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Single Axis Solar PV Tracker Market Size and Forecast, by Type (Horizontal Type, Vertical Type); Technology (Photovoltaic, Concentrated Solar Tracker); Application (Residential, Commercial, Utility) - Growth Trends, Key Players, Regional Analysis 2026-2035

  • Report ID: 5556
  • Published Date: Sep 16, 2025
  • Report Format: PDF, PPT

Single Axis Solar PV Tracker Market Outlook:

Single Axis Solar PV Tracker Market size was valued at USD 7.24 billion in 2025 and is expected to reach USD 27.56 billion by 2035, registering around 14.3% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of single axis solar PV tracker is evaluated at USD 8.17 billion.

Single Axis Solar PV Tracker size
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Rise in the fossil fuel consumption worldwide is asserting the growth of the single axis solar PV tracker market.

The EIA’s forecasts are dependent on an assumption of a major expansion in renewables and electric vehicles by 2030 under recent government policies. Even though international energy demand is set to increase by 7% by 2030 under the Stated Policies Scenario, the requirement will convert towards renewables and nuclear. Oil demand extends in the 2030s but still stays almost 100 million barrels/day through 2050 without major policy conversions. Natural gas requirements will increase by 40% by 2050, while coal utilization will reduce.

Increasing production of solar energy requires the installation of an equivalent number of single-axis solar PV trackers for better efficiency. The production of solar PV accelerated by 26% in 2022, touching almost 1 300 TWh from 270 TWh. It is noted to be one of the biggest absolute production developments of all renewable technologies in 2022, this production expansion rate equals the level planned from 2023 to 2030 in the Net Zero Emissions by 2050 case.

The assessment released in 2023 by the Independent Climate Assume Tank - Ember, that 12% of the global power came from solar and wind in 2022, increased from 10% of international electricity production in 2021. Solar photovoltaic (PV) utilizes electronic devices, also named solar cells, to shift sunlight straight into electricity. It is one of the quickest-expanding renewable energy technologies and is playing a steadily essential role in the international energy transformation. The total installed capability of solar PV touched 710 GW internationally at the end of 2020. About 125 GW of the latest solar PV potential was added in 2020, the biggest potential addition of any renewable energy source.

Key Single Axis Solar PV Tracker Market Insights Summary:

  • Regional Highlights:

    • Europe single axis solar pv tracker market achieves a 43% share by 2035, fueled by massive consumption of solar power in Europe.
    • North America market will hold the second largest share by 2035, driven by favorable government policies promoting solar energy adoption.

  • Segment Insights:

    • The photovoltaic segment in the single axis solar pv tracker market is anticipated to achieve strong growth through 2035, driven by the widespread adoption of photovoltaic technology globally.
    • The utility segment in the single axis solar pv tracker market is projected to hold a 57% share by 2035, driven by falling solar energy costs and growing popularity of utility-scale applications.

  • Key Growth Trends:

    • High efficiency of solar energy
    • Solar energy is comparatively affordable

  • Major Challenges:

    • High maintenance cost
    • Crisis of Skilled Technicians

  • Key Players: All Earth Renewables, Business PlanningMain Product OfferingsFinancial ExecutionMain Performance IndicatorsArcelorMittal SA, Arctech Solar Holding Co Ltd, Array Technologies Inc., First Solar Inc., GameChange Solar, Gensol Engineering Ltd., Grupo Gransolar SL, Hanwha Corp., Haosolar Co. Ltd., Canadian Solar Inc.

Global Single Axis Solar PV Tracker Market Forecast and Regional Outlook:

  • Market Size & Growth Projections:

    • 2025 Market Size: USD 7.24 billion
    • 2026 Market Size: USD 8.17 billion
    • Projected Market Size: USD 27.56 billion by 2035
    • Growth Forecasts: 14.3% CAGR (2026-2035)

  • Key Regional Dynamics:

    • Largest Region: Europe (43% Share by 2035)
    • Fastest Growing Region: Asia Pacific
    • Dominating Countries: China, United States, Germany, Spain, India
    • Emerging Countries: China, India, Japan, South Korea, Australia

    • Last updated on : 16 September, 2025

Growth Drivers

  • The rapid increase in energy consumption in industrialization - Almost a third of the energy used internationally is focused on the industrial sector.  The recent levels of concern and ecological requirements give a massive opportunity for modification in terms of energy proficiency - encouraging a drastic change, the domination of a more renewable world that regards the environment.

