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Ground-Mount PV Utility Market

ID: MRFR/EnP/33486-HCR
111 Pages
Chitranshi Jaiswal
October 2025

Ground-Mount PV Utility Market Research Report By System Type (Single-Axis Tracking, Fixed Tilt, Dual-Axis Tracking, Vertical Ground Mount), By Technology (Crystalline Silicon, Thin-Film, Bifacial), By Installation Type (On-Ground, Hybrid, Integrated), By End User (Utility Companies, Independent Power Producers, Commercial) and  By Regional (North America, Europe, South America, Asia-Pacific, Middle East and Africa)  - Forecast to 2035

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Ground-Mount PV Utility Market Summary

As per MRFR analysis, the Ground-Mount PV Utility Market Size was estimated at 24.32 USD Billion in 2024. The Ground-Mount PV Utility industry is projected to grow from 26.13 USD Billion in 2025 to 53.61 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 7.45 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Ground-Mount PV Utility Market is poised for substantial growth driven by technological advancements and regulatory support.

  • North America remains the largest market for ground-mount PV utilities, showcasing robust investment and deployment.
  • The Asia-Pacific region is emerging as the fastest-growing market, fueled by increasing energy demands and supportive policies.
  • Single-axis tracking systems dominate the market, while fixed tilt systems are experiencing rapid growth due to their cost-effectiveness.
  • Rising demand for renewable energy and technological innovations in solar technology are key drivers propelling market expansion.

Market Size & Forecast

2024 Market Size 24.32 (USD Billion)
2035 Market Size 53.61 (USD Billion)
CAGR (2025 - 2035) 7.45%

Major Players

First Solar (US), Canadian Solar (CA), Trina Solar (CN), JinkoSolar (CN), LONGi Green Energy (CN), SunPower (US), Enphase Energy (US), Sungrow Power Supply (CN), Risen Energy (CN)

Ground-Mount PV Utility Market Trends

The Ground-Mount PV Utility Market is currently experiencing a transformative phase, driven by a confluence of technological advancements and evolving regulatory frameworks. As nations increasingly prioritize renewable energy sources, the demand for ground-mounted photovoltaic systems is on the rise. This market segment appears to be gaining traction due to its ability to harness solar energy efficiently, particularly in regions with ample land availability. Furthermore, the integration of innovative technologies, such as bifacial solar panels and advanced tracking systems, seems to enhance energy output, thereby attracting investment and interest from various stakeholders. In addition to technological progress, the Ground-Mount PV Utility Market is influenced by shifting policy landscapes and financial incentives aimed at promoting sustainable energy solutions. Governments worldwide are implementing supportive measures, which may include tax credits, grants, and streamlined permitting processes. These initiatives could potentially lower the barriers to entry for new projects, fostering a more competitive environment. As the market evolves, it is likely that collaboration among industry players, including manufacturers, developers, and utilities, will become increasingly vital to navigate challenges and capitalize on emerging opportunities.

Technological Advancements

The Ground-Mount PV Utility Market is witnessing rapid technological innovations that enhance efficiency and reduce costs. Developments in solar panel design, such as bifacial technology, allow for greater energy capture. Additionally, advancements in tracking systems enable panels to follow the sun's trajectory, optimizing energy production throughout the day.

Regulatory Support

Government policies are playing a crucial role in shaping the Ground-Mount PV Utility Market. Many countries are introducing favorable regulations and incentives to encourage investment in renewable energy. These measures may include subsidies, tax breaks, and simplified permitting processes, which could facilitate project development and deployment.

Increased Investment

There appears to be a growing interest from investors in the Ground-Mount PV Utility Market. As the global focus shifts towards sustainability, financial institutions and private investors are increasingly allocating resources to solar projects. This trend may lead to enhanced funding opportunities and the emergence of new market players.

