Single Axis Solar Tracker Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report Global Single Axis Solar Tracker Companies and the market is segmented by Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Single Axis Solar Tracker Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Single Axis Solar Tracker Market Size

single axis type of solar collectors market size
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 25.00 %
Fastest Growing Market Middle-East and Africa
Largest Market North America

Major Players

single axis type of solar collectors market key players

*Disclaimer: Major Players sorted in no particular order

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Single Axis Solar Tracker Market Analysis

The Single Axis Solar Tracker Market is expected to register a CAGR of 25% during the forecast period.

  • The single-axis solar trackers are being accepted widely in the market globally. Low cost and less complexity in design in comparison to dual-axis trackers are the significant reasons for the growing popularity of single-axis trackers.
  • Energy companies and governments are facing a challenge to increase the power capacity, not only for future projects but also for active projects. With the installation of single-axis solar trackers, a capacity surge of 20%-30% can be achieved. This, in turn, is expected to create a significant amount of opportunities for the companies involved in solar tracking system manufacturing in the upcoming future.
  • North America has dominated the market of solar trackers, where the United States has emerged as a significant customer with solar trackers installed in more than 70% projects by the end of 2018.

Single Axis Solar Tracker Industry Overview

The single-axis solar tracker market is moderately consolidated. Some of the key players in this market include NexTracker Inc, Array Technologies Inc, PV Hardware Solutions S.L.U., Arctech Solar Holding Co. Ltd., Soltec Energias Renovables SL, Nclave Renewable SL, Valmont Industries Inc., and Soluciones Tecnicas Integrales Norland SL.

Single Axis Solar Tracker Market Leaders

  1. NexTracker Inc.

  2. Array Technologies Inc.

  3. PV Hardware Solutions S.L.U.

  4. Soltec Energias Renovables SL.

  5. Arctech Solar Holding Co.

  6. *Disclaimer: Major Players sorted in no particular order
NexTracker Inc. Array Technologies Inc. PV Hardware Solutions S.L.U. Soltec Energias Renovables SL. Arctech Solar Holding Co.
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Single Axis Solar Tracker Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of Study
  • 1.2 Market Definiton
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2025
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. Market Segmentation

  • 5.1 Geography
    • 5.1.1 North America
    • 5.1.2 Europe
    • 5.1.3 Asia-Pacific
    • 5.1.4 South America
    • 5.1.5 Middle-East and Africa

6. Competitive lanscape

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 NexTracker Inc
    • 6.3.2 Array Technologies, Inc
    • 6.3.3 PV Hardware Solutions, S.L.U.
    • 6.3.4 Arctech Solar Holding Co., Ltd
    • 6.3.5 Soltec Energias Renovables SL
    • 6.3.6 Nclave Renewable SL
    • 6.3.7 Valmont Industries, Inc.
    • 6.3.8 Soluciones Tecnicas Integrales Norland SL
  • *List Not Exhaustive

7. Market Opportunities and Future Trends

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Single Axis Solar Tracker Industry Segmentation

The single axis solar tracker market report includes: 

Geography North America
Europe
Asia-Pacific
South America
Middle-East and Africa
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Single Axis Solar Tracker Market Research FAQs

What is the current Single Axis Solar Tracker Market size?

The Single Axis Solar Tracker Market is projected to register a CAGR of 25% during the forecast period (2025-2030)

Who are the key players in Single Axis Solar Tracker Market?

NexTracker Inc., Array Technologies Inc., PV Hardware Solutions S.L.U., Soltec Energias Renovables SL. and Arctech Solar Holding Co. are the major companies operating in the Single Axis Solar Tracker Market.

Which is the fastest growing region in Single Axis Solar Tracker Market?

Middle-East and Africa is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Single Axis Solar Tracker Market?

In 2025, the North America accounts for the largest market share in Single Axis Solar Tracker Market.

What years does this Single Axis Solar Tracker Market cover?

The report covers the Single Axis Solar Tracker Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Single Axis Solar Tracker Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Single Axis Solar Tracker Industry Report

The report on Global Single Axis Solar Tracker Companies and the market is segmented by Geography, covering North America, Europe, Asia-Pacific, South America, and Middle-East and Africa. This industry report offers a comprehensive market analysis, including a detailed market forecast and market overview. The industry analysis provides insights into market growth and market trends, highlighting the industry outlook and market outlook for the future.

The market research covers the market share, market size, and market segmentation, offering a thorough industry overview. With an emphasis on market predictions and market value, the report dives into the industry statistics and market data essential for understanding the market dynamics. The report also includes information on market leaders and their role in shaping the industry trends.

An industry report example and a free report PDF download are available for a detailed understanding of the market. The industry research includes a historical overview and market review, providing a complete picture of the market's past performance and future potential. The report also highlights the growth rate and market growth, essential for assessing the market's trajectory.

Overall, this report is a valuable resource for research companies and industry professionals seeking in-depth industry information and industry reports. The industry sales and industry size are thoroughly examined, offering a clear view of the market's current state and future prospects.