Product Code: ETC13350813 | 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 Market was valued at USD 8.6 Billion in 2024 and is expected to reach USD 15.1 Billion by 2031, growing at a compound annual growth rate of 7.94% during the forecast period (2025-2031).
The global solar tracker market is witnessing significant growth driven by the increasing adoption of renewable energy sources and the push towards sustainability. Solar trackers are devices that orient solar panels towards the sun to maximize energy production, making them more efficient than fixed solar panels. Factors such as declining costs of solar energy systems, government incentives for renewable energy projects, and the need for more efficient solar power generation are driving the market growth. The utility-scale segment dominates the market due to the large-scale deployment of solar trackers in utility projects. North America and Europe are key regions for solar tracker installations, while emerging economies in Asia-Pacific and Latin America are expected to offer lucrative opportunities for market players in the coming years.
The Global Solar Tracker Market is experiencing significant growth driven by increasing adoption of renewable energy sources and the push towards reducing carbon emissions. The market is witnessing a shift towards more advanced tracking systems such as dual-axis and single-axis trackers, which offer higher energy efficiency and cost savings. Additionally, technological advancements in tracking algorithms and sensors are improving the overall performance of solar trackers. Opportunities in the market include the rising demand for solar power in regions with high solar irradiance, government incentives and policies supporting solar energy deployment, and the growing trend of utility-scale solar projects. Overall, the Global Solar Tracker Market is poised for continued expansion as the world transitions towards cleaner and more sustainable energy sources.
One of the key challenges faced in the Global Solar Tracker Market is the high initial investment cost associated with installing solar tracking systems. While solar trackers can significantly increase the efficiency of solar panels by following the sun`s path for optimal sunlight exposure, the upfront costs can be prohibitive for some consumers and businesses. Additionally, the maintenance and operating costs of solar tracking systems can also be higher compared to fixed solar panel installations, further adding to the financial burden. Market players are continuously working on developing cost-effective solutions to address this challenge and make solar tracking technology more accessible to a wider range of customers, but cost remains a significant hurdle in the widespread adoption of solar trackers.
The Global Solar Tracker Market is primarily driven by the increasing demand for renewable energy sources and the growing emphasis on reducing carbon emissions. Solar trackers help maximize energy production from solar panels by orienting them towards the sun, thus improving efficiency. Additionally, advancements in technology have made solar trackers more affordable and reliable, further boosting market growth. Government incentives and initiatives to promote solar energy deployment, along with decreasing costs of solar power generation, are also key drivers. The need for sustainable energy solutions, coupled with the potential cost savings and environmental benefits offered by solar trackers, are expected to fuel the growth of the Global Solar Tracker Market in the coming years.
Government policies related to the Global Solar Tracker Market vary by country, but many governments around the world offer incentives and subsidies to promote the adoption of solar energy and solar tracking technology. These policies often include feed-in tariffs, tax credits, rebates, and grants to encourage the installation of solar trackers. Additionally, some countries have implemented renewable energy targets and regulations that require a certain percentage of energy to come from renewable sources, driving the demand for solar trackers. Government support for research and development in the solar energy sector also plays a significant role in advancing solar tracker technology and reducing costs, further boosting market growth. Overall, favorable government policies are a key driver for the expansion of the Global Solar Tracker Market.
The global solar tracker market is expected to witness significant growth in the coming years, driven by the increasing adoption of solar energy as a renewable and sustainable power source. Factors such as declining costs of solar photovoltaic (PV) systems, technological advancements in solar tracking systems, and growing awareness about the environmental benefits of solar energy are projected to fuel market expansion. Additionally, government initiatives promoting the use of solar energy and the rising demand for clean energy solutions are likely to boost market growth. The market is anticipated to see a rise in installations of solar tracking systems across residential, commercial, and utility-scale solar projects, with key players focusing on developing innovative and efficient solar tracker solutions to meet the evolving needs of the industry.
In the Global Solar Tracker Market, Asia Pacific is expected to witness significant growth due to the increasing adoption of solar energy in countries like China and India. North America is also a key market for solar trackers, driven by favorable government policies and growing investments in renewable energy projects. Europe is another prominent region in the solar tracker market, with countries like Germany and Spain leading the way in solar energy generation. The Middle East and Africa region is experiencing a surge in solar tracker installations, supported by abundant sunlight and the need to diversify energy sources. Latin America is also emerging as a promising market for solar trackers, with countries like Mexico and Brazil investing in solar power infrastructure to meet their growing energy demands.
