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, 2020-2030F

Market Overview

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.

Evidencing this growth, according to SolarPower Europe, the world installed a record 597 GW of solar power in 2024, marking a significant increase over prior years. However, a substantial challenge impeding further market expansion is the escalating concern of grid integration, as existing electrical infrastructure often requires considerable upgrades to effectively accommodate the intermittent nature and increasing volume of renewable energy sources.

Key Market Drivers

The two most significant driving factors influencing the Global Photovoltaic Mounting System Market are the global increase in solar energy installations and the declining solar PV system costs. 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. According to SolarPower Europe, in June 2024, their Global Market Outlook for Solar Power 2024-2028 reported that the world grid-connected 447 GW of new solar capacity in 2023, representing a significant surge in demand for the underlying support infrastructure.

Complementing this growth, the consistent decline in solar PV system costs has made solar power more economically viable, thereby accelerating its adoption across various sectors. Lower material and manufacturing expenses for solar panels directly reduce the overall project cost, making solar investments more attractive to a broader range of consumers and investors. According to the IEA, between December 2022 and December 2023, global PV module spot prices decreased by 50% due to growing overcapacity in the supply chain, which further lowers the financial barrier to entry for solar projects and, consequently, increases the volume of installations requiring mounting solutions. This economic advantage is further underscored by the shifting landscape of solar deployment; according to the IEA, in 2023, utility-scale plants were responsible for 57% of global solar PV capacity additions, signifying a strong demand for large-scale, robust ground-mounted photovoltaic solutions that form a substantial segment of the mounting system market.

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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.

For instance, according to preliminary data from Lawrence Berkeley National Laboratory, by year-end 2023, approximately 1086 GW of solar projects awaited transmission interconnection in the United States alone. This considerable backlog of unbuilt capacity directly translates into suppressed demand for the specialized structures used to anchor solar panels, thereby constraining the market for photovoltaic mounting solutions. The inability of electrical grids to keep pace with the accelerating deployment of renewable energy curtails project viability and limits overall market potential.

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. According to SolarPower Europe, in December 2023, the cumulative installed capacity of floating PV installations globally reached 5.7 GW by the end of 2022, highlighting the nascent yet rapidly growing segment. Specialized mounting solutions are crucial for these environments, requiring robust materials and designs capable of withstanding water movement, corrosion, and varying environmental conditions. For instance, in April 2023, offshore specialist Oceans of Energy was awarded a contract to install 0.5 MW of floating solar modules in the Netherlands, designed to operate between offshore wind park turbines, demonstrating the evolving demands for water-based mounting structures.

The integration of smart technologies and IoT is transforming photovoltaic mounting systems by enabling real-time monitoring, predictive maintenance, and optimized energy production. This trend involves equipping mounting structures with sensors and data connectivity to collect information on structural integrity, environmental factors, and panel performance. With more than 1.6 TW of PV systems operational globally at the beginning of 2024, as reported by IEA-PVPS in their "TRENDS IN PHOTOVOLTAIC APPLICATIONS 2024" report, the need for intelligent management of these vast installations is clear. Smart systems allow for remote fault detection and dynamic adjustments, maximizing sunlight capture and reducing operational costs over the lifespan of a solar farm. Nextracker's TrueCapture software exemplifies this, having demonstrated proven gains across over 50 GW of projects globally, through intelligent yield optimization and control that adapts to site-specific conditions and mitigates shading.

Segmental Insights

The Global Photovoltaic Mounting System Market is experiencing rapid growth within its Fixed segment, driven by several compelling advantages for solar energy projects. This segment's expansion is primarily attributed to its inherent cost-effectiveness, stemming from simpler designs, fewer components, and subsequently reduced upfront investment and installation complexity. Furthermore, Fixed mounting systems offer enhanced reliability and durability due to the absence of moving parts, minimizing maintenance requirements and increasing resistance to harsh weather conditions. The straightforward installation process also contributes to faster deployment times and lower labor costs, making these systems a preferred choice across residential, commercial, and utility-scale applications where efficiency and long-term stability are paramount. Supportive government policies and incentives promoting solar energy further bolster the adoption of these practical solutions.

