The Asia-Pacific Solar PV Mounting Systems Market is witnessing robust growth driven by the region's rapid urbanization, industrialization, and increasing energy demand. Countries like China, India, and Japan lead the adoption of solar energy, supported by government incentives, favorable policies, and ambitious renewable energy targets. The market benefits from technological advancements, such as the development of innovative mounting systems tailored to suit diverse environmental conditions and project requirements. Moreover, the declining costs of solar photovoltaic technology and the availability of abundant sunlight further boost market expansion across the region. As Asia-Pacific seeks to address energy security concerns and mitigate climate change risks, the Solar PV Mounting Systems Market emerges as a crucial component in achieving sustainable energy goals. With growing investments and a thriving solar industry ecosystem, the future trajectory of the Asia-Pacific Solar PV Mounting Systems Market remains highly promising.
The Asia-Pacific Solar PV Mounting Systems market is growing at a rapid pace. The price decrease driven by falling costs of the overall solar generation systems is a major factor boosting the Asia-Pacific Solar PV Mounting Systems market value. Besides, the rising energy demand, alongside the rapid economic growth, urbanization, and industrialization worldwide, drives the Asia-Pacific Solar PV Mounting Systems industry.
With the increasing demand for solar power, the market is poised to garner exponential traction over the next couple of years. In this regard, Market Research Future (MRFR) asserts that the Asia-Pacific Solar PV Mounting Systems market is set to garner a valuation of USD 24,026.70 Million by 2030, registering an 7.60% CAGR during the forecast period (2024 -2030).
The skyrocketing demand for energy, rapid depletion of non-renewable energy sources such as fossil fuels, and scarcity of land are other major growth drivers. Clean fuel sources are progressively becoming attractive due to government efforts for empowering arrangements and guidelines. Furthermore, rapid growth in the utility sector and flourishing solar panel manufacturing facilities influence the Asia-Pacific Solar PV Mounting Systems market growth.
Asia-Pacific Solar PV Mounting Systems Market - Segmentation
The report is segmented into products, technologies, end-uses, and regions. The product segment is sub-segmented into housetop and ground-mounted. The technology segment is sub-segmented into fixed and following. The end-use segment is sub-segmented into private, business, and utilities. The region segment is sub-segmented into Europe, Americas, Asia Pacific, and the Rest-of-the-World.
Asia-Pacific Solar PV Mounting Systems Market - Geographical Analysis
The Asia Pacific region dominates the Asia-Pacific Solar PV Mounting Systems market. Increasing adoption of solar systems in residential as well as industrial sectors is a major factor defining the growing Asia-Pacific Solar PV Mounting Systems market size. Besides, government initiatives introduced to increase the adoption of solar energy boost the region’s Asia-Pacific Solar PV Mounting Systems market shares. The strong presence of notable market players in the region, alongside government initiatives to promote renewable energy, also contributes to the Asia-Pacific Solar PV Mounting Systems market growth.
Asia-Pacific Solar PV Mounting Systems Market - Competitive Landscape
Highly competitive, the Asia-Pacific Solar PV Mounting Systems market looks fragmented with the presence of several well-established market players. These players incorporate strategic initiatives, such as acquisition, collaboration, expansion, and technology launch to gain a larger competitive advantage. They strive to find new ways to utilize their expertise and explore opportunities in the renewable energy industry.
Major Players:
- Schletter Group (Germany)
- Unirac Inc. (US)
- SolarWorld AG (Germany)
- K2 Systems GmbH (Germany)
- Esdec (Netherlands)
- Tata International Ltd (Switzerland)
- Land Power Solar Technology Co. Ltd (China)
- RBI Solar Inc. (US)
- Mounting System GmbH (Germany)
- Xiamen Grace Solar Technology (China)
- Clenergy (China)
- Xiamen Universe Solar Technology (China)
- Xiamen Corigy New Energy Technology Co. Ltd. (China)
- PV Racking (US)
Industry/ Innovation/ Related News
Sept. 08, 2021 – Aerocompact (Austria), a leading mounting system provider, launched a new mounting system for rooftop PV. The mounting structure relies on a 5.8m long support rail connected directly to a purling placed below with self-drilling support screws. In this way, the panels are neither stressed nor damaged, as all compressive and tensile forces from wind or snow are directed into the roof substructure.
More Trending Reports
Solar Panel Recycling Market Growth
Oilfield Equipment Rental Services Market Growth
English