The Solar Tracker For Power Generation Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Solar Tracker For Power Generation Market?
The market size of the solar tracker for power generation has seen robust growth recently. The market is projected to expand from $7.29 billion in 2024 to $7.94 billion in 2025, with a compound annual growth rate (CAGR) of 9.0%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Solar Tracker For Power Generation Industry?
The Solar Tracker For Power Generation Global Market is projected to reach $11.47 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 9.6%.
Download Your Free Sample of the 2025 Solar Tracker For Power Generation Market Report and Uncover Key Trends Now!
What are the Key Growth Drivers Fueling the Solar Tracker For Power Generation Market?
The key drivers in the solar tracker for power generation market are:
• Advancements in tracking technologies for solar power generation
• Significant rise in global solar installations
• Incorporation of energy storage systems
• Improvement in the efficiency of solar power generation
• Emergence of new solar markets around the globe
Global Market Segmentation: Identifying Major Solar Tracker For Power Generation Industry Segments
The solar tracker for power generation market covered in this report is segmented –
1) By Product: Single Axis, Dual Axis
2) By Technology: Solar Photovoltaic (PV), Concentrated Solar Power (CSP)
3) By Application: Residential Solar Tracker, Commercial and Industrial, Utility
Pre-order the 2025 Solar Tracker For Power Generation Global Market Report for Fast Delivery & Comprehensive Insights!
What are the Emerging Trends Shaping the Future of the Solar Tracker For Power Generation Market?
The key trends in the marinas market are:
• The future of the market is expected to be influenced by the debate and choice between single-axis and dual-axis tracking.
• Another trend shaping the market is the emergence of smart and autonomous tracking capabilities.
• Floating solar trackers are also a futuristic trend that is potentially game-changing.
• Ensuring climate-adaptive tracking and integrating real-time monitoring and data analytics are key trends.
Who Are the Top Competitors & Leading Players in the Solar Tracker For Power Generation Market?
Major companies in the solar tracker for power generation market are:
• NEXTracker Inc.
• Array Technologies Inc.
• PV Hardware Solutions S.L.U.
• Arctech Solar Holding Co. Ltd.
• Soltec Power Holdings SA
• FTC Solar Inc.
• AllEarth Renewables Inc.
• Mechatron Solar Inc.
• Convert Italia SPA
• SunPower Corporation
• Trina Solar Co.Ltd.
• DEGERENERGIE GMBH & CO. KG
• GameChange Solar Services India Pvt. Ltd.
• Soluciones Tecnicas Integrales Norland Sl
• Ideematec Deutschland GmbH
• MECASOLAR LLC
• OPTIMUM TRACKER
• Powerway Renewable Energy Co. Ltd.
• The Schletter Group
• Xiamen Grace Solar Technology Co. Ltd.
• Jiangsu Aikang Industrial Group Co. Ltd.
• Dalian CDS Solar Energy Technology Co.Ltd.
• Clenergy Technology Co. Ltd.
• Amberroot Systems Pvt. Ltd.
• Ephysx Technologies Pvt. Ltd.
• Greenera Energy Pvt. Ltd.
• Hyquip Systems Ltd.
• Nordic Semiconductor
• Canadian Solar Inc.
• Risen Energy Co. Ltd.
Regional Dominance: Which Area Leads the Global Solar Tracker For Power Generation Market?
North America was the largest region in the solar tracker market in 2024
