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Leading Growth Driver in the Solar PV Mounting Systems Market in 2025: Rising Demand for Renewable Energy Drives Growth in Solar PV Mounting Systems Market Driver's Influence
Solar PV Mounting Systems Market Share
Forecasts suggest that the growing need for renewable energy will stimulate the expansion of the solar PV mounting systems market. Any form of energy extracted from naturally replenishing resources and deemed to be environmentally friendly can be categorised as renewable energy. The safe installation of solar panels, either at utility or dispersed levels, on rooftops, ground arrays, or other structures, is achieved through a robust mounting system. This system serves a crucial role in renewable energy production, providing a secure base for solar panels, enabling them to efficiently capture sunlight and convert it into electrical power. This enhances performance, durability, the lifespan of the panels, and optimises the use of space. As an illustration, figures released by the Department for Energy Security and Net Zero, a UK governmental department, stated that renewable energy accounted for 51.6% of total energy production in the UK in Q2 2024, marking a rise of 9.9 percentage points compared to the equivalent quarter in 2023. Consequently, the escalating demand for renewable energy is fuelling the growth of the solar PV mounting systems market.
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What is the future CAGR of the solar pv mounting systems market, and how will it impact industry expansion?
The market for solar PV mounting systems has seen robust growth in the past few years. Its size is projected to increase from $26.92 billion in 2024 to $29.16 billion in 2025, signifying a compound annual growth rate (CAGR) of 8.3%. Factors contributing to this historical growth include a rise in solar PV installations, grid integration and energy storage, heightened environmental consciousness, escalated investments in utility scale, and stringent targets set for solar PV system deployment.
In the coming years, a robust expansion is projected for the solar PV mounting systems market. The market is expected to surge to $37.89 billion by 2029, registering a compound annual growth rate (CAGR) of 6.8%. The anticipated expansion during the forecast period can be credited to factors such as smart and integrated solutions, urbanization-related land restrictions, government policies and incentives, decentralized energy production, and efforts to combat climate change. The forecast period also anticipates predominant trends like artificial intelligence and automation, digital twin technology, modular and scalable structures, flexible and lightweight mounting systems, and sophisticated tracking systems.
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What are the most significant trends transforming the solar pv mounting systems market today?
Top-tier companies in the solar PV mounting systems industry are targeting innovation, like fixed-tilt racking systems, to enhance the effectiveness and operation of solar power systems. A fixed-tilt racking system serves as a unique and superior structure designed to hold solar panels in a static position at a set tilt degree. Example in point, GameChange Solar, an American solar energy equipment producing company, launched the MaxDensity, a new fixed-tilt racking system, in November 2022. It's built to optimize module density and boasts an impressive ground coverage ratio of nearly 98%. It's versatile enough to support all commercially framed modules available and installation can take place in chunks of up to 7 MW. Additionally, it comes packed with various groundbreaking features including a high ground coverage ratio, supporting and configuring modules, cost-effective installation, handling wind and snow loads, and adaptability for scalability.
Which key market segments comprise the solar pv mounting systems market and drive its revenue growth?
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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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.
Who are the leading players fueling growth 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.
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What Is Covered In The Solar PV Mounting Systems Global Market Report?
•Market Size Forecast: Examine the solar pv mounting systems market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the solar pv mounting systems market for a structured understanding.
•Key Players Overview: Analyze major players in the solar pv mounting systems market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the solar pv mounting systems market.
•Segment Contributions: Evaluate how different segments drive overall growth in the solar pv mounting systems market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the solar pv mounting systems market.
•Industry Challenges: Identify potential risks and obstacles affecting the solar pv mounting systems market.
•Competitive Landscape: Review strategic developments in the solar pv mounting systems market, including expansions, agreements, and new product launches.
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