Market Overview
The Solar PV Mounting Systems Market Size is expected to generate revenue of around USD 24,026.70Million during the forecast period at a CAGR of 7.60% during the forecasted period. The market for solar PV mounting solutions is growing.
Share is based on the growth of its parent market, solar-powered electricity. The global market for solar-powered photovoltaics increased by 26%. In the coming years, the growing interest in solar-powered PV mounting frameworks will almost certainly catalyze the interest in solar-powered PV mounting frameworks.
Legislators are aiming to limit the use of fossil fuel by-products, which has driven a shift toward renewable energy. Sunlight-based energy has become widely recognized as a valuable option for reducing carbon emissions. As a result, legislators have been encouraged to support the construction of sun-oriented mounting structures. The growing number of solar-powered businesses, combined with government assistance, is expected to boost the sun-based solar PV mounting systems Market Trends over the forecast period.
Industry News
- Schletter Group (Germany)
- Unirac Inc. (US)
- SolarWorld AG (Germany)
- K2 Systems GmbH (Germany)
- Esdec (Netherlands)
- Tata International Ltd (Switzerland)
- Land Power Solar Technology Co. Ltd (China)
- RBI Solar Inc. (US)
- Mounting System GmbH (Germany)
- Xiamen Grace Solar Technology (China)
- Clenergy (China)
- Xiamen Universe Solar Technology (China)
- Xiamen Corigy New Energy Technology Co. Ltd. (China)
- PV Racking (US)
Market Segmentation
The Solar PV Mounting Systems Market Share is segmented based on the Product, Technology, End-use Sector, and region.
Based on Product, the solar PV mounting systems market has been segmented as Rooftop and ground-mounted.
Based on technology, the solar PV mounting systems market has been segmented as Fixed and Tracking.
Based on end-user, the solar PV mounting systems market is segmented as Residential, Commercial, and Utilities.
Based on region, the solar PV mounting systems market is segmented as North America, Europe, Asia-Pacific, and the Rest of the World.
Regional Classification
Asia Pacific (APAC) accounts for 43.02% of the global sun-powered PV mounting framework market and is expected to grow at a CAGR of 11.24 percent over the forecast period. The APAC region has a truly massive population that is consistently growing. As a result, there is a growing interest in cost-effective force. Clean fuel sources are becoming increasingly appealing as support for environmentally friendly power businesses grows through powerful agreements and rules combined with mindfulness campaigns. China dominates the APAC market for solar-based photovoltaic cell production, with Japan and India trailing closely behind.
The Rest of the World is growing at the fastest rate, with Latin America driving growth in this geographical segment. In Latin America, sun-based PV frameworks are moderate and growing swiftly as a result of bets made in countries such as Chile, Mexico, and Brazil. In any event, the Middle East and Africa are likely to change dramatically because the location is often beneficial for the receipt of sun-oriented force. After all, the majority of the area is desert and receives extended periods of daylight. The district's sunlight-based PV mounting frameworks market is expected to be driven by a few development projects that use and incorporate solar-powered energy.
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