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Asia Pacific Solar PV Mounting Systems Market Size
- Report ID: GMI8678
- Published Date: Mar 2024
- Report Format: PDF
Asia Pacific Solar PV Mounting Systems Market Size
Asia Pacific Solar PV Mounting Systems Market was valued at USD 8.6 billion in 2023 and is anticipated to grow at a CAGR of 2.3% during 2024 to 2032. A solar PV mounting system is a structure or framework designed to support and position solar panels in a fixed orientation to maximize sunlight exposure and optimize energy production. The mounting system securely anchors solar panels to various surfaces, such as rooftops, ground surfaces, or other structures, ensuring stability and durability over the lifetime of the solar installation.
Increasing awareness of renewable energy and government incentives to promote rooftop solar installations along with growing requirement to reduce electricity bills will augment the industry landscape. Growing investments in solar energy infrastructure to meet rising energy demands and reduce reliance on fossil fuels will further drive the business scenario. For instance, in February 2024, IEA estimated that the global investments in clean energy technologies including solar PV will triple from USD 1.8 trillion to 4.5 trillion by the early 2030s.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Asia Pacific Solar PV Mounting Systems Market Size in 2023: | USD 8.6 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 2.3% |
| 2032 Value Projection: | USD 10.6 Billion |
| Historical Data for: | 2019 - 2023 |
| No. of Pages: | 150 |
| Tables, Charts & Figures: | 200 |
| Segments covered: | Technology, Product, End-Use and Country |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Asia Pacific Solar PV Mounting Systems Market Scope