Global Solar Tracker 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 Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Solar Tracker Market Revenues & Volume, 2021 & 2031F |
3.3 Global Solar Tracker Market - Industry Life Cycle |
3.4 Global Solar Tracker Market - Porter's Five Forces |
3.5 Global Solar Tracker Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Solar Tracker Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Solar Tracker Market Revenues & Volume Share, By Tracking System, 2021 & 2031F |
3.8 Global Solar Tracker Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Global Solar Tracker Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Global Solar Tracker Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Solar Tracker Market Trends |
6 Global Solar Tracker Market, 2021 - 2031 |
6.1 Global Solar Tracker Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Solar Tracker Market, Revenues & Volume, By Single Axis, 2021 - 2031 |
6.1.3 Global Solar Tracker Market, Revenues & Volume, By Dual Axis, 2021 - 2031 |
6.1.4 Global Solar Tracker Market, Revenues & Volume, By Fixed, 2021 - 2031 |
6.1.5 Global Solar Tracker Market, Revenues & Volume, By Vertical Axis, 2021 - 2031 |
6.1.6 Global Solar Tracker Market, Revenues & Volume, By Horizontal Axis, 2021 - 2031 |
6.2 Global Solar Tracker Market, Revenues & Volume, By Tracking System, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Solar Tracker Market, Revenues & Volume, By Passive, 2021 - 2031 |
6.2.3 Global Solar Tracker Market, Revenues & Volume, By Active, 2021 - 2031 |
6.2.4 Global Solar Tracker Market, Revenues & Volume, By Manual, 2021 - 2031 |
6.2.5 Global Solar Tracker Market, Revenues & Volume, By GPS Based, 2021 - 2031 |
6.2.6 Global Solar Tracker Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3 Global Solar Tracker Market, Revenues & Volume, By Application, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Solar Tracker Market, Revenues & Volume, By Utility Scale Solar, 2021 - 2031 |
6.3.3 Global Solar Tracker Market, Revenues & Volume, By Commercial Solar, 2021 - 2031 |
6.3.4 Global Solar Tracker Market, Revenues & Volume, By Industrial Power Generation, 2021 - 2031 |
6.3.5 Global Solar Tracker Market, Revenues & Volume, By Hybrid Power Systems, 2021 - 2031 |
6.3.6 Global Solar Tracker Market, Revenues & Volume, By Others, 2021 - 2031 |
6.4 Global Solar Tracker Market, Revenues & Volume, By End Use, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Solar Tracker Market, Revenues & Volume, By Residential, 2021 - 2031 |
6.4.3 Global Solar Tracker Market, Revenues & Volume, By Commercial, 2021 - 2031 |
6.4.4 Global Solar Tracker Market, Revenues & Volume, By Industrial, 2021 - 2031 |
6.4.5 Global Solar Tracker Market, Revenues & Volume, By Utilities, 2021 - 2031 |
6.4.6 Global Solar Tracker Market, Revenues & Volume, By Others, 2021 - 2031 |
7 North America Solar Tracker Market, Overview & Analysis |
7.1 North America Solar Tracker Market Revenues & Volume, 2021 - 2031 |
7.2 North America Solar Tracker Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Solar Tracker Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Solar Tracker Market, Revenues & Volume, By Tracking System, 2021 - 2031 |
7.5 North America Solar Tracker Market, Revenues & Volume, By Application, 2021 - 2031 |
7.6 North America Solar Tracker Market, Revenues & Volume, By End Use, 2021 - 2031 |
8 Latin America (LATAM) Solar Tracker Market, Overview & Analysis |
8.1 Latin America (LATAM) Solar Tracker Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Solar Tracker Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Solar Tracker Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Solar Tracker Market, Revenues & Volume, By Tracking System, 2021 - 2031 |
8.5 Latin America (LATAM) Solar Tracker Market, Revenues & Volume, By Application, 2021 - 2031 |
8.6 Latin America (LATAM) Solar Tracker Market, Revenues & Volume, By End Use, 2021 - 2031 |
9 Asia Solar Tracker Market, Overview & Analysis |
9.1 Asia Solar Tracker Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Solar Tracker Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Solar Tracker Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Solar Tracker Market, Revenues & Volume, By Tracking System, 2021 - 2031 |
9.5 Asia Solar Tracker Market, Revenues & Volume, By Application, 2021 - 2031 |
9.6 Asia Solar Tracker Market, Revenues & Volume, By End Use, 2021 - 2031 |
10 Africa Solar Tracker Market, Overview & Analysis |
10.1 Africa Solar Tracker Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Solar Tracker Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Solar Tracker Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Solar Tracker Market, Revenues & Volume, By Tracking System, 2021 - 2031 |
10.5 Africa Solar Tracker Market, Revenues & Volume, By Application, 2021 - 2031 |
10.6 Africa Solar Tracker Market, Revenues & Volume, By End Use, 2021 - 2031 |
11 Europe Solar Tracker Market, Overview & Analysis |
11.1 Europe Solar Tracker Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Solar Tracker Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Solar Tracker Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Solar Tracker Market, Revenues & Volume, By Tracking System, 2021 - 2031 |
11.5 Europe Solar Tracker Market, Revenues & Volume, By Application, 2021 - 2031 |
11.6 Europe Solar Tracker Market, Revenues & Volume, By End Use, 2021 - 2031 |
12 Middle East Solar Tracker Market, Overview & Analysis |
12.1 Middle East Solar Tracker Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Solar Tracker Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Solar Tracker Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Solar Tracker Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Solar Tracker Market, Revenues & Volume, By Tracking System, 2021 - 2031 |
12.5 Middle East Solar Tracker Market, Revenues & Volume, By Application, 2021 - 2031 |
12.6 Middle East Solar Tracker Market, Revenues & Volume, By End Use, 2021 - 2031 |
13 Global Solar Tracker Market Key Performance Indicators |
14 Global Solar Tracker Market - Export/Import By Countries Assessment |
15 Global Solar Tracker Market - Opportunity Assessment |
15.1 Global Solar Tracker Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Solar Tracker Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Solar Tracker Market Opportunity Assessment, By Tracking System, 2021 & 2031F |
15.4 Global Solar Tracker Market Opportunity Assessment, By Application, 2021 & 2031F |
15.5 Global Solar Tracker Market Opportunity Assessment, By End Use, 2021 & 2031F |
16 Global Solar Tracker Market - Competitive Landscape |
16.1 Global Solar Tracker Market Revenue Share, By Companies, 2024 |
16.2 Global Solar Tracker Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |