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Ground Mounted Solar PV Mounting Systems Market Trends

Report ID: GMI5920
Published Date: Jun 2023
Report Format: PDF

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Ground Mounted Solar PV Mounting Systems Market Trends

Growing concerns regarding climate change in line with decreasing energy storage cost will drive the ground mounted solar PV mounting systems market development. The system allows frictionless energy transfer, better ventilation, and efficient utilization of land which in turn will complement the industry statistics. Moreover, stringent carbon reduction policies along with rising demand for clean energy sources in residential and commercial sector will further escalate product penetration.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of ground mounted solar PV mounting systems was worth USD 21.50 billion in 2023 and will expand at 3.6% CAGR during 2024 to 2032 driven by the rising global concerns about climate change and the surging need for clean energy sources.

Fixed ground mounted solar PV mounting systems industry is set to attain 2.9% gains between 2023 and 2032 attributed to the growing demand for clean energy solutions.

Asia Pacific industry size is estimated to surpass USD 10.5 billion by 2032 backed by the growing number of R&D centers for the improvement of the latest technologies.

Some of the leading companies in the ground mounted solar PV mounting systems sector are Versolsolar Hangzhou Co., Ltd., Clenergy, SOLTEC, Arctech, Schletter Group, UNIRAC, K2 Systems GmbH, Jinko Solar, Mounting Systems, and Xiamen Grace Solar New Energy Technology Co., Ltd.