Solar PV Mounting Market is segmented by Product (Rooftop and Ground Mounted), By Technology (Fixed and Tracking) By End-User (Residential, Commercial and Utility) and By Regions with Global Market Forecast to 2023.
Key Players Studied:
Mounting System GmbH, Schletter Group, Clenergy, Xiamen Universe Solar Tech. Co. Ltd., PV Racking, SolarWorld AG, Land Power Solar Technology Co. Ltd., Unirac Inc., Tata International Ltd., Van der Valk Solar Systems BV, Quick Mount PV, Xiamen Grace Solar Technology Co. Ltd., K2 Systems GmbH, Xiamen Corigy New Energy Technology Co. Ltd, RBI Solar Inc.
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Market Overview:
The escalation in demand for renewable energy sources has spurred the reliance on PV panels for energy generation. Reports that evaluate the energy and power industry have been made available by Market Research Future which creates reports on several industry verticals that review the market growth and prospects. The market is anticipated to expand with a CAGR of 11.56% while grossing revenues worth USD 23,107 Mn in the forecast period.
The high efficiency of solar panels is expected to raise the demand for mounting systems considerably. The growing number of solar projects globally are anticipated to stimulate the solar PV mounting systems market. The surge in the installation of rooftop solar mounting structures is expected to create promising opportunities for progress in the forthcoming years.
Segmental Analysis
The segmentation of the solar PV mounting systems market is carried out on the basis of technology, end-user, products, and region. On the basis of products, the solar PV mounting systems market is segmented into rooftop and ground mounted. The segmentation of the solar PV mounting systems market on the basis of technology, comprises of tracking and fixed. Based on the end-users, the solar PV mounting systems market is segmented into commercial, residential, and utilities. The regions considered in the solar PV mounting systems market are Europe, North America, the Asia Pacific and the Rest of the World.
Detailed Regional Analysis
The analysis of the regions in the solar PV mounting systems market includes Europe, North America, the Asia Pacific and the Rest of the World. The Asia Pacific region is responsible for a majority share of 43.02% of the solar PV mounting system market and is anticipated to flourish at a CAGR of 11.24% throughout the forecast period. The Asia Pacific has a massive population which is steadily growing, and the demand for cost-efficient power is also growing as well. The availability of clean energy sources is progressively becoming appealing due to rising support for renewable energy deployment in the form of promising policies and regulations together with awareness campaigns.
China is leading the growth of the APAC market in terms of solar photovoltaic cell manufacturing with Japan and India following closely. The amplified investments in renewable resources and a sunny climate for the better part of the year have led to the acknowledgment of solar energy as the best substitute for standard energy sources. The Middle Eastern & African region, however, is expected to develop exponentially owing to the region being favorable for the adoption of solar power as a majority of the region has a desert climate and has long hours of sunlight. The presence of several construction projects which influence and incorporate solar energy are projected to drive the solar PV mounting systems market in the region.
Competitive Analysis
The progress capability of the market is bolstered by the accretive nature of the assets available in the market. The absorbed expenses in the market are readily dispensed with, opening more room for the development in the market. The companies functioning in the market are persistently taking on the hindrances to progress and are forming strategies that are projected to guide to a beneficial outcome on the market’s advancement. The advancement of the market is upgraded chiefly due to the reduction in promotional and miscellaneous expenses. An intensified growth pace is observed due to the productive effect exerted by the market forces both externally and internally. The market is projected to accomplish an absolute lead in the market place owing to improved strategies in specific areas. Additionally, the deals being coined in the market are likely to additionally inspire the development of the market in the impending years.
Table Of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
5 Global Solar PV Mounting Systems Market, By Transmission Type
5.1 Introduction
5.2 Automatic
5.2.1 Market Estimates & Forecast, 2017-2023
5.2.2 Market Estimates & Forecast By Region, 2017-2023
5.3 Manual
5.3.1 Market Estimates & Forecast, 2017-2023
5.3.2 Market Estimates & Forecast By Region, 2017-2023
5.2 Semi-Automatic
5.2.1 Market Estimates & Forecast, 2017-2023
5.2.2 Market Estimates & Forecast By Region, 2017-2023
Continued…
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