USD 22 Billion
Solar PV Mounting Systems Market Size, Share, and Growth Analysis
Global Solar PV Mounting Systems Market By Technology (Fixed, Tracking), By End User (Residential, Industrial), By Component (PV Modules (Panels), Inverter), By Region -Industry Forecast 2025-2032
Report ID:
SQMIG20E2044 |
Region:
Global |
Published Date: November, 2024
Pages:
157
|Tables:
34
|Figures:
74
Format -
Solar PV Mounting Systems Market Insights
Solar PV Mounting Systems Market size was valued at USD 22 Billion in 2023 and is poised to grow from USD 22.79 Billion in 2024 to USD 30.25 Billion by 2032, growing at a CAGR of 3.60% during the forecast period (2025-2032).
Rapidly rising renewable energy adoption and increasing affordability of solar energy are projected to favor the sales of solar PV mounting systems over the coming years. Declining costs of solar panels owing to advancements in solar technologies and the availability of incentives for renewable energy adoption are also expected to promote global solar PV mounting systems market growth going forward. Increasing rooftop installations of solar energy systems and advancements in solar mounting technologies are also forecasted to create new opportunities for market players in the long run. Providing novel solar PV mounting systems with lightweight materials, adjustable designs, and easy installation features can also help companies maximize their revenue generation potential in the future. On the contrary, complex installation procedures, high initial investments, lack of standardization, and environmental challenges are slated to be key constraints for solar PV mounting systems companies across the forecast period and beyond.
US Solar PV Mounting Systems Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Fixed
Fastest Growth
Tracking
Growth Rate
3.60% CAGR
Global Solar PV Mounting Systems Market ($ Bn)
Country Share for Asia Pacific Region (%)
To get more reports on the above market click here to Buy The Report
Solar PV Mounting Systems Market Segments Analysis
Global Solar PV Mounting Systems Market is segmented by Product, Technology, Component, End-User and region. Based on Product, the market is segmented into Rooftop, Ground Mounted. Based on Technology, the market is segmented into Fixed, Tracking. Based on Component, the market is segmented into PV Modules (Panels), Inverters, Racking, Batteries, and Other Components. Based on end user, the market is segmented into Residential, Commercial, Industrial. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Technology
The fixed segment is forecasted to account for a substantial share of the global solar PV mounting systems industry going forward. Simplicity and cost-effective nature of fixed solar PV mounting systems are helping this segment maintain its dominant stance. The need for minimal maintenance further adds to the lower ownership costs of fixed solar PV mounting systems in the long run. Moreover, the high versatility to install fixed solar PV mounts on rooftops, ground mounts, or slopes is also expected to bolster the high share of this segment on a global level. Most residential solar PV installations are expected to fall under the fixed segment.
On the other hand, demand for tracking solar PV mounting systems is expected to rise at a notable pace in the future. Increasing efforts to maximize energy generation efficiency of solar power projects and advancements in tracking technologies are expected to help this segment generate new opportunities. Better land efficiency, the requirement of less labor to manage solar systems, and high consistency in power generation are key benefits that are expected to boost the sales of tacking solar PV mounting systems over the coming years. Growing demand for solar energy systems in industrial and commercial applications is also expected to boost revenue generation via this segment through 2032.
Analysis by End User
Residential use of solar PV mounting systems is projected to hold the largest global solar PV mounting systems market share going forward. Growing consumer awareness regarding sustainability and decreasing costs of solar energy systems are helping bolster the demand for solar PV mounting systems in the residential segment. Moreover, the high availability of subsidies and incentives for residential use of solar energy systems is also forecasted to benefit the sales of solar PV mounting systems in the long run. Asia Pacific and Europe are slated to emerge as the most opportune regions for solar PV mounting system suppliers focusing on the residential segment going forward.
Industrial use of solar PV mounting systems is slated to rise at a rapid pace over the coming years. Growing emphasis of industries on reducing their carbon footprint and rising adoption of solar energy systems are expected to offer new opportunities for solar PV mounting system providers in this segment. Imposition of stringent emission regulation mandates and launch of new industrial solar energy systems are also creating new opportunities for market players to go forward. Efforts of industries to improve sustainability of their supply chains and emphasis on corporate social responsibility (CSR) programs are also offering an opportune setting for solar PV mounting system suppliers to boost market development through 2032.
Global Solar PV Mounting Systems Market By Technology
To get detailed analysis on other segments, Request For Free Sample Report
Solar PV Mounting Systems Market Regional Insights
Asia Pacific is slated to emerge as the dominant market for solar PV mounting system companies on a global level. The presence of leading solar energy solution providers, availability of government incentives and subsidies for solar energy adoption, and high consumer awareness regarding sustainability are cementing the dominance of this region. China and India are slated to be the leading countries for solar PV mounting system sales in the Asia Pacific region owing to the presence of multiple solar energy and component providers. Australia is another highly opportune market for solar PV mounting system suppliers looking to expand their business scope in this region.
On the other hand, the demand for solar PV mounting systems in Europe is slated to rise at a notable pace in the long run. High consumer preference for renewable energy, incentivization of solar energy adoption, and availability of advanced solar energy systems are expected to offer new business scope for solar PV mounting system providers. Germany, the United Kingdom, and France are some of the most opportune markets in the European region. Launch of new renewable energy projects and high adoption of solar energy systems in residential settings are also expected to bolster the sales of solar PV mounting systems in this region through 2032 and beyond.
