Solar PV Mounting Systems Market: Summary
The Global Solar PV Mounting Systems Market is projected to reach a value of over USD 16.4 billion by 2027 at a CAGR of around 6.7%.
Solar power is one of the clean source of energy and is available abundant. Solar PV panels are used to generate plenty amount of electricity. Sever concerns about rising global warming threatening the environment has resulted to install utility-scale solar PV panels in various countries in order to achieve clean energy policy. Solar PV mounting systems are used to for installation of solar PV. Various mounting systems available in market are lightweight, adaptable, simple to introduce, tough, and have low development and constriction properties.
Solar PV Mounting Systems Market: Drivers & Restraint
- Growing Demand for Renewable Resources
Renewable resources are gaining importance across the globe owing to produce clean energy which will further help to reduce the pollution and greenhouse gas emission. According to Center for Climate and Energy Solution, Carbon about 76% of total greenhouse gas emissions in 2018. Thus, governments are taking initiative to minimize the carbon emission which has led towards the use of renewable energy. Solar energy is gaining popularity as economical source to reduce carbon footprint. This has encouraged the governments to subsidize the manufacturing of solar mounting systems. Thus, increasing number of solar projects coupled with government support has expected to surge the demand for solar PV mounting systems during forecasted period.
- Fluctuations in Raw Material Prices
Raw materials such as aluminum, steel, iron and others are used for manufacturing of solar PV mounting systems. The price fluctuations of these materials are attributed to the mining and extraction of the raw materials, which are dependent on geological and geopolitical factors. For instance, the steel production has been experiencing significant downfall owing to the ongoing COVID-19 pandemic across the globeThus, fluctuation in the prices of these materials is anticipated to hinder the market growth during the forecasted period.
Solar PV Mounting Systems Market: Key Segments
- Segmentation based on product type: Rooftop Mounted, and Ground Mounted.
- Segmentation based on product technology: Fixed, and Tracking.
- Segmentation based on End-user: Residential, Commercial, and Utilities.
- Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.
Solar PV Mounting Systems Market: Report Scope
The report on the solar PV mounting systems market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Historical/Estimated/Forecasted Market Size Years
Base Year for Market Calculation
2021-2027 (2021 estimated year, forecasted up to 2027)
Value (USD Million), Volume (Unit)
Product Type, Technology, End-user, and Region
North America, Asia-Pacific, Europe, Middle East & Africa, South America
Key Companies Covered
- RISEN ENERGY CO., LTD(Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Canadian Solar
- Mounting Systems
- XIAMEN UNIVERSE SOLAR TECHNOLOGY Co., LTD
- Solaris Technology Industry, Inc.
- Landpower Solar Technology Co. Ltd
- UNIRAC Inc.
- Tata International Ltd,
- Quick Mount PV.
- Van der Valk Solar System
- Xiamen Grace Solar Technology Co., Ltd
- K2 Systems
- ENF Ltd.
- RBI Solar Inc.
- Belmont Solar
- Other Key Companies
Solar PV Mounting Systems Market: Report Segmentation
For the scope of the report, In-depth segmentation is offered by Forencis Research
Solar PV Mounting Systems Market, by Product Type
- Rooftop Mounted
- Ground Mounted
Solar PV Mounting Systems Market, by Technology
Solar PV Mounting Systems Market, by End-use
- Electricity Generation
Solar PV Mounting Systems Market, by Region
- North America
- South Korea
- Rest of Asia-Pacific
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Rest of South America
Key Questions Answered By The Report
- What are the prominent developments affecting the market worldwide and its growth?
- What will be the impact of the developments in the market on the industry and on the market players in the future?
- What are the evolving variations of the market globally?
- What are the evolving functions of the market globally?
- What are the prominent aspects that will affect market growth globally during the study period?
- Who are the key players operating in the market across the globe?
- How are the key players leveraging in the present market scenario worldwide?
- Solar PV Mounting Systems Market Providers
- Solar PV Mounting Systems Market Solution and Services Suppliers, Distributors and Dealers
- End-Users of Varied Segments of Solar PV Mounting Systems Market
- Government Bodies and Intellectual Institutions
- Associations and Industrial Organizations
- Research & Consulting Service Providers
- Research & Development Organizations
- Investment Banks & Private Equity Firms
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE SOLAR PV MOUNTING SYSTEMS MARKET STUDY