Market Overview:
The global photovoltaic mounting system market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for solar energy across the globe and the rising awareness about the benefits of using solar energy. In addition, government initiatives and subsidies for installing solar panels are also contributing to the growth of this market. The global photovoltaic mounting system market can be segmented on the basis of type into rooftop mounting systems and ground mounting systems. The rooftop mounting systems segment is expected to account for a larger share of this market than ground mounted systems during the forecast period owing to their growing popularity among consumers due to their ease of installation and low cost as compared with ground mounted systems. On the basis of application, this market can be divided into residential, commercial, and others segments.
Product Definition:
A photovoltaic mounting system, also known as a solar panel mount, is a device used to attach solar panels to the roof of a building or other structure. This type of system is important because it helps ensure that the panels are in the best position to collect sunlight and convert it into electrical energy.
Rooftop Mounting System:
Rooftop mounting system is used in photovoltaic mounting systems for the installation of solar panels on roof tops. The product is a key component in the manufacturing process of PV modules as it helps to keep the module clean and safe from any damage during transportation and installation. It also provides security to modules from external environmental factors like dust, dirt, etc., which can harm efficiency if not taken care of properly.
Ground Mounting System:
The ground mounting system is used in the PV mounting system to provide a secure and sturdy platform for the solar panels. It helps in preventing theft or destruction of any kind as well as improves aesthetics by making the installation look more organized and clean. The ground mounted system also provides thermal insulation, which prevents heat from building up on hot components during summer months, ultimately saving energy costs.
Application Insights:
The commercial application segment accounted for the largest share of over 70.0% in 2017 and is projected to witness significant growth over the forecast period. Factors such as government support for promoting renewable energy, rising awareness regarding climate change, and increasing focus on reducing electricity costs are expected to drive demand in this segment.
The residential application segment is anticipated to witness a CAGR of XX% from 2018 to 2030 owing to various benefits offered by photovoltaic systems such as clean source of energy production, zero emissions, secondary income generation opportunities through product installation services among others which are expected to increase adoption rate over the coming years.
Other applications include industrial buildings.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing government initiatives and investments in this region. For instance, In India, a national solar program was launched in 2015 under which installations of photovoltaic systems were made tax-free for residential and commercial applications. This initiative resulted in increased installations of PV systems across the country. Furthermore, China has set an ambitious target of installing around 60 GW capacity by 2020 through different programs such as FITs & Feed-In Tariffs (FIT), Renewable Portfolio Standards (RPS), etc.
North America accounted for more than 20% share of global revenue in 2017 owing to high awareness regarding environmental protection coupled with technological advancements pertaining to mounting system products quality assurance practices followed by installers across various countries within this region.
Growth Factors:
- Increasing demand for renewable energy: The global increase in awareness about the benefits of using renewable energy is one of the primary growth drivers for the photovoltaic mounting system market. Governments and private organizations are increasingly investing in solar power projects to reduce their dependence on traditional sources of energy such as coal and natural gas. This is expected to create a healthy demand for photovoltaic mounting systems in the coming years.
- Technological advancements: The development of new and innovative technologies has helped boost the efficiency and performance of photovoltaic mounting systems, thus driving market growth. Manufacturers are constantly introducing new products that are easier to install and require less maintenance, making them more attractive to consumers.
- Declining prices of solar panels: The cost-effectiveness of solar panels has been a major driver for market growth over the past few years, with prices declining by almost 60% since 2010 according to some reports1 . This trend is likely to continue as technology improves and manufacturing processes become more efficient, resulting in even lower costs for consumers looking to install PV systems on their homes or businesses premises..
Scope Of The Report
Report Attributes
Report Details
Report Title
Photovoltaic Mounting System Market Research Report
By Type
Rooftop Mounting System, Ground Mounting System
By Application
Residential, Commercial, Others
By Companies
Schletter, Esdec, Unirac, Clenergy, Akcome, JZNEE, K2 Systems, DPW Solar, Mounting Systems, RBI Solar, PV Racking, Versolsolar
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
122
Number of Tables & Figures
86
Customization Available
Yes, the report can be customized as per your need.
Global Photovoltaic Mounting System Market Report Segments:
The global Photovoltaic Mounting System market is segmented on the basis of:
Types
Rooftop Mounting System, Ground Mounting System
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Schletter
- Esdec
- Unirac
- Clenergy
- Akcome
- JZNEE
- K2 Systems
- DPW Solar
- Mounting Systems
- RBI Solar
- PV Racking
- Versolsolar
Highlights of The Photovoltaic Mounting System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Rooftop Mounting System
- Ground Mounting System
- By Application:
- Residential
- Commercial
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Photovoltaic Mounting System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A photovoltaic mounting system is a set of components that allow for the installation of solar panels on roofs or other surfaces. The system typically includes a bracket, mount, and wiring.
Some of the key players operating in the photovoltaic mounting system market are Schletter, Esdec, Unirac, Clenergy, Akcome, JZNEE, K2 Systems, DPW Solar, Mounting Systems, RBI Solar, PV Racking, Versolsolar.
The photovoltaic mounting system market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Photovoltaic Mounting System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Photovoltaic Mounting System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Photovoltaic Mounting System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Photovoltaic Mounting System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Photovoltaic Mounting System Market Size & Forecast, 2018-2028
4.5.1 Photovoltaic Mounting System Market Size and Y-o-Y Growth
4.5.2 Photovoltaic Mounting System Market Absolute $ Opportunity
Chapter 5 Global Photovoltaic Mounting System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Photovoltaic Mounting System Market Size Forecast by Type
5.2.1 Rooftop Mounting System
5.2.2 Ground Mounting System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Photovoltaic Mounting System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Photovoltaic Mounting System Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Photovoltaic Mounting System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Photovoltaic Mounting System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Photovoltaic Mounting System Analysis and Forecast
9.1 Introduction
9.2 North America Photovoltaic Mounting System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Photovoltaic Mounting System Market Size Forecast by Type
9.6.1 Rooftop Mounting System
9.6.2 Ground Mounting System
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Photovoltaic Mounting System Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Photovoltaic Mounting System Analysis and Forecast
10.1 Introduction
10.2 Europe Photovoltaic Mounting System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Photovoltaic Mounting System Market Size Forecast by Type
10.6.1 Rooftop Mounting System
10.6.2 Ground Mounting System
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Photovoltaic Mounting System Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Photovoltaic Mounting System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Photovoltaic Mounting System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Photovoltaic Mounting System Market Size Forecast by Type
11.6.1 Rooftop Mounting System
11.6.2 Ground Mounting System
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Photovoltaic Mounting System Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Photovoltaic Mounting System Analysis and Forecast
12.1 Introduction
12.2 Latin America Photovoltaic Mounting System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Photovoltaic Mounting System Market Size Forecast by Type
12.6.1 Rooftop Mounting System
12.6.2 Ground Mounting System
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Photovoltaic Mounting System Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Photovoltaic Mounting System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Photovoltaic Mounting System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Photovoltaic Mounting System Market Size Forecast by Type
13.6.1 Rooftop Mounting System
13.6.2 Ground Mounting System
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Photovoltaic Mounting System Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Photovoltaic Mounting System Market: Competitive Dashboard
14.2 Global Photovoltaic Mounting System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schletter
14.3.2 Esdec
14.3.3 Unirac
14.3.4 Clenergy
14.3.5 Akcome
14.3.6 JZNEE
14.3.7 K2 Systems
14.3.8 DPW Solar
14.3.9 Mounting Systems
14.3.10 RBI Solar
14.3.11 PV Racking
14.3.12 Versolsolar