Ground-Mount PV Utility Market Drivers

Supportive Regulatory Frameworks

The establishment of supportive regulatory frameworks is a vital driver for the Ground-Mount PV Utility Market. Governments worldwide are implementing policies that promote the adoption of solar energy, including tax incentives, feed-in tariffs, and renewable energy mandates. These regulations create a conducive environment for investment in ground-mounted solar projects. For instance, many regions have set ambitious renewable energy targets, which necessitate the expansion of solar capacity. Data shows that countries with robust regulatory support have seen a marked increase in solar installations, with ground-mounted systems often being favored for their scalability. This regulatory backing not only reduces financial risks for investors but also encourages technological innovation within the Ground-Mount PV Utility Market. As these frameworks evolve, they are likely to further stimulate market growth and attract new players into the sector.

Rising Demand for Renewable Energy

The increasing global emphasis on renewable energy sources is a primary driver for the Ground-Mount PV Utility Market. As nations strive to meet ambitious climate goals, the demand for solar energy continues to rise. According to recent data, solar energy capacity has expanded significantly, with ground-mounted systems accounting for a substantial portion of this growth. This trend is likely to persist as governments and corporations alike seek sustainable energy solutions. The Ground-Mount PV Utility Market is positioned to benefit from this shift, as these systems offer efficient land use and scalability. Furthermore, the integration of solar energy into national grids is becoming more prevalent, enhancing the attractiveness of ground-mounted solar installations. This growing demand for renewable energy not only supports environmental objectives but also stimulates economic growth, creating a favorable environment for investment in the Ground-Mount PV Utility Market.

Increasing Energy Security Concerns

Concerns regarding energy security are becoming increasingly prominent, driving interest in the Ground-Mount PV Utility Market. As geopolitical tensions and supply chain vulnerabilities emerge, nations are seeking to diversify their energy sources to reduce dependence on fossil fuels. Ground-mounted solar installations provide a reliable and sustainable energy solution that can enhance energy independence. Data suggests that countries investing in renewable energy infrastructure, including ground-mounted solar, are better positioned to withstand energy supply disruptions. This shift towards energy security is likely to accelerate the adoption of solar technologies, as governments and businesses recognize the strategic importance of renewable energy. The Ground-Mount PV Utility Market stands to gain from this trend, as more stakeholders prioritize investments in resilient energy systems that can withstand external shocks and contribute to long-term sustainability.

Economic Viability and Cost Competitiveness

The economic viability of ground-mounted solar systems is a significant driver for the Ground-Mount PV Utility Market. As the cost of solar technology continues to decline, ground-mounted installations are becoming increasingly attractive to investors and developers. Recent data indicates that the levelized cost of electricity (LCOE) from solar has reached competitive levels compared to conventional energy sources. This cost competitiveness is bolstered by economies of scale associated with larger ground-mounted projects, which can lead to lower installation and operational costs. Furthermore, the financial landscape for renewable energy is evolving, with more financing options available for solar projects. This trend enhances the attractiveness of ground-mounted solar investments, as stakeholders recognize the potential for favorable returns. As economic conditions continue to favor renewable energy, the Ground-Mount PV Utility Market is likely to experience sustained growth and increased participation from various market players.

Technological Innovations in Solar Technology

Technological advancements play a crucial role in shaping the Ground-Mount PV Utility Market. Innovations in photovoltaic technology, such as bifacial solar panels and improved inverter systems, enhance the efficiency and output of ground-mounted solar installations. These advancements have led to a decrease in the cost per watt of solar energy, making it more competitive with traditional energy sources. Data indicates that the efficiency of solar panels has improved significantly over the past decade, with some models achieving efficiencies above 22%. This trend is expected to continue, further driving the adoption of ground-mounted systems. Additionally, advancements in energy storage solutions complement these technologies, allowing for better energy management and reliability. As these innovations proliferate, they are likely to attract more investments into the Ground-Mount PV Utility Market, fostering a cycle of growth and technological enhancement.

