Solar PV Mounting Systems Market Analysis

Rising number of solar projects being undertaken globally

Mounting structures play an essential role in ensuring the capacity and efficiency of the solar PV modules as the solar cell’s temperature and sunlight captivity are dependent on them. With an increase in large-scale solar projects, the focus is on ground-mounted PV mounting systems.

For instance, In January 2022, the key player, Billionaire Gautam Adani's logistics-to-energy conglomerate, established a new subsidiary, ANIL, to undertake projects of green hydrogen, wind turbine manufacturing, and generation of low carbon electricity, batteries, and solar modules as it seeks to become the world's largest renewable energy company and manufacture the very less expensive hydrogen. While, in collaboration with EleapsSdn. Bhd., The 5 MWp, & Antah Solar Sdn. Bhd., Canadian Solar announced the start of the largest commercial and industrial ("C&I") construction project in Malaysia.

Moreover, in remote areas and residential power generation applications, small-scale PV installations are in high demand for rooftop solar mounting structures. The commercial and agricultural spaces are also contributing to the demand for rooftop mounting structures, with many projects pipelined in Europe and Asia-Pacific. As a result, Solar PV Mounting Systems market revenue expansion is anticipated to be fueled by rising number of solar projects being undertaken globally  

The Global Solar PV Mounting Systems Market Industry is projected to experience substantial growth over the next decade. With a market value of 15.6 USD Billion in 2024, the industry is expected to expand to 34.6 USD Billion by 2035. This growth trajectory indicates a compound annual growth rate of 7.53% from 2025 to 2035, reflecting the increasing adoption of solar technologies and the essential role of mounting systems in facilitating solar installations. The data suggests that as the demand for solar energy rises, so too will the need for innovative and efficient mounting solutions.

Government incentives and subsidies play a crucial role in fostering the growth of the Global Solar PV Mounting Systems Market Industry. Various countries are offering financial support to encourage the adoption of solar energy technologies. For example, tax credits, rebates, and grants are being provided to both residential and commercial sectors to lower the initial investment costs associated with solar installations. This financial backing is likely to stimulate market growth, as it makes solar PV systems more accessible, thereby increasing the demand for mounting solutions that support these installations.

The increasing global emphasis on renewable energy sources is a primary driver for the Global Solar PV Mounting Systems Market Industry. Governments worldwide are implementing policies to reduce carbon emissions and promote sustainable energy solutions. For instance, the International Energy Agency indicates that solar energy capacity is expected to expand significantly, contributing to a projected market value of 15.6 USD Billion in 2024. This trend suggests a robust demand for solar PV mounting systems, as they are essential for the efficient installation of solar panels, thereby facilitating the transition to cleaner energy sources.

The escalating costs of traditional energy sources are driving consumers and businesses to seek alternative solutions, thereby benefiting the Global Solar PV Mounting Systems Market Industry. As energy prices rise, the appeal of solar energy becomes more pronounced, leading to increased investments in solar technologies. This shift towards energy independence is particularly evident in regions heavily reliant on imported fossil fuels. The mounting systems are integral to these solar installations, facilitating a transition that not only addresses energy costs but also enhances energy security.

Innovations in solar PV mounting systems are enhancing their efficiency and adaptability, which is likely to propel the Global Solar PV Mounting Systems Market Industry. New materials and designs, such as lightweight and corrosion-resistant structures, are being developed to improve installation processes and longevity. These advancements not only reduce costs but also increase the overall performance of solar installations. As a result, the market is expected to grow, with projections indicating a value of 34.6 USD Billion by 2035, reflecting the importance of technological evolution in driving market expansion.

Emerging markets are witnessing a surge in solar energy adoption, which is likely to significantly impact the Global Solar PV Mounting Systems Market Industry. Countries in Asia, Africa, and Latin America are investing in solar infrastructure to meet growing energy demands and reduce reliance on fossil fuels. This trend is expected to contribute to a compound annual growth rate of 7.53% from 2025 to 2035, as these regions recognize the potential of solar energy to provide sustainable solutions. The demand for efficient and reliable mounting systems is anticipated to rise in tandem with this growth.

Major market players are spending a lot of money on R&D to increase their product lines, which will help Solar PV Mounting Systems grow even more. The market is highly competitive, with all the players continually competing to gain a larger market share. High competition, rapid advances in technology, frequent changes in government policies, and stringent environmental regulations are critical factors that could restrain market growth. The vendors compete in terms of cost, product quality, reliability, and aftermarket services. Vendors must provide cost-effective and efficient products to survive and succeed in a competitive market environment.

Schletter Group is a metalworking company and a leading manufacturer of PV mounting systems, mostly made of steel and aluminum. The company has production sites in Germany, China, and the US. It has a strong sales and service network in over 14 countries worldwide. Schletter offers a range of PV mounting systems for installation in various areas, including pitched roofs, flat roofs, open areas, façade, and carports. It also designs and manufactures ceilings for rails, welding components, separating walls, handrails, and luggage racks. It serves a wide range of clients, ranging from small handicraft businesses to large corporate clients.

Unirac is a leading manufacturer of PV mounting systems in North America. The company has 20 years of experience and has installed about 5 GW of solar panels, which are 500,000 installations. It has approx. 30% share of the total market in North America. Some of Unirac’s major clients in North America include Universal Studios, Orange County Convention Center, and Google Campus. Unirac has manufacturing units and distributors across the US and Canada. Unirac Canada is the authorized distributor of the company in Canada. Design and testing of equipment are carried out in Alberqerque.

The company offers a number of products for different types of installation sites, including flat roofs and ground mounts. Unirac also offers PV mounting systems for tilted installations on roofs and ground.