Solar PV Tracker Market Report 2025 (Global Edition)

Global Solar PV Tracker Market Report 2025 Market Size Split by System Type (Parabolic Through, Power Towers, Linear Fresnel, Dish/Engine Type), by Component (Hardware, Software, Services), by Trackin...

Solar PV Tracker Market Report Description

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Solar PV Tracker Market Insights Video

Competitive Landscape of the Solar PV Tracker Market

The Solar PV Tracker market is characterized by intense competition, with numerous players vying for market share. Factors such as technological innovation, product reliability, pricing strategies, and service offerings determine the competitive landscape, driving companies to continuously strive for differentiation and market leadership. 

• In February 2024, Array Technologies launched enhancements to its Array STI H250 solar tracker, featuring a new driveline motion transmission system for a more precise and efficient tracking experience. Notable upgrades include reduced piles per tracker, improved tolerance for East-West tilt, and wider North-South angles between rows, making it ideal for challenging terrains. 

(Source: https://arraytechinc.com/press-release/array-technologies-launches-the-latest-version-of-its-dual-row-solar-tracker/)

Top Companies Market Share in Solar PV Tracker Industry: (In no particular order of Rank)

• NEXTracker
• Array Technologies
• Trina Solar
• SunPower Corporation
• ArcelorMittal Projects
• Soltec
• Convert Italia
• PV Hardware
• Arctech Solar
• Solar Steel
• Ideematec
• SunPower
• Scorpius Trackers
• Sun Action Trackers
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

North America dominated the market in 2024 and accounted for around 40% of the global revenue.

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. Government incentives and favourable policies encourage solar energy adoption, bolstering sales. The region's robust infrastructure supports large-scale solar projects, attracting investments. Thirdly, increasing environmental awareness prompts businesses and consumers to embrace renewable energy solutions, driving demand. Additionally, technological advancements and decreasing costs make solar PV trackers more accessible. Lastly, partnerships between industry players and utilities streamline project development, further propelling sales growth.

Asia-Pacific is the fastest-growing region. Rapid industrialization and urbanization escalate energy demand, stimulating solar PV tracker installations. The supportive government initiatives and feed-in tariffs incentivize solar energy adoption, fostering market growth. Thirdly, the region's abundant sunlight resources make solar energy an attractive option. Additionally, increasing environmental concerns drive the shift towards renewable energy sources. Furthermore, advancements in technology and manufacturing processes lower costs, making solar PV trackers more affordable for consumers and businesses alike.

The current report Scope analyzes Solar PV Tracker Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Solar PV Tracker Market Analysis

According to Cognitive Market Research, the global solar PV tracker market size was estimated at USD 4852.2 Million out of which North America held the major market of around 40% of the global revenue with a market size of USD 1940.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031. In North America, sales of solar PV trackers are poised to increase due to several factors. Firstly, stringent environmental regulations and the push towards renewable energy drive demand. Secondly, the abundance of open spaces and vast land availability make utility-scale solar projects feasible. Additionally, technological advancements and innovative financing models make solar installations more attractive to consumers and businesses. Moreover, the growing trend of corporate sustainability initiatives encourages commercial adoption. In this region, the single-axis solar PV tracker segment is expected to see significant growth, driven by its proven efficiency and cost-effectiveness in utility-scale projects.

Europe Solar PV Tracker Market Analysis

According to Cognitive Market Research, with a market value of USD 4852.2 million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031. Europe accounted for a share of around 30% of the global market size of USD 1455.66 million. In Europe, sales of solar PV trackers are set to increase due to various factors. Firstly, ambitious renewable energy targets and commitments to decarbonization stimulate demand. Secondly, supportive government policies and feed-in tariffs incentivize solar energy adoption. Additionally, advancements in technology and manufacturing processes drive cost reductions, making solar installations more economically viable. Moreover, the increasing emphasis on energy independence and security fuels residential and commercial installations. In Europe, the hardware segment holds the highest market share, driven by the demand for quality components in solar PV systems.

Asia Pacific Solar PV Tracker Market Analysis

According to Cognitive Market Research, the global solar PV tracker market size was estimated at USD 4852.2 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1116.01 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031. The Asia Pacific region is poised to witness a surge in sales of solar PV trackers for several reasons. Firstly, rapid industrialization and urbanization escalate energy demand, driving solar installations. Secondly, favourable government policies and incentives, combined with declining technology costs, accelerate adoption. Additionally, the region's abundant sunlight resources make solar energy an attractive option. Moreover, growing environmental awareness and concerns about air pollution propel investments in renewable energy. In Asia Pacific, the dual-axis solar PV tracker segment is expected to dominate, given its superior energy capture capabilities in variable solar conditions

South America Solar PV Tracker Market Analysis

According to Cognitive Market Research, the global solar PV tracker market size was estimated at USD 4852.2 Million out of which Latin America market of around 5% of the global revenue with a market size of USD 242.61 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031. Sales of solar PV trackers in Latin America are expected to increase due to several factors. Firstly, rising energy demand and the need for diversification drive investments in solar energy. Secondly, favourable regulatory frameworks and government incentives encourage solar installations. Additionally, the region's vast land availability and favourable solar irradiance make it ideal for utility-scale projects. Moreover, partnerships with international organizations and financial institutions facilitate project financing. In Latin America, the residential segment is poised for significant growth, driven by increasing consumer awareness and affordability of solar PV systems.

