Solar PV Mounting Systems Market Size - By Technology (Fixed, Tracking), By Product (Ground Mounted, Roof-Top), By End-Use (Residential, Commercial & Industrial, Utility), & Forecast, 2025 – 2034

Report ID: GMI1647
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Published Date: November 2024
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Report Format: PDF

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Solar PV Mounting Systems Market Size

The global solar PV mounting systems market was valued at USD 38.4 Billion in 2024 and is estimated to grow at a CAGR of 4.9% from 2025 to 2034. It refers to the combination of equipment and construction elements that are used for the appropriate and firm mounting of solar panels on roofs, bodies of land, or other surfaces to ensure adequate exposure to sunlight. These systems are created with the intention that solar panels will be left in that position for their entire operational life which is expected to range anywhere between twenty-five and thirty years or more.
 

Solar PV Mounting Systems Market

The increasing installation of off-grid solar energy systems in developing countries, and likely greater spending by both the public and private sectors in new power solutions, will improve the business outlook. In addition, the trends of improving the efficiency of solar panels, as well as the growing need for solar energy instead of other traditional sources of energy, will enhance the market opportunities.

Increasing grid expansion investments and integrating rooftop system technologies with the attractive economics of utility scale installations will drive industry growth. The low maintenance costs along with the competitive advantage of no supplementary installation space will further increase business opportunities. There are also legal requirements and other national directives which will increase the adoption of clean energy as well as development and marketing of new and innovative environmentally friendly energy sources. Increasing adoption of solar PV system installation mandates along with decreasing components prices will contribute to business expansion.
 

Solar PV Mounting Systems Market Trends

Increasing technological advancements along with growing consumer preference for solar PV systems owing to reduced electricity costs, are bolstering the industry outlook. Supportive government initiatives for solar adoption combined with declining costs of solar PV mounting system components, are poised to drive the market growth. In addition, there is an increase in the use of the product owing to the greater requirement for energy and the policies designed to promote the creation of clean energy sources. Also, the increased deployment of solar PV projects, as well as modern technology adoption, is likely to drive business scenario.
 

Solar PV Mounting Systems Market Analysis

Solar PV Mounting Systems Market Size, By Technology, 2022-2034 (USD Billion)

Based on technology, the fixed segment is anticipated to reach over USD 46.5 billion by 2034, owing to simplicity, cost-effectiveness, and reliability, particularly in certain applications like residential and commercial rooftop installations, as well as in some ground-mounted setups. Fixed systems are an efficient and cost effective solution when it comes to commercial spaces that are often limited in rooftop area. In addition these systems are easy to install, have a lower upfront cost than other systems, and are simpler making them perfect for space constrained rooftops which further augments the product demand.
 

Solar PV Mounting Systems Market Share, By Product, 2024

Based on product, the solar PV mounting systems market from ground mounted segment is anticipated to grow at over CAGR 4.5% through 2034, bolstered by improved energy output, simplified maintenance, and extended panel longevity. Key factors including reduced costs and the accessibility of green loans for ground-mounted systems combined with government regulations like feed-in tariffs and power purchase agreements, are set to further boost the business dynamics. Furthermore, the integration of smart monitoring and control technologies, alongside positive consumer trends, will drive the product adoption.
 

U.S. Solar PV Mounting Systems Market Size, 2022-2034 (USD Billion)

The U.S. solar PV mounting systems market is likely to exceed USD 5.5 billion by 2034. Efforts taken by the government like investment grants and feed-in tariffs, along with an increase in financial means, are going to change the competitiveness within the industry. There is an increasing installation of PV solar technology due to the surging demand for electricity which is expected to change the industry. In addition, the industry growth is expected to increase further with the emergence of efficient advanced power generation systems and the increasing focus by customers on clean energy utilization.
 

Solar PV Mounting Systems Market Share

The market of solar PV mounting systems is impacted by several elements, such as adoption of new technologies, regional consumption, price, and supply. There are many big and small corporate players in the market that offer numerous alternatives including ground, roof, and tracking mounted systems. There is an observable shift towards the package integration of mounting with other equipment such as inverters and monitoring systems for easier and quicker installations.
 

Solar PV Mounting Systems Market Companies

Eminent players operating in the Solar PV Mounting Systems industry are:

  • Arctech
  • Array Technologies
  • Clenergy
  • First Solar
  • Jinko Solar
  • K2 Systems GmbH
  • Mounting Systems
  • Nextracker Inc
  • Schletter Group
  • SOLTEC
  • SunPower Corporation
  • UNIRAC
  • Valmont Industries, Inc
  • Versolsolar Hangzhou Co., Ltd.
  • Xiamen Grace Solar New Energy Technology Co., Ltd.
     

Solar PV Mounting Systems Industry News:

  • Gransolar, announced in May 2023, they completed the 49.9MW UK Larks Green project for Enso Energy and Cero Generation, which is expected to increase renewable energy efforts as well as energy independence in the UK. The solar generated power is injected into the national transmission grid's most remote parts of the country, so every corner of the country has access to this energy source. Such developments in utility scale projects are bound to stimulate the industry growth.
     
  • In April 2023, Antaisolar collaborated with UOB Thailand to become solar mounting system supplier of UOB’s U-Solar 2.0 program. This program aims to gather end to end support all over the supply chain to thrive solar market across Southeast Asia (SEA). Antaisolar's cumulative solar racking system shipments in SEA have reached 3,080 MW. This initiative and collaborations will enhance the green energy transition while reducing the access cost, thereby it will fuel the product adoption.
     

This solar PV mounting systems market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in “USD Million” from 2021 to 2034, for the following segments:

Market, By Technology

  • Fixed
  • Tracking

Market, By Product

  • Ground Mounted
  • Rooftop

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

 

Authors: Ankit Gupta, Srishti Agarwal
Frequently Asked Question(FAQ) :
Who are the major players in the solar PV mounting systems market?
Key players in the industry include Arctech, Array Technologies, Clenergy, First Solar, Jinko Solar, K2 Systems GmbH, Mounting Systems, Nextracker Inc, Schletter Group, SOLTEC, SunPower Corporation, UNIRAC, Valmont Industries, Inc, Versolsolar Hangzhou Co., Ltd., and Xiamen Grace Solar New Energy Technology Co., Ltd.
What trends are influencing the U.S. solar PV mounting systems market growth?
What is the growth rate of the ground-mounted segment in the solar PV mounting systems market?
Why is the fixed segment in solar PV mounting systems growing?
How big is the solar PV mounting systems market?
Solar PV Mounting Systems Market Scope
  • Solar PV Mounting Systems Market Size
  • Solar PV Mounting Systems Market Trends
  • Solar PV Mounting Systems Market Analysis
  • Solar PV Mounting Systems Market Share
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    Base Year: 2024

    Companies covered: 15

    Tables & Figures: 15

    Countries covered: 46

    Pages: 100

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