Summary
Table of Content
North America Ground Mounted Solar PV Mounting Systems Market
Get a free sample of this report
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Request Sectional Data
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
North America Ground Mounted Solar PV Mounting Systems Market Size
North America Ground Mounted Solar PV Mounting Systems Market was valued at USD 3.5 billion in 2023 and is anticipated to grow at a CAGR of 5.6% from 2024 to 2032. Ground-mounted solar PV mounting systems are structures used to securely install solar panels on the ground, typically in open areas including fields, vacant land, or commercial properties. These mounting systems provide a stable foundation for solar panels, allowing them to be angled optimally to capture sunlight for electricity generation. It can vary in design and configuration but generally consist of support structures, such as metal or concrete foundations, racks, and frames, which hold the solar panels in place.
To get key market trends
Growing demand for clean and renewable energy sources coupled with declining costs of solar technology will sway the business statistics. Upsurge in advancement of solar technology, manufacturing processes aligned with increasing government incentives, subsidies, and favorable regulatory frameworks will foster the industry dynamics.
North America Ground Mounted Solar PV Mounting Systems Market Report Attributes
| Key Takeaway | Details |
|---|---|
| Market Size & Growth | |
| Base Year | 2023 |
| Market Size in 2023 | USD 3.5 Billion |
| Forecast Period 2024 - 2032 CAGR | 5.6% |
| Market Size in 2032 | USD 5.6 Billion |
| Key Market Trends | |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
What are the growth opportunities in this market?
North America Ground Mounted Solar PV Mounting Systems Market Trends
Rising installation of solar PV for electricity generation coupled with escalating investments in clean energy infrastructure to build a resilient and sustainable economy will drive the business scenario. Moreover, gaining momentum of decentralized and resilient energy solution in line with expansion of utility scale solar projects will enhance the product demand.
North America Ground Mounted Solar PV Mounting Systems Market Analysis
Learn more about the key segments shaping this market
Based on technology, the tracking segment is projected to surpass USD 3 billion by 2032 owing to their ability to offer improved energy yield, cost effectiveness, and reliability will stimulate the industry landscape. Additionally, modular, and scalable designs along with technological advancements to enhance the efficiency and accuracy of the system will proliferate the product penetration.
Learn more about the key segments shaping this market
Based on end-use, the utility ground mounted solar PV mounting systems market is set to grow at CAGR of more than 5% through 2032. Capability to provide a stable foundation for solar panels and maximizing energy production in conjunction with growing awareness of the environmental and economic benefits of renewable energy sources including solar power will complement the industry scenario. Furthermore, rising investments in grid modernization and resilience initiatives to improve the reliability and stability of the electric grid will drive the business growth.
Looking for region specific data?
U.S. ground mounted solar PV mounting systems market is estimated to reach USD 5 billion by 2032. Increasing interest in community solar initiatives, driven by environmental awareness, energy cost savings, and equitable access to renewable energy along with growing research and development initiatives to improve performance will stimulate the product adoption. Projects contributing to the transition to a clean energy future by reducing greenhouse gas emissions, diversifying the energy mix, and promoting energy independence will augment the business landscape.
North America Ground Mounted Solar PV Mounting Systems Market Share
Ameresco, Inc., Arctech, Cantsink, Clenergy, GameChange Solar, Jinko Solar holds majority of the industry share. Larger manufacturers are consolidating the ground-mounted solar PV mounting systems market by acquiring smaller players to broaden their market share and geographic reach. Industry partnerships are enabling the development of integrated solutions, streamlining project development processes, and boosting market competitiveness. Stakeholders' collaborative efforts are propelling innovation, enhancing project economics, and expediting the deployment of utility-scale solar projects equipped will enhance the business trends.
North America Ground Mounted Solar PV Mounting Systems Market Companies
Major players operating in the North America ground mounted solar PV mounting systems industry are:
- Ameresco, Inc.
- Arctech
- Cantsink
- Clenergy
- GameChange Solar
- Jinko Solar
- Polar Racking
- Schletter Group
- SOLTEC
- UNIRAC
North America Ground Mounted Solar PV Mounting Systems Industry News
- In January 2024, Sunstall announced its achievement of Underwriters Laboratories certification for its vertical PV mounting system called as Sunzaun. This UL2703 standard is for reliability and safety purpose in U.S. The company has marked a strong presence and strengthened its product portfolio by complying to the rigorous standards.
- In July 2023, Ameresco Inc. and Valmont Industries installed the 718-kW direct current and 500 kW alternating current ground mounted PV modules using Valmont’s racking and convert single axis tracking system at Bristol facility. This system aimed to produce over 980 thousand kWh of electricity each year. The product deployment will enhance the company’s position in the market.
This North America ground mounted solar PV mounting systems market research report includes an in–depth coverage of the industry with estimates & forecast in terms of revenue in ‘USD Billion’ from 2019 to 2032, for the following segments:
Market, By Technology
- Fixed
- Tracking
Market, By End-Use
- Residential
- Commercial & Industrial
- Utility
The above information has been provided for the following countries:
- U.S.
- Canada
- Mexico
Frequently Asked Question(FAQ) :
How big is the North America ground mounted solar PV mounting systems industry?
The market size of North America ground mounted solar PV mounting systems was reached USD 3.5 billion in 2023 and is anticipated to grow at a 5.6% CAGR up to 2032, owing to the growing demand for clean and renewable energy sources coupled with declining costs of solar technology.
Why is the demand of utility ground mounted solar PV mounting systems growing in North America?
North America utility ground mounted solar PV mounting systems market is set to grow at more than 5% CAGR up to 2032, attributed to rising investments in grid modernization and resilience initiatives to improve the reliability and stability of the electric grid.
Why is U.S. ground mounted solar PV mounting systems industry expanding?
U.S. ground mounted solar PV mounting systems market is projected to surpass USD 5 billion by 2032, favored by environmental awareness, energy cost savings, and equitable access to renewable energy along with growing R&D initiatives to improve performance.
Mention the major players involved in North America ground mounted solar PV mounting systems market?
Ameresco, Inc., Arctech, Cantsink, Clenergy, GameChange Solar, Jinko Solar, Polar Racking, Schletter Group, SOLTEC and UNIRAC
