North America Ground Mounted Solar PV Mounting Systems Market Size - By Technology (Fixed, Tracking), By Application (Residential, Commercial & Industrial, Utility), Country Outlook & Forecast, 2024 - 2032

North America Ground Mounted Solar PV Mounting Systems Market Size - By Technology (Fixed, Tracking), By Application (Residential, Commercial & Industrial, Utility), Country Outlook & Forecast, 2024 - 2032

North America ground mounted solar PV mounting systems market size will register 5.6% CAGR between 2024 and 2032. Growing adoption of new energy sources, especially solar energy, due to the surging environmental concerns and government incentives is driving the demand for ground-based solar PV systems. These systems offer scalability and flexibility, making them ideal for large-scale solar installations in utility and commercial projects. For instance, in October 2023, EDPR NA DG, a leading U.S. distributed generation company, constructed a 23.27 MWdc onshore solar project with a 15 MW / 60 MWh energy storage system for Mohave Electric Cooperative.

Advancements in solar panel efficiency and mounting systems have enhanced the performance and reliability of ground-mounted solar PV systems. Innovations like tracking systems optimize sunlight exposure, increasing energy efficiency and aesthetics. Decreasing costs of components and installation services will foster market growth.

The overall industry is classified into technology, end-use and country.

Based on technology, the North America ground mounted solar PV mounting systems industry from the fixed segment is poised to record notable growth rate during 2024-2032. Fixed mount systems are a more cost-effective and low-maintenance option compared to tracking systems. They are ideal for areas with consistent solar conditions, making them a durable and efficient choice for solar energy production. Solar mounting systems in the region are also attracting developers and investors due to reliability and affordability, favoring the segment growth.

The market value from the residential end use segment is set to grow at notable CAGR during the forecast period. Growing awareness of renewable energy and incentives like tax credits are fueling the demand for residential solar installations. Floor-mounted systems are a viable alternative to rooftop setups, especially for those with space or security constraints. Ground-mounted systems also boost energy efficiency by optimizing solar exposure, adding to the product demand.

Canada ground mounted solar PV mounting systems industry size will grow at significant CAGR through 2032. The large land mass and diverse landscapes in the country are offering significant opportunities for solar input to Earth, especially in areas with abundant sunlight. Secondly, government policies and incentives, such as feed-in tariffs and renewable energy credits are encouraging investments in solar energy projects, stimulating the regional market growth.