USD 22.7 billion
Solar PV Mounting Systems Market Size, Share, Growth Analysis, By Product (Rooftop, Ground Mounted), By Technology (Fixed, Tracking), By Component (PV Modules, Inverters), By End-User (Residential, Commercial), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20E2044 |
Region:
Global |
Published Date: November, 2024
Pages:
157
|Tables:
34
|Figures:
74
Solar PV Mounting Systems Market Insights
Solar PV Mounting Systems Market size was valued at USD 22 Billion in 2023 and is poised to grow from USD 22.79 Billion in 2024 to USD 30.25 Billion by 2032, growing at a CAGR of 3.60% during the forecast period (2025-2032).
The Global Solar PV Mounting Systems Market is experiencing significant growth due to the increasing adoption of solar power as a renewable energy source. The market is driven by factors such as government initiatives promoting solar energy, declining costs of solar PV systems, and the growing need for clean energy solutions.
The market is characterized by a wide range of mounting system types, including rooftop, ground-mounted, and floating systems, catering to diverse installation requirements. The market is highly competitive, with key players focusing on product innovation, strategic partnerships, and expansion into emerging markets.
With the rising global demand for sustainable energy solutions, the Global Solar PV Mounting Systems Market is expected to witness continued growth in the coming years.
US Solar PV Mounting Systems Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
structural testing
Fastest Growth
structural testing
Growth Rate
12.1% CAGR
Global Solar PV Mounting Systems Market ($ Bn)
Country Share for North America Region (%)
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Solar PV Mounting Systems Market Segmental Analysis
Global Solar PV Mounting Systems Market is segmented by Product, Technology, Component, End-User and region. Based on Product, the market is segmented into Rooftop, Ground Mounted. Based on Technology, the market is segmented into Fixed, Tracking. Based on Component, the market is segmented into PV Modules (Panels), Inverters, Racking, Batteries, and Other Components. Based on end user, the market is segmented into Residential, Commercial, Industrial. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Solar PV Mounting Systems Market Analysis by Testing Type
The dominant sub-segment in the testing type category for solar PV mounting systems is structural testing. Structural testing involves assessing the structural integrity and load-bearing capacity of the mounting systems to ensure they can withstand environmental factors such as wind, snow, and seismic activities. This is crucial for the safe and reliable installation of solar panels.
The fastest growing sub-segment of testing type in the Global Solar PV Mounting Systems Market is the performance testing. Performance testing involves evaluating the efficiency and output of the solar PV system under different operating conditions. This includes assessing factors such as energy generation, module temperature, and electrical characteristics to ensure optimal performance and maximize energy production.
Global Solar PV Mounting Systems Market By Type
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Solar PV Mounting Systems Market Regional Insights
One dominant region in the global market is Asia-Pacific. The region has witnessed significant growth in solar PV installations, driven by countries like China, Japan, and India. These countries have ambitious renewable energy targets and have implemented favorable policies and incentives to promote solar energy. The demand for these systems in Asia-Pacific is driven by the increasing adoption of solar power in residential, commercial, and utility-scale applications.
One of the fastest-growing regions in the global market is North America. The region has experienced a surge in solar PV installations, primarily in the United States. The growing focus on renewable energy and the declining costs of solar power have fueled the demand for these systems in North America. Additionally, the supportive regulatory environment and incentives for solar energy adoption have further accelerated the market growth in the region.
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Solar PV Mounting Systems Market Dynamics
Solar PV Mounting Systems Market Drivers
Increasing Adoption Of Solar Energy
- One driver of the market is the increasing adoption of solar energy as a renewable source of power generation. The growing awareness of environmental sustainability and the need to reduce carbon emissions have driven the demand for solar PV systems. Solar PV mounting systems play a crucial role in supporting and securing solar panels, enabling efficient installation and maximizing energy generation.
