Solar Tracker Market Analysis and Forecast to 2033: By Technology (Concentrated PV Tracker, Photovoltaic), Type (Single Axis Tracker, Double Axis Tracker), Application (Residential, Commercial, Industrial/Utility), and Region

The Solar Tracker Market size was USD 8.3 Billion in 2023 and is anticipated to reach USD 23.1 Billion in 2033, growing at a rate of 10.0% from 2024 to 2033.

A solar tracker is a device that orients a payload toward the Sun. Solar trackers are used to track the movement of the Sun in the sky and adjust the orientation of solar panels, reflectors, or lenses to maximize the amount of sunlight that hits them. Solar trackers are used in a variety of applications, including solar power plants, solar thermal plants, and solar telescopes.

Solar trackers can be classified into two main types: active and passive. Active solar trackers use motors or other mechanisms to adjust the orientation of the payload. Passive solar trackers use the Sun’s heat to deform a material, which in turn adjusts the orientation of the payload.

Key Trends

There are several key trends in solar tracker technology. First, solar trackers are becoming more sophisticated, with more accurate tracking algorithms and better sensors. This enables them to more accurately follow the sun’s movements and produce more electricity. Second, solar trackers are becoming more durable, with better materials and construction methods. This makes them more resistant to wind, rain, and snow, and able to withstand more extreme temperatures. Third, solar trackers are becoming more affordable, as the cost of solar panels and other components continues to decline. This makes them a more attractive option for homeowners and businesses alike.

Key Drivers

The key drivers of the solar tracker market are the increasing electricity demand, the declining cost of solar photovoltaic (PV) modules, and the increasing awareness of the benefits of solar PV systems.

The solar tracker market is driven by the increasing demand for electricity. This increase in demand for electricity is primarily due to the growing population and the increasing use of electricity in emerging economies.

The declining cost of solar PV modules is another key driver of the solar tracker market. The declining cost of solar PV modules is making solar PV systems more economically viable, and this is expected to drive the growth of the solar tracker market.

The increasing awareness of the benefits of solar PV systems is another driver of the solar tracker market. Solar PV systems offer a number of benefits, including the generation of clean and renewable energy, the reduction of greenhouse gas emissions, and the creation of jobs. The increasing awareness of these benefits is expected to drive the growth of the solar tracker market.

Restraints & Challenges

The key restraints and challenges in the Solar Tracker market include the high initial investment cost and the lack of skilled labor.

The high initial investment cost is a major barrier to the adoption of solar tracker systems. Solar tracker systems are typically more expensive than fixed-mount systems.

The lack of skilled labor is another challenge facing the solar tracker market. There is a lack of trained personnel who can install and maintain solar tracker systems. This is a major challenge for the growth of the solar tracker market.

Market Segments

The Solar Tracker market report is segmented on the basis of technology, type, application, and region. On the basis of technology, the market is bifurcated into concentrated solar tracker and photovoltaic. By type, it is divided into single axis tracker and double axis tracker. On the basis of application, it is classified into residential, commercial, and industrial/utility. Region-wise, it is studied across North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The Solar Tracker Market report includes players such as NEXTracker, Inc., Array Technologies, PVHardware, Arctech Solar, Soltec Trackers, Nclave renewable, Convert Italia, STI Norland, Gonvarri Steel Services, and GameChange Solar.

Solar Tracker Market Report Coverage
  • The report offers a comprehensive quantitative as well as qualitative analysis of the current Solar Tracker Market outlook and estimations from 2023 to 2033, which helps to recognize the prevalent opportunities.
  • The report also covers qualitative as well as quantitative analysis of Solar Tracker Market in terms of revenue ($Million) and volume (MW).
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the Solar Tracker industry.
  • A thorough analysis of market trends and restraints is provided.
  • By region as well as country market analysis is also presented in this report.
  • Analytical depiction of the Solar Tracker Market along with the current trends and future estimations to depict imminent investment pockets. The overall Solar Tracker industry opportunity is examined by understanding profitable trends to gain a stronger foothold.
  • Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Solar Tracker Market are also analyzed.

