Fixed Solar PV Mounting Systems Market Size - By Product (Ground Mounted, Roof-Top), By End Use (Residential, Commercial & Industrial, Utility), & Forecast, 2025 – 2034

Fixed Solar PV Mounting Systems Market Size

The fixed solar PV mounting systems market was valued at USD 30.7 billion in 2024 and is estimated to grow at a CAGR of 4.3% from 2025 to 2034. Decreasing costs of solar panels and associated components along with growing global emphasis on transitioning to renewable energy sources will drive the business scenario. Growing adoption of solar PV modules across the developing nations coupled with introduction of incentives, state level policies and FiT programs across economies including the U.S. will stimulate the product adoption. For instance, the U.S. Solar Energy Industries Association (SEIA), announced 30 GW of solar capacity addition across the U.S.
 

The rising need for higher energy yield from solar installations is a major factor driving the product adoption. Global push toward reducing carbon footprints and achieving energy independence, solar trackers have become a critical component in large-scale solar projects. Further, they are generally more affordable than tracking systems due to their simpler design and lack of moving parts, thereby contributing to the business momentum.
 

Increasing adoption of distributed generation which generates power close to the place of use rather is driving the need for solar trackers. These are commonly placed in commercial, industrial, and residential sector, which benefit from the higher efficiency provided by solar trackers. For instance, In April 2024, Soltec, unveiled its new SFOneX solar tracker, the longest dual-row system in its lineup at 125 meters. The adoption of the product is further accelerated by this localized approach to energy generation, which also encourages energy independence and lowers transmission losses.
 

Trump's tariffs have increased the cost of solar modules and components, making utility solar projects roughly 30% more expensive. This will eventually cause solar systems to grow more slowly, which will result in project delays and cancellations. In addition, domestic output has not increased sufficiently to meet the growing demand. Because of these, the solar business has grown unstable, making it challenging for developers and investors to forecast expenses and profits.
 

Fixed Solar PV Mounting Systems Market Trends

• Ongoing depletion of fossil resources along with increase in global energy consumption will lead to adoption of new sustainable technologies including solar. Photovoltaic solar energy is most commonly applied in housing, owing to its easy implementation and simplicity. The growing economic development across industrialized countries along with the exponential growth in population has remarkably enhanced energy consumption in recent years.
   
• Innovations in the materials and introduction of new designs of fixed mounting systems across small residential and commercial installations will make them easier to install, augmenting the market growth. Growing adaptability to a wide range of geographical regions specifically in areas with less intense sunlight or where land costs are high is set to stimulate the product penetration. To cite an instance, in June 2024, Valmont Solar, a division of Valmont Industries, announced the upcoming launch of its Convert Versa Tracker, a weld-free single-axis tracking system.
   

Fixed Solar PV Mounting Systems Market Analysis

• The fixed solar PV mounting systems industry was valued at USD 17.3 billion, USD 29 billion and USD 30.7 billion in 2022, 2023 and 2024 respectively. Based on product, the market is segmented into ground mounted and rooftop. The ground mounted market is set to reach more than USD 44.5 billion by 2034, propelled by advancements in technology and extensive deployments throughout utility-scale solar farms.
   
• Growing push for renewable energy objectives will boost demand for ground-mounted solutions across utility projects. Increased financial feasibility of the system will be made possible by technological developments and affordability that reduce the overall cost of constructing a ground-mounted system. This is demonstrated by the July 2023 agreement between Ameresco and Valmont to install a 718-kilowatt DC ground mounted PV system using Valmont's racking and conversion single-axis tracking technology.
   
• Rooftop solar PV mounted systems will grow owing to their ability to allow users to generate their own electricity while minimizing the space usage. Key factors including economies of scale, technological improvements and efficient manufacturing processes will stimulate the product penetration. For instance, IEA, in 2024, announced the rooftop solar installations across Germany to be 6 GW, contributing to the market growth.
   

• Based on end use, the fixed solar PV mounting systems market is segmented into residential, commercial & industrial and utility. The utility segment accounted for over 51.2% market share in 2024 owing to their simplicity and lower cost compared to tracking systems, especially in areas where the land is inexpensive or abundant.
   
• The business environment will be driven by state-level renewable energy laws in developing countries, advantageous policies like the Investment Tax Credit, and rising solar technology affordability. Ideematec and CWP Global teamed together in March 2024 to use CWP Global's cutting-edge L solar tracker technology into the 30 GW AMAN project in northwest Mauritania. Production is expected to start in 2029 and increase during the course of the 2030s.
   
• Lower prices, quicker payback periods, and cheaper electricity costs are some of the key elements that will improve the commercial and industrial sector's business environment. The corporate environment will be improved by the continuous implementation of green practices and the acceptance of renewable energy targets. Gonvarri Solar Steel was awarded a contract in April 2024 to deliver 7,117 TracSmarT+ 2V, 2P solar trackers, which will supply sustainable energy to more than 175,000 households every year.
   
• The residential sector is increasingly employing home battery storage systems along with permanent installations to store extra energy for use at night or during cloudy weather, thereby driving the market growth. Growing adoption of smart technology-enabled energy-efficient housing, and energy-efficient appliances, will contribute to the business momentum.
   

