The Solar PV Mounting Systems market latest Brief 2022 is growing pervasively, witnessing an exponential growth backed by the increasing investments, competitive activities, global developments, opportunity, and business trends during forecast period till 2030. Incorporating acquisition, collaboration, partnership, and expansion the well-established players gain the competitive advantage to maintain their market position.
Solar PV Mounting Systems Market Overview
Solar PV Mounting Systems Market share is set to arrive at a valuation of USD 9,702.6 Mn by 2027, with a CAGR of 11.92% during the conjecture time frame. The growth of the solar PV mounting systems market is dependent on the growth of its parent market, solar energy market. The global solar PV demonstrated a substantial increase of 26% in 2017. The increasing demand for solar power is likely to catalyze the demand for solar PV mounting systems in the forthcoming years.
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.
Solar PV Mounting Systems market demonstrates a high growth potential which is likely to attract many entrants to the market resultantly, intensifying the competition further. Manufacturers strive to develop innovative materials, and best practices. Also, they make substantial investments in manufacturing & expansion program. Expansions help in reducing logistic cost and increase production capacities and potential to fetch larger turnovers.
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Globally Major key Players accelerates the Solar PV Mounting Systems Market are, Schletter Group, Unirac Inc., SolarWorld AG, K2 Systems GmbH, Quick Mount PV, Land Power Solar Technology Co. Ltd., RBI Solar Inc, Mounting System GmbH, Xiamen Grace Solar Technology Co. Ltd., Clenergy, Tata International Ltd., Xiamen Universe Solar Tech. Co. Ltd., Xiamen Corigy New Energy Technology Co. Ltd, PV Racking, Van der Valk Solar Systems BV
Most important Segments of Solar PV Mounting Systems market covered in this report are,
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.
By technology, the market is segmented into fixed and tracking. The fixed segment currently holds the maximum market share and is likely to retain its pole position through the forecast period. However, the tracking segment is expected to strike a higher CAGR in the foreseeable future.
By end-user, the market has been segmented into commercial, residential, and utilities. The utilities segment currently holds a dominant share of the market and is likely to retain its dominance over the next couple of years. It, also, is expected to register the highest CAGR of 12.22% across the review period.
Solar PV Mounting Systems Industry Influence of the global market report:
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The global Solar PV Mounting Systems market during the period has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with key experts such as CEOs VPs, directors, and executives. Finally, the global market breakdown and data triangulation procedures have been employed to complete the overall market engineering processes and functions and hence, arrive at the exact statistics for all segments and subsegments.
Solar PV Mounting Systems Market Regional Analysis
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 OF CONTENT
4 Market Dynamics
4.1 Introduction 27
4.2 Drivers 28
4.2.1 Demand For Mounting Structures Due To The Rise In The Number Of Solar Projects 28
4.2.2 Schemes To Promote The Installation Of Solar PV Mounting Systems 29
4.2.3 Drivers Impact Analysis 30
4.3 Restraint 30
4.3.1 Fluctuating Raw Materials Prices 30
4.3.2 Restraint Impact Analysis 32
4.4 Opportunity 32
4.4.1 Growing Trends In Building Integrated PV Systems 32
5 Market Factor Analysis
5.1 Supply Chain Analysis 34
5.1.1 Raw Materials 34
5.1.2 Manufacturing And Assembly 34
5.1.3 Distribution 34
5.1.4 Mounting 35
5.1.5 End-Use 35
5.2 Porter’s Five Forces Model 35
5.2.1 Threat Of New Entrants 35
5.2.2 Bargaining Power Of Suppliers 36
5.2.3 Threat Of Substitutes 36
5.2.4 Bargaining Power Of Buyers 36
5.2.5 Intensity Of Rivalry 36
6 Global Solar PV Mounting Systems Market, By Products
6.1 Overview 38
6.1.1 Rooftop 38
…Continue.
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