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Solar PV Tracker Market Research Report Information by Technology (Solar Photovoltaic, Concentrated PV, and Concentrated Solar Power), By Axis (Single Axis, and Dual-Axis), By End-User (Industrial, Commercial, and Utilities), By Drive System (Active Syste

Publisher Market Research Future
Published May 02, 2025
Length 160 Pages
SKU # RESFT20043836

Description

During the forecast period, the solar PV tracker industry is anticipated to grow at a compound annual growth rate (CAGR) of 10.0%. The market growth is being driven by the following key market drivers: the increasing focus of governments on renewable energy, the growing adoption of solar power in developing countries, and the growing concerns regarding energy conservation and the transition from non-renewable to renewable energy.

The increasing utilization of renewable energy sources for power generation is the primary factor driving the market CAGR for solar PV trackers. Renewable energy sources, including wind, solar, hydropower, and nuclear, have replaced fossil energy sources due to the scarcity of natural resources such as oil, petroleum, and coal, as well as the ongoing population growth and the rise in electricity prices. Due to the abundant availability of the sun as an energy source for electricity generation, solar energy is one of the most widely accepted net zero renewable energy sources.

Market segment insights
The global solar PV tracker market has been divided into dual-axis and single-axis segments based on axis. The global solar PV tracker market was dominated by the single-axis segment in 2023, with a value share of 90.90%. It is anticipated to experience a compound annual growth rate (CAGR) of 10.2% during the forecast period.
The global solar PV tracker market has been divided into three categories: concentrated PV, concentrated solar power, and solar photovoltaic. This segmentation is based on technology.
The global solar PV tracker market has been divided into three categories: active system, passive system, and manual system, based on the motor system segment. The market was dominated by the Active System segment in 2023, with a 66.06% share.
The global solar PV tracker market has been divided into industrial, commercial, and residential segments based on the end-user segment. In 2023, the industrial segment held most of the market with a share of 74.26%. It is anticipated to experience a compound annual growth rate (CAGR) of 10.4% during the forecast period.

Regional Perspectives
The global solar PV tracker market has been divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. In 2023, the Asia Pacific region held most of the market with a 34.48% share. It is anticipated that the region will experience a compound annual growth rate (CAGR) of 11.7% during the forecast period.
The market growth in the Asia-Pacific solar PV tracker market will be bolstered by a rise in demand for solar PV trackers, which will be facilitated by favorable government policies and increased investments.
The European solar PV tracker market occupies the second-largest market share because of the government's growing emphasis on renewable energy and its supportive policies.
From 2023 to 2032, the North American solar PV tracker market is anticipated to experience the most rapid growth rate. This is attributable to the growing emphasis on renewable energy and the declining cost of solar trackers, which have contributed to the expansion of the market in this region.

Significant figures
PVHardware, MECASOLAR, IDEEMATEC, Soltec, Arctech, GameChange Solar, Trina Solar, AllEarth Renewables, Xiamen Grace Solar Technology, Lingyang Technologies Inc., Array Technologies, and Nextracker Inc. are among the major participants in the solar PV tracker market.