Market Segment Insights

By System Type: Single-Axis Tracking (Largest) vs. Fixed Tilt (Fastest-Growing)

In the Ground-Mount PV Utility Market, Single-Axis Tracking systems hold the largest market share due to their efficiency in optimizing solar energy capture. Following closely is Fixed Tilt, which continues to gain ground with about 30% of installations in recent years. Dual-Axis Tracking and Vertical Ground Mount represent smaller segments, but they are critical in specific geographic and climatic conditions that demand flexibility in solar energy collection. As the demand for solar power grows, these various systems provide tailored solutions to meet user needs. Growth trends indicate a shift towards more dynamic solar collection solutions such as Dual-Axis Tracking systems, recognized for their ability to adapt to the sun's movement throughout the day. Meanwhile, Fixed Tilt remains a reliable choice for cost-sensitive projects, cementing its position as the fastest-growing segment. The ongoing decline in manufacturing costs and increased incentives for renewable energy are propelling this segment's development and adoption across various markets. Enthusiasm for innovative solar technologies indicates that the potential for expansion in this field is significant, capturing both investor interest and consumer curiosity.

Tracking Systems: Single-Axis (Dominant) vs. Dual-Axis (Emerging)

Single-Axis Tracking systems have established themselves as the dominant option in the Ground-Mount PV Utility Market due to their ability to increase energy production by following the sun's trajectory. This adaptability allows for significant increases in efficiency when compared to Fixed Tilt systems, particularly in areas with high solar irradiation. However, Dual-Axis Tracking systems, while not as widespread, are emerging with unique advantages as they adjust both horizontally and vertically, maximizing solar capture throughout the day regardless of seasonal changes. Their more complex mechanisms also cater to specific projects where space constraints or high energy yield demands dictate their necessity. This adaptability positions Dual-Axis Tracking as a strong competitor, appealing especially to innovative energy solutions and advanced solar farms.

By Technology: Crystalline Silicon (Largest) vs. Thin-Film (Fastest-Growing)

In the Ground-Mount PV Utility Market, the technology segment showcases a notable distribution across three primary types: Crystalline Silicon, Thin-Film, and Bifacial. Crystalline Silicon remains the dominant technology, accounting for a significant majority of market share due to its proven efficiency and reliability. In contrast, Thin-Film technology, while holding a smaller share, is rapidly gaining traction due to its flexibility and lower production costs. Bifacial technology, known for its ability to harness sunlight on both sides of the panels, is emerging as a competitive option but remains limited compared to the other technologies.

Technology: Crystalline Silicon (Dominant) vs. Thin-Film (Emerging)

Crystalline Silicon technology stands as the dominant player in the Ground-Mount PV Utility Market, well-regarded for its high efficiency and extensive application in both small-scale and utility-scale installations. Its established manufacturing processes and robust performance under diverse environmental conditions solidify its market position. On the other hand, Thin-Film technology is recognized as an emerging contender, offering unique advantages like lower material costs and lightweight properties, making it suitable for certain applications where traditional modules may be less effective. The growing interest in sustainable energy solutions fuels Thin-Film's expansion, attracting investments and innovation that promise remarkable advancements in the coming years.

By Installation Type: On-Ground (Largest) vs. Hybrid (Fastest-Growing)

The Ground-Mount PV Utility Market showcases a diverse landscape characterized by three primary installation types: On-Ground, Hybrid, and Integrated systems. On-Ground systems hold the largest market share, driven by their simplicity in design and installation, making them a preferred choice for expansive solar farms. In contrast, Hybrid installations, blending various energy sources, represent a growing segment, indicating a shift in consumer preference towards versatile energy solutions. The growth trends indicate a robust increase in Hybrid systems, attributed to technological advancements and supportive regulatory frameworks. As sustainability becomes a focal point for energy generation, Hybrid systems cater to the demand for flexible energy sources, further propelling their adoption. Additionally, the integration of smart technologies into these installation types fosters enhanced efficiency, ultimately driving market growth in this sector.

