Press release
Solar PV Mounting Systems Market: Opportunities, Emerging Trends, Competitive Strategies and Forecasts 2023
Market HighlightsRising concern for global warming coupled with high preference for green technologies, will drive the solar PV mounting systems market. The rising popularity of on-gird and off-grid power across distant regions due to the escalated demand for uninterrupted electricity supply will favorably influence the business map. Excellent government schemes such as subsidies, soft loans, power purchase agreement (PPA), feed-in-tariffs (FiT), coupled with low component costs, will favorably impact solar PV mounting systems market.
The global solar PV mounting systems market has been analyzed based on product, technology, end-users and regions. On the basis of product, the global solar PV mounting systems market has been segmented as fixed and tracking. Based on end-users, it is classified as, on-grid and off-grid. Based on end-users, it is further classified as residential, commercial and utility.
Market Research Analysis
Ground mounted solar PV mounting systems segment by product is expected to dominate the market
The global solar PV mounting systems market is segmented by products as, ground mounted and rooftops. The ground mounted systems segment accounts for the largest share in solar PV mounting systems industry, and is also projected to make notable contribution in the total revenue of the market. Ease of maintenance, higher efficiency and facility for inclination & orientation, will embellish the solar PV mounting systems market. Ongoing demand for large capacity photovoltaic plants along with measures towards expansion of existing systems, will drive the industry growth. Also, escalating demand for large capacity solar cells plants, will stimulate the product demand.
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Key Players
The key players of global solar PV mounting systems market are
• Schletter GmbH (Germany),
• Unirac (U.S),
• SolarWorld AG (Germany),
• Jinko Solar (China),
• K2 Systems GmbH (Germany),
• Quick Mount PV. (U.S),
• Landpower Solar Technology (China),
• RBI Solar (U.S),
• Mounting Systems, Inc. (U.S),
• Xiamen Grace Solar Technology Co., Ltd. (China),
• Versolsolar (China)
• Clenergy (China).
Asia-Pacific Region in Solar PV Mounting Systems Market is expected to have the fastest growth rate
Asia-Pacific region holds the largest share of approximately 50% in global solar PV (Photo-Voltaic) mounting systems market in 2016, and is expected to grow at a high rate, resulting in growth in sale of solar PV mounting systems subsequently. The continuous growth in industrial & commercial and utility sector in Asia- Pacific, requires a high amount of electricity for their operations. Also, the government initiatives for the utilization of renewable energy, is making the end user opt for solar energy. All these factors will majorly constitute the growth of Solar PV Mounting Systems in the Asia-Pacific region for forecast period.
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Global Solar PV Mounting Systems Market
Geographically, the market has been segmented into four major regions such as North America, Asia-Pacific, Europe and Rest of the World. Among these regions, Asia-Pacific has emerged as the leading region in terms of value and volume, followed by Europe and North America. In 2016, Asia-Pacific solar installation capacity accounted for 144.8 GW, whereas Europe and North America accounted for 102.1 GW and 35.6 GW, respectively. In Asia-Pacific region, China and Japan are the major dominating countries, whereas, India is projected to witness significant growth in the upcoming years.
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