| Product Code: ETC13190928 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Solar Tracker for Power Generation Market was valued at USD 7.4 Billion in 2024 and is expected to reach USD 12 Billion by 2031, growing at a compound annual growth rate of 7.40% during the forecast period (2025-2031).
The Global Solar Tracker for Power Generation Market is experiencing significant growth driven by the increasing demand for renewable energy sources and the need for more efficient solar power generation. Solar trackers help enhance the efficiency of solar panels by orienting them towards the sun throughout the day, maximizing energy production. Factors such as government incentives for solar energy projects, declining costs of solar technology, and growing environmental concerns are fueling market expansion. Key players in the market are focusing on technological advancements, such as the integration of IoT and AI for optimal tracking performance. Geographically, regions like North America, Europe, and Asia Pacific are witnessing substantial adoption of solar trackers. Overall, the market is poised for continued growth as countries worldwide shift towards cleaner and sustainable energy solutions.
The global solar tracker for power generation market is experiencing a surge in demand due to the growing emphasis on renewable energy sources. The key trends in this market include the increasing adoption of dual-axis solar trackers for higher energy output, the development of advanced tracking technologies to improve efficiency, and the rising popularity of solar trackers in utility-scale projects. Furthermore, the market is witnessing opportunities in emerging economies where governments are promoting solar energy projects through favorable policies and incentives. Advancements in tracking algorithms, such as artificial intelligence and machine learning, are also creating opportunities for market growth. Overall, the global solar tracker market is poised for significant expansion driven by the shift towards clean energy and technological innovations in tracking systems.
In the Global Solar Tracker for Power Generation Market, challenges are primarily related to high initial investment costs, ongoing maintenance expenses, and technical complexities associated with the installation and operation of solar tracking systems. Additionally, variability in weather conditions can impact the efficiency and output of solar trackers, affecting the overall power generation capacity. Competition among solar tracker manufacturers and the need for continuous innovation to improve performance and reduce costs also pose challenges in this market. Furthermore, regulatory uncertainties and policy changes regarding solar energy incentives and subsidies in different regions can impact the growth of the solar tracker market. Overall, addressing these challenges requires technological advancements, cost optimization strategies, and effective market positioning to capitalize on the growing demand for renewable energy solutions.
The Global Solar Tracker for Power Generation Market is driven by several key factors, including the increasing demand for renewable energy sources to reduce carbon emissions and combat climate change. Solar trackers enable solar panels to efficiently capture sunlight throughout the day, maximizing energy production. Additionally, advancements in technology have improved the efficiency and reliability of solar trackers, making them more attractive for power generation projects. Government initiatives and incentives promoting the adoption of solar energy, along with decreasing costs of solar technologies, further contribute to the growth of the solar tracker market. The potential for cost savings and higher energy yields compared to fixed-tilt systems also drive the adoption of solar trackers in utility-scale solar projects, driving the growth of the Global Solar Tracker for Power Generation Market.
Government policies related to the Global Solar Tracker for Power Generation Market vary by country and region. Many countries have implemented incentives such as feed-in tariffs, tax credits, and grants to promote the adoption of solar energy technologies, including solar trackers. In the European Union, the Renewable Energy Directive sets binding targets for renewable energy use, driving demand for solar trackers. In the United States, the Investment Tax Credit (ITC) provides a tax credit for solar energy systems, including those using solar trackers. Additionally, some countries have implemented regulations requiring a certain percentage of energy generation to come from renewable sources, indirectly supporting the market for solar trackers. Overall, government policies play a crucial role in driving the growth of the Global Solar Tracker for Power Generation Market by providing financial incentives and regulatory support for solar energy technologies.
The global solar tracker for power generation market is expected to witness significant growth in the coming years, driven by the increasing demand for renewable energy sources and the declining costs of solar technology. Solar trackers enhance the efficiency of solar panels by tracking the sun`s movement throughout the day, optimizing energy production. As governments and organizations worldwide prioritize the transition to clean energy, the adoption of solar trackers is projected to increase. Additionally, technological advancements such as the development of dual-axis and smart solar trackers further enhance the market`s growth potential. The market is also benefiting from the growing investments in utility-scale solar projects, particularly in regions with abundant sunlight. Overall, the future outlook for the global solar tracker for power generation market appears promising, with ample opportunities for expansion and innovation.
