The solar PV mounting systems market size has grown strongly in recent years. It will grow from $24.83 billion in 2023 to $26.92 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth observed in the historic period can be attributed to various factors, including the increasing installations of solar PV systems, efforts towards grid integration and energy storage, growing environmental awareness, rising investments in utility-scale projects, and the enforcement of stringent targets for the installation of solar PV systems. These factors collectively contributed to the expansion of the solar PV mounting systems market during the historic period.
The solar PV mounting systems market size is expected to see strong growth in the next few years. It will grow to $35.58 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. In the forecast period, the growth in the solar PV mounting systems market can be attributed to the adoption of smart and integrated solutions, challenges posed by urbanization and land constraints, supportive government policies and incentives, the trend towards decentralized power generation, and efforts for climate change mitigation. Major trends expected in this period include the incorporation of artificial intelligence and automation, the use of digital twin technology, the development of modular and scalable designs, the adoption of lightweight and flexible mounting solutions, and advancements in advanced tracking systems. These trends are likely to shape the landscape of the solar PV mounting systems industry.
The anticipated increase in demand for renewable energy is set to drive the growth of the solar PV mounting systems market. Renewable energy, derived from naturally available resources and considered environmentally friendly, is experiencing a surge in demand. The growth in solar installations, both at utility and decentralized levels, necessitates the safe installation of solar panels on rooftops, ground-mounted arrays, or other structures, facilitated by solar PV mounting systems. These systems play a crucial role in the renewable energy production process by providing a stable and secure base for solar panels. This ensures increased efficiency, durability, longevity, and optimal space utilization. As of March 2023, data from the Energy Information Administration (EIA) indicates a notable increase in the combined wind and solar share of total generation, reaching 14% in 2022 and surpassing coal and nuclear generation for the first time. The escalating demand for renewable energy is a key driver propelling the solar PV mounting systems market.
Leading companies in the solar PV mounting systems market are strategically focusing on technologically advanced products, exemplified by fixed-tilt racking systems, to enhance the efficiency and performance of solar power systems. A fixed-tilt racking system is a specialized framework designed to mount solar panels in a fixed position with a predetermined tilt angle. In November 2022, GameChange Solar, a US-based solar energy equipment manufacturer, introduced the MaxDensity fixed-tilt racking system. This innovative system is engineered to maximize module density, boasting a high ground coverage ratio of up to 98%. It supports all commercially available framed modules and allows installation in blocks of up to 7 MW. With features such as high ground coverage ratio, module support and configuration, cost-effectiveness, and scalability, the MaxDensity system stands out as an advanced solution in the solar PV mounting systems market.
In July 2023, Technology Services Group (TSG), a US-based company, acquired JCM Solar for an undisclosed amount. This strategic acquisition positions TSG to strengthen its presence in the solar energy sector, particularly in France. The aim is to offer a comprehensive range of integrated solutions in the solar energy field and enhance TSG's leadership in responsible mobility in Europe and Africa. JCM Solar, based in France, specializes in the design and installation of solar panels, including solar PV mounting systems for photovoltaic power plant projects.
Major companies operating in the solar pv mounting systems market report are Jinko Solar Solutions Pvt. Ltd., Tata Solar International Ltd., Gonvarri Solar Industries, First Solar Energy Inc., SunPower Solar Corporation, Array Technologies Solutions Inc., NextGen Tracker Inc., Valmont Solar Industries Inc., Schletter Solar Solutions Group, Unirac Solar Mounting Inc., Clenergy Technology Co.Ltd., PV Hardware Solutions SLU, GameChange Solar Services India Pvt. Ltd., Mounting Solutions GmbH, AeroCompact Solar GmbH, RBI Solar Solutions Inc., K2 Solar Systems GmbH, Ideematec Solar AG, Soltec Power Holdings SA, Esdec Solar Technologies BV, Arctech Solar Solutions Pvt. Ltd., SolarWorld Mounting AG, Landpower Solar Technology Co.Ltd., Xiamen Grace Solar Technology Co. Ltd., Versolsar Solar Hangzhou Ltd.
Asia-Pacific was the largest region in the solar PV mounting systems market in 2023. The regions covered in the solar pv mounting systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the solar pv mounting systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Solar PV mounting systems are structural frameworks or support structures designed for the installation and secure placement of photovoltaic (PV) solar panels. These systems are crucial as they provide a fixed position for solar panels, allowing them to efficiently capture sunlight and convert it into electricity. The proper installation and design of these mounting systems are essential to ensure the overall performance, stability, and durability of a solar PV system.
