Solar PV Mounting Systems Market: Increasing demand for clean energy from businesses & consumers and Growing solar PV capacity are likely to drive the market in the forecast period.
According to TechSci Research report, “Solar PV Mounting Systems Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Solar PV Mounting Systems Market stood at USD 12.08 billion in 2022 and is anticipated to grow with a CAGR of 8.19% in the forecast period. One of the primary drivers propelling the global Solar PV Mounting Systems market is the continued expansion of solar energy capacity on a global scale. As the world strives to transition toward cleaner and more sustainable energy sources, solar power has emerged as a prominent solution. Governments, businesses, and homeowners are increasingly recognizing the environmental and economic benefits of harnessing energy from the sun, leading to a surge in solar PV installations.
This growing demand for solar energy systems translates directly into an increased need for Solar PV Mounting Systems. As more solar arrays are deployed, mounting systems become essential to secure and position the photovoltaic panels optimally for maximum sunlight exposure. Residential, commercial, and utility-scale solar projects all depend on reliable mounting systems to ensure the efficiency, safety, and longevity of their solar PV installations. Furthermore, countries worldwide are setting ambitious renewable energy targets, which often include significant contributions from solar power. These targets are reinforced by various incentives, subsidies, and supportive policies, further accelerating the adoption of solar PV systems and driving the demand for mounting solutions. As the solar energy capacity continues to expand, the Solar PV Mounting Systems market is poised for sustained growth.
The relentless pace of technological advancements and innovation is another major driver shaping the global Solar PV Mounting Systems market. This sector has witnessed substantial progress in recent years, driven by the need for more efficient, cost-effective, and adaptable mounting solutions to meet the demands of the evolving solar industry. Innovations in solar panel design and materials have impacted the design and functionality of mounting systems. For example, advancements in solar panel technology, such as bifacial panels and thin-film modules, have led to the development of specialized mounting systems capable of accommodating these new panel types. Additionally, solar tracking systems have gained popularity for their ability to maximize energy capture, prompting innovations in tracking mounting solutions.
Moreover, research and development efforts are focused on enhancing the durability and environmental sustainability of mounting systems. Innovations in materials and manufacturing processes aim to extend the lifespan of these components and reduce their environmental impact, aligning with the broader goals of sustainability and renewable energy. As the Solar PV Mounting Systems market continues to evolve and adapt to new technological developments, it remains a critical enabler of the solar energy industry’s growth. Technological advancements in mounting systems contribute to higher energy yields, improved system performance, and increased attractiveness to investors and consumers, reinforcing the market’s position as an essential component of the renewable energy ecosystem.
The Global Solar PV Mounting Systems Market is segmented into product, technology, component, end-user and region. Based on product, The Rooftop segment had the largest market share in 2022 & expected to maintain it in the forecast period. Rooftop installations are well-suited to urban and suburban areas where space for ground-mounted systems is limited or expensive. In densely populated cities, land is at a premium, making rooftop solar an attractive option for utilizing otherwise unused space.
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Rooftop solar allows for distributed energy generation, meaning that electricity is produced closer to where it’s consumed. This reduces transmission losses and grid congestion. Homeowners, businesses, and institutions can generate their electricity, reducing their reliance on traditional utilities and lowering energy bills.
Rooftop systems offer grid independence, providing a source of reliable electricity during power outages. This resilience is especially appealing to homeowners and critical infrastructure, such as hospitals and emergency services.
Many governments offer incentives, subsidies, and favourable policies to encourage rooftop solar installations. These may include tax credits, feed-in tariffs, and net metering programs. These policies make rooftop solar financially attractive for residential and commercial consumers, driving demand.
Rooftop solar installations often have a lower environmental impact compared to ground-mounted systems on undeveloped land. They make use of existing infrastructure and reduce land use conflicts.
Rooftop systems are highly scalable and modular, allowing users to start with a small installation and expand it as needed. This scalability makes them suitable for a wide range of applications, from residential rooftops to large commercial and industrial buildings.
Rooftop solar can be integrated seamlessly into building structures, preserving aesthetics and architectural design. Solar panels can be flush-mounted or integrated into roofing materials, making them less visually obtrusive compared to ground-mounted arrays.
Based on technology, The Fixed segment had the largest market share in 2022 and is projected to experience rapid growth during the forecast period. Fixed-tilt mounting systems are typically more cost-effective than tracking systems. They require less complex hardware and fewer moving parts, reducing both upfront installation costs and long-term maintenance expenses.
Fixed-tilt systems are straightforward in design and operation. They have no moving parts or motors, which means fewer components that can potentially fail over time. This simplicity translates into higher reliability and a longer operational lifespan, reducing the need for maintenance and repairs.
Fixed-tilt systems are versatile and suitable for a wide range of solar applications, from small residential installations to large utility-scale projects. They can be easily deployed on rooftops, open fields, and ground-mounted arrays, making them adaptable to various site conditions and locations.
Fixed-tilt systems offer predictable and stable performance. Once installed, they maintain a constant tilt angle throughout the year, which simplifies energy production forecasting and grid integration. In regions with consistent weather patterns and ample sunlight, fixed-tilt systems can provide reliable and cost-efficient energy generation.
Fixed-tilt systems require less land or space compared to tracking systems, making them ideal for projects with limited available land. In densely populated areas or on sites where land is valuable, fixed-tilt technology can maximize energy production within a smaller footprint.
The environmental impact of fixed-tilt systems is generally lower than that of tracking systems. They have a smaller land footprint and generate less noise during operation, making them suitable for environmentally sensitive areas. Fixed-tilt systems are easier and quicker to install compared to tracking systems, reducing project timelines and construction-related costs. This rapid deployment is particularly advantageous for commercial and utility-scale solar projects with tight schedules.
Major companies operating in the Global Solar PV Mounting Systems Market are:
- Schletter Group
- K2 Systems GmbH
- Esdec Solar Group B.V.
- Clenergy International (UK) Ltd
- BayWa r.e. AG
- SunPower Corporation
- First Solar Inc
- Tesla Inc.
- Trina Solar Co., Ltd
- Unirac Inc
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“The Global Solar PV Mounting Systems market is expected to rise in the upcoming years and register a significant CAGR during the forecast period. Solar energy is becoming increasingly popular as a clean and renewable source of energy. This is driving the demand for solar PV mounting systems, which are used to support solar panels. Governments around the world are providing financial incentives and other support to promote the adoption of solar energy. This is also boosting the demand for solar PV mounting systems.
Also, Solar PV mounting systems are becoming increasingly efficient and affordable. This is making them more attractive to consumers and businesses. Additionally, The Asia-Pacific region is the largest market for solar PV mounting systems, followed by Europe and North America. The growth of the market in the Asia-Pacific region is attributed to the increasing demand for solar energy in countries such as China and India. Therefore, the market of Solar PV Mounting Systems is expected to boost in the upcoming years.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Solar PV Mounting Systems Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product (Rooftop and Ground Mounted), By Technology (Fixed and Tracking), By Component (PV Modules [Panels], Inverters, Racking, Batteries, Others), By End-User (Residential, Commercial, and Industrial), By Region, By Competition”, has evaluated the future growth potential of Global Solar PV Mounting Systems Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers make sound investment decisions., The report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Solar PV Mounting Systems Market.
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