Asia Pacific Solar PV Mounting Systems Market Analysis

Asia Pacific Solar PV Mounting Systems Market Analysis

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Based on technology, the fixed solar PV mounting system is projected to reach USD 8.5 billion by 2032. Key features including cost effectiveness, simple design, low maintenance, and few moving parts enabling higher reliability coupled with its versatility to be deployed in various settings, including rooftop, ground-mounted, and carport installations will influence the product penetration. Additionally, innovations comprising lightweight materials, aerodynamic designs, and integrated wiring solutions contributing to increase energy yields and cost reductions will complement the business trends.
 

Based on product, the ground mounted solar PV mounting systems is set to grow at a rate of more than 2% through 2032. Increasing electricity demand and declining solar technology costs in line with growing emphasis on direct grid connection systems to enable seamless integration with existing transmission and distribution infrastructure will sway the industry trends. Moreover, these systems enable to preserve valuable agricultural land, natural habitats, and open spaces, supporting biodiversity conservation efforts, which will augment the business potential.
 

Utility solar PV mounting systems witnessed a market share of over 50% in 2023. Upsurge in investment in large-scale solar installations by governments and private authorities to diversify their energy portfolios in conjunction with rising awareness to reduce carbon emissions to meet renewable energy targets will drive the business dynamics. Furthermore, increasing efforts to mitigate environmental impacts and enhance project acceptance amongst local communities and stakeholders will propel the industry outlook.
 

China solar PV mounting systems market revenue to cross USD 5 billion by 2032. Ongoing advancements in materials, design, and manufacturing processes to improve the performance and efficiency of the systems combined with government policies, certificates, incentives, and regulations that promote renewable energy deployment will boost the product installation. For instance, the China Quality Certification Center (CQC), a quality service body approved by government of China aims to ensure safety, reliability, and long-term performance of solar panels, thereby strengthening the overall business scenario.