As indicated in the latest market research report published by IMARC Group, titled "India Solar Tracker Market Size, Share, Trends and Forecast by Type, Tracking Type, Technology, Application, 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. the report offers a comprehensive analysis of the industry, including India solar tracker market share, and regional insights.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 of 5.21% during 2025-2033.
Latest Market Trends
India's solar tracker market is experiencing transformative growth driven by multiple converging factors. The country's escalating commitment to renewable energy adoption has positioned solar trackers as critical components in maximizing energy efficiency across installations. With India's solar power generation rising nearly 18% year-over-year to 133.8 billion units in 2024 (compared to 113.4 billion units in 2023), the demand for sophisticated solar energy capture solutions continues to accelerate.
Recent government procurement trends reveal a pronounced shift toward tracker-based projects, with 40-50% of India's annual 20-25 GW utility-scale solar installations now expected to incorporate solar trackers. This translates to approximately 10-15 GW of tracker-based installations annually, fundamentally reshaping market dynamics.
Request Free Sample Report: https://www.imarcgroup.com/india-solar-tracker-market/requestsample
Market Scope and Growth Factors
The market scope is expanding significantly as businesses across all sectors recognize the strategic importance of efficient renewable energy management in maintaining competitive advantage. India's aggressive renewable energy expansion creates unprecedented opportunities for solar tracker adoption. The country has set an ambitious target to achieve 500 GW of non-fossil fuel-based energy capacity by 2030, with solar energy playing a central role in this transition.
Government support mechanisms are creating a highly favorable environment for market expansion. The PM Surya Ghar: Muft Bijli Yojana, launched with a budget outlay of INR 75,021 crore, is accelerating residential solar adoption by providing subsidies of 60% for systems up to 2 kW capacity. This scheme has already facilitated the installation of 700,000 rooftop solar systems, demonstrating strong consumer momentum. The Grid Connected Rooftop Solar Programme targets 40,000 MW of capacity by 2026, supported by Central Financial Assistance covering 40% of costs for systems up to 3 kW.
Ask Analyst for Customization: https://www.imarcgroup.com/request?type=report&id=21631&flag=C