PV Tracking Bracket Market, Global Outlook and Forecast 2025-2032

MARKET INSIGHTS

Global PV Tracking Bracket market size was valued at USD 39.95 billion in 2024 and is projected to grow from USD 45.12 billion in 2025 to USD 90.93 billion by 2032, exhibiting a CAGR of 12.8% during the forecast period.

PV Tracking Brackets are critical components in solar energy systems that enable photovoltaic panels to follow the sun's trajectory, maximizing energy generation efficiency. These mounting systems come in two primary types - single-axis trackers (dominating 87% market share) and dual-axis trackers - with applications ranging from utility-scale ground power stations to commercial rooftop installations.

The market growth is driven by accelerating global solar capacity additions, government incentives for renewable energy, and increasing focus on energy yield optimization. Europe currently leads consumption with 33% market share, while North America and emerging markets like India show strong growth potential. Key players including Nextracker, Array Technologies, and Soltec are investing in advanced tracking technologies to capitalize on this expansion, with the top four companies collectively holding 54% market share.

MARKET DYNAMICS

MARKET DRIVERS

Global Shift Towards Renewable Energy Accelerating PV Tracking Bracket Adoption

The urgent global transition to renewable energy is creating unprecedented demand for solar power infrastructure, with PV tracking brackets becoming a critical component. Solar energy capacity is projected to grow by over 60% worldwide in the next five years, driven by government commitments to carbon neutrality. Tracking systems can increase energy output by 20-30% compared to fixed installations, making them essential for maximizing ROI in increasingly competitive energy markets. As solar projects scale up, especially in utility-scale installations, the efficiency gains from tracking systems justify their additional cost and complexity.

Technological Advancements Enhancing System Reliability and Efficiency

Continuous improvements in PV tracking bracket technology are removing traditional barriers to adoption. Modern systems now incorporate predictive analytics to optimize sun tracking patterns, advanced materials that reduce structural weight while maintaining durability, and modular designs that simplify installation and maintenance. The latest single-axis trackers achieve 99.5% reliability rates, addressing historical concerns about mechanical failures. These innovations are particularly crucial as solar farms expand into more challenging environments, from desert regions to floating solar installations, where tracking precision and system resilience are paramount.

MARKET RESTRAINTS

High Initial Costs and ROI Uncertainty Dampening Market Growth

While tracking systems offer compelling efficiency benefits, their higher upfront costs remain a significant barrier, particularly in price-sensitive emerging markets. Complete tracking systems can cost 15-25% more than fixed-tilt alternatives, with the brackets themselves representing a substantial portion of this premium. In markets where electricity prices are low or financing options limited, project developers often opt for simpler fixed-tilt solutions to minimize capital expenditure. The situation is compounded by fluctuating steel prices, which account for approximately 40% of tracking bracket manufacturing costs, making long-term project budgeting challenging.

Other Constraints

Land Use Challenges
Tracking systems require more land area per megawatt than fixed installations due to their movement range. In densely populated regions or areas with complex terrain, this spatial requirement can limit deployment options or significantly increase land acquisition costs, eroding the economic benefits of higher efficiency.

Regulatory Uncertainties
Evolving permitting requirements for ground-mounted solar installations continue to create barriers. Some jurisdictions impose restrictions on moving structures or require additional certifications, adding complexity and cost to tracker-based projects.

MARKET CHALLENGES

Supply Chain Vulnerabilities Impacting Manufacturing and Deployment

The PV tracking bracket industry faces mounting pressures from global supply chain disruptions affecting key materials and components. Specialized bearings, motors, and corrosion-resistant steel frequently experience delivery delays of 12-16 weeks, disrupting project timelines. These challenges are exacerbated by the industry's concentrated supplier base, with nearly 60% of critical components sourced from just three global regions. The COVID-19 pandemic exposed these vulnerabilities, leading to project delays and cost overruns that some developers are still recovering from.

MARKET OPPORTUNITIES

Emerging Markets Present Untapped Potential for Tracking System Expansion

Developing nations with growing energy demands represent the next frontier for PV tracking technology. Countries in Southeast Asia, Africa and Latin America are projected to account for 45% of new solar capacity additions by 2030. As these markets mature beyond basic solar deployment, the efficiency benefits of tracking systems become increasingly compelling. Localization strategies by leading manufacturers, including regional production facilities and partnerships with domestic EPC firms, are making tracking solutions more accessible in these high-growth regions.

Agrivoltaics Creating New Application Verticals for Tracking Technology

The rapid expansion of dual-use solar installations combining agriculture with power generation (agrivoltaics) presents innovative opportunities for tracking bracket manufacturers. Advanced tracking systems can optimize both energy production and crop yields by dynamically adjusting panel positions throughout the day. Field tests demonstrate that properly configured tracking arrays can increase agricultural productivity by up to 30% while maintaining 90% of normal energy output. This symbiotic approach is gaining traction in land-constrained regions, with pilot programs now active in over 20 countries worldwide.

