Global Solar Pv Mounting Systems Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Product Type;
Fixed and Tracking.By Component;
PV Modules (Panels), Inverters, Racking, Battery, and Other Components .By Application ;
Residential , Commercial and Utilities.By Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).Introduction
Global Solar Pv Mounting Systems Market (USD Million), 2021 - 2031
In the year 2024, the Global Solar Pv Mounting Systems Market was valued at USD 21,726.03 million. The size of this market is expected to increase to USD 41,935.41 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 9.9%.
The global solar PV mounting systems market plays a pivotal role in the widespread adoption and deployment of solar photovoltaic (PV) technology worldwide. These systems are essential for securely installing solar panels on various surfaces, including rooftops, ground mounts, and solar farms, thereby enabling the harnessing of solar energy for electricity generation. As the demand for clean and renewable energy sources continues to surge, driven by environmental concerns and energy transition initiatives, the solar PV mounting systems market experiences significant growth and transformation.
One of the primary drivers propelling the global solar PV mounting systems market is the increasing deployment of solar PV installations across residential, commercial, and utility-scale sectors. Governments, businesses, and homeowners are increasingly investing in solar PV systems to capitalize on renewable energy incentives, reduce electricity costs, and mitigate carbon emissions. As a result, there is a growing demand for efficient, durable, and cost-effective mounting solutions to support the installation of solar panels across diverse applications and geographical locations.
Technological advancements and innovations in solar PV mounting systems are reshaping the market landscape, driving improvements in installation efficiency, system performance, and durability. Manufacturers are continually introducing new products and solutions that offer enhanced features such as adjustable tilt angles, quick installation mechanisms, and compatibility with various roof types and terrains. These advancements not only streamline the installation process but also optimize the energy yield and reliability of solar PV systems, further fueling market growth and adoption.
The global push towards sustainability and carbon neutrality is driving investment in solar PV infrastructure and supporting industries, including mounting systems. Governments, utilities, and businesses worldwide are setting ambitious renewable energy targets and investing in solar PV projects to transition towards a low-carbon future. As a result, the solar PV mounting systems market is poised for significant expansion, offering lucrative opportunities for manufacturers, suppliers, and service providers operating in the solar energy ecosystem.
Global Solar Pv Mounting Systems Market Recent Developments
-
May 2023: State-owned SJVN Ltd. bagged a 100 MW solar power project worth USD 73.24 Million from Rajasthan Urja Vikas Nigam Ltd. SJVN Green Energy Ltd (SGEL), a wholly-owned subsidiary of SJVN, participated in an open competitive tariff bidding process followed by e-Reverse Auction (e-RA) organized by Rajasthan Urja Vikas Nigam Ltd (RUVNL).
-
November 2022: European Energy, a Danish-based developer of solar parks, was set to build a 128.5 MW solar park near Helsingborg in southern Sweden. The plant is expected to produce 175 GWh of electricity annually. Production is scheduled to begin in 2024 after the completion of the project by 2023.
Segment Analysis
In the global solar PV mounting systems market, products are categorized into two main types: fixed and tracking systems. Fixed mounting systems are stationary structures that hold solar panels in a fixed position, typically at a set angle optimized for maximum sunlight exposure based on the geographical location. On the other hand, tracking systems allow solar panels to follow the path of the sun throughout the day, thereby maximizing energy capture by adjusting the panel's orientation. The choice between fixed and tracking systems depends on factors such as cost, available space, and desired energy output efficiency, with both types offering distinct advantages depending on the specific application and project requirements.
Applications for solar PV mounting systems span across residential, commercial, and utility-scale projects. In residential applications, mounting systems are tailored for rooftop installations, offering space-efficient solutions that integrate seamlessly with residential buildings. Commercial applications include solar installations on commercial buildings, industrial facilities, and public infrastructure, where mounting systems must accommodate larger panel arrays and meet specific structural and aesthetic requirements. In utility-scale projects, mounting systems are designed for large-scale solar farms and solar power plants, where maximizing energy output and optimizing land use are paramount considerations.
