Ground Mounted Solar PV Mounting System Market Research Report By Type (Fixed Tilt Mounting System, Single Axis Tracking System, Dual Axis Tracking System), By Material (Steel, Aluminum, Concrete), By Capacity (Small-scale (up to 10 MW), Medium-scale (10-100 MW), Large-scale (above 100 MW)), By Application (Utility-scale, Commercial, Residential), By Technology (Ballasted, Penetrating, Pole) and By Regional (North America, Europe, South America, Asia-Pacific, Middle East and Africa) - Forecast to 2032.

Ground Mounted Solar PV Mounting System Market Overview

As per MRFR analysis, the Ground Mounted Solar PV Mounting System Market Size was estimated at 8.84 (USD Billion) in 2022. The Ground Mounted Solar PV Mounting System Market Industry is expected to grow from 10.01(USD Billion) in 2023 to 30.5 (USD Billion) by 2032. The Ground Mounted Solar PV Mounting System Market CAGR (growth rate) is expected to be around 13.18% during the forecast period (2024 - 2032).

Key Ground Mounted Solar PV Mounting System Market Trends Highlighted

The ground-mounted solar PV mounting system market is projected to expand rapidly due to the increasing adoption of solar energy, driven by government initiatives and incentives to promote renewable energy sources. The rising demand for cost-effective and efficient solar installations is also contributing to the market's growth. Key trends include the adoption of tracking systems to enhance energy yield, the use of advanced materials for durability and corrosion resistance, and the emphasis on aesthetics and land optimization. Opportunities exist in exploring innovative mounting solutions that cater to specific site conditions and maximize efficiency.

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Ground Mounted Solar PV Mounting System Market Drivers

Growing Demand for Renewable Energy

The Ground Mounted Solar PV Mounting System Market is primarily driven by the increasing demand for renewable energy sources. As concerns about climate change escalate and the need for sustainable energy solutions intensifies, governments and organizations worldwide are implementing policies and initiatives to promote the adoption of solar energy. Ground-mounted solar PV systems offer several advantages, including their ability to generate large amounts of electricity, their scalability, and their relatively low maintenance costs.These factors are contributing to the growing demand for ground-mounted solar PV mounting systems in both developed and developing countries. Key factors driving the growth of the Ground Mounted Solar PV Mounting System Market Industry include- Rising concerns about climate change and warming- Increasing demand for renewable energy sources- Government incentives and subsidies for solar energy installations- Technological advancements, and cost reductions in solar PV panels- Growing awareness of the environmental benefits of solar energy- Increasing adoption of solar energy in emerging markets- Supportive government policies and regulations- Growing demand for distributed energy generation- Escalating energy costs and increasing electricity demand- Declining costs of solar PV systems- Technological advancements in solar PV technology- Growing adoption of smart grid technologies.

Technological Advancements

In the last few years, significant technological advancements have been made in the industry. On this account, leading manufacturers are investing in improving ground-mounted solar PV mounting systems, making them more efficient and durable. First and most important, alongside technological advancements, manufacturers have advanced by investing in research and development, focusing on new, more durable, and lower-cost materials, and discovering innovative design solutions.Furthermore, advanced tracking systems have been developed in the process, ensuring superior performance and reliability. As a result, these advancements have facilitated the increased implementation of ground-mounted solar PV mounting systems.

Government Incentives and Policies

Government incentives and policies play a crucial role in driving the growth of the Ground Mounted Solar PV Mounting System Market Industry. Many governments around the world have implemented feed-in tariffs, tax credits, and other financial incentives to encourage the adoption of solar energy. These incentives make ground-mounted solar PV mounting systems more affordable and accessible to businesses and homeowners alike. Additionally, governments are implementing policies that mandate the use of renewable energy sources in new construction projects and promote the development of solar farms. These policies are creating a favorable environment for the growth of the ground-mounted solar PV mounting system market.