Segment Analysis:

By Type

Single Axis PV Tracking Bracket Segment Dominates Due to Cost Efficiency and Higher Adoption in Utility-Scale Projects

The market is segmented based on type into:

• Single Axis PV Tracking Bracket

  • Subtypes: Horizontal single axis, Vertical single axis, and others

• Dual Axis PV Tracking Bracket

By Application

Ground Power Station Segment Leads Owing to Large-Scale Solar Farm Installations Globally

The market is segmented based on application into:

• Ground Power Station

• Industrial and Commercial Roof

• Residential

• Others

By Material

Steel Segment Holds Significant Share Due to Durability and Structural Strength

The market is segmented based on material into:

• Steel

• Aluminum

• Others

By Technology

Active Tracking Systems Gain Traction Through Enhanced Energy Yield Capabilities

The market is segmented based on technology into:

• Active Tracking Systems

• Passive Tracking Systems

COMPETITIVE LANDSCAPE

Key Industry Players

Innovation and Strategic Expansions Drive Market Leadership in PV Tracking Solutions

The global PV tracking bracket market exhibits a moderately consolidated structure, where Nextracker and Array Technologies collectively dominate over 35% of the market share as of 2024. This leadership stems from their patented tracking technologies and extensive deployment in utility-scale solar farms across North America and Europe. Meanwhile, Chinese manufacturers like Arctech Solar and Trina Solar are rapidly gaining traction through competitive pricing and government-backed renewable energy initiatives.

The market sees intense competition in technological differentiation, with single-axis trackers maintaining 87% market preference due to their cost-efficiency in large installations. However, dual-axis systems are witnessing growing adoption in high-irradiation regions, creating opportunities for niche players.

Recent industry shifts include Nextracker’s acquisition of STI Norland’s tracker business, expanding its EMEA footprint, while European leader Soltec launched its 1P single-row tracker - SFOne - featuring an advanced self-powered design. Such innovations are reshaping competitive dynamics as companies balance performance enhancements with LCOE reduction.

Strategic Developments Among Key Competitors

Industry leaders are pursuing distinct growth strategies:

• Nextracker maintains technology leadership through its NX Horizon smart tracking system, which contributed to over 50 GW of global deployments
• Array Technologies focuses on manufacturing scale, opening a 800,000 sq. ft facility in New Mexico to triple production capacity
• Arctech Solar leverages its APAC manufacturing base, supplying 30% of China's tracking systems for desert solar projects

Mid-tier players are carving specialized niches - FTC Solar’s Pioneer tracker targets difficult terrains, while Ideematec’s slew-track technology addresses snow load challenges in northern climates. The market also sees increasing vertical integration, with module manufacturers like Trina Solar offering bundled tracker solutions.

List of Key PV Tracking Bracket Manufacturers

• Nextracker (U.S.) - Market Leader
• Array Technologies (U.S.)
• Arctech Solar (China)
• Soltec (Spain)
• JiangSu Zhenjiang NewEnergy Equipment Co., Ltd. (China)
• Trina Solar (China)
• FTC Solar (U.S.)
• Convert Italia (Italy)
• GameChange Solar (U.S.)
• Gibraltar Industries (U.S.)
• Ideematec (Germany)
• ATEC Energy&Environment Co., LTD. (China)

As the market approaches $90 billion by 2032, competition will intensify around AI-enabled tracking optimization, hybrid mounting solutions, and sustainable manufacturing processes. The current industry consolidation trend suggests potential M&A activity among regional specialists seeking global reach.

PV TRACKING BRACKET MARKET TRENDS

Solar Energy Expansion Driving PV Tracking Bracket Adoption

The global push toward renewable energy is significantly accelerating the demand for photovoltaic (PV) tracking brackets, with the market projected to grow at a 12.8% CAGR from 2024 to 2032. As solar installations surge worldwide, tracking systems that optimize panel alignment with the sun are becoming critical to maximize energy output. Single-axis trackers currently dominate with 87% market share due to their balance of cost and performance, particularly in large-scale ground-mounted installations. Recent technological improvements in tracking algorithms and durable materials are further enhancing system reliability in harsh environments, from desert climates to snow-prone regions.

Other Trends

Market Consolidation and Competitive Landscape

The PV tracking bracket industry is experiencing consolidation, with the top four players—Nextracker, Array Technologies, Arctech Solar, and Soltec—holding 54% of the global market share. This concentration reflects the capital-intensive nature of manufacturing and the importance of established distribution networks. Meanwhile, competition is intensifying as Chinese manufacturers expand globally, putting downward pressure on prices while improving product accessibility. The industry is responding with strategic acquisitions, with at least three major mergers reported in the past two years aimed at expanding geographic reach and technological capabilities.

Regional Growth Patterns and Emerging Markets

Europe remains the largest consumer of PV tracking systems at 33% market share, supported by aggressive renewable energy targets across the EU. However, the Asia-Pacific region is showing the fastest growth, with India's solar capacity expanding by over 15% annually and accounting for significant tracker adoption. North America follows closely, where utility-scale solar projects increasingly favor tracking systems to meet power purchase agreement obligations. Emerging markets in the Middle East and Africa are adopting trackers for large solar parks, though land availability and financing challenges remain growth barriers in some regions.

