Vietnam Solar Tracker Market Size, Share, Trends and Forecast by Type, Tracking Type, Technology, Application, and Region, 2025-2033

Vietnam Solar Tracker Market Overview:

The Vietnam solar tracker market size reached USD 38.75 Million in 2024. The market is projected to reach USD 177.69 Million by 2033, exhibiting a growth rate (CAGR) of 16.45% during 2025-2033. The market is driven by government policy enhancement through direct power purchase agreements enabling private sector renewable energy development, rapid solar capacity expansion with substantial infrastructure investments, and advanced solar tracking technology integration that optimizes energy generation efficiency. These trends are positioning Vietnam as a leading solar energy market in Southeast Asia while supporting the nation's commitment to achieve net zero emissions by 2050 and significantly expanding the Vietnam solar tracker market share.

Vietnam Solar Tracker Market Trends:

Expansion of Utility-Scale Solar Projects

The increasing number of utility-scale solar projects in Vietnam is becoming a key solar tracker driver. While the government aims for a substantial growth in renewable capacity in its Power Development Plan (PDP8), large-scale solar farms are coming to rely more on tracking systems in order to maximize output and project efficiency. These installations enhance energy production by optimizing panel angles during the day, and they are thus best suited for Vietnam's high solar irradiance zones. A number of new solar farms put on stream in 2024 and 2025 incorporated advanced single-axis and dual-axis trackers to boost capacity utilization and optimize return on investment. Further, partnerships between local developers and foreign tracker makers are enhancing technology access and minimizing deployment costs. This increase in large-scale projects not only raises the overall solar output but also strengthens grid reliability by providing a more stable supply of power. With Vietnam prioritizing industrial and residential demand satisfying renewable energy capacity growth, the use of solar trackers in utility projects is poised to expand at a fast pace. This is in line with the general direction toward more effective and budget-friendly solar infrastructure, setting trackers to become an industry norm in Vietnam's developing solar energy market.

Rising Demand for Efficient Solar Solutions

The increasing shift toward renewable energy generation is significantly driving the Vietnam solar tracker market growth. As the country expands its solar energy capacity to meet rising electricity demand and climate commitments, solar trackers are gaining importance for their ability to maximize energy output by aligning solar panels with the sun’s movement. These systems enhance energy generation efficiency by up to 25–35% compared to fixed-tilt installations, making them a preferred choice for utility-scale projects. Vietnam’s supportive policies, such as feed-in tariffs and incentives for solar investments, are further encouraging developers to adopt advanced tracking technologies. In 2025, several large-scale solar farms integrated single-axis tracking systems to improve power generation and reduce levelized cost of electricity (LCOE). Additionally, the rapid decline in tracker costs and growing investor confidence in renewable infrastructure are boosting market adoption. This increasing preference for efficient, performance-optimized systems positions solar trackers as a crucial component in Vietnam’s renewable energy strategy. As the country continues to expand its solar footprint, the deployment of advanced tracking solutions will play a key role in enhancing project profitability and grid stability, further accelerating market growth in the coming years.

Technological Advancements Driving Performance Efficiency

Technological innovation is playing a critical role in shaping the future of Vietnam’s solar tracker market. Modern tracking systems now feature enhanced automation, weather adaptability, and remote monitoring capabilities, significantly improving operational efficiency and system reliability. Advanced control algorithms and sensors enable real-time adjustments to panel positioning, optimizing energy capture even under variable weather conditions. Moreover, dual-axis trackers, though more complex, are increasingly being adopted in premium projects for their ability to maximize solar gain throughout the year. In 2024, several solar developers in Vietnam began deploying trackers with integrated AI and IoT technologies, which improved performance monitoring and predictive maintenance capabilities. These advancements not only reduce operational costs but also extend the lifespan of solar assets, strengthening the overall economic viability of solar projects. Additionally, the local manufacturing of tracker components is reducing costs and enhancing supply chain resilience, further supporting market growth. As Vietnam accelerates its renewable energy transition, the continuous evolution of solar tracker technology will remain a pivotal factor in improving energy yield, reducing costs, and enabling scalable deployment, thereby strengthening the competitiveness and sustainability of the country’s solar energy sector.

Vietnam Solar Tracker Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on type, tracking type, technology, and application.

Type Insights:

• Active Solar Tracker
• Passive Solar Tracker

The report has provided a detailed breakup and analysis of the market based on type. This includes active solar tracker and passive solar tracker.

Tracking Type Insights:

• 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)

A detailed breakup and analysis of the market based on tracking type have also been provided in the report. This includes single axis tracking (HSAT (horizontal single axis trackers), VSAT (vertical single axis trackers), TSAT (tilted single axis trackers), and PSAT (polar aligned single axis trackers)) and dual axis tracking (TTDAT (tip-tilt dual axis trackers) and AADAT (azimuth-altitude dual axis trackers)).

Technology Insights:

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

The report has provided a detailed breakup and analysis of the market based on technology. This includes solar photovoltaic (PV), concentrated solar power (CSP), and concentrated photovoltaic (CPV).

Application Insights:

• Utility Sector
• Residential Sector
• Commercial Sector

A detailed breakup and analysis of the market based on application have also been provided in the report. This includes utility sector, residential sector, and commercial sector.

Regional Insights:

• Northern Vietnam
• Central Vietnam
• Southern Vietnam

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Vietnam Solar Tracker Market Report Coverage:

Key Questions Answered in This Report:

• How has the Vietnam solar tracker market performed so far and how will it perform in the coming years?
• What is the breakup of the Vietnam solar tracker market on the basis of type?
• What is the breakup of the Vietnam solar tracker market on the basis of tracking type?
• What is the breakup of the Vietnam solar tracker market on the basis of technology?
• What is the breakup of the Vietnam solar tracker market on the basis of application?
• What is the breakup of the Vietnam solar tracker market on the basis of region?
• What are the various stages in the value chain of the Vietnam solar tracker market? 
• What are the key driving factors and challenges in the Vietnam solar tracker market?
• What is the structure of the Vietnam solar tracker market and who are the key players?
• What is the degree of competition in the Vietnam solar tracker market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Vietnam solar tracker market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Vietnam solar tracker market.
• Porter's Five Forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Vietnam solar tracker industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.