Solar Trackers Market Outlook 2035: Rapid Growth to US$ 39.7 Bn with 14% CAGR Driving Efficient Solar Power

The global solar trackers market, valued at US$ 9.4 Bn in 2024, is projected to expand at a strong CAGR of 14.0% from 2025 to 2035, reaching an estimated US$ 39.7 Bn by 2035. This remarkable growth trajectory highlights the rising importance of solar trackers in boosting renewable energy output, reducing the levelized cost of electricity (LCOE), and strengthening the economic case for large-scale solar projects.

Analysts’ Viewpoint: Why Solar Trackers Are Surging

Solar trackers are proving to be a game-changer for utility-scale solar farms, offering a significant energy yield advantage of 15–35% over fixed-tilt systems. By following the sun’s trajectory, either through single-axis or dual-axis mechanisms, trackers enable solar panels to maximize energy capture throughout the day.

As governments and developers seek to meet ambitious renewable energy targets while reducing LCOE, solar trackers have become central to project economics. Their ability to improve return on investment (ROI) is making them a preferred choice in utility-scale installations worldwide.

North America currently leads the market, supported by the U.S. Inflation Reduction Act (IRA) and long-standing use of solar trackers in utility projects. Meanwhile, Asia-Pacific is accelerating, with major expansions in China and India as part of their renewable energy commitments.

Key global players such as Nextracker, Array Technologies, and Arctech are pushing innovation with bifacial module-compatible trackers, localized manufacturing, and supply chain optimization.

Global Solar Trackers Market Overview

Solar trackers differentiate themselves from fixed-tilt systems by continually adjusting panel orientation to maximize sun exposure.

Single-axis trackers (SATs): Follow the sun east to west.

Dual-axis trackers (DATs): Track both horizontal and vertical angles, optimizing seasonal variation capture.

These systems are primarily deployed in utility-scale farms, where higher yields significantly improve project financial performance.

Key Market Drivers

1. Rising Demand for Optimized Solar Yield and Cost Efficiency

A fundamental driver is the need to reduce LCOE and increase project viability. By generating 15–35% more power than fixed systems, solar trackers directly enhance plant economics.

Moreover, when combined with bifacial modules, trackers capture both direct sunlight and reflected light, further improving efficiency. This approach is rapidly becoming standard practice in markets such as the U.S., India, and Latin America. Higher efficiencies also reduce the land footprint per MW, accelerating renewable energy deployment.

2. Policy Support, Incentives, and Localization of Manufacturing

Government policies are reinforcing tracker adoption:

U.S. IRA: Offers tax credits and domestic-content incentives, encouraging local manufacturing. Companies like Nextracker and Array have established U.S.-based production sites to capture these benefits.

China & India: Government-backed auctions, subsidies, and renewable capacity targets are driving widespread tracker adoption.

Europe & Latin America: Policies emphasizing grid reliability and renewable integration are indirectly boosting tracker demand.

Additionally, localization strategies help manufacturers reduce logistics costs, mitigate tariff risks, and strengthen local economies.

Technology Spotlight: Single-Axis Trackers Lead

Among product types, single-axis trackers (SATs) dominate due to their balance of higher yield (15–25% over fixed tilt) and lower cost compared to dual-axis systems.

Their growing compatibility with bifacial modules makes them especially effective in large-scale flat terrain projects, ensuring consistent reductions in LCOE. Developers increasingly favor SATs for their proven scalability and cost-effectiveness, cementing their position as the most prominent tracker technology globally.

Regional Market Insights

North America (36.5% market share)
The region leads due to U.S. policy incentives, technological innovation, and major tracker manufacturers headquartered domestically. Adoption of bifacial modules with single-axis trackers is significantly reducing LCOE, making projects more attractive for investors.

Asia-Pacific
With massive capacity expansion goals in China and India, APAC is the second-largest market. Governments are rapidly transitioning from fixed-tilt to trackers for utility-scale projects. Companies like Arctech play a key role in local supply chain development.

Europe, Middle East & Latin America
Markets in Spain, Brazil, and Mexico are adopting trackers as part of large-scale solar deployment strategies. Suppliers such as Soltec and PV Hardware are expanding presence in these regions, focusing on innovations tailored for bifacial and grid integration needs.

Competitive Landscape

The global solar trackers market is consolidated among a few dominant players:

Nextracker – Leading in North America, recently expanded offerings by acquiring Bentek’s Electrical Balance of System (eBOS) business. This move strengthens its integrated solutions portfolio.

Array Technologies – Enhanced its BOS strategy by acquiring APA Solar, adding foundation expertise to complement its DuraTrack platform.

Arctech – Strong in APAC, particularly China and India, leveraging scale and localized supply chains.

Soltec Power Holdings & PV Hardware – Prominent in Europe, Latin America, and Middle East, focusing on bifacial-optimized trackers.

Other notable players include SunPower, Valmont Industries, GameChange Solar, Degerenergie, and Trina Solar Limited.

Future Market Outlook

Looking ahead, the solar trackers market will be driven by:

Rising bifacial adoption: Making trackers a standard in new projects.

Integration with digital technologies: IoT-enabled trackers for predictive maintenance and efficiency optimization.

Manufacturing localization: Reducing costs and ensuring supply resilience.

Policy-driven adoption: Strong incentives worldwide will reinforce demand.

With a projected market value of US$ 39.7 Bn by 2035, solar trackers are set to play a pivotal role in enabling cost-effective, large-scale solar adoption worldwide.

Conclusion

The solar trackers market is entering a transformative growth phase, powered by technology innovation, favorable policies, and economic advantages. Single-axis trackers, combined with bifacial modules, are expected to remain the dominant configuration