On-Ground (Dominant) vs. Hybrid (Emerging)

The On-Ground segment stands as the dominant player in the Ground-Mount PV Utility Market, favored for its straightforward installation processes and lower upfront costs. These systems are typically deployed in large open spaces, making them ideal for utility-scale projects. Their established reputation and reliability put them at the forefront of solar energy generation. Conversely, the Hybrid segment emerges as an innovative solution that combines traditional solar PV with other renewable sources, enhancing energy resilience and efficiency. This configuration appeals to a growing number of utilities seeking to modernize their energy infrastructure. While On-Ground systems continue to command the majority of the market, the Hybrid segment's adaptability and versatility position it well for future growth.

By End User: Utility Companies (Largest) vs. Independent Power Producers (Fastest-Growing)

In the Ground-Mount PV Utility Market, the market share is predominantly held by Utility Companies, which have established infrastructures and resource capabilities to invest in large-scale solar projects. They represent the largest segment, leveraging government incentives and renewable energy mandates to integrate solar power into their energy mix. Independent Power Producers, while smaller in market share, are rapidly expanding due to increasing demand for renewable energy solutions and favorable regulatory environments. These segments are crucial in driving the transition toward sustainable energy.

Utility Companies (Dominant) vs. Independent Power Producers (Emerging)

Utility Companies dominate the Ground-Mount PV Utility Market, owning and operating extensive solar farms that contribute significantly to the renewable energy landscape. Their established presence allows them to benefit from economies of scale, resulting in lower costs per megawatt. Conversely, Independent Power Producers are positioned as the emerging force in this market, characterized by their agility and ability to quickly adapt to market changes. They focus on innovation and project financing to capitalize on opportunities in the renewable sector, often partnering with businesses or municipalities to deliver solar solutions. This dynamic creates a competitive environment that fosters growth and diversification in the market.

Get more detailed insights about Ground-Mount PV Utility Market

Regional Insights

North America : Renewable Energy Leader

North America is witnessing significant growth in the Ground-Mount PV Utility Market, driven by favorable government policies, technological advancements, and increasing demand for renewable energy. The United States holds the largest market share at approximately 70%, followed by Canada at around 15%. Regulatory incentives, such as the Investment Tax Credit (ITC), are catalyzing investments in solar infrastructure, enhancing market dynamics. The competitive landscape is dominated by key players like First Solar, SunPower, and Canadian Solar, which are leading the charge in innovation and capacity expansion. The U.S. market is characterized by large-scale solar farms, while Canada is focusing on community solar projects. The presence of established companies and new entrants is fostering a robust ecosystem, ensuring a steady supply of advanced solar technologies and solutions.

Europe : Sustainable Energy Transition

Europe is rapidly advancing in the Ground-Mount PV Utility Market, driven by ambitious renewable energy targets and stringent climate policies. Germany and Spain are the largest markets, holding approximately 30% and 20% market shares, respectively. The European Union's Green Deal and national initiatives are pivotal in promoting solar energy adoption, aiming for a significant reduction in carbon emissions by 2030. Leading countries like Germany, Spain, and France are at the forefront of this transition, supported by major players such as Trina Solar and JinkoSolar. The competitive landscape is marked by a mix of established firms and innovative startups, enhancing technological advancements. The region's commitment to sustainability is evident in its investments in solar infrastructure, ensuring a robust growth trajectory for the Ground-Mount PV Utility Market.

Asia-Pacific : Emerging Solar Powerhouse

The Asia-Pacific region is emerging as a powerhouse in the Ground-Mount PV Utility Market, driven by rapid industrialization, urbanization, and government support for renewable energy. China leads the market with a staggering 50% share, followed by India at around 15%. The Chinese government's commitment to solar energy, coupled with favorable policies, is propelling massive investments in solar infrastructure, making it a global leader in solar capacity. Countries like China, India, and Japan are key players in this market, with companies such as LONGi Green Energy and Sungrow Power Supply leading the charge. The competitive landscape is characterized by aggressive pricing and technological innovation, ensuring a steady supply of advanced solar solutions. The region's focus on sustainability and energy security is driving the growth of the Ground-Mount PV Utility Market, positioning it for future expansion.

