Single Axis Solar Tracker Market Report 2025 (Global Edition)

Global Single Axis Solar Tracker Market Report 2025 Market Size Split by Type (Horizontal Single Axis Solar Trackers, Vertical Single Axis Solar Trackers), by Technology (Active Solar Trackers, Passiv...

Single Axis Solar Tracker Market Report Description

We have various report editions of Single Axis Solar Tracker Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Single Axis Solar Tracker Market Insights Video

Competitive Landscape of the Single Axis Solar Tracker Market

The competitive landscape of the Single Axis Solar Tracker market features numerous key players, such as NEXTracker, Array Technologies, and First Solar, amongst others. These corporations leverage technological improvements and strategic partnerships to beautify product performance and decrease fees. Market members are increasingly more specialized in increasing their geographic presence and investing in research and improvement to enhance tracker designs. The developing demand for renewable power, in addition, intensifies opposition to this swiftly evolving region.

In February 2023, PVHardware declared that it would construct the biggest solar tracker plant in the world in Spain. The total size of this facility will be 65,000 square meters. The company aims to become the leading manufacturer of solar trackers in the world by increasing its capacity to 25 GW. (Source: https://pvhardware.com/pvh-worlds-largest-solar-tracker-factory/ In February 2023, According to an agreement between Solar Steel and Electrum, Solar Steel will provide its 21MW TracSmarT PLUS solar trackers for the Osów project, reportedly the biggest solar tracking project in Poland. More than 4,200 tons of carbon dioxide (Co2) emissions will be avoided each year thanks to the single-rowed solar trackers, which will supply electricity equal to the use of about 7,000 dwellings. (Source: https://www.gsolarsteel.com/gonvarri-solar-steel-supplies-21-mw-of-trackers-to-electrum-holding-in-poland/ )

Top Companies Market Share in Single Axis Solar Tracker Industry: (In no particular order of Rank)

• NEXTracker (U.S.)
• Array Technologies (U.S.)
• Trina Solar (China)
• SunPower Corporation (U.S.)
• ArcelorMittal Projects (Luxembourg)
• Soltec (Spain)
• Convert Italia (Italy)
• PV Hardware (Spain)
• Arctech Solar (U.S.)
• Solar Steel (Spain)
• Ideematec (Germany)
• SunPower (U.S.)
• Scorpius Trackers (India)
• Sun Action Trackers (U.S.)
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Single Axis Solar Tracker Market

Which Region Dominates the Single Axis Solar Tracker Market in 2024?

According to Cognitive Market Research, North America currently dominates the Single Axis Solar Trackers market, and the region is expected to have significant growth during the projected period. The North American Single Axis Solar Tracker marketplace is experiencing sizeable growth, pushed by growing investments in renewable electricity, supportive government rules, and the growing demand for green solar solutions. Technological advancements and a shift closer to sustainable energy resources similarly contribute to the market's growth in the place. The Asia Pacific Single Axis Solar Tracker market is increasing rapidly because of rising power needs; government projects selling renewable electricity, and reducing fees of solar technology. Countries like China, India, and Japan are main this increase, pushed by using investments in sun infrastructure and a dedication to sustainable electricity answers..

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The increase of food service outlets is driving the market, growing awareness of the negative consequences of plastic packaging, and rising personal disposable income.

The current report Scope analyzes Single Axis Solar Tracker Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Single Axis Solar Tracker

According to Cognitive Market Research, the global Single Axis Solar Tracker market size was estimated at USD 24152.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 9661.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Single Axis Solar Tracker market with a market size of USD 7622.53 million in 2024 and is projected to grow at a CAGR of 9.5% during the forecast period. The U.S. market's renewable energy targets.
• The Canada Single Axis Solar Tracker market had a market share of USD 1159.32 million in 2024 and is projected to grow at a CAGR of 10.5% during the forecast period. Canada’s cost reduction.
• The Mexico Single Axis Solar Tracker market is projected to witness growth at a CAGR of 10.2% during the forecast period, with a market size of USD 879.15 million in 2024.

Europe Single Axis Solar Tracker

According to Cognitive Market Research, the global Single Axis Solar Tracker market size was estimated at USD 24152.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 7245.75 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.

