Research Nester published a report titled “Solar PV Mounting Systems Market: Global Demand Analysis & Opportunity Outlook 2035” which delivers detailed overview of the global solar PV mounting systems market in terms of market segmentation by type, end user, technology, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global solar PV mounting systems market is expected to garner a large revenue by growing at a notable CAGR of 5% throughout the forecast period, i.e., 2023 – 2035, owing to the rising investments for implementing renewable technologies, increasing solar projects and growing installation of solar PV mounting systems globally. Furthermore, government policies promoting usage of solar energy is also estimated to fuel the expansion of market in the coming years.
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The market is segmented on the basis of type, end user and technology. On the basis of end user, the utility segment is anticipated to grow at a considerable rate during the forecast period in view of increasing number of high-income driven solar projects that have lower operational costs. Additionally, based on type, the ground mounted segment is expected to grow at the highest rate on the back of the increasing installation of solar equipment in the last few years.
Regionally, the global solar PV mounting systems market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. Asia Pacific is expected to observe noteworthy market growth during the forecast period, which can be attributed to the growing installation of solar PV mounting systems in the residential and commercial sectors, and favorable government initiatives in the region.
Increasing Implementation of Renewable Technologies to Drive Market Growth
Increasing electricity requirements coupled with strict emission regulations has led to the authorities to emphasize more on large-scale solar projects. As solar panels offer improved power output, ease of maintenance and panel longevity, they offer electricity at a competitive price as compared to other alternatives. This is considered to be a crucial factor driving market growth in the coming years.
However, highly fragmented market as a result of competition is expected to operate as key restraint to the growth of the solar PV mounting systems market over the forecast period.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
This report also provides the existing competitive scenario of some of the key players of the global solar PV mounting systems market which includes company profiling of K2 Systems GmbH, Unirac, Inc., Schletter, Inc., Land Power Solar Technology Co. Ltd, Quick Mount PV, Mounting Systems, Inc., RBI Solar, Inc., Pennar Industries Limited, Tata International Limited, Nuevosol Energy Pvt. Ltd., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the solar PV mounting systems market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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