Solar Tracker For Power Generation Market to Grow at a CAGR of 9.1% from 2025 to 2029

November 14, 2025 by The Business Research Company

Unlock Global Insights – Save 20% on Market Reports with Code ONLINE20

What Is The Future Market Size Estimation For The Solar Tracker For Power Generation Market Covering 2025–2034?

The market valuation for solar trackers utilized in power generation has experienced robust expansion recently, projecting an increase from $7.29 billion in 2024 to $7.81 billion the following year, reflecting a consistent annual growth rate of 7.2%; this historical upward trend is fundamentally linked to enhancements in solar energy efficiency, declining expenses associated with solar technology, governmental supports for clean energy adoption, the push for national energy self-sufficiency, and heightened public consciousness regarding ecological issues.

Anticipated robust expansion characterizes the solar tracker market dedicated to power production, projecting an ascent to a valuation of $11.06 billion by 2029, underpinned by a consistent compound annual growth rate of 9.1% throughout the upcoming years; this forward surge is fueled by factors such as the deployment of sophisticated tracking apparatuses, the worldwide expansion of photovoltaic infrastructure, the incorporation of energy storage solutions, continuous enhancements in operational effectiveness, and the burgeoning growth observed in nascent solar sectors, while key developments shaping this timeframe involve the comparative adoption of single-axis versus dual-axis mechanisms, the advent of intelligent and self-governing tracking systems, the introduction of solar trackers designed for deployment on water surfaces, the increasing reliance on remote surveillance and detailed data evaluation, and the development of tracking solutions that dynamically adjust to climatic variations.

Unlock Your Free Sample Report for Exclusive Market Data:

https://www.thebusinessresearchcompany.com/sample.aspx?id=6947&type=smp

Which Major Market Drivers Are Shaping The Future Of The Solar Tracker For Power Generation Market?

Globally observed proliferation in solar panel deployments is anticipated to fuel the expansion of the solar tracker sector. This robust growth in solar panel fittings worldwide is fueled by governmental redirection towards green energy initiatives and augmented financial commitments from homeowners seeking sustainable power options. The swift acceleration in solar panel setup adoption is projected to elevate the requirement for solar trackers, given their widespread application in maximizing energy harvest and operational efficiency within contemporary installations. To illustrate this trend, data from SolarPower Europe, the European solar PV industry representative association situated in Belgium, indicate that 447 gigawatts (GW) of solar panels were put in place during 2023, representing an almost twofold rise compared to the 239 GW installed the preceding year in 2022, consequently driving up the prospect for solar tracker demand throughout the duration of the projection period.

What Are The Major Segment Categories Driving The Solar Tracker For Power Generation Market Growth?

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

Subsegments:

1) By Single Axis: Horizontal Single Axis Trackers, Vertical Single Axis Trackers, Tilted Single Axis Trackers

2) By Dual Axis: Horizontal Dual Axis Trackers, Vertical Dual Axis Trackers, Polar Dual Axis Trackers

Which Key Trends Are Expected To Influence The Solar Tracker For Power Generation Market In The Coming Years?

A significant trend currently capturing attention within the solar tracker sector revolves around the introduction of novel products. Leading participants in this marketplace are allocating substantial resources toward crafting cutting-edge solutions aimed at satisfying the nuanced technical requirements of different industries while simultaneously bolstering their worldwide competitive standing. Illustratively, in July of 2024, Soltec, a utility provider originating from Spain, released its specialized 4×4 configuration for the SFOne solar tracker, a development engineered specifically for versatile deployment across diverse landscapes and topographical settings. This advanced capability empowers the tracking hardware to maintain operational effectiveness across steady inclines reaching fifteen percent, irrespective of whether the alignment is North-South or East-West, and it is further capable of managing fluctuating gradients up to the twenty percent mark. The integration of this 4×4 feature substantially reduces necessary ground leveling activities, rendering it particularly advantageous for challenging physical sites, and it incorporates adaptable software modules that refine both the physical arrangement and the setup procedures, thereby promoting higher degrees of project effectiveness.

Who Are The Major Companies Operating In The Solar Tracker For Power Generation Market?

Major companies operating in the solar tracker for power generation market include 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.

Download The Full Report For Exclusive Market Findings:

https://www.thebusinessresearchcompany.com/report/solar-tracker-for-power-generation-global-market-report

How Does The Solar Tracker For Power Generation Market Perform Across Key Geographic Regions?

North America was the largest region in the solar tracker market in 2024. The regions covered in the solar tracker market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Request A Customized Version Of The Solar Tracker For Power Generation Market Report:

https://www.thebusinessresearchcompany.com/customise?id=6947&type=smp

Browse Through More Reports Similar to the Global Solar Tracker For Power Generation Market 2025, By The Business Research Company

Solar Energy Global Market Report 2025

https://www.thebusinessresearchcompany.com/report/solar-energy-global-market-report

Solar Electricity Global Market Report 2025

https://www.thebusinessresearchcompany.com/report/solar-electricity-global-market-report

Solar Inverter Global Market Report 2025

https://www.thebusinessresearchcompany.com/report/solar-inverter-global-market-report

Get in touch with us:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 310-496-7795