Press release
Shaping the Solar PV Mounting Systems Market in 2025: Cutting-Edge Fixed-Tilt Racking System Revolutionizing Solar PV Efficiency and Performance
Solar PV Mounting Systems Market
The solar PV mounting systems market has experienced strong growth in recent years. It will increase from $26.92 billion in 2024 to $29.16 billion in 2025, at a CAGR of 8.3%. This growth is driven by rising solar PV installations, grid integration, energy storage, increased environmental awareness, greater utility-scale investments, and stricter solar PV installation targets.
The solar PV mounting systems market is projected to grow significantly, reaching $37.89 billion by 2029, with a CAGR of 6.8%. Factors contributing to this growth include smart integrated solutions, urbanization, government policies and incentives, decentralized power generation, and climate change mitigation. Key trends include AI and automation, digital twin technology, modular designs, lightweight and flexible solutions, and advanced tracking systems.
What Are the Primary Growth Drivers for the Solar PV Mounting Systems Market?
The increasing demand for renewable energy is expected to fuel the solar PV mounting systems market. Renewable energy sources are naturally available and environmentally sustainable. Solar installations, whether for large-scale utility projects or distributed applications, require secure mounting systems to position solar panels effectively. These mounting systems provide structural stability, enhance space utilization, and improve durability, contributing to efficient energy generation. For instance, in September 2024, the Department for Energy Security and Net Zero reported that renewable energy made up 51.6% of the UK's total energy generation in Q2 2024, reflecting a 9.9 percentage point increase from the same period in 2023. As a result, the growing adoption of renewable energy is boosting the solar PV mounting systems market.
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Who Are the Dominant Companies Influencing Solar PV Mounting Systems Market Trends?
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.
How Is the Solar PV Mounting Systems Market Evolving?
Key players in the solar PV mounting systems market are concentrating on technological advancements, such as fixed-tilt racking systems, to optimize solar power system efficiency. A fixed-tilt racking system is an innovative mounting framework that holds solar panels at a fixed tilt angle to enhance performance. For instance, in November 2022, GameChange Solar, a US-based solar equipment manufacturer, introduced the MaxDensity fixed-tilt racking system. This system is designed to maximize module density with a high ground coverage ratio of up to 98% and can accommodate all commercially available framed modules. It supports installation in blocks of up to 7 MW and includes features such as enhanced ground coverage, module configuration flexibility, cost-effectiveness, and resilience to wind and snow loads.
What Are the Different Segmentations 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
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Which Region Is at the Forefront of 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.
What Is Covered In The Solar PV Mounting Systems Global Market Report?
- Market Size Analysis: Analyze the Solar PV Mounting Systems Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Solar PV Mounting Systems Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Solar PV Mounting Systems Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Solar PV Mounting Systems Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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