Fixed Solar PV Mounting Systems Market Size - By Product (Ground Mounted, Roof-Top), By End-Use (Residential, Commercial & Industrial, Utility), Regional Outlook & Forecast, 2024 – 2032

Fixed Solar PV Mounting Systems Market Size

Fixed Solar PV Mounting Systems Market was valued at USD 16 billion in 2023 and is anticipated to grow at a CAGR of 2.5% from 2024 to 2032. A solar PV (photovoltaic) mounting system is a structural framework used to securely fix solar panels to various surfaces, such as rooftops, ground, or poles. The primary purpose of the mounting system is to ensure that the solar panels are positioned correctly for optimal solar energy absorption, considering factors comprising the angle of inclination, orientation, and environmental conditions.
 

Surge in residential installations, driven by declining costs of solar panels and supportive government policies coupled with increasingly opting for rooftop mounting systems due to their relatively straightforward installation and ability to offset electricity costs will stimulate the industry dynamics. In addition, commercial rooftops and parking structures are popular locations for fixed solar PV installations, augmenting the product penetration.
 

Advancements in manufacturing, economies of scale and decrease in the cost of solar panels and related hardware, will make solar PV systems more affordable, which will positively impact the industry statistics. Technological improvements in solar panel efficiency have made fixed mounting systems more attractive, as they can generate more electricity from the same amount of sunlight will drive the business scenario.
 

Fixed Solar PV Mounting Systems Market Trends

National and regional renewable energy targets and mandates along with setting up of ambitious goals to increase the share of renewable energy in their energy mix will drive the adoption of solar PV systems. Many governments offer tax credits, rebates, and subsidies comprising net metering allows solar PV system owners to sell excess electricity back to the grid, thereby enhancing the financial viability of these systems. Additionally, fixed solar PV systems are becoming a common sight in urban areas, primarily on residential and commercial rooftops will influence the business statistics.

Fixed Solar PV Mounting Systems Market Analysis

Based on product, the ground mounted solar PV mounting systems market is anticipated to cross more than USD 22.5 billion by 2032. Ground mounted systems are the preferred choice for utility-scale solar farms owing to the availability of large tracts of land which can generate significant amounts of electricity, contributing to the grid and helping to meet renewable energy targets. Moreover, large-scale installations benefit from economies of scale, reducing the cost per watt of electricity generated, making ground-mounted systems cost-effective for utilities and large energy consumers, which will positively impact the technology adoption.
 

Based on end use, the commercial & industrial sector is set to grow more than 2.5% CAGR through 2032, owing to growing requirement to reduce electricity costs. Solar power can significantly lower energy bills, especially in regions with high electricity rates. Many businesses are leveraging PPAs, which allow them to install solar PV systems with little to no upfront cost. Various leasing and financing options making it easier for C&I establishments to adopt solar without significant initial capital expenditure which will boost the industry statistics.
 

Europe fixed solar PV mounting systems market is likely to exceed USD 6.1 billion by 2032 on account of favorable government policies, technological advancements, and increasing awareness of the use of renewable energy. Several European countries have implemented feed-in tariffs, guaranteeing a fixed premium price for solar energy fed into the grid, encouraging both residential and commercial investments in solar PV, driving the business scenario. In addition, subsidies and grants to reduce the initial investment cost and increasing targets for renewable energy usage, will stimulate the industry trend.
 

The U.S. fixed solar PV mounting systems market will grow owing to supportive government policies, economic incentives, technological advancements, and increasing environmental consciousness. Innovations in mounting system materials and designs have enhanced the durability and reliability of fixed solar PV installations, ensuring long-term performance with minimal maintenance will complement the industry scenario.
 

Fixed Solar PV Mounting Systems Market Share

Growing popularity of bifacial solar panels has led mounting system manufacturers to develop solutions that optimize the performance of these panels. Strategic partnerships, acquisition and mergers among the leading players along with extensive development of projects through closed collaborations will sway the business scenario. Companies are expanding into emerging markets in Asia, Africa, and Latin America, where solar energy adoption is rapidly increasing. Additionally, the players are exploring recyclable and low carbon footprint materials to enhance the environmental benefits of solar installations.

Fixed Solar PV Mounting Systems Market Companies

Eminent players operating in the fixed solar PV mounting Systems industry are:

• AEROCOMPACT
• Arctech
• Clenergy
• Convert Italia SPA
• Esdec
• K2 Systems GmbH
• Mounting Systems
• Schletter Group
• UNIRAC
• Versolsolar Hangzhou Co., Ltd.
• Xiamen Grace Solar New Energy Technology Co., Ltd.
   

Fixed Solar PV Mounting Systems Industry News

• In March 2024, Clenergy was recognized as the leading solar mounting manufacturer in Australia. It recognizes the company’s unwavering commitment toward innovation, excellence, and providing customer satisfaction. Further, this accounts the company’s cutting-edge solar mounting solutions along with its focus on sustainability, reliability, and performance.
   
• In September 2023, Versolsolar won the bid for many large PV mounting projects in China and other surrounding places. The projects include Tibet Huadian Changdu Mangkang Angduo PV power generation project, PIC Guizhou Weining County Hella Haiyuan agricultural PV power station project and SPIC Dongchuan Ecological Management and Restoration PV Project in Kunming City.
   

This fixed solar PV mounting systems market research report includes an in-depth coverage of the industry with estimates & forecast in terms of volume and revenue in “USD Million & MW” from 2021 to 2032, for the following segments:

Click here to Buy Section of this Report

Market, By Product

• Ground Mounted
• Roof Top

Market, By End Use

• Residential
• Commercial & Industrial
• Utility

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Austria
  • Norway
  • Denmark
  • Finland
  • France
  • Germany
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
• Middle East
  • Israel
  • Saudi Arabia
  • UAE
  • Jordan
  • Oman
  • Kuwait
  • Turkey
• Africa
  • South Africa
  • Egypt
  • Algeria
  • Nigeria
  • Morocco
• Latin America
  • Brazil
  • Chile
  • Argentina
  • Peru