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Commercial & Industrial Solar PV Mounting Systems Market Trends

Report ID: GMI11440
Published Date: Sep 2024
Report Format: PDF

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Commercial & Industrial Solar PV Mounting Systems Market Trends

Ongoing efforts toward energy efficiency and its conservation across urban and suburban consumers have accelerated the deployment of solar PV mounting structure across residential premises. Rapid urbanization and industrialization along with several government-assisted renewable reforms and subsidies for households will further accelerate the technology deployment significantly. The industry is observing strong regulatory and financial support from the respective governments toward the establishment and promotion of rooftop solar systems across residential premises. In addition, declining technology prices, primarily driven by economies of scale and upsurging global competition will raise the technology dynamics globally.

Authors: Ankit Gupta , Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of commercial & industrial solar PV mounting systems was valued at USD 4.4 billion in 2023 and is anticipated to grow at a CAGR of 5.1% from 2024 to 2032, driven by regulatory reforms, such as financial and asset leverage, subsidies, and large-scale deployment of clean energy.

The ground mounted segment is expected to grow at a CAGR of 4.5% through 2032, driven by sustainable energy investments and green loans supporting large-scale deployments.

The Asia Pacific market for commercial & industrial solar PV mounting systems is set to reach more than USD 2.1 billion by 2032, supported by increasing consumer awareness of energy conservation and government initiatives promoting renewable energy technologies.

Major companies in the industry include Arctech, Array Technologies, Clenergy, First Solar, Nextracker, SunPower Corporation, SOLTEC, Schletter Group, UNIRAC, and Versolsolar Hangzhou.