Ground Mounted Solar PV - Global Strategic Business Report

The global market for Ground Mounted Solar PV was estimated at US$104.0 Billion in 2024 and is projected to reach US$132.8 Billion by 2030, growing at a CAGR of 4.2% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Ground Mounted Solar PV market.

Global Ground Mounted Solar PV Market - Key Trends & Drivers Summarized

Can Ground Mounted Solar PV Systems Dominate the Future of Utility-Scale Renewable Energy?

Ground-mounted solar photovoltaic (PV) systems are emerging as a leading solution for large-scale renewable energy generation, driven by global decarbonization initiatives and the falling costs of solar technology. Unlike rooftop solar panels, ground-mounted systems offer higher efficiency, easier maintenance, and scalability for utility-scale power plants. With governments worldwide implementing ambitious clean energy targets, investments in solar farms are increasing, particularly in regions with high solar potential such as the U.S., China, India, and the Middle East. Advancements in PV module efficiency, including bifacial and monocrystalline technologies, are further enhancing energy yields from ground-mounted installations. However, challenges such as land availability, permitting delays, and grid connectivity constraints remain key barriers. Despite these hurdles, the continued expansion of solar PV capacity is positioning ground-mounted installations as a critical component of the global energy transition.

How Are Bifacial and High-Efficiency Modules Transforming Ground Mounted Solar PV?

The adoption of bifacial solar modules and high-efficiency photovoltaic technologies is revolutionizing ground-mounted solar PV performance. Bifacial panels, which capture sunlight from both the front and rear surfaces, significantly improve energy output by utilizing reflected sunlight from the ground. Similarly, monocrystalline and PERC (Passivated Emitter and Rear Cell) technologies are increasing efficiency levels, enabling higher power generation from the same land area. Innovations in tracker-mounted PV systems, which optimize panel angles throughout the day, are further enhancing energy yields. While these advancements improve long-term return on investment (ROI), the initial costs of high-efficiency modules and advanced tracking systems pose challenges for developers. Nevertheless, as economies of scale drive down costs and efficiency improvements continue, the adoption of next-generation PV modules in ground-mounted systems is expected to accelerate.

Can Floating Solar PV and Agrivoltaics Complement Ground Mounted Solar Expansion?

With land constraints becoming a growing challenge for ground-mounted solar PV deployment, alternative solutions such as floating solar farms and agrivoltaics are gaining traction. Floating PV systems installed on reservoirs and water bodies help maximize land use while reducing water evaporation and improving panel cooling efficiency. Meanwhile, agrivoltaic systems integrate solar panels with agricultural activities, allowing land to be used for both energy generation and crop cultivation. These dual-purpose approaches are particularly relevant in densely populated regions where land availability is limited. However, regulatory hurdles, high installation costs, and technical integration challenges remain obstacles to widespread adoption. Despite these limitations, the complementary role of floating solar and agrivoltaics in expanding renewable energy capacity is expected to drive new innovations and investment in the sector.

What Is Driving the Growth of the Ground Mounted Solar PV Market?

The growth in the ground-mounted solar PV market is driven by several factors, including increasing government incentives for solar energy, advancements in high-efficiency PV modules, and the rising adoption of tracker-based solar farms. The declining cost of solar panels, combined with improved financing mechanisms, is making utility-scale solar more attractive to investors. The expansion of energy storage solutions, such as lithium-ion and flow batteries, is further enhancing the reliability of ground-mounted solar installations. Additionally, the push for hybrid renewable energy systems, integrating solar with wind and hydroelectric power, is creating new opportunities for large-scale solar projects. While challenges such as grid infrastructure limitations, land acquisition complexities, and regulatory uncertainties persist, the strong momentum toward carbon neutrality is expected to sustain the long-term growth of the ground-mounted solar PV market.

Report Scope

The report analyzes the Ground Mounted Solar PV market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments: Connectivity (On-Grid Connectivity, Off-Grid Connectivity); End-Use (Residential End-Use, Commercial & Industrial End-Use, Utility End-Use)

Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the On-Grid Connectivity segment, which is expected to reach US$96.4 Billion by 2030 with a CAGR of a 4.7%. The Off-Grid Connectivity segment is also set to grow at 2.7% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $28.3 Billion in 2024, and China, forecasted to grow at an impressive 7.7% CAGR to reach $27.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Ground Mounted Solar PV Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Ground Mounted Solar PV Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Ground Mounted Solar PV Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as ACME Solar, Adani Green Energy Limited, Azure Power, Canadian Solar Inc., First Solar, Inc. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 42 Featured):

• ACME Solar
• Adani Green Energy Limited
• Azure Power
• Canadian Solar Inc.
• First Solar, Inc.
• Hanwha Q CELLS
• Hero Future Energies
• JA Solar Technology Co., Ltd.
• Jakson Group
• JinkoSolar Holding Co., Ltd.
• LONGi Green Energy Technology Co., Ltd.
• Mahindra Susten
• NTPC Limited
• ReNew Power
• Risen Energy Co., Ltd.
• SunPower Corporation
• Tata Power Solar Systems Ltd.
• Trina Solar Limited
• Vikram Solar Limited
• Waaree Energies Ltd.

Tariff Impact Analysis: Key Insights for 2025

Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.

The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.

What’s Included in This Edition:

• Tariff-adjusted market forecasts by region and segment
• Analysis of cost and supply chain implications by sourcing and trade exposure
• Strategic insights into geographic shifts

Buyers receive a free July 2025 update with:

• Finalized tariff impacts and new trade agreement effects
• Updated projections reflecting global sourcing and cost shifts
• Expanded country-specific coverage across the industry