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Fixed Solar PV Mounting Systems Market Trends

Report ID: GMI9636
Published Date: May 2024
Report Format: PDF

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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.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of fixed solar PV mounting systems was reached USD 16 billion in 2023 and is anticipated to grow at 2.5% CAGR during 2024 to 2032, driven by declining costs of solar panels and supportive government policies.

The commercial & industrial application segment of the fixed solar PV mounting systems market held a decent share in 2023 and is set to witness more than 2.5% through 2032, owing to growing requirement to reduce electricity costs.

Europe fixed solar PV mounting systems market is set to exceed USD 6.1 billion by 2032 on account of favorable government policies and technological advancements.

AEROCOMPACT, Arctech, Clenergy, Convert Italia SPA, Esdec, K2 Systems GmbH, Mounting Systems, Schletter Group, and UNIRAC among others.