Home > Energy & Power > Electrical Equipment > Solar Parts and Components > North America Ground Mounted Solar PV Mounting Systems Market
North America Ground Mounted Solar PV Mounting Systems Market Size
- Report ID: GMI8783
- Published Date: Apr 2024
- Report Format: PDF
North America Ground Mounted Solar PV Mounting Systems Market Size
North America Ground Mounted Solar PV Mounting Systems Market was valued at USD 3.5 billion in 2023 and is anticipated to grow at a CAGR of 5.6% from 2024 to 2032. Ground-mounted solar PV mounting systems are structures used to securely install solar panels on the ground, typically in open areas including fields, vacant land, or commercial properties. These mounting systems provide a stable foundation for solar panels, allowing them to be angled optimally to capture sunlight for electricity generation. It can vary in design and configuration but generally consist of support structures, such as metal or concrete foundations, racks, and frames, which hold the solar panels in place.
Growing demand for clean and renewable energy sources coupled with declining costs of solar technology will sway the business statistics. Upsurge in advancement of solar technology, manufacturing processes aligned with increasing government incentives, subsidies, and favorable regulatory frameworks will foster the industry dynamics.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| North America Ground Mounted Solar PV Mounting Systems Market Size in 2023: | USD 3.5 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 5.6% |
| 2032 Value Projection: | USD 5.6 Billion |
| Historical Data for: | 2019 - 2023 |
| No. of Pages: | 75 |
| Tables, Charts & Figures: | 120 |
| Segments covered: | Technology, End-Use and Country |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
North America Ground Mounted Solar PV Mounting Systems Market Scope
