By 2024, the solar PV installation system market will exceed $9 billion
According to a new study by GlobalMarketInsights, Inc., by 2024, the market for solar PV installations will exceed $9 billion.
solar mounting system
Strict government regulations on climate change and greenhouse gas emissions will drive the installation of photovoltaic systems, which will stimulate the solar PV installation system market. Regulations including the 2009/28/EC Directive and renewable energy procurement obligations require sustainable technology to generate electricity. Consumers will shift their focus to adopting clean energy to reduce carbon emissions, which will further improve the industry landscape. The EU has set a target of achieving at least 20% of renewable energy demand by 2020.
The German solar PV installation system market is expected to exceed $150 