Geographically, the global solar PV mounting systems market is segmented into regions including North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Each region exhibits unique market dynamics influenced by factors such as solar energy potential, regulatory policies, government incentives, and infrastructure development. North America and Europe are mature markets with well-established solar industries and supportive regulatory frameworks. The Asia Pacific region, including countries like China, India, and Japan, is experiencing rapid growth driven by increasing energy demand, favorable government policies, and declining solar PV costs. Meanwhile, the Middle East and Africa, as well as Latin America, present emerging opportunities for solar PV deployment, supported by growing awareness of renewable energy benefits and the need to diversify energy sources. Over the forecast period from 2020 to 2030, the global solar PV mounting systems market is expected to witness significant growth across all geographic regions, driven by increasing adoption of solar energy and ongoing efforts to transition towards a sustainable energy future.
Global Solar Pv Mounting Systems Segment Analysis
In this report, the Global Solar Pv Mounting Systems Market has been segmented by Product Type, Component, Application and Geography.
Global Solar Pv Mounting Systems Market, Segmentation by Product Type
The Global Solar Pv Mounting Systems Market has been segmented by Product Type into Fixed and Tracking .
In the global solar PV mounting systems market, products are primarily categorized into two main types: fixed and tracking systems. Fixed mounting systems, also known as stationary or static systems, are designed to securely hold solar panels in a fixed position without any movement or adjustment. These systems are widely used in applications where solar panels are mounted at a fixed angle, typically optimized for the geographic location and solar irradiance levels. Fixed mounting systems offer simplicity, reliability, and cost-effectiveness, making them suitable for various installations, including rooftop, ground-mounted, and utility-scale solar projects.
On the other hand, tracking mounting systems are designed to allow solar panels to follow the path of the sun throughout the day, optimizing solar energy capture and maximizing electricity generation. These systems utilize motorized or automated mechanisms to adjust the tilt and orientation of solar panels, ensuring that they remain perpendicular to the sun's rays for optimal exposure. Tracking systems can be classified into single-axis and dual-axis configurations, depending on the range of movement and tracking capabilities. While tracking systems offer higher energy yields compared to fixed systems, they are typically more complex, expensive, and require additional maintenance.
The choice between fixed and tracking mounting systems depends on various factors, including project size, location, energy requirements, budget, and site-specific conditions. Fixed mounting systems are favored for their simplicity, lower upfront costs, and suitability for most applications, especially in regions with consistent solar irradiance patterns. Conversely, tracking mounting systems are preferred for large-scale solar installations where maximizing energy production is critical, such as utility-scale solar farms and concentrated solar power (CSP) projects. Despite their higher costs and complexity, tracking systems offer significant performance advantages, particularly in regions with variable solar conditions or during seasons with low sun angles.
The global solar PV mounting systems market offers a diverse range of products tailored to meet the specific needs and preferences of solar energy developers, installers, and end-users. Whether choosing fixed or tracking systems, stakeholders have access to reliable and efficient mounting solutions designed to optimize solar energy capture, enhance system performance, and contribute to the growth of the renewable energy sector.
Global Solar Pv Mounting Systems Market, Segmentation by Component
The Global Solar Pv Mounting Systems Market has been segmented by Componentt into PV Modules (Panels), Inverters, Racking, Battery, and Other Components .
The Global Solar PV Mounting Systems Market is broadly categorized based on its components, which are essential for the efficient operation of photovoltaic (PV) systems. This segmentation includes PV Modules (Panels), Inverters, Racking, Batteries, and Other Components. Each of these components plays a critical role in the overall functioning and performance of a solar energy system.
PV Modules (Panels): These are the most fundamental components of a solar PV system, responsible for converting sunlight into electrical energy through the photovoltaic effect. Solar panels are made up of multiple solar cells, usually composed of silicon, which generate direct current (DC) electricity when exposed to sunlight. The efficiency, durability, and cost of PV modules significantly impact the overall system performance and market growth. Various types of panels, including monocrystalline, polycrystalline, and thin-film, are available based on efficiency, cost, and application.
Inverters: Since PV panels generate DC electricity, an inverter is required to convert this into alternating current (AC), which is the standard form of electricity used in homes, businesses, and industries. Inverters play a crucial role in ensuring power stability, managing fluctuations, and maximizing energy efficiency. There are different types of inverters, such as string inverters, microinverters, and central inverters, each designed for specific applications and system sizes. Advanced inverters also come with smart grid compatibility and remote monitoring capabilities, adding further value to solar installations.
