Utility Single Axis Solar Tracker Market Analysis

Utility Single Axis Solar Tracker Market Analysis

To get key market trends

  Download Free Sample

Based on type, horizontal segment is predicted to hit USD 69.5 billion by 2032, shaped by shaped by the growing demand for solar energy, technological advancements, and the increasing focus on optimizing solar power generation. Utility-scale solar farms, especially those exceeding 50 MW in size, are increasingly adopting horizontal solar trackers to maximize power generation efficiency, as they help achieve better land use and higher energy output per installed capacity.
 

Moreover, advances in the design and engineering of horizontal trackers have led to easier installation and reduced maintenance, making them a more attractive option for large-scale developers focused on operational efficiency and cost control. In addition, these trackers are well-suited for flat or gently sloping terrain, making them ideal for utility-scale projects that require efficient use of land and consistent power output.
 

Asia Pacific utility single axis solar tracker market is projected to surpass USD 8.5 billion by 2032, driven by growing demand for renewable energy, supportive government policies, and advancements in solar technologies. Key markets like China, India, Australia, and Southeast Asia, is experiencing a significant increase in utility-scale solar projects, driving the adoption of single-axis solar trackers.
 

Utility scale solar projects in APAC are under pressure to reduce the LCOE to remain competitive with conventional energy sources. They improve the energy yield by 15%–25%, to lower overall project costs while maximizing the output. Increasing use of bifacial solar panels in combination with single-axis trackers along with adoption of next generation solar trackers that use smart technology, such as AI-powered systems that adjust panel angles based on real-time weather and irradiance data will drive the business scenario.
 

In the U.S., global tracker manufacturers, including NEXTracker, Array Technologies, and Soltec, are increasingly investing in the market through partnerships with local solar developers, driving the product demand. Many companies are setting up manufacturing facilities or supply chains thereby helping to reduce costs and making trackers more accessible to the developers. Further, in markets with competitive bidding for solar projects, single-axis trackers provide a means to increase energy production without proportionally increasing costs, thus improving the project feasibility and winning bids.