Global Single Axis Solar PV Tracker Market By Orientation (Horizontal Single Axis, Vertical Single Axis), By Panel Type (Monocrystalline Panels, Polycrystalline Panels, Thin-Film Panels), By Tracker Type (Fixed-tilt Trackers, Tilt-only Trackers, Hybrid Trackers), By Mechanism (Mechanical Drive, Electric Drive, Hydraulic Drive), By Application (Utility-Scale, Commercial and Industrial, Residential) , By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2025-2034

Report Overview

The Global Single Axis Solar PV Tracker Market size is expected to be worth around USD 25.8 Billion by 2034, from USD 6.9 Billion in 2024, growing at a CAGR of 14.1% during the forecast period from 2025 to 2034.

Single Axis Solar Photovoltaic (PV) Trackers are pivotal in enhancing the efficiency of solar energy systems by enabling solar panels to follow the sun’s trajectory along a single axis, typically from east to west. This dynamic positioning increases energy capture compared to fixed-tilt systems, making them especially valuable for utility-scale solar installations.​

The solar panel converts sunlight into electricity, and when integrated with a vertical axis tracker, it significantly improves its efficiency. A microcontroller is used to compare data and adjust the solar panel’s position via a stepper motor to ensure it collects the maximum amount of solar energy. Experimental results show that the automatic solar tracking system increases the efficiency by 72.45% compared to fixed panels. The output power of the fixed panel is 8.289 watts, while the automatically adjusted panel generates 14.287 watts.

Technological innovations have significantly contributed to the market’s growth. For instance, the integration of bifacial solar modules with single-axis trackers has been shown to reduce the levelized cost of electricity (LCOE) by 16% compared to conventional systems. These advancements, coupled with economies of scale and optimized manufacturing processes, have made single-axis trackers more cost-effective and efficient.​

According to the U.S. Energy Information Administration (EIA), their projections assume substantial growth in renewable energy sources and electric vehicles by 2030, driven by recent government policies. While global energy demand is expected to rise by 7% by 2030 under the Stated Policies Scenario, there is a marked shift towards renewables and nuclear energy. Although oil demand is forecasted to continue into the 2030s, it will stabilize at around 100 million barrels per day through 2050, barring significant changes in policy direction.

The single-axis solar tracker market is poised for continued growth. Emerging markets with high solar potential, such as parts of Africa and Southeast Asia, present new opportunities for expansion. Furthermore, ongoing research into advanced tracking algorithms and materials promises to further improve the performance and reduce the costs of these systems. As the global emphasis on renewable energy intensifies, single-axis solar trackers are expected to play an increasingly significant role in the transition to sustainable energy solutions.​

Key Takeaways

• Single Axis Solar PV Tracker Market size is expected to be worth around USD 25.8 Billion by 2034, from USD 6.9 Billion in 2024, growing at a CAGR of 14.1%.
• Horizontal Single Axis held a dominant market position, capturing more than an 86.7% share.
• Monocrystalline Panels held a dominant market position, capturing more than a 53.8% share.
• Hybrid Trackers held a dominant market position, capturing more than a 54.1% share.
• Electric Drive held a dominant market position, capturing more than a 67.3% share.
• Utility-Scale held a dominant market position, capturing more than a 72.6% share.
• Asia Pacific (APAC) region stands as the dominant player in the global single-axis solar photovoltaic (PV) tracker market, commanding a substantial share of approximately 46.1%, equating to an estimated market value of USD 3.1 billion in 2024.

By Orientation

Horizontal Single Axis dominates with 86.7% share in 2024, driven by high utility-scale deployment.

In 2024, Horizontal Single Axis held a dominant market position, capturing more than an 86.7% share in the Single Axis Solar PV Tracker Market by orientation. This strong preference was mainly due to its suitability for large utility-scale projects and its ability to maximize energy yield with relatively low mechanical complexity.

Horizontal systems are especially efficient in sun-rich regions like India, the U.S., and Australia, where east-to-west sun tracking significantly improves power generation. Their simpler design and lower maintenance needs compared to vertical or tilted trackers also contributed to their dominance. As more solar farms target cost-effective scaling with higher returns, horizontal single-axis systems are expected to maintain a strong position into 2025.

