SOLAR PV MOUNTING SYSTEMS MARKET SIZE IS PROJECTED TO REACH USD 49.678 BILLION, AT A CAGR OF 11.56% BY 2030 – REPORT BY MARKET RESEARCH FUTURE (MRFR)

According to a report by Market Research Future (MRFR), the global solar PV mounting systems market is projected to reach a size of USD 49.678 billion by 2030. The market is expected to grow at a compound annual growth rate (CAGR) of 11.56% during the forecast period.

The increasing adoption of solar PV systems as a clean and renewable energy source, coupled with supportive government policies and incentives, is driving the demand for solar PV mounting systems. These systems play a crucial role in securely and efficiently mounting solar panels on rooftops, ground surfaces, and other structures.

The report highlights the growing demand for solar PV systems in residential, commercial, and utility-scale applications. The residential sector is witnessing significant growth as more homeowners install rooftop solar panels to reduce their electricity bills and contribute to environmental sustainability.

In the commercial sector, businesses are increasingly investing in solar PV systems to meet their energy needs and demonstrate their commitment to sustainability. The utility-scale segment is also experiencing substantial growth with the development of large-scale solar power projects.

The report further emphasizes the importance of technological advancements in solar PV mounting systems, such as improved design, ease of installation, and enhanced durability. These factors contribute to the overall efficiency and effectiveness of solar PV installations.

Geographically, the report covers various regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific region, led by countries like China and India, is expected to dominate the solar PV mounting systems market due to increasing investments in renewable energy infrastructure.

Overall, the projected growth of the solar PV mounting systems market is fueled by the rising adoption of solar energy, favorable government policies, and advancements in mounting system technologies.