Solar PV Mounting Systems Market Research Report- Forecast to 2027

Solar PV Mounting Systems Market Information Report by Product (Rooftop and Ground Mounted), By Technology (Fixed and Tracking) By End-User (Residential, Commercial and Utility) and By Regions - Global Forecast to 2027

ID: MRFR/E&P/3198-CR | October 2020 | Region: Global | 136 pages

Solar PV Mounting Systems Market Overview:

Solar PV mounting systems market size is set to grow strikingly at a CAGR of 11.92% during the conjecture time frame 2020 to 2027.

The market is relied upon to arrive at a valuation of USD 9,702.6 Mn before the finish of 2027. The development of the solar PV mounting systems market Share is reliant on developing its parent market, the sun-powered energy market. The worldwide sun-powered PV exhibited a considerable increment of 26% in 2017. The expanding interest for sunlight-based force will probably catalyze the interest for sun-powered PV mounting frameworks in the approaching years.

The legislatures are attempting to limit fossil fuel by-products which have prompted a move towards sustainable power. Sunlight-based energy has acquired ubiquity among the populace as a valuable source to diminish carbon impressions. This, thus, has urged the legislatures to sponsor the assembling of sun-oriented mounting frameworks. The expanding number of sun-powered ventures combined with the firm help reached out by the administrations is guessed to enlarge the sun-based solar PV mounting systems Market Trends within the projection time frame.

Competitive Landscape

Key players of the Solar PV Mounting Systems Market are:

  • Schletter Group

  • Unirac Inc.

  • SolarWorld AG

  • K2 Systems GmbH

  • Quick Mount PV

  • Land Power Solar Technology Co. Ltd.

  • RBI Solar Inc

  • Mounting System GmbH

  • Xiamen Grace Solar Technology Co. Ltd.

  • Clenergy

  • Tata International Ltd.

  • Xiamen Universe Solar Tech. Co. Ltd.

  • Xiamen Corigy New Energy Technology Co. Ltd

  • PV Racking

  • Van der Valk Solar Systems BV

The mechanical advancements and improvements in the sun-based solar PV mounting systems Market Trends regarding strength, effectiveness, and so forth are estimated to open new development roads in the worldwide market. Notwithstanding, the crude materials' value unpredictability, for example, steel and aluminium, are required to hold the development of the market.

The solar PV mounting systems Market Growth 2021 examination gives a fundamental outline of the business, including definitions, groupings, applications, and industry chain structure. The Global Solar PV Mounting Systems market report is accommodated the worldwide business sectors just as improvement patterns, serious scene investigation, and critical areas advancement status. Advancement arrangements and plans are examined just as assembling cycles and cost structures are additionally broke down. This report also states import/trade utilization, market interest Figures, cost, value, income, and gross edges.

COVID-19 Analysis:

Market Growth's worldwide solar PV mounting systems see massive destruction in 2020 attributable to the progressing COVID-19 emergency. Governments across the globe have carried out different lockdowns methodology to fix the contamination, which has stopped the few sunlight-based undertakings. Lacks of work combined with ease in the worldwide fares have significantly affected the business tasks across a few nations. Therefore, an enormous interest supply hole is developing, which will influence the development of the different areas, including sunlight.

The progressing COVID-19 emergency has prompted the implementation of cross country lockdowns, end underway modules, and deficiency of work, which will antagonistically influence item interest.

Market Dynamics:

  • Drivers

Sunlight-based PV Mounting Systems sheets are a fundamental piece of sun-based board foundation. A sun-powered PV mounting system is the supporting design for the assortments of sun-based sheets presented.

Creating pragmatic imperatives over the normal frameworks is making a huge improvement scope for the overall sun-oriented PV mounting frameworks market gauge. The overall Solar PV Mounting Systems market is extending immensely because of huge drivers, for instance, feeling of obligation in developing an ideal essentialness society and government inspirations and approaches.

  • Opportunities

Extending revenue for on-structure and off-cross section power from far-off domains for ceaseless and trustworthy inventory will drive the advancement of sun-oriented PV mounting frameworks piece of the pie.

Extending care regarding the troublesome effects of ozone hurting substance transmissions on the earth and human prosperity is scheduled to enable the use of sun-oriented-based force age. Solar PV mounting systems Market Outlook find application over the utility, private, and business fragments. Mounting utilization on the green advancement subject to the necessity of zero release establishments will drive the sunlight-based PV mounting frameworks industry, over the business zone, over the guessing period.

  • Restraints 

Sun-based mounting structures are fundamentally made of aluminium or steel, which have gained notoriety at their fluctuating costs.

