How Has the Solar PV Mounting Systems Market Size Evolved in Recent Years?
The solar pv mounting systems market has seen considerable growth due to a variety of factors.
• In recent times, the solar PV mounting systems market has seen substantial expansion. This market, which stood at $26.92 billion in 2024, is projected to rise to $29.16 billion in 2025, depicting a compound annual growth rate (CAGR) of 8.3%.
This growth in the historic period can be a result of several factors, including increased solar PV installations, grid integration and energy storage, growing environmental consciousness, increased utility-scale investments, and tight targets for solar PV system installation.
What Are The Predictions for The Solar PV Mounting Systems Market in the Coming Years?
The solar pv mounting systems market is expected to maintain its strong growth trajectory in upcoming years.
• The market for solar PV mounting systems is anticipated to experience robust growth in the upcoming years. The market is forecasted to reach $37.89 billion in 2029, experiencing a compound annual growth rate (CAGR) of 6.8%.
The significant increase during the forecast period can be linked to smart and integrated solutions, urbanization and land constraints, government policies and incentives, decentralized power generation, and efforts to mitigate climate change. Key trends forecasted for this period include artificial intelligence and automation, digital twin technology, scalable and modular designs, lightweight and adaptable mounting solutions, and advanced tracking systems.
Which Drivers Are Accelerating Growth In The Solar PV Mounting Systems Market?
The rising need for renewable energy is predicted to drive the expansion of the solar PV mounting systems market. This energy type comes from resources that are naturally replenishable on a human timescale and are deemed eco-friendly. Mounting systems are a critical part of solar installations, whether at utility or dispersed levels. They allow for safe placement of solar panels on rooftops, the ground, or other structures. Used in the process of renewable energy production, these systems offer a dependable and firm base for solar panels. This helps in capturing sunlight and turning it into electricity, thus enhancing efficiency, durability, lifespan, and space utilisation. For instance, Department for Energy Security and Net Zero, a UK governmental division, released data in September 2024 showing that renewable energy made up 51.6% of total energy production in the UK in Q2 2024, an increase of 9.9 percentage points compared to the same timeframe in 2023. Thus, this rising demand for renewable energy is anticipated to stimulate the growth of the solar PV mounting systems market.
What Are The Core Segments Of The Global 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
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Which Emerging Market Trends Are Altering The Solar PV Mounting Systems Industry?
Top-tier corporations in the solar PV mounting systems market are concentrating on technologically superior products like fixed-tilt racking systems to enhance the functionality and efficacy of solar power setups. Fixed-tilt racking systems are specialized constructions utilized to mount solar panels at a set orientation and a predetermined tilt angle. For instance, GameChange Solar, a US-based firm specializing in solar energy equipment, launched the MaxDensity in November 2022. This is a unique fixed-tilt racking system designed to amplify module density with a high ground coverage ratio, reaching up to 98%. It is compatible with all types of commercially available framed modules and can be established in blocks of as much as 7 MW. Furthermore, it encompasses numerous innovative qualities, including a high ground coverage ratio, module support and organization, cost-efficient installation, as well as handling wind and snow loads, and it is scalable.
Who Are the Key Players In The Solar PV Mounting Systems Market?
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.
What Are The Regional Insights Into The Solar PV Mounting Systems 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.
