Use Code ONLINE20 to Save 20% On Global Market Reports – Gain Access to Trusted Market Data, Growth Indicators, and Industry Analytics
The solar pv mounting systems market size has grown strongly in recent years. It will grow from $26.92 billion in 2024 to $28.7 billion in 2025 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to increasing solar PV installations, grid integration and energy storage, environmental awareness, increasing utility-scale investments, stringent targets for solar PV system installation.
The solar pv mounting systems market size is expected to see strong growth in the next few years. It will grow to $36.61 billion in 2029 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to smart and integrated solutions, urbanization and land constraints, government policies and incentives, decentralized power generation, climate change mitigation efforts. Major trends in the forecast period include artificial intelligence and automation, digital twin technology, modular and scalable designs, lightweight and flexible mounting solutions, advanced tracking systems.
Get your free report sample today:
What Are the Leading Drivers Behind the Growth of the Solar PV Mounting Systems Market?
The increasing demand for renewable energy is expected to propel the growth of the solar PV mounting systems market going forward. Renewable energy refers to energy derived from resources that are naturally available on a human timescale and are considered environmentally friendly. The number of solar installations, both at the utility and dispersed levels, requires safely putting solar panels on rooftops, ground-mounted arrays, or other structures with the help of a mounting system. It is used in renewable energy production process to provide a stable and secure base for solar panels, allowing them to capture sunlight and convert it into electricity, resulting in increased efficiency, durability, longevity, and space utilization. For instance, in September 2024, according to data published by the Department for Energy Security and Net Zero, a UK-based governmental department, In Q2 2024, renewable energy accounted for 51.6% of total energy generation in the UK saw an increase of 9.9% points (PP) in Q2 2024 compared to the same period in 2023. Therefore, the increasing demand for renewable energy is boost solar PV mounting systems market.
Which Market Segment Offers the Most Significant Growth Opportunities in the Solar PV Mounting Systems Market?
The solar pv mounting systems market covered in this report is segmented –
1) By Product: Rooftop Mounted, Ground Mounted
2) By Component: PV Modules, Inverters, Racking, Battery, Other Components
3) By Technology: Fixed, Tracking
4) By Application: Residential, Commercial, Industrial, Utility
Subsegments:
1) By Rooftop Mounted: Fixed Rooftop Mounting Systems, Adjustable Rooftop Mounting Systems, Ballasted Rooftop Mounting Systems
2) By Ground Mounted: Fixed Tilt Ground Mounting Systems, Single Axis Tracking Ground Mounting Systems, Dual Axis Tracking Ground Mounting Systems
What Are the Most Prominent Trends Impacting the Solar PV Mounting Systems Market?
Major companies operating in solar PV mounting systems are focusing on technologically advanced products, such as fixed-tilt racking systems, to improve the efficiency and performance of solar power systems. A fixed-tilt racking system is an innovative and specialized framework for mounting solar panels in a fixed position with a predetermined tilt angle. For instance, in November 2022, GameChange Solar, a US-based solar energy equipment manufacturer, introduced the MaxDensity, a fixed-tilt racking system. This system is designed to maximize module density and has a high ground coverage ratio of up to 98%. It can support all commercially available framed modules and can be installed in blocks of up to 7 MW. Additionally, it offers several innovative features, such as a high ground coverage ratio, module support and configuration, installation and cost-effectiveness, wind and snow load handling, and scalability.
Who Are the Top Industry Players Driving the Solar PV Mounting Systems Market Growth?
Major companies operating in the solar PV mounting systems market are Jinko Solar Solutions Pvt. Ltd., Tata Solar International Ltd., Gonvarri Solar Industries, First Solar Energy Inc., SunPower Solar Corporation, Array Technologies Solutions Inc., NextGen Tracker Inc., Valmont Solar Industries Inc., Schletter Solar Solutions Group, Unirac Solar Mounting Inc., Clenergy Technology Co.Ltd., PV Hardware Solutions SLU, GameChange Solar Services India Pvt. Ltd., Mounting Solutions GmbH, AeroCompact Solar GmbH, RBI Solar Solutions Inc., K2 Solar Systems GmbH, Ideematec Solar AG, Soltec Power Holdings SA, Esdec Solar Technologies BV, Arctech Solar Solutions Pvt. Ltd., SolarWorld Mounting AG, Landpower Solar Technology Co.Ltd., Xiamen Grace Solar Technology Co. Ltd., Versolsar Solar Hangzhou Ltd.
Get the detailed solar pv mounting systems market report today
What Are the Fastest-Growing Regions in the Solar PV Inverter Market?
Asia-Pacific was the largest region in the solar PV mounting systems market in 2024. The regions covered in the solar pv mounting systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Contact Us:
The Business Research Company
Americas +1 310-496-7795
Asia +44 7882 955267 & +91 8897263534
Europe +44 7882 955267
Email: info@tbrc.info
Follow Us On:
LinkedIn: The Business Research Company | LinkedIn
Comments
Post a Comment