Why GIS?

Table of Contents

Chapter 1. Solar Tracker Market Overview
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Limitations
1.4. Research Methodologies
1.4.1. Secondary Research
1.4.2. Market Size Estimation Technique
1.4.3. Forecasting
1.4.4. Primary Research and Data Validation

Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market

Chapter 3. Premium Insights on the Market
3.1. Market Attractiveness Analysis, by Region
3.2. Market Attractiveness Analysis, by Technology
3.3. Market Attractiveness Analysis, by Type
3.4. Market Attractiveness Analysis, by Application

Chapter 4. Solar Tracker Market Outlook
4.1. Solar Tracker Market Segmentation
4.2. Market Dynamics
4.2.1. Market Drivers
4.2.1.1. Driver 1
4.2.1.2. Driver 2
4.2.1.3. Driver 3
4.2.2. Market Restraints
4.2.2.1. Restraint 1
4.2.2.2. Restraint 2
4.2.3. Market Opportunities
4.2.3.1. Opportunity 1
4.2.3.2. Opportunity 2
4.3. Porter’s Five Forces Analysis
4.3.1. Threat of New Entrants
4.3.2. Threat of Substitutes
4.3.3. Bargaining Power of Buyers
4.3.4. Bargaining Power of Supplier
4.3.5. Competitive Rivalry
4.4. PESTLE Analysis
4.5. Value Chain Analysis
4.5.1. Raw Material Suppliers
4.5.2. Manufacturers
4.5.3. Wholesalers and/or Retailers
4.6. Impact of COVID-19 on the Solar Tracker Market
4.7. Impact of the Russia and Ukraine War on the Solar Tracker Market
4.8. Case Study Analysis
4.9. Pricing Analysis

Chapter 5. Solar Tracker Market, by Technology
5.1. Market Overview
5.2. Concentrated Solar Tracker
5.2.1. Key Market Trends & Opportunity Analysis
5.2.2. Market Size and Forecast, by Region
5.3. Photovoltaic
5.3.1. Key Market Trends & Opportunity Analysis
5.3.2. Market Size and Forecast, by Region

Chapter 6. Solar Tracker Market, by Type
6.1. Market Overview
6.2. Single Axis Tracker
6.2.1. Key Market Trends & Opportunity Analysis
6.2.2. Market Size and Forecast, by Region
6.3. Double Axis Tracker
6.3.1. Key Market Trends & Opportunity Analysis
6.3.2. Market Size and Forecast, by Region

Chapter 7. Solar Tracker Market, by Application
7.1. Market Overview
7.2. Residential
7.2.1. Key Market Trends & Opportunity Analysis
7.2.2. Market Size and Forecast, by Region
7.3. Commercial
7.3.1. Key Market Trends & Opportunity Analysis
7.3.2. Market Size and Forecast, by Region
7.4. Industrial/Utility
7.4.1. Key Market Trends & Opportunity Analysis
7.4.2. Market Size and Forecast, by Region

