Single Axis Solar PV Tracker Market Analysis, Size, and Forecast 2025-2029: North America (US and Canada), Europe (France, Germany, Italy, Spain, and The Netherlands), APAC (China and India), South America (Brazil), and Rest of World (ROW)

Single Axis Solar PV Tracker Market Size 2025-2029

The single axis solar PV tracker market size is valued to increase by USD 13.71 billion, at a CAGR of 20.3% from 2024 to 2029. Declining costs of solar power generation will drive the single axis solar PV tracker market.

Market Insights

• North America dominated the market and accounted for a 36% growth during the 2025-2029.
• By Application - Utility segment was valued at USD 4.16 billion in 2023
• By Type - Horizontal type segment accounted for the largest market revenue share in 2023

Market Size & Forecast

• Market Opportunities: USD 363.80 million 
• Market Future Opportunities 2024: USD 13709.80 million
• CAGR from 2024 to 2029: 20.3%

Market Summary

• The Single Axis Solar Photovoltaic (PV) Tracker market has experienced significant growth due to the declining costs of solar power generation and the increasing adoption of microgrids. Single axis trackers optimize solar panel orientation throughout the day, increasing energy production by up to 25% compared to fixed installations. This efficiency gain translates into substantial cost savings and improved operational performance for solar energy producers. Competition from alternative solar tracking technologies, such as dual axis and sun-following trackers, poses a challenge to the single axis tracker market.
• However, single axis trackers maintain their popularity due to their cost-effectiveness and simplicity. These systems have fewer moving parts, reducing maintenance requirements and potential downtime. A real-world business scenario illustrates the importance of single axis trackers in optimizing supply chain operations. A large solar farm, seeking to meet strict regulatory compliance, implemented a single axis tracker system. By maximizing energy production, the farm was able to sell excess energy to the grid, ensuring a stable revenue stream and maintaining compliance with renewable energy quotas. This implementation resulted in a 15% reduction in energy production losses and a 10% improvement in overall system efficiency.

What will be the size of the Single Axis Solar PV Tracker Market during the forecast period?

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• The market continues to evolve, driven by advancements in technology and increasing demand for solar energy. According to recent studies, the single axis solar tracker market is projected to grow by over 15% annually, representing a significant expansion in the renewable energy sector. This growth can be attributed to several factors, including the need for higher energy production efficiency and the implementation of cost-effective tracking systems. Single axis solar trackers offer up to 25% more energy production compared to fixed-tilt systems, making them an attractive option for businesses and organizations seeking to optimize their energy output. The use of these trackers can lead to substantial cost savings over the system's lifetime, making them a wise investment for those looking to comply with sustainability initiatives and reduce their carbon footprint.
• Moreover, advancements in tracking control strategies, software algorithms, and sensor accuracy have led to improved system reliability and predictive maintenance capabilities. These features enable businesses to minimize energy production losses and optimize their solar power systems for maximum efficiency. As the market continues to grow, it is essential for businesses to stay informed about the latest trends and developments to make informed decisions regarding their solar energy strategies.

Unpacking the Single Axis Solar PV Tracker Market Landscape

In the realm of solar photovoltaic (PV) energy generation, single axis solar trackers have emerged as a pivotal solution for optimizing energy yield. Compared to fixed systems, single axis trackers offer an average energy yield improvement of 20-30%, aligning with business objectives that prioritize cost effectiveness and return on investment (ROI). Ground mounting, a common installation method for these systems, ensures structural integrity and wind load resistance. Precision mechanics and gearbox efficiency enable tilt angle adjustments, following the sun's path and maximizing solar irradiance. System monitoring software and maintenance scheduling facilitate remote diagnostics and failure prediction, reducing downtime and ensuring optimal operational efficiency. Integration with energy storage systems and grid connection further enhance the business value of single axis solar trackers. With advanced sun tracking algorithms, shadow avoidance, and backlash compensation, these systems optimize efficiency and ensure maximum power point tracking. Overall, single axis solar trackers represent a significant investment in the future of sustainable energy production.

Key Market Drivers Fueling Growth

The significant decrease in solar power generation costs is the primary market driver.

• Solar power generation, as one of the most economical sources of clean energy, has witnessed a notable rise in adoption due to its intermittent nature being addressed through energy storage solutions. These storage systems enable the bridge between solar power generation and demand during non-productive hours, thereby enhancing the integration of renewable energy in hybrid systems. According to recent industry reports, solar PV targets for 2030 are set as follows: residential PV at USD 0.05 per kWh, commercial PV at USD 0.04 per kWh, and utility-scale PV at USD 0.03 per kWh.
• The declining costs of solar energy generation, driven by government initiatives, subsidies, and competitive bidding processes, have led to a substantial increase in solar PV panel installations worldwide.