In the Global Solar Tracker for Power Generation Market, Asia has emerged as a key region due to the rapid growth in solar energy installations driven by countries like China and India. North America is also a significant market with the United States leading in solar tracker installations. Europe is witnessing steady growth in solar tracker adoption, particularly in countries like Germany and Spain. The Middle East and Africa region is showing increasing interest in solar trackers as governments aim to diversify their energy mix. Latin America is experiencing a surge in solar tracker projects, with countries like Mexico and Brazil leading the way. Overall, the global solar tracker market is witnessing growth across all regions, driven by the increasing focus on renewable energy sources.
Global Solar Tracker for Power Generation Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Solar Tracker for Power Generation Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Solar Tracker for Power Generation Market Revenues & Volume, 2021 & 2031F |
3.3 Global Solar Tracker for Power Generation Market - Industry Life Cycle |
3.4 Global Solar Tracker for Power Generation Market - Porter's Five Forces |
3.5 Global Solar Tracker for Power Generation Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Solar Tracker for Power Generation Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Global Solar Tracker for Power Generation Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.8 Global Solar Tracker for Power Generation Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.9 Global Solar Tracker for Power Generation Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global Solar Tracker for Power Generation Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Solar Tracker for Power Generation Market Trends |
6 Global Solar Tracker for Power Generation Market, 2021 - 2031 |
6.1 Global Solar Tracker for Power Generation Market, Revenues & Volume, By Technology, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Solar Tracker for Power Generation Market, Revenues & Volume, By Concentrated PV Tracker, 2021 - 2031 |
6.1.3 Global Solar Tracker for Power Generation Market, Revenues & Volume, By Non-Concentrated PV Tracker, 2021 - 2031 |
6.2 Global Solar Tracker for Power Generation Market, Revenues & Volume, By Type, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Solar Tracker for Power Generation Market, Revenues & Volume, By Active Solar Tracker, 2021 - 2031 |
6.2.3 Global Solar Tracker for Power Generation Market, Revenues & Volume, By Passive Solar Tracker, 2021 - 2031 |
6.3 Global Solar Tracker for Power Generation Market, Revenues & Volume, By Product, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Solar Tracker for Power Generation Market, Revenues & Volume, By Single Axis, 2021 - 2031 |
6.3.3 Global Solar Tracker for Power Generation Market, Revenues & Volume, By Horizontal, 2021 - 2031 |
6.3.4 Global Solar Tracker for Power Generation Market, Revenues & Volume, By Vertical, 2021 - 2031 |
6.3.5 Global Solar Tracker for Power Generation Market, Revenues & Volume, By Polar Aligned, 2021 - 2031 |
6.3.6 Global Solar Tracker for Power Generation Market, Revenues & Volume, By Titled, 2021 - 2031 |
6.3.7 Global Solar Tracker for Power Generation Market, Revenues & Volume, By Double Axis, 2021 - 2031 |
6.3.8 Global Solar Tracker for Power Generation Market, Revenues & Volume, By Tip-Tilt, 2021 - 2031 |
6.3.9 Global Solar Tracker for Power Generation Market, Revenues & Volume, By Azimuth-Altitude, 2021 - 2031 |
6.4 Global Solar Tracker for Power Generation Market, Revenues & Volume, By Application, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Solar Tracker for Power Generation Market, Revenues & Volume, By Residential, 2021 - 2031 |
6.4.3 Global Solar Tracker for Power Generation Market, Revenues & Volume, By Commercial, 2021 - 2031 |
6.4.4 Global Solar Tracker for Power Generation Market, Revenues & Volume, By Agricultural, 2021 - 2031 |
6.4.5 Global Solar Tracker for Power Generation Market, Revenues & Volume, By Others, 2021 - 2031 |
7 North America Solar Tracker for Power Generation Market, Overview & Analysis |
7.1 North America Solar Tracker for Power Generation Market Revenues & Volume, 2021 - 2031 |
7.2 North America Solar Tracker for Power Generation Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Solar Tracker for Power Generation Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Solar Tracker for Power Generation Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Solar Tracker for Power Generation Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Solar Tracker for Power Generation Market, Revenues & Volume, By Technology, 2021 - 2031 |
7.4 North America Solar Tracker for Power Generation Market, Revenues & Volume, By Type, 2021 - 2031 |
7.5 North America Solar Tracker for Power Generation Market, Revenues & Volume, By Product, 2021 - 2031 |
7.6 North America Solar Tracker for Power Generation Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America (LATAM) Solar Tracker for Power Generation Market, Overview & Analysis |
8.1 Latin America (LATAM) Solar Tracker for Power Generation Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Solar Tracker for Power Generation Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Solar Tracker for Power Generation Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Solar Tracker for Power Generation Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Solar Tracker for Power Generation Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Solar Tracker for Power Generation Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Solar Tracker for Power Generation Market, Revenues & Volume, By Technology, 2021 - 2031 |
