Solar PV Mounting Systems Market Size, Share, Growth Analysis, By Testing Type(structural testing and performance testing), By Region - Industry Forecast 2024-2031

Solar PV Mounting Systems Market size was valued at USD 21.24 billion in 2022 and is poised to grow from USD 22.00 billion in 2023 to USD 29.20 billion by 2031, growing at a CAGR of 3.60% in the forecast period (2024-2031).

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. 'Renusol GmbH (Germany)', 'Schletter Group (Germany)', 'UNIRAC, Inc. (United States)', 'Clenergy (China)', 'K2 Systems GmbH (Germany)', 'Xiamen Grace Solar Technology Co., Ltd. (China)', 'RBI Solar Inc. (United States)', 'Quick Mount PV (United States)', 'Nuevosol Energy Pvt. Ltd. (India)', 'Esdec BV (Netherlands)', 'Mounting Systems GmbH (Germany)', 'Van der Valk Solar Systems (Netherlands)', 'IronRidge, Inc. (United States)', 'Landpower Solar Technology Co., Ltd. (China)', 'Renogy (United States)', 'Gantner Instruments Environment Solutions GmbH (Germany)', 'S:FLEX GmbH (Germany)', 'Nclave Renewable S.L. (Spain)', 'OMCO Solar (United States)', 'EcoFasten Solar (United States)'

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.

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.

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.