    Industrial energy utilization is generally utilized for production, together with for lighting and other business implements in the manufacturing industries. Industrial generation makes up just over half of all international energy utilization and is projected to increase by an equivalent of 1.5% internationally each year through 2035.

    In multiple industry sectors like food, wine and beverages, textiles, transport tools, machinery, or pulp and paper, the share of heat requirement below 250 °C is almost 60% (Likelihood of Solar Heat for Industrial Processes). Solar heat can also be unified straight into industrial heat supply networks, either by heating air-tight water or by solar steam production. Moreover, solar air collectors can be utilized to preheat air for drying or burning, together with heat generation halls.
     
  • High efficiency of solar energy - Solar panels are an outstanding way to generate free electricity. Thin film solar panels are made by encircling a substrate of glass, plastic, or metal with one or more thin layers of photovoltaic components. Thin film solar panels are generally pliable and low in weight. Moreover, there has been a rising awareness related to solar panel recycling across the globe.

    It is acknowledged that thin-film solar panels lower moderately quicker than mono and polycrystalline solar panels. Generation of these types of panels is less intricate, therefore their output is 5% less than monocrystalline solar panel effectiveness. Usually, thin film cells provide between 15-22% solar panel effectiveness.
     
  • Solar energy is comparatively affordable - Energy costs can account for a substantial part of a manufacturer's functioning expenditures. By modifying energy effectiveness, manufacturers can limit energy consumption, lower energy costs, and modify their bottom line. In line with a report, the cost of solar energy will go on to fall and the single axis solar PV tracker market will grow even without government allowances and ecological initiatives. Solar energy production is now becoming economically practicable day by day. Solar costs have reduced by 90% in the last 20 years and are projected to fall by another 15% to 25% by 2030.

Challenges

  • High maintenance cost - The yearly maintenance and recurring costs are almost trifling since there are no moving parts and the input fuel (sunlight) is costless. For optimal execution, the system only needs the cleaning of modules and primary hindrances and remedial management. However, for off-grid systems where batteries are utilized, the management costs are higher on account of battery substitution every 3-5 years. To confirm high production and low maintenance costs, daily supervision through data loggers is highly suggested. The management costs for smaller Solar PV systems are about 2% of the bigger system cost, and for bigger systems is about 1% of the beginning cost.
  • Crisis of Skilled Technicians
  • Limitation in Learning the System

Single Axis Solar PV Tracker Market Size and Forecast:

Report Attribute Details

Base Year

2025

Forecast Period

2026-2035

CAGR

14.3%

Base Year Market Size (2025)

USD 7.24 billion

Forecast Year Market Size (2035)

USD 27.56 billion

Regional Scope

  • North America (U.S. and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Single Axis Solar PV Tracker Market Segmentation:

Application Segment Analysis

By the end of 2035, utility segment in single axis solar PV tracker market is anticipated to dominate around 57% revenue share. Cost of the solar energy reduced 90% over the earlier 20 years and is anticipated to decline additionally by 15-25% by 20230, making utility-scale solar applications more popular. As per our research solar panels have a life span of more than 25 to 30 years, additionally benefiting in cutting the electricity cost for the homeowners from $15000 to $70000 over the next 25 years.

Solar is being considered as the new type of electricity production in 16 US states, including Spain, Italy, and India. Even with the COVID-19 epidemic frenzied, the international installations surpassed 115GW in 2020, related to 1.5GW in 2006.

The functioning costs of solar energy projects are anticipated to decline over the next decade.  Technologies that are already extensively implemented by the wind power industry, like utilizing drones and thermal imaging for reviews, will make the operations of solar projects more effective, as will creating technologies like artificial intelligence.

Technology Segment Analysis

By the end of 2035, ABC segment is expected to account for more than XX% XYZ market share.

By the end of 2035, photovoltaic segment is expected to account for more than 60% single axis solar PV tracker market share. And this growth can be witnessed due to the increased use of photovoltaic technology across the world. Photovoltaics (PVs) are semiconductors that produce electricity straight from sunlight. Solar technologies produced 3.4% of the U.S. A sustainable energy supply is needed across the world to match the rising electricity demand with a quick rise in population and economy. Solar energy is the most prospective renewable energy worldwide, whereby most of its place gets abundant solar radiation annually.