Regional Insights

The Asia Pacific region currently leads the Global Photovoltaic Mounting System Market, driven by robust solar energy initiatives and substantial investments in renewable infrastructure. Countries such as China, India, and Australia are at the forefront of this growth, supported by government policies, financial incentives, and declining solar panel costs. The increasing demand for clean energy solutions, coupled with a strong commitment to reducing carbon emissions, fuels significant adoption of solar power across residential, commercial, and utility-scale sectors. Furthermore, favorable regulatory frameworks and ambitious renewable energy targets in these nations significantly contribute to the region's dominance in the photovoltaic mounting systems market. The Asia Pacific region currently leads the Global Photovoltaic Mounting System Market, driven by robust solar energy initiatives and substantial investments in renewable infrastructure. Countries such as China, India, and Australia are at the forefront of this growth, supported by government policies, financial incentives, and declining solar panel costs. The increasing demand for clean energy solutions, coupled with a strong commitment to reducing carbon emissions, fuels significant adoption of solar power across residential, commercial, and utility-scale sectors. Furthermore, favorable regulatory frameworks and ambitious renewable energy targets in these nations significantly contribute to the region's dominance in the photovoltaic mounting systems market.

Recent Developments

• In July 2025, Arctech Solar showcased its "SkySmart II" intelligent tracking system, a significant product innovation resulting from advanced research. This system incorporates terrain-adaptive algorithms and meteorological data to enhance power generation by up to 12% in complex landscapes. The breakthrough focuses on optimizing energy capture and overcoming installation challenges in varied topographies. This development, part of the industry's technological upgrades, aims to improve the efficiency and reliability of photovoltaic mounting systems for large-scale solar farms globally.

• In January 2025, Terrasmart, a provider of solar racking systems, announced the successful integration of its fixed-tilt racks and TerraTrak 1P Single Axis Tracker with First Solar's Series 7 TR1 module. This partnership delivers a comprehensive domestically produced ground-mount offering for the American solar market, manufactured with 100% American structural steel and iron. The collaboration provides customers with a flexible pathway to meet the Inflation Reduction Act's domestic content requirements, maximizing project savings and ensuring a reliable supply chain for solar installations.

• In October 2024, Nextracker, a global leader in solar tracker technology, unveiled its NX Foundation Solutions portfolio at RE+ 2024 in California. This new product line includes innovative tracker foundation products engineered to address diverse soil conditions, thereby expanding the applicability of solar projects to more challenging terrains. The company also introduced new tracker models like the XTR 1.5, NX Hail Pro-75, and a Low Carbon Tracker designed to reduce the environmental impact of solar installations. These advancements aim to optimize performance, enhance durability, and streamline the construction of photovoltaic plants.

• In February 2024, Array Technologies, a major manufacturer of utility-scale solar tracking technology, announced a new strategic partnership with Aluminum Products Company (ALUPCO®). This collaboration aims to support the growing renewable energy market across the Middle East and North Africa. The partnership combines Array Technologies' solar technology with ALUPCO's aluminum extrusion capabilities to facilitate the expansion of solar projects in the region. This initiative is designed to enhance the deployment of leading solar solutions, catering to the increasing demand for sustainable energy infrastructure in these territories.

Key Market Players

• Schletter Group
• Unirac, Inc.
• K2 Systems GmbH
• Clenergy Group
• Tata International Ltd.
• Mounting Systems GmbH
• Risen Energy Co., Ltd.
• Xiamen Universe Solar Technology Co., Ltd.
• Renusol Europe GmbH
• IronRidge, Inc.

Report Scope:

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:

• Photovoltaic Mounting System Market, By Product Type:

o   Rooftop-mounted

o   Ground-mounted

• Photovoltaic Mounting System Market, By Application:

o   Fixed

o   Tracking

• Photovoltaic Mounting System Market, By End-User:

o   Residential

o   Commercial

o   Industrial

• Photovoltaic Mounting System Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Photovoltaic Mounting System Market.

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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:

Company Information

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