Ground Mounted Solar PV Mounting System Market Segment Insights

Ground Mounted Solar PV Mounting System Market Type Insights

The type segment of the Ground Mounted Solar PV Mounting System Market is Fixed Tilt Mounting System, Single Axis Tracking System, and Dual Axis Tracking System, among which the Fixed Tilt Mounting System, in 2023, took up more than 60% of the worldwide market. The reasons for that are the simplicity of this solution, its low cost, and quick installation. However, the Single Axis Tracking System is expected to have the highest CAGR in the studied period, as it allows tracing the plane of the sun's trajectory, providing up to 25% higher energy yield.The Dual Axis Tracking System is also expected to grow at a high rate as it traces the sun's position on the east-west and north-south axes, further increasing the energy yield. Therefore, more facilities are expected to adopt more expensive mounting systems in order to obtain higher energy production rates. In terms of revenue, the Ground Mounted Solar PV Mounting System Market is anticipated to reach a value of USD 12.5 billion by 2024, growing with a CAGR of 12% through the studied period. The Single Axis Tracking System segment is expected to reach USD 8.5 billion by 2024, growing at a CAGR of 14% through 2024 & 2032. The value of the Dual Axis Tracking System segment is estimated at USD 4.5 billion by 2024, and its CAGR will be 16% through 2024-2032.

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Ground Mounted Solar PV Mounting System Market Material Insights

The Ground Mounted Solar PV Mounting System Market is segmented by Material into Steel, Aluminum, and Concrete. Steel is the most commonly used material for ground-mounted solar PV mounting systems. It is popular due to its strength, durability, and cost-effectiveness. The steel market is projected to grow to $1.8 trillion by 2024, mainly owing to increasing demand for construction and infrastructure. Aluminum is another common choice for ground-mounted solar PV mounting systems, as it is lightweight, corrosion-resistant, and strong.The aluminum market is expected to reach $325 billion by 2024, driven significantly by the increasing demand for aluminum in the automotive and aerospace industries. Although concrete is also used in ground-mounted solar PV mounting systems, it is not as popular as steel or aluminum. The concrete market is forecast to grow to $1.2 trillion by 2024, also fueled by increasing demand in construction.

Ground Mounted Solar PV Mounting System Market Capacity Insights

The Ground Mounted Solar PV Mounting System Market segmentation by capacity can be divided into small-scale (up to 10 MW), medium-scale (10-100 MW), and large-scale (above 100 MW). The large-scale segment held the largest market share in 2023, accounting for over 55% of the Ground Mounted Solar PV Mounting System Market revenue. The increasing adoption of large-scale solar PV projects by utility companies and independent power producers is driving the growth of this segment. The medium-scale segment is expected to witness significant growth in the coming years, owing to the rising popularity of commercial and industrial rooftop solar installations. The small-scale segment is also expected to grow steadily, driven by the increasing adoption of residential solar PV systems.

Ground Mounted Solar PV Mounting System Market Application Insights

The Ground Mounted Solar PV Mounting System Market is segmented by application into Utility-scale, Commercial, and Residential. Among these segments, the Utility-scale segment held the largest market share in 2023, accounting for nearly two-thirds of the market revenue. This dominance is primarily driven by the increasing adoption of utility-scale solar projects worldwide, as governments and utilities seek to reduce their reliance on fossil fuels and transition towards renewable energy sources. The Commercial segment is also expected to witness significant growth over the forecast period, owing to the rising demand for solar PV systems from businesses and organizations looking to reduce their energy costs and contribute to sustainability goals.The Residential segment, while currently accounting for a smaller market share, is anticipated to grow steadily as more homeowners opt for solar PV systems to power their homes and reduce their energy bills.

Ground Mounted Solar PV Mounting System Market Technology Insights

The Ground Mounted Solar PV Mounting System Market is segmented by Technology into Ballasted, Penetrating, and Pole. Among these, the Ballasted segment held the largest market share in 2023 and is projected to continue its dominance throughout the forecast period. The Ballasted segment is anticipated to reach a market valuation of around USD 12.5 billion by 2032, expanding at a CAGR of 14.2% during the forecast period. The growth of the Ballasted segment can be attributed to its advantages, such as ease of installation, reduced labor costs, and compatibility with various ground conditions.

