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Solar PV Mounting Systems Market Size By Technology (Fixed, Tracking), By Product (Ground Mounted, Rooftop), By End-Use (Residential, Commercial & Industrial, Utility), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2021 – 2028

  • Report ID: GMI1647
  • Published Date: Apr 2022
  • Report Format: PDF

Industry Trends

Solar PV Mounting Systems Market size valued at over USD 15.3 billion in 2021 and is estimated to grow at a CAGR of more than 3% between 2022 to 2028. Continuous development of high efficiency systems coupled with rising consumer shift towards sustainable energy systems will accelerate the market growth. Additionally, continuous decline in component costs in line with rising electricity demand will propel the market expansion.

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Growing inclination towards the replacement of conventional energy sources along with continuous technological advancement pertaining to increase the effectiveness of solar panels will augment the business landscape. Rising investments across private and public sectors for the deployment of renewable solutions along with increasing installation of off grid solar across developing nations will fuel the industry demand. Furthermore, favourable clean energy directives in line with rising concern towards carbon emission will foster the product penetration.

The market was marginally impacted due to the rising number of COVID-19 cases, witnessing a continuous decline in sales attributed to the delay in solar projects. However, continuous demand of sustainable electricity along with robust investment across private and public sectors have stimulated the industry growth. In addition, a decline in the number of infected cases and relaxation from strict government lockdowns have again boosted the industry expansion.

Ongoing technological advancements along with growing demand for clean electricity supply will spur the product demand across developing countries

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Tracking solar PV mounting systems market is projected to showcase 6% growth rate through 2028 propelled by the increasing demand for electricity along with enhanced integration of smart monitoring and control technologies with the exiting systems. New and advanced product developments with increased power output solutions offering higher efficiency coupled with government targets to replace the traditional systems with renewable power solutions will sway the product trends. Furthermore, growing carbon emission concern has shifted consumer preference towards sustainable power generation solution coupled with reduced component costs including trackers will further impel the industry value.

Stringent targets towards the installation of solar PV systems coupled with continuous decline in the component costs will drive the market progression. Moreover, continuous development of advanced and clean electricity sources in line with stringent laws and directives pertaining to raise green energy penetration will support the industry demand.

Increasing investments across utility scale in line with rising installation of distributed & off grid solar will foster the market revenue

Ground mounted segment is expected to reach USD 19 billion by 2028 owing to the introduction of various policies and regulations to curb GHG emission coupled with rising energy demand. Enhanced energy output, simple maintenance, and panel longevity in line with high electricity demand will influence the product deployment. Paradigm shift towards the installation of high capacity grostringent und mounted systems along with government policies including feed in Tariff (FiT) and power purchase agreements will further fuel the industry scenario.

Solar PV mounting systems market will register an upsurge on account of the strict government policies to reduce carbon emission coupled with increasing consumer inclination towards the adoption of sustainable energy systems. Rising private & public sector investment for the installation of off grid solar in line with increasing development of enhanced and efficient power solutions will influence the business dynamics. In addition, a significant increase in the replacement of traditional power solutions along with growing for sustainable electricity will further impel the industry progression.

Rapid acceptance of high-capacity solar projects coupled with government focus towards the development of energy efficient systems will spur the market value

Utility solar PV mounting systems market is slated to rise due to the continuous development of high efficiency solar PV projects coupled with stringent targets for clean power usage. Continuous reduction in cost of components followed by technological advancements along with encouraging regulatory measures including tax credits will positively boost the industry revenue. Moreover, increasing investments across utility scale pertaining to the development of clean power generation in line with growing electricity requirement will further stimulate the industry dynamics.

Encouraging government policies to curb carbon emissions will create growth opportunities for APAC region

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Asia Pacific solar PV mounting systems market is poised to attain a CAGR of 2% till 2028 led by the increasing installation of PV solar technologies across the industry to cater for the growing electricity demand. Strict government initiatives to including Feed in Tariff, investment subsidies and others coupled with the increasing funds will drive the industry size. In addition, the development of high capacity and efficient power generation systems coupled with growing consumer focus towards the adoption of clean energy solutions will foster the market growth.

Australia market is anticipated to cross USD 36 million by 2028. For instance, in March 2022, JinkoSolar Holding Co., Ltd., a solar module manufacturing company, announced the supply of its solar panels consisting of n-type Tiger Neo modules of 100 MW capacity to the Guangdong Energy Group. The company will supply the panels in the forthcoming projects of the company located in Huizhou, southern China. Moreover, growing distributed & off grid solar installation along with favorable norms and policies to achieve targets for solar PV installation will positively impact the industry scenario.

Strategic partnerships and collaborations among leading players will sway the industry progression

The major companies operating in the market are RBI Solar Inc., Schletter, Jinko Solar, Mounting Systems, UNIRAC Inc., K2 Systems GmbH, ESDEC B.V., Xiamen Grace Solar New Energy Technology Co., Ltd., Versolsolar Hangzhou Co., Ltd., Clenergy, SNS Corporation, Nextracker Inc., Array Technologies, Inc.., SunPower Corporation, Soltec, Arctech, First Solar, Convert Italia, PVHardware, STI Norland, GameChange Solar, Gonvarri Industries, ArcelorMittal, IDEEMATEC, and Aerocompact. Inorganic growth ventures, mergers and acquisitions in line with strategic plannings and development of advanced solar technologies will augment the industry expansion.

Solar PV Mounting Systems market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD” from 2018 to 2028, for the following segments:

Market, By Technology

  • Fixed
  • Tracking

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 country:

  • North America 
    • U.S.
    • Canada
    • Mexico
  • Europe 
    • UK
    • France
    • Netherlands
    • Italy
    • Germany
    • Sweden
    • Russia
    • Spain
    • Austria
  • Asia Pacific 
    • China
    • Australia
    • India
    • Japan
    • South Korea
    • Thailand
    • Philippines
    • Vietnam
    • Malaysia
    • Singapore
  • Middle East  
    • Israel
    • Saudi Arabia
    • UAE
    • Jordan
    • Kuwait
    • Turkey
  • Africa 
    • South Africa
    • Egypt
    • Algeria
    • Nigeria
    • Morocco
  • Latin America 
    • Brazil
    • Chile
    • Argentina
    • Peru


Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of solar PV mounting systems valued at more than USD 15 billion in 2021 and is anticipated to register over 3% CAGR during the forecast period of 2022-2028.
Tracking segment is projected to witness 6% CAGR through 2028 as these systems can easily integrate smart monitoring and control technologies with the existing units.
The ground mounted solar PV mounting system will be valued at USD 19 billion by 2028 as various policies and rules are being introduced to reduce GHG emissions.
Asia Pacific market will exhibit 2% CAGR through 2028 as PV solar technologies are being installed on a large scale across the region to keep up with the growing electricity demand.
Schletter, RBI Solar Inc., K2 Systems GmbH, ESDEC B.V., Clenergy, SNS Corporation, and Nextracker Inc., among several others, are the main players in this market.

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 27
  • Tables & Figures: 433
  • Countries covered: 37
  • Pages: 300
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

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