Solar PV Mounting Systems Market is growing rapidly across the world according to a recent study report published by the Market Research Future on Global Solar PV Mounting Systems Market. Global Solar PV Mounting Systems industry is forecasted to witness steady growth by 2023. Report provides Solar PV Mounting Systems Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Solar PV Mounting Systems Key Players Analyzed Schletter Group, Clenergy, Xiamen Universe Solar Tech. Co. Ltd., Xiamen Corigy New Energy Technology Co. Ltd, PV Racking, Mounting System GmbH, SolarWorld AG, Van der Valk Solar Systems BV, Xiamen Grace Solar Technology Co. Ltd., Land Power Solar Technology Co. Ltd., Unirac Inc., Tata International Ltd., Quick Mount PV, K2 Systems GmbH and RBI Solar Inc.
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Global Solar PV Mounting Systems Market Highlights:
The global market for solar PV mounting systems is set to surpass a valuation of USD 23,100 Mn by the 2023. The market is expected to expand at a CAGR of 11.56% during the review period (2018-2023). The governments are endeavouring to minimize carbon emissions which have led to a shift towards renewable energy. Solar energy has gained popularity among the population as an economical source to reduce carbon footprints. This, in turn, has encouraged the governments to subsidize the manufacturing of solar mounting systems.
The escalation in demand for renewable energy sources has spurred the reliance on PV panels for energy generation. Reports that evaluate the energy and power industry have been made available by Market Research Future which creates reports on several industry verticals that review the market growth and prospects.
As a result, lucrative market opportunities have emerged. Many of the companies operating in the energy sector are increasingly investing in solar business owing to its high potentials. Demand for clean and sustainable energy is expected to rise further in the future. Realizing the scope, solar companies are rapidly expanding their product portfolio and proactively focusing on product innovation.
The technological innovations and developments in the solar PV mounting systems in terms of durability, efficiency, etc. are forecasted to open new avenues of growth in the global market. However, the price volatility of the raw materials such as steel and aluminum are expected to hold the growth of the market.
Segmental Analysis:
MRFR’s report offers a detailed segmental analysis of the market based on product, technology, and end-user. By product, the solar PV mounting systems market has been segmented into rooftop and ground mounted. The rooftop segment currently accounts for 52.13% share of the market and is projected to strike a CAGR of over 10% through the assessment period. Meanwhile, the ground mounted segment is forecasted to register a relatively higher CAGR and retain a dominant share towards the end of 2023.
On the basis of products, the solar PV mounting systems market is segmented into rooftop and ground mounted. The segmentation of the solar PV mounting systems market
on the basis of technology, solar PV mounting systems market comprises of tracking and fixed. Based on the end-users, the solar PV mounting systems market is segmented into commercial, residential, and utilities. The regions considered in the solar PV mounting systems market are Europe, North America, the Asia Pacific and the Rest of the World.
Regional Market Insights:
By region, the global solar PV mounting systems market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific is the largest market for solar PV mounting systems and is expected to retain a dominant position over the next few years. Led by China, the regional market is set to strike a CAGR of 11.78% during the forecast period. Meanwhile, India is projected to exhibit a comparatively higher growth rate in the region.
Europe is an important growth pocket and is prognosticated to remain highly lucrative throughout the assessment period. The increasing demand for solar power generation is favoring the proliferation of the regional market. The market in Europe is a highly challenging one owing to changes in regulatory frameworks, stagnant electricity demand, and tax regimes.