Chapter 8. Solar Tracker Market, by Region
8.1. Overview
8.2. North America
8.2.1. Key Market Trends and Opportunities
8.2.2. North America Solar Tracker Market Size and Forecast, by Technology
8.2.3. North America Solar Tracker Market Size and Forecast, by Application
8.2.4. North America Solar Tracker Market Size and Forecast, by Type
8.2.5. North America Solar Tracker Market Size and Forecast, by Country
8.2.6. The U.S.
8.2.6.1. The U.S. Solar Tracker Market Size and Forecast, by Technology
8.2.6.2. The U.S. Solar Tracker Market Size and Forecast, by Application
8.2.6.3. The U.S. Solar Tracker Market Size and Forecast, by Type
8.2.7. Canada
8.2.7.1. Canada Solar Tracker Market Size and Forecast, by Technology
8.2.7.2. Canada Solar Tracker Market Size and Forecast, by Application
8.2.7.3. Canada Solar Tracker Market Size and Forecast, by Type
8.2.8. Mexico
8.2.8.1. Mexico Solar Tracker Market Size and Forecast, by Technology
8.2.8.2. Mexico Solar Tracker Market Size and Forecast, by Application
8.2.8.3. Mexico Solar Tracker Market Size and Forecast, by Type
8.3. Europe
8.3.1. Key Market Trends and Opportunities
8.3.2. Europe Solar Tracker Market Size and Forecast, by Technology
8.3.3. Europe Solar Tracker Market Size and Forecast, by Application
8.3.4. Europe Solar Tracker Market Size and Forecast, by Type
8.3.5. Europe Solar Tracker Market Size and Forecast, by Country
8.3.6. The U.K.
8.3.6.1. The U.K. Solar Tracker Market Size and Forecast, by Technology
8.3.6.2. The U.K. Solar Tracker Market Size and Forecast, by Application
8.3.6.3. The U.K. Solar Tracker Market Size and Forecast, by Type
8.3.7. Germany
8.3.7.1. Germany Solar Tracker Market Size and Forecast, by Technology
8.3.7.2. Germany Solar Tracker Market Size and Forecast, by Application
8.3.7.3. Germany Solar Tracker Market Size and Forecast, by Type
8.3.8. France
8.3.8.1. France Solar Tracker Market Size and Forecast, by Technology
8.3.8.2. France Solar Tracker Market Size and Forecast, by Application
8.3.8.3. France Solar Tracker Market Size and Forecast, by Type
8.3.9. Spain
8.3.9.1. Spain Solar Tracker Market Size and Forecast, by Technology
8.3.9.2. Spain Solar Tracker Market Size and Forecast, by Application
8.3.9.3. Spain Solar Tracker Market Size and Forecast, by Type
8.3.10. Italy
8.3.10.1. Italy Solar Tracker Market Size and Forecast, by Technology
8.3.10.2. Italy Solar Tracker Market Size and Forecast, by Application
8.3.10.3. Italy Solar Tracker Market Size and Forecast, by Type
8.3.11. Netherlands
8.3.11.1. Netherlands Solar Tracker Market Size and Forecast, by Technology
8.3.11.2. Netherlands Solar Tracker Market Size and Forecast, by Application
8.3.11.3. Netherlands Solar Tracker Market Size and Forecast, by Type
8.3.12. Sweden
8.3.12.1. Sweden Solar Tracker Market Size and Forecast, by Technology
8.3.12.2. Sweden Solar Tracker Market Size and Forecast, by Application
8.3.12.3. Sweden Solar Tracker Market Size and Forecast, by Type
8.3.13. Switzerland
8.3.13.1. Switzerland Solar Tracker Market Size and Forecast, by Technology
8.3.13.2. Switzerland Solar Tracker Market Size and Forecast, by Application
8.3.13.3. Switzerland Solar Tracker Market Size and Forecast, by Type
8.3.14. Denmark
8.3.14.1. Denmark Solar Tracker Market Size and Forecast, by Technology
8.3.14.2. Denmark Solar Tracker Market Size and Forecast, by Application
8.3.14.3. Denmark Solar Tracker Market Size and Forecast, by Type
8.3.15. Finland
8.3.15.1. Finland Solar Tracker Market Size and Forecast, by Technology
8.3.15.2. Finland Solar Tracker Market Size and Forecast, by Application
8.3.15.3. Finland Solar Tracker Market Size and Forecast, by Type
8.3.16. Russia
8.3.16.1. Russia Solar Tracker Market Size and Forecast, by Technology
8.3.16.2. Russia Solar Tracker Market Size and Forecast, by Application
8.3.16.3. Russia Solar Tracker Market Size and Forecast, by Type
8.3.17. Rest of Europe
