Single-Axis Trackers Market
The market for Single-Axis Trackers was estimated at $6.0 billion in 2024; it is anticipated to increase to $10.1 billion by 2030, with projections indicating growth to around $15.4 billion by 2035.
Report Summary
Market Data
Methodology
Table of Contents
Global Single-Axis Trackers Market Outlook
Revenue, 2024
$6.0B
Forecast, 2034
$14.1B
CAGR, 2025 - 2034
8.9%
The Single-Axis Trackers industry revenue is expected to be around $6.6 billion in 2025 and expected to showcase growth with 8.9% CAGR between 2025 and 2034. The Single Axis Trackers market shows strong growth because the world needs more renewable energy sources especially solar power. The technology serves as a key factor to boost solar panel efficiency through sun position tracking which optimizes energy output. The market grows because of technological progress and government support for sustainable energy solutions. Single Axis Trackers remain crucial for renewable energy applications because they continue to play an essential role in worldwide energy systems.
Single Axis Trackers represent modern technology which adjusts solar panels or modules to face the sun direction. The implementation of trackers leads to increased solar energy collection which enhances the total efficiency of solar power systems. Single Axis Trackers primarily serve utility-scale ground-mounted solar farms and large commercial solar installations. The energy sectors digitalization and automation trend increased the demand for Single Axis Trackers.
Market Key Insights
- The Single-Axis Trackers market is projected to grow from $6.0 billion in 2024 to $14.1 billion in 2034. This represents a CAGR of 8.9%, reflecting rising demand across Solar Power Generation, Agriculture and Commercial Infrastructure.
- NEXTracker, Array Technologies, Soltec are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Single-Axis Trackers market and are expected to observe the growth CAGR of 6.5% to 9.3% between 2024 and 2030.
- Emerging markets including Brazil, South Africa and UAE are expected to observe highest growth with CAGR ranging between 8.5% to 11.1%.
- Transition like Emergence of Smart Technology is expected to add $450 million to the Single Axis Trackers market growth by 2030.
- The Single-Axis Trackers market is set to add $8.1 billion between 2024 and 2034, with manufacturer targeting Commercial Solar Installations & Residential Solar Systems Applications projected to gain a larger market share.
- With Increasing demand for renewable energy, and Technological advancements in single axis trackers, Single-Axis Trackers market to expand 135% between 2024 and 2034.
Opportunities in the Single-Axis Trackers
The Single Axis Trackers industry now benefits from advanced technologies including ML and AI. ML and AI technologies enable Single Axis Trackers to predict solar panel angles that maximize sunlight capture. Single Axis Trackers will also gain improved efficiency and market appeal through the integration of these technologies.
Growth Opportunities in North America and Asia-Pacific
The Single Axis Trackers market in North America experiences rapid expansion because North America has intensified its commitment to renewable energy systems. The United States stands as the leading market for solar power because its government actively supports solar energy development. The market shows strong competition because Nextracker and Array Technologies maintain their position as leading market leaders. The rising demand for energy efficiency drives this market because single axis trackers enhance solar panel performance by maximizing sunlight exposure through optimal positioning.
The Asia-Pacific region offers a profitable market for Single Axis Trackers because emerging economies such as China and India are rapidly industrializing and urbanizing. The two nations are spending large amounts on solar energy development which leads to increased market demand for single axis trackers. The market shows strong competition because both domestic and international businesses fight to gain market share. The Asia-Pacific region experiences its main growth factor from increasing sustainable energy solution awareness which drives the adoption of single axis trackers and other advanced solar tracking technologies.
Market Dynamics and Supply Chain
01
Driver: Increasing Demand for Renewable Energy, and Government Policies and Incentives
The worldwide initiative to adopt renewable energy systems will also drive substantial growth for Single Axis Trackers. The trackers serve as essential components in solar photovoltaic systems to maximize sunlight collection which enhances solar power output efficiency. The worldwide effort to decrease carbon emissions will also drive substantial growth in solar energy adoption which will also boost Single Axis Tracker demand. The Single Axis Trackers market has also received significant support from government policies and incentives that promote renewable energy adoption. The adoption of solar energy also receives support from government incentives which include tax credits and grants that drive up Single Axis Trackers demand. The Single Axis Trackers market will also experience additional growth because governments continue to implement these policies.
The ongoing technological progress has also resulted in the creation of Single Axis Trackers that operate more efficiently and reliably. The trackers now include advanced smart features which combine self-learning algorithms with predictive tracking capabilities to boost their operational efficiency. The application of Single Axis Trackers across residential and commercial and utility-scale solar projects will also expand as technology also advances.
02
Restraint: High Initial Investment
Single Axis Trackers offer many advantages yet their implementation demands a major financial outlay at the beginning. The advanced technology of these systems leads to elevated installation and maintenance expenses which exceed those of conventional solar panel systems. The high initial expenses of Single Axis Trackers act as a barrier to potential buyers especially in developing areas where financial limitations are more common. The market expansion of Single Axis Trackers faces challenges because of this factor.
