Solar Tracker Market Increasing Demand, Growth Analysis and Future Outlook by 2031

The global market for the solar tracker is projected to have a considerable CAGR of around 11.6% during the forecast period. Solar trackers are used to increasing the energy output from the solar panel by following the movement of the sun as it rotates from the east to the west every day. It can increase the output of solar panels by 20-30%. The use of solar PV panels using the solar tracker to generate the energy used for commercial, industrial, and residential purposes has been gaining popularity due to the decreasing solar PV cost, which is further augmenting the demand for solar trackers. For instance, according to the Solar Energy Industrial Association (SEIA), in 2020, the cost of an average-sized residential solar system has dropped from a pre-incentive price of $40,000 in 2010 to roughly $20,000.  Due to this, the adoption of solar PV using solar trackers has increased.

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The global solar tracker market is negatively impacted by the outbreak of COVID-19. Due to the project delay and supply chain disruptions owing to the lockdown announced by the government of major economies affected the market. The lack of investments in solar tracker systems from the government and major players has also affected the market growth. As China is the major economy with large solar PV installations and raw material suppliers, due to the lockdown imposed in China, the companies relying on raw material suppliers from China faced delays, which hampered the production of new solar tracker in the region. Hence, the global market witnessed a decline in the overall revenue in the year 2020. Post COVID-19 pandemic, the market is expected to gain its momentum with reduced cases.

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  • Market Coverage

  • Market number available for – 2025-2031

  • Base year- 2025

  • Forecast period- 2025-2031

  • Segment Covered- By Source, By Product Type, By Applications

  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill

  • , and others


Market Segmentation

Global Solar Tracker Market, By Type

  • Single Axis Tracker

  • Dual Axis Tracker


Global Solar Tracker Market, By Technology

  • Photovoltaic System (PV)

  • Monocrystalline Silicon PV Panels

  • Polycrystalline Silicon PV Panels

  • Thin-Film Silicon PV Panels

  • Concentrated Solar Power (CSP)

  • Concentrator Photovoltaics (CPV)


Global Solar Tracker Market, By End-User

  • Commercial

  • Residential

  • Industrial

  • Others


Regional Analysis

  • North America

  • United States

  • copyright

  • Europe

  • UK

  • Germany

  • Italy

  • Spain

  • France

  • Russia

  • Rest of Europe

  • Asia-Pacific

  • China

  • India

  • Japan

  • South Korean

  • Rest of Asia-Pacific

  • Rest of the World

  • Latin America

  • Middle East & Africa


Company Profiles 

  • Abengoa S.A.

  • Allearth Renewables

  • ArcelorMittal Group

  • Arctech Solar Holding Co., Ltd

  • Array Technologies, Inc.

  • BIG SUN Energy Technology Inc

  • GameChange Solar

  • Ganges Internationale Pvt. Ltd

  • Mahindra SustenPvt. Ltd.

  • Nextracker Inc.

  • Scorpius Trackers Pvt. Ltd.

  • SOLTEC ENERGÍAS RENOVABLES, S.L.

  • SoltiguaSRL

  • Sun Action Trackers LLC

  • SunPower Corp.

  • Trina Solar Ltd.

  • Vikram Solar Ltd.

  • Xiamen Grace Solar Technology Co., Ltd.


The Report Covers

  • Market value data analysis of 2020 and forecast to 2027.

  • Annualized market revenues ($ million) for each market segment.

  • Country-wise analysis of major geographical regions.

  • Key companies operating in the global Solar Tracker market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.

  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

  • Analysis of market entry and market expansion strategies.

  • Competitive strategies by identifying ‘who-stands-where’ in the market.


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