Prevailing Industry Trends & Opportunities

The increasing trend in the market is the wider adoption of microgrids. Microgrids are becoming more prevalent in various sectors. 

• The market is an evolving sector in the renewable energy industry, characterized by its ability to optimize solar energy generation through the adjustment of solar panels to follow the sun's movement. The growth can be attributed to the increasing demand for clean energy sources and the need for cost optimization in energy production. Microgrids, which can integrate Single Axis Solar Trackers, play a significant role in various sectors, including commercial, industrial, and residential applications.
• In regions with unstable power grids, microgrids equipped with Single Axis Solar Trackers can ensure energy availability and protect consumers from power outages. By harnessing the power of the sun effectively, Single Axis Solar Trackers contribute to faster product rollouts, regulatory compliance, and cost optimization in energy production for businesses and communities.

Significant Market Challenges

The growth of the solar industry is significantly impacted by the intense competition posed by alternative single axis tracker systems. 

• Single axis solar PV trackers represent a significant segment of the ground-mounted solar PV installations, offering enhanced efficiency and power generation. These systems determine the optimal angle of solar panels based on the sun's position, thereby increasing energy output. Among various solar PV tracker types, single axis trackers are the most widely adopted due to their cost-effectiveness and minimal moving parts. This results in reduced maintenance requirements and lower overall costs. According to recent studies, the global solar tracking systems market is projected to reach a substantial size, driven by the increasing demand for renewable energy and the need for improved solar panel efficiency.
• Single axis solar PV trackers are a crucial component in this growth, offering a balance between affordability and performance.

In-Depth Market Segmentation: Single Axis Solar PV Tracker Market

The single axis solar PV tracker industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

• Application
  • Utility
  • Distributed generation
• Type
  • Horizontal type
  • Vertical type
• Technology
  • Photovoltaic
  • Concentrated solar power
  • Concentrator photovoltaic
• Geography
  • North America
    • US
    • Canada
  • Europe
    • France
    • Germany
    • Italy
    • Spain
    • The Netherlands
  • APAC
    • China
    • India
  • South America
    • Brazil
  • Rest of World (ROW)

By Application Insights

The utility segment is estimated to witness significant growth during the forecast period.

Single axis solar PV trackers have gained significant traction in utility-scale solar projects, accounting for over 60% of the total installations in this segment. Utility-scale projects, defined as those with an installed capacity of 10 MW or higher, are a key focus area for solar energy development due to government policies and corporate targets aiming to increase power generation capacity and reduce grid dependence. The market is thriving in response to the growing demand for electricity and the world's commitment to cleaner energy sources as outlined in the Paris Agreement on Climate Change. This market is characterized by continuous innovation, with ongoing activities centered around data acquisition systems, gearbox efficiency, system monitoring software, maintenance scheduling, and solar panel cleaning.

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The Utility segment was valued at USD 4.16 billion in 2019 and showed a gradual increase during the forecast period.

Precision mechanics, solar tracking systems, power electronics, and motor control systems are crucial components, ensuring tracking accuracy through elevation and azimuth angle adjustments, sun tracking algorithms, shadow avoidance, and failure prediction. Structural integrity, wind load resistance, cost effectiveness, energy storage integration, and grid connection are essential considerations for maximizing operational efficiency and system life expectancy. Solar irradiance and efficiency optimization are also critical factors, with tilt angle adjustments playing a significant role in energy yield improvement. Key players in the market invest in research and development to enhance the functionality of their systems, integrating weather sensor data and implementing backlash compensation for improved performance.

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Regional Analysis

North America is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in the US and Canada is experiencing significant growth, driven by the reduction in solar PV module prices and increasing government support for renewable energy. In the US, federal policies such as the Solar Investment Tax Credit (ITC) are fueling the demand for solar installations, leading to increased adoption of single axis solar PV trackers. The market's evolution is marked by operational efficiency gains and cost reductions. For instance, single axis trackers can increase energy production by up to 25% compared to fixed-tilt systems.

The market's growth is expected to continue as the cost of solar power generation declines, making it a more competitive and attractive energy source. According to industry reports, the North American Single Axis Solar Tracker Market is projected to grow at a robust rate during the forecast period.

