
Solar Mounting System Market
Solar Mounting System Market Global Industry Assessment & Forecast
Segments Covered
By Product Roof-Top, Ground Mounted
By Application Residential, Commercial, Utility
Snapshot
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2021 - 2028 |
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2016 - 2020 |
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10.32 Billion |
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21.50 Billion |
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9.81 |
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Europe |
Customization Offered
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market Dynamics
Region Level Market Share
Import Export Analysis
Production Analysis
Others Request Customization Speak To Analyst
Key Insights
The
global Solar Mounting System market was valued at USD 10.32 Billion in 2020 and is
projected to reach USD 21.50 Billion by 2028, growing at a CAGR of 9.81%
from 2021 to 2028.

Years | Parameters |
---|---|
Historical Data (Actual Data) | 2016-2020 |
Base Year Data | 2020 |
Current Year Date | 2021 |
Projected year data | 2021-2026 |
Annual Market Size (2028) | 21.50 Billion |
Annual Market Size (2021) | |
CAGR (2021 - 2028) | 9.81% |
Definition and Overview
Photovoltaic mounting systems (also called solar module racking) are used to fix solar panels on surfaces like roofs, building facades, or the ground.
The
global Solar Mounting System market is segmented based on by Product, Application,
regions, and countries. The regional segmentation provides current and forecast
demand across North America, Europe, Asia Pacific, Latin America, and Middle
East & Africa. All the segments have been analyzed on the basis of present
and future trends. Rising demand for Solar Mounting System in various countries such as the U.S.,
Germany, China, India, and Japan, among others is likely to support the growth
of the market. Numerous companies are focusing on investing heavily in this
application to cater the end user requirements effectively. The report provides
comprehensive analysis of the market based on drivers, restraints,
opportunities, trends, competition, and industry-authenticated data. The market
is estimated from 2016 to 2020 with forecast from 2021 to 2028.
Global Solar Mounting System Market: COVID-19 Impact Analysis
The
COVID-19 pandemic is affecting industries worldwide and the global economy took
hit in 2020 and likely in 2021 as well. The outbreak created disruptions in
industries such as semiconductor, consumer electronics, travel, and automotive,
among others. Impact of COVID-19 on the market demand is considered while
estimating the current and forecast market size and growth trends for all the
regions and countries. The
report provides a completely separate chapter for COVID-19 Impact Analysis.
This chapter includes: o Impact Assessment of COVID-19
Pandemic o Pre & Post COVID-19
Market Size o Qualitative analysis on the
short term & long term impact of COVID-19 on the market
o
The
analysis provides foremost strategies adopted by competitors to minimize the
impact of the pandemic on their business activities and scope for future
developments.
Market Insights
The rising energy demand along with growing investment towards deployment of various renewable technologies is anticipated to augment the growth of the market over the forecast period.
The market will witness substantial demand on account of stringent regulations to curb the carbon emissions across various developed nations.
The high initial cost is expected to hamper the growth of the market in the years to come.
Global Solar Mounting System Market Report Scope
Parameter | Details |
---|---|
Market Size Provided for Years | 2016-2028 |
Base Year | 2020 |
Historic Years | 2016-2020 |
Forecast Years | 2021-2028 |
Market Size Provided In Terms Of | Revenue & Volume |
Segments Covered | Product, Application |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Countries Covered | The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others |
Companies Covered | Jiangsu Akcome Science & Technology, Versolsolar, Solar First, RBI Solar, Clenergy, Mounting Systems Inc., Suzhou Radiant Photovoltaic Technology, Schletter GmbH, Wind & Sun Ltd, Chiko Solar, K2 SYSTEMS, SnapNrack, Renusol GmbH, Changzhou Zixu Solar Power, SolarWorld, Xiamen Sunforson Power Co., Landpower Solar Technology, Quick Mount PV, Xiamen Grace Solar Technology, UNIRAC. |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and Europe, company market share analysis, and COVID-19 impact analysis |
Market Segmentation
Product Analysis: Preview On the basis of Product,
the market is segmented into Roof-Top,Ground Mounted. Roof-Top held the
leading share in 2020 and is anticipated to grow at a noteworthy CAGR over the
forecast timespan. This is due to the increasing adoption of Roof-Top
in emerging economies in Asia Pacific region. Application
Analysis: Preview
Based on Application,
the market is segmented into Residential, Commercial, Utility,. Commercial accounted
for the highest market share and is expected to grow at a significant CAGR from
2021 to 2028.
Global Solar Mounting System Market: Product Segment Analysis
-
- Roof-Top
- Ground Mounted
Global Solar Mounting System Market: Application Segment Analysis
-
- Residential
- Commercial
- Utility
Regional Analysis Preview
On the basis of region, the global Solar Mounting System market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe region held the largest share of the global Solar Mounting System market in 2020. Some of the major countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea. US is one of the most profitable countries for companies operating in the market.
Market Size, 2021 (USD Billion)
Global Solar Mounting System Market: Regional Analysis
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- France
- Germany
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
Competitive Landscape
The market comprises of various small, medium, and large sized players spread across all the regions. Some of the key companies operating in the global Solar Mounting System market are Jiangsu Akcome Science & Technology, Versolsolar, Solar First, RBI Solar, Clenergy, Mounting Systems Inc., Suzhou Radiant Photovoltaic Technology, Schletter GmbH, Wind & Sun Ltd, Chiko Solar, K2 SYSTEMS, SnapNrack, Renusol GmbH, Changzhou Zixu Solar Power, SolarWorld, Xiamen Sunforson Power Co., Landpower Solar Technology, Quick Mount PV, Xiamen Grace Solar Technology, UNIRAC.. The report provides company market share analysis which gives a comprehensive overview of the key competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.
FAQ
Frequently Asked Question
What is the global demand for Solar Mounting System in terms of revenue?
-
The global Solar Mounting System valued at 10.32 Billion in 2020 and is expected to reach 21.50 Billion in 2028 growing at a CAGR of 9.81%.
Which are the prominent players in the market?
-
The prominent players in the market are Jiangsu Akcome Science & Technology, Versolsolar, Solar First, RBI Solar, Clenergy, Mounting Systems Inc., Suzhou Radiant Photovoltaic Technology, Schletter GmbH, Wind & Sun Ltd, Chiko Solar, K2 SYSTEMS, SnapNrack, Renusol GmbH, Changzhou Zixu Solar Power, SolarWorld, Xiamen Sunforson Power Co., Landpower Solar Technology, Quick Mount PV, Xiamen Grace Solar Technology, UNIRAC..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 9.81% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Solar Mounting System include
- The rising energy demand along with growing investment towards deployment of various renewable technologies is anticipated to augment the growth of the market over the forecast period.
- The market will witness substantial demand on account of stringent regulations to curb the carbon emissions across various developed nations.
Which region accounted for the largest share in the market?
-
Europe was the leading regional segment of the Solar Mounting System in 2020.