Middle East Solar PV Tracker Market Analysis

According to Cognitive Market Research, the global solar PV tracker market size was estimated at USD 4852.2 Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 97.04 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031. In the MEA region, sales of solar PV trackers are poised to increase for various reasons. Firstly, abundant sunlight and favourable climatic conditions make solar energy an attractive option for energy generation. Secondly, government initiatives to diversify energy sources and reduce dependence on fossil fuels drive investments in renewable energy. Additionally, the region's vast land availability and growing population fuel demand for utility-scale solar projects. Moreover, partnerships with international companies and technological advancements in solar tracking systems enhance market growth. In MEA, the commercial segment is expected to dominate, driven by the increasing adoption of solar energy by businesses for cost savings and sustainability.

Solar PV Tracker Market Analysis

System Type Segment Analysis

According to Cognitive Market Research, parabolic Through held the major market share over the forecast period due to proven reliability and efficiency in utility-scale projects. Additionally, technological advancements enhance performance, making it an attractive option. Moreover, established infrastructure and experience in deploying parabolic trough systems further drive sales. Furthermore, favorable government policies and incentives encourage adoption, boosting market growth.

Power towers are the fastest-growing category over the forecast period due to several factors. Technological innovations improve efficiency and reduce costs, enhancing market attractiveness. Additionally, increasing investments in large-scale solar projects propel demand for power tower systems. Moreover, scalability and adaptability to various terrains make them a preferred choice for utility-scale installations. Furthermore, rising environmental concerns and the need for sustainable energy sources further accelerate sales growth in this segment.

• Parabolic Through
• Power Towers
• Linear Fresnel
• Dish/Engine Type

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Solar PV Tracker Industry. Request a Free Sample PDF!

Component Segment Analysis

According to Cognitive Market Research, the hardware category held a prominent market share due to various factors. Firstly, the increasing adoption of solar PV systems drives demand for hardware components such as panels, inverters, and trackers. Additionally, advancements in technology improve the efficiency and reliability of hardware, making them more appealing to consumers. Moreover, economies of scale and streamlined manufacturing processes contribute to cost reductions, further boosting sales. Furthermore, the expanding residential and commercial solar markets worldwide fuel demand for hardware components.

Software is the fastest-growing category over the forecast period. The complexity of solar PV systems necessitates sophisticated software solutions for monitoring, control, and optimization. The advancements in artificial intelligence and data analytics enhance the functionality and performance of solar software, driving adoption. Additionally, the increasing integration of software into solar energy management systems improves efficiency and reliability, further boosting demand. Moreover, rising awareness of the importance of data-driven decision-making in solar projects accelerates the uptake of software solutions.

• Hardware
• Software
• Services

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Solar PV Tracker Tracking Type Segment Analysis

According to Cognitive Market Research, the single-axis solar PV tracker category held a prominent market share. Single-axis trackers offer a balance between cost-effectiveness and efficiency, making them a popular choice for utility-scale and commercial projects. Additionally, their ability to track the sun's movement along one axis significantly enhances energy capture compared to fixed-mount systems. Moreover, advancements in single-axis tracking technology improve reliability and durability, further driving adoption. Furthermore, economies of scale and streamlined manufacturing processes contribute to cost reductions, making single-axis trackers increasingly attractive to developers.

Dual-axis solar PV tracker is the fastest-growing category over the forecast period. Dual-axis trackers offer superior energy capture by continuously adjusting solar panels along both horizontal and vertical axes to track the sun's movement. This enhanced tracking capability results in higher energy yields, particularly in regions with variable solar conditions. Additionally, technological advancements improve the efficiency and reliability of dual-axis trackers, further driving adoption. Moreover, the increasing emphasis on maximizing energy production and optimizing land use in solar projects accelerates the uptake of dual-axis tracking systems.

• Fixed Solar PV Tracker
• Single Axis Solar PV Tracker
• Dual Axis Solar PV Tracker

Solar PV Tracker Drive System Segment Analysis

According to Cognitive Market Research, the active solar PV tracker category held a prominent market share. Active solar PV trackers utilize motors or actuators to adjust the position of solar panels, enhancing energy capture efficiency. This dynamic tracking capability results in higher energy yields, making them attractive for utility-scale and commercial installations. Additionally, advancements in control algorithms and sensor technology improve the accuracy and reliability of active trackers, further driving adoption. Moreover, active trackers offer flexibility in adjusting panel orientation and optimizing energy production in varying solar conditions.

Passive solar PV tracker is the fastest-growing category over the forecast period. Passive trackers operate without motors or actuators, relying on innovative design principles and natural forces such as gravity and thermal expansion to adjust panel orientation. This simplicity in design reduces maintenance requirements and upfront costs, making passive trackers a cost-effective solution for residential and small-scale installations. Additionally, passive trackers offer reliability and durability, appealing to consumers seeking low-maintenance renewable energy solutions. Moreover, the increasing focus on sustainability and energy efficiency drives demand for passive solar PV trackers in the residential and commercial sectors.

• Active Solar PV Tracker
• Passive Solar PV Tracker

Solar PV Tracker End-Use Segment Analysis

According to Cognitive Market Research, the residential category held a prominent market share. Growing awareness of environmental issues and the desire for energy independence drives homeowners to invest in solar PV systems. Additionally, government incentives and tax credits make solar installations more affordable for residential customers. Moreover, advancements in technology and streamlined installation processes reduce barriers to entry, further boosting sales in the residential segment.

The commercial is the fastest-growing category over the forecast period. Businesses increasingly prioritize sustainability and cost savings, leading to a greater demand for solar PV systems. The favorable policies and incentives encourage commercial entities to invest in renewable energy solutions. Additionally, advancements in financing options and third-party ownership models make solar installations more accessible to commercial customers. Furthermore, the potential for long-term energy cost savings drives adoption in the commercial sector.

• Residential
• Commercial
• Utilities

Author's Detail

Aarti Bagekari

Research Associate at Cognitive Market Research

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I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.

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