Fixed Tilt Solar PV Market Research Report - Global Forecast till 2030

Fixed Tilt Solar PV Market Research Report: Information By Technology (Crystalline Silicone, Thin Film and Others), Application (On-Grid and Off-Grid) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2030

ID: MRFR/E&P/8873-HCR | February 2021 | Region: Global | 111 pages

Fixed Tilt Solar Pv Market Scenario


Fixed tilt solar PV market size is projected to reach USD 1.16 Billion by 2026, with a 14% CAGR between 2020 and 2026.


Fixed tilt solar PV modules are oriented at a fixed tilt and provide users with a cost advantage. Due to this factor, most users tend to choose fixed-tilt solar PV modules over the other alternatives. Furthermore, the cost of increasing the size of the installed panels is much higher than installing trackers on the panels.


The major factors driving the growth of the global fixed tilt solar PV market are the growing demand for electricity generation from solar energy and increasing government initiatives to adopt solar energy for electricity generation. Furthermore, the increasing demand for sustainable electricity generation to reduce the emission of harmful gases is also expected to have a substantial impact on the growth of the global fixed tilt solar PV market during the forecast period. Electrification of remote areas and regions in developing countries is expected to further increase the demand for fixed-tilt solar PV equipment during the forecast period. This is primarily due to the numerous initiatives being undertaken by government bodies to increase access to electricity in remote areas.


Many major players such as Canadian Solar, Yingli Solar, and Engie are actively focusing on R&D to reduce the manufacturing costs of solar equipment to increase the adoption of off-grid solar equipment. For instance, in July 2020, Skilancer Solar launched waterless robots for rooftop solar panels for cleaning the solar panels installed on residential rooftops. The development is expected to have a substantial impact on the growth of the company’s market share during the forecast period.


Key Players


The key players operating in the global fixed tilt solar PV market are Canadian Solar, Engie, First Solar, Unirac, Solar FlexRack, Trina Solar, Yingli Solar, JinkoSolar, Wuxi Suntech Power Co., Ltd, and SolarCity Corporation.


The global fixed tilt solar PV market has been segmented based on technology and application. Based on technology, the global market is segmented into crystalline silicone, thin film, and others. The crystalline silicone segment is expected to hold the largest share of the market during the forecast period, owing to the increasing installations of residential solar equipment. However, the thin film segment is expected to grow at the fastest rate during the forecast period due to the decreasing cost and high efficiency of the equipment. Based on application, the global market is segmented into on-grid and off-grid. The on-grid segment held the largest market share in 2019, while the off-grid segment is expected to grow with the highest CAGR during the forecast period due to increasing installations in remote areas.


Market Segmentation
Fixed Tilt Solar PV Market

The global fixed tilt solar PV market is expected to witness high growth during the forecast period owing to the increasing demand for low-cost off-grid electricity generation.  This is expected to drive the demand for the fixed tilt solar PV market during the forecast period.


Based on region, the fixed tilt solar PV market is segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. Asia-Pacific holds the largest market share of the fixed tilt solar PV market due to the increasing adoption of residential solar equipment in the region. Additionally, the fixed tilt solar PV market in Asia-Pacific is expected to grow at the fastest rate during the forecast period, primarily to the numerous government initiatives introduced in the region to increase the adoption of solar energy.


Intended Audience



  • Government and Research Organizations

  • Consulting Companies in the Renewable Energy Inverters Market

  • Raw Material Suppliers

  • Research Consultants

  • Investors and Shareholders



Report Scope:
Report Attribute/Metric Details
  Market Size

  • USD 1.16 Billion (2026)
  • 2030 : Significant value
  •   CAGR   14% (2022-2030)
      Base Year   2021
      Forecast Period   2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Technology, Application
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Canadian Solar, Engie, First Solar, Unirac, Solar FlexRack, Trina Solar, Yingli Solar, JinkoSolar, Wuxi Suntech Power Co., Ltd, and SolarCity Corporation.
      Key Market Opportunities   New product launches and R&D Amongst major key Players
      Key Market Drivers   Growing demand for low-cost off-grid electricity generation


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    Frequently Asked Questions (FAQ) :


    Global Fixed Tilt Solar PV Market is predicted to grow at a 14% CAGR between 2020- 2026.

    The fixed tilt solar PV market is predicted to reach USD 1.16 billion by 2026.

    Asia Pacific will lead the global fixed tilt solar PV market.

    Growing demand for low-cost off-grid electricity generation is driving the global fixed tilt solar PV market growth.

    Key contenders profiled in the global fixed tilt solar PV market include Canadian Solar, Engie, First Solar, Unirac, Solar FlexRack, Trina Solar, Yingli Solar, JinkoSolar, Wuxi Suntech Power Co., Ltd, and SolarCity Corporation.