The Solar Tracker for Power Generation Market is estimated to be valued at USD 8.3 billion in 2025 and is projected to reach USD 16.6 billion by 2035, registering a compound annual growth rate (CAGR) of 7.2% over the forecast period.
| Metric | Value |
|---|---|
| Solar Tracker for Power Generation Market Estimated Value in (2025 E) | USD 8.3 billion |
| Solar Tracker for Power Generation Market Forecast Value in (2035 F) | USD 16.6 billion |
| Forecast CAGR (2025 to 2035) | 7.2% |
The solar tracker for power generation market is expanding rapidly due to increasing global investments in renewable energy, supportive policy frameworks, and the need for higher efficiency in solar installations. Rising electricity demand, combined with international commitments toward reducing carbon emissions, has accelerated the deployment of advanced solar tracking technologies.
Single axis and dual axis trackers are being widely adopted to improve energy yield by optimizing the orientation of photovoltaic panels. Continuous technological enhancements, such as integration with AI and IoT for predictive maintenance and performance optimization, are further strengthening adoption.
Utility scale projects remain the primary drivers of market growth, but emerging opportunities in residential and commercial installations are also contributing. The outlook is strong as governments, energy providers, and private investors emphasize cost efficiency, sustainability, and the scaling up of solar infrastructure to meet clean energy goals.
The single axis tracker segment is expected to hold 63.50% of total revenue by 2025, establishing it as the leading product type. Its dominance is supported by lower installation and maintenance costs compared to dual axis systems, making it more attractive for large scale solar projects.
The ability to significantly increase energy output while maintaining cost efficiency has reinforced widespread adoption. Its relatively simple design and operational reliability have further contributed to strong market penetration.
Growing utility scale deployments across regions with high solar irradiation have also favored this configuration, cementing its leadership in the product category.
The PV technology segment is projected to contribute 71.20% of market revenue by 2025, positioning it as the most dominant technology. Its share is driven by the extensive deployment of photovoltaic panels worldwide, owing to falling module costs, scalability, and efficiency improvements.
Integration of solar trackers with PV panels has been recognized as a key method to maximize power generation and enhance return on investment. The modular nature of PV systems allows for flexible deployment across utility, commercial, and residential projects, further solidifying their market position.
As the cost per kilowatt hour of PV generated power continues to decline, the reliance on trackers for performance optimization has intensified, reinforcing this segment’s leadership.
The residential application segment is anticipated to account for 12.60% of market revenue by 2025, highlighting its emerging but important role in overall market dynamics. This growth is attributed to rising household adoption of rooftop solar systems, supported by subsidies, net metering policies, and consumer interest in energy independence.
The incorporation of single axis trackers in residential PV installations has enabled households to improve efficiency and optimize available roof space. Growing awareness of long term savings, coupled with environmental responsibility, has encouraged residential consumers to invest in solar tracking technologies.
While utility scale projects dominate, the residential segment is projected to demonstrate steady growth, reflecting the broader transition toward decentralized energy generation.
The market was valued at USD 5.8 billion in 2020 and is estimated to reach USD 16.6 billion by 2035. Solar tracker devices are widely used to improve efficiency for generating electricity from sunlight. The rising consumer demand for renewable energy and reduced costs are increasing the adoption of solar trackers for power generation.
The government also initiatives plans to support renewable energy. The rising demand for solar power in end-use industries such as industrial, commercial, and residential are driving the market size.
Based on product type, single axis dominates the global market by securing a share of 45% during the forecast period. The increasing demand for cost-effective and improved solar energy performance is increasing the adoption of the single-axis solar tracker. Single-axis solar trackers move in a single direction, such as vertically or horizontally.
The single-axis solar tracker enhances energy generation and maintains alignment with sunlight. However, the dual-axis solar tracker can move rotational, horizontally, and vertically to track sunlight more accurately.
It is expensive and requires excellent maintenance work compared to single-axis solar trackers. Between both, the single-axis solar tracker is leading the global market due to its easy installation and budget-friendly.
Based on application, the residential sector is leading the global market by capturing a share of 38% during the forecast period. The rising demand for electricity, renewable energy, and solar installation is upsurging the market growth. The rising demand for renewable energy by residential owners to perform better results ultimately drives the residential industry.
Solar trackers increase power generation performance with the availability of sunlight. The solar tracker can be installed on the roof, vacant land, and surfaces with excess sunlight. It is suitable for a homeowner to save their electricity costs with excellent energy production. Conversely, the commercial and industrial sectors also contribute to securing a relevant global market share.
Consumers are installing this solar tracker according to their daily budget, space, and energy consumption. Therefore, the residential sector is leading in the market due to the growing demand for renewable energy.