By Panel Type

Monocrystalline Panels lead with 53.8% share in 2024 due to high efficiency and performance.

In 2024, Monocrystalline Panels held a dominant market position, capturing more than a 53.8% share in the Single Axis Solar PV Tracker Market by panel type. These panels gained wider acceptance because of their superior efficiency, longer lifespan, and better space utilization, especially in large-scale solar installations.

Their compatibility with tracking systems further enhanced their appeal, as the combination of high-efficiency monocrystalline modules with single-axis trackers delivers optimal energy output per square meter. This made them the preferred choice for developers seeking better returns on land and infrastructure investment. Looking ahead into 2025, their continued price decline and strong performance in diverse climates are expected to further solidify their market position.

By Tracker Type

Hybrid Trackers lead with 54.1% share in 2024 for combining precision with adaptive solar performance.

In 2024, Hybrid Trackers held a dominant market position, capturing more than a 54.1% share in the Single Axis Solar PV Tracker Market by tracker type. These trackers gained popularity for blending the benefits of both active and passive tracking systems—offering improved flexibility, energy efficiency, and system responsiveness. Their ability to adapt panel orientation more accurately in varied weather conditions helped operators optimize power output throughout the day. Especially in areas with fluctuating sunlight patterns, hybrid systems provided a reliable middle ground between cost and performance. With energy projects aiming for smarter grid integration and enhanced returns in 2025, hybrid trackers are expected to see sustained adoption.

By Mechanism

Electric Drive dominates with 67.3% share in 2024 due to its precision and operational reliability.

In 2024, Electric Drive held a dominant market position, capturing more than a 67.3% share in the Single Axis Solar PV Tracker Market by mechanism. This dominance was fueled by its consistent performance, low maintenance needs, and greater control over solar panel movement. Electric drive systems use motors and controllers to precisely align panels with the sun’s path, which enhances energy yield in utility-scale solar farms. Their adaptability in different terrains and climates made them the preferred choice for developers aiming for high-efficiency output. As grid-connected solar projects continue to grow into 2025, the demand for electric drive trackers is expected to remain strong.

By Application

Utility-Scale projects dominate with 72.6% share in 2024 driven by large solar farm installations.

In 2024, Utility-Scale held a dominant market position, capturing more than a 72.6% share in the Single Axis Solar PV Tracker Market by application. The wide use of these trackers in large solar farms played a major role in this lead, as utility-scale projects require high-efficiency systems to maximize return on investment.

Single axis trackers enhance energy generation by following the sun’s path throughout the day, making them ideal for utility operators managing vast land areas. Governments across regions have also backed such installations with policy incentives and tenders, further boosting adoption. Looking ahead into 2025, continued global investment in grid-scale solar energy will keep utility-scale applications at the forefront.

Key Market Segments

By Orientation

• Horizontal Single Axis
• Vertical Single Axis

By Panel Type

• Monocrystalline Panels
• Polycrystalline Panels
• Thin-Film Panels

By Tracker Type

• Fixed-tilt Trackers
• Tilt-only Trackers
• Hybrid Trackers

By Mechanism

• Mechanical Drive
• Electric Drive
• Hydraulic Drive

By Application

• Utility-Scale
• Commercial and Industrial
• Residential

Drivers

Government Initiatives Fueling the Growth of Single-Axis Solar PV Trackers

A significant driving force behind the growth of the single-axis solar photovoltaic (PV) tracker market is the robust support from government initiatives aimed at promoting renewable energy adoption. In India, for instance, the government launched the Pradhan Mantri Surya Ghar Muft Bijli Yojana in February 2024, with an outlay of ₹75,021 crore. This scheme targets the installation of rooftop solar systems in one crore households, providing up to 300 units of free electricity monthly and offering subsidies ranging from ₹30,000 to ₹78,000 per household.​

Such initiatives not only make solar energy more accessible but also create a conducive environment for the adoption of advanced technologies like single-axis trackers. These trackers enhance the efficiency of solar panels by allowing them to follow the sun’s path, thereby increasing energy yield. The integration of such technologies aligns with India’s ambitious goal of achieving 500 GW of non-fossil fuel-based energy capacity by 2030.