Regional Analysis: PV Tracking Bracket Market

North America
The North American PV tracking bracket market is experiencing steady growth, driven by supportive government policies and rapid expansion of utility-scale solar projects. The U.S. Inflation Reduction Act (IRA) has accelerated investments in renewable energy infrastructure, with tracking systems gaining prominence due to their energy yield advantages. Single-axis trackers dominate the market (over 90% adoption), favored for their cost-efficiency in large solar farms. However, supply chain disruptions and tariff uncertainties on imported aluminum/steel components occasionally hinder pricing stability. Major players like Nextracker and Array Technologies maintain strong regional footholds through partnerships with EPC contractors.

Europe
Europe remains the largest consumer of PV tracking brackets globally (33% market share), with Spain, Germany, and Italy leading deployment. Stringent EU renewable energy targets and carbon neutrality commitments are pushing developers toward high-efficiency tracking solutions. The market shows increasing preference for dual-axis systems in constrained spaces, though land availability challenges persist in Western Europe. Regulatory frameworks like the REPowerEU plan are expected to drive annual installations beyond 60GW by 2030, creating sustained demand. Local manufacturers benefit from strict compliance with IEC and CE certifications, creating barriers for non-European suppliers.

Asia-Pacific
This region represents the fastest-growing market, with China and India accounting for 48% of global tracker demand. Massive utility-scale projects in China's Gobi Desert and India's renewable energy corridors heavily utilize single-axis tracking systems. Cost sensitivity remains a key factor, with local manufacturers like Arctech Solar gaining share through competitive pricing. While Japan and Australia show higher adoption of advanced tracking technologies, Southeast Asian markets still prefer fixed-tilt systems due to tropical weather conditions. The APAC market faces logistical complexities but benefits from vertically integrated supply chains.

South America
Brazil, Chile, and Colombia are emerging as high-potential markets, leveraging abundant solar resources and improving regulatory frameworks. Project financiers increasingly mandate trackers for >25MW solar plants to maximize ROI. Though import dependency on brackets remains high (over 70%), local assembly initiatives are gaining traction. Economic instability in Argentina and Venezuela continues to deter large-scale investments. The region shows particular interest in hybrid tracking solutions that combine weather resilience with energy optimization algorithms.

Middle East & Africa
The MEA market is transitioning from early-stage adoption to accelerated growth, particularly in GCC countries and South Africa. Mega-projects like Saudi Arabia's 2.6GW Al Shuaibah solar plant utilize tracking systems extensively. Harsh desert conditions drive demand for anti-corrosion designs and sand-resistant mechanisms. While North Africa benefits from proximity to European markets, Sub-Saharan Africa faces infrastructure limitations. The region shows increasing localization trends, with UAE-based manufacturers developing customized solutions for high-temperature operations.

Report Scope

This market research report offers a holistic overview of global and regional markets for the forecast period 2025–2032. It presents accurate and actionable insights based on a blend of primary and secondary research.

Key Coverage Areas:

• ✅ Market Overview

  • Global and regional market size (historical & forecast)

  • Growth trends and value/volume projections

• ✅ Segmentation Analysis

  • By product type or category

  • By application or usage area

  • By end-user industry

  • By distribution channel (if applicable)

• ✅ Regional Insights

  • North America, Europe, Asia-Pacific, Latin America, Middle East & Africa

  • Country-level data for key markets

• ✅ Competitive Landscape

  • Company profiles and market share analysis

  • Key strategies: M&A, partnerships, expansions

  • Product portfolio and pricing strategies

• ✅ Technology & Innovation

  • Emerging technologies and R&D trends

  • Automation, digitalization, sustainability initiatives

  • Impact of AI, IoT, or other disruptors (where applicable)

• ✅ Market Dynamics

  • Key drivers supporting market growth

  • Restraints and potential risk factors

  • Supply chain trends and challenges

• ✅ Opportunities & Recommendations

  • High-growth segments

  • Investment hotspots

  • Strategic suggestions for stakeholders

• ✅ Stakeholder Insights

  • Target audience includes manufacturers, suppliers, distributors, investors, regulators, and policymakers

FREQUENTLY ASKED QUESTIONS:

What is the current market size of Global PV Tracking Bracket Market?

-> The Global PV Tracking Bracket market was valued at USD 39,950 million in 2024 and is projected to reach USD 90,930 million by 2032.

Which key companies operate in Global PV Tracking Bracket Market?

-> Key players include Nextracker, Array Technologies, Arctech Solar, Soltec, Trina Solar, and FTC Solar, among others. The top four players account for approximately 54% of the total market share.

What are the key growth drivers?

-> Key growth drivers include rising solar energy adoption, government incentives for renewable energy, and increasing efficiency demands in utility-scale solar projects.

Which region dominates the market?

-> Europe is the largest consumer market for PV Tracking Brackets, accounting for about 33% of global demand, followed by North America and India.

What are the emerging trends?

-> Emerging trends include smart tracking systems with IoT integration, lightweight aluminum designs, and dual-axis tracking solutions for higher efficiency.