Ground Mounted Solar PV Mounting Systems Market Size - By Technology (Fixed, Tracking), By End-Use (Residential, Commercial & Industrial, Utility) & Forecast, 2024 – 2032

Ground Mounted Solar PV Mounting Systems Market Size

Ground Mounted Solar PV Mounting Systems Market was valued at USD 21.50 billion in 2023 and is projected to grow at over 3.6% CAGR from 2024 to 2032. The global market for solar PV mounting systems is expected to cross a valuation of USD 33.7 billion by 2032.
 

COVID-19 Impact

The COVID-19 outbreak has impacted owing to factory shutdowns, difficult working conditions, & supply chain disruption. It had a significant impact on the renewable power sector, especially solar PV, due to the suspension of manufacturing and construction activities. However, the resumption of commercial activity and the restoration of industrial operations, along with increased investments in the public & private sectors, will have a favorable impact on the industry growth.
 

Ground Mounted Solar PV Mounting Systems Market Trends

Growing concerns regarding climate change in line with decreasing energy storage cost will drive the ground mounted solar PV mounting systems market development. The system allows frictionless energy transfer, better ventilation, and efficient utilization of land which in turn will complement the industry statistics. Moreover, stringent carbon reduction policies along with rising demand for clean energy sources in residential and commercial sector will further escalate product penetration.
 

Ground Mounted Solar PV Mounting Systems Market Analysis

The fixed ground mounted solar PV mounting systems industry size is anticipated to witness 2.9% growth rate till 2032. Accommodation of large number of solar panels and reducing cost of components has made solar power more competitive with conventional energy sources which will drive product adoption. Technological advancements in solar PV modules, inverters, and mounting systems coupled with several environmental benefits, such as reducing greenhouse gas emissions, & conserving natural resources will augment the market scenario. Moreover, sustainability becoming a priority for individuals, businesses, and governments, the demand for clean energy solutions like ground-mounted solar PV systems continues to grow.

Commercial & industrial ground mounted solar PV mounting systems market will cross a valuation of USD 8.3 billion by 2032 due to its capability to offer large-scale solution for generating clean electricity, makes the product an attractive choice for utility-scale projects and large commercial installations. Additionally, favorable investments in private & public sectors for the development of green infrastructures will positively influence the business landscape. For instance, in June 2021, Mounting Systems built a solar carport park for the development of its Sigma Carport solution. With 90,000 bifacial solar modules on the parking lots, the project aims to reduce around 18 million kg of CO_2. Therefore, the company has significantly supported the industry dynamics.
 

Asia Pacific industry size is estimated to amass USD 10.5 billion by 2032. Growing research & development centers for the improvement of latest technologies along with favorable government incentives and policies to promote the espousal of solar energy will complement the business trends across the region. Furthermore, beneficial business expansions in line with continuous changes in economy associated to efficient power distribution throughout remote locations will positively impact the product demand.
 

Ground Mounted Solar PV Mounting Systems Market Share

Major players operating in the ground mounted solar pv mounting systems market includes:

• Versolsolar Hangzhou Co Ltd
• Clenergy
• SOLTEC
• Arctech
• Schletter Group
• UNIRAC
• K2 Systems GmbH
• Jinko Solar
• Mounting Systems
• Xiamen Grace Solar New Energy Technology Co Ltd
• GameChange Solar
• Gonvarri Industries
• ArcelorMittal
• Ideematec AG
• DPW Solar
• Aerocompact GmbH
• Nuevosol Energy Pvt. Ltd 
• ZIMMERMANN PV-Stahlbau
   

Ground Mounted Solar PV Mounting Systems Industry News

• In November 2022, GameChange Solar introduced MaxDensity, a novel fixed-tilt racking system that maximizes module density, while providing up to 98% ground coverage ratio. The product especially designed for ground mounted applications and can be fitted with blocks ranging from 7MWn to 12,000 modules. It supports all commercially available framed modules with easy installation. The launch of this new product positively established the strong presence of the company, thereby reinforcing its position across the industry.
   
• In March 2021, Mounting Systems supplied 2 post ground mount systems for a PV plant in Germany. The plant has 18 MWp electrical DC capacity. Sigma II system was modified to accommodate a module tilt of 17°, and 40.320 PV modules were mounted using module clamps. The project development has supported the company in showcasing its portfolio and maintaining a strong position across ground mounted solar PV mounting systems industry.
   

This ground mounted solar PV mounting systems market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘USD Million’ from 2023 to 2032 for the following segments:

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Market, By Technology

• Fixed
• Tracking

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
  • Switzerland
  • Spain
  • Sweden
  • UK
  • Netherlands
  • Poland
  • Belgium
  • Ireland
  • Baltics
  • Portugal
• Asia Pacific
  • China
  • Australia
  • India
  • Japan
  • South Korea
  • Thailand
  • Philippines
  • Vietnam
  • Malaysia
  • Singapore
• Middle East
  • Israel
  • Saudi Arabia
  • UAE
  • Jordan
  • Oman
  • Kuwait
  • Turkey
• Africa
  • South Africa
  • Egypt
  • Algeria
  • Nigeria
  • Morocco
• Latin America
  • Brazil
  • Chile
  • Argentina
  • Peru