The primary types of products in solar PV mounting systems are rooftop-mounted and ground-mounted. Rooftop-mounted solar PV systems involve the installation of solar panels directly on building rooftops. This setup comprises various components, including PV modules, inverters, racking, batteries, and others. Additionally, rooftop-mounted solar PV systems may utilize different technologies such as fixed and tracking mechanisms. These systems find applications in diverse settings, including residential, commercial, industrial, and utility-scale installations.
The solar PV mounting systems market research report is one of a series of new reports that provides solar PV mounting systems market statistics, including solar PV mounting systems industry global market size, regional shares, competitors with a solar PV mounting systems market share, detailed solar PV mounting systems market segments, market trends and opportunities, and any further data you may need to thrive in the solar PV mounting systems industry. This solar PV mounting systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The solar PV mounting systems market consists of sales of ground mounts, roof mounts, tracker systems, pole mounts, and fixed tilt racks. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The solar PV mounting systems market size is expected to see strong growth in the next few years. It will grow to $35.58 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. In the forecast period, the growth in the solar PV mounting systems market can be attributed to the adoption of smart and integrated solutions, challenges posed by urbanization and land constraints, supportive government policies and incentives, the trend towards decentralized power generation, and efforts for climate change mitigation. Major trends expected in this period include the incorporation of artificial intelligence and automation, the use of digital twin technology, the development of modular and scalable designs, the adoption of lightweight and flexible mounting solutions, and advancements in advanced tracking systems. These trends are likely to shape the landscape of the solar PV mounting systems industry.
The anticipated increase in demand for renewable energy is set to drive the growth of the solar PV mounting systems market. Renewable energy, derived from naturally available resources and considered environmentally friendly, is experiencing a surge in demand. The growth in solar installations, both at utility and decentralized levels, necessitates the safe installation of solar panels on rooftops, ground-mounted arrays, or other structures, facilitated by solar PV mounting systems. These systems play a crucial role in the renewable energy production process by providing a stable and secure base for solar panels. This ensures increased efficiency, durability, longevity, and optimal space utilization. As of March 2023, data from the Energy Information Administration (EIA) indicates a notable increase in the combined wind and solar share of total generation, reaching 14% in 2022 and surpassing coal and nuclear generation for the first time. The escalating demand for renewable energy is a key driver propelling the solar PV mounting systems market.
Leading companies in the solar PV mounting systems market are strategically focusing on technologically advanced products, exemplified by fixed-tilt racking systems, to enhance the efficiency and performance of solar power systems. A fixed-tilt racking system is a specialized framework designed to mount solar panels in a fixed position with a predetermined tilt angle. In November 2022, GameChange Solar, a US-based solar energy equipment manufacturer, introduced the MaxDensity fixed-tilt racking system. This innovative system is engineered to maximize module density, boasting a high ground coverage ratio of up to 98%. It supports all commercially available framed modules and allows installation in blocks of up to 7 MW. With features such as high ground coverage ratio, module support and configuration, cost-effectiveness, and scalability, the MaxDensity system stands out as an advanced solution in the solar PV mounting systems market.
In July 2023, Technology Services Group (TSG), a US-based company, acquired JCM Solar for an undisclosed amount. This strategic acquisition positions TSG to strengthen its presence in the solar energy sector, particularly in France. The aim is to offer a comprehensive range of integrated solutions in the solar energy field and enhance TSG's leadership in responsible mobility in Europe and Africa. JCM Solar, based in France, specializes in the design and installation of solar panels, including solar PV mounting systems for photovoltaic power plant projects.
Major companies operating in the solar pv mounting systems market report are Jinko Solar Solutions Pvt. Ltd., Tata Solar International Ltd., Gonvarri Solar Industries, First Solar Energy Inc., SunPower Solar Corporation, Array Technologies Solutions Inc., NextGen Tracker Inc., Valmont Solar Industries Inc., Schletter Solar Solutions Group, Unirac Solar Mounting Inc., Clenergy Technology Co.Ltd., PV Hardware Solutions SLU, GameChange Solar Services India Pvt. Ltd., Mounting Solutions GmbH, AeroCompact Solar GmbH, RBI Solar Solutions Inc., K2 Solar Systems GmbH, Ideematec Solar AG, Soltec Power Holdings SA, Esdec Solar Technologies BV, Arctech Solar Solutions Pvt. Ltd., SolarWorld Mounting AG, Landpower Solar Technology Co.Ltd., Xiamen Grace Solar Technology Co. Ltd., Versolsar Solar Hangzhou Ltd.
Asia-Pacific was the largest region in the solar PV mounting systems market in 2023. The regions covered in the solar pv mounting systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the solar pv mounting systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Solar PV mounting systems are structural frameworks or support structures designed for the installation and secure placement of photovoltaic (PV) solar panels. These systems are crucial as they provide a fixed position for solar panels, allowing them to efficiently capture sunlight and convert it into electricity. The proper installation and design of these mounting systems are essential to ensure the overall performance, stability, and durability of a solar PV system.