8.4 Latin America (LATAM) Solar Tracker for Power Generation Market, Revenues & Volume, By Type, 2021 - 2031 |
8.5 Latin America (LATAM) Solar Tracker for Power Generation Market, Revenues & Volume, By Product, 2021 - 2031 |
8.6 Latin America (LATAM) Solar Tracker for Power Generation Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Asia Solar Tracker for Power Generation Market, Overview & Analysis |
9.1 Asia Solar Tracker for Power Generation Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Solar Tracker for Power Generation Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Solar Tracker for Power Generation Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Solar Tracker for Power Generation Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Solar Tracker for Power Generation Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Solar Tracker for Power Generation Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Solar Tracker for Power Generation Market, Revenues & Volume, By Technology, 2021 - 2031 |
9.4 Asia Solar Tracker for Power Generation Market, Revenues & Volume, By Type, 2021 - 2031 |
9.5 Asia Solar Tracker for Power Generation Market, Revenues & Volume, By Product, 2021 - 2031 |
9.6 Asia Solar Tracker for Power Generation Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Africa Solar Tracker for Power Generation Market, Overview & Analysis |
10.1 Africa Solar Tracker for Power Generation Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Solar Tracker for Power Generation Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Solar Tracker for Power Generation Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Solar Tracker for Power Generation Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Solar Tracker for Power Generation Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Solar Tracker for Power Generation Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Solar Tracker for Power Generation Market, Revenues & Volume, By Technology, 2021 - 2031 |
10.4 Africa Solar Tracker for Power Generation Market, Revenues & Volume, By Type, 2021 - 2031 |
10.5 Africa Solar Tracker for Power Generation Market, Revenues & Volume, By Product, 2021 - 2031 |
10.6 Africa Solar Tracker for Power Generation Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Europe Solar Tracker for Power Generation Market, Overview & Analysis |
11.1 Europe Solar Tracker for Power Generation Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Solar Tracker for Power Generation Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Solar Tracker for Power Generation Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Solar Tracker for Power Generation Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Solar Tracker for Power Generation Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Solar Tracker for Power Generation Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Solar Tracker for Power Generation Market, Revenues & Volume, By Technology, 2021 - 2031 |
11.4 Europe Solar Tracker for Power Generation Market, Revenues & Volume, By Type, 2021 - 2031 |
11.5 Europe Solar Tracker for Power Generation Market, Revenues & Volume, By Product, 2021 - 2031 |
11.6 Europe Solar Tracker for Power Generation Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Middle East Solar Tracker for Power Generation Market, Overview & Analysis |
12.1 Middle East Solar Tracker for Power Generation Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Solar Tracker for Power Generation Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Solar Tracker for Power Generation Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Solar Tracker for Power Generation Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Solar Tracker for Power Generation Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Solar Tracker for Power Generation Market, Revenues & Volume, By Technology, 2021 - 2031 |
12.4 Middle East Solar Tracker for Power Generation Market, Revenues & Volume, By Type, 2021 - 2031 |
12.5 Middle East Solar Tracker for Power Generation Market, Revenues & Volume, By Product, 2021 - 2031 |
12.6 Middle East Solar Tracker for Power Generation Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global Solar Tracker for Power Generation Market Key Performance Indicators |
14 Global Solar Tracker for Power Generation Market - Export/Import By Countries Assessment |
15 Global Solar Tracker for Power Generation Market - Opportunity Assessment |
15.1 Global Solar Tracker for Power Generation Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Solar Tracker for Power Generation Market Opportunity Assessment, By Technology, 2021 & 2031F |
15.3 Global Solar Tracker for Power Generation Market Opportunity Assessment, By Type, 2021 & 2031F |
15.4 Global Solar Tracker for Power Generation Market Opportunity Assessment, By Product, 2021 & 2031F |
15.5 Global Solar Tracker for Power Generation Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Global Solar Tracker for Power Generation Market - Competitive Landscape |
16.1 Global Solar Tracker for Power Generation Market Revenue Share, By Companies, 2024 |
16.2 Global Solar Tracker for Power Generation Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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