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Asia Pacific Solar PV Mounting Systems Market Trends

Report ID: GMI8678
Published Date: Mar 2024
Report Format: PDF

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Asia Pacific Solar PV Mounting Systems Market Trends

Shifting consumer trends toward sustainability along with enhanced durability in the PV systems designs including utilization of recyclable materials will stimulate the business landscape. Reduced environmental impact during production coupled with long-term reliability in harsh environmental conditions will contribute to the industry statistics. Moreover, integration of solar PV systems with energy storage solutions, including batteries will fuel the product demand.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

Asia Pacific market for solar PV mounting systems was reached USD 8.6 billion in 2023 and is anticipated to witness 2.3% CAGR from 2024 to 2032, due to higher need to support and position solar panels in a fixed orientation to maximize sunlight exposure and optimize energy production.

Asia Pacific fixed solar PV mounting systems market is projected to cross USD 8.5 billion by 2032, led by advantages, including cost effectiveness, simple design, low maintenance, and few moving parts enabling higher reliability.

Demand for ground mounted solar PV mounting systems in APAC is set to grow at more than 2% CAGR from 2024 to 2032, due to the increasing electricity demand and declining solar technology costs in line with growing emphasis on direct grid connection systems.

China solar PV mounting systems market size is likely to exceed USD 5 billion by 2032, due to ongoing advancements in materials, design, and manufacturing processes to improve the performance and efficiency of the systems.