The instability in costs of the crude materials utilized has been recognized as a market restriction. The variance of steel and aluminium further subject sun-based mounting frameworks to a similar vulnerability. It is trying to discover appropriate options because of the prerequisite of mounting structures for sun-powered PV to be versatile in most climate conditions. Building incorporated photovoltaic frameworks are a developing pattern that will probably deliver various freedoms for the worldwide sunlight-based PV mounting framework market.

  • Challenges

There are certain difficulties confronted that will hinder the general market development. The variables like shortage of gifted labor force, ability, and the shortfall of guidelines and conventions limit market development.

Likewise, variances in crude material costs are assessed to lazy development during the conjecture time frame. Crude materials like aluminium, steel, iron, and others are utilized to assemble sun-oriented PV mounting frameworks. The value variances of these materials are credited to the mining and extraction of the crude materials subject to topographical and international variables.

  • Cumulative Growth Analysis

The developing worldwide solar PV mounting systems Industry move toward utilizing sustainable power sources with an end goal to decrease fossil fuel by-products has advanced the development of sun based energy which is seen as having high potential and being practical, in this manner straightforwardly and decidedly influencing the development of the sunlight based PV mounting frameworks market. This has prompted expanding government support for sun-oriented energy foundations.

Numerous nations around the planet are offering different plans for configuration support and attractive rates, which are relied upon to extend sun-based creation and impact development sought after for sunlight-based PV mounting frameworks.

Technology Analysis

Tracker technology is acquiring wide reception because of its ability to improve the CUF of existing photovoltaic frameworks. It has been breaking down that these frameworks' organizations will raise the energy age rate by 20% when contrasted and their partners. Furthermore, the developing R&D speculations by different segment producers will help in lessening the different segment costs, including trackers. Also, developing the joining of a few savvy observing and control advances alongside positive administrative measures, including tax breaks, will additionally fuel the item selection.

Segment Overview:

By Product

Based on Product, the solar PV mounting systems Industry market has been sectioned as housetop and ground-mounted. Roof fragment overwhelmed the market in 2017 and is relied upon to stay prevailing during the figure time frame as putting sunlight-based boards on housetops saves end clients a lot of room and structures an extra layer of protection for the site.

By Technology

Based on technology, the market has been portioned as fixed and following. Fixed portion overwhelmed the market in 2017 and is relied upon to hold the most significant piece of the pie during the conjecture time frame as the underlying speculation for getting the fixed sun-oriented PV mounting frameworks is lower than its other options.

By end-user

Based on end-user, the market is portioned as private, business, and utilities. The utility fragment has been ruling the market in 2017 and is required to stay prevailing during the estimated time frame.

Regional Analysis

The Asia Pacific (APAC) represents a more significant part portion of 43.02% of the worldwide sun-powered PV mounting framework market and is projected to develop at a CAGR of 11.24% during the estimated time frame. The APAC has a genuinely enormous populace that is reliably developing. As such, the interest for cost-effective force is developing too. Clean fuel sources are progressively getting alluring because of developing help for environmentally friendly power organizations through empowering arrangements and guidelines joined with mindfulness crusades. China drives the APAC market in the sun-based photovoltaic cell producing, with Japan and India following intently. Expanded interests in inexhaustible assets and a usually bright environment for a more significant part of the year have prompted the acknowledgment of sun-based energy as the best option in contrast to familiar fuel sources.

In the interim, the Rest of the World is developing at the most elevated CAGR of XX, with Latin America driving development for this territorial fragment. Sun-based PV frameworks in Latin America are moderate and are arising quickly because of speculations made in nations like Chile, Mexico, and Brazil. The Middle East and Africa, in any case, are probably going to become dramatically because the locale usually is helpful for the reception of sun-oriented force as the lion's share of the area is a desert and gets extended periods of daylight. A few development projects that use and incorporate sun-powered energy are relied upon to drive the district's sunlight-based PV mounting frameworks market.

Recent Developments

  • In February 2019, three solar power contracts with Alberta’s Ministry of Infrastructure were secured by Canadian Solar. The contract was for a 94MW PV portfolio in southeast Alberta, Canada. The best thing about this project is that it provides fifty-five percent of the Alberta Provincial government's electricity needs.

  • In February 2019, Ukraine’s latest solar power station was agreed upon by Risen Energy and DTEK Renewables. This project provides a significant contribution to reach Ukraine’s energy target. 

Report Overview:

  • Market overview highlights the global recognition of the solar PV mounting systems Market Analysis

  • Analysis based upon COVID 19

  • Explanation upon the Market Dynamics

  • Value chain analysis for the solar PV mounting systems Market Value Forecast Research Report.

