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Ground Mounted Solar PV Mounting Systems Market by Technology (Fixed, Tracking), by End-Use (Residential, Commercial & Industrial, Utility), by North America (U.S, Canada, Mexico), by Europe (Austria, Norway, Denmark, Finland, France, Germany, Italy, Switzerland, Spain, Sweden, UK, Netherlands, Poland, Belgium, Ireland, Baltics, Portugal), by Asia Pacific (China, Australia, India, Japan, South Korea, Thailand, Philippines, Vietnam, Malaysia, Singapore), by Middle East (Israel, Saudi Arabia, UAE, Jordan, Oman, Kuwait, Turkey), by Africa (South Africa, Egypt, Algeria, Nigeria, Morocco), by Latin America (Brazil, Chile, Argentina, Peru) Forecast 2025-2033
The size of the Ground Mounted Solar PV Mounting Systems Market was valued at USD 21.50 Billion in 2023 and is projected to reach USD 27.54 Billion by 2032, with an expected CAGR of 3.6% during the forecast period. The Ground Mounted Solar PV Mounting Systems sector is dedicated to the design, creation, and installation of mounting frameworks intended to hold solar photovoltaic (PV) panels on the ground. These systems are essential for extensive solar energy initiatives, where PV panels are placed in open areas instead of on rooftops, allowing for the substantial generation of solar power. The market is propelled by the increasing need for renewable energy sources, especially solar energy, as nations globally aim to lower carbon emissions and shift towards more sustainable energy alternatives. Ground-mounted solar PV systems are commonly utilized in utility-scale solar farms, industrial setups, and large commercial ventures because they can optimize panel placement and improve energy production. The market gains from technological progress in mounting systems, including trackers that change panel angles for optimal sunlight capture and designs that enhance installation productivity. Furthermore, the rising emphasis on energy self-sufficiency, state support for renewable energy, and the decreasing prices of solar technology are driving the expansion of this market. With the worldwide shift towards renewable energy speeding up, the market for Ground Mounted Solar PV Mounting Systems is anticipated to grow considerably in the next few years.
The Ground Mounted Solar PV Mounting Systems Market is characterized by high concentration in terms of market share. The top players hold a significant portion of the market, while smaller players compete for a smaller share. There is a high level of innovation in the market, with companies constantly developing new and improved mounting systems. Regulations and product substitutes also impact the market's characteristics. The level of M&A activity is moderate, as companies seek to consolidate their market positions.
Key market insights include the growing demand for solar energy, the increasing adoption of fixed-tilt ground mount systems, and the increasing focus on durability and reliability. The launch of new products, such as GameChange Solar's MaxDensity system, highlights the ongoing innovation in the market. Partnerships and collaborations are also playing a role in driving market growth, as companies combine their expertise to offer complete solutions to their customers.
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Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 3.6% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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