Solar Tracker Market Size Worth USD 35.64 Billion by 2034 | CAGR: 14.5%
Solar Tracker Market Size, Share, Trends, Industry Analysis Report: By Type, Application (Residential, Commercial, and Utility), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034
• The solar tracker market size was valued at USD 9.27 billion in 2024. The market is projected to grow from USD 10.58 billion in 2025 to USD 35.64 billion by 2034, exhibiting a CAGR of 14.5% during 2025–2034.
Request To Sample : https://www.polarismarketresearch.com/industry-analysis/global-sol ar-tracker-market/request-for-sample
• Key Market Players :
• Abengoa Solar S.A.
• AllEarth Renewables
• Array Technologies Inc.
• DEGERenergie GmbH & Co. KG
• Nclave
• Powerway Renewable Energy Co. Ltd.
• Soltec Tracker
• SunPower Corporation
• Titan Tracker
• Trina Solar Limited
• Based on type, the single axis solar tracker segment accounted for a larger market share in 2024 due to its low operating costs and simple setup.
• The utility segment, by application, is expected to experience significant growth in the solar tracker market due to rising electricity costs and increasing demand for renewable energy sources.
• In 2024, North America held the largest share of the solar tracker market revenue due to the region's increasing emphasis on renewable energy.
• The Asia Pacific market is experiencing significant growth due to the increasing demand for renewable energy and rapid urbanization.
Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defense, among different ventures present globally.
:
Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com