  • Market segmentation overview

  • The regional analysis of the Data Governance Market

  • Competitive landscape analysis

  • Recent Developments of solar PV mounting systems Market 

The report highlights solar PV mounting systems Market Growth potential in terms of its revenue hike by the end of the forecast years in 2028.

The segmentation table is as follows:

By product

  • Rooftop

  • Ground-mounted

By technology

  • Fixed

  • Tracking 

By End-use sector

  • Residential

  • Commercial

  • Utilities 

By region

  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World.

Report Scope:
Report Attribute/Metric Details
  Market Size   2027: 9,702 Million
  CAGR   11.92% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Product, Technology and End-User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Schletter Group, Unirac Inc., SolarWorld AG, K2 Systems GmbH, Quick Mount PV, Land Power Solar Technology Co. Ltd., RBI Solar Inc, Mounting System GmbH, Xiamen Grace Solar Technology Co. Ltd., Clenergy, Tata International Ltd., Xiamen Universe Solar Tech. Co. Ltd., Xiamen Corigy New Energy Technology Co. Ltd, PV Racking, Van der Valk Solar Systems BV
  Key Market Opportunities   Growing trends in building integrated PV systems
  Key Market Drivers

  • Demand for mounting structures due to the rise in the number of solar projects
  • Schemes to promote the installation of solar pv mounting systems

  • Frequently Asked Questions (FAQ) :

    The global market of solar PV mounting systems can thrive at 11.56% CAGR by 2023.

    The solar PV mounting systems market can value at USD 23,100 million by 2023.

    Tata International Ltd., Quick Mount PV, and Van der Valk Solar Systems BV are some reputed names in the solar PV mounting systems market.

    Residential, commercial, and utilities are areas of application of solar PV mounting systems.

    Rooftop and Ground mounted are types of solar PV mounting systems.

    Solar PV mounting systems are ancillary to the solar energy market and are expected to witness growth at an above average CAGR of 11.92% during the forecast period. In 2017, the global solar PV mounting systems market valued USD 9,702.6 Mn and observations, and calculations of critical market factors suggest an estimated evaluation of USD 23,107 Mn by the end of 2027.

    The focus of adoption and advancement of renewable energy sources has grown tremendously, with solar panels being among the most adopted form of renewable energy. With this in mind, it has been observed that the demand for mounting structures has been accelerating due to the rising number of solar projects. The global solar PV capacity grew by 26% in 2017, and the number is rising, as is evidenced by the increase in demand for structural components for rising solar capacity. Mounting systems for solar PV are vital for the structural support they offer for high efficiency in the working of solar panels. Notably, small-scale PV installations in the residential sector and in remote areas are expected to increase demand for rooftop solar mounting structures. Moreover, the growing global shift toward leveraging renewable energy sources in an effort to reduce carbon emissions has promoted the growth of solar energy which is viewed as having high potential and being cost-effective, thus directly and positively affecting the growth of the solar PV mounting systems market. This has led to increasing government support for solar energy infrastructure. Many countries around the world are offering various schemes, for design support, and attractive rates which are expected to expand solar production and influence growth in demand for solar PV mounting systems.

    Solar mounting structures are primarily made of aluminum or steel which have a reputation for their fluctuating prices. The volatility in prices of the raw materials used has been identified as a market restraint. The fluctuation of steel and aluminum further subject solar mounting systems to the same uncertainty. It is challenging to find suitable alternatives due to the requirement of mounting structures for solar PV to be resilient in most weather conditions. Building integrated photovoltaic systems are a growing trend which will likely produce numerous opportunities for the global solar PV mounting system market. Integration of solar panels as a part of the building to meet the power demand of the building will rise as technological advancements promise to drive the adoption of such systems.

    The global solar PV mounting systems market is segmented, in the report, on the basis of products, technology, end-user, and region. By products, the market is segmented into ground mounted, and rooftop. The rooftop mounted segment accounts for the largest share of the market at 52.13% and is expected to grow at a CAGR of 10.14%. Meanwhile, due to growing large-scale projects, the ground-mounted segment is expected to display growth at the highest CAGR of 12.98%. By technology, the market is segmented, into fixed, and tracking. Between these, the fixed segment accounted for the largest market share in the global solar PV mounting systems market with  the tracking segment due to growing at the highest CAGR of 13.25% during the assessment period. By end-user, the market is segmented, residential, commercial, and utilities. Among these, the utilities segment accounted for the largest market share and is expected to expand at the most significant CAGR of 12.22% during the forecast period.                     

