Utility Solar Tracker Market Size & Share 2026-2035

Utility Solar Tracker Market Size

The global utility solar tracker market size was valued USD 47.9 billion in 2025. The market is set to grow from USD 51.4 billion in 2026 to USD 98 billion in 2035, at a CAGR of 7.4%, according to latest report published by Global Market Insights Inc.

• Transition towards sustainable energy sources along with significant number of policies, regulatory and market related initiatives further provide the necessary framework for the solar deployment. Shifting focus of a variety of stakeholders in decentralized distributed solar models including utilities owing to the declining cost of solar and simultaneous increases in the costs of conventional power will stimulate the business landscape. Moreover, introduction of advanced tracking systems equipped with improved accuracy and reliability will further augment the product penetration.
• Growing emphasis on large-scale solar installations along with reducing costs of solar panels and trackers due to technological advancements, economies of scale, and increased competition will drive the business scenario. Furthermore, developing utility scale solar projects is a strategic move in many developing economies to achieve energy security and independence.
• For citation, in October 2023, Nextracker, secured contracts for a 10 GW annual manufacturing capacity in India through partnerships with local firms.
• The decrease in LCOE in this renewable energy has made it more competitive in relation to conventional fossil fuels and hence draws increased investments in utility scale solar projects. As utility scale projects continue to rise, stakeholders have sought to increase their presence to achieve this energy demand in a sustainable way. For instance in June 2024, Nextracker, a provider of smart solar tracker solutions, has completed its all-cash acquisition of Ojjo for nearly USD 119 million to help boost its utility-scale solar tracker foundation business.
• Falling solar PV prices, new financing options, along with programs focused on low and moderate income households will augment the industry landscape. BrightSource Energy stated in July 2022 that it had formed a partnership with the Timken Company. The Timken Company is a manufacturer of power transmission and bearing solutions and will supply their cutting-edge precision drives for solar tracking in the Redstone CSP project in South Africa.

Utility Solar Tracker Market Trends

• Favorable regulatory environment, introduction of feed in tariff in line with continuous efforts of major players to develop and invest in utility scale projects across the globe will drive the business scenario. For citation, in 2023, Ideematec collaborated with AMDA Energies on a pioneering agrivoltaic project in France, leveraging advanced solar tracking technology, including 2P trackers mounted 3.5 meters above the ground.
• Schemes such as International Solar Alliance(ISA) encourage adoption of solar in member countries by offering financial and technical help, especially focusing on sophisticated technologies such as solar trackers for maximizing performance & efficiency of solar power projects. In June 2023, Ideematec, along with Parliament Solar, LLC supplied 640 MW of Horizon 1P solar tracking system for the biggest solar project in Texas.
• Continuous research activities on developing advanced solar trackers targeting specifically remote locations will positively impact the business statistics. For example, In May 2023, researchers from the University of Mauritius have developed a tracking system for the mobile, light PV systems applicable for remote areas in the tropical region.
• Moreover, recent advancements in PV technology including bifacial modules, high-efficiency cells, novel materials such as perovskite and hence increasing energy conversion rate and module lifetime have occurred. For an example, Solar Steel signed an agreement with Naturgy for more than 1.1 GW of solar infrastructure in various Spanish provinces in December 2023. An agreement that will incorporate 760 MW of TracSmarT+ 1V solar trackers and 358 MW of RackSmarT fixed structures.

Utility Solar Tracker Market Analysis

Based on product, the utility solar tracker market is segmented into single axis and dual axis.

• Single axis is anticipated to grow by more than USD 50 billion by 2035. Innovations comprising of improved control algorithms and sensor technologies along with integration of smart technologies and control systems in solar trackers will proliferate the product penetration. Moreover, gradual shift toward decentralized energy generation along with capabilities including increased efficiency and higher energy output will strengthen the industry landscape.

• Dual axis trackers market will grow more than 9% CAGR by 2035 owing to rising demand for products offering superior energy capture by continuously adjusting both the azimuth and elevation angles of the panels. Also, the greater efficiency and greater energy output of dual axis trackers is also applicable for higher investment projects where production needs to be maximized such as where there is a limited site area available and a large demand for energy (such as a city environment or an industrial plant). For example in March 2024, NEXTracker was chosen by L&T and Acwa Power for a 1.17 GW installation in Saudi Arabia at the Al Kahfah Solar Power Plant.

The U.S. utility solar tracker market accounted for USD 5.5 billion in 2035 boosted by positive policies, high solar resource availability, and large utility-scale projects being developed across the country.

