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Ground Mounted Solar PV Mounting Systems Market Size

Report ID: GMI5920
Published Date: Jun 2023
Report Format: PDF

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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.

Ground Mounted Solar PV Mounting Systems Market

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Ground Mounted Solar PV Mounting Systems Market Report Attributes
Report Attribute	Details
Base Year:	2023
Ground Mounted Solar PV Mounting Systems Market Size in 2023:	USD 21.50 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	3.6%
2032 Value Projection:	USD 29.8 Billion
Historical Data for:	2019 - 2023
No. of Pages:	150
Tables, Charts & Figures:	542
Segments covered:	Technology, End-Use, Region
Growth Drivers:	Rising requirements for traditional fuel substitution Growing investments in utility-scale infrastructure Declining equipment cost
Pitfalls & Challenges:	Availability of other sustainable alternatives

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Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of ground mounted solar PV mounting systems was worth USD 21.50 billion in 2023 and will expand at 3.6% CAGR during 2024 to 2032 driven by the rising global concerns about climate change and the surging need for clean energy sources.

Fixed ground mounted solar PV mounting systems industry is set to attain 2.9% gains between 2023 and 2032 attributed to the growing demand for clean energy solutions.

Asia Pacific industry size is estimated to surpass USD 10.5 billion by 2032 backed by the growing number of R&D centers for the improvement of the latest technologies.

Some of the leading companies in the ground mounted solar PV mounting systems sector are Versolsolar Hangzhou Co., Ltd., Clenergy, SOLTEC, Arctech, Schletter Group, UNIRAC, K2 Systems GmbH, Jinko Solar, Mounting Systems, and Xiamen Grace Solar New Energy Technology Co., Ltd.