8.3.17.1. Rest of Europe Solar Tracker Market Size and Forecast, by Technology
8.3.17.2. Rest of Europe Solar Tracker Market Size and Forecast, by Application
8.3.17.3. Rest of Europe Solar Tracker Market Size and Forecast, by Type
8.4. Asia-Pacific
8.4.1. Key Market Trends and Opportunities
8.4.2. Asia-Pacific Solar Tracker Market Size and Forecast, by Country
8.4.3. Asia-Pacific Solar Tracker Market Size and Forecast, by Technology
8.4.4. Asia-Pacific Solar Tracker Market Size and Forecast, by Application
8.4.5. Asia-Pacific Solar Tracker Market Size and Forecast, by Type
8.4.6. China
8.4.6.1. China Solar Tracker Market Size and Forecast, by Technology
8.4.6.2. China Solar Tracker Market Size and Forecast, by Application
8.4.6.3. China Solar Tracker Market Size and Forecast, by Type
8.4.7. India
8.4.7.1. India Solar Tracker Market Size and Forecast, by Technology
8.4.7.2. India Solar Tracker Market Size and Forecast, by Application
8.4.7.3. India Solar Tracker Market Size and Forecast, by Type
8.4.8. Japan
8.4.8.1. Japan Solar Tracker Market Size and Forecast, by Technology
8.4.8.2. Japan Solar Tracker Market Size and Forecast, by Application
8.4.8.3. Japan Solar Tracker Market Size and Forecast, by Type
8.4.9. South Korea
8.4.9.1. South Korea Solar Tracker Market Size and Forecast, by Technology
8.4.9.2. South Korea Solar Tracker Market Size and Forecast, by Application
8.4.9.3. South Korea Solar Tracker Market Size and Forecast, by Type
8.4.10. Australia
8.4.10.1. Australia Solar Tracker Market Size and Forecast, by Technology
8.4.10.2. Australia Solar Tracker Market Size and Forecast, by Application
8.4.10.3. Australia Solar Tracker Market Size and Forecast, by Type
8.4.11. Singapore
8.4.11.1. Singapore Solar Tracker Market Size and Forecast, by Technology
8.4.11.2. Singapore Solar Tracker Market Size and Forecast, by Application
8.4.11.3. Singapore Solar Tracker Market Size and Forecast, by Type
8.4.12. Indonesia
8.4.12.1. Indonesia Solar Tracker Market Size and Forecast, by Technology
8.4.12.2. Indonesia Solar Tracker Market Size and Forecast, by Application
8.4.12.3. Indonesia Solar Tracker Market Size and Forecast, by Type
8.4.13. Taiwan
8.4.13.1. Taiwan Solar Tracker Market Size and Forecast, by Technology
8.4.13.2. Taiwan Solar Tracker Market Size and Forecast, by Application
8.4.13.3. Taiwan Solar Tracker Market Size and Forecast, by Type
8.4.14. Malaysia
8.4.14.1. Malaysia Solar Tracker Market Size and Forecast, by Technology
8.4.14.2. Malaysia Solar Tracker Market Size and Forecast, by Application
8.4.14.3. Malaysia Solar Tracker Market Size and Forecast, by Type
8.4.15. Rest of APAC
8.4.15.1. Rest of APAC Solar Tracker Market Size and Forecast, by Technology
8.4.15.2. Rest of APAC Solar Tracker Market Size and Forecast, by Application
8.4.15.3. Rest of APAC Solar Tracker Market Size and Forecast, by Type
8.5. Rest of The World
8.5.1. Key Market Trends and Opportunities
8.5.2. Rest of The World Solar Tracker Market Size and Forecast, by Technology
8.5.3. Rest of The World Solar Tracker Market Size and Forecast, by Application
8.5.4. Rest of The World Solar Tracker Market Size and Forecast, by Type
8.5.5. Rest of The World Solar Tracker Market Size and Forecast, by Country
8.5.6. Latin America
8.5.6.1. Latin America Solar Tracker Market Size and Forecast, by Technology
8.5.6.2. Latin America Solar Tracker Market Size and Forecast, by Application
8.5.6.3. Latin America Solar Tracker Market Size and Forecast, by Type
8.5.7. Middle East
8.5.7.1. Middle East Solar Tracker Market Size and Forecast, by Technology
8.5.7.2. Middle East Solar Tracker Market Size and Forecast, by Application
8.5.7.3. Middle East Solar Tracker Market Size and Forecast, by Type
8.5.8. Africa
8.5.8.1. Africa Solar Tracker Market Size and Forecast, by Technology
8.5.8.2. Africa Solar Tracker Market Size and Forecast, by Application
8.5.8.3. Africa Solar Tracker Market Size and Forecast, by Type

