Solar Tracker Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Single Axis Tracker and Double Axis Tracker), By Technology (Photovoltaic and Concentrated Solar Tracker), By Application (Residential, Commercial and Utility), By Region and Competition 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 12.13 Billion
CAGR (2026-2031)	20.31%
Fastest Growing Segment	Commercial
Largest Market	North America
Market Size (2031)	USD 36.79 Billion

Market Overview

The Global Solar Tracker Market will grow from USD 12.13 Billion in 2025 to USD 36.79 Billion by 2031 at a 20.31% CAGR. A solar tracker is a mechanical device that orients photovoltaic panels toward the sun to maximize energy capture throughout the day. The primary drivers supporting market growth include the urgent need to reduce the Levelized Cost of Energy and the superior efficiency these systems offer over stationary mounting solutions. This demand is further bolstered by aggressive renewable energy targets worldwide that favor high performance utility technologies. According to SolarPower Europe, in 2024, global solar installations reached 597 GW, underscoring the rising demand for efficient infrastructure.

One significant challenge impeding market expansion is the high initial capital expenditure and complex maintenance associated with tracking technology. These systems involve moving components and control software that require a larger upfront investment and more rigorous upkeep compared to static alternatives. This financial burden can deter adoption in projects with limited budgets or in regions where mechanical reliability remains a primary concern.

Key Market Drivers

The rapid expansion of utility-scale solar infrastructure projects serves as the primary catalyst for the widespread adoption of tracking technology. Developers of large-scale solar farms increasingly mandate these systems to levelize energy production curves and improve grid integration, utilizing trackers to maximize the operational hours of the plant. This structural shift toward massive capacity additions is driving procurement volumes significantly higher. According to the U.S. Energy Information Administration, February 2024, in the 'Preliminary Monthly Electric Generator Inventory', developers reported plans to add 36.4 GW of utility-scale solar generating capacity in the United States in 2024 alone. This surge in installation volume directly correlates with tracker demand, as utility projects prioritize the marginal gains in output that tracking provides over fixed structures. To support such extensive infrastructure growth, financial commitment has scaled accordingly; according to the International Energy Agency, in 2024, global investment in solar PV was projected to grow to $500 billion, surpassing all other generation technologies combined.

The synergistic adoption of bifacial solar photovoltaic modules further enhances the value proposition and market penetration of solar trackers. Unlike monofacial panels, bifacial modules capture reflected sunlight from the ground, a phenomenon that is significantly optimized when combined with the dynamic movement and elevation of a tracking system to increase albedo capture. This technical pairing mitigates inter-row shading and maximizes rear-side irradiance, creating a compelling efficiency multiplier that justifies the additional hardware cost. The industry's pivot toward this dual-glass technology is substantial. According to the VDMA, April 2024, in the 'International Technology Roadmap for Photovoltaic 15th Edition', the market share of bifacial cell concepts was expected to reach nearly 90% in 2024. This technological convergence ensures that trackers remain an essential component for modern solar assets aiming to achieve the lowest possible levelized cost of energy through high-performance yields.

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Key Market Challenges

The high initial capital expenditure and complex maintenance requirements of solar trackers act as a substantial barrier to market adoption. Unlike stationary mounting structures, trackers utilize sophisticated electromechanical systems comprising motors, sensors, and actuators to align panels. This additional hardware significantly increases the upfront cost of projects, making them less financially viable for developers operating with tight margins or in emerging markets where capital is scarce. Consequently, the cost premium often forces project planners to opt for fixed-tilt solutions, which offer lower efficiency but greater financial certainty and simplicity.

Moreover, the rigorous operational demands of tracking technology further complicate its integration into large-scale infrastructure. The reliance on moving parts increases the susceptibility to mechanical failure, necessitating frequent and costly technical upkeep. This creates a challenging environment for investors who prioritize minimizing long-term operational risks. The magnitude of capital requiring careful allocation is evident in recent industry trends. According to the Global Solar Council, in 2024, global solar investment reached USD 500 billion. In such a capital-intensive landscape, the drive to protect this massive financial layout often leads stakeholders to avoid the compounded expenses associated with the lifecycle management of tracking systems, thereby hampering the sector's growth.

Key Market Trends

As prime flat land becomes scarce, developers are increasingly utilizing undulating sites, driving the adoption of flexible terrain-following tracker architectures. Unlike rigid systems requiring costly grading, these adaptive trackers use articulating joints to conform to natural topography. This lowers civil expenditures and preserves topsoil, making complex sites economically feasible. The operational benefit is significant; according to PV Magazine, August 2025, in the article 'PV Hardware offers new terrain-following tracker solution', the deployment of terrain-conforming features can lead to over 40% faster installation timelines by reducing material costs and labor requirements.

