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Solar PV Mounting Systems Market share to reach
$9bn by 2024: Global Market Insights Inc.
The Solar PV Mounting Systems Market trends are analyzed from recent past
with an eye on coming years in this report that also offers projections for Solar PV
Mounting Systems industry targeted at helping in business decisions.
Solar PV Mounting Systems Market size is set to exceed USD 9 billion by 2024,
according to a new research report by Global Market Insights, Inc.
Strict government norms pertaining to climate change and greenhouse gas
emissions will thrust the installation of photovoltaic systems, which will stimulate the
solar PV mounting systems market. Regulations including 2009/28/EC directive and
renewable purchase obligation creating a need to adopt sustainable technologies to
generate electricity. Shift of consumer focus towards adoption of clean energy to
reduce carbon emissions will further complement the industry landscape. The
European Union has set a target to fulfil at least 20% of its energy requirement from
renewable sources by 2020.
Germany solar PV mounting systems market is set to exceed USD 150 million by
2024. Increasing adoption of energy efficient systems coupled with growing
measures towards energy security will complement the business outlook. In
Germany from January 2016, construction of new buildings was only permitted if its
primary energy requirement must be lower than 25 % of the previous threshold.
Increasing demand for off-grid electricity from remote areas for uninterrupted and
reliable supply will steer the growth of solar PV mounting systems market share.
High initial investment towards grid extension will encourage the adoption of off grid
renewable technologies including solar, which will further complement the industry
outlook. In April 2017, The African Development Bank (AfDB) announced to invest
USD 12 billion over next 5 years in its new electrification program.
Government initiatives including Power Purchase Agreement (PPA), soft loans,
subsidies, and tax rebates will further augment the solar PV mounting systems
market share. In September 2014, government of Chile introduced a net-metering
scheme, which will help beneficiaries to receive credit on their utility bills for feeding
excess electricity to the grid.
Ground mounted in 2016 accounted for over 75% of solar PV mounting systems
market share. High efficiency and facility for inclination & orientation are some of the
salient features which makes its adoption preferable over other available
counterparts. Rising demand for large capacity photovoltaic plants along with
ongoing expansion of existing systems will further stimulate the product demand.
Introduction of net zero emission building regulation along with increasing
investments towards energy efficient building infrastructure will favor the commercial
solar PV mounting systems market by 2024. In 2016, Lloyds bank announced to
invest around USD 1000 million for commercial property to curb carbon emissions
from their real estate assets.
Favorable government initiatives including tax rebates to promote renewable energy
utilization and to reduce harmful emissions will foster Canada solar PV mounting
systems market growth. In 2016, Canada Green Building Council (CaGBC)
introduced zero carbon building framework to curb emissions to 30% by 2030.
Europe Solar PV Mounting Systems Market, By End Use, 2016 & 2024
Browse key industry insights spread across 220 pages with 304 market data tables &
10 figures & charts from the report, “Solar PV Mounting Systems Market Size By
Product (Rooftop, Ground Mounted), By End-Use (Residential, Commercial,
Utility), By Technology (Fixed, Tracking), Industry Analysis Report, Regional
Outlook (U.S., Canada, Mexico, UK, Italy, Germany, France, Spain, Russia,
Sweden, Austria, Netherland, China, Australia, India, South Korea, Japan,
Israel, Saudi Arabia, UAE, Jordan, South Africa, Egypt, Algeria, Nigeria, Brazil,
Chile), Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in
detail along with the table of contents:
Growing demand for decentralize power generation along with measures to reduce
carbon footprints will fuel the China solar PV Mounting systems market. In 2016,
Government of China issued a document 625 on renewable energy, which makes it
obligatory for grid connected companies to purchase certain amount of electricity
from renewable generators up to an allocated hour.
Notable players in solar PV mounting systems market include, UNIRAC, Quick
Mount PV, K2 SYSTEMS, Landpower Solar, RBI Solar, Schletter, Mounting
Systems, DPW Solar, SolarWorld, Versolsolar, Xiamen Grace Solar Technology,
Clenergy, SNS Corporation, Suyash Metatech.
Segmentation of Solar PV Mounting Systems Market:
Solar PV mounting system market research report includes in-depth coverage of the industry
with estimates & forecast in terms of USD Million from 2013 to 2024, for the following
Global Solar PV Mounting Systems Market, By Product
Global Solar PV Mounting Systems Market, By End-Use
Global Solar PV Mounting Systems Market, By End-Use
The above information is provided on a regional and country basis for the following:
o South Korea
o Saudi Arabia
o South Africa
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market
research and consulting service provider; offering syndicated and custom research
reports along with growth consulting services. Our business intelligence and industry
research reports offer clients with penetrative insights and actionable market data
specially designed and presented to aid strategic decision making. These exhaustive
reports are designed via a proprietary research methodology and are available for
key industries such as chemicals, advanced materials, technology, renewable
energy and biotechnology.
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