Solar PV Mounting Systems Global Market Report 2024

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.


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