Photovoltaic Mounting System Market is expected to grow at a CAGR of 15.22%
Global
Photovoltaic Mounting System Market is expected to grow owing to continuous
decrease in the costs of photovoltaic systems, including solar panels and
mounting systems throughout the forecast period
According
to TechSci Research report, “Photovoltaic
Mounting System Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast 2019-2029”, the Global Photovoltaic Mounting
System Market is expected to register robust growth during the
forecast period.
One of the primary drivers
of the Photovoltaic Mounting System Market is the global demand for renewable
energy sources. As concerns about climate change and environmental
sustainability rise, there is a growing shift towards cleaner energy
alternatives. Solar power, harnessed through photovoltaic systems, is a
prominent solution to meet this demand. Governments, businesses, and homeowners
are increasingly adopting solar energy as a way to reduce their carbon
footprint and dependence on traditional fossil fuels. The need for efficient
and reliable mounting systems to support solar panels is consequently on the
rise.
The
global shift towards clean and sustainable energy sources creates a significant
opportunity for the Photovoltaic Mounting System Market. As countries and
businesses strive to reduce their carbon footprint and transition to renewable
energy, the demand for photovoltaic systems and mounting solutions is expected
to surge. Emerging economies, in particular, present a substantial opportunity
as they develop and expand their energy infrastructure, providing a conducive
environment for the adoption of solar power and associated mounting systems.
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Photovoltaic Mounting System Market"
Based
on product type, the
Rooftop-mounted segment is expected to dominate the market during the forecast
period. In the commercial and industrial sectors, rooftop-mounted photovoltaic
systems are becoming integral to sustainability strategies. Businesses are
adopting solar installations not only to lower operational costs but also to
showcase their commitment to environmental responsibility. Large commercial
buildings and industrial facilities often have expansive rooftops, providing
ample space for solar arrays. Mounting systems designed for these applications
must consider factors such as load-bearing capacity, wind resistance, and the
integration of tracking systems to maximize energy production. Government
policies and incentives have a significant impact on the rooftop-mounted
segment. Net metering, feed-in tariffs, and tax credits influence the economic
viability of rooftop installations, encouraging their adoption. Streamlined
permitting processes and supportive regulations contribute to the growth of
rooftop-mounted systems. However, challenges may arise due to variations in
policies across different regions, requiring industry stakeholders to navigate a
complex regulatory landscape. Opportunities for growth in the rooftop-mounted
segment extend beyond traditional buildings. Emerging trends include the
integration of solar installations into parking structures, awnings, and other
unconventional spaces, expanding the potential for rooftop-mounted photovoltaic
systems. In conclusion, the rooftop-mounted segment of the Global Photovoltaic
Mounting System Market continues to evolve, driven by technological
advancements, increasing adoption in residential and commercial sectors, and a
dynamic policy landscape. As innovations continue to address challenges and
create new opportunities, the rooftop-mounted segment is poised for sustained
growth in the global solar energy market.
Based
on end-user, the Commercial segment is projected to dominate the market
throughout the forecast period. Commercial buildings often require careful
consideration of aesthetics and architectural integration when deploying
photovoltaic systems. Mounting systems for the commercial segment are designed
not only for functionality and efficiency but also to complement the
architectural design of the building. Integrated solar solutions, such as
building-integrated photovoltaics (BIPV), are gaining popularity in the
commercial sector. These solutions seamlessly blend solar panels into the
building structure, providing an aesthetically pleasing and efficient energy
generation solution. The commercial segment is significantly influenced by the
regulatory environment and government incentives. Policies such as tax credits,
grants, and favorable tariff structures play a crucial role in encouraging
businesses to invest in solar energy. Net metering policies, which allow
businesses to offset their electricity bills by feeding excess energy into the
grid, are particularly important for the commercial segment. Navigating complex
regulatory landscapes and leveraging available incentives are essential
considerations for businesses seeking to deploy photovoltaic mounting systems.
Energy resilience is a growing concern for businesses, and photovoltaic systems
contribute to a more resilient energy infrastructure. Commercial entities are
recognizing the importance of having a diversified energy portfolio that
includes renewable sources to mitigate risks associated with power outages and
fluctuations in energy prices. Additionally, the integration of solar energy
aligns with corporate social responsibility goals, enhancing a company's image
and brand reputation. Many consumers and investors view businesses that embrace
sustainability practices more favorably. Continuous technological innovation is
evident in the commercial segment, with mounting systems evolving to meet the
specific needs of different commercial applications. This includes the
development of lightweight materials, flexible designs, and advanced tracking
systems to optimize energy capture. Smart technologies, such as monitoring
systems and predictive maintenance tools, are increasingly integrated into
commercial photovoltaic installations, ensuring efficient operation and
reducing downtime.
Key
market players in the Global Photovoltaic Mounting System Market are:-
- Schletter Group
- Unirac Inc.
- K2 Systems GmbH
- Clenergy
- Tata
International Limited
- Mounting
Systems Inc.
- Risen Energy
Co., Ltd.
- Van der Valk
Solar Systems BV
- Renusol GmbH
- Quick Mount PV
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“The
Global Photovoltaic Mounting System Market in Asia-Pacific is poised to be the
dominant force in the industry. Many
countries in the Asia-Pacific region have implemented supportive government
policies and incentives to promote solar energy adoption. These policies
include feed-in tariffs, tax credits, subsidies, and favorable regulatory
frameworks that encourage investment in photovoltaic systems. For example,
India's National Solar Mission and China's ambitious solar targets have been
instrumental in driving the demand for photovoltaic mounting systems by
creating a conducive environment for solar energy projects.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Photovoltaic
Mounting System Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast Segmented By Product Type (Rooftop-mounted and Ground-mounted), By
Application (Fixed and Tracking), By End-User (Residential, Commercial and
Industrial), By Region, and By Competition 2019-2029” has evaluated the future growth
potential of Global Photovoltaic Mounting System Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Photovoltaic Mounting System Market.
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