Global Solar PV Mounting Systems Market By Geography
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Solar PV Mounting Systems Market Dynamics
Solar PV Mounting Systems Market Drivers
High Use of Solar Energy
- Growing emphasis on sustainability is promoting the adoption of solar energy solutions around the world. High consumer awareness regarding the benefits of solar energy is also expected to favor the global solar PV mounting systems market outlook in the long run. Solar PV mounting systems are critical for the installation of photovoltaic panels, supporting the adoption of solar energy around the world.
Declining Costs of Solar PV Modules
- Costs of solar panels and solar PV modules are declining at a rapid pace owing to advancements in solar technologies. These decreased costs are promoting the adoption of solar technologies in residential, commercial, and utility-scale projects, which in turn, is expected to boost revenue generation for companies across the global solar PV mounting systems market forecast.
Solar PV Mounting Systems Market Restraints
Complex Installation Procedures
- Integrating and installing solar energy systems is a highly complex process. Similarly, installation of solar PV mounting systems requires skilled workforce and precision engineering resulting in higher installation costs. As the scale of solar projects keeps on increasing the complexity and costs of solar PV mounting systems installations is also estimated to rise and hurt revenue generation potential as well.
Lack of Standardization
- Variations in module designs, installation sites, and regulations for different types of solar energy systems and solutions are making it difficult for solar PV mounting systems providers to scale their businesses. Launch of universally applicable mounting systems can help solar PV mounting systems companies reduce their customization costs and maximize their sales potential in the long run.
Request Free Customization of this report to help us to meet your business objectives.
Solar PV Mounting Systems Market Competitive Landscape
As per this global solar PV mounting system market analysis, companies should target the Asia Pacific and Europe regions to bring in the most revenue through 2032. Launching universally acceptable solar PV mounting systems should also be the prime focus of market players in the future. Taking advantage of supportive government initiatives and incentives can also help companies maximize their profitability across the study period.
Top Players in Solar PV Mounting Systems Market
- Schletter Group
- Nextracker Inc.
- Array Technologies Inc.
- First Solar
- Clenergy
- Esdec B.V.
- Unirac
- K2 Systems GmbH
- SOLTEC
- RBI Solar
- GameChange Solar
- Valmont Industries, Inc.
- PV Hardware
- Arctech
- Versolsolar Hangzhou Co., Ltd.
- Mounting Systems GmbH
- Gonvarri Industries
- Xiamen Grace Solar New Energy Technology Co., Ltd.
- DPW Solar
- Aerocompact GmbH
Solar PV Mounting Systems Market Recent Developments
- In April 2024, S-5, a leading name supplier of mounting systems and solutions announced the launch of its new mounting solutions for rooftop solar applications. The MLPE Mount allows microinverters and power optimizers to be directly attached to the underside of solar panels to improve versatility.
- In March 2024, AEROCOMPACT, a leading PV mounting system manufacturer announced the launch of a new tracking extension for its COMPACTFLAT SN2 rail-based flat roof solar racking system. SN2 Q PLUS provides racking for portraits and east-west solar panel orientation for solar panels.
- In May 2023, a renowned solar energy company based in Japan announced the launch of a new balcony solar mounting structure. The new solution is pre-bolted and fixed, which makes the on-site installation easier for end users and also eliminates the extra costs required for welding and drilling during installation.
Solar PV Mounting Systems Key Market Trends
- Use of Tracking Systems: Solar PV mounting system providers should focus on integrating tracking systems in their offerings to enhance the solar productivity and efficiency of PV systems. Focusing on this trend solar PV mounting systems market trend helps maximize energy generation by adjusting the panel orientation to follow the sun’s path thereby allowing for more sunlight to be converted into energy from PV systems.
- Rising Use in Floating Solar Installations: Solar PV mounting system providers can invest in the development of mounting solutions for floating solar farms that are gaining popularity around the world. The need for specialized mounting systems and structure in these floating installations is estimated to offer new opportunities for solar PV mounting system suppliers in the long run.
Solar PV Mounting Systems Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per our analysis, declining costs of solar PV modules and rising use of solar energy systems are slated to be key prospects driving the demand for solar PV mounting systems and services. On the contrary, lack of standardization and complex installation procedures are slated to slow down the demand for solar PV mounting systems across the forecast period. Rapidly increasing solar installations and the availability of supportive government initiatives and incentives for solar PV mounting systems companies are slated to help Asia Pacific dominate the global market. The use of tracking systems in solar PV mounts and development of specialized mounts for floating solar installations are offering new opportunities for market players.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 22 Billion |
| Market size value in 2032 | USD 30.25 Billion |
| Growth Rate | 3.60% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Solar PV Mounting Systems Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Solar PV Mounting Systems Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Solar PV Mounting Systems Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Solar PV Mounting Systems Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Solar PV Mounting Systems Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Solar PV Mounting Systems Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Solar PV Mounting Systems Market Report Snapshots
REQUEST FOR SAMPLE
Want to customize this report?
REQUEST FREE CUSTOMIZATION
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