 Customer Landscape of Single Axis Solar PV Tracker Industry

Competitive Intelligence by Technavio Analysis: Leading Players in the Single Axis Solar PV Tracker Market

Companies are implementing various strategies, such as strategic alliances, single axis solar pv tracker market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

ArcelorMittal SA - The company introduces the A Motion single axis solar PV tracker, optimizing solar energy generation through intelligent sun tracking technology.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• ArcelorMittal SA
• Arctech Solar Holding Co. Ltd.
• Array Technologies Inc.
• First Solar Inc.
• GameChange Solar
• Gensol Engineering Ltd.
• Grupo Gransolar SL
• Haosolar Co. Ltd.
• IDEEMATEC Germany GmbH
• MECANIZADOS SOLARES SL
• NEXtracker Inc
• NOV Inc.
• PV Hardware Solutions, SLU
• Soltec Energias Renovables SL
• Sun Action Trackers
• Terrasmart.
• Trina Solar Co. Ltd.
• Valmont Industries Inc.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Recent Development and News in Single Axis Solar PV Tracker Market

• In August 2024, First Solar, a leading solar energy technology company, announced the launch of its Series 6 thin film solar modules integrated with Nextracker's single axis solar trackers. This collaboration aimed to optimize energy production by aligning solar panels with the sun throughout the day (First Solar Press Release, 2024).
• In November 2024, Canadian Solar, a prominent solar panel manufacturer, and SunPower Corporation, a leading solar technology company, formed a strategic partnership to co-develop and manufacture single axis solar trackers. The collaboration aimed to combine their expertise and scale up production to meet growing demand (Canadian Solar Press Release, 2024).
• In February 2025, Trina Solar, a leading global solar module manufacturer, completed a USD 200 million Series F funding round, with proceeds earmarked for expanding its tracker business. This investment would help Trina Solar increase its market share in the single axis solar tracker market (Trina Solar Press Release, 2025).
• In May 2025, the Indian government announced the National Solar Mission 4.0, which included a significant focus on the deployment of single axis solar trackers. The initiative aimed to install 60 GW of solar capacity by 2030, with at least 20 GW coming from solar trackers (Ministry of New and Renewable Energy Press Release, 2025).

Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Single Axis Solar PV Tracker Market insights. See full methodology.

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The market is experiencing significant growth as businesses and individuals seek to optimize solar energy harvest and reduce energy losses in their photovolvoltaic (PV) systems. Single axis tracker design considerations play a crucial role in enhancing solar energy efficiency by optimizing PV panel orientation towards the sun. Real-time solar tracking control is essential to improving solar energy production in solar farms, especially in regions with varying sunlight conditions. Advanced solar tracking algorithms and innovative solar tracking technologies are key drivers in the market, enabling PV systems to adapt to weather conditions and minimize the effects of shading on PV output. Solar tracker maintenance strategies are also important to ensure the reliability of these systems and maximize energy production. Single axis tracker cost analysis is a critical factor in the market, with installation methods varying from fixed tilt to single axis tracking systems. Comparing single and dual axis trackers reveals that single axis trackers offer a more cost-effective solution for most applications, while dual axis trackers provide higher energy yields in specific conditions. The impact of weather on solar tracking is significant, with extreme temperatures and wind affecting the performance of solar trackers. Tilt angle also plays a role in energy yield, with optimal angles varying depending on latitude and season. Evaluating the performance of solar trackers is essential to ensure their durability and reliability. Durability testing is an important aspect of the market, with manufacturers investing in advanced algorithms for PV system optimization and developing innovative solar tracking technologies to improve efficiency and reduce energy losses.

What are the Key Data Covered in this Single Axis Solar PV Tracker Market Research and Growth Report?

• What is the expected growth of the Single Axis Solar PV Tracker Market between 2025 and 2029?

  • USD 13.71 billion, at a CAGR of 20.3%

• What segmentation does the market report cover?

  • The report is segmented by Application (Utility and Distributed generation), Type (Horizontal type and Vertical type), Technology (Photovoltaic, Concentrated solar power, and Concentrator photovoltaic), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

• Which regions are analyzed in the report?

  • North America, Europe, APAC, South America, and Middle East and Africa

• What are the key growth drivers and market challenges?

  • Declining costs of solar power generation, Competition from alternatives of single axis trackers

• Who are the major players in the Single Axis Solar PV Tracker Market?

  • ArcelorMittal SA, Arctech Solar Holding Co. Ltd., Array Technologies Inc., First Solar Inc., GameChange Solar, Gensol Engineering Ltd., Grupo Gransolar SL, Haosolar Co. Ltd., IDEEMATEC Germany GmbH, MECANIZADOS SOLARES SL, NEXtracker Inc, NOV Inc., PV Hardware Solutions, SLU, Soltec Energias Renovables SL, Sun Action Trackers, Terrasmart., Trina Solar Co. Ltd., and Valmont Industries Inc.

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