• The U.S. fixed solar PV mounting systems market was valued at USD 0.8 billion, USD 1.4 billion and USD 1.45 billion in 2022, 2023 and 2024 respectively. North America contributed 5.1% market share in 2024 was a result of political regulations, financial incentives, and technological improvements. Due to the region's growing need for utility-scale solar projects that may boost energy production, tracker adoption is speeding up and project economics are typically increasing.
   
• The Europe fixed solar PV mounting systems market is set to cross more than USD 9 billion by 2034 owing to recent developments in mounting system materials and designs have significantly improved the durability and dependability of fixed solar PV installations, ensuring long-term performance with minimal maintenance. When Gonvarri Solar Steel was chosen to supply TracSmarT+ 1V 1P trackers for a 31 MW solar project in Italy in May 2024, for instance, it expanded its footprint in the growing Italian solar sector. With massive solar tracker deployments to optimize their renewable energy production, nations like Germany and Spain are setting the standard and bolstering the expansion of the industry.
   
• Growing environmental consciousness along with increasing solar installations across the Asia Pacific owing to federal and state incentives and tax credits, will bolster the market growth. For example, in 2024, nations including China, Japan, and India implemented tax credits, incentives, and subsidies for residential and commercial solar systems, propelling the industry's expansion. Furthermore, as a result of the exponential increase in energy consumption brought about by growing urbanization and industrialization, it is now necessary to optimize the orientation of solar panels towards the sun in order to maximize the production from solar installations.
   
• The Middle East & Africa fixed solar PV mounting systems market is set to grow at a CAGR of over 1% till 2034 on account of introduction of subsidies and grants to reduce the initial investment cost for solar energy will stimulate the industry statistics. For instance, through programs like Dubai's Mohammed bin Rashid Al Maktoum Solar Park, the United Arab Emirates aims to have 50% of its energy come from renewable sources by 2050, with a focus on solar energy.
   

Fixed Solar PV Mounting Systems Market Share

• The top 5 players operating in the industry include Arctech, Clenergy, Convert Italia, K2 Systems, and AEROCOMPACT contributing to 40% market share. Many manufacturers are developing methods to optimize the performance of bifacial solar panels.
   
• The business is evolving as a result of major players inorganic strategic partnerships, mergers, and acquisitions. Ongoing expansion of the companies in emerging economies like Asia, Africa, and Latin America, where the use of solar energy is growing. Industry players are also focusing on recyclable and low-carbon components to boost the environmental benefits of solar installations.
   

Fixed Solar PV Mounting Systems Market Companies

• Arctech is a supplier of Building Integrated Photovoltaics (BIPV) systems, solar racking, and tracking systems. The business employs 1,600 people and made USD 886 million in revenue in 2023. With a 3 GW yearly production capability, the Gujarat-based Indian joint venture Jash Energy manufactures all of the key parts for its solar tracker systems.
   
• Clenergy specializes in cable management solutions, solar mounting systems, and clean energy project services. The company has over 2 GW of solar mounting systems globally, with offices in China, Australia, Japan, Thailand, Germany, the United Kingdom and the Philippines. Further, the products are deployed in more than 50 countries, contributing to the installation of more than 20 GW of solar capacity.
   
• K2 systems a leading company concentrating in developing innovative mounting systems for PV installations. The company recorded annual revenues of USD 197.42 Million in 2022, with a global presence in more than 130 countries. In addition, the company has installed over 34 GW with more than 120 distributors.
   

Eminent players operating in the fixed solar PV mounting systems industry are:

• Aerocompact
• Arctech
• Clenergy
• Convert Italia SPA
• Esdec
• K2 Systems GmbH
• Mounting Systems
• Schletter Group
• UNIRAC
• Versolsolar Hangzhou Co., Ltd.
• Xiamen Grace Solar New Energy Technology Co., Ltd.
   

Fixed Solar PV Mounting Systems Industry News

• In June 2024, Valmont Solar, introduced the Convert Versa Tracker, a single-axis tracking device that does not require welding.  The tracker, to be used with both single-string and multi-string setups, is anticipated to be launched in Europe by early 2025, catering to both large-scale and scattered solar installations.
   
• Arctech made its first solar racking and tracking project in Saudi Arabia in April 2023 when it provided a 1.5 GW SkyLine II solar tracking system for the ASB project in Jeddah. In line with Saudi Arabia's "Vision 2030" objective to generate 50% of its energy from renewable sources by 2030, this project is the biggest solar plant currently being built in the Middle East.
   
• In February 2023, FTC Solar, Inc. and Taihua New Energy formed Alpha Steel LLC, a joint venture to manufacture solar trackers, with the aim of producing steel components for large-scale solar projects, such as torque tubes. This agreement expanded the U.S. solar market and strengthened FTC Solar's domestic supply chain by using American steel.
   

This fixed solar PV mounting systems market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue and volume in “USD Million & MW” from 2021 to 2034, for the following segments:

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Market, By Product

• Ground Mounted
• Rooftop

Market, By End Use

• Residential
• Commercial & Industrial
• Utility

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Austria
  • Norway
  • Denmark
  • Finland
  • France
  • Germany
  • Italy
  • Switzerland
  • Spain
  • Sweden
  • UK
• Asia Pacific
  • China
  • Australia
  • India
  • Japan
  • South Korea
• Middle East
  • Israel
  • Saudi Arabia
  • UAE
  • Jordan
  • Oman
• Africa
  • South Africa
  • Egypt
  • Morocco
• Latin America
  • Brazil
  • Chile
  • Argentina