As indicated in the latest market research report published by IMARC Group, titled "India Solar Tracker Market Report by Type (Active Solar Tracker, Passive Solar Tracker), Tracking Type (Single Axis Tracking, Dual Axis Tracking), Technology (Solar Photovoltaic (PV), Concentrated Solar Power (CSP), Concentrated Photovoltaic (CPV)), Application (Utility Sector, Residential Sector, Commercial Sector), and Region 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the market.
Market Size & Future Growth Potential:
The India solar tracker market size reached USD 286.8 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 468.7 Million by 2033, exhibiting a growth rate (CAGR) of 5.21% during 2025-2033.
India Solar Tracker Market Trends:
The India solar tracker market is experiencing significant momentum driven by the country's ambitious renewable energy targets and technological innovation. The market is witnessing a strong shift towards single-axis tracking systems, which dominate due to their cost-effectiveness and simpler installation processes. Advanced tracking technologies are becoming more prevalent, with manufacturers integrating IoT-enabled and AI-powered systems to enhance tracking precision and operational efficiency.
Government initiatives such as the PM Surya Ghar Muft Bijli Yojana and the Production Linked Incentive (PLI) Scheme for High Efficiency Solar PV Modules are creating favorable market conditions. The scheme provides substantial subsidies of up to 60% for residential solar installations up to 2kW capacity, significantly boosting adoption rates. Additionally, India's solar capacity surge from 2.5 GW in 2014 to over 94 GW demonstrates the market's exponential growth trajectory, creating substantial demand for tracking solutions.
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Market Scope and Growth Factors:
The expanding scope of India's solar tracker market is primarily fueled by the country's commitment to achieving 500 GW of renewable energy capacity by 2030. Large-scale utility projects are increasingly adopting tracker systems to maximize energy output and improve return on investment. The declining costs of solar tracking components have made these systems more accessible across commercial and utility sectors, driving widespread adoption.
Key growth catalysts include government policy support through various schemes like the Solar Park Scheme and Grid Connected Solar Rooftop Programme, which are accelerating solar installations nationwide. The integration of sophisticated tracking mechanisms with sensor-based automation is revolutionizing solar farm efficiency, attracting significant investor interest. Furthermore, the growing environmental consciousness and corporate sustainability commitments are pushing businesses to invest in advanced solar tracking solutions to optimize their renewable energy portfolios.
Comprehensive Market Report Highlights & Segmentation Analysis:
Segmentation by Type:
Active Solar Tracker
Passive Solar Tracker
Segmentation by Tracking Type:
Single Axis Tracking
HSAT (Horizontal Single Axis Trackers)
VSAT (Vertical Single Axis Trackers)
TSAT (Tilted Single Axis Trackers)
PSAT (Polar Aligned Single Axis Trackers)
Dual Axis Tracking
TTDAT (Tip-Tilt Dual Axis Trackers)
AADAT (Azimuth-Altitude Dual Axis Trackers)
Segmentation by Technology:
Solar Photovoltaic (PV)
Concentrated Solar Power (CSP)
Concentrated Photovoltaic (CPV)
Segmentation by Application:
Utility Sector
Residential Sector
Commercial Sector
Segmentation by Region:
North India
West and Central India
South India
East and Northeast India
Competitor Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant. Major companies operating in the market include:
Asun Trackers Pvt. Ltd.
Arctech Solar Holding Co. Ltd
PV Hardware Solutions SLU
Tata Power Solar Systems Limited
NexTracker Inc.
Recent News and Developments:
India emerged as one of the key drivers of global solar tracker market growth, contributing significantly to the 20% expansion recorded in 2024, according to Wood Mackenzie research
The Central Electricity Authority (CEA) reported India's cumulative solar installed capacity reached 97.9 GW in 2024, with 24.5 GW newly added, more than doubling compared to 2023
Major solar tracker manufacturers are establishing local manufacturing facilities in Gujarat and other states to capitalize on the growing demand and benefit from government incentives
Advanced dual-axis tracking systems are gaining traction in utility-scale projects, with several gigawatt-scale installations incorporating next-generation tracking technologies
The government launched enhanced Production Linked Incentive (PLI) schemes with Rs 19,500 crore budget allocation under Tranche-II to boost domestic solar manufacturing capabilities
Integration of artificial intelligence and machine learning algorithms in tracking systems is becoming a standard practice among leading solar developers to optimize energy capture and reduce maintenance costs
Key highlights of the Report:
Historical Market Performance
Future Market Projections
Impact of COVID-19 on Market Dynamics
Industry Competitive Analysis (Porter's Five Forces)
Market Dynamics and Growth Drivers
SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats)
Market Ecosystem and Value Creation Framework
Competitive Positioning and Benchmarking Strategies
Major Advantages of the Report:
This report provides market leaders and new entrants with accurate revenue estimates for the overall market and its key subsegments.
Stakeholders can leverage this report to gain a deeper understanding of the competitive landscape, enabling them to strategically position their businesses and develop effective go-to-market strategies.
The report provides stakeholders with valuable insights into the market dynamics, offering a comprehensive analysis of key drivers, restraints, challenges, and opportunities.
Why Choose IMARC Group:
Extensive Industry Expertise
Robust Research Methodology
Insightful Data-Driven Analysis
Precise Forecasting Capabilities
Established Track Record of Success
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Tailored Solutions to Meet Client Needs
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Note: Should you require specific information not included in the current report, we are pleased to offer customization options to meet your needs.
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