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Global Solar PV Mounting Systems Market Analysis 2024 - Growing Popularity and Emerging Trends in the Industry

09-27-2019 11:43 AM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

/ PR Agency: Solar PV Mounting Systems Market
Solar PV Mounting Systems Market

Solar PV Mounting Systems Market

Solar PV mounting systems market is poised to exceed USD 9 billion by the end of 2024, with a projected CAGR of 6% over 2017-2024, as estimated by Global Market Insights, Inc. Technological interventions have always played a pivotal role in influencing the overall market outlook. Basically, the two types of designs that are implemented in a solar PV module installation include fixed and tracking. Tracking solar PV mounting systems industry observes a huge demand as it enables a comparatively higher power generation capacity than its other counterparts. In 2016, tracking represented 19% of the overall share and is likely to chart an appreciable growth over the coming seven years. Fixed systems market will also grow substantially owing to the low cost and comparatively lesser space requirement associated with the mounting.

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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 @

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. Residential
5.2.1. Residential market, 2013 – 2024
5.2.2. Residential market revenue by region, 2013 – 2024
5.3. Commercial
5.3.1. Commercial market, 2013 – 2024
5.3.2. Commercial market revenue by region, 2013 – 2024
5.4. Utility
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. Fixed
6.2.1. Fixed market, 2013 – 2024
6.2.2. Fixed market revenue by region, 2013 – 2024
6.3. Tracking
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 @

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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