologies announced the acquisition of APA Solar, a move that strengthens its foundation and mounting system capabilities. This integration strategy ensures tighter project coordination, lower installation costs, and reduced exposure to material price volatility.
Through such strategic expansions, major manufacturers are evolving into end-to-end solar infrastructure providers, offering complete mechanical and electrical integration solutions for large-scale PV installations.
Outlook and Future Opportunities
Between 2025 and 2035, the solar tracker industry will continue its rapid ascent, fueled by decarbonization goals, advancing technologies, and favorable economics. The integration of AI-based optimization, IoT monitoring, and hybrid solar-wind systems will further enhance the reliability and return potential of tracker-equipped installations.
As more countries align with net-zero emission targets, solar trackers will play an indispensable role in delivering consistent, cost-efficient renewable energy. The shift toward modular, bifacial, and digitalized solar farms signifies a pivotal transformation in global energy systems—one where solar trackers stand as the cornerstone of next-generation solar infrastructure.
