What is the global market size of Solar PV Mounting Systems Market?

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).

Who are the key vendors in the Solar PV Mounting Systems Market?

The global Solar PV Mounting Systems market is characterized by a mix of established companies and emerging players. Market participants are focusing on research and development activities to enhance the efficiency and performance of Solar PV Mounting Systems. Additionally, strategic collaborations, partnerships, and mergers and acquisitions are prevalent strategies adopted by companies to expand their market presence. The competitive environment is further influenced by factors such as technological advancements, government regulations, and the ability to provide cost-effective and sustainable solutions. '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'

What is the key driver of Solar PV Mounting Systems Market?

One driver of the market is the increasing adoption of solar energy as a renewable source of power generation. The growing awareness of environmental sustainability and the need to reduce carbon emissions have driven the demand for solar PV systems. Solar PV mounting systems play a crucial role in supporting and securing solar panels, enabling efficient installation and maximizing energy generation.

What is the key market trend for Solar PV Mounting Systems Market?

One key market trend in the global market is the shift towards advanced and innovative mounting solutions. As the solar industry continues to grow rapidly, there is a growing demand for more efficient, durable, and flexible mounting systems. This trend is driven by the need to optimize solar panel installation, improve system performance, and reduce installation costs. Manufacturers are focusing on developing innovative mounting systems that are easy to install, have enhanced structural integrity, offer adjustable angles for optimal sun exposure, and can accommodate different types of solar panels. Additionally, there is an increasing emphasis on sustainability, with the development of mounting systems made from recycled materials and those that allow for easier recycling at the end of their lifespan.

Which region accounted for the largest share in Solar PV Mounting Systems Market?

One dominant region in the global market is Asia-Pacific. The region has witnessed significant growth in solar PV installations, driven by countries like China, Japan, and India. These countries have ambitious renewable energy targets and have implemented favorable policies and incentives to promote solar energy. The demand for these systems in Asia-Pacific is driven by the increasing adoption of solar power in residential, commercial, and utility-scale applications.

Top Solar PV Mounting Systems Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Solar PV Mounting Systems Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Solar PV Mounting Systems industry players.

Solar PV Mounting Systems Market Competitive Landscape

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

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Solar PV Mounting Systems Market size was valued at USD 22.79 Billion in 2024 and is poised to grow from USD 23.61 Billion in 2025 to USD 31.33 Billion by 2033, growing at a CAGR of 3.6% during the forecast period (2026–2033).

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. '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'

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.

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.

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.

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Solar PV Mounting Systems Market

Report ID: SQMIG20E2044

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