• Europe utility solar tracker industry is set to grow more than USD 11 billion by 2035 driven by growing demand for solar heating systems coupled along with growing customer preference for energy efficient systems. The presence of wide manufacturing base and their increasing investments in developing advanced technology in countries including Spain, UK, France, and Germany is contributing to the European solar tracking industry. For instance, in April 2024, Spain based company, Soltec introduced new solar tracker SFOneX. The system stands as the longest in Soltec's lineup at 125 meters long.
• Asia Pacific utility solar tracker market will grow at a CAGR of more than 8% through 2035. Shifting focus on reducing the LCOE (Levelized Cost of Energy) in conjunction with supportive government incentives and policies for the development of solar projects will sway the business trends. For instance, in September 2023, Asian Development Bank (ADB) approved funding of USD 50.5 million for the expansion of renewable energy development in Maldives. Additionally, corporate and public sector commitments for environmental sustainability along with rising demand for efficient tracking systems will foster the industry landscape.
• Rising regulatory efforts to utilize existing resources to meet energy consumption effectively is fueling the Africa market share. Increasing eminent players interest in boosting the tracker adoption in the region will complement the industry growth. For instance, in April 2024, GameChange Solar has announced a major deal to supply its Genius Tracker for a combined capacity exceeding 500 megawatts (MW) across four new solar projects in South Africa.

Utility Solar Tracker Market Share

• Mergers & acquisitions with an aim to diversify technological portfolios along with the presence of a large number of contracts to deploy products across various projects have been the primary parameters across the industry landscape. Partnerships will enable the adoption of cutting-edge tracking technologies which will help companies customize their products and increase efficiency and performance. In addition, the improvement of the R and D facilities together with the application of sophisticated control units further affects the differentiation of products. These initiatives are helpful in improving technology, expanding markets, and increasing competitiveness.

Utility Solar Tracker Market Companies

Eminent players operating in the Utility Solar Tracker industry are:

• Abengoa
• Antai Technologies
• ArcelorMittal
• Arctech Solar
• Array Technologies
• DEGERENERGIE
• FTC Solar
• GameChange Solar
• Gonvarri Solar Steel
• Hao Solar
• Ideematec
• Mecasolar
• Nclave
• Nextracker
• Powerway Renewable Energy
• PVHardware
• Scorpius Trackers
• SOLTEC
• STI Norland
• Trina Solar

Utility Solar Tracker Industry News

• In February 2026, FTC Solar signed a three-year supply agreement with Lubanzi Inala, to provide solar tracker systems for multiple utility-scale projects across South Africa. It will further deliver a mix of its 1P and 2P tracker technologies for a portfolio totaling approximately 840 MW. The first projects under this agreement are expected to begin construction in mid-2026, highlighting strong pipeline visibility in emerging markets.
• In February 2024, Gonvarri Solar Steel entered into a supply agreement with Repsol to deliver 220 MW of TracSmarT+ 1V solar trackers. This contract included 120 MW, 50 MW, and 50 MW capacities from three Repsol solar plants located in Spain, which amounts to 4,278 trackers. The plants will provide renewable energy for approximately 127,000 homes each year, reducing CO2 emissions by over 90,000 tons annually.
• In April 2024, GameChange Solar partnered with JZNEE to increase the in-country solar tracker component production in the Middle East. JZNEE has set up a state of the art plant in Dammam, KSA which is designed to manufacture 3GW and, with future expansion plans, up to 5 GW of GCS’s Genius Tracker components.
• In November 2023, Array Technologies Inc. a solar tracker supplier revealed its intentions to establish a plant for manufacturing utility scale solar trackers in Albuquerque, New Mexico. The government will provide USD 2.5 million of job creation fund from the Local Economic Development Act (LEDA) along with USD 250 thousand of additional LEDA fund from two cities. Hence, this notable enhancement will aid the firm in fortifying their market position and boosting their clientele.
• In November 2023, Larsen & Toubro Limited (L&T) has an agreement with Antaisolar for the delivery of solar tracking system in India. The company will deliver TAI-Simple (S2), a single axis solar tracking system which features cost-efficiency, stability and support in reducing the Levelized Cost of Energy (LCOE). Henceforth, the company will be contributing in the development of utility-scale solar power projects across the country and enhancing its position in the industry.

Utility solar tracker market research report includes an in-depth coverage of the industry with estimates & forecast in terms of volume and revenue in “USD Billion & MW” from 2022 to 2035, for the following segments:

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Utility Solar Tracker Market, By Product, 2022 – 2035 (USD Billion & MW)

• Single axis
• Dual axis

The above information has been provided for the following countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Netherlands
  • Germany
  • Sweden
  • Spain
  • Austria
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Middle East
  • Saudi Arabia
  • UAE
  • Jordan
  • Israel
• Africa
  • South Africa
  • Egypt
  • Nigeria
  • Algeria
  • Morocco
• Latin America
  • Brazil
  • Chile