Key Insights

The North America solar tracker market is experiencing robust growth, projected to reach $20.24 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 21.93% from 2025 to 2033. This expansion is driven by several factors. The increasing adoption of solar energy across the region, fueled by government incentives, environmental concerns, and decreasing solar panel costs, is a primary driver. Technological advancements leading to improved tracker efficiency, durability, and reduced installation costs further stimulate market growth. The shift towards larger-scale solar farms, which benefit significantly from tracker technology to maximize energy yield, is another significant contributor. Furthermore, the growing demand for clean energy solutions and the increasing focus on renewable energy targets set by various North American states and provinces are bolstering market expansion. The market is segmented by axis type, with single-axis and dual-axis trackers competing based on cost-effectiveness and energy generation capabilities. Key players like Eppley Laboratory Inc, Alion Energy Inc, and Nextracker Inc are shaping the market landscape through innovation and strategic partnerships. The North American market, particularly the United States, Canada, and Mexico, constitutes a significant portion of the global market due to its established solar energy infrastructure and supportive regulatory environment.

The forecast period from 2025 to 2033 anticipates continued growth driven by increasing demand for renewable energy, government policies favoring solar energy adoption, and ongoing technological improvements in tracker design and efficiency. The prevalence of large-scale solar power plants is expected to continue to drive demand for dual-axis trackers, given their superior energy capture capabilities compared to single-axis systems. However, challenges remain, including the high initial investment costs associated with solar trackers and potential supply chain disruptions affecting component availability. Despite these challenges, the long-term outlook remains positive, indicating sustained growth for the North America solar tracker market throughout the forecast period, with continued expansion across all key segments and regions. The competition among established players and the entry of new companies will likely further fuel innovation and enhance market dynamics.

North America Solar Tracker Market: A Comprehensive Report (2019-2033)

This comprehensive report provides an in-depth analysis of the North America solar tracker market, offering invaluable insights for industry stakeholders, investors, and researchers. Covering the period from 2019 to 2033, with a focus on 2025, this study unveils the market's structure, competitive dynamics, key trends, and future growth potential. The report meticulously examines various segments, including single-axis and dual-axis trackers, and highlights leading players such as Nextracker Inc., PV Hardware Solutions, and Valmont Industries Inc. With detailed market sizing, CAGR projections, and analysis of recent industry developments, this report is an essential resource for navigating the dynamic landscape of the North American solar energy sector.

North America Solar Tracker Market Structure & Competitive Dynamics

The North American solar tracker market exhibits a moderately concentrated structure, with a few major players holding significant market share. The market's competitive landscape is characterized by intense innovation, driven by the need for higher efficiency and cost-effectiveness. Regulatory frameworks, particularly those promoting renewable energy adoption, play a crucial role in shaping market growth. Product substitutes, such as fixed-tilt solar mounting systems, pose a competitive challenge, although trackers generally offer superior energy yield. End-user trends, such as the increasing preference for large-scale utility-scale solar projects, are driving demand for advanced tracker technologies. Mergers and acquisitions (M&A) activity has been notable, with deal values exceeding xx Million in the past five years, leading to consolidation and increased market concentration.

• Market Concentration: The top 5 players account for approximately xx% of the market share in 2025.
• M&A Activity: Significant M&A activity observed in the historical period (2019-2024), with an average deal value of xx Million.
• Innovation Ecosystem: Strong R&D investments by leading players focused on enhancing tracker efficiency, durability, and smart functionalities.
• Regulatory Landscape: Favorable government policies and incentives at both federal and state levels are boosting market growth.

North America Solar Tracker Market Industry Trends & Insights

The North America solar tracker market is experiencing robust growth, fueled by several key factors. The increasing adoption of renewable energy sources, driven by environmental concerns and government policies, is a primary driver. Technological advancements, such as the development of more efficient and cost-effective trackers, are enhancing market appeal. Consumer preferences are shifting towards higher energy yields and lower lifetime costs, further bolstering the demand for solar trackers. The competitive landscape is marked by intense innovation, with companies continuously striving to improve tracker designs and functionalities. The market is projected to witness a CAGR of xx% during the forecast period (2025-2033), with market penetration reaching xx% by 2033.

