Press release
Single Axis Solar Tracker Market Set to Double by 2035 as Global Renewable Energy Expansion Accelerates
Single Axis Solar Tracker Market
Between 2020 and 2024, the market demonstrated remarkable momentum, growing from USD 23.9 billion to USD 31.4 billion. This expansion was largely supported by the rising adoption of solar energy worldwide and the increasing preference for trackers over fixed-tilt systems, thanks to their ability to maximize energy yield. By 2025, the market will have firmly entered its scaling phase, with widespread utility-scale adoption expected across developed and emerging economies alike.
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Growth Phases and Market Expansion
From 2026 to 2030, the industry is forecasted to add nearly 37% of its overall growth, expanding from USD 36.0 billion to USD 50.8 billion. This phase will be characterized by broad adoption in new solar markets, integration with bifacial panels, and reinforced investments by governments setting ambitious renewable energy targets.
The period from 2031 to 2035 is expected to contribute an additional 31% of total growth, driven by the integration of trackers into hybrid solar-storage projects and their increasing use in distributed generation. As technological innovations continue to enhance durability, automation, and predictive maintenance, manufacturers are setting new benchmarks in system reliability and lifecycle performance.
Why the Market is Growing
Single axis solar trackers are expanding rapidly because they align with both economic and environmental imperatives. By adjusting panel orientation along a single axis, these trackers boost energy yield by up to 25% compared to fixed systems. For large-scale solar farms, this advantage translates into significantly higher returns on investment.
Declining tracker costs, improved durability, and compatibility with modern monitoring platforms are reinforcing investor confidence. As governments intensify decarbonization policies and roll out large-scale tenders, single axis trackers are becoming the default choice for modern solar infrastructure.
Segmental Insights
Product Analysis: Horizontal Trackers Leading the Way
Horizontal trackers dominate with a 73.4% market share in 2025. Their simple mechanics, cost-effectiveness, and adaptability to flat terrains make them the go-to option for utility-scale projects. The ability to integrate with bifacial panels further strengthens their dominance.
Application Analysis: Utility Segment Driving Growth
Utility-scale projects represent 62.8% of total demand by 2025, underscoring the influence of large solar farms in shaping the market. These projects benefit from economies of scale, favorable power purchase agreements, and government-backed renewable programs.
Regional Growth Patterns
Asia-Pacific leads global adoption, with China and India showing the highest CAGRs of 9.6% and 8.9%, respectively. These markets are supported by national solar park initiatives, domestic manufacturing, and strong corporate renewable procurement.
North America follows closely, driven by large desert-based installations, corporate power purchase agreements, and renewable portfolio standards. Europe demonstrates steady adoption, particularly in France, Germany, and the UK, where modernization of solar infrastructure and regulatory frameworks favor tracker integration.
Meanwhile, Latin America and the Middle East are experimenting with hybrid models to optimize performance under diverse climatic conditions.
Country Highlights
China: Leads with a 9.6% CAGR, boosted by government-backed solar parks and domestic tracker manufacturing.
India: Growing at 8.9%, fueled by corporate PPAs, industrial rooftop adoption, and strong policy frameworks.
France: Expected to achieve a 7.5% CAGR, supported by renewable energy targets and solar farm modernization.
USA: Growing steadily at 6.0%, backed by state-level renewable mandates and corporate solar adoption.
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Competitive Landscape
The market is highly competitive, shaped by both global leaders and emerging innovators. Nextracker Inc. continues to lead with scalable manufacturing and strong developer partnerships. Array Technologies has built a reputation for durability and ease of installation, particularly in North and Latin America. Arctech focuses on engineering-driven solutions for Asia-Pacific, while SOLTEC and DEGERENERGIE emphasize innovation in tracking mechanisms.
Companies like Abengoa, Trina Solar, and Valmont Industries leverage integrated EPC capabilities and structural expertise to provide comprehensive project solutions. Smaller players such as Scorpius Trackers and SmartTrak Solar Systems are gaining ground through flexibility, competitive pricing, and specialized solutions for regional projects.
This competitive ecosystem reflects a blend of established manufacturers expanding their footprint and new entrants bringing disruptive designs and localized strategies to the table.
Future Outlook
The single axis solar tracker market is set to occupy an even more critical role in the global renewable ecosystem, contributing nearly 30% of total solar tracking adoption. Its ability to combine efficiency with cost-effectiveness positions it as a preferred choice for developers, governments, and industries.
The next decade will witness further integration of trackers into hybrid solar-storage systems, distributed generation, and industrial-scale projects. Manufacturers who combine cost optimization with technological innovation will be best positioned to thrive in this fast-evolving market.
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