Solar Tracker Market Report 2026

Solar Tracker Market Overview

• Solar Tracker market size has reached to $12 billion in 2025 • Expected to grow to $24 billion in 2030 at a compound annual growth rate (CAGR) of 14.8% • Growth Driver: Driving Forces In Renewable Energy Accelerating Growth In The Solar Tracker Market For Power Generation • Market Trend: Nextracker Launches NX Horizon Low-Carbon Solar TrackerSingle-Axis Solar Tracking System To Maximize Energy Extraction • North America was the largest region in 2025.

What Is Covered Under Solar Tracker Market?

A solar tracker for power generation refers to positioning a photovoltaic panel at an optimum angle towards the sun to capture maximum sunlight and enhance the electricity production capacity of a solar plant. These are being used to generate clean energy and minimize carbon emissions during the power production process. It is used to generate power by enhancing the efficiency of solar panels by capturing the maximum solar energy and maximizing the solar panel output. The main products of solar trackers for power generation are the single-axis and dual-axis. Single-axis trackers refer to a technology that adjusts the position of a solar panel along an axis to follow the sun’s changing position throughout the passing days and years. The technologies used are PV and CSP. The various applications involved are residential, commercial, industrial, and utility.

What Is The Solar Tracker Market Growth Forecast?

The solar tracker market size is expected to see rapid growth in the next few years. It will grow to $24 billion in 2030 at a compound annual growth rate (CAGR) of 14.8%. The growth in the forecast period can be attributed to rising adoption of dual-axis trackers, expansion of pv-based utility projects, development of AI-optimized panel positioning, growth in tracker deployment for commercial and industrial rooftops, increasing emphasis on carbon-efficient power generation. Major trends in the forecast period include expansion of sustainable solar tracking technologies, advancement of autonomous tracking systems, development of smart factory-enabled tracker production, growth of IoT-based solar performance optimization, adoption of AI-driven sun positioning algorithms.

Global Solar Tracker Market Segmentation

1) By Axis Type: Single Axis, Dual Axis 2) By Technology: Solar Photovoltaic (PV), Concentrated Solar Power (CSP), Concentrated Photovoltaic (CPV) 3) By Application: Residential, Commercial & Industrial, Utility Subsegments: 1) By Single Axis: Horizontal Single Axis Trackers, Vertical Single Axis Trackers, Inclined Single Axis Trackers 2) By Dual Axis: Horizontal Dual Axis Trackers, Vertical Dual Axis Trackers, Polar Dual Axis Trackers

What Is The Driver Of The Solar Tracker Market?

The rising power demand for renewable energy sources is expected to propel the growth of solar trackers for the power generation market going forward. Renewable energy is the energy that comes from sources that are continuously replenished naturally, such as the sun, rain, geothermal heat, and waves. Solar trackers use renewable energy sources for the generation of power. For instance, in 2023, according to a report published by the U.S. Energy Information Administration (EIA), a US-based agency, U.S. utility-scale electricity generation from hydropower reached 240 billion kWh, accounting for 5.7% of the total energy share. Therefore, the growing demand for renewable energy sources drives the ocean energy market.

Key Players In The Global Solar Tracker Market

Major companies operating in the solar tracker market are NEXTracker Inc., Soltec Power Holdings SA, Arctech Solar Holding Co. Ltd., Array Technologies Inc., Exosun SA, Gonvarri Solar Steel SL, Powerway Renewable Energy Co. Ltd., Meca Solar Mobility SL, SunPower Corporation, Haosolar Co. Ltd., Scorpius Trackers Private Limited, AllEarth Renewables Inc., DEGER energie GmbH & Co. KG, Convert Italia SpA, GameChange Solar, PV Hardware Solutions S.L.U., FTC Solar Inc., Mahindra Susten Pvt. Ltd., Abengoa Solar S.A., Grupo Clavijo Elt SL, Titan Tracker SL, Sun Action Trackers LLC, SunLink Corporation, Mechatron Solar Inc., Northern States Metals, DCE Solar, Valmont Industries Inc., NCLAVE Renewable S.L., Amberroot Systems, Ephysx Technologies Pvt.Ltd., Greenera Energy Pvt. Ltd.

Global Solar Tracker Market Trends and Insights

Major companies operating in the global solar tracker for power generation market are focusing on developing advanced technologies such as low-carbon technologies to enhance energy efficiency, minimize environmental impact, and support sustainable energy practices, ultimately driving innovation and growth in the renewable energy sector. Low-carbon technologies are innovations that significantly reduce greenhouse gas emissions, often by improving energy efficiency or utilizing renewable energy sources. For instance, in April 2024, Nextracker, an India-based company that manufactures advanced solar tracking systems, launched the NX Horizon low-carbon solar tracker. The NX Horizon utilizes Electric Arc Furnace (EAF) technology, which processes recycled steel, significantly lowering greenhouse gas emissions compared to conventional methods that rely on iron ore and coal. This approach not only minimizes environmental impact but also supports the U.S. steel industry by leveraging domestic scrap steel supplies.

What Are Latest Mergers And Acquisitions In The Solar Tracker Market?

In February 2025, Kinematics, a US-based provider of advanced robotics and automation solutions, acquired P4Q for an undisclosed amount. With this acquisition, Kinematics aims to enhance its technological capabilities and expand its full-stack software offerings to strengthen its position in the automation and robotics market. P4Q is a US-based provider of full-stack technology solutions, specializing in software development and system integration for industrial applications.

Regional Outlook

North America was the largest region in the solar tracker for power generation market in 2025. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Solar Tracker Market?

The solar tracker for power generation market consists of sales of Horizontal Single-Axis Solar Tracker (HSAT), Horizontal Tilted Single-Axis Solar Tracker (HTSAT), Vertical Single-Axis Solar Tracker (VSAT), Vertical-Tilted Single-Axis Solar Tracker (VTSAT), polar-axis tracking and altitude–azimuth tracking. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Solar Tracker Market Report 2026?

The solar tracker market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the solar tracker industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.