PUBLISHER: TechSci Research | PRODUCT CODE: 1886553
PUBLISHER: TechSci Research | PRODUCT CODE: 1886553
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The Global Photovoltaic Mounting System Market, valued at USD 16.06 Billion in 2024, is projected to experience a CAGR of 6.36% to reach USD 23.25 Billion by 2030. Photovoltaic (PV) mounting systems are specialized structures designed to securely anchor solar panels on diverse surfaces, including rooftops, building facades, and ground-mounted installations, thereby ensuring optimal orientation for efficient energy capture. The market's expansion is fundamentally supported by the continually declining costs of solar technology, supportive government incentives, and increasing global commitments towards renewable energy and carbon neutrality. These combined factors collectively reduce the economic barriers to entry, accelerating the widespread adoption of solar installations.
| Market Overview | |
|---|---|
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 16.06 Billion |
| Market Size 2030 | USD 23.25 Billion |
| CAGR 2025-2030 | 6.36% |
| Fastest Growing Segment | Fixed |
| Largest Market | Asia Pacific |
Key Market Drivers
The substantial expansion of solar energy capacity globally directly correlates with heightened demand for mounting structures. As more photovoltaic panels are deployed across diverse environments, from expansive solar farms to commercial rooftops, the need for secure, efficient, and durable mounting systems escalates proportionally to accommodate these installations.
Key Market Challenges
A significant challenging factor impeding the expansion of the Global Photovoltaic Mounting System Market is the escalating concern of grid integration. Existing electrical infrastructure frequently necessitates substantial upgrades to effectively manage the intermittent nature and increasing volume of renewable energy sources. This directly hampers the deployment of new solar installations, which in turn reduces the demand for associated mounting systems. When grid capacity is insufficient or connection processes are protracted, projects face delays or outright cancellations, creating a bottleneck for market growth.
Key Market Trends
The increased adoption of floating photovoltaic systems represents a significant shift in solar deployment, expanding the potential installation areas beyond traditional land-based or rooftop sites to water bodies such as reservoirs, lakes, and coastal areas. This trend addresses growing concerns over land scarcity and offers benefits like enhanced panel efficiency due to water cooling and reduced evaporation.
In this report, the Global Photovoltaic Mounting System Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies presents in the Global Photovoltaic Mounting System Market.
Global Photovoltaic Mounting System Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: