Solar PV Mounting Systems Market Size

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).

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'

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.

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.

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.