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

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 reach USD 62.1 billion by 2034, growing at a CAGR of 4.9% from 2025 to 2034. Growing off-grid solar installations in emerging nations, along with heightened investments from both public and private sectors in renewable solutions, are set to boost the business landscape. Furthermore, continuous technological advancements aimed at boosting solar panel efficiency, combined with rising consumer demand for alternatives to traditional energy sources, will bolster the industry prospects.
 

Introduction of various new targets and policies by regulators has led to large scale installation of PV systems across the utility sector, thereby driving the demand for PV mounting systems.  According to PV magazine International, ? global solar energy adoption in 2024, experienced unprecedented growth, with 452 GW of new solar capacity added worldwide. Surging investments by the private participants along with the continuous decline in the component prices is set to contribute to the business scenario.
 

Respective authorities have introduced regulatory reforms including financial & asset leverage, subsidies, and various other financial tools which are set to complement the adoption of renewable solutions thereby positively impacting the business dynamics. For instance, the U.S. government in December 2020, passed an extension of Investment Tax Credit, which offers 26% tax credit for the solar units installed between 2020 and 2022.
 

The leading industry suppliers are also adopting bulk manufacturing practices along with the emphasis on viable product pricing to sustain a competitive edge in the global market. Moreover, in the last few years, inorganic growth ventures along with new product launches as per the geographic requirements are some of the other major strategies pursued by participants to gain an optimal market position. In September 2021, Arctech entered into an agreement to provide 2.1 GW of its solar tracker units along with SkySmart II inverters for the Al Dhafra PV2 solar project in Abu Dhabi.
 

Solar PV Mounting Systems Market Trends

• Increasing investments in grid expansion and the integration of rooftop system technologies, along with the attractive economics of utility scale installations, are set to enhance business prospects. For instance, the Indian government launched the Pradhan Mantri Surya Ghar Muft Bijli Yojana in February 2024, with an investment exceeding USD 873 Billion. Additionally, the low maintenance costs and the advantage of requiring no additional installation space will further drive the product demand.
   
• Legislation and mandates aimed at boosting green energy adoption coupled with the continuous evolution of innovative clean energy sources, are set to drive the industry demand. For citation, the UK government, through Great British Energy committed to funding the installation of solar panels on 200 schools and 200 National Health Service (NHS) sites over a 12-month period, to reduce energy bills and promote renewable energy, potentially saving each school approximately USD 32,290 annually and NHS sites up to USD 58,122. Additionally, as stringent mandates for solar PV system installations persist and component costs continue to decline, business expansion is likely to gain momentum.
   
• 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. Moreover, rising demand for power coupled with regulations favoring the development of sustainable energy resources is set to augment the product adoption. Furthermore, the growing installation of solar PV projects, coupled with the adoption of advanced technologies, is poised to shape business trends.
   

Solar PV Mounting Systems Market Analysis

• The solar PV mounting systems industry size was valued at USD 21.8 billion, USD35.7 billion and USD 38.4 billion in 2022, 2023 and 2024 respectively. Based on technology, the market is segmented into fixed and tracking.
   
• The fixed segment is anticipated to cross 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. In commercial spaces where rooftop area is often constrained, fixed systems provide an efficient and cost-effective solution. Moreover, key factors including simplicity, lower upfront cost, and ease of installation make them ideal for rooftops where space is limited, thereby augmenting the product demand.
   
• The tracking segment is set to grow at a CAGR of 6.5% through 2034 on account of key factors comprising declining component prices, leveraged installations, subsidies, and similar regulatory and industrial initiatives. In addition, integration of smart monitoring & control technologies along with favorable consumer tendencies will stimulate product adoption. In October 2021, Arctech launched its new horizontal-axis solar tracking system, SkyLine II. The product is designed with pentagonal torque tube, synchronous multi-point drive mechanism, standardized & modular design along with new-generation AI tracking algorithms, enabling real-time shading avoidance and more energy generation.
   

• Based on product, the solar PV mounting systems market is bifurcated into ground mounted and rooftop. The ground mounted segment accounted for 97.1% market share in 2024 and is anticipated to grow at over 4.5% CAGR till 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.
   
• The rooftop solar PV mounting systems will showcase 8.5% growth rate till 2034 on account of rapid residential establishments coupled with favorable regulatory norms pertaining to solar installations. Rising space constraints coupled with unavailability of large land areas to establish ground mounted systems is anticipated to enhance the product installation. In March 2021, Schletter Group introduced the ‘ProLine’ series, which is a pitched roof system utilized across the solar PV industry. Additionally, in the coming years, incentives including feed-in-tariffs along with rising energy demand across the off-grid residential and commercial establishments will sustainably drive the product deployment.
   

