Universally growing Solar PV Mounting Systems market report forecast to 2026

Growing adoption of sustainable technologies along with rising penetration of favorable government initiatives will enable Solar PV Mounting Systems Market to depict an appreciable growth over the forecast time period of 2020-2026. Taking the enormous benefits of solar energy into account, the regulatory institutions are providing several tax rebates and subsidies to encourage the design and construction of photovoltaic systems. Moreover, technological developments endowing high efficiency and cost effectivity will fuel the product demand

Several countries across the globe are undergoing the intimidating situation of power shortage which has urged them to shift their focus on sustainable energy solutions. In this regard, large investments are being made for installation of solar energy systems. For instance, in 2017, the World Bank approved USD 2.8 million for supporting the development of Zambia’s solar photovoltaic electricity generation. This funding along with an investment of around USD 48 million from private sector aided the development of 34-megawatt solar power plant in Lusaka. The power plant was established by Nonie Power Company Limited which is a joint venture by Industrial Development Corporation of Zambia and Enel Green Power, Italy. Reportedly, this project went online in 2019.

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According to Global Market Insights, Inc. report, solar PV mounting systems market is poised to surpass USD 16 billion by 2026.

 

The overall solar PV mounting systems market is fragmented into various segments based on technology, Product, end-use and regional landscape.

 

With regards to technology, fixed mounting systems segment is expected to register a notable growth crediting to robust features like affordable operational costs and easy availability, less space requirement, and   low capital investment.

 

Based on product bifurcation, rooftop solar PV mounting systems segment is observing a considerable growth as a result of increased adoption of solar energy in commercial and residential building projects. In several countries such as Brazil and South Africa, deployment of photovoltaic systems in buildings and households is gaining  massive popularity considering the current power scarcity situation. Moreover, decreasing cost of solar components will have a positive impact on the product demand, thereby propelling the segmental growth.

 

Rising preference for photovoltaic systems in South Africa is providing the industry players a widened scope for expanding their business operations in the country. For instance, in 2017, IBC SOLAR AG, a leading manufacturer of photovoltaics and energy storage systems, established its own regional company IBC SOLAR South Africa (Pty) Ltd. in association with the local firm maxx. Apparently, this strategic move helped the company strengthen its geographical foothold in the country and also in the solar PV business landscape.

 

In terms of end-use, residential sector is projected to depict a commendable growth over the ensuing years. The growth can be attributed to favorable initiatives from regulatory authorities for promoting the adoption of solar energy through feed in tariffs, incentivization, net metering and several other supportive policies. Moreover, declining technology prices, as a result of economies of scale and rising competition on global fronts will substantially influence the industry growth.

 

In terms of regional outlook, Latin America solar PV mounting systems market  is witnessing a massive momentum perhaps due to growing focus towards   grid incorporation of sustainable sources. On account of its advantageous geographic location coupled with stringent regulatory norms, the region has emerged as one of the leading and highly competitive markets for mounting systems business.

 

Development of several large-scale projects in the countries including Brazil and Chile are escalating  the regional market  growth significantly. For instance, Chile had announced its plan of  building Sol del Desierto project possessing a capacity of 230 MW in 2019. Further, over the coming years, reducing prices of components along with initiation of favorable incentive measures will impel the growth of solar PV mounting systems market in the region.

Major industry players in solar PV mounting systems such as Mounting Systems GmbH, Solar, K2 Systems GmbH, UNIRAC, Inc., Schletter GmbH and Esdec Inc. are focused on developing technologically advanced products to strengthen their product portfolio and gain a stronger presence in the market.

 

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Browse key industry insights spread across 240 pages with 434 market data tables and 52 figures & charts from the report, Solar PV Mounting Systems Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/solar-PV-mounting-systems-market

Report Content

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

3.4.1.1    U.S.

3.4.1.2    Mexico

3.4.2    Europe

3.4.2.1    Regulation

3.4.2.2    UK

3.4.2.3    France

3.4.2.4    Germany

3.4.3    Asia Pacific

3.4.3.1    China

3.4.3.2    India

3.4.3.2.1    National Tariff Policy (Dated 28th January 2016)

3.4.3.3    Australia

3.4.3.3.1    Feed-in tariff

3.4.4    Africa

3.4.4.1    South Africa

3.4.4.1.1    Renewable Energy Independent Power Producer Programme (REIPPP)

3.4.4.1.2    Integrated Resource Plan for Electricity (IRP)

3.4.5    Middle East

3.4.5.1    Nigeria

3.4.5.1.1    Nigeria Feed-in Tariff for Renewable Energy Sourced Electricity

3.4.5.2    UAE

3.4.5.2.1    Small-Scale Solar Photovoltaic Energy Netting Regulations

3.4.5.3    Iran

3.4.6    Latin America

3.4.6.1    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

3.10.1.1    North America & Latin America

3.10.1.1.1    Stringent targets for solar PV systems installation

3.10.1.1.2    Declining component cost

3.10.1.2    Europe

3.10.1.2.1    Growing demand for conventional energy replacement

3.10.1.3    Asia Pacific

3.10.1.3.1    Favorable clean energy directives

3.10.1.4    Middle East

3.10.1.4.1    Increasing utility scale investments

3.10.1.5    Africa

3.10.1.5.1    Rising distributed and off grid solar installations

3.10.2    Industry pitfall & challenges

3.10.2.1    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

3.14.1.1    Schletter GmbH

3.14.1.2    Mounting Systems, Inc.

3.14.1.3    JinkoSolar

3.14.1.4    UNIRAC

3.14.1.5    K2 Systems

3.14.1.6    Clenergy

3.14.1.7    NEXTracker

3.14.1.8    Array Technologies

3.14.1.9    Arctech Solar

3.14.1.10   Soltech

3.14.1.11   PV Hardware

3.14.1.12   GameChange Solar

3.14.2    Merger & Acquisition

3.14.2.1    RBI Solar

3.14.2.2    Mounting Systems, Inc.

3.14.2.3    UNIRAC

3.15    PESTEL analysis

 About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

 

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