Solar Tracker Installation Market Market Size

Solar Tracker Installation Market size is evaluated at USD 8.2 billion in 2024 and is set to cross USD 45.5 billion by the end of 2037, registering more than 14.1% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of solar tracker installation is assessed at USD 9.2 billion.

The solar tracker installation market is expanding due to the increasing environmental concerns regarding greenhouse gas emissions and the need for energy security. According to the Center for Climate and Energy Solutions, energy and heat (31%), agriculture (11%), transportation (15%), forestry (6%), and manufacturing (12%), are the main contributors to greenhouse gas emissions. About 72% of all emissions are related to energy generation. Solar tracker systems are becoming increasingly popular in both residential and commercial solar installations. Additionally, supportive government policies, subsidies, and technological advancements further contribute to the solar tracker installation market expansion.