Racking: Also known as mounting systems, racking structures provide physical support to the solar panels, ensuring their stability and optimal positioning to capture maximum sunlight. These mounting systems vary based on application and location, including roof-mounted, ground-mounted, and floating solar systems. Fixed-tilt and tracking systems are common types of racking, where tracking systems enhance energy capture by following the sun’s movement throughout the day. The choice of racking depends on factors such as terrain, climate conditions, and installation type.
Battery: Batteries are crucial for solar energy storage, especially in off-grid and hybrid solar systems. They store excess electricity generated during peak sunlight hours for later use, ensuring a continuous power supply even when sunlight is unavailable. With increasing demand for energy storage solutions, lithium-ion batteries have gained popularity due to their high efficiency, longer lifespan, and faster charging capabilities. Other battery technologies, such as lead-acid and flow batteries, are also used depending on cost, performance, and application.
Other Components: This category includes essential supporting equipment such as charge controllers, junction boxes, wiring, connectors, and monitoring systems. Charge controllers regulate voltage and prevent battery overcharging, while monitoring systems provide real-time performance tracking and diagnostics to optimize energy output. Advanced technologies, including smart meters and IoT-based monitoring solutions, are becoming increasingly popular for improving system efficiency and grid integration.
Global Solar Pv Mounting Systems Market, Segmentation by Application
The Global Solar Pv Mounting Systems Market has been segmented by Application into Residential , Commercial and Utilities.
In the global solar PV mounting systems market, applications are diverse and span across residential, commercial, and utility sectors, each with unique demands and opportunities. In residential applications, mounting systems are tailored to meet the specific needs of homeowners seeking to adopt solar energy for their properties. These systems are typically designed to be lightweight, aesthetically pleasing, and easy to install on residential rooftops or ground-mounted arrays. The residential segment represents a significant market opportunity driven by increasing consumer interest in renewable energy, coupled with government incentives and favorable financing options for residential solar installations.
Commercial applications of solar PV mounting systems cater to businesses, institutions, and industrial facilities looking to harness solar energy to offset electricity costs and demonstrate environmental stewardship. Mounting systems for commercial installations are often characterized by their scalability, durability, and compatibility with various roofing types or open spaces on commercial properties. With businesses increasingly adopting solar power to reduce operating expenses and meet sustainability goals, the commercial segment presents a lucrative market for solar PV mounting system manufacturers.
In the utilities sector, solar PV mounting systems are deployed in large-scale solar farms and utility-scale projects aimed at feeding electricity into the grid for widespread distribution. These mounting systems are engineered for high efficiency, reliability, and ease of installation across expansive solar arrays. As governments and energy providers worldwide commit to increasing renewable energy capacity to combat climate change and meet renewable energy targets, the utilities segment offers significant growth potential for solar PV mounting system suppliers.
The global solar PV mounting systems market is characterized by a diverse range of applications, each driven by unique market dynamics and regulatory environments. Residential, commercial, and utility segments collectively contribute to the growth of the market as solar energy continues to gain traction as a viable and sustainable source of electricity generation. As technological advancements and cost reductions further accelerate the adoption of solar PV systems across all sectors, the demand for innovative and efficient mounting solutions is expected to rise, driving further market expansion and innovation.
Global Solar Pv Mounting Systems Market, Segmentation by Geography
In this report, the Global Solar Pv Mounting Systems Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Solar Pv Mounting Systems Market Share (%), by Geographical Region, 2024
The global solar PV mounting systems market, spanning across various geographical regions, exhibits a promising trajectory from 2020 to 2030. In North America, particularly in the United States and Canada, robust investments in renewable energy infrastructure, coupled with supportive government policies and incentives, are driving significant growth in the solar PV mounting systems market. The region's increasing focus on clean energy transitions and sustainability goals further accelerates market expansion, with a rising number of utility-scale solar projects driving demand for advanced mounting solutions.
In Europe, countries like Germany, Spain, and the United Kingdom lead the adoption of solar PV mounting systems, supported by ambitious renewable energy targets and favorable regulatory frameworks. The European Union's emphasis on decarbonization and the transition to renewable energy sources fuels market growth, with a surge in residential, commercial, and utility-scale solar installations driving the demand for innovative mounting technologies. The growing popularity of rooftop solar systems and community solar initiatives further boosts the market across the region.