• The U.S. solar PV mounting systems market amounted to USD 2.3 billion, USD 3.7 billion and USD 3.9 billion in 2022, 2023 and 2024 respectively. North America accounted for 10.5% market share in 2024 owing to government initiatives, including investment subsidies and Feed-in Tariffs, combined with increasing financial resources, are set to reshape the industry dynamics.
   
• Growing installation of PV solar technology, driven by surging electricity demand, is poised to transform the business landscape. Furthermore, the rise of high-capacity, efficient power production systems, coupled with a heightened consumer emphasis on clean energy adoption, is set to propel industry growth.
   
• The Europe solar PV mounting systems market will cross more than USD 12.5 billion by 2034 owing to several European countries are also aggressively enhancing their clean energy share in the energy mix. A substantial surge in the number of private investors will promote the deployment of clean technologies including solar. In February 2022, Schletter Group completed solar PV system supply in the town of Bruz, France. The project is a 15.2 MWp PV plant, which will utilize the company’s mounting systems.
   
• Asia Pacific solar PV mounting systems market will grow at CAGR of 5.5% till 2034 on account of ongoing government measures to effectively cater to the growing electricity requirements. In addition, feed in Tariff, net-metering, self-consumption schemes, investment subsidies, and other similar reforms have further nourished the system demand exponentially. For instance, in January 2021, Trina Solar launched TrinaTracker Vanguard 600+, an innovation that has passed UL & TUV certifications and increased the energy efficiency of Trina Solar systems by 2-8%.
   
• Increasing regulatory focus to create high-capacity solar photovoltaic projects through public private partnership model is attracting significant investments across the Middle East solar industry. Growing awareness toward clean energy adoption coupled with rising environmental constraints has compelled regulators to divert their focus towards sustainable energy sources which will drive the market growth. In December 2021, the company received six new roof projects in Turkey. The company will provide its ‘SingleFix pitched roof system’ for the projects and generate an overall output of 34 MW through these units.
   
• Latin America will grow on account of fiscal incentives, investment tax credits and renewable energy grid policies. Furthermore, cost effectiveness, reliability, and higher lifespan when compared to other alternatives offers a competitive edge, thereby will enhance industry dynamics.
   

Solar PV Mounting Systems Market Share

• Top 5 players operating in the solar PV mounting systems industry include Mounting Systems, Clenergy, Versolsolar, and K2 systems contributing 35.5% of the market share. The competitive landscape in the solar PV mounting systems industry is shaped by several factors, including technological innovation, regional demand, pricing, and supply chain considerations.
   
• Several large and small companies dominate the solar PV mounting systems sector, providing a variety of solutions, such as ground-mounted, roof-mounted, and tracking systems. Companies are increasingly offering integrated systems that combine mounting with other hardware such as inverters and monitoring systems, aiming for faster, more streamlined 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
• Mounting Systems
• Nextracker
• Schletter Group
• SOLTEC
• SunPower Corporation
• UNIRAC
• Valmont Industries
• Versolsolar Hangzhou
• Xiamen Grace Solar New Energy Technology
   

Solar PV Mounting Systems Industry News:

• In November 2024, Valksolar systems introduced the ValkCableCare Support Block that fits various roof membranes, such as bitumen, PVC, EPDM, and TPO, and can accommodate multiple cable trays per support block. We recommend placing one support block per 1500 mm. The new design features a plastic sleeve with 3 mounting slots and smart positioners, improving installation ease and ensuring perpendicular alignment of cable trays. Further, with a wider surface and a weighted base, your installation remains securely in place, thereby widening its product portfolio.
   
• In May 2023, Gransolar successfully commissioned the Larks Green project, boasting a capacity of 49.9MWac / 71MWdc, in the UK for Enso Energy and Cero Generation. This initiative is set to bolster renewable energy efforts and enhance energy independence, especially in regions where electricity bills have surged threefold over the past two years. Furthermore, the solar power generated is seamlessly integrated into the national transmission grid, ensuring electricity reaches even the most remote areas. Such developments in utility-scale projects are poised to propel 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:

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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
• Asia Pacific
  • China
  • Australia
  • India
  • Japan
  • South Korea
• Middle East
  • Israel
  • Saudi Arabia
  • UAE
  • Jordan
  • Oman
• Africa
  • South Africa
  • Egypt
  • Algeria
  • Nigeria
  • Morocco
• Latin America
  • Brazil
  • Chile
  • Argentina
  • Peru