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Solar PV Mounting Systems Market Trends

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

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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. 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.

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.