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Global Solar PV Mounting Systems Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities
Solar PV Mounting Systems Market
How Big Is the Solar PV Mounting Systems Market Size Expected to Be by 2034?
In recent years, the market size for solar PV mounting systems has seen substantial growth. It is projected to rise from $26.92 billion in 2024 to $29.16 billion in 2025, boasting a compound annual growth rate (CAGR) of 8.3%. This growth during the historical period is linked to factors such as rising solar PV installations, integration with the energy grid and energy storage, growing environmental consciousness, escalated investments in utility-scale, and rigid objectives for solar PV system installation.
We anticipate a robust expansion in the solar PV mounting systems market over the coming years, with an estimated worth of $37.89 billion by 2029, increasing at a compound annual growth rate (CAGR) of 6.8%. Factors contributing to this growth within the projected period include intelligent and integrated solutions, urbanization and land issues, government policies and incentives, decentralized power production, and measures to mitigate climate change. Key trends for the future include the incorporation of artificial intelligence and automation, digital twin technology, modular and scalable designs, lightweight and adaptable mounting solutions, and advanced tracking systems.
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What Are the Emerging Segments Within 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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What Long-Term Drivers Are Shaping Solar PV Mounting Systems Market Trends?
The solar PV mounting systems market is predicted to expand due to the growing need for renewable energy. Renewable energy encompasses energy garnered from resources that are naturally restocked on a human timescale and deemed environmentally beneficial. Solar installations, spanning utility and dispersed levels, need safe placement of solar panels on rooftops, ground-mounted arrangements, or other structures via a mounting system. This system plays a vital role in the renewable energy production process as it offers a secure and steady foundation for solar panels. This helps the panels capture sun rays and transform them into electricity, thus enhancing efficiency, durability, lifespan, and space optimization. For example, data from the Department for Energy Security and Net Zero, a governmental department in the UK, showed that in September 2024, renewable energy made up 51.6% of total energy generation in the UK in Q2 2024, marking a rise of 9.9 percentage points (PP) from the corresponding period in 2023. Hence, the mounting demand for renewable energy is fueling the solar PV mounting systems market.
Who Are the Top Competitors in Key Solar PV Mounting Systems Market Segments?
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 Major Trends Shaping the Solar PV Mounting Systems Market?
Leading firms in the solar PV mounting systems market are prioritizing the development of technologically superior products like fixed-tilt racking systems to enhance the productivity and efficacy of solar energy systems. A fixed-tilt racking system is a unique structure designed to mount solar panels at a fixed angle, significantly improving their performance. An example of this is the introduction of the MaxDensity, a fixed-tilt racking system, by GameChange Solar, an American solar energy equipment producer, in November 2022. This system is crafted to amplify module density and boasts an impressive ground coverage ratio of up to 98%. It is compatible with all commercially available framed modules and permits installation in blocks up to 7 MW. Furthermore, it brings several novel attributes to the table, including exceptional ground coverage ratio, module support and design, affordability and ease of installation, capability to handle wind and snow loads, and scalability.
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Which Regions Are Becoming Hubs for Solar PV Mounting Systems Market Innovation?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Solar PV Mounting Systems Market?
2. What is the CAGR expected in the Solar PV Mounting Systems Market?
3. What Are the Key Innovations Transforming the Solar PV Mounting Systems Industry?
4. Which Region Is Leading the Solar PV Mounting Systems Market?
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