North America is poised to exhibit positive growth in the forthcoming years. According to IRENA, the installed capacity of solar energy in North America witnessed an increase of 8450 MW from 2016 to 2017. Rest of the World exhibits tremendous growth opportunities and is forecasted to register a relatively higher CAGR over the forecast period. The Middle East is likely to thrive at the highest CAGR of 21.48% in the Rest of the World region.
List Of Tables:
TABLE 1 MARKET SYNOPSIS 15
TABLE 1 LIST OF ASSUMPTIONS 25
TABLE 2 LIST OF THE LARGE SOLAR POWER PROJECTS 29
TABLE 3 GLOBAL SOLAR PV MOUNTING SYSTEMS MARKET, BY PRODUCT, 2016 TO 2023 (USD MILLION) 39
TABLE 4 GLOBAL SOLAR PV MOUNTING SYSTEMS MARKET, BY PRODUCT, 2016 TO 2023 (MW) 39
TABLE 5 GLOBAL SOLAR PV MOUNTING SYSTEMS MARKET, BY TECHNOOLOGY, 2016 TO 2023 (USD MILLION) 42
TABLE 6 GLOBAL SOLAR PV MOUNTING SYSTEMS MARKET, BY TECHNOOLOGY, 2016 TO 2023 (MW) 42
TABLE 7 GLOBAL SOLAR PV MOUNTING SYSTEMS MARKET, BY END-USR, 2016 TO 2023 (USD MILLION) 45
TABLE 8 GLOBAL SOLAR PV MOUNTING SYSTEMS MARKET, BY END-USER, 2016 TO 2023 (MW) 46
TABLE 9 GLOBAL SOLAR PV MOUNTING SYSTEMS MARKET, BY REGION, 2016 TO 2023 (USD MILLION) 48
TABLE 10 GLOBAL SOLAR PV MOUNTING SYSTEMS MARKET, BY REGION, 2016 TO 2023 (MW) 49
TABLE 11 ASIA-PACIFIC SOLAR PV MOUNTING SYSTEMS MARKET, BY COUNTRY, 2016 TO 2023 (USD MILLION) 50
TABLE 12 ASIA-PACIFIC SOLAR PV MOUNTING SYSTEMS MARKET, BY COUNTRY, 2016 TO 2023 (MW) 51
TABLE 13 ASIA-PACIFIC SOLAR PV MOUNTING SYSTEMS MARKET, BY PRODUCT, 2016 TO 2023 (USD MILLION) 51
TABLE 14 ASIA-PACIFIC SOLAR PV MOUNTING SYSTEMS MARKET, BY PRODUCT, 2016 TO 2023 (MW) 51
TABLE 15 ASIA-PACIFIC SOLAR PV MOUNTING SYSTEMS MARKET, BY TECHNOLOGY, 2016 TO 2023 (USD MILLION) 52
TABLE 16 ASIA-PACIFIC SOLAR PV MOUNTING SYSTEMS MARKET, BY TECHNOLOGY, 2016 TO 2023 (MW) 52
TABLE 17 ASIA-PACIFIC SOLAR PV MOUNTING SYSTEMS MARKET, BY END-USER, 2016 TO 2023 (USD MILLION) 52
TABLE 18 ASIA-PACIFIC SOLAR PV MOUNTING SYSTEMS MARKET, BY END-USER, 2016 TO 2023 (MW) 53
TABLE 19 CHINA SOLAR PV MOUNTING SYSTEMS MARKET, BY PRODUCT, 2016 TO 2023 (USD MILLION) 53
TABLE 20 CHINA SOLAR PV MOUNTING SYSTEMS MARKET, BY PRODUCT, 2016 TO 2023 (MW) 54
TABLE 21 CHINA SOLAR PV MOUNTING SYSTEMS MARKET, BY TECHNOLOGY, 2016 TO 2023 (USD MILLION) 54
TABLE 22 CHINA SOLAR PV MOUNTING SYSTEMS MARKET, BY TECHNOLOGY, 2016 TO 2023 (MW) 54
TABLE 23 CHINA SOLAR PV MOUNTING SYSTEMS MARKET, BY END-USER, 2016 TO 2023 (USD MILLION) 55
TABLE 24 CHINA SOLAR PV MOUNTING SYSTEMS MARKET, BY END-USER, 2016 TO 2023 (MW) 55
TABLE 25 INDIA SOLAR PV MOUNTING SYSTEMS MARKET, BY PRODUCT, 2016 TO 2023 (USD MILLION) 56
TABLE 26 INDIA SOLAR PV MOUNTING SYSTEMS MARKET, BY PRODUCT, 2016 TO 2023 (MW) 56
TABLE 27 INDIA SOLAR PV MOUNTING SYSTEMS MARKET, BY TECHNOLOGY, 2016 TO 2023 (USD MILLION) 57
TABLE 28 INDIA SOLAR PV MOUNTING SYSTEMS MARKET, BY TECHNOLOGY, 2016 TO 2023 (MW) 57
TABLE 29 INDIA SOLAR PV MOUNTING SYSTEMS MARKET, BY END-USER, 2016 TO 2023 (USD MILLION) 57
TABLE 30 INDIA SOLAR PV MOUNTING SYSTEMS MARKET, BY END-USER, 2016 TO 2023 (MW) 58
Continued…
List Of Figures:
FIGURE 1 GLOBAL SOLAR PV MOUNTING SYSTEMS MARKET: MARKET STRUCTURE 19
FIGURE 2 KEY ADOPTION CRITERIA OF GLOBAL SOLAR PV MOUNTING SYSTEMS MARKET 19
FIGURE 3 RESEARCH PROCESS OF MRFR 21
FIGURE 4 TOP DOWN & BOTTOM UP APPROACH 24
FIGURE 5 MARKET DYNAMICS OVERVIEW: GLOBAL SOLAR PV MOUNTING SYSTEMS MARKET 27
FIGURE 6 DRIVERS IMPACT ANALYSIS: SOLAR PV MOUNTING SYSTEMS MARKET 30
FIGURE 7 GLOBAL HISTORIC ALUMINIUM PRICES, 2010-2017 (USD/TONNE) 31
FIGURE 8 GLOBAL HISTORIC STEEL PRICES, 2010-2017 (USD/TONNE) 31
FIGURE 9 RESTRAINT IMPACT ANALYSIS: SOLAR PV MOUNTING SYSTEMS MARKET 32
FIGURE 10 SUPPLY CHAIN: SOLAR PV MOUNTING SYSTEMS MARKET 34
FIGURE 12 GLOBAL SOLAR PV MOUNTING SYSTEMS MARKET, BY PRODUCT, 2017 (% SHARE) 39
FIGURE 13 GLOBAL SOLAR PV MOUNTING SYSTEMS MARKET, BY TECHNOLOGY, 2017 (% SHARE) 41
FIGURE 14 GLOBAL SOLAR PV MOUNTING SYSTEMS MARKET, BY END-USER, 2017 (% SHARE) 45
FIGURE 15 GLOBAL SOLAR PV MOUNTING SYSTEMS MARKET, BY REGION, 2017 (% SHARE) 48
FIGURE 16 ASIA-PACIFIC SOLAR PV MOUNTING SYSTEMS MARKET, BY COUNTRY, 2017 (% SHARE) 50
FIGURE 17 EUROPE SOLAR PV MOUNTING SYSTEMS MARKET, BY COUNTRY, 2017 (% SHARE) 65
FIGURE 18 NORTH AMERICA SOLAR PV MOUNTING SYSTEMS MARKET, BY COUNTRY, 2017 (% SHARE) 80
FIGURE 19 REST OF THE WORLD SOLAR PV MOUNTING SYSTEMS MARKET, BY COUNTRY, 2017 (% SHARE) 87
FIGURE 20 AFRICA SOLAR PV MOUNTING SYSTEMS MARKET, BY PRODUCT, 2016 TO 2023 (USD MILLION) 94
Continued…
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