PUBLISHER: Value Market Research | PRODUCT CODE: 1448663
PUBLISHER: Value Market Research | PRODUCT CODE: 1448663
The global demand for Ground Mounted Solar PV Market is presumed to reach the market size of nearly USD 173.73 Million by 2032 from USD 102.22 Million in 2023 with a CAGR of 6.07% under the study period 2024 - 2032.
Ground-mounted solar photovoltaic (PV) refers to solar power systems installed on the ground rather than on rooftops or building structures. In these systems, solar panels are mounted on support structures in open areas, typically designed for large-scale electricity generation. Ground-mounted solar PV arrays offer advantages such as scalability, ease of maintenance, and optimal orientation for sunlight exposure. They play a significant role in contributing to renewable energy goals, providing an efficient and cost-effective solution for harnessing solar power on a utility-scale. These installations are vital components of the global effort to transition towards sustainable and clean energy sources.
The global push towards renewable energy and the transition to a low-carbon economy has scaled up the increased adoption of ground-mounted solar photovoltaic (PV) systems. These systems provide a scalable and cost-effective solution for large-scale solar power generation. Government incentives, subsidies, and favorable regulatory frameworks further drive market growth, encouraging investments in utility-scale solar projects. Additionally, advancements in solar technology and a reduction in PV module costs enhance the economic viability of ground-mounted solar installations. The growing trend of environmental sustainability and the need to diversify energy sources contribute to the expanding market share of ground-mounted solar PV systems. In the pursuit of achieving renewable energy targets and diminishing dependence on traditional power sources, the market for ground-mounted solar PV is set for ongoing growth. This momentum is propelled by the escalating significance of solar energy within the global energy mix.
The 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 ground mounted solar pv. The growth and trends of Ground Mounted Solar PV Industry provide a holistic approach to this study.
This section of the ground mounted solar pv market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Ground Mounted Solar PV 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.
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 ground mounted solar pv market include Jinko Solar, First Solar, REC Solar Holdings AS, CsunSolarTech, Solaria Corporation, LG Electronics, Yingli Solar, Renesola, SunPower Corporation, Risen Energy Co., Ltd., Vikram Solar Ltd., Su-vastika Solar, Versolsolar Hangzhou Co., Ltd., Clenergy, SOLTEC, Arctech, UNIRAC. 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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