Our in-depth analysis of the global single axis solar PV tracker market includes the following segments:

 

     Types
  • Horizontal Type
  • Vertical Type

 

     Technology
  • Photovoltaic
  • Concentrated Solar Tracker

 

     Application
  • Residential
  • Commercial
  • Utility
Vishnu Nair
Vishnu Nair
Head - Global Business Development

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Single Axis Solar PV Tracker Market Regional Analysis:

European Market Insights

In single axis solar PV tracker market, European region is poised to dominate around 43% share by the end of 2035 owing to the massive consumption of solar power in this region. In line with the European Environment Agency's (EEA) early calculations, 22.5% of energy used in the EU in 2022 was produced from renewable sources. This little rise related to 2021, was massively pushed by power expansion in solar power. Over the long haul, Sweden, Denmark, and Estonia have noticed the biggest expansion in RES shares, with more than 20 percentage points rise since 2005. Romania and Slovenia, on the other hand, have noticed a rise of less than six percentage points between 2005 and 2022.

North Market Insights

The North American market will also increase during 2024-2035 and will hold the second-largest position in the single axis solar PV tracker market owing to the favorable government policies to adopt solar energy. As the solar photovoltaic (PV) market expands, so will the number of end-of-life panels.

In general, 3.3 percent of electricity in the United States was generated by implementing solar technologies in 2020. By 2030, the United States is projected to have as much as one million complete tons of solar panel trash. As a comparison, the entire production of U.S. municipal solid waste (MSW) in 2018 was 292.4 million tons. By 2050, the U.S. is projected to have the second-largest number of end-of-life panels in the globe, with up to a calculated 10 million total tons of panels.

Single Axis Solar PV Tracker share
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Single Axis Solar PV Tracker Market Players:

    • All Earth Renewables
      • Company Overview
      • Business Planning
      • Main Product Offerings
      • Financial Execution
      • Main Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • ArcelorMittal SA
    • Arctech Solar Holding Co Ltd
    • Array Technologies Inc.
    • First Solar Inc.
    • GameChange Solar
    • Gensol Engineering Ltd.
    • Grupo Gransolar SL
    • Hanwha Corp.
    • Haosolar Co. Ltd.
    • Canadian Solar Inc.

Recent Developments

ArcelorMittal SA declared that CHAR Technologies has been chosen as the winner of its inaugural XCarb Accelerator Programme, gaining a USD 5 million investment through ArcelorMittal’s XCarb. Innovation Fund. ArcelorMittal initiated the XCarb Accelerator Programme in mid-2022. The program – a search for the best organizations and brightest innovative technologies that hold the possibility to increase the decarbonization of the steel industry – accomplished an extremely positive reaction, with over 90 start-ups from five varied continents delivering applications across seven specific technology domains.

Arctech Solar Holding Co Ltd, the world's foremost solar tracking, racking, and BIPV solutions provider, came into a strategic cooperation deal with Alpon Energy in Istanbul, Turkey. This prosperous deal marks the growth of Arctech’s impression in Turkey.

  • Report ID: 5556
  • Published Date: Sep 16, 2025
  • Report Format: PDF, PPT
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Frequently Asked Questions (FAQ)

In the year 2026, the industry size of single axis solar PV tracker is evaluated at USD 8.17 billion.

The global single axis solar PV tracker market size exceeded USD 7.24 billion in 2025 and is set to register a CAGR of more than 14.3%, exceeding USD 27.56 billion revenue by 2035.

Europe single axis solar pv tracker market achieves a 43% share by 2035, fueled by massive consumption of solar power in Europe.

Key players in the market include All Earth Renewables, Business PlanningMain Product OfferingsFinancial ExecutionMain Performance IndicatorsArcelorMittal SA, Arctech Solar Holding Co Ltd, Array Technologies Inc., First Solar Inc., GameChange Solar, Gensol Engineering Ltd., Grupo Gransolar SL, Hanwha Corp., Haosolar Co. Ltd., Canadian Solar Inc.

Single Axis Solar PV Tracker Market Report Scope

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