    Regional Analysis

    The report analyzes the market by its regional segments which include North America, Europe, the Asia Pacific and the Rest of the World. The Asia Pacific (APAC) accounts for a majority share of 43.02% of the global solar PV mounting system market and is projected to grow at a CAGR of 11.24% during the forecast period. The APAC has a truly massive population which is consistently growing, as such the demand for cost-efficient power is growing as well. Clean energy sources are increasingly becoming attractive due to growing support for renewable energy deployment in the form of encouraging policies and regulations combined with awareness campaigns. China leads the APAC market in solar photovoltaic cell manufacturing with Japan and India following closely. Increased investments in renewable resources and a naturally sunny climate for a majority of the year have led to the recognition of solar energy as the best alternative to conventional energy sources.

    Meanwhile, the Rest of the World is growing at the highest CAGR of XX, with Latin America leading growth for this regional segment. Solar PV systems in Latin America are affordable and are emerging rapidly due to investments being made in countries such as Chile, Mexico, and Brazil. The Middle East & Africa, however, is likely to grow exponentially due to the region being naturally conducive to the adoption of solar power as a majority of the region is a desert and receives long hours of sunlight. Several construction projects which leverage and integrate solar energy are expected to drive the solar PV mounting systems market in the region.

    Competitive Tracking

    Notable players that have been profiled in the report include PV Racking, SolarWorld AG, Schletter Group, K2 Systems GmbH, Xiamen Corigy New Energy Technology Co. Ltd, Clenergy, Van der Valk Solar Systems BV., Xiamen Universe Solar Tech. Co. Ltd., Xiamen Grace Solar Technology Co. Ltd., Mounting System GmbH, Tata International Ltd., Quick Mount PV, RBI Solar Inc, Unirac Inc., and Land Power Solar Technology Co. Ltd. These market players have employed expansion of production, new product development, and strategic partnerships & collaborations as growth strategies to achieve desirable market positions.

    Global Solar PV Mounting System Market- Competitive Landscape

    Market Research Future includes following key players for in the global solar PV mounting system market research study: Schletter Group, Unirac Inc, SolarWorld AG, K2 Systems Gmbh, Quick Mount PV, Land Power Solar Technology Co. Ltd, RBI Solar Inc, Mounting System GmbH, Xiamen Grace Solar Technology Co. ltd, Clenergy, Tata International ltd, Xiamen Universe Solar Technology Co Ltd, Xiamen Corigy New Energy Technology Co Ltd, PV Racking and Van der Valk Solar System BV.

    The market share analysis is derived by considering various factors such as financial position, segmental R&D investment, product innovations, corporate strength, product portfolio, strategy analysis, and, key innovations in the market among other factors. The major players holding prominent position in the Market are Schletter Group, Mounting System GmbH, SolarWorld AG, K2 Systems Gmbh, Quick Mount PV are among others.

    According to MRFR analysis, Mounting System GmbH is a leading company in the global solar PV mounting system market. The company has its presence in over 52 countries, with branch offices in US, Japan, Russia and Singapore. The company offers mounting systems for various types of mounting locations including roof and ground.  The company has a strong financial and managerial backup from Zech Group. The company is seeking opportunities to expand its services to new regions.

    Schletter Group originally started its business as a metal working company in 1968 and is currently a leading PV mounting system manufacturer. The company has strategically located its manufacturing plants in North America, Europe and Asia-Pacific. This has given the company the opportunity to reach its clients in these regions at a faster rate. The company offers PV mounting systems for roofs, facades, open areas and car parks.

    SolarWorld AG is in the business of manufacturing and marketing all the products in the solar industry, including PV panels, fixtures and PV mounting systems. The company has four manufacturing locations in Saxony, Arnstadt, Thuringia, and Freiberg. Globally the company has its offices located in Germany, France, Singapore and South Africa. Some of the company’s subsidiaries include Deutsche Lithium GmbH, SolarWorld Industries Deutschland Gmbh and Deutsche Cell GmbH.

    K2 Systems Gmbh specializes in the manufacture of PV mounting system. The company has its branch offices located in the UK, South Africa, Germany, Mexico, Brazil, the US, Italy, and France. Overall the company has its presence in over 30 countries. The company offers PV mounting systems for various locations including flat roofs, corrugated fiber cement, standing / round seam roof, floating PV, tile roofing, trapezoidal sheet metal and ground mounted systems. The company has installed capacity of more than 7 GW, giving the company and its employees extensive experience in the field.

    Quick Mount PV is a designer and manufacturer of PV mounting systems and is based in the US. The company offers a wide range of products for composition/asphalt shingle roofs, tile roofs, metal shingle, shake & slate roofs, low slope roofs and racking systems. The company has over 24 distributors around North America. The company believes in developing the economy of its country, and as a important step only uses raw material and equipment found and made in North America.