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Explored in latest research Solar PV Mounting Systems Market Size & Share, Growth, Trends and Forecast 2017 - 2025
The main objective of this report is to define, describe, and forecast the global “Solar PV Mounting Systems” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Solar PV mounting systems are also referred as solar module racking. Mounting systems are used to fix solar panels on desired locations. Solar PV mounting systems are generally made of aluminum, stainless steel, iron, alloy, and plastics. These systems provide essential inclination angle and orientation to solar panels, so that the maximum of solar energy can be captured. The energy thus captured is transformed into electricity. Solar PV mounting systems are probably the most significant area for innovation and the most competitive solar products in the market. The solar PV mounting systems available in the market are versatile, light-weight, rugged, easy to install, and have low expansion and contraction properties.
Solar PV mounting systems are primarily of two types: rooftop mounting system and ground mounting systems. The rooftop solar PV mounting systems can further be segmented based on the type of roofing available such as flat roof, tile roofing, corrugated fiber cement roofing, sheet metal roofing, etc. Ground mounting systems are selected depending upon the type of soil or floor on which they are supposed to be installed. Solar PV mounting systems are available in a wide range of design specifications. The solar PV mounting systems market can also be classified based on end-use applications such as residential, commercial, and utility application. In terms of technology, the solar PV mounting systems market can be bifurcated as fixed systems, sliding (railed) systems, tracking systems, etc.
Rise in demand for inexpensive, reliable, and uninterrupted electricity, primarily from the urban population, is a key driver of the solar PV mounting systems market. As solar energy is perpetually available, solar systems guarantee a continuous supply of energy. Rooftop solar PV mounting systems, owing to their compactness and ease of installation, are expected to serve the purpose of uninterrupted power supply for the urban population. Rise in the trend of using renewable energy is another prominent driver of the solar PV mounting systems market. Solar panels have attained popularity due to their emission-free power generation characteristics. They are used as parking roofs, charging stations for electric vehicles, and for lighting of street lamps, wherein the mounting systems of the panels play a significant role.
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By geography, Asia Pacific is estimated to lead the global solar PV mounting systems market. The region is home to almost 60% of the world’s population and is undergoing rapid development and urbanization. Economies in the region such as China, India, and Japan are taking initiatives and are focused on increasing their share in the generation of solar power. North America has a large number of solar installations; therefore, it is expected to constitute a major share of the solar PV mounting systems market. Europe is projected to be a lucrative market during the forecast period. Countries in the region have been pioneering in the area of utilizing renewable energy. The EU has set up the target of achieving at least 20% of its energy requirement from renewable energy by 2020. Middle East & Africa and Latin America also project better opportunities for the solar PV mounting systems market.
Key players in the solar PV mounting systems market are Quick Mount PV, UNIRAC Inc., Nuevosol Energy Pvt. Ltd., K2 Systems, Pennar Industries Limited, Schletter Canada Inc., Wind & Sun Ltd, Mounting Systems GmbH, RBI Solar Inc., and Belmont Solar.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
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Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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