South Korea Solar Tracker Market Overview, 2030

In a nation with a high urban density and restricted flat land availability, the demand to optimize solar energy output is driving the rapid development of the solar tracker industry in South Korea. The incorporation of solar trackers into urban solar farms, especially in and around major cities like Seoul, Busan, and Incheon, is one of the noteworthy trends. In response to land scarcity in these areas, automated single-axis and dual-axis trackers are becoming more popular on municipal facilities, industrial roofs, and urban brownfields. This enables greater energy output within a limited footprint. South Korea's drive to cut reliance on centralized fossil fuel power by using distributed energy resources (DERs) is consistent with this urban deployment. The installation on hilly and mountainous terrains, particularly in Gyeongsang and Gangwon provinces, is a unique challenge for South Korea's solar tracker market. Many domestic and foreign producers are innovating with adjustable mounting systems that allow solar trackers to maintain ideal alignment on slopes, substantially increasing the viability of solar farms in difficult terrains. Recent advancements in South Korea's exposure to seasonal typhoons have concentrated on automated tracker designs with storm-resistant storage mechanisms. These systems may change to horizontal positions during strong winds, reducing structural danger and ensuring that ideal tracking resumes quickly after the wind subsides. Solar trackers are becoming more widely used in the industrial sector, particularly in logistical hubs and factory complexes, where high-energy activities gain from optimizing solar power production. Military bases have become a key strategic focus area, with a number of initiatives underway to implement dual-use solar trackers in defense sites for both energy security and decarbonization goals. Supported by robust government support for renewable energy expansion and continuous advancements in tracker design, South Korea's tracker market is positioned for sustained growth, notably in difficult terrains and vital applications.

According to the research report, ""South Korea Solar Tracker Market Overview, 2030,"" published by Bonafide Research, the South Korea Solar Tracker market is anticipated to add to more than USD 150 Million by 2025–30. The solar tracker market in South Korea is growing as a result of the country's increasing renewable energy goals and significant domestic solar capacity. South Korea's national drive to develop indigenous renewable capacity is a key market driver, as seen by its goal of achieving 20% renewables by 2030 and 35% by 2038. This has resulted in government programs like the Renewable Energy 3020 initiative and smart-grid integration, which makes solar trackers necessary for optimizing solar farm output. Another important aspect is technological advancement, with the development of AI-enhanced tracker control systems that can optimize panel angles in real-time in response to weather conditions and grid needs. This intelligent software increases both efficiency and dependability, which are crucial in Korea's densely populated urban environment and unpredictable climate. Hanwha Q CELLS, a division of Hanwha Solutions, has become a leader among significant market participants. Utilizing its well-established EPC skills the company is expanding its focus to tracker-equipped PV systems, notably on rooftops and in industrial settings, despite being best known for solar modules. The increasing demand for tracker systems on factory roofs is a growing market trend, particularly in energy-intensive businesses where optimizing energy production is essential. These rooftops provide excellent space for installing small, lightweight single-axis trackers, which is consistent with both business sustainability and cost-effectiveness objectives. Solar trackers are becoming necessary for increasing yields and achieving national decarbonization goals as South Korea moves forward with deploying huge industrial PV plants and speeds up its shift to renewable energy sources, supported by AI and grid storage.

Due to the nation's changing renewable energy roadmap and the necessity to optimize solar energy production in constrained available areas, the South Korean solar tracker market is seeing greater acceptance of both single-axis and dual-axis trackers. Due to their cost-effectiveness, low maintenance needs, and compatibility with large-scale installations, particularly in ground-mounted farms and industrial areas, single-axis trackers are the most common in the market. These systems have between 15 and 25% higher energy output than static systems because they rotate on a single horizontal or vertical axis to track the sun all day. Due to their simplicity, single-axis trackers are perfect for the logistics centers and factory roofs of South Korea, where energy-intensive manufacturing industries require simple operations and a steady energy supply. However, dual-axis trackers are becoming more and more popular, particularly in locations like Gyeonggi and Gangwon, where maximizing production is critical due to the mountainous or uneven terrain. These systems can move along both horizontal and vertical axes, providing precise sun alignment and between 30 and 40% greater efficiency than fixed or single-axis trackers. Due to their flexibility, they are especially well-suited for solar farms on hills and lesser urban facilities where each unit of energy harvested has a significant impact on the project's viability. Dual-axis systems are becoming more and more integrated with AI-powered control mechanisms in order to dynamically adapt to shifting light conditions, shade, or weather disturbances in terms of efficiency advantages. This improvement is especially significant in Korea's diverse climatic regions. Although dual-axis trackers are predicted to see continuous expansion, particularly in niche or restricted deployments, single-axis trackers are still the preferred option for big utility and industrial installations due to their reduced upfront costs.

