Press release
2025-2034 Solar PV Mounting Systems Market Roadmap: Insights for Competitive Advantage
Solar PV Mounting Systems Market
How Large Will the Solar PV Mounting Systems Market Size By 2025?
In the last few years, the solar PV mounting systems market has seen substantial growth. The market size, which was $26.92 billion in 2024, is predicted to increase to $29.16 billion in 2025, at a compound annual growth rate (CAGR) of 8.3%. Factors contributing to this growth during the historical period include an increase in solar PV installations, integration of energy storage into the grid, heightened environmental consciousness, increased investments on a utility scale, and strict goals for solar PV system installation.
How Big Is the Solar PV Mounting Systems Market Size Expected to Grow by 2029?
In the coming years, the market size for solar PV mounting systems is predicted to experience robust growth. It is forecasted to reach $37.89 billion by 2029, with a compound annual growth rate (CAGR) of 6.8%. The projected growth during this period is largely due to factors such as smart integrated solutions, the impact of urbanization and land constraints, government policies and incentives, and decentralized power generation, not to mention efforts to mitigate climate change. Artifical intelligence and automation, digital twin technology, modular and scalable designs, lightweight, flexible mounting solutions, and advanced tracking systems are key trends expected to emerge in this forecast period.
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Which Key Market Drivers Powering Solar PV Mounting Systems Market Expansion and Growth?
The growth of the solar PV mounting systems market is slated to surge in response to the escalating demand for renewable energy. This energy source, derived from naturally available resources that are also considered environmentally friendly on a human timescale, has a strong potential to drive market growth. The mounting system is a critical component in safely installing solar panels on rooftops, ground-mounted arrays, or other structures, both at the utility and dispersed levels. This system provides a firm and safe base for the solar panels, enabling them to efficiently capture sunlight and convert it into electricity. In turn, this increases their efficiency, durability, longevity, and space utilization. In support of this, data from the Department for Energy Security and Net Zero, a UK-based governmental department, showed that renewable energy made up 51.6% of total energy generation in the UK in Q2 2024, marking an increase of 9.9 percentage points (PP) over the same period in 2023. As a result, the escalating demand for renewable energy is augmenting the solar PV mounting systems market.
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Which Fast-Growing Trends Are Poised to Disrupt the Solar PV Mounting Systems Market?
Leading businesses in the solar PV mounting systems space are honing in on technologically evolved goods, like fixed-tilt racking systems, to boost the solar power systems' productivity and efficacy. The fixed-tilt racking system is a distinctively crafted framework that holds solar panels at a fixed position at a pre-set tilt angle. For instance, GameChange Solar, a notable American manufacturer of solar energy equipment, launched the MaxDensity in November 2022. This particular fixed-tilt racking system has a design catered to amplify the module density and boasts an impressive ground coverage ratio, reaching up to 98%. It is capable of supporting all commercially marketed framed models and has a block installation capability of up to 7 MW. What sets this system apart are its ingenious traits like an excellent ground coverage ratio, module configuration and support, installation efficiency, cost-effectiveness, wind and snow load management, and its scalability.
What Are the Emerging Segments 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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Who Are the Global Leaders 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.
Which are the Top Profitable Regional Markets for the Solar PV Mounting Systems Industry?
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.
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