The global demand for Photovoltaic Mounting System Market is presumed to reach the market size of nearly USD XX MN by 2030 from USD XX MN in 2022 with a CAGR of XX% under the study period 2023 - 2030.
Photovoltaic mounting systems are used to secure solar panels to the surface like the roof, building façades, or ground. They are metal stands that support the solar panels facing the sun. These mounting systems are made up of steel, aluminium, and alloys. Photovoltaic mounting systems are evolved with construction advancements and developed into building-integrated photovoltaics. Photovoltaic mounting systems are fitted as roof mounting, ground-based mounting with the support of pole mounts, foundation mounts, and ballasted footing mounts. Apart from this, they are mounted as shade structures that can provide shade and aesthetics. Photovoltaic mounting systems also accommodate solar panels on the windows and retrofitting of an existing building.
Market Dynamics
Flourishing solar energy technology, growing number of solar projects, and government offering numerous subsidies to solar energy users are key drivers fuelling demand for photovoltaic mounting systems. Photovoltaic solar technology is one of the most promising renewable energy sources. Governments of various countries, in compliance to clean energy policy, demand solar photovoltaic systems which further stimulate market growth of photovoltaic mounting systems. The rooftop segment of photovoltaic systems is expected to deliver profitable market growth. Industrial installations offer significant market growth as it requires large installations of systems. Key players are launching products with versatile and easy-to-install mounting systems that endure the most adverse weather for several years.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of photovoltaic mounting system. The growth and trends of photovoltaic mounting system industry provide a holistic approach to this study.
Market Segmentation
This section of the photovoltaic mounting system market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product Scope
- Rooftop Mounting System
- Ground Mounting System
By Application
- Residential
- Commercial
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Photovoltaic Mounting System market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Photovoltaic Mounting System Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the photovoltaic mounting system market include Schletter, Esdec, Unirac, Clenergy, Akcome, JZNEE, K2 Systems, DPW Solar, Mounting Systems, RBI Solar, PV Racking, Versolsolar. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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