North America Ground Mounted Solar PV Mounting Systems Market Analysis

North America Ground Mounted Solar PV Mounting Systems Market Analysis

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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.
 

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.
 

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.