Solar PV Mounting Systems Market Analysis, Size, Share, Growth, Trends, and Forecast by 2031

The Solar PV Mounting Systems Market is expected to register a CAGR of 8% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.

The report is segmented by Product (Rooftop, Ground mounted). The report further presents an analysis based on Technology (Fixed, Tracking) and End User (Residential, Commercial, Utility) . The global analysis is further broken down at the regional level and major countries. The Report Offers the Value in US$ for the above analysis and segments.

Purpose of the Report

The report Solar PV Mounting Systems Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

• Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
• Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
• Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Solar PV Mounting Systems Market Segmentation

Product

• Rooftop
• Ground mounted

Technology

• Fixed
• Tracking

End User

• Residential
• Commercial
• Utility

Geography

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Geography

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

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Solar PV Mounting Systems Market Growth Drivers

• Popularity of Renewable Energy: The need for renewable energy globally, mainly due to the surge in energy prices and awareness about climate change-related issues, boosts demand for the market.
• Upgrades in Technology: Technological advancements made on high-efficiency solar PV modules at low costs make solar power more feasible to be adopted economically, and therefore act as a growth driver.
• Government Incentives and Subsidies: Government policies promoting renewable energy, such as tax credits and subsidies, stimulate market growth.

Solar PV Mounting Systems Market Future Trends

• Bifaciality: Bifaciality is on the upswing wherein electricity-generating modules are on both sides. The Hinging Mounting System for such modules should be designed to optimize energy capture from both surfaces. Flexible solar modules, which are increasingly popular and nowadays applied in BIPV projects, require a lightweight and flexible system in mounting. An increase in the efficiency of solar monitoring systems for single-axis and dual-axis tracking will emerge, increasing demand for mounting structures that can adapt to these systems.
• Assembled Mounting: The assembly of modules and pre-assembled mounting structures will be made easier and cheaper. Thus, it will be expected that the energy storage systems integrated with the solar PV components shall require a robust yet flexible mounting solution that will support the assembly together in one location.
• Integration with Building-Integrated Photovoltaics (BIPV): BIPV systems, which integrate solar cells into building materials, will become more common.

Solar PV Mounting Systems Market Opportunities

• Government Policies: Positive government policies and incentives via tax credits and subsidies have accelerated the momentum toward high adoption levels of solar PV, thus driving the demand for mounting solutions.
• Increasing Rooftop Installations: As rooftop installations have been on the rising trend, particularly in urban cities, avenues are opened to apply innovative mounting solutions that are otherwise space-efficient.
• Commercial and Industrial Solar: Large-scale solar projects on commercial and industrial rooftops and ground-mounted systems will drive market expansion.

Solar PV Mounting Systems Market Regional Insights

The regional trends and factors influencing the Solar PV Mounting Systems Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Solar PV Mounting Systems Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Solar PV Mounting Systems Market Report Scope

Solar PV Mounting Systems Market Players Density: Understanding Its Impact on Business Dynamics

The Solar PV Mounting Systems Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Solar PV Mounting Systems Market are:

1. Esdec BV
2. First Solar
3. IBC SOLAR AG
4. K2 Systems GmbH
5. Mounting Systems GmbH

Disclaimer: The companies listed above are not ranked in any particular order.

Key Selling Points

• Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Solar PV Mounting Systems Market, providing a holistic landscape.
• Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
• Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
• Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

The research report on the Solar PV Mounting Systems Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.