Table of Contents

160 Pages
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Research Objective
2.4 Market Structure
3 Research Methodology
3.1 Overview
3.2 Data Flow
3.2.1 Data Mining Process
3.3 Purchased Database:
3.4 Secondary Sources:
3.4.1 Secondary Research Data Flow:
3.5 Primary Research:
3.5.1 Primary Research Data Flow:
3.5.2 Primary Research: Number Of Interviews Conducted
3.5.3 Primary Research: Regional Coverage
3.6 Approaches For Market Size Estimation:
3.6.1 Trade Analysis Approach
3.7 Data Forecasting
3.7.1 Data Forecasting Technique
3.8 Data Modeling
3.8.1 Microeconomic Factor Analysis:
3.8.2 Data Modeling:
3.9 Teams And Analyst Contribution
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Rising Demand For Off-grid Solar Panel Systems
4.2.2 Rising Environmental Concerns And Regulations
4.3 Restraints
4.3.1 High Initial Cost
4.3.2 Fluctuating Raw Material Prices
4.4 Opportunity
4.4.1 Growing Energy Demand And Security
4.4.2 Development Of Advanced Technologies
4.5 Impact Analysis Of Covid-19
4.5.1 Impact On Demand
4.5.2 Impact On Supply
4.6 Russia-ukraine War Impact Analysis
4.6.1 Impact Of Economic Slowdown
5 Market Factor Analysis
5.1 Supply/Value Chain Analysis
5.1.1 Participants
5.1.1.1 Subassemblies Suppliers
5.1.1.1.1 Subassemblies Trends
5.1.1.1.2 List Of Subassemblies Suppliers
5.1.1.2 Component System Manufacturers / Assembler
5.1.1.3 Distributors
5.1.1.3.1 List Of Distributors
5.1.1.4 End-users
5.1.1.4.1 List Of Potential End Users
5.2 Porter’s Five Forces Model
5.2.1 Threat Of New Entrants
5.2.2 Threat Of Substitutes
5.2.3 Bargaining Power Of Suppliers
5.2.4 Bargaining Power Of Buyers
5.2.5 Intensity Of Rivalry
5.3 Business Environment Analysis
5.3.1 Pestel Analysis
5.4 Pricing Analysis, By Region (2018-2032) (Usd/Kw)
5.5 Technological Advancements
5.5.1 Technological Advancements
5.5.2 Technology Roadmap
5.5.3 Compatibility With Application
5.5.4 Innovations
5.6 Tariffs, Standards, And Regulatory Landscape
5.6.1 Tariffs
5.6.2 Certification And Standards
5.6.2.1 Iec Standards
5.6.2.2 Ieee Standards
5.6.3 Government Regulations & Policies
5.6.3.1 Country Wise Government Regulations & Policies
5.7 Research And Development Review
5.7.1 Investment In New Test Technologies
5.8 Case Study Analysis
5.8.1 Use Cases
5.8.1.1 Overview
5.8.2 Use Cases
6 Global Solar Pv Tracker Market, By Axis
6.1 Introduction
6.1.1 Single Axis
6.1.2 Dual- Axis
7 Global Solar Pv Tracker Market, By Technology
7.1 Introduction
7.1.1 Solar Photovoltaic (Pv)
7.1.2 Concentrated Photovoltaic (Cpv)
7.1.3 Concentrated Solar Power (Csp)
8 Global Solar Pv Tracker Market, By Drive System
8.1 Introduction
8.1.1 Active System
8.1.2 Passive System
8.1.3 Manual System
9 Global Solar Pv Tracker Market, By End User
9.1 Introduction
9.1.1 Industrial
9.1.2 Residential
9.1.3 Commercial
10 Global Solar Pv Tracker Market, By Region
10.1 Introduction
10.1.1 North America
10.1.1.1 Us
10.1.1.2 Canada
10.1.1.3 Mexico
10.1.2 Europe
10.1.2.1 Germany
10.1.2.2 France
10.1.2.3 Uk
10.1.2.4 Spain
10.1.2.5 Italy
10.1.2.6 Poland
10.1.2.7 Netherlands
10.1.2.8 Belgium
10.1.2.9 Austria
10.1.2.10 Rest Of Europe
10.1.3 Asia Pacific
10.1.3.1 China
10.1.3.2 India
10.1.3.3 Japan
10.1.3.4 Thailand
10.1.3.5 South Korea
10.1.3.6 Rest Of Asia Pacific
10.1.4 South America
10.1.4.1 Brazil
10.1.4.2 Argentina
10.1.4.3 Chile
10.1.4.4 Rest Of South America
10.1.5 Middle East & Africa
10.1.5.1 Saudi Arabia
10.1.5.2 Qatar
10.1.5.3 Oman
10.1.5.4 Uae
10.1.5.5 South Africa
10.1.5.6 Rest Of Middle East & Africa
11 Competitive Landscape
11.1 Introduction
11.2 Competition Dashboard
11.3 Company Market Share Analysis, 2023 (%)
11.4 Competitive Benchmarking
11.5 List Of Key Players, By Region
11.6 Key Developments & Growth Strategies
11.6.1 New Product Launch/Service Deployment
11.6.2 Partnership/Agreement
11.6.3 Capacity Expansion
12 Company Profiles
12.1 Nextracker Inc.
12.1.1 Company Overview
12.1.2 Financial Overview
12.1.3 Products Offered
12.1.4 Key Developments ...
12.1.5 Swot Analysis
12.1.6 Key Strategy
12.2 Array Technologies
12.2.1 Company Overview
12.2.2 Financial Overview
12.2.3 Products Offered
12.2.4 Key Developments
12.2.5 Swot Analysis
12.2.6 Key Strategy
12.3 Pvhardware
12.3.1 Company Overview
12.3.2 Financial Overview
12.3.3 Products Offered
12.3.4 Key Developments
12.3.5 Swot Analysis
12.3.6 Key Strategy
12.4 Mecasolar
12.4.1 Company Overview
12.4.2 Financial Overview
12.4.3 Products Offered
12.4.4 Key Developments
12.4.5 Swot Analysis
12.4.6 Key Strategy
12.5 Ideematec
12.5.1 Company Overview
12.5.2 Financial Overview
12.5.3 Products Offered
12.5.4 Key Developments
12.5.5 Swot Analysis
12.5.6 Key Strategy
12.6 Soltec
12.6.1 Company Overview
12.6.2 Financial Overview
12.6.3 Products Offered
12.6.4 Key Developments
12.6.5 Swot Analysis
12.6.6 Key Strategy
12.7 Arctech
12.7.1 Company Overview
12.7.2 Financial Overview
12.7.3 Products Offered
12.7.4 Key Developments
12.7.5 Swot Analysis
12.7.6 Key Strategy
12.8 Gamechange Solar
12.8.1 Company Overview
12.8.2 Financial Overview
12.8.3 Products Offered
12.8.4 Key Developments
12.8.5 Swot Analysis
12.8.6 Key Strategy
12.9 Trina Solar
12.9.1 Company Overview
12.9.2 Financial Overview
12.9.3 Products Offered
12.9.4 Key Developments
12.9.5 Swot Analysis
12.9.6 Key Strategy
12.10 Allearth Renewables
12.10.1 Company Overview
12.10.2 Financial Overview
12.10.3 Products Offered
12.10.4 Key Developments
12.10.5 Swot Analysis
12.10.6 Key Strategy
12.11 Xiamen Grace Solar Technology
12.11.1 Company Overview
12.11.2 Financial Overview
12.11.3 Products Offered
12.11.4 Key Developments
12.11.5 Swot Analysis
12.11.6 Key Strategy
12.12 Lingyang Technologies Inc
12.12.1 Company Overview
12.12.2 Financial Overview
12.12.3 Products Offered
12.12.4 Key Developments
12.12.5 Swot Analysis
12.12.6 Key Strategy
13 Data Citations
List Of Tables
Table 1 Qfd Modeling For Market Share Assessment
Table 2 Global Solar Pv Tracker Estimates & Forecast, By Axis, 2018–2032 (Usd Million)
Table 3 Global Solar Pv Tracker Estimates & Forecast, By Technology, 2018–2032 (Usd Million)
Table 4 Global Solar Pv Tracker Estimates & Forecast, By Drive System, 2018–2032 (Usd Million)
Table 5 Global Solar Pv Tracker Estimates & Forecast, By End User, 2018–2032 (Usd Million)
Table 6 Global Solar Pv Tracker Estimates & Forecast, By Region, 2018–2032 (Usd Million)
Table 7 North America: Solar Pv Tracker, By Axis, 2018–2032 (Usd Million)
Table 8 North America: Solar Pv Tracker, By Technology, 2018–2032 (Usd Million)
Table 9 North America: Solar Pv Tracker, By Drive System, 2018–2032 (Usd Million)
Table 10 North America: Solar Pv Tracker, By End User, 2018–2032 (Usd Million)
Table 11 Us: Solar Pv Tracker, By Axis, 2018–2032 (Usd Million)
Table 12 Us: Solar Pv Tracker, By Technology, 2018–2032 (Usd Million)
Table 13 Us: Solar Pv Tracker, By Drive System, 2018–2032 (Usd Million)
Table 14 Us: Solar Pv Tracker, By End User, 2018–2032 (Usd Million)
Table 15 Canada: Solar Pv Tracker, By Axis, 2018–2032 (Usd Million)
Table 16 Canada: Solar Pv Tracker, By Technology, 2018–2032 (Usd Million)
Table 17 Canada: Solar Pv Tracker, By Drive System, 2018–2032 (Usd Million)
Table 18 Canada: Solar Pv Tracker, By End User, 2018–2032 (Usd Million)
Table 19 Mexico: Solar Pv Tracker, By Axis, 2018–2032 (Usd Million)
Table 20 Mexico: Solar Pv Tracker, By Technology, 2018–2032 (Usd Million)
Table 21 Mexico: Solar Pv Tracker, By Drive System, 2018–2032 (Usd Million)
Table 22 Mexico: Solar Pv Tracker, By End User, 2018–2032 (Usd Million)
Table 23 Europe: Solar Pv Tracker, By Axis, 2018–2032 (Usd Million)
Table 24 Europe: Solar Pv Tracker, By Technology, 2018–2032 (Usd Million)
Table 25 Europe: Solar Pv Tracker, By Drive System, 2018–2032 (Usd Million)
