Global Solar PV Mounting Systems Market Analysis 2024 - Growing Popularity and Emerging Trends in the Industry
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Leading the way to adoption of sustainable energy sources, solar PV mounting systems market is witnessing a noticeable popularity worldwide. Over the years, photovoltaic systems have evolved from small scale applications to one of the most significant mainstream electricity sources, which in a way is raising the market demand. Regulatory compliances along with several progressive initiations by the governments of developing nations have stimulated the business landscape remarkably. For instance, the European Union has set a target to address 20% of the continent’s energy demand from unconventional energy sources by 2020.
Pertaining to the growth of commercial constructions, solar PV mounting systems industry from the commercial sector will collect significant revenue over the years ahead. The installation of PV systems across the industrial and commercial sector is slated to cross 20.2 GW by 2023, in terms of volume.
To reduce the dependency on non-renewable energy sources such as fossil fuels and to control emissions up to 80%, many countries across Europe have been striving to adopt solar PV mounting systems. The UK government is planning to generate 30% of the overall energy from renewable energy sources by 2020. On these grounds, UK solar PV mounting systems industry will generate a notable revenue with a CAGR of more than 5% over the coming seven years.
Regionally, U.S. is set to hold a prominent position in the global industry. Driven by the growing investment by the U.S. government in clean energy technologies and implementation of favorable financial assistances like tax subsidy, net metering, and easy availability of soft loans, U.S. solar PV mounting systems market demand is likely to surge. Other than U.S., China already holding a market of USD 2 billion in 2016, is anticipated to scale up its share in the coming seven years. Shifting trends toward decentralized power network along with appreciable steps by the Chinese government toward carbon footprint abatement is expected to drive the regional solar PV mounting systems market.
Browse key industry insights spread across 220 pages with 304 market data tables & 10 figures & charts from the report, “Solar PV Mounting Systems Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/solar-PV-mounting-systems-market
The industry is fiercely competitive with top companies engaged in diversifying their product spectrum to sustain the market position. Key players operating in solar PV mounting systems market include UNIRAC, K2 SYSTEMS, Quick Mount PV, Landpower Solar, SolarWorld, and Mounting Systems.
Major Key Points from Table of Content:
Chapter 5. Solar PV Mounting Systems Market, By End-Use
5.1. Global market share by end-use, 2016 & 2024
5.2.1. Residential market, 2013 – 2024
5.2.2. Residential market revenue by region, 2013 – 2024
5.3.1. Commercial market, 2013 – 2024
5.3.2. Commercial market revenue by region, 2013 – 2024
5.4.1. Utility market, 2013 – 2024
5.4.2. Utility market revenue by region, 2013 – 2024
Chapter 6. Solar PV Mounting Systems Market, By Technology
6.1. Global market share by end-use, 2016 & 2024
6.2.1. Fixed market, 2013 – 2024
6.2.2. Fixed market revenue by region, 2013 – 2024
6.3.1. Tracking market, 2013 – 2024
6.3.2. Tracking market revenue by region, 2013 – 2024
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/solar-PV-mounting-systems-market
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