Global Fixed Tilt Solar PV Market 2019-2023

To identify growth opportunities in the fixed tilt solar PV market, the market has been segmented into regions that are growing faster than the overall market. These regions have been pitted against regions that have a slower growth rate than the global market in 2018-2023. EMEA and the Americas will grow faster than the overall market. The market growth APAC will be slower than the global market.

The global fixed tilt solar PV market is expected to witness a CAGR of 8.91% during the forecast period. Certain factors that are driving the market growth include declining cost of solar power generation, supportive government policies and regulations, and growing adoption of renewable energy.

Some of the key findings from our fixed tilt solar PV market forecast report are summarized below

See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from the report.

Get a FREE sample now!

The adoption of renewable energy has increased owing to various benefits such as competitive price of power generation, subsidies provided by various governments, and favorable regulations. According to the IEA, the year-over-year global energy demand grew from 2.10% in 2017 to 2.30% in 2018. Electricity generation using renewable sources of energy increased by 7% or almost 450 TWh in 2018 when compared with 2017 and exhibited the fastest growth since 2010.  The capital cost for solar PV systems declined by 15% in 2017 when compared with 2016 which spurred the installations of solar PV systems. According to the US EIA, the adoption of renewable energy in the US was observed to be slowly increasing, with renewable energy sources accounting for 11% of the total energy consumed in 2017. Hence, the growing adoption of renewable energy sources is expected to drive the growth of the market.

Global Fixed Tilt Solar PV Industry Overview

Governments across the world are encouraging the adoption of renewable energy sources by offering subsidies, incentives, and tax benefits. For instance, the Solar ITC in the US offers a 30% reduction in federal taxes for both commercial and residential users who install solar energy systems. Countries such as Australia and China have formulated the FiT policy to encourage high investments in renewable technologies. Also, the depleting fossil fuel resources and the growing environmental concerns have urged many countries to embrace the solar, wind, and other forms of renewable energy. This has led to the growing installation of solar farms, which has increased the demand for BOS, including fixed solar PVs. These factors are driving the growth of the global fixed tilt solar PV market size over the forecast period.

The development of mono PERC and bifacial solar PV modules is one of the major trends in the development of next-generation solar PV modules. Bifacial solar PV modules generate power from both sides of the solar PV module and produce more power compared to monofacial solar PV modules. The adoption of advanced PERC technology increases the efficiency and results in fast ROI that leads to a reduction in the cost of solar PV systems. The PERC solar cells contain tiny pockets in the film that absorb maximum sunlight to produce a high electrical output. The integration of mono PERC and bifacial technology is expected to reduce the loss of power and increase the operational efficiency of solar PV cells. As a result of these factors, the global fixed tilt solar PV market size is expected to grow at a CAGR of almost 9% during 2019-2023.

Top Manufacturers Covered in the Fixed Tilt Solar PV Market Research Report

The global fixed tilt solar PV market is fairly fragmented. To help clients improve their market position, the report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, the fixed tilt solar PV market research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities.

The report offers a detailed analysis of several fixed tilt solar PV companies, including:

• Alion Energy Inc.
• Arctech Solar Holding Co. Ltd.
• Canadian Solar, Inc.
• Tata International Ltd.
• Trina Solar Co. Ltd.

Fixed Tilt Solar PV Market Segmentation Based on Application

• Utility
• Non-utility

Fixed tilt solar PVs are largely deployed in utility-scale solar power plants. The declining cost of solar power generation is one of the major factors driving the growth of the segment. Moreover, the low costs associated with the fixed-tilt solar mounting structures are contributing to the growth of the segment.

Fixed Tilt Solar PV Market Segmentation Based on Geography

• The Americas
• APAC
• EMEA

APAC provides a large number of growth opportunities for fixed tilt solar PV manufacturers. The availability of financial incentive programs such as FiTs in China and Japan has resulted in a strong demand for fixed tilt solar PV mounting structures. India is witnessing rapid growth in the solar energy market due to the declining cost of solar power generation and the presence of supportive government policies. These factors are expected to drive the growth of fixed tilt solar PV market in APAC.

Key Highlights of the Global Fixed Tilt Solar PV Market for the Forecast Period 2019-2023

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the fixed tilt solar PV market size during the next five years
• Precise estimation of the global fixed tilt solar PV market share, size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the fixed tilt solar PV industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details of factors that will challenge the growth of fixed tilt solar PV manufacturers

We can help! Our analysts can customize the market research report to meet your requirements. Get in touch