The Asia Pacific region emerges as a key growth hotspot for the global solar PV mounting systems market, driven by rapid industrialization, urbanization, and soaring energy demand in countries like China, India, and Japan. Favorable government policies, ambitious renewable energy targets, and declining solar PV module costs stimulate market proliferation, with utility-scale solar projects and distributed generation installations leading the uptake of mounting systems. The burgeoning solar market in Southeast Asian countries presents untapped opportunities for market players to expand their footprint in the region.
In the Middle East and Africa, countries such as the United Arab Emirates, Saudi Arabia, and South Africa witness a surge in solar PV investments, driven by abundant sunlight resources, favorable regulatory environments, and the need to diversify energy sources away from fossil fuels. The adoption of solar PV mounting systems is propelled by large-scale solar projects, off-grid electrification initiatives, and government-led renewable energy programs aimed at enhancing energy security and promoting sustainable development. Latin America showcases significant growth potential, with countries like Brazil, Chile, and Mexico embracing solar energy as a key component of their energy transition strategies, driving demand for solar PV mounting systems across residential, commercial, and utility sectors.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Solar Pv Mounting Systems Market. These factors include; Market Drivers, Restraints and Opportunities.
Drivers, Restraints and Opportunity
Drivers:
- Rising Solar PV Installations
- Government Incentives and Policies
- Technological Advancements
-
Cost Reduction Initiatives:Cost reduction initiatives are pivotal drivers propelling the expansion of the solar PV mounting systems market, fostering affordability and accessibility across the solar PV value chain. With concerted efforts aimed at reducing manufacturing, installation, and maintenance costs, the solar industry is witnessing a significant decline in the overall cost of solar energy. This trend is primarily attributed to advancements in manufacturing processes, economies of scale, and intense competition among suppliers of mounting systems and other balance-of-system components. As a result, solar PV technology becomes increasingly competitive against conventional energy sources, driving its adoption worldwide.
Innovations in installation techniques play a crucial role in cost reduction efforts within the solar PV mounting systems market. Prefabrication, modularization, and standardized designs are revolutionizing the installation process, streamlining workflows, and minimizing labor costs. These techniques enable faster and more efficient deployment of solar PV systems, reducing installation timeframes and associated expenses. By implementing innovative installation practices, project developers and installers can optimize resource utilization, enhance project economics, and improve the overall return on investment for solar PV installations.
Advancements in manufacturing technologies contribute significantly to cost reduction initiatives in the solar PV mounting systems market. Manufacturers are leveraging automation, robotics, and advanced materials to enhance production efficiency, reduce material waste, and lower manufacturing costs. These technological innovations enable manufacturers to produce mounting systems at scale while maintaining high quality and reliability standards. As a result, the cost of solar PV mounting systems continues to decline, making solar energy an increasingly attractive option for residential, commercial, and utility-scale applications.
Cost reduction initiatives across the solar PV value chain, coupled with innovations in installation techniques and manufacturing processes, are driving market expansion for solar PV mounting systems. By lowering the overall cost of solar energy and improving the economics of solar PV installations, these initiatives contribute to the widespread adoption of solar power as a sustainable and cost-effective energy solution. As the solar industry continues to evolve and innovate, further advancements in cost reduction strategies are expected to accelerate the growth and deployment of solar PV mounting systems globally.
Restraints:
- Regulatory Uncertainty and Policy Changes
- Land Use and Permitting Challenges
- Supply Chain Disruptions
-
Competition from Alternative Energy Technologies:Competition from alternative energy technologies poses a notable challenge to the global solar PV mounting systems market. While solar PV remains a prominent renewable energy source, technologies like wind power, energy storage solutions, and grid-scale innovations offer complementary options for addressing various energy needs. These alternatives often target specific requirements such as grid stability, energy storage capacity, and flexibility, diversifying the renewable energy landscape and capturing market share.
As alternative energy technologies continue to mature and gain traction, they present viable alternatives that may divert investment and attention away from solar PV mounting systems. Wind power, for instance, offers significant potential in regions with favorable wind conditions, providing a competitive alternative for electricity generation. Advancements in energy storage technologies enhance grid stability and facilitate the integration of intermittent renewable energy sources, potentially reducing the relative attractiveness of solar PV installations.