Moreover, the government’s focus on promoting domestic manufacturing of solar components, including trackers, further bolsters the market. By incentivizing local production, the government aims to reduce dependency on imports and stimulate economic growth within the renewable energy sector.​

In summary, government policies and initiatives play a pivotal role in driving the adoption of single-axis solar PV trackers. Through financial incentives, infrastructure support, and a focus on domestic manufacturing, these policies create a favorable ecosystem for the growth of the solar tracker market.

Restraints

High Initial Investment: A Key Barrier to Single-Axis Solar PV Trackers

One of the primary challenges hindering the widespread adoption of single-axis solar photovoltaic (PV) trackers is their high initial cost. These systems, designed to orient solar panels towards the sun, can increase the overall installation cost of solar power systems. For instance, adding a tracker can raise the cost of a solar module by approximately $500. While trackers can enhance energy production, the upfront investment remains a significant hurdle, especially for smaller projects or those with limited budgets.​

In regions like India, where land acquisition costs are substantial, the financial burden of installing trackers becomes even more pronounced. The need for extensive land to accommodate these systems competes with other land requirements, further escalating costs. Additionally, the maintenance and operational expenses associated with trackers can be higher compared to fixed-tilt systems, adding to the long-term financial commitment.​

Despite the potential for increased energy yield, the combination of high initial and ongoing costs makes single-axis trackers less attractive for certain applications, particularly in areas where economic constraints are a significant consideration. Therefore, addressing the cost-related challenges is crucial for accelerating the adoption of single-axis solar PV trackers and realizing their full potential in renewable energy generation.

Opportunity

Government Initiatives Driving the Growth of Single-Axis Solar PV Trackers

A significant opportunity for the growth of the single-axis solar photovoltaic (PV) tracker market lies in India’s ambitious government initiatives aimed at expanding solar energy capacity. The Pradhan Mantri Surya Ghar Muft Bijli Yojana, launched in February 2024, exemplifies such efforts. With an investment of ₹75,021 crore, the scheme targets the installation of rooftop solar systems in 1 crore households by 2027, providing up to 300 units of free electricity monthly and offering subsidies ranging from ₹30,000 to ₹78,000 per household. ​

These initiatives not only promote the adoption of solar energy but also create a conducive environment for the integration of advanced technologies like single-axis trackers. Such trackers enhance the efficiency of solar panels by allowing them to follow the sun’s path, thereby increasing energy yield. The government’s focus on domestic manufacturing further supports this growth, aiming to reduce dependency on imports and stimulate economic growth within the renewable energy sector.​

Additionally, the Grid-Connected Rooftop Solar Programme (MNRE Phase II) aims to achieve 40 GW of rooftop solar capacity by March 2026, providing subsidies for residential installations and supporting state-level distribution companies in promoting rooftop solar adoption. ​

In summary, government policies and initiatives play a pivotal role in driving the adoption of single-axis solar PV trackers. Through financial incentives, infrastructure support, and a focus on domestic manufacturing, these policies create a favorable ecosystem for the growth of the solar tracker market.

Trends

Integration of Bifacial Modules with Single-Axis Trackers

A significant trend in the single-axis solar photovoltaic (PV) tracker market is the integration of bifacial solar modules with single-axis trackers. This combination enhances the efficiency of solar power generation by capturing sunlight on both sides of the panel, thereby increasing energy yield.

