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Global Solar Photovoltaic (PV) Mounting Systems Market – Industry Trends and Forecast to 2029

OIL, GAS & ENERGY

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Global Solar Photovoltaic (PV) Mounting Systems Market – Industry Trends and Forecast to 2029

  • OIL, GAS & ENERGY
  • Upcoming Report
  • Jun 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Solar Photovoltaic (PV) Mounting Systems Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 511.21 USD Million
Diagram Market Size (Forecast Year) USD 727.00 USD Million
Diagram CAGR %

Major Markets Players

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Global Solar Photovoltaic (PV) Mounting Systems Market, By Technology (Fixed, Tracking), Product (Ground Mounted, Rooftop), End-Use (Residential, Commercial and Industrial, Utility) – Industry Trends and Forecast to 2029

Solar Photovoltaic (PV) Mounting Systems Market

Market Analysis and Size

The solar photovoltaic (PV) mounting systems have largely gained popularity owing to their highly adaptable, light-weight, tough, very simple to introduce, and have low development and constriction properties. Additionally, the continuous installation of high capacity ground-mounted projects has increased the demand for solar photovoltaic (PV) mounting systems, which is regarded as a critical component of a specific photovoltaic structure. Furthermore, favorable regulatory policies such as (PPA) Power Purchase Agreements and (FiT) Feed-in Tariff programs are expected to boost product deployment significantly. Consequently, these determinants will significantly aid the market traction over the forecast timeframe.

Global Solar Photovoltaic (PV) Mounting Systems Market was valued at USD 511.21 million in 2021 and is expected to reach USD 727.00 million by 2029, registering a CAGR of 4.50% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes technological advancements, regulatory framework, PESTEL, porter's five forces analysis, industry standards-at a glance, raw material costs/ operational expenditure-overview, supply chain analysis, vendor selection criteria, pricing analysis, production analysis, and climate chain scenario.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Technology (Fixed, Tracking), Product (Ground Mounted, Rooftop), End-Use (Residential, Commercial and Industrial, Utility)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Poland, Norway, Finland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Nigeria, Algeria, Angola, Ghana, Rest of Middle East and Africa

Market Players Covered

 Schletter (Germany), Unirac Inc. (U.S.), Solaris Technology Industry, Inc., (U.S.), K2 Systems GmbH (Germany), Quick Mount PV (U.S.), Land Power Solar Technology Co. Ltd. (China), RBI Solar Inc (U.S.), Mounting System (Germany), Xiamen Grace Solar New Energy Technology Co., Ltd. (China), Clenergy (Australia), Tata International Ltd. (India), Xiamen Universe Solar Technology Co. Ltd. (China), Xiamen Corigy New Energy Technology Co. Ltd. (China), PV Racking (U.S.), Van der Valk Solar Systems BV (U.K.)

Market Opportunities

  • Increasing investments across utility scale
  • Continuous technological advancement

Market Definition

Solar PV mounting systems are also referred to as solar module racking. Mounting systems are used to secure solar panels in desired locations. Solar PV mounting systems are typically constructed of aluminum, stainless steel, iron, a combination of metals, and plastics. These systems give fundamental slant edge and introduction to solar boards, allowing the most of solar vitality to be captured. The vitality thus captured is transformed into power. Solar PV mounting systems are presumably the most significant area for development and the most competitive solar products on the market. Solar PV mounting systems on the market are adaptable, light-weight, strong, simple to install, and have low development and constriction properties.

Solar Photovoltaic (PV) Mounting Systems Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • High Demand Across End Users

The solar photovoltaic (PV) mounting systems is expected to be quite popular. Furthermore, there is a large demand for solar photovoltaic (PV) mounting systems in developing economies for the industrial and commercial sectors, which drives market growth. Evolving architectural styles and designs, as well as advancements in the construction industry, should drive sales of photovoltaic mounting systems in the short and long term. Furthermore, rising electricity demand, combined with stringent emission standards, has compelled authorities to focus more on the completion of numerous large-scale ground-mounted utility solar projects.

 Furthermore the easy installation, coupled with the durability to offer high load capacity across domestic, commercial and industrial applications also accelerates the market growth. In addition to this, the low maintenance cost in line with the benefit of no additional space requirement for its installation is also projected to have a positive impact over the forecast period.

Opportunities

  • Technological Advancements and Increasing Investments

Furthermore, continuous technological advancement pertaining to increase the effectiveness of solar panels further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the increasing investments across utility scale pertaining to the development of clean power generation in line with growing electricity requirement offers lucrative growth opportunities for the market.

Restraints/Challenges

  • Price Volatility

Sun-based mounting structures are primarily made of aluminum or steel, both of which have gained notoriety due to their fluctuating prices. The price volatility of the raw materials used has been identified as a market constraint.

  • Dearth of Technical Expertise

The various technical complications further requires skilled professionals. Moreover, the installations, adaptation of current manufacturing techniques to improve the performance also further necessitates the requirement of experts and professionals. The shortage of technical expertise will further pose as a serious challenge to the growth of the solar photovoltaic (PV) mounting systems market.

This solar photovoltaic (PV) mounting systems market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the solar photovoltaic (PV) mounting systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Solar photovoltaic (PV) mounting systems Market

The recent outbreak of coronavirus had a negative impact on the solar photovoltaic (PV) mounting systems market. Lockdowns and import-export restrictions have been imposed around the world as a result of the spread of COVID-19. Due to numerous precautionary lockdowns imposed by governments to control the spread of disease, substantial interruptions in various production and supply-chain processes have resulted in significant financial losses for the market. This has invariably hampered the growth of the worldwide photovoltaic glass market. Due to supply problems, shelter-in-place restrictions, and project financing tightening, solar PV installations are expected to fall significantly in 2020. As a result, the solar photovoltaic (PV) mounting systems market will grow at a slower rate than usual in the foreseeable future.

Global Solar Photovoltaic (PV) Mounting Systems Market Scope

The solar photovoltaic (PV) mounting systems market is segmented on the basis of technology, product and end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Technology

  • Fixed
  • Tracking

 Product

  • Ground Mounted
  • Rooftop

 End-Use

  • Residential
  • Commercial and Industrial
  • Utility

Solar Photovoltaic (PV) Mounting Systems Market Regional Analysis/Insights

The solar photovoltaic (PV) mounting systems market is analyzed and market size insights and trends are provided by country, technology, product and end-use as referenced above.

The countries covered in the solar photovoltaic (PV) mounting systems market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Poland, Norway, Finland, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Nigeria, Algeria, Angola, Ghana, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Europe dominates the solar photovoltaic (PV) mounting systems market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the focus towards upgrading their aging electrical infrastructure coupled with the promotion of power generation through renewable energy sources by the governments within the region.

Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the high installations of solar photovoltaic (PV) mounting systems power in China. Favorable government policies, as well as various subsidies and incentive schemes, as well as strong regulatory and policy frameworks, will aid in the acceptance of wind energy in the economy.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Solar Photovoltaic (PV) Mounting Systems Market Share Analysis

The solar photovoltaic (PV) mounting systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to solar photovoltaic (PV) mounting systems market.

Some of the major players operating in the solar photovoltaic (PV) mounting systems market are

  • Schletter (Germany)
  • Unirac Inc. (U.S)
  • Solaris Technology Industry, Inc., (U.S.)
  • K2 Systems GmbH (Germany)
  • Quick Mount PV (U.S.)
  • Land Power Solar Technology Co. Ltd. (China)
  • RBI Solar Inc (U.S.)
  • Mounting System (Germany)
  • Xiamen Grace Solar New Energy Technology Co., Ltd. (China)
  • Clenergy (Australia)
  • Tata International Ltd. (India)
  • Xiamen Universe Solar Technology Co. Ltd. (China)
  • Xiamen Corigy New Energy Technology Co. Ltd. (China)
  • PV Racking (U.S.)
  • Van der Valk Solar Systems BV (U.K.)


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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

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Global Solar photovoltaic (PV) mounting systems Market is expected to show a value of USD 511.21 million in 2021.
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