03
Opportunity: Harnessing Untapped Markets and Strategic Collaborations
The Single Axis Trackers market has a lot of potential for growth in emerging economies where the adoption of renewable energy sources is on the rise. Countries like India, Brazil, and South Africa have a lot of potential because the government is now promoting solar energy and reducing carbon emissions. The demand for Single Axis Trackers in these regions is expected to increase because of the need for efficient solar tracking systems to maximize energy production.
The market shows an increasing pattern of strategic partnerships between Single Axis Trackers manufacturers and solar energy companies. The partnerships work to create modern solar tracking solutions which address changing consumer requirements. The market expansion of Single Axis Trackers depends on the development of advanced tracking systems through these collaborative efforts.
04
Challenge: Technical Challenges
Single Axis Trackers need expert technicians to perform their installation and maintenance because they represent complex systems. The absence of trained professionals in specific areas creates a major obstacle. The trackers experience mechanical breakdowns and weather damage which results in system downtime and extra repair expenses. The technical issues affecting Single Axis Trackers create negative effects on market demand and system dynamics.
Supply Chain Landscape
1
Raw Material Procurement
ArcelorMittalRio Tinto
2
Component Manufacturing
First SolarTrina Solar
3
Assembly & Integration
NEXTrackerArray Technologies
4
Distribution & End-User Industry
Solar Energy AssociationUtility-Scale Solar EnergyCommercial Solar Energy
1
Raw Material Procurement
ArcelorMittalRio Tinto
2
Component Manufacturing
First SolarTrina Solar
3
Assembly & Integration
NEXTrackerArray Technologies
4
Distribution & End-User Industry
Solar Energy AssociationUtility-Scale Solar EnergyCommercial Solar Energy
Use Cases of Single-Axis Trackers in Solar Power Generation & Agriculture
Solar Power Generation : The solar power generation industry employs Single Axis Trackers as a standard tool to boost solar panel efficiency. The trackers track solar movement to position panels for maximum sunlight exposure. NEXTracker and Array Technologies lead the market through their implementation of this technology which optimizes energy production.
Agriculture : The agricultural sector employs Single Axis Trackers to generate power for irrigation systems and greenhouses. The trackers enable the collection of additional solar energy which powers different agricultural operations. Soltec and SunPower have developed this application through their innovative solutions which deliver both reduced energy expenses and enhanced agricultural production.
Commercial Infrastructure : Single Axis Trackers serve commercial infrastructure to generate power for buildings and facilities. The trackers operate from rooftops and open regions to deliver sustainable power at reduced costs. First Solar and Trina Solar lead the market by providing high-quality trackers that boost energy efficiency and support carbon emissions management, minimizing environmental impact in this application.
Recent Developments
The market for Single Axis Trackers has experienced rapid growth because solar energy adoption continues to rise. The photovoltaic technology relies on these trackers to track solar movement across the sky which enhances solar panel efficiency. The Single Axis Trackers market continues to advance through technological developments. The design and functionality advancements in trackers have produced devices that provide enhanced durability and weather resistance capabilities.
December 2024 : SunPower Corporation which produces Single Axis Trackers announced a major expansion of its production capabilities to support growing renewable energy market needs.
October 2024 : NEXTracker established itself as a worldwide leader in Single Axis Trackers by introducing an advanced tracking technology which boosts operational efficiency and decreases expenses.
July 2024 : Array Technologies established a strategic partnership with a major solar power company to increase its worldwide market presence.
Impact of Industry Transitions on the Single-Axis Trackers Market
As a core segment of the Pumps, Motors & Valves industry,
the Single-Axis Trackers market develops in line with broader industry shifts.
Over recent years, transitions such as Emergence of Smart Technology and Shift towards Sustainable Energy have redefined priorities
across the Pumps, Motors & Valves sector,
influencing how the Single-Axis Trackers market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
Emergence of Smart Technology
The Single Axis Trackers industry has been significantly impacted by the emergence of smart technology. This transition has enabled the integration of advanced sensors and intelligent algorithms, enhancing the efficiency of solar energy systems. The smart technology not only improves the tracking accuracy but also reduces the maintenance costs, leading to an increase in the overall return on investment. This development has also influenced associated industries such as renewable energy and solar power generation, where single axis trackers are extensively used.
02
Shift towards Sustainable Energy
The Single Axis Trackers industry faces major changes because of the worldwide emphasis on sustainable energy. The market demand for single axis trackers has increased because these systems optimize solar energy production. The market expansion of renewable energy systems has led to increased adoption of solar power systems. The construction and power generation industries now use single axis trackers in their operations to boost energy efficiency and sustainability.