Solar PV Mounting Systems Market is Expected to Reach USD 31.7 Billion by 2034

Introduction: Powering the Next Decade of Solar Expansion
The Solar PV Mounting Systems Market is emerging as a crucial pillar in the clean energy revolution, enabling efficient, cost-effective, and durable installations of photovoltaic (PV) modules across rooftops, open fields, and floating structures. As the world accelerates toward carbon neutrality, the demand for robust, modular, and adaptable mounting systems has intensified across residential, commercial, and utility-scale solar projects.

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According to Exactitude Consultancy, the global Solar PV Mounting Systems Market was valued at USD 16.3 billion in 2024 and is expected to reach USD 31.7 billion by 2034, growing at a CAGR of 6.9% during the forecast period (2025-2034). The growth is underpinned by a surge in solar capacity installations, falling component costs, and innovative designs in tracking and fixed-tilt systems that improve energy yield and ease of maintenance.

As the energy transition gains pace, solar mounting systems will play a pivotal role in delivering scalable, reliable, and resilient solar infrastructure worldwide.

Market Overview
• Market Size (2024): USD 16.3 billion
• Market Size (2034): USD 31.7 billion
• CAGR (2024-2034): 6.9%
• Base Year: 2024
• Forecast Period: 2025-2034

Key Highlights
• Rising deployment of utility-scale solar farms and rooftop PV systems globally.
• Increasing adoption of single-axis and dual-axis solar tracking systems for higher efficiency.
• Shift toward lightweight aluminum and corrosion-resistant steel materials for better durability.
• Growing investments in floating PV installations across Asia-Pacific and Europe.
• Technological advancements such as AI-enabled solar tracking, automated cleaning compatibility, and modular racking systems.

Leading Market Players
Major players in the solar PV mounting systems market include Schletter Group, Mounting Systems GmbH, K2 Systems, Unirac Inc., RBI Solar Inc., Arctech Solar, Array Technologies, Nextracker, Clenergy, and Valmont Industries. These companies are expanding their portfolios through innovations in mounting geometry, wind-load optimization, and rapid installation technologies.

Segmentation Analysis
By Product Type
• Fixed Mounting Systems
• Tracking Mounting Systems
o Single-Axis Trackers
o Dual-Axis Trackers

By Mounting Location
• Ground-Mounted
• Roof-Mounted
• Floating Solar Systems

By Material
• Aluminum
• Galvanized Steel
• Stainless Steel
• Composite Materials

By End User
• Residential
• Commercial & Industrial (C&I)
• Utility-Scale

By Region
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America

Summary of Segmentation:
Fixed mounting systems continue to dominate due to lower cost, minimal maintenance, and wide adoption in rooftop and small commercial installations. However, tracking systems-especially single-axis trackers-are rapidly gaining share in utility-scale projects, offering up to 25-30% higher energy yield. The floating solar segment is emerging as a strong niche, particularly in land-constrained economies such as Japan, South Korea, and Singapore.

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Regional Analysis
North America
North America holds a significant share of the global market, supported by aggressive solar capacity targets, favorable tax credits, and rapid adoption of single-axis tracking systems in large solar farms. The U.S. leads the region with robust installations in California, Texas, and Arizona, driven by the Inflation Reduction Act (IRA) incentives for solar and clean energy projects. Canada's focus on distributed generation is further boosting the rooftop solar segment.

Europe
Europe's solar expansion is fueled by ambitious renewable energy goals and energy security strategies. Countries such as Germany, Spain, Italy, and the Netherlands are investing heavily in rooftop and utility-scale solar. Lightweight aluminum racking and customizable tilt systems are increasingly preferred for commercial buildings and urban solar retrofits. The EU's REPowerEU Plan is also promoting solar installation standardization and faster permitting processes.

Asia-Pacific
Asia-Pacific is the fastest-growing region, projected to record a CAGR above 8% during 2024-2034. China dominates global solar capacity addition, driving substantial demand for both fixed and tracking mounting systems. Japan and South Korea are pioneering floating solar installations, while India's National Solar Mission continues to boost ground-mounted projects. Australia, meanwhile, is witnessing exponential growth in rooftop solar, enhancing demand for modular racking systems.

Middle East & Africa
The Middle East, led by Saudi Arabia, UAE, and Egypt, is investing in mega solar parks as part of its diversification from fossil fuels. The region's harsh climatic conditions have led to innovations in corrosion-resistant mounting materials and automated tracking technologies. Africa's demand is primarily driven by off-grid solar and microgrid applications in rural electrification programs.

Latin America
Latin America's solar growth is led by Brazil, Mexico, and Chile, supported by competitive auctions and favorable regulations. The region's diverse terrain encourages hybrid adoption of fixed and adjustable tilt systems for optimized generation. Cost-effective mounting structures are key enablers for rapid deployment in utility-scale projects.

