Japan Solar Tracker Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Single-Axis and Dual-Axis), By Technology (Photovoltaic (PV) and Concentrated Solar Power (CSP)), and Japan Solar Tracker Market Insights, Industry Trend, Forecasts to 2035

Japan Solar Tracker Market Insights Forecasts to 2035

• The Japan Solar Tracker Market Size Was Estimated at USD 107.12 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 20.29% from 2025 to 2035
• The Japan Solar Tracker Market Size is Expected to Reach USD 817.14 Million by 2035

According to a Research Report Published by Spherical Insights & Consulting, the Japan Solar Tracker Market Size is Anticipated to Reach USD 817.14 Million by 2035, Growing at a CAGR of 20.29% from 2025 to 2035. The market is primarily driven by Japan’s commitment to renewable energy expansion and its goal of achieving carbon neutrality by 2050.

Market Overview

The Japan solar tracker market refers to the industry segment focused on systems that automatically adjust the orientation of solar panels to follow the sun’s path, thereby maximizing energy capture and improving the efficiency of solar power generation. The declining cost of solar tracker systems and photovoltaic (PV) panels is another important element propelling industry expansion. Due to improvements in manufacturing techniques and economies of scale, the prices of producing and implementing solar technology have drastically decreased over time. In Japan, this cost reduction has played a vital role in accelerating solar adoption across both urban and rural areas. Due to these cost reductions, solar energy is now more accessible and appealing to both the utility and non-utility sectors in Japan. Consequently, solar tracker use has increased dramatically, especially in regions of Japan with strong sun irradiation, which has aided in the growth of the market in Japan.

Report Coverage

This research report categorizes the market for the Japan solar tracker market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan solar tracker market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Japan solar tracker market.

Driving Factors

The growing need for renewable energy is one of the main reasons driving the solar tracker market's evolution. Countries all across the world, including Japan, are investing heavily in solar energy due to worries about climate change and the negative effects of fossil fuels. In order to maximize energy output, solar trackers which improve solar panel efficiency by orienting them toward the sun—are growing in popularity in Japan. The market is also expanding as a result of encouraging government policies, tax breaks, and subsidies that boost the usage of renewable energy in Japan.

Restraining Factors

There are several risks and difficulties facing the solar tracker sector as well. The substantial upfront expenditures of installing solar trackers are one of the main deterrents. Despite recent price reductions, solar trackers are still a substantial investment when compared to fixed-tilt solar systems. Some end users may find the greater capital costs associated with solar tracker systems prohibitive, especially in areas where funding is scarce.

Market Segmentation

The Japan solar tracker market share is classified into product type and technology.

• The single-axis segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The Japan solar tracker market is segmented by product type into single-axis and dual-axis. Among these, the single-axis segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is due to their affordability and ease of use; single-axis solar trackers, which revolve on a single axis to track the sun's path, are frequently utilized.

• The photovoltaic (PV) segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The Japan solar tracker market is segmented by technology into photovoltaic (PV) and concentrated solar power (CSP). Among these, the photovoltaic (PV) segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The most popular technology in the solar tracker industry is photovoltaic (PV) technology, which uses solar panels to directly convert sunlight into power.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan solar tracker market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Nextracker Inc.
• Array Technologies Inc.
• Soltec
• PV Hardware (PVH)
• Gransolar Group
• Mitsubishi Electric Corporation
• First Solar Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at Japan, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Japan Solar Tracker Market based on the following segments:

Japan Solar Tracker Market, By Product Type

• Single-Axis
• Dual-Axis

Japan Solar Tracker Market, By Technology

• Photovoltaic (PV)
• Concentrated Solar Power (CSP)