PV Trackers Market (2024-2035) – A Comprehensive Report

Market Overview

The Global PV Trackers Market is valued at USD 2.1 Billion in 2024 and is projected to reach a value of USD 7.64 Billion by 2035 at a CAGR (Compound Annual Growth Rate) of 17.5% between 2025 and 2035

The PV trackers market has become an indispensable component of the photovoltaic (PV) energy industry. PV trackers, also known as solar trackers, are mechanical devices that orient photovoltaic panels toward the sun throughout the day. By maximizing solar exposure, these trackers significantly enhance the energy output of solar power systems. The core product types in the market include single-axis trackers, which follow the sun from east to west, and dual-axis trackers, which adjust based on both the sun's elevation and azimuth angles.

These trackers are typically utilized in utility-scale solar power projects, though their application in commercial and industrial settings is on the rise. Their primary use is to increase the efficiency and output of solar installations, thereby improving the overall return on investment (ROI). In the era of net-zero commitments and renewable energy targets, PV trackers offer a scalable solution to maximize solar energy yield.

Key players are investing heavily in advanced tracking technologies, including sensor-based and AI-powered systems. This has led to increased adoption across regions like North America, Europe, and Asia-Pacific. With favorable government policies, subsidies, and increasing investments in clean energy, the PV trackers market is expected to witness substantial growth during the forecast period from 2024 to 2035.

Key Market Trends

One of the most notable trends in the PV trackers market is the shift toward smart solar tracking systems. These trackers incorporate machine learning algorithms, GPS positioning, and real-time weather data to enhance tracking precision. By dynamically adjusting panel angles, these systems optimize solar capture and reduce shading losses.

Another major trend is the integration of Internet of Things (IoT) and Artificial Intelligence (AI) in solar farms. These technologies enable remote monitoring, predictive maintenance, and data-driven decision-making, further increasing efficiency and system uptime.

Sustainability and environmental considerations are also influencing tracker designs. Manufacturers are developing systems using recyclable materials and eco-friendly coatings, aligning with the global push toward sustainability. Moreover, trackers that reduce land use and allow for agrivoltaic applications—farming beneath solar panels—are gaining traction.

Additionally, bifacial PV panels, which capture sunlight from both sides, are being increasingly paired with trackers to boost output. This trend is most evident in high-reflectivity environments like deserts.

On the consumer side, demand for customizable, modular, and retrofittable tracker systems is growing. Clients prefer systems that can be integrated with existing infrastructure without extensive modification.

Competitive Landscape

• Convert Italia
• Solar Steel
• STi Norland
• SunLink
• NEXTracker
• Arctech Solar
• First Solar
• Scorpius Trackers
• SunPower
• PV Hardware
• Ideematec
• Mahindra Susten
• Grupo Clavijo
• NClave
• Soltec
• Sun Action Trackers
• Exosun

Product or Service Analysis

The PV trackers market can be segmented based on product type, design, and application. The main product categories include:

Single-Axis Trackers:

• Most commonly used.
• Cost-effective and suitable for utility-scale installations.
• Come in horizontal (HSAT) and vertical (VSAT) tilt variants.

Dual-Axis Trackers:

• More complex and expensive.
• Offer higher efficiency.
• Best suited for locations with variable solar angles and high irradiation.

Manual vs. Automated Trackers:

• Manual trackers require physical adjustment, typically used in small-scale or remote installations.
• Automated systems use motors and software, providing higher output and operational efficiency.

From a service perspective, key offerings include:

• Installation and Commissioning Services
• Operation and Maintenance (O&M)
• Software and Control Systems

Smart tracking systems are emerging as the premium product class, integrating AI, predictive analytics, and remote control capabilities. These systems also offer diagnostic tools, fault detection algorithms, and integration with energy management platforms.

Market Segmentation

The PV trackers market can be segmented by several key parameters:

By Product Type:

• Single-Axis
• Dual-Axis

By Technology:

• Manual
• Automated
• AI-Enabled

By Application:

• Utility-Scale
• Commercial & Industrial
• Residential

By End-User:

• Energy Utilities
• Independent Power Producers (IPPs)
• Government Projects

By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

Among these, the utility-scale segment dominates due to high-capacity installations, followed by commercial setups. North America and Asia-Pacific are the largest markets, driven by government incentives and abundant solar resources.

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Innovations and Developments

The PV trackers market is undergoing a wave of innovations that are reshaping system design and performance. Key developments include:

• AI-Powered Tracking Algorithms: These systems use weather data, solar position, and performance metrics to optimize angle adjustments in real time.
• Sensor-Based Tracking: Incorporates light and temperature sensors for real-time responsiveness, minimizing losses due to shading or misalignment.
• Self-Cleaning Trackers: New coatings and robotic cleaning systems are being introduced, especially in arid regions where dust accumulation is a challenge.
• Hybrid Systems: Trackers integrated with energy storage units and grid management tools offer a comprehensive solution for renewable integration.
• Modular Trackers: These allow for quick assembly and expansion, beneficial for phased or terrain-specific projects.
• Blockchain Integration: Emerging applications of blockchain are being tested for contract management, energy credit tracking, and performance analytics.

Research institutions and private sector collaborations are further fueling innovation, with patents and pilot projects being launched globally.

Sustainability and Environmental Impact

The environmental impact of PV tracker systems is relatively low compared to conventional energy generation technologies. However, sustainability is becoming a critical differentiator in the market.

Key sustainability initiatives include:

• Material Efficiency: Use of recyclable and corrosion-resistant materials.
• Low-Impact Foundations: Ballasted or screw foundations that minimize land disturbance.
• Agrivoltaics: Integration of farming and solar tracking, promoting biodiversity and dual land use.
• Energy-Efficient Motors: Designs that use low-energy consumption actuators.

Regulatory frameworks such as the EU Green Deal and U.S. Inflation Reduction Act are incentivizing eco-friendly tracker systems. Manufacturers that comply with Environmental Product Declarations (EPDs) and ISO 14001 standards are gaining preference among institutional buyers.

Further, lifecycle analysis and carbon footprint metrics are being adopted as key selection criteria in public tenders and large-scale projects.

Conclusion and Future Outlook

The PV trackers market (2024-2035) is poised for robust growth, driven by technological advancements, falling costs, and global renewable energy targets. From smart, AI-enabled trackers to agrivoltaic-compatible systems, the landscape is evolving rapidly.

Future Growth Drivers:

• Global decarbonization goals
• Favorable government policies and incentives
• Technological convergence (AI, IoT, blockchain)
• Expansion into emerging markets (Africa, Southeast Asia)

Challenges such as high upfront costs, mechanical failures, and land use conflicts remain, but these are being addressed through innovation and design improvements.