Expanding patterns for installing integrated PV systems have led to a highly expected rise in the solar PV mounting systems market

Market Research Future (MRFR) has published a cooked research report on the “global solar PV mounting systems market” that contains the information from 2019 to 2030. The global solar PV mounting systems market clinical laboratory service market is estimated to register a CAGR of 7.60% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global clinical laboratory service market— Schletter Group (Germany), Unirac Inc. (US), SolarWorld AG (Germany), K2 Systems GmbH (Germany), Esdec (Netherlands), Tata International Ltd (Switzerland), Land Power Solar Technology Co. Ltd (China), RBI Solar Inc. (US), Mounting System GmbH (Germany), and others.

Solar PV Mounting Systems Market Highlights

The global solar PV mounting systems market is accounted for to register a CAGR of 7.60% during the forecast period and is estimated to reach USD 24,026.70 million by 2030.

The single largest growth factor are the schemes to promote the installation of solar PV mounting systems. Nations are tapping renewable energy sources to generate electricity so as to cut down carbon emissions and promote energy efficiency. Also, solar energy is observed as a potential and economic source to curb emissions and promote clean energy. Thus, various governments are offering subsidies and incentives to manufacture solar mounting structures and install them on a large scale to accelerate solar projects. One of the key factors driving growth in the solar PV mounting systems market is the supportive government policies. The use of alternative energy sources is necessary to reduce greenhouse gas (GHG) emissions. Various governments across the world support the adoption of solar PV systems by providing incentives, subsidies, and tax benefits to producers and consumers.

However, fluctuating raw material prices are expected to hamper market growth. Solar mounting structures are manufactured from steel or aluminum, which are supplied by the raw material providers to manufacturers. These metals are the most volatile commodities in terms of prices. Since the prices of steel and aluminum are subject to macro and micro-economic factors, any fluctuation in their cost affects the manufacturing cost of solar mounting systems. While the increasing installations of building integrated PV systems (BIPV) is expected to create a lucrative opportunity for market growth. A building integrated photovoltaic (BIPV) system is the modern solution for generating electricity from a building. It is the integration of solar PV mounting system into the building envelopes that synchronize the architectural and technological aspects along with generating solar energy for meeting the power demand of the building. As construction activities have been increasing rapidly across the globe, multistoried buildings have been the center of attraction in densely populated areas.

Segment Analysis

The global solar PV mounting systems market has been segmented based on product, technology component, and end-user.

Based on product, the market is segmented into rooftop and ground mounted. The clinical rooftop segment was attributed to holding the largest market share in 2022 with a market share of ~52% revenue as estimated by MRFR analysts.

The deployment of residential rooftop solar PV systems has increased significantly in recent years across the world, owing to the declining costs and the government’s supportive policies. Residential rooftop solar PV installations can be arranged in smaller configurations for mini-grids or personal use. There is a rise in demand for residential rooftop systems from various countries where residents need accessible, affordable, and reliable electricity options. In many countries, the electricity generated from solar PV electricity is more economically attractive than buying electricity from the grid.

Further, we estimate that the market segment will continue to pool in the largest chunk of revenue during the forecast period. It has been identified that the segment market yet witnesses innovations, increasing efficiency and technological development to improve overall energy out based on new products launched in the market.  

Based on technology, the global solar PV mounting systems market has been segmented into fixed and tracking. The fixed segment was expected to hold the largest market share in 2022.

Based on the components, the market is segmented into PV modules (panels), inverters, racking, batteries, and other components. The PV modules (panels) segment is projected to have the largest market share during the forecast period.

Furthermore, based on end-user, the global solar PV mounting systems market has been segmented into residential, commercial, and industrial. The residential segment is expected to hold the largest market share in 2022 and dominate the market share during the forecast period.

Regional Analysis

The global solar PV mounting systems market, based on region, has been divided into North America, Europe, Asia-Pacific, and Middle East & Africa, and South America.  North America consists of US, Canada, and Mexico. The Europe solar PV mounting systems market comprises of Netherlands, Denmark, Finland, Norway, Sweden, Belgium, and the rest of Europe. The solar PV mounting systems market in Asia-Pacific has been segmented into China, India, Japan, South Korea, and the rest of Asia-Pacific. The Middle East & Africa market comprises of Saudi Arabia, UAE, South Africa, and Rest of Middle East & Africa. While the South America solar PV mounting systems market comprises of Brazil, Argentina, and rest of South America.

The imperative factors, such as increase in awareness among people and increasing solar power projects, are boosting the growth of the North America region.

Moreover, the Europe market has been persistently growing owing to factors such as government initiatives such as regulations and subsidies promoting adoption of solar energy systems, and sustainability goal targets to reduce emission.

Additionally, market factors, such as the growth demand for renewable electricity sources, and growing awareness among individuals along with initiatives being undertaken by government and private organizations disease are driving the Asia-Pacific region’s growth.

While, in Middle East & Africa, the large accessibility to solar energy source along with increasing electrification trend are expected to fuel market growth of solar PV mounting systems market in this region

Furthermore, the South America region market growth is driven by growing government initiatives and increasing demand for power in the region.

Key Findings of the Study

• The global solar PV mounting systems market is expected to reach USD 24,026.70 million by 2030, at a CAGR of 7.60 % during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market, growth in due to increasing installation of sola projects, and promotional initiatives being undertaken by various governments and private organizations.


• Based on end-user, the residential segment was attributed to holding the largest market in 2022, with an approximate market share of ~46%.


• Schletter Group (Germany), Unirac Inc. (US), SolarWorld AG (Germany), K2 Systems GmbH (Germany), Esdec (Netherlands), Tata International Ltd (Switzerland), Land Power Solar Technology Co. Ltd (China), RBI Solar Inc. (US), Mounting System GmbH (Germany), are the key market players.