The global solar tracker market expanded by 20% in 2024, reaching a record 111GW of shipments, driven by surging deployments in India and Saudi Arabia, according to energy consultancy Wood Mackenzie.
The rise from 92GW in 2023 reflects sustained global demand for utility-scale solar, although tracker deployment still lags behind overall solar photovoltaic (PV) additions, which reached 597GW globally last year, up 33% year-on-year.
U.S.-based Nextracker maintained its position as the leading tracker supplier, accounting for 26% of global shipments, or 28.5GW. The company posted a 39% increase in shipments and a 29.5% rise in revenue in 2024—its highest growth rate since 2019.
“Nextracker expanded its share in each major region,” Wood Mackenzie said in its latest Global Solar PV Tracker Market Share report.
However, Arctech Solar, a Chinese tracker manufacturer, gained ground and surpassed other top U.S. suppliers, including Array Technologies, GameChange Solar, and PV Hardware. Arctech benefited from strong demand in India and Saudi Arabia, where it held a top-two position. The two countries collectively accounted for 28GW of tracker demand—more than the entire European market, the report noted.
India’s tracker market growth followed a surge in national PV installations. JMK Research reported the country added a record 24.5GW of new PV capacity in 2024, driven by favorable policy shifts and relaxed import rules.
Despite the global growth, tracker adoption slowed in China and the United States, two of the largest solar markets. In China, tracker demand declined for the second consecutive year as developers favored fixed-tilt systems for their lower installation costs. China contributed more than half of the world’s new solar capacity in 2024, but its tracker uptake was comparatively subdued.
In the United States, tracker shipments fell 9% to 33GW. Nonetheless, the ratio of tracker use to total PV deployment remained strong, with 50GW of new capacity added in 2024. Domestic suppliers—including Nextracker, GameChange Solar, and Array Technologies—dominated nearly 90% of the U.S. tracker market.
Europe continued to exhibit competitive diversity. More than nine tracker vendors held between 5% and 15% of market share, according to the report, with growth largely concentrated in emerging markets across the continent.
Wood Mackenzie said the gap between total PV and tracker shipments is partly due to the growing share of rooftop and small-scale solar, which typically do not require trackers. The firm expects regional market dynamics and policy environments to play a key role in shaping tracker demand going forward.