Grid-scale solutions, such as smart grid infrastructure and demand response programs, play crucial roles in optimizing energy distribution and consumption. These solutions offer innovative approaches to managing energy demand, improving grid efficiency, and reducing reliance on traditional power generation methods. As a result, they may influence investment decisions and resource allocation, indirectly impacting the growth trajectory of the solar PV mounting systems market.
Despite the competitive landscape posed by alternative energy technologies, solar PV mounting systems continue to play a vital role in the renewable energy transition. With ongoing advancements in solar technology, cost reductions, and policy support, solar PV remains a key contributor to global efforts to decarbonize the energy sector. While facing competition from other renewables, solar PV mounting systems continue to evolve, offering efficient, reliable, and scalable solutions for harnessing solar energy and driving sustainable development.
Opportunities:
- Technological Innovations and Product Development
- Integration with Energy Storage Systems
- Focus on Rooftop Solar and Distributed Generation
-
Sustainable and Eco-Friendly Solutions:Opportunities abound in the development of sustainable and eco-friendly solar PV mounting systems that resonate with environmental objectives and corporate sustainability initiatives. Manufacturers have the chance to capitalize on this growing trend by adopting practices that prioritize sustainability throughout the product lifecycle. This includes utilizing recyclable materials in the construction of mounting systems, thereby reducing the environmental impact associated with product disposal and end-of-life management.
By implementing measures to minimize carbon emissions during manufacturing and transportation processes, manufacturers can contribute to the overall reduction of the carbon footprint associated with solar PV systems. Adopting sustainable production practices, such as optimizing energy usage and minimizing waste generation, not only reduces environmental impact but also enhances the overall sustainability profile of solar PV mounting systems.
As sustainability increasingly becomes a key consideration in purchasing decisions, offering green and socially responsible mounting solutions can be a strategic differentiator for manufacturers in the global solar PV mounting systems market. Companies that prioritize eco-friendly design, production, and distribution practices are well-positioned to appeal to environmentally conscious customers and meet the evolving expectations of regulatory bodies and stakeholders.
Aligning with corporate sustainability initiatives can enhance brand reputation, foster customer loyalty, and drive market competitiveness. By investing in sustainable and eco-friendly solutions, manufacturers can not only contribute to environmental conservation but also create value for their businesses by tapping into a growing market segment that prioritizes sustainability. As a result, embracing sustainability in the development of solar PV mounting systems presents significant opportunities for manufacturers to drive growth and innovation in the renewable energy sector.
Competitive Landscape Analysis
Key players in Global Solar Pv Mounting Systems Market include:
- Unirac Inc
- SolarWorld AG
- SolarWorld AG
- Quick Mount PV
- RBI Solar Inc
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product Type
- Market Snapshot, By Component
- Market Snapshot, By Application
- Market Snapshot, By Region
- Global Solar Pv Mounting Systems Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Rising Solar PV Installations
- Government Incentives and Policies
- Technological Advancements
- Cost Reduction Initiatives
- Restraints
- Regulatory Uncertainty and Policy Changes
- Land Use and Permitting Challenges
- Supply Chain Disruptions
- Competition from Alternative Energy Technologies
- Opportunities
- Technological Innovations and Product Development
- Integration with Energy Storage Systems
- Focus on Rooftop Solar and Distributed Generation
- Sustainable and Eco-Friendly Solutions
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Solar Pv Mounting Systems Market, By Product Type, 2021- 2031(USD Million)
- Fixed
- Tracking
- Global Solar Pv Mounting Systems Market, By Component , 2021- 2031(USD Million)
- PV Modules (Panels)
- Inverters
- Racking
- Battery
- Other Components
- Global Solar Pv Mounting Systems Market, By Application , 2021- 2031(USD Million)
- Residential
- Commercial
- Utilities
- Global Solar Pv Mounting Systems Market, By Geography, 2021- 2031(USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia/New Zealand
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- North America
- Global Solar Pv Mounting Systems Market, By Product Type, 2021- 2031(USD Million)
- Competitive Landscape
- Company Profiles
- Unirac Inc
- SolarWorld AG
- SolarWorld AG
- Quick Mount PV
- RBI Solar Inc
- Company Profiles
- Analyst Views
- Future Outlook of the Market