PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1628237
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1628237
The Global Solar PV Mounting Systems Market, valued at USD 38.4 billion in 2024, is expected to grow at a CAGR of 4.9% from 2025 to 2034. Solar PV mounting systems are essential components that securely attach solar panels to various surfaces, such as rooftops or the ground, to ensure optimal sunlight exposure. These systems are designed to support solar panels for the entire lifespan of the panels, which typically lasts between 25 to 30 years.
The demand for solar PV mounting systems is expected to rise due to increasing investments in renewable energy solutions and the expansion of off-grid solar installations in developing nations. Technological advancements that enhance solar panel efficiency, coupled with growing consumer interest in alternative energy sources, are expected to further support market growth. The ongoing investments in expanding energy grids and integrating rooftop solar technologies are also contributing to the expansion of the solar industry. Additionally, the low maintenance costs and the space-saving nature of these systems make them an attractive choice for both residential and commercial users.
The adoption of green energy policies, along with the decline in the cost of solar components, is expected to boost the demand for solar PV mounting systems. As governments continue to introduce regulations to support solar energy adoption, the industry is likely to see further growth. Moreover, the push for solar PV system installations, combined with the ongoing reduction in component prices, will fuel market expansion in the coming years.
Market Scope | |
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Start Year | 2024 |
Forecast Year | 2025-2034 |
Start Value | $38.4 Billion |