Middle East and Africa : Resource-Rich Solar Potential

The Middle East and Africa region is witnessing a burgeoning interest in the Ground-Mount PV Utility Market, driven by abundant solar resources and increasing energy demands. Countries like South Africa and the UAE are leading the charge, with South Africa holding approximately 25% of the market share. Government initiatives and international investments are catalyzing the development of solar projects, aiming to diversify energy sources and enhance energy security. In South Africa, the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) is fostering a competitive environment for solar energy projects. Key players like JinkoSolar and Risen Energy are actively participating in this market, contributing to the region's solar capacity. The competitive landscape is evolving, with a focus on innovative financing models and partnerships to accelerate solar deployment, ensuring a sustainable energy future for the region.

Ground-Mount PV Utility Market Regional Image

Key Players and Competitive Insights

The Ground-Mount PV Utility Market is currently characterized by a dynamic competitive landscape, driven by increasing demand for renewable energy solutions and supportive government policies. Major players such as First Solar (US), Canadian Solar (CA), and LONGi Green Energy (CN) are strategically positioning themselves through innovation and regional expansion. First Solar (US) focuses on advanced thin-film technology, which enhances efficiency and reduces costs, while Canadian Solar (CA) emphasizes its global footprint and diversified product offerings. LONGi Green Energy (CN) is heavily investing in R&D to improve solar cell efficiency, thereby enhancing its competitive edge. Collectively, these strategies foster a competitive environment that prioritizes technological advancement and market responsiveness.

Key business tactics within the Ground-Mount PV Utility Market include localizing manufacturing and optimizing supply chains to mitigate risks associated with global disruptions. The market appears moderately fragmented, with several key players exerting influence over regional markets. This fragmentation allows for a variety of competitive strategies, as companies seek to differentiate themselves through localized solutions and tailored offerings that meet specific regional demands.

In August 2025, First Solar (US) announced a significant partnership with a leading utility provider to develop a 500 MW solar project in the southwestern United States. This collaboration not only underscores First Solar's commitment to expanding its project pipeline but also highlights its strategic focus on large-scale utility projects, which are essential for meeting growing energy demands. The partnership is expected to enhance First Solar's market share and reinforce its position as a leader in the utility-scale solar sector.

In September 2025, Canadian Solar (CA) unveiled its new manufacturing facility in Brazil, aimed at localizing production to better serve the South American market. This strategic move is indicative of Canadian Solar's intent to capitalize on the region's burgeoning demand for renewable energy. By establishing a local presence, the company can reduce logistics costs and improve supply chain efficiency, thereby enhancing its competitive positioning in a rapidly growing market.

In July 2025, LONGi Green Energy (CN) launched a new line of high-efficiency solar panels designed specifically for ground-mounted installations. This product introduction is significant as it reflects LONGi's ongoing commitment to innovation and its ability to respond to market needs. The new panels are expected to offer improved performance and durability, potentially attracting a broader customer base and solidifying LONGi's reputation as a technology leader in the solar industry.

As of October 2025, the competitive trends within the Ground-Mount PV Utility Market are increasingly defined by digitalization, sustainability, and the integration of artificial intelligence in operations. Strategic alliances are becoming more prevalent, as companies recognize the value of collaboration in enhancing technological capabilities and market reach. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition to a focus on innovation, advanced technology, and supply chain reliability, as companies strive to meet the growing expectations of environmentally conscious consumers and regulatory bodies.

Key Companies in the Ground-Mount PV Utility Market market include

Industry Developments

Recent developments in the  Ground-Mount PV Utility Market reflect a robust growth trajectory, with companies like JinkoSolar, Trina Solar, and Canadian Solar ramping up their production capabilities to meet the increasing  demand for renewable energy. The market has seen advancements in technology with increased efficiency in photovoltaic cells, driven by firms such as First Solar and JA Solar, which have committed to enhancing their sustainable energy solutions.

