Solar PV Mounting Systems Market Size, Share, Growth Analysis, By Product (Rooftop, Ground Mounted), By Technology (Fixed, Tracking), By Component (PV Modules, Inverters), By End-User (Residential, Commercial), By Region - Industry Forecast 2024-2031
Xiamen Grace Solar New Energy Technology Co., Ltd.
DPW Solar
Aerocompact GmbH
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Global Solar PV Mounting Systems Market size was valued at USD 21.24 billion in 2022 and is poised to grow from USD 22.00 billion in 2023 to USD 29.20 billion by 2031, growing at a CAGR of 3.60% in the forecast period (2024-2031).
The Global Solar PV Mounting Systems Market is on an upward trajectory, fueled by the escalating adoption of solar power as a primary renewable energy source. This surge is attributable to various factors, including proactive government policies that encourage solar energy utilization, significant reductions in solar PV system costs, and an increasing demand for sustainable energy alternatives. The market presents a diverse array of mounting system types, such as rooftop, ground-mounted, and floating systems, each tailored to meet specific installation needs. Competition within the market is robust, with major players prioritizing product innovation, forming strategic alliances, and seeking expansion opportunities in emerging markets to enhance their market positioning. As the global appetite for clean energy solutions continues to grow, the Solar PV Mounting Systems Market is poised for sustained growth in the foreseeable future, indicating a promising landscape for investments and technological advancements in the renewable energy sector.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Solar Pv Mounting Systems market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Solar Pv Mounting Systems Market Segmental Analysis
Global Solar PV Mounting Systems Market is segmented by Product, Technology, Component, End-User and region. Based on Product, the market is segmented into Rooftop, Ground Mounted. Based on Technology, the market is segmented into Fixed, Tracking. Based on Component, the market is segmented into PV Modules (Panels), Inverters, Racking, Batteries, and Other Components. Based on end user, the market is segmented into Residential, Commercial, Industrial. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Driver of the Global Solar Pv Mounting Systems Market
A significant factor propelling the Global Solar PV Mounting Systems market is the rising acceptance of solar energy as a sustainable power generation source. As environmental sustainability becomes increasingly important and the imperative to decrease carbon emissions gains traction, the demand for solar photovoltaic (PV) systems has surged. In this context, solar PV mounting systems are essential, as they provide the necessary support and security for solar panels, facilitating efficient installation and optimizing energy production. This growing trend toward clean energy solutions underscores the vital role these mounting systems play in the overall expansion of the solar energy sector.
Restraints in the Global Solar Pv Mounting Systems Market
One of the key factors restraining the Global Solar PV Mounting Systems market is the substantial upfront costs related to both installation and maintenance. The initial financial commitment needed for solar PV mounting systems can be considerable, encompassing expenses for materials, labor, and engineering services. Furthermore, the recurring costs associated with maintenance and inspections can further increase the total investment required. Such high expenditures may deter potential purchasers and impede the broader acceptance of solar PV mounting systems, particularly in areas where financial resources are scarce or where incentives for renewable energy initiatives are lacking.
Market Trends of the Global Solar Pv Mounting Systems Market
The global Solar PV Mounting Systems market is witnessing a significant trend towards the adoption of advanced and innovative mounting solutions. This shift is largely driven by the surging demand for efficient, durable, and versatile installations as the solar industry expands. Manufacturers are prioritizing the development of systems that enhance installation efficiency, optimize solar panel performance, and minimize costs. Features such as easy installation, improved structural integrity, adjustable angles for maximum sun exposure, and compatibility with various solar panel types are increasingly in demand. Moreover, sustainability has emerged as a key focus, with many companies innovating mounting systems utilizing recycled materials and promoting easier recyclability at end-of-life, aligning with global environmental goals.
Table of Contents
Introduction
Objectives of the Study
Scope of the Report
Definitions
Research Methodology
Information Procurement
Secondary & Primary Data Methods
Market Size Estimation
Market Assumptions & Limitations
Executive Summary
Global Market Outlook
Supply & Demand Trend Analysis
Segmental Opportunity Analysis
Market Dynamics & Outlook
Market Overview
Market Size
Market Dynamics
Driver & Opportunities
Restraints & Challenges
Porters Analysis & Impact
Competitive rivalry
Threat of substitute
Bargaining power of buyers
Threat of new entrants
Bargaining power of suppliers
Key Market Insights
Key Success Factors
Degree of Competition
Top Investment Pockets
Market Ecosystem
Technological Advancement
Regulatory Landscape
Value Chain Analysis
Case Study Analysis
Customer & Buying Criteria Analysis
PESTEL Analysis
Macro-Economic Indicators
Market Attractiveness Index
Pricing Analysis
Global Solar PV Mounting Systems Market Size by Product & CAGR (2024-2031)
Market Overview
Rooftop
Ground Mounted
Global Solar PV Mounting Systems Market Size by Technology & CAGR (2024-2031)
Market Overview
Fixed
Tracking
Global Solar PV Mounting Systems Market Size by Component & CAGR (2024-2031)
Market Overview
PV Modules (Panels)
Inverters
Racking
Batteries
Other Components
Global Solar PV Mounting Systems Market Size by End-User & CAGR (2024-2031)
Market Overview
Residential
Commercial
Industrial
Global Solar PV Mounting Systems Market Size & CAGR (2024-2031)
North America, (Product, Technology, Component, End-User)