The primary types of products in solar PV mounting systems are rooftop-mounted and ground-mounted. Rooftop-mounted solar PV systems involve the installation of solar panels directly on building rooftops. This setup comprises various components, including PV modules, inverters, racking, batteries, and others. Additionally, rooftop-mounted solar PV systems may utilize different technologies such as fixed and tracking mechanisms. These systems find applications in diverse settings, including residential, commercial, industrial, and utility-scale installations.
The solar PV mounting systems market research report is one of a series of new reports that provides solar PV mounting systems market statistics, including solar PV mounting systems industry global market size, regional shares, competitors with a solar PV mounting systems market share, detailed solar PV mounting systems market segments, market trends and opportunities, and any further data you may need to thrive in the solar PV mounting systems industry. This solar PV mounting systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The solar PV mounting systems market consists of sales of ground mounts, roof mounts, tracker systems, pole mounts, and fixed tilt racks. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Solar PV Mounting Systems Market Characteristics3. Solar PV Mounting Systems Market Trends And Strategies32. Global Solar PV Mounting Systems Market Competitive Benchmarking33. Global Solar PV Mounting Systems Market Competitive Dashboard34. Key Mergers And Acquisitions In The Solar PV Mounting Systems Market
4. Solar PV Mounting Systems Market - Macro Economic Scenario
5. Global Solar PV Mounting Systems Market Size and Growth
6. Solar PV Mounting Systems Market Segmentation
7. Solar PV Mounting Systems Market Regional And Country Analysis
8. Asia-Pacific Solar PV Mounting Systems Market
9. China Solar PV Mounting Systems Market
10. India Solar PV Mounting Systems Market
11. Japan Solar PV Mounting Systems Market
12. Australia Solar PV Mounting Systems Market
13. Indonesia Solar PV Mounting Systems Market
14. South Korea Solar PV Mounting Systems Market
15. Western Europe Solar PV Mounting Systems Market
16. UK Solar PV Mounting Systems Market
17. Germany Solar PV Mounting Systems Market
18. France Solar PV Mounting Systems Market
19. Italy Solar PV Mounting Systems Market
20. Spain Solar PV Mounting Systems Market
21. Eastern Europe Solar PV Mounting Systems Market
22. Russia Solar PV Mounting Systems Market
23. North America Solar PV Mounting Systems Market
24. USA Solar PV Mounting Systems Market
25. Canada Solar PV Mounting Systems Market
26. South America Solar PV Mounting Systems Market
27. Brazil Solar PV Mounting Systems Market
28. Middle East Solar PV Mounting Systems Market
29. Africa Solar PV Mounting Systems Market
30. Solar PV Mounting Systems Market Competitive Landscape And Company Profiles
31. Solar PV Mounting Systems Market Other Major And Innovative Companies
35. Solar PV Mounting Systems Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Solar PV Mounting Systems Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on solar PV mounting systems market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for solar PV mounting systems ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The solar PV mounting systems market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Product: Rooftop Mounted; Ground Mounted2) By Component: PV Modules; Inverters; Racking; Battery; Other Components
3) By Technology: Fixed; Tracking
4) By Application: Residential; Commercial; Industrial; Utility
Key Companies Mentioned: Jinko Solar Solutions Pvt. Ltd.; Tata Solar International Ltd.; Gonvarri Solar Industries; First Solar Energy Inc.; SunPower Solar Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Jinko Solar Solutions Pvt. Ltd.
- Tata Solar International Ltd.
- Gonvarri Solar Industries
- First Solar Energy Inc.
- SunPower Solar Corporation
- Array Technologies Solutions Inc.
- NextGen Tracker Inc.
- Valmont Solar Industries Inc.
- Schletter Solar Solutions Group
- Unirac Solar Mounting Inc.
- Clenergy Technology Co.Ltd.
- PV Hardware Solutions SLU
- GameChange Solar Services India Pvt. Ltd.
- Mounting Solutions GmbH
- AeroCompact Solar GmbH
- RBI Solar Solutions Inc.
- K2 Solar Systems GmbH
- Ideematec Solar AG
- Soltec Power Holdings SA
- Esdec Solar Technologies BV
- Arctech Solar Solutions Pvt. Ltd.
- SolarWorld Mounting AG
- Landpower Solar Technology Co.Ltd.
- Xiamen Grace Solar Technology Co. Ltd.
- Versolsar Solar Hangzhou Ltd.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | April 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 26.92 Billion |
Forecasted Market Value ( USD | $ 35.58 Billion |
Compound Annual Growth Rate | 7.2% |
Regions Covered | Global |