Country-wise Insights:
| Countries | Projected Share (2025 to 2035) |
|---|---|
| USA | 20.9% |
| United Kingdom | 5.3% |
| China | 8.4% |
| Japan | 4.1% |
| Australia | 1.7% |
| India | 8.8% |
| Germany | 2.6% |
The United States of America is a prior leader in the global market by securing a share of 20.9% by 2035. The United States of America is a leading country in growing the demand for renewable energy and solar tracker for better performance. Key companies in the United States of America are launching new and advanced solar trackers to expand the market growth.
These companies include NEXTracker, GameChange Solar, and Array Technologies. These prominent companies highlight the market at the international level with their innovations and research activities.
The United States of America solar tracker for the power generation market is highly competitive and estimated to remain the same in the coming years.
India is one of the significant global markets estimated to capture a share of 8.8% by 2035. The government of India has a target to achieve its goal of promoting solar energy and generating more solar plant installations in the coming years. The growing population, lack of electricity cut-offs, and increasing demand for renewable energy drive the Indian market.
Solar trackers' growing popularity and innovative new products with advanced technologies for better and more efficient performance upsurge the market size. The key companies in the Indian Market are Scorpio Trackers, Mahindra Susten, and NEXTracker.
The manufacturers are adopting strategic plans such as product innovation, brand awareness, and advertising to reach relevant audiences and increase sales. The increasing demand for clean energy and growing solar projects fuel the Indian solar tracker for the power generation market during the forecast period.
China is a significant consumer and producer of solar energy globally, registering a share of 8.4% by 2035. The increasing demand for solar trackers due to the decline in the cost of solar technology is rising in China's market growth. The government of China provides subsidies and promotes renewable and clean energy in the country.
In the coming years, China aims to produce 70% energy from non-fossil fuel to support natural energy. China's government is implementing several solar projects to reduce pollution and promote sustainability. Several key companies in China are developing unique and innovative solar trackers as per end-users' requirements. These companies are installing solar trackers, control systems, and maintenance services.
A few key companies in China include Nextracker, Soltec, Arctech Solar, and others. The rising government favor, key manufacturers, research and development activities, and reduced costs are advancing China's solar tracker for the power generation market.
The United Kingdom is estimated to capture a share of 5.3% in the global market by 2035. The rising consumers demand solar tracker devices and increasing investment fuel the market growth in the United Kingdom.
The growing demand for electricity, renewable and clean energy in end-use industries. These industrial, commercial, and residential industries are propelling the market size in the country.
Solar panels generate around 25% of clean energy efficiency in the United Kingdom. In 2024, the country reached 13.5 GW generating electricity. The government is estimated to promote zero carbon emissions and 100% renewable energy in the country by 2050.
These factors are estimated to upsurge the United Kingdom solar tracker for the power generation market during the forecast period.
The manufacturers play a vital role in the market growth through their efforts and dedication. They develop new product launches, improve technology and increase production capacity to expand the market growth. Here are a few steps on which these manufacturers are growing the market:
The prominent players are performing a crucial role in the global market. They are launching, promoting, advertising, and investing in research and development activities. The essential players are adopting several marketing methodologies to uplift market growth. Their marketing strategies are acquisitions, partnerships, product launches, agreements, and collaborations.
Other Essential Players in the Market are:
Recent Development in the Global Market are:
| Attribute | Details |
|---|---|
| Forecast Period | 2025 to 2035 |
| Historical Data Available for | 2020 to 2025 |
| Market Analysis | USD billion for Value |
| Key Countries Covered | United States, United Kingdom, Japan, India, China, Germany |
| Key Segments Covered | Product Type, Application, Technology, Region |
| Key Companies Profiled | Array Technologies Inc; SunPower Corporation; NEXTracker Inc; GameChange Solar; Soltec Energias Renovables, S.L.; Mahindra Susten Pvt. Ltd.; Scorpius Trackers Pvt Ltd; Covert Italia S.p.A.; Abengoa Solar, S.A.; Arctech Solar Holding Co., Ltd |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global solar tracker for power generation market is estimated to be valued at USD 8.3 billion in 2025.
The market size for the solar tracker for power generation market is projected to reach USD 16.6 billion by 2035.
The solar tracker for power generation market is expected to grow at a 7.2% CAGR between 2025 and 2035.
The key product types in solar tracker for power generation market are single axis and dual axis.
In terms of technology, pv segment to command 71.2% share in the solar tracker for power generation market in 2025.
Explore Similar Insights
Solar Tracker for Power Generation Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
Chat With
MaRIA
