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Solar PV Mounting Systems Market Size

Report ID: GMI1647
Published Date: Nov 2024
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 hardware and structural components used to securely attach and position solar panels to a roof, the ground, or other surfaces in a way that maximizes their exposure to sunlight. These systems are designed to support solar panels in place for the duration of their operational life, which can span 25-30 years or more.

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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.

Solar PV Mounting Systems Market Report Attributes
Report Attribute	Details
Base Year:	2024
Solar PV Mounting Systems Market Size in 2024:	USD 38.4 Billion
Forecast Period:	2025 to 2034
Forecast Period 2025 to 2034 CAGR:	4.9%
2034 Value Projection:	USD 62.1 Billion
Historical Data for:	2021 - 2023
No. of Pages:	100
Tables, Charts & Figures:	15
Segments covered:	Technology, Product, End Use and Region
Growth Drivers:	Growing demand for conventional energy replacement Favorable clean energy directives Stringent targets for solar PV system installations
Pitfalls & Challenges:	Availability of other alternatives

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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. 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. Additionally, as stringent mandates for solar PV system installations persist and component costs continue to decline, business expansion is likely to gain momentum.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The global market for solar PV mounting systems was reached USD 38.4 billion in 2024 and is estimated to grow at a 4.9% CAGR from 2025 to 2034, driven by rising demand for alternatives to conventional energy.

The fixed segment is anticipated to exceed USD 46.5 billion by 2034, due to its simplicity, cost-effectiveness, and reliability, particularly in residential and commercial rooftop installations.

The ground-mounted segment is expected to grow at over 4.5% CAGR through 2034, supported by enhanced energy output, easier maintenance, and longer panel lifespan.

The U.S. solar PV mounting systems market is projected to surpass USD 5.5 billion by 2034, led by government initiatives, investment subsidies, and increasing financial resources.

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.