Solar PV Mounting System Market to Hit $16 Bn by 2026; Global Market Insights, Inc.

SELBYVILLE, Del., Aug. 6, 2020 /PRNewswire/ — Global Market Insights, Inc. has recently added a new report on the solar PV…

SELBYVILLE, Del., Aug. 6, 2020 /PRNewswire/ — Global Market Insights, Inc. has recently added a new report on the solar PV mounting system market which estimates the market valuation for solar PV mounting systems will cross US$ 16 billion by 2026. The provision for various tax rebates along with subsidies to support the design and construction of photovoltaic systems will significantly augment the industry growth.

Fixed mounting systems market will witness significant growth on account of their low operational costs and ease of availability. Less space requirements along with low capital investment will further stimulate the industry growth over the forecast timeline.

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The growing adoption of solar energy in residential & commercial buildings is projected to drive the rooftop solar PV mounting system installation globally. Several countries including South Africa, and Brazil are emphasizing more on the deployment of photovoltaic systems across households & buildings to effectively deal with the ongoing power scarcity situations. Moreover, the declining solar component costs have further driven the deployment across various developing countries significantly.

The residential sector holds immense growth potential and will witness substantial deployment in the coming years. Conducive regulatory efforts to escalate solar adoption through incentivization, feed in tariffs, net metering and similar supportive policies will drive the industry statistics significantly. In addition, declining technology prices, due to the economies of scale and global competition will further raise the solar PV mounting system market dynamics globally.

Growing focus towards the grid integration of sustainable sources has significantly strengthened the solar PV mounting systems business portfolio across Latin America. The region with its favorable geographical location and strong regulatory measures has emerged as one of the leading and most competitive markets for the mounting systems. Development of large utility-scale projects across Chile and Brazil are further enhancing the industry growth substantially. For instance, in 2019, Chile has announced to build Sol del Desierto project with a capacity of 230 MW. In the coming years, declining component prices with the introduction of favorable incentive measures will surge the market across the region.

Browse key industry insights spread across 240 pages with 434 market data tables & 52 figures & charts from the report, «Solar PV Mounting Systems Market Share & Forecast, 2020–2026» in detail along with the table of contents:

Few major findings of the solar PV mounting systems market report include:

  • Ongoing shift toward adoption of sustainable technologies over traditional coal-fired systems will drive the growth of solar PV mounting system market globally.
  • Rising investments toward the integration of solar PV technologies across residential and commercial establishments will fuel business growth.
  • Technological advancement toward product design for efficiency enhancement and cost reduction will stimulate the product demand.
  • Soaring investments for solar PV technologies across African & Middle East countries will supplement the product demand.

Major players operating across the solar PV mounting system market includes, RBI Solar, UNIRAC, Inc., Schletter GmbH, K2 Systems GmbH, Mounting Systems GmbH and Esdec Inc. amongst others.

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Partial chapters of report table of contents (TOC):

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    Solar PV Mounting Systems Market 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

3.15    PESTEL analysis

Browse related report:

Solar PV Module Market Size By Technology (Thin Film, Crystalline Silicon), By Product (Monocrystalline, Polycrystalline, Cadmium Telluride (CdTe), Amorphous Silicon (A-Si), Copper Indium Gallium Di-selenide (CIGS)), By Connectivity (On-Grid, Off-Grid), By Mounting (Ground Mounted, Roof-Top), By End-Use (Residential, Commercial, Utility), Industry Analysis Report, Regional Outlook, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

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Solar PV Mounting Systems Market to exceed $16 Bn by 2026

Solar PV Mounting Systems Market is expected to surpass USD 16 billion by 2026, as reported in the latest study by Global Market Insights, Inc.

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