Solar PV Mounting Systems Market to Grow with a CAGR of 8.19% through 2028
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.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on "Global Solar PV Mounting Systems Market.”
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.
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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