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
- 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.
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- 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.
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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 FeaturesSpecificsHistorical/Estimated/Forecasted Market Size Years2019–2027Base Year for Market Calculation2020Forecasted Period2021–2027 (2021 estimated year, forecasted up to 2027)Measured UnitsValue (USD Million), Volume (Unit)Segments IncludedProduct Type, Technology, End-user, and RegionRegional CoverageNorth 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
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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
- 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
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Table of Content
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
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