Table 26 Europe: Solar Pv Tracker, By End User, 2018–2032 (Usd Million)
Table 27 Germany: Solar Pv Tracker, By Axis, 2018–2032 (Usd Million)
Table 28 Germany: Solar Pv Tracker, By Technology, 2018–2032 (Usd Million)
Table 29 Germany: Solar Pv Tracker, By Drive System, 2018–2032 (Usd Million)
Table 30 Germany: Solar Pv Tracker, By End User, 2018–2032 (Usd Million)
Table 31 France: Solar Pv Tracker, By Axis, 2018–2032 (Usd Million)
Table 32 France: Solar Pv Tracker, By Technology, 2018–2032 (Usd Million)
Table 33 France: Solar Pv Tracker, By Drive System, 2018–2032 (Usd Million)
Table 34 France: Solar Pv Tracker, By End User, 2018–2032 (Usd Million)
Table 35 Uk: Solar Pv Tracker, By Axis, 2018–2032 (Usd Million)
Table 36 Uk: Solar Pv Tracker, By Technology, 2018–2032 (Usd Million)
Table 37 Uk: Solar Pv Tracker, By Drive System, 2018–2032 (Usd Million)
Table 38 Uk: Solar Pv Tracker, By End User, 2018–2032 (Usd Million)
Table 39 Spain: Solar Pv Tracker, By Axis, 2018–2032 (Usd Million)
Table 40 Spain: Solar Pv Tracker, By Technology, 2018–2032 (Usd Million)
Table 41 Spain: Solar Pv Tracker, By Drive System, 2018–2032 (Usd Million)
Table 42 Spain: Solar Pv Tracker, By End User, 2018–2032 (Usd Million)
Table 43 Italy: Solar Pv Tracker, By Axis, 2018–2032 (Usd Million)
Table 44 Italy: Solar Pv Tracker, By Technology, 2018–2032 (Usd Million)
Table 45 Italy: Solar Pv Tracker, By Drive System, 2018–2032 (Usd Million)
Table 46 Italy: Solar Pv Tracker, By End User, 2018–2032 (Usd Million)
Table 47 Poland: Solar Pv Tracker, By Axis, 2018–2032 (Usd Million)
Table 48 Poland: Solar Pv Tracker, By Technology, 2018–2032 (Usd Million)
Table 49 Poland: Solar Pv Tracker, By Drive System, 2018–2032 (Usd Million)
Table 50 Poland: Solar Pv Tracker, By End User, 2018–2032 (Usd Million)
List Of Figures
Figure 1 Global Solar Pv Capacity Addition, 2018-2023 (In Gw)
Figure 2 Global Solar Pv Tracker Market (By Region), 2023
Figure 3 Global Solar Pv Tracker Market Snapshot, 2023
Figure 4 Global Solar Pv Tracker Market: Structure
Figure 5 Global Solar Pv Tracker: Market Growth Factor Analysis (2018-2032)
Figure 6 Share Of New Connections (2020-2030)
Figure 7 Total Solar Pv Installed Capacity In Europe, 2020-2022 (In Gw)
Figure 8 Driver Impact Analysis (2024-2032)
Figure 9 Global Aluminum Prices, 2015-2023 (Usd/Metric Ton)
Figure 10 Global Copper Prices, 2015-2023 (Usd/Metric Ton)
Figure 11 Restraint Impact Analysis (2024-2032)
Figure 12 Electricity Consumption Per Capita In 2022 (In Kilowatt-hours)
Figure 13 Supply Chain: Global Solar Pv Tracker Market
Figure 14 Porter's Five Forces Analysis Of The Solar Pv Tracker Market
Figure 15 Global Solar Pv Tracker Market, By Axis, 2023 (% Share)
Figure 16 Global Solar Pv Tracker Market, By Technology, 2023 (% Share)
Figure 17 Global Solar Pv Tracker Market, By Drive System, 2023 (% Share)
Figure 18 Global Solar Pv Tracker Market, By End User, 2023 (% Share)
Figure 19 Solar Pv Tracker Major Players Market Share Analysis, 2023 (%)
Figure 20 Benchmarking Of Major Competitors
Figure 21 Nextracker Inc.: Financial Overview Snapshot
Figure 22 Nextracker Inc.: Swot Analysis
Figure 23 Array Technologies: Financial Overview Snapshot
Figure 24 Array Technologies: Swot Analysis
Figure 25 Pvhardware: Financial Overview Snapshot
Figure 26 Pvhardware: Swot Analysis
Figure 27 Mecasolar: Swot Analysis
Figure 28 Ideematec: Swot Analysis
Figure 29 Soltec: Financial Overview Snapshot
Figure 30 Soltec: Swot Analysis
Figure 31 Arctech: Swot Analysis
Figure 32 Gamechange Solar.: Swot Analysis
Figure 33 Trina Solar: Financial Overview Snapshot
Figure 34 Trina Solar: Swot Analysis
Figure 35 Allearth Renewables: Swot Analysis
Figure 36 Xiamen Grace Solar Technology: Swot Analysis
Figure 37 Lingyang Technologies Inc.: Swot Analysis

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