According to the International Energy Agency’s PV Power Systems Programme, pairing bifacial modules with single-axis trackers can reduce the levelized cost of electricity (LCOE) by 16% compared to conventional systems. ​

In the United States, this integration has become prevalent, with 94% of new utility-scale PV capacity in 2022 utilizing single-axis tracking systems. This widespread adoption is attributed to the efficiency gains offered by bifacial modules and the supportive policy environment, including tax incentives and subsidies. ​

Globally, the adoption of bifacial modules is expected to continue growing, with projections indicating that they will account for over 70% of the global market by 2033. This growth is driven by advancements in technology, cost reductions, and the increasing demand for efficient and sustainable energy solutions. ​

In India, the government’s initiatives such as the Pradhan Mantri Surya Ghar Muft Bijli Yojana aim to promote solar energy adoption, creating a conducive environment for the deployment of advanced technologies like bifacial modules and single-axis trackers. These efforts are expected to contribute to the growth of the solar tracker market in the country. ​

In summary, the integration of bifacial modules with single-axis trackers represents a significant trend in the solar energy sector, offering enhanced efficiency and cost-effectiveness. Supported by favorable policies and technological advancements, this trend is poised to drive the growth of the single-axis solar PV tracker market globally.​

Regional Analysis

The Asia Pacific (APAC) region stands as the dominant player in the global single-axis solar photovoltaic (PV) tracker market, commanding a substantial share of approximately 46.1%, equating to an estimated market value of USD 3.1 billion in 2024. This prominence is underpinned by a combination of favorable government policies, technological advancements, and increasing investments in renewable energy infrastructure.​

China, the largest contributor within APAC, continues to lead in solar PV installations. In 2021, China accounted for about 38% of solar PV generation growth, with significant capacity additions in 2020 and 2021 . The nation’s commitment to renewable energy is further exemplified by its 14th Five-Year Plan, which includes a goal of 33% of power generation from renewable sources by 2025, up from 29% in 2021.​

The integration of bifacial solar modules with single-axis trackers is a notable trend in the region. This combination enhances energy yield by capturing sunlight on both sides of the panel, thereby increasing efficiency. Advancements in materials and tracking algorithms have further improved the performance and cost-effectiveness of these systems.​

Key Regions and Countries

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of MEA

Key Players Analysis

Arctech Solar, a global leader in solar tracking solutions, is known for its innovative single-axis solar PV trackers. The company offers advanced tracking systems such as the SkyLine and the SkySmart series, designed for utility-scale projects. Arctech Solar has a strong presence in Asia, Europe, and the Americas, contributing to its market dominance. With continuous advancements in tracking technologies and a focus on energy efficiency, Arctech is well-positioned to capitalize on the growing demand for renewable energy solutions globally.

Canadian Solar is one of the world’s largest solar energy companies, providing high-performance single-axis solar PV trackers. The company’s solar tracking systems are designed to increase energy output while reducing overall system costs. Canadian Solar operates in over 20 countries, with a strong presence in North America, Asia, and Europe. Known for its solar modules and systems, the company also invests in renewable energy infrastructure projects, enhancing its market position as a leading solar solution provider globally.

Valmont Industries, a global leader in infrastructure and agricultural solutions, has made significant strides in the solar sector, offering single-axis solar PV trackers. Their designs focus on maximizing energy efficiency through precision engineering and reliable tracking systems. Valmont’s trackers are used in utility-scale solar projects, with a strong market presence in North America and Europe. Their emphasis on sustainable, cost-effective solutions, combined with robust engineering, makes Valmont a prominent player in the global solar tracking market.

Top Key Players in the Market

• Arctech Solar
• Array Technologies
• Canadian Solar
• Valmont Industries, Inc.
• DEGERenergie
• First Solar
• Fronius International
• Hanwha Group
• JA Solar
• JinkoSolar
• Kyocera Corporation
• Nextracker
• PV Hardware
• Soltec Power Holdings
• SunPower Corporation
• Trina Solar

Recent Developments

In 2024 Array Technologies, the company reported a revenue of $915.8 million, a decrease from $1.6 billion in 2023, primarily due to project delays and macroeconomic factors . Despite this, Array Technologies maintained a strong presence in the market, with its OmniTrack™ product representing over 20% of its order book by the end of 2024 .

As of 2024, Arctech has supplied over 91 GW of tracking and racking systems to nearly 1,900 PV plants across 40 countries. With a workforce of over 2,000 employees, the company has established local offices in China, Japan, Vietnam, India, the U.S., Spain, Australia, the UAE, Saudi Arabia, South Africa, Mexico, Chile, Brazil, Colombia, and Argentina.

Report Scope