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North America Ground Mounted Solar PV Mounting Systems Market Trends

Report ID: GMI8783
Published Date: Apr 2024
Report Format: PDF

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North America Ground Mounted Solar PV Mounting Systems Market Trends

Rising installation of solar PV for electricity generation coupled with escalating investments in clean energy infrastructure to build a resilient and sustainable economy will drive the business scenario. Moreover, gaining momentum of decentralized and resilient energy solution in line with expansion of utility scale solar projects will enhance the product demand.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of North America ground mounted solar PV mounting systems was reached USD 3.5 billion in 2023 and is anticipated to grow at a 5.6% CAGR up to 2032, owing to the growing demand for clean and renewable energy sources coupled with declining costs of solar technology.

North America utility ground mounted solar PV mounting systems market is set to grow at more than 5% CAGR up to 2032, attributed to rising investments in grid modernization and resilience initiatives to improve the reliability and stability of the electric grid.

U.S. ground mounted solar PV mounting systems market is projected to surpass USD 5 billion by 2032, favored by environmental awareness, energy cost savings, and equitable access to renewable energy along with growing R&D initiatives to improve performance.

Ameresco, Inc., Arctech, Cantsink, Clenergy, GameChange Solar, Jinko Solar, Polar Racking, Schletter Group, SOLTEC and UNIRAC