• The United Kingdom Single Axis Solar Tracker market had a market share of USD 1217.29 million in 2024 and is projected to grow at a CAGR of 10.8% during the forecast period. In the UK, Single Axis Solar Tracker sales witness an upswing due to the government incentives
• The France Single Axis Solar Tracker market is projected to witness growth at a CAGR of 9.2% during the forecast period, with a market size of USD 666.61 million in 2024.
• According to Cognitive Market Research, the German Single Axis Solar Tracker market size was valued at USD 1434.66 million in 2024 and is projected to grow at a CAGR of 10.2% during the forecast period. In Germany, Single Axis Solar Tracker surged due to the energy demand.
• The Italy Single Axis Solar Tracker market is projected to witness growth at a CAGR of 9.4% during the forecast period, with a market size of USD 623.13 million in 2024.
• The Russia Single Axis Solar Tracker market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 1123.09 million in 2024.
• The Spain Single Axis Solar Tracker market is projected to witness growth at a CAGR of 9.1% during the forecast period with a market size of USD 594.15 million in 2024
• The Luxembourg Single Axis Solar Tracker market is projected to witness growth at a CAGR of 10.1% during the forecast period, with a market size of USD 224.62 million in 2024.
• The Portugal Single Axis Solar Tracker market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 152.16 million in 2024.
• The Greece Single Axis Solar Tracker market is projected to witness growth at a CAGR of 10.3% during the forecast period, with a market size of USD 86.95 million in 2024.
• The Rest of Europe's Single Axis Solar Tracker market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 1123.09 million in 2024.

Asia Pacific Single Axis Solar Tracker

According to Cognitive Market Research, the global Single Axis Solar Tracker market size was estimated at USD 24152.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 5555.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Single Axis Solar Tracker market size was valued at USD 2499.78 million in 2024 and is projected to grow at a CAGR of 13.0% during the forecast period. Single Axis Solar Tracker surged in China due to efficiency improvements.
• The Japan Single Axis Solar Tracker market is projected to witness growth at a CAGR of 12.0% during the forecast period, with a market size of USD 766.60 million in 2024.
• The India Single Axis Solar Tracker market had a market share of USD 666.61 million in 2024 and is projected to grow at a CAGR of 15.3% during the forecast period. India's rising land optimization.
• The South Korean Single Axis Solar Tracker market is projected to witness growth at a CAGR of 12.6% during the forecast period, with a market size of USD 555.51 million in 2024.
• The Australian Single Axis Solar Tracker market is projected to witness growth at a CAGR of 13.2 % during the forecast period, with a market size of USD 288.86 million in 2024.
• The South East Asia Single Axis Solar Tracker market is projected to witness growth at a CAGR of 14.5% during the forecast period, with a market size of USD 383.30 million in 2024.
• The Rest of Asia Pacific Single Axis Solar Tracker market is projected to witness growth at a CAGR of 13.3% during the forecast period, with a market size of USD 394.41 million in 2024.

South America Single Axis Solar Tracker

According to Cognitive Market Research, the global Single Axis Solar Tracker market size was estimated at USD 24152.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 1207.63 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Single Axis Solar Tracker market size was valued at USD 516.86 million in 2024 and is projected to grow at a CAGR of 11.5% during the forecast period. Single Axis Solar Trackers flourished in Brazil due to grid modernization.
• Argentina's Single Axis Solar Tracker market had a market share of USD 202.88 million in 2024 and is projected to grow at a CAGR of 11.8% during the forecast period. Argentina's climate policies.
• Colombia Single Axis Solar Tracker market is projected to witness growth at a CAGR of 10.7% during the forecast period, with a market size of USD 107.48 million in 2024.
• Peru Single Axis Solar Tracker market is projected to witness growth at a CAGR of 11.1% during the forecast period, with a market size of USD 99.03 million in 2024.
• Chile Single Axis Solar Tracker market is projected to witness growth at a CAGR of 11.2% during the forecast period, with a market size of USD 86.95 million in 2024.
• The Rest of Latin America's Single Axis Solar Tracker market is projected to witness growth at a CAGR of 10.0% during the forecast period, with a market size of USD 194.43 million in 2024.

Middle East and Africa Single Axis Solar Tracker

According to Cognitive Market Research, the global Single Axis Solar Tracker market size was estimated at USD 24152.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD483.05 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.2% from 2024 to 2031..