Ground Mounted Solar PV Mounting System Market Regional Insights

The regional segmentation of the Ground Mounted Solar PV Mounting System Market offers insights into the market's geographic distribution and performance. North America is projected to hold a significant market share, driven by the growing adoption of solar energy and government incentives for renewable energy sources. Europe is another key region, with countries like Germany, Spain, and Italy leading the market growth. The APAC region is expected to witness substantial growth, primarily due to the increasing demand for solar energy in developing economies like China and India.South America and MEA are also emerging markets with potential for growth in the Ground Mounted Solar PV Mounting System Market.

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Ground Mounted Solar PV Mounting System Market Key Players And Competitive Insights

Major players in Ground Mounted Solar PV Mounting System Market industry are constantly engaged in developing advanced technologies and launching new products to gain a competitive edge. Leading Ground Mounted Solar PV Mounting System Market players are focusing on strategic partnerships, acquisitions, and mergers to expand their reach and strengthen their market position. The Ground Mounted Solar PV Mounting System Market is highly competitive, with numerous established and emerging players vying for market share. Some of the key players in the Ground Mounted Solar PV Mounting System Market include Array Technologies, Inc., SunPower Corporation, First Solar, Inc., Trina Solar Limited, Canadian Solar Inc., JinkoSolar Holding Co., Ltd., and Hanwha Q CELLS Co., Ltd. These companies are actively involved in research and development to improve the efficiency and cost-effectiveness of their products.SunPower Corporation, a leading Ground Mounted Solar PV Mounting System Market player, offers a range of advanced solar mounting solutions for residential, commercial, and utility-scale applications. The company's products are known for their durability, reliability, and ease of installation. SunPower Corporation has a strong presence in North America, Europe, and Asia-Pacific regions and is committed to providing innovative solar mounting solutions to meet the growing demand for renewable energy.A competitor company, First Solar, Inc., is another major player in the Ground Mounted Solar PV Mounting System Market. First Solar specializes in the design and manufacture of high-performance solar modules and mounting systems. The company's products are known for their high efficiency, durability, and cost-effectiveness. First Solar has a strong presence in North America and Europe and is expanding its operations in emerging markets. The company's commitment to sustainable energy solutions and its focus on innovation has made it a formidable competitor in the Ground Mounted Solar PV Mounting System Market.

Key Companies in the Ground Mounted Solar PV Mounting System Market Include

• Array Technologies, Inc.


• Hanwha Q CELLS Co., Ltd.


• JA Solar Technology Co., Ltd.


• JinkoSolar Holding Co., Ltd.


• NEXTracker, Inc.


• Swinergy Co., Ltd.


• GCL System Integration Technology Co., Ltd.


• ReneSola Ltd.


• TrinaTracker, Ltd.


• Trina Solar Co., Ltd.


• SunPower Corporation


• Canadian Solar Inc.


• First Solar, Inc.


• Yingli Solar Holding Co., Ltd.


• LONGi Green Energy Technology Co., Ltd.

Ground Mounted Solar PV Mounting System Market Industry Developments

The ground-mounted solar PV mounting system market is projected to grow from USD 10.01 billion in 2023 to USD 30.5 billion by 2032, at a CAGR of 13.18%. This growth is attributed to the increasing adoption of solar energy, government initiatives to promote renewable energy, and declining costs of solar PV modules. Key market players include Schletter, RBI Solar, and Array Technologies. Recent developments include the launch of innovative mounting systems, such as single-axis trackers and bifacial modules, which are expected to further drive market growth.

Ground Mounted Solar PV Mounting System Market Segmentation Insights

• Ground Mounted Solar PV Mounting System Market Type Outlook


• Fixed Tilt Mounting System


• Single Axis Tracking System


• Dual Axis Tracking System

• Ground Mounted Solar PV Mounting System Market Material Outlook


• Steel


• Aluminum


• Concrete

• Ground Mounted Solar PV Mounting System Market Capacity Outlook


• Small-scale (up to 10 MW)


• Medium-scale (10-100 MW)


• Large-scale (above 100 MW)

• Ground Mounted Solar PV Mounting System Market Application Outlook


• Utility-scale


• Commercial


• Residential

• Ground Mounted Solar PV Mounting System Market Technology Outlook


• Ballasted


• Penetrating


• Pole

• Ground Mounted Solar PV Mounting System Market Regional Outlook


• North America


• Europe


• South America


• Asia-Pacific


• Middle East and Africa