Global Solar PV Mounting Systems Market Growth Rate By End-User Application and Aggressive Landscape Analysis 2021-2027

Depleting fossil fuels have led to the adoption of sustainable sources such as solar energy, which will stimulate solar PV mounting systems market. Increasing awareness regarding the adverse effects of GHG emissions on the environment and human health is slated to encourage the usage of solar based power generation. Implementation of stringent rules and regulations to restrict the emission of GHG will fuel solar PV mounting systems industry size noticeably. In addition to this, the reducing costs of the component will also propel the product demand. According to Global Market Insights, Inc., “Worldwide Solar PV mounting systems market was valued USD 6 billion and will generate a notable revenue with an annual growth rate of more than 6% over the period of 2017 to 2024.”

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The world is trending toward the adoption of smart technology. The development of smart cities and green buildings in the commercial as well as residential sectors across the globe will amplify the demand for solar PV mounting systems industry. The deployment of zero emission building norms will also favor the adoption of the product across the commercial sector. Large-scale corporations are also setting an example regarding the adoption of solar power generation. To reduce carbon emission, Lloyds Bank made an investment of USD 1000 million in 2016.

Pertaining to the growth of commercial constructions, solar PV mounting systems industry from the commercial sector will collect significant revenue over the years ahead. The installation of PV systems across the industrial and commercial sector is slated to cross 20.2 GW by 2023, in terms of volume.

To reduce the dependency on non-renewable energy sources such as fossil fuels and to control emissions up to 80%, many countries across Europe have been striving to adopt solar PV mounting systems. The UK government is planning to generate 30% of the overall energy from renewable energy sources by 2020. On these grounds, UK solar PV mounting systems industry will generate a notable revenue with a CAGR of more than 5% over the coming seven years.

The U.S. government is investing heavily to develop clean energy technologies. Besides, the implementation of favorable energy security rules and regulations will influence the product demand. U.S. solar PV mounting systems market will collect a significant revenue over the coming timeframe. The government has also been promoting the product by offering supportive tax rebates, financial assistance, and net metering, which will augment the market share. Speaking about the ongoing technology development, the industry giants are investing their time and money to improve and produce high capacity generation power systems. In fact, the tracking technology covered more than 19% of solar PV mounting systems market share in 2016 and will record substantial growth rate over the years ahead. This technology has the capability to improve the power generation capacity of the product by 20%.

The notable participants in solar PV mounting systems market are UNIRAC, Quick Mount PV, Schletter, Inc., Landpower Solar Technology, Xiamen Grace Solar Technology Co., Ltd., K2 SYSTEMS, Suyash Metatech, RBI Solar, DPW Solar, Versolsolar Co., Ltd., and SNS Corporation.

Considering the ease of installation, compact size, and space optimization benefits, popularity of rooftop mounting systems is increasing among the customers. Rooftop solar PV mounting systems market will exhibit an annual growth rate of more than 8% over the period of 2017 to 2024. The attributing factor toward the market growth is emergence of distributed power to minimize the grid dependency.

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Top companies operating in Solar PV mounting systems market have been focusing on cost effectiveness of the product along with performance enhancement to improve their profit margins. Business participants have also been adopting various growth strategies to expand their global presence over the coming timeframe.


Chapter 3    Solar PV Mounting Systems Industry Insights

3.1    Industry segmentation

3.2    Industry ecosystem analysis

3.2.1    Vendor matrix

3.3    Innovation & sustainability

3.3.1    Schletter GmbH

3.3.2    UNIRAC

3.3.3    Mounting Systems

3.3.4    Clenergy

3.3.5    NEXTracker

3.3.6    Arctech Solar

3.3.7    PV Hardware

3.3.8    ArcelorMittal Projects Exosun

3.3.9    Convert Italia SpA

3.4    Regulatory landscape

3.4.1    North America    U.S.    Mexico

3.4.2    Europe    Regulation    UK    France    Germany

3.4.3    Asia Pacific    China    India    National Tariff Policy (Dated 28th January 2016)    Australia    Feed-in tariff

3.4.4    Africa    South Africa    Renewable Energy Independent Power Producer Programme (REIPPP)    Integrated Resource Plan for Electricity (IRP)

3.4.5    Middle East    Nigeria    Nigeria Feed-in Tariff for Renewable Energy Sourced Electricity    UAE    Small-Scale Solar Photovoltaic Energy Netting Regulations    Iran

3.4.6    Latin America    Chile

3.5    Price trend analysis. By end-use

3.5.1    Residential

3.5.2    Commercial

3.5.3    Utility

3.6    Cost structure analysis

3.6.1    Price learning curve for PV technologies

3.6.2    Capital cost breakdown analysis for solar PV plant, 2019

3.7    Global trends in renewable energy investment 2019 (USD Billion)

3.8    Global solar cost reduction potential, 2025

3.9    Renewable power generation as a share of global power, 2018

3.10    Industry impact forces

3.10.1    Growth drivers    North America & Latin America    Stringent targets for solar PV systems installation    Declining component cost    Europe    Growing demand for conventional energy replacement    Asia Pacific    Favorable clean energy directives    Middle East    Increasing utility scale investments    Africa    Rising distributed and off grid solar installations

3.10.2    Industry pitfall & challenges    Availability of other sustainable alternatives

3.11    Growth potential analysis

3.12    COVID – 19 impact on the overall industry outlook, 2020 - 2026

3.12.1    Top countries impacted by COVID-19

3.12.2    Optimistic View

3.12.3    Realistic View

3.12.4    Pessimistic View

3.13    Porter’s analysis

3.13.1    Bargaining power of suppliers

3.13.2    Bargaining power of buyers

3.13.3    Threat of new entrants

3.13.4    Threat of substitutes

3.14    Competitive landscape, 2019

3.14.1    Strategy dashboard    Schletter GmbH    Mounting Systems, Inc.    JinkoSolar    UNIRAC    K2 Systems    Clenergy    NEXTracker    Array Technologies    Arctech Solar   Soltech   PV Hardware   GameChange Solar

3.14.2    Merger & Acquisition    RBI Solar    Mounting Systems, Inc.    UNIRAC

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