Dominant Markets & Segments in North America Solar Tracker Market

The Southwestern United States, particularly California and Texas, represents the dominant market for solar trackers in North America. This dominance is driven by favorable solar irradiance levels, extensive land availability, and supportive government policies promoting solar energy development. Within the axis-type segment, dual-axis trackers are experiencing faster growth compared to single-axis trackers, due to their higher energy yield potential, although single-axis trackers still hold a larger market share.

• Key Drivers for Southwestern US Dominance:
  • Abundant solar resources.
  • Extensive land availability for large-scale solar projects.
  • Pro-renewable energy state policies and incentives (e.g., California's RPS targets).
  • Robust grid infrastructure in certain areas.
• Dual-Axis Tracker Growth: Driven by higher energy yield and improved ROI, despite higher initial investment costs. Projected to capture a larger market share by 2033.

North America Solar Tracker Market Product Innovations

Recent innovations in solar trackers focus on enhanced efficiency, durability, and smart functionalities. Advancements include improved algorithms for sun tracking, lightweight designs for reduced installation costs, and integrated sensors for real-time performance monitoring. These innovations cater to the market's demand for higher energy yields, reduced maintenance requirements, and improved overall system reliability. The integration of AI and IoT technologies promises even greater efficiency gains and operational optimization in the future.

Report Segmentation & Scope

This report segments the North American solar tracker market by axis type:

• Single-Axis Trackers: This segment holds a larger market share currently, offering a balance between cost and performance. Growth is projected to be steady during the forecast period, driven by cost competitiveness. The competitive landscape is relatively fragmented.

• Dual-Axis Trackers: This segment exhibits faster growth, driven by higher energy yield potential. However, higher initial investment costs are a factor. The market is characterized by fewer, larger players.

Key Drivers of North America Solar Tracker Market Growth

The growth of the North American solar tracker market is driven by several factors: increasing demand for renewable energy to mitigate climate change, supportive government policies and incentives such as tax credits and renewable portfolio standards (RPS), decreasing costs of solar tracker technology, and advancements in tracker design leading to improved efficiency and reliability. The expansion of large-scale solar power plants further fuels market growth.

Challenges in the North America Solar Tracker Market Sector

Challenges facing the North American solar tracker market include supply chain disruptions affecting the availability of raw materials, potential land use conflicts and permitting delays, and intense competition among manufacturers leading to price pressure. Furthermore, the need for skilled labor for installation and maintenance poses a challenge to market expansion. These factors could potentially slow down market growth if not appropriately addressed.

Leading Players in the North America Solar Tracker Market

• Eppley Laboratory Inc
• Alion Energy Inc
• First Sunergy LLC
• Nexans SA
• Deger Canada Inc
• DH Solar
• PV Hardware Solutions
• Valmont Industries Inc
• Nextracker Inc
• Aiva Technology LLC

Key Developments in North America Solar Tracker Market Sector

• September 2022: PV Hardware announced plans for a new 6GW solar tracker factory in Texas, significantly boosting domestic manufacturing capacity.

• March 2023: Nextracker Inc. secured a multi-year agreement with Strata Clean Energy to supply 810 MW of solar trackers for Texas-based solar power plants. This demonstrates the growing demand for large-scale solar projects and the significant role of solar trackers.

Strategic North America Solar Tracker Market Outlook

The North American solar tracker market is poised for continued strong growth, driven by the increasing global adoption of renewable energy and advancements in technology. Strategic opportunities lie in developing innovative tracker designs, expanding manufacturing capacity to meet rising demand, and focusing on optimizing supply chain efficiency. Companies that can effectively address supply chain challenges, innovate in tracker design, and provide comprehensive solutions will be best positioned to capitalize on future market growth.

North America Solar Tracker Market Segmentation

• 1. Axis-type
  • 1.1. Single-Axis
  • 1.2. Dual Axis
• 2. Geography
  • 2.1. United States
  • 2.2. Canada
  • 2.3. Mexico
  • 2.4. Rest of North America

North America Solar Tracker Market Segmentation By Geography

• 1. United States
• 2. Canada
• 3. Mexico
• 4. Rest of North America