• The GCC Countries Single Axis Solar Tracker market is projected to witness growth at a CAGR of 12.0% during the forecast period, with a market size of USD 206.75 million in 2024. Single Axis Solar Tracker sales flourish due to the investor interest.
• The Egypt Single Axis Solar Tracker market is projected to witness growth at a CAGR of 11.5% during the forecast period, with a market size of USD 50.72 million in 2024.
• The South Africa Single Axis Solar Tracker market is projected to witness growth at a CAGR of 12.2% during the forecast period, with a market size of USD 76.32 million in 2024. Single Axis Solar Tracker sales flourished in South Africa due to technological advancements.
• The Turkey Single Axis Solar Tracker market is projected to witness growth at a CAGR of 10.7% during the forecast period, with a market size of USD 41.54 million in 2024.
• The Nigeria Single Axis Solar Tracker market is projected to witness growth at a CAGR of 10.3% during the forecast period, with a market size of USD 50.72 million in 2024.
• The Rest of the MEA Single Axis Solar Tracker market is projected to witness growth at a CAGR of 10.2% during the forecast period, with a market size of USD 57.00 million in 2024.

Single Axis Solar Tracker Market Analysis

Single Axis Solar Tracker Market Type Segment Analysis

According to Cognitive Market Research, Horizontal Single Axis Solar Trackers are likely to dominate the Single Axis Solar Tracker Market over the forecast period. Horizontal Single Axis Solar Trackers are riding a boom inside the Single Axis Solar Tracker marketplace, supplying superior efficiency and electricity output through optimizing panel positioning in the day. Their price-effectiveness and suitability for massive sun installations lead them to become more and more famous among builders, contributing to the overall enlargement of the solar industry.

The Vertical Single Axis Solar Trackers is the fastest-growing segment in the Single Axis Solar Tracker Market. Vertical Single Axis Solar Trackers are gaining traction inside the Single Axis Solar Tracker marketplace because of their area-saving design and potential to seize daylight from more than one angle. This innovation is mainly beneficial in city environments and regions with confined land availability, in addition to improving the adoption of solar technology in numerous settings.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Single Axis Solar Tracker Industry. Request a Free Sample PDF!

Single Axis Solar Tracker Market Technology Segment Analysis

According to Cognitive Market Research, the Active Solar Trackers segment holds the largest share of the market. Active sun trackers are propelling a boom within the Single Axis Solar Tracker marketplace by supplying advanced tracking abilities that maximize electricity capture. Their automated structures alter to convert sunlight situations, enhancing efficiency and power output. This era is increasingly desired in massive-scale solar projects, boosting the general call for solar solutions.

In the Single Axis Solar Tracker Market, the Passive Solar Trackers has been expanding at a rapid pace. Passive sun trackers are contributing to the boom of the single-axis solar tracker market with the aid of providing a low-preservation and cost-powerful answer for optimizing sun strength capture. Utilizing herbal factors to modify panel angles, those trackers appeal to finance-conscious tasks, increasing their adoption in both residential and commercial applications.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Single Axis Solar Tracker Application Segment Analysis

Single Axis Solar Tracker Market Application Segment Analysis

According to Cognitive Market Research, Utility-Scale Solar Power Plants segment holds the largest market share. Utility-scale sun energy flora is driving the boom of the single-axis solar tracker market due to their want for high electricity output and efficiency. These big installations benefit substantially from trackers, which beautify sun panel performance, reduce land use, and make contributions to assembly increasing energy demands in sustainable methods.

In the Single Axis Solar Tracker market, the rapidly growing sector is the Commercial Solar Installations. Commercial solar installations are boosting the Single Axis Solar Tracker market as organizations search for efficient methods to lessen electricity prices and decorate sustainability. Trackers enhance electricity manufacturing, making solar investments greater appealing. The growing emphasis on renewable power amongst organizations similarly hastens the adoption of single-axis trackers in commercial projects.

• Utility-Scale Solar Power Plants
• Commercial Solar Installations
• Residential Solar Installations

Single Axis Solar Tracker Distribution Channel Segment Analysis

Single Axis Solar Tracker Market Distribution Channel Segment Analysis

According to Cognitive Market Research, the Direct Sales segment dominates the market. Direct sales are fueling the boom of the single-axis solar tracker market by allowing manufacturers to establish closer relationships with customers and tailor solutions to their precise wishes. This method complements purchaser engagement, streamlines the shopping system, and permits aggressive pricing in the long run, using higher adoption prices in numerous solar projects.

Distributors is projected to be the fastest-growing segment in the Single Axis Solar Tracker market. Distributors are playing a pivotal role in the growth of the Single Axis Solar Tracker market with the aid of increasing marketplace reach and facilitating access to advanced sun technology. They beautify supply chain efficiency and offer localized aid, assisting manufacturers in connecting to installers and cease-customers, thus accelerating the adoption of sun monitoring solutions throughout regions.

• Direct Sales
• Distributors
• Online Sales

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.

Author's Conclusion