Global solar tracker installations to reach 752GW between 2024 and 2030

Facebook
Twitter
LinkedIn
Reddit
Email
Nextracker trackers.
Nextracker is the major tracker supplier in the North American and South American markets. Image: Nextracker

North America is expected to be the major global market for solar trackers in the upcoming years, while over 750GW of trackers will be installed globally between 2024 and 2030, according to a recent report published by S&P Global.

In the Solar tracker market report 2024, S&P Global said about 60GW of trackers were installed globally in 2023 and over 80GW are expected in 2024. In 2027, more than 100GW of trackers will be installed worldwide; the majority of them coming from North America and the Europe, Middle East and Africa (EMEA) markets.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Overall, 752GW of trackers will be installed between 2024 and 2030. Of this capacity, 39% will be from North America, followed by EMEA (31%), the Asia-Pacific region (22%) and South America (8%).

The North American market is expected to grow to 50GW annual additions by 2030, with the majority of installations in the US. By 2026, installations in the US are forecast to increase to over 40GW. Although the Mexican utility-scale solar PV market has decreased from its historical highs during 2018-2020, its tracker market is expected to grow and exceed 1GW per year from 2028 onwards.

In the EMEA market, tracker installations in Spain are forecast to fall steadily starting from 2025 due to grid connection policies and oversupply. However, the growth in the Middle East will offset the decline in the Spanish market, as large projects are expected to come online between 2028 and 2030 in the region.

The gradual growth in the rest of the European market through 2030 will be partly driven by a modest increase in the attachment rate as countries become more confident in tracker technology. Specifically, countries like Serbia, Bulgaria and Romania could experience a rise in the adoption of solar trackers.

The APAC market will grow significantly from 2023 to 2030 driven by India and China. Last year, APAC’s tracker installations were only about 10GW, but S&P Global predicts that it will grow to 29GW annual additions by 2030. The Chinese market will increase by about 50%, from 6GW to 10GW throughout the forecast period, while the Indian market is forecast to reach 12GW by 2030, driven by both rising attachment rates and increases in utility-scale installations.

Australia is also another market that will experience significant growth in the upcoming years, especially between 2027 and 2028.

Tracker installations in Uzbekistan are set to increase in 2024 thanks to large utility-scale projects coming online in 2024.

Dominating solar tracker companies worldwide

The global tracker industry became less consolidated in 2023, with the top four companies supplying just 59% of trackers to the market. Nextracker was the major tracker manufacturer last year, having supplied 22% of trackers worldwide, followed by Array Technologies (15%), GameChange Solar (12%) and PV Hardware (10%).

In terms of changes in shipments by tracker supplier between 2022 and 2023, Arctech Solar (about 4,500MW), TrinaTracker and Nextracker (both slightly below 3,500MW) were the top three companies that grew the most.

The North American tracker market saw an increase in shipments from 34GW in 2022 to 37GW in 2023. Nextracker (36%), Array Technologies (29%) and GameChange Solar (24%) accounted for 89% of the total tracker shipments. About 98% of the North American market is made up of shipments to the US.

Over 27GW of solar tracker shipments were delivered to the EMEA region, marking a year-over-year growth of 48%. The EMEA market was less consolidated as the top three suppliers only accounted for 50% of the market share. PV Hardware accounted for 29%, followed by Solar Steel (11%) and Nextracker (10%).

In APAC, Arctech Solar’s shares reached 32%, the biggest share in the market. JSolar and Nextracker, ranked second and third, only accounted for 13% and 12% of market shares respectively. However, 17% of the market shares were from multiple solar tracker companies, meaning the market in APAC consisted of small-scale solar PV tracker suppliers.

11 March 2025
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.
3 June 2025
Messe Stuttgart Stuttgart, Germany
Meet battery manufacturers, suppliers, engineers, thought leaders and decision-makers for a conference and battery tech expo focused on the latest developments in the advanced battery and automotive industries. Stay plugged in for all the latest information on The Battery Show Europe 2024 including: Keynote Speakers & Conference Overview Show Features Floor Plan & Exhibitor News Travel & Transport information
17 June 2025
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 17-18 June 2025, will be our fourth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2026 and beyond.
25 November 2025
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.

Read Next

February 13, 2025
Chinese solar manufacturers LONGi and Jinko Solar, along with Indian PV manufacturer Waaree Energies, have been named in a series of patent disputes filed in China and the US.
February 13, 2025
Huasun has signed a deal to supply more than 3GW of heterojunction technology (HJT) modules to projects owned by the Hongyang Group.
February 13, 2025
Australia’s Clean Energy Council said 2024 was the best year for renewable energy investment since 2018, with AU$9 billion committed.
February 12, 2025
Damaging hailstorms can occur frequently across states like Texas and Illinois which have become major utility-scale solar markets.
February 12, 2025
Trina Solar has filed a lawsuit against Canadian Solar, seeking US$144.7 million for the alleged infringement of two patents.
February 12, 2025
Universal Kraft said it would aid in its Generator Unit Owner Contribution (GUOC) obligations mandated by the state of Alberta.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
February 17, 2025
London, UK
Solar Media Events
February 19, 2025
Tokyo, Japan
Solar Media Events
March 11, 2025
Frankfurt, Germany