Chapter 9. Competitive Landscape
9.1. Market Overview
9.2. Market Share Analysis/Key Player Positioning
9.3. Developmental Strategy Benchmarking
9.3.1. New Product Development
9.3.2. Product Launches
9.3.3. Business Expansions
9.3.4. Partnerships, Joint Ventures, And Collaborations
9.3.5. Mergers And Acquisitions

Chapter 10. Company Profiles
10.1. NEXTracker, Inc.
10.1.1. Company Snapshot
10.1.2. Financial Performance
10.1.3. Product Offerings
10.1.4. Key Strategic Initiatives
10.1.5. SWOT Analysis
10.2. Array Technologies
10.2.1. Company Snapshot
10.2.2. Financial Performance
10.2.3. Product Offerings
10.2.4. Key Strategic Initiatives
10.2.5. SWOT Analysis
10.3. PVHardware
10.3.1. Company Snapshot
10.3.2. Financial Performance
10.3.3. Product Offerings
10.3.4. Key Strategic Initiatives
10.3.5. SWOT Analysis
10.4. Arctech Solar
10.4.1. Company Snapshot
10.4.2. Financial Performance
10.4.3. Product Offerings
10.4.4. Key Strategic Initiatives
10.4.5. SWOT Analysis
10.5. Soltec Trackers
10.5.1. Company Snapshot
10.5.2. Financial Performance
10.5.3. Product Offerings
10.5.4. Key Strategic Initiatives
10.5.5. SWOT Analysis
10.6. Nclave renewable
10.6.1. Company Snapshot
10.6.2. Financial Performance
10.6.3. Product Offerings
10.6.4. Key Strategic Initiatives
10.6.5. SWOT Analysis
10.7. Convert Italia
10.7.1. Company Snapshot
10.7.2. Financial Performance
10.7.3. Product Offerings
10.7.4. Key Strategic Initiatives
10.7.5. SWOT Analysis
10.8. STI Norland
10.8.1. Company Snapshot
10.8.2. Financial Performance
10.8.3. Product Offerings
10.8.4. Key Strategic Initiatives
10.8.5. SWOT Analysis
10.9. Gonvarri Steel Services
10.9.1. Company Snapshot
10.9.2. Financial Performance
10.9.3. Product Offerings
10.9.4. Key Strategic Initiatives
10.9.5. SWOT Analysis
10.10. GameChange Solar
10.10.1. Company Snapshot
10.10.2. Financial Performance
10.10.3. Product Offerings
10.10.4. Key Strategic Initiatives
10.10.5. SWOT Analysis
*The List of Company Is Subject To Change During The Final Compilation of The Report

Market Segments

By Technology

  • Concentrated Solar Tracker
  • Photovoltaic

By Type

  • Single Axis Tracker
  • Double Axis Tracker

By Application

  • Residential
  • Commercial
  • Industrial/Utility

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The U.K.
    • Germany
    • France
    • Spain
    • Italy
    • Netherlands
    • Sweden
    • Switzerland
    • Denmark
    • Finland
    • Russia
    • Rest of Europe
  • The Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Singapore
    • Indonesia
    • Taiwan
    • Malaysia
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa

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