Additionally, companies like Enphase Energy and SunPower are focusing on energy storage solutions to complement ground-mounted solar installations. Recent mergers and acquisitions have garnered attention, such as First Solar's announcement of strategic partnerships to expand its project pipeline, reinforcing its position in the market.

Furthermore, the entry of Lion Aerial into large-scale projects hints at increased competition among existing players, positioning itself to leverage existing infrastructure. The financial landscape has become more favorable, with higher market valuations observed, prompting further investment from firms like LONGi Green Energy and Q CELLS, as they strive to capitalize on government incentives and sustainability initiatives ly. These developments indicate a vibrant and competitive market poised for significant growth in the coming years.

Future Outlook

Ground-Mount PV Utility Market Future Outlook

The Ground-Mount PV Utility Market is projected to grow at a 7.45% CAGR from 2024 to 2035, driven by technological advancements, regulatory support, and increasing energy demand.

New opportunities lie in:

  • Expansion into emerging markets with tailored financing solutions.
  • Development of hybrid systems integrating solar and energy storage.
  • Partnerships with local governments for large-scale solar projects.

By 2035, the market is expected to solidify its position as a leader in renewable energy solutions.

Market Segmentation

Ground-Mount PV Utility Market End User Outlook

  • Utility Companies
  • Independent Power Producers
  • Commercial

Ground-Mount PV Utility Market Technology Outlook

  • Crystalline Silicon
  • Thin-Film
  • Bifacial

Ground-Mount PV Utility Market System Type Outlook

  • Single-Axis Tracking
  • Fixed Tilt
  • Dual-Axis Tracking
  • Vertical Ground Mount

Ground-Mount PV Utility Market Installation Type Outlook

  • On-Ground
  • Hybrid
  • Integrated

Report Scope

MARKET SIZE 202424.32(USD Billion)
MARKET SIZE 202526.13(USD Billion)
MARKET SIZE 203553.61(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)7.45% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies ProfiledMarket analysis in progress
Segments CoveredMarket segmentation analysis in progress
Key Market OpportunitiesIntegration of advanced energy storage solutions enhances efficiency in the Ground-Mount PV Utility Market.
Key Market DynamicsRising demand for renewable energy drives innovation and competition in the Ground-Mount Photovoltaic Utility Market.
Countries CoveredNorth America, Europe, APAC, South America, MEA

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FAQs

What is the projected market valuation for the Ground-Mount PV Utility Market in 2035?

The projected market valuation for the Ground-Mount PV Utility Market in 2035 is 53.61 USD Billion.

What was the market valuation of the Ground-Mount PV Utility Market in 2024?

The market valuation of the Ground-Mount PV Utility Market in 2024 was 24.32 USD Billion.

What is the expected CAGR for the Ground-Mount PV Utility Market from 2025 to 2035?

The expected CAGR for the Ground-Mount PV Utility Market during the forecast period 2025 - 2035 is 7.45%.

Which system type segment is projected to have the highest valuation by 2035?

The Fixed Tilt system type segment is projected to reach a valuation of 22.0 USD Billion by 2035.

What are the key technologies driving the Ground-Mount PV Utility Market?

Key technologies include Crystalline Silicon, Thin-Film, and Bifacial, with Crystalline Silicon projected to reach 27.0 USD Billion by 2035.

Who are the leading companies in the Ground-Mount PV Utility Market?

Leading companies in the market include First Solar, Canadian Solar, Trina Solar, and JinkoSolar.

What installation type is expected to dominate the market by 2035?

The On-Ground installation type is expected to dominate the market, projected to reach 22.0 USD Billion by 2035.

What end-user segment is anticipated to show significant growth in the Ground-Mount PV Utility Market?

The Utility Companies end-user segment is anticipated to show significant growth, projected to reach 22.0 USD Billion by 2035.

How does the market valuation of the Dual-Axis Tracking segment compare to others by 2035?

The Dual-Axis Tracking segment is projected to reach 9.0 USD Billion by 2035, indicating a moderate growth compared to other segments.

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