The majority of South Korea's solar tracker market is based on the Solar Photovoltaic (PV) technology sector, in line with the country's emphasis on grid-connected, scalable solar energy. The great bulk of installations are PV systems, which make extensive use of crystalline silicon and thin-film modules that are used on both urban roofs and ground-mounted farms. By ensuring that panels remain perpendicular to the sun's rays throughout the day, the compatibility of single-axis and dual-axis trackers with PV systems enables maximum energy capture. Trackers that support PV installations are becoming increasingly important in order to optimize production, particularly on the restricted land areas available for renewable deployment, as South Korea has ambitious plans to increase solar power's share in its energy mix. In contrast, in South Korea, the role of concentrated solar power (CSP), which utilizes mirrors or lenses to concentrate sunlight onto a small area in order to produce thermal energy, is negligible. Due to country's limited arid or semi-arid land availability and comparatively high population density, CSP is less advantageous than PV. Furthermore, CSP plants typically need certain climate conditions and huge land areas, which are more common in desert areas outside of Korea's temperate zones. The concentrated photovoltaic (CPV) technology, which uses lenses or curved mirrors to focus sunlight onto high-efficiency solar cells, has undergone experimental deployment in South Korea, particularly in research and pilot projects. Although its potential for very high energy efficiency makes it ideal for specialized applications, such as urban environments or limited-space installations, its high upfront costs and complex maintenance have so far prevented its widespread acceptance. Given its reliability, proven efficiency, and alignment with the nation's renewable transition plan, solar trackers in South Korea are mostly coupled with photovoltaic technology.

In South Korea, the strategic equilibrium between ground-mounted and rooftop-mounted systems determines the solar tracker market by installation type, taking into account the nation's high population density and scarcity of land. The majority of significant renewable energy initiatives are centered around ground-mounted solar arrays, which are often coupled with single-axis trackers. These are frequently found in abandoned mining sites, industrial parks, and idle government property, notably in the provinces of Jeolla and Chungcheong. For utility-scale projects, ground-mounted systems with solar trackers are preferred because they are more efficient, easier to maintain, and can be scaled. These installations can greatly increase energy production by incorporating single-axis or dual-axis tracking technology, which is essential for assisting South Korea in achieving its renewable energy goals for 2030 and 2050. However, in light of South Korea's limited open space, rooftop solar tracker systems are becoming more and more essential to energy planning. In order to maximize the generating potential of limited roof areas, urban centers like Seoul, Busan, and Incheon are driving demand for rooftop solar installations equipped with trackers. Dual-axis trackers, which are more expensive, are frequently employed on rooftops where the extra energy harvested can justify the initial investment, particularly in commercial structures, warehouses, and industrial plants. These setups support government-backed distributed generation policies, lessen grid load, and make a direct contribution to energy self-sufficiency. More advancements in technology are making it possible to create lightweight, adaptable tracker systems that are ideal for rooftops with structural restrictions. Among the innovations are AI-controlled sun-tracking mechanisms that improve positioning in urban settings where nearby structures create shading issues. Although ground-mounted systems now provide the most capacity, rooftop-mounted tracker installations are predicted to increase gradually as South Korean cities continue to adopt smart, distributed energy solutions.

Considered in this report
• Historic Year: 2019
• Base year: 2024
• Estimated year: 2025
• Forecast year: 2030

Aspects covered in this report
• Solar Tracker Market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Technology
• Solar Photovoltaic (PV)
• Concentrated Solar Power (CSP)
• Concentrated Photovoltaic (CPV)

By Installation Type
• Ground-Mounted
• Rooftop-Mounted Show more