Regional Summary:
Overall, Asia-Pacific and North America remain the powerhouses of solar PV mounting system demand, while Europe continues to lead in technological integration and regulatory support. The Middle East and Latin America represent emerging growth frontiers, particularly in large-scale desert and utility solar farms.

Market Dynamics
Key Growth Drivers
1. Surge in Global Solar Installations
The exponential rise in solar PV installations globally is the prime driver for the mounting systems market. According to IEA projections, solar capacity additions are expected to exceed 400 GW annually by 2030, ensuring consistent demand for mounting structures.
2. Technological Advancements in Tracking Systems
Innovations such as AI-based sun tracking, sensor-driven alignment, and self-calibrating actuators are enhancing output and reducing manual intervention, driving adoption of advanced tracking solutions.
3. Falling Component Costs and Improved Manufacturing
Economies of scale in aluminum extrusion, steel fabrication, and galvanization have brought down costs significantly. Prefabricated designs allow faster on-site assembly and lower labor costs.
4. Government Incentives and Renewable Energy Targets
Subsidies, tax rebates, and feed-in tariffs across the U.S., India, China, and Europe are catalyzing new solar projects. Policies such as Net Zero 2050 and Renewable Portfolio Standards (RPS) are further sustaining demand for durable mounting infrastructure.
5. Growing Floating Solar Adoption
Floating PV plants, which utilize lakes and reservoirs, help reduce land-use conflicts while offering cooling benefits that improve panel efficiency. This trend is driving demand for specialized buoyant mounting systems.

Key Challenges
1. High Initial Capital and Maintenance Costs
Although lifetime costs are falling, the initial investment in high-quality mounting and tracking systems remains a barrier for small-scale developers.
2. Structural and Wind Load Concerns
Designing mounts that withstand high winds, snow loads, and seismic conditions remains a technical challenge, particularly in regions with harsh climates.
3. Raw Material Price Volatility
Fluctuations in steel and aluminum prices affect overall project economics, prompting manufacturers to explore composite or hybrid materials.
4. Complex Permitting and Installation Processes
Varying regional codes and standards increase project timelines, particularly for rooftop and floating PV systems.

Latest Market Trends
• Integration of IoT and AI in solar tracking systems for predictive adjustment and yield optimization.
• Increased use of lightweight alloys and modular clamps to reduce installation time.
• Expansion of floating PV projects in water-scarce and land-limited regions.
• Sustainability-focused manufacturing-recycling aluminum and adopting low-carbon steel.
• Hybrid energy projects integrating solar with wind or storage systems using adaptable mounting frameworks.

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Competitive Landscape
Key Market Players
• Schletter Group (Germany)
• Mounting Systems GmbH (Germany)
• K2 Systems GmbH (Germany)
• Unirac Inc. (USA)
• RBI Solar Inc. (USA)
• Arctech Solar (China)
• Array Technologies Inc. (USA)
• Nextracker Inc. (USA)
• Clenergy (Australia)
• Valmont Industries (USA)

Competitive Summary
The market is moderately consolidated, with the top 10 players accounting for nearly 70% of the global share. Industry leaders are focusing on regional partnerships, strategic mergers, and portfolio diversification.

For instance, Nextracker has expanded its solar tracking solutions tailored for bifacial panels, while Array Technologies introduced smarter actuator control systems to optimize power generation. European firms like Schletter and K2 Systems emphasize corrosion resistance and recyclability, aligning with regional sustainability standards.

In emerging markets, local players are innovating with cost-efficient galvanized steel structures, enhancing affordability and competitiveness.

Conclusion: A Decade of Sustainable Acceleration
The Solar PV Mounting Systems Market is poised for robust growth, driven by the global push toward renewable energy, continuous innovations in system design, and the rapid decline in solar component costs. By 2034, the market will nearly double in value, propelled by both utility-scale projects and the surging demand for distributed rooftop installations.

The next decade will witness mounting systems evolving from simple support structures to smart, integrated, and sustainable solutions that maximize energy yield, optimize land use, and lower lifecycle costs. Companies that focus on automation, sustainability, and modularity will lead the way in shaping the future of solar infrastructure.

In a world racing toward decarbonization, solar PV mounting systems stand as the foundation of clean energy infrastructure, enabling a brighter, greener, and more resilient energy future.

This report is also available in the following languages : Japanese (太陽光発電架台システム), Korean (태양광 PV 장착 시스템), Chinese (太阳能光伏支架系统), French (Systèmes de montage solaire photovoltaïque), German (Solar-PV-Montagesysteme), and Italian (Sistemi di montaggio per impianti fotovoltaici), etc.

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