Solar Tracker Market

 The global solar tracker market is projected to reach USD 22.87 billion by 2029, growing at a CAGR of 17.3% from 2024 to 2029. The solar tracker market is driven by the increasing initiatives to achieve renewable energy targets, supportive government policies, and the need to enhance solar power generation efficiency. Solar trackers facilitate the dynamic alignment of photovoltaic arrays with the sun's trajectory, resulting in a marked increase in energy yield compared to stationary installations. The market is bolstered by the decreasing solar technology costs, the proliferation of utility-scale solar developments, and international efforts to mitigate carbon emissions. Moreover, technological advancements in tracking systems, such as artificial intelligence-driven monitoring and dual-axis tracking mechanisms, significantly improve performance and operational reliability. The escalating energy demands in developing regions and a growing emphasis on sustainable infrastructure create a conducive environment for continued market growth.

Nextracker Inc., founded in 2013 and based in Fremont, California, specializes in solar trackers and software solutions for various solar projects globally. Its advanced tracking systems include NX Horizon and NX Horizon-XTR, which are designed to optimize solar energy capture in diverse terrains. The platform features True Capture, which adjusts tracker positions based on site conditions, and NX Navigator, which manages solar projects. Nextracker has a strong global presence with regional offices and manufacturing facilities to support its customers.

To know about the assumptions considered for the study download the pdf brochure

Trinasolar was founded in 1997 and is headquartered in Changzhou, Jiangsu Province, China. The company designs, develops, manufactures, and sells photovoltaic (PV) products, PV systems, and smart energy solutions. It distinguishes itself as the only entity in the solar photovoltaic sector with dedicated research and development as well as engineering centers located in Europe and Asia, focusing on the advancement of modules and tracking systems. The company has strategically established multiple branches across regions, including China, Asia Pacific, the Middle East and Africa, Europe, Latin America and the Caribbean, and North America. This extensive network enables the company to effectively serve diverse global clients with cutting-edge solutions and comprehensive support services.

Array Technologies Inc., a leading utility-scale solar tracker technology provider, was founded in 1989 in the United States. The company engineers and manufactures ground-mounted tracking systems used worldwide in utility and distributed generation solar energy projects. Array's flagship product is the DuraTrack HZ v3 solar tracker, which uses a patented design to allow one motor to drive multiple rows of solar panels. The company also offers other tracker systems, including the Array STI H250, Array OmniTrack, and its SmarTrack software for optimizing the performance of utility-scale solar sites.

Array Technologies Inc. serves customers globally, focusing on major solar markets in North America, South America, Europe, Asia, and Australia. The company has manufacturing facilities and operations in the United States, including its headquarters in Albuquerque, New Mexico.

Market Ranking

Nextracker Inc., Trinasolar, Array Technologies, Soltec, and Arctech emerge as the top 5 companies dominating the solar tracker market based on market presence, technological advancements, and global project deployments. Nextracker Inc. is leading due to its strong international footprint, innovative smart tracking systems, and robust partnerships across utility-scale solar projects. Trinasolar, with its vertically integrated solar solutions and growing tracker portfolio, continues to strengthen its market share through strategic expansions and R&D capabilities. Array Technologies stands out for its durable and cost-effective tracker systems, with a strong customer base across North America and beyond. Soltec's expertise in single-axis trackers and its expansion in emerging markets contribute significantly to its growing influence. Arctech rounds off the top five with a balanced global presence, modular tracking solutions, and technological innovation focused on high-efficiency systems. Together, these companies lead the market by offering scalable, reliable, and performance-optimized solar tracking technologies, driving the adoption of solar energy globally. Their continuous investments in innovation, expansion into new geographies, and commitment to lowering the levelized cost of energy (LCOE) place them at the forefront of the competitive landscape in the solar tracker industry.

Related Reports:

Solar Tracker Market by Axis Type (Single-axis, Dual-axis), Type (Grid-connected, Off-grid), Application (Utility, Non-utility), Region (Asia Pacific, North America, Europe, Latin America, Middle East & Africa) - Global Forecast to 2029

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets Inc.
1615 South Congress Ave.
Suite 103,
Delray Beach, FL 33445
USA : 1-888-600-6441
sales@marketsandmarkets.com