Commercial & Industrial Solar PV Mounting Systems Market Analysis

Commercial & Industrial Solar PV Mounting Systems Market Analysis

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Based on technology, the fixed segment is anticipated to cross more than USD 4.5 billion by 2032, owing to their lower price index along with large scale initial deployment across utilities. They are a combination of both steel and aluminum racks utilized for the installation of PV modules. Surging installation of modules across the residential and commercial customers are installed with fixed mounting systems because of the low cost and less power requirement. In addition to their cost effectiveness, they are also a viable option where geographical and sitting constraints are the key issues for plant development, leading to product demand.
 

Based on product, the ground mounted segment is anticipated to grow more than CAGR 4.5% through 2032. Soaring investments to create a sustainable energy mix across industries will promote the ground mounted solar mounting systems installation significantly. Associated cost benefits, and availability of green loans for ground mounted systems will further lay comprehensive grounds for product deployment. In addition, supportive regulatory policies and initiatives including the Feed in Tariff program, Power Purchase Agreements and other regulatory initiatives will further propel business growth in the forthcoming years.
 

Asia Pacific commercial & industrial solar PV mounting systems market is set to reach more than USD 2.1 billion by 2032. Increasing consumer awareness toward energy conservation coupled with growing demand for solar heating systems will further supplement the industry outlook. The regulatory shift toward substituting existing conventional power generation technologies with clean renewable systems will stimulate the business landscape. Ongoing government measures to effectively cater to the growing electricity requirements is set to augment the deployment of sustainable power technologies including solar PV across the region. In addition, feed in Tariff, net-metering, self-consumption schemes, investment subsidies, and other similar reforms have further nourished the system demand exponentially.