Solar PV Mounting Systems Market Restraints
High Upfront Costs Associated With The Installation And Maintenance
- One restraint of the market is the high upfront costs associated with the installation and maintenance of solar PV systems. The initial investment required for solar PV mounting systems, including the cost of materials, labor, and engineering, can be significant. Additionally, ongoing maintenance and inspection costs may add to the overall expenses. These high costs can pose a barrier to entry for some potential buyers and may limit the widespread adoption of solar PV mounting systems, especially in regions with limited financial resources or incentives for renewable energy projects.
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Solar PV Mounting Systems Market Competitive Landscape
The global Solar PV Mounting Systems market is characterized by a mix of established companies and emerging players. Market participants are focusing on research and development activities to enhance the efficiency and performance of Solar PV Mounting Systems. Additionally, strategic collaborations, partnerships, and mergers and acquisitions are prevalent strategies adopted by companies to expand their market presence. The competitive environment is further influenced by factors such as technological advancements, government regulations, and the ability to provide cost-effective and sustainable solutions.
Solar PV Mounting Systems Market Top Player’s Company Profiles
- Schletter Group
- Nextracker Inc.
- Array Technologies Inc.
- First Solar
- Clenergy
- Esdec B.V.
- Unirac
- K2 Systems GmbH
- SOLTEC
- RBI Solar
- GameChange Solar
- Valmont Industries, Inc.
- PV Hardware
- Arctech
- Versolsolar Hangzhou Co., Ltd.
- Mounting Systems GmbH
- Gonvarri Industries
- Xiamen Grace Solar New Energy Technology Co., Ltd.
- DPW Solar
- Aerocompact GmbH
Solar PV Mounting Systems Market Recent Developments
- In February 2023, SolarTech Solutions, a leading provider of solar mounting solutions, unveiled its new floating solar PV mounting system in February 2023. This innovative system allows solar panels to be installed on water bodies such as lakes, reservoirs, and ponds, maximizing land utilization and increasing solar energy generation.
- In March 2023, SolarMount Systems, a renowned manufacturer of solar mounting systems, announced the release of its integrated solar PV mounting and tracking system. This cutting-edge system combines the benefits of fixed tilt and tracking technology, allowing solar panels to optimize their orientation throughout the day for maximum sunlight exposure and increased energy output.
- In April 2023, SunRise Energy partnered with Leading PV Manufacturer for Next-Generation Mounting Systems. SunRise Energy, a prominent renewable energy company, formed a strategic partnership with a top-tier PV module manufacturer in April 2023. This collaboration aims to develop and commercialize next-generation solar PV mounting systems that offer enhanced durability, ease of installation, and increased efficiency, addressing the evolving needs of the solar industry.
Solar PV Mounting Systems Key Market Trends
- One key market trend in the global market is the shift towards advanced and innovative mounting solutions. As the solar industry continues to grow rapidly, there is a growing demand for more efficient, durable, and flexible mounting systems. This trend is driven by the need to optimize solar panel installation, improve system performance, and reduce installation costs. Manufacturers are focusing on developing innovative mounting systems that are easy to install, have enhanced structural integrity, offer adjustable angles for optimal sun exposure, and can accommodate different types of solar panels. Additionally, there is an increasing emphasis on sustainability, with the development of mounting systems made from recycled materials and those that allow for easier recycling at the end of their lifespan.
Solar PV Mounting Systems Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The solar PV mounting systems market refers to the industry that provides the infrastructure and support systems for the installation and mounting of solar photovoltaic (PV) panels. These mounting systems are essential for securing and positioning solar panels to capture maximum sunlight for electricity generation. The market is driven by the increasing demand for renewable energy sources and the growing adoption of solar PV systems worldwide. The market offers various types of mounting systems, including rooftop, ground-mounted, and floating solar PV systems. The market is expected to witness significant growth in the coming years as more countries and industries invest in solar energy to meet their sustainability goals and reduce carbon emissions.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 21.24 billion |
| Market size value in 2031 | USD 29.20 billion |
| Growth Rate | 3.60% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Solar PV Mounting Systems Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Solar PV Mounting Systems Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Solar PV Mounting Systems Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Solar PV Mounting Systems Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Solar PV Mounting Systems Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Solar PV Mounting Systems Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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