Europe & Americas Solar PV Mounting Systems Market Research Report Forecast to 2030
The Europe & Americas Solar PV Mounting Systems Market is projected to register healthy growth during the forecast period, 2022–2030. The market was valued at USD 5,733.35 million in 2021 and is projected to register a CAGR of 7.78 % to reach USD 11,299.76 million by the end of 2030. Europe & Americas solar PV mounting systems market is driven by factors such as the demand for mounting structures due to the rise in the number of solar projects and schemes to promote the installation of solar PV mounting systems. However, fluctuating raw material prices are expected to restrict market growth. On the other hand, the growing trend of building integrated PV systems is expected to create growth opportunities for the market players.
The expanding number of solar projects in the building and construction sector, as well as the growth in plans to stimulate the installation of solar PV mounting systems, are driving up demand for solar mounting structures. The expansion of the construction sector in the economies of the European Union and the Americas is projected to promote the growth of the Europe & Americas solar PV mounting system markets. Furthermore, the rising trend of building-integrated PV systems would generate attractive prospects for the solar PV mounting systems market in Europe and the Americas.
Market SegmentationAccording to MRFR analysis, the Europe & Americas Solar PV Mounting Systems Market has been segmented based on technology, product, end-user, component, and region. Based on technology, the solar PV mounting system market has been segmented into fixed and tracking.
Based on the product, the solar PV mounting system market has been segmented into rooftop and ground mounted.
Based on the component, the solar PV mounting system market has been segmented into PV modules, Inverters, racking, batteries, and other components. The PV modules segment accounted for the largest share of 41.10% in 2021; the segment was valued at USD 2,356.47 million in 2021; with an expected CAGR of 7.57% during the forecast period.
Based on end-user, the solar PV mounting system market has been segmented into residential, commercial, and utility.
Based on the region, the Europe & Americas Solar PV Mounting Systems Market has been classified into North America and Europe. The Europe market holds the dominant share with a value of USD3,340.89 million in 2021; with an expected CAGR of 7.94% during the forecast period.
Major PlayersSchletter Group, Van der Valk Solar Systems BV, K2 Systems GmbH, UNIRAC, ESDEC, Renusol EN, PV Racking, Terrasmart, Mounting System GMBH, Remor Solar, Photowatt, REC Group, Kioto Solar, and Kingspan Group are the major companies in the market.
Companies MentionedSchletter Group
Van der Valk Solar Systems BV
K2 Systems GmbH
UNIRAC
ESDEC
Renusol EN
PV Racking
Terrasmart
Mounting System GMBH
Remor Solar
Photowatt
REC Group
Kioto Solar
and Kingspan Group
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