Simultaneously, the emergence of specialized agrivoltaic tracker solutions is resolving land-use conflicts between energy and food production. These systems use advanced algorithms to dynamically adjust panel angles, balancing energy generation with the specific light needs of underlying crops. This dual-use capability allows co-location without compromising agricultural output, expanding the addressable market. The potential scale is vast; according to TaiyangNews, July 2025, in the article 'Fraunhofer ISE Pegs Germany's Agrivoltaic Potential At 500 GW', a study by Fraunhofer ISE estimates that Germany alone has the potential to install up to 500 GW of solar capacity on suitable agricultural lands.

Segmental Insights

The Commercial segment is currently identified as the fastest-growing category in the Global Solar Tracker Market, driven by a surge in renewable energy adoption among corporate entities. Businesses are increasingly integrating solar tracking systems to maximize energy yield and achieve strict sustainability targets, such as net-zero carbon emissions. Data from the Solar Energy Industries Association regarding record levels of corporate solar investment supports this trend, highlighting a shift toward distributed generation. Furthermore, rising grid electricity tariffs are compelling enterprises to adopt efficient tracking technology to reduce operational costs and ensure energy security.

Regional Insights

North America holds a commanding position in the Global Solar Tracker Market, driven primarily by the United States' aggressive renewable energy targets and favorable policy mechanisms. The implementation of the Inflation Reduction Act and the Federal Investment Tax Credit significantly encourages the installation of utility-scale solar capacity, making tracking technology financially viable for developers. Additionally, the U.S. Department of Energy supports grid modernization efforts that prioritize high-efficiency generation, further cementing the region's leadership. This cohesive regulatory environment, combined with a mature supply chain, ensures North America remains the central hub for solar tracker deployment.

Recent Developments

• In October 2024, PV Hardware unveiled the AxoneDuo Infinity, a new solar tracker system specifically engineered for utility-scale applications. The product was designed to offer maximum adaptability to uneven terrain and could function with linked or unlinked rows, accommodating multiple string configurations. Company representatives highlighted that the system utilized an astronomical algorithm combined with GPS data to optimize panel positioning for increased energy generation. Additionally, the tracker featured a robust structure capable of withstanding adverse weather, confirming the company's focus on delivering durable and efficient solutions for the global renewable energy market.
• In September 2024, Array Technologies announced the development of a high-angle stow capability for its tracker systems, allowing solar modules to tilt up to 77 degrees. This engineering breakthrough was designed to provide superior protection against severe weather events, particularly large hail, which had become a growing concern for the insurance and solar industries. The company integrated this new feature with its proprietary weather response software to automatically position panels at a steep angle before a storm hit. This innovation aimed to minimize potential hardware damage and improve the long-term resilience of solar energy assets.
• In June 2024, Nextracker completed the acquisition of Ojjo, a specialized provider of foundation technology for utility-scale solar power plants. This strategic move was intended to integrate advanced geotechnical solutions with Nextracker's existing solar tracker systems, specifically addressing challenges posed by difficult soil conditions such as rocky terrain. By combining these technologies, the company aimed to provide a comprehensive solution that simplified the design and installation process for engineering, procurement, and construction partners. The collaboration focused on reducing project risks and enhancing the structural stability of solar assets across diverse global landscapes.
• In April 2024, Soltec introduced a new dual-row single-axis solar tracker known as the SFOneX, designed to enhance adaptability for utility-scale projects. The system featured a unique configuration where two rows were connected by a flexible transmission axis, which reportedly reduced the number of required motors and controllers by half. This design improvement aimed to lower installation and operational costs while minimizing the environmental impact on project sites. The company stated that the tracker was compatible with various module types and included self-powered operation capabilities to ensure reliability during distinct weather conditions.

Key Market Players

• Soltec Power Holdings SA
• Arctech Solar Holdings Co Ltd.
• Ideematec Deutschland GmbH
• Nextracker Inc.
• Valmont Industries Inc.
• PV Hardware Solutions S.L.U.
• Array Technologies Inc.
• Trina Solar Limited
• Powerway Renewable Energy Co. Ltd.
• Degerenergie GmbH & Co. KG

By Type	By Technology	By Application	By Region
Single Axis Tracker and Double Axis Tracker	Photovoltaic and Concentrated Solar Tracker	Residential Commercial and Utility	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Solar Tracker Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Solar Tracker Market, By Type:

• Single Axis Tracker and Double Axis Tracker

• Solar Tracker Market, By Technology:

• Photovoltaic and Concentrated Solar Tracker

• Solar Tracker Market, By Application:

• Residential
• Commercial and Utility

• Solar Tracker Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE