Global Solar PV Mounting Systems Market is projected to reach a value of over USD 16.4 billion by 2027

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

Market Driver:

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.

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Market Restraint:

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

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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.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2019–2027

Base Year for Market Calculation

2020

Forecasted Period

2021–2027 (2021 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million), Volume (Unit)

Segments Included

Product Type, Technology, End-user, and Region

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South America

Key Companies Covered

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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

Solar PV Mounting Systems Market, by Technology

Solar PV Mounting Systems Market, by End-use

Solar PV Mounting Systems Market, by Region

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Table of Content

1 Introduction

2 Research Design & Scope

3 Executive Summary

4 Market Dynamics

5 Industry Trends — Porters Five Forces Analysis

6 GLOBAL SOLAR PV MOUNTING SYSTEMS MARKET BY PRODUCT TYPE, Market Size in USD Million & Volume in Unit(2019–2027)

7 GLOBAL SOLAR PV MOUNTING SYSTEMS MARKET BY TECHNOLOGY, Market Size in USD Million & Volume in Unit (2019–2027)

8 GLOBAL SOLAR PV MOUNTING SYSTEMS MARKET BY END-USER, Market Size in USD Million & Volume in Unit(2019–2027)

9 GLOBAL SOLAR PV MOUNTING SYSTEMS MARKET BY REGION, Market Size in USD Million & Volume in Unit(2019–2027)

10 Competitive Landscape

11 Company Profiles

12 Appendix

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