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The solar PV mounting systems market size is forecast to increase by USD 11.53 billion at a CAGR of 15.1% between 2024 and 2029.
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market is experiencing significant growth as renewable energy sources, such as solar power, gain prominence in the global energy landscape. Feed-in tariffs and subsidies continue to drive demand for photovoltaic mounting systems, particularly for rooftop mounted solar PV panels. Iron and steel, including aluminum and stainless steel, are key materials in the production of solar PV mounting systems. Fossil fuel-reliant industries are increasingly turning to solar PV panels and batteries for low carbon electricity generation.
Carbon emissions reduction targets are pushing businesses to adopt solar power and related technologies. The market for solar PV mounting systems is expected to grow as the world transitions to a more sustainable energy future. Tax breaks and incentives continue to support the adoption of solar PV systems, making them a cost-effective solution for businesses seeking to reduce their carbon footprint. Supportive government policies and the emergence of zero-energy buildings are also contributing to market growth. Iron is increasingly being used in the manufacturing of solar mounting systems due to its strength and durability.
The solar PV mounting systems industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
The Fixed segment is estimated to witness significant growth during the forecast period. Fixed solar mounting systems, which are installed at a predetermined tilt on roofs or other surfaces, have gained popularity due to their affordability and ease of installation and maintenance. These systems, commonly used in residential and small commercial applications with non-concentrating solar technologies, are a significant component of the renewable energy sector's growth. The global expansion of solar power, particularly solar PV technology, in major markets such as China, the United States, Japan, Germany, and France, fuels the demand for fixed solar mounting solutions. Materials like aluminum, steel, and stainless steel are used in the manufacturing of these mounting systems.
Design and testing play a crucial role in ensuring the durability and efficiency of these systems. Renewable portfolio standards and net metering policies encourage the adoption of solar power, further increasing demand. In the utility industry, ground-mounted solar installations are prevalent for industrial applications, while rooftop mounting is popular for commercial and residential use. Greenhouse gas emissions from fossil fuels continue to be a concern, making low carbon electricity from solar power increasingly attractive. Feed-in tariffs, subsidies, and tax breaks further incentivize the use of solar power. The integration of solar power with batteries and green hydrogen storage systems is a growing trend, with tilted installations providing an optimal angle for solar panels to maximize energy production.
The Fixed segment was valued at USD 4.94 billion in 2019 and showed a gradual increase during the forecast period.
The Solar PV Mounting Systems Market is rapidly expanding as industries transition from fossil fuel dependency to cleaner energy alternatives. Rising concerns over carbon emission levels have accelerated investments in solar infrastructure across multiple sectors. Industrial application of solar PV systems is growing, with companies adopting advanced mounting solutions for efficient, scalable, and secure installations. The demand for durable and adaptable PV modules continues to rise, driving innovation in mounting system designs suitable for various terrains.
Inverter technology plays a vital role in converting DC power from solar panels into AC power for use in homes and businesses. PV manufacturing companies produce solar modules, which are mounted using photovoltaic mounting systems. These systems are essential for the successful installation and operation of solar power systems. Flat roofs and ground-mounted production sites are common locations for solar installations, with carports and luggage racks providing additional space for solar panels. The increasing demand for renewable energy sources and the need to reduce carbon emissions are driving the growth of the fixed solar mounting systems market.
APAC is estimated to contribute 67% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The solar photovoltaic (PV) mounting systems market in the Asia-Pacific (APAC) region is experiencing notable growth due to the increasing adoption of renewable energy sources, particularly solar PV panels. Key countries in this market, including China, Japan, India, Australia, and South Korea, are driving the regional growth. In China, for instance, the substantial share of the solar PV landscape is attributed to supportive government policies such as feed-in tariffs (FiTs), which have significantly boosted investments in renewable energy, especially solar projects. However, some countries are shifting towards competitive bidding and auction models for renewable energy projects. In Japan, the solar PV market is witnessing growth due to net metering policies, which enable solar energy producers to sell excess electricity back to the grid. Tandem solar cells, bifacial solar panels, and transparent solar cells are emerging technologies.
Additionally, the utility industry's increasing focus on low carbon electricity production is propelling the demand for solar PV mounting systems. In India, the government's renewable portfolio standards and tax incentives are fueling the market's expansion. Rooftop installations are a popular choice for residential and commercial applications due to their cost-effectiveness and ease of installation. Aluminum and stainless steel are commonly used materials for racking systems due to their durability and resistance to corrosion. Ground-mounted installations, including carports and production sites, are popular in industrial applications. The integration of batteries and green hydrogen in solar PV systems is a developing trend, as these technologies enable energy storage and the production of low-carbon electricity.
The utility industry's increasing focus on reducing carbon emissions is further driving the demand for solar PV mounting systems. Despite the growth, challenges remain, such as the high initial investment costs and the need for efficient design and testing to ensure optimal system performance. The solar PV manufacturing industry is continuously innovating to address these challenges and improve system efficiency and affordability. To stay competitive, market players are exploring advanced technologies like artificial intelligence to optimize the performance of solar panels and inverters.
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The solar PV mounting systems market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the solar PV mounting systems market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, solar PV mounting systems market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Arctech Solar Holding Co. Ltd. - The company specializes in delivering solar PV mounting systems, offering diverse solutions tailored for residential, industrial, commercial, and utility-scale installations across a wide range of project requirements.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The solar photovolvoltaic (PV) mounting systems market continues to evolve, driven by the ongoing shift towards renewable energy sources and the increasing demand for low carbon electricity. This market encompasses a range of applications, from residential and commercial rooftop installations to industrial and utility-scale ground-mounted systems. Ground mounts and handrails play a crucial role in the design and testing of PV systems, ensuring optimal energy production and safety. The use of materials such as iron, steel, and stainless steel in PV mounting systems contributes to their durability and ability to withstand various weather conditions. The solar PV manufacturing sector also influences market dynamics, with advancements in technology leading to the production of more efficient and cost-effective solar modules.
The implementation of renewable portfolio standards, net metering, feed-in tariffs, and subsidies further bolsters the market's growth. The solar PV market's continuous evolution is also reflected in the emergence of new applications, such as ground-mounted production sites and solar carports. These innovations expand the market's reach and provide opportunities for growth in various sectors, including the industrial and utility industries. The market is expanding as photovoltaic inverters, electric generators, and grid-connected PV systems play a crucial role in enhancing the efficiency and reliability of solar energy generation and distribution.
The market is driven by government policies and the increasing adoption of solar power in various industries, including residential, industrial, and utility applications. The use of robust and efficient mounting systems, such as those made of steel and stainless steel, is essential for the successful installation and operation of solar PV systems. This competition complicates market dynamics for mounting system manufacturers, requiring them to adapt to fluctuating demand and evolving installation requirements. Furthermore, governments and investors may prioritize energy sources that offer higher efficiency, lower intermittency, or better integration with existing grids, potentially reducing incentives for solar PV expansion.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Solar PV Mounting Systems Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
203 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 15.1% |
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Market growth 2025-2029 |
USD 11.53 billion |
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Market structure |
Fragmented |
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YoY growth 2024-2025(%) |
12.3 |
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Key countries |
China, US, India, Japan, South Korea, Australia, Germany, Spain, France, and Canada |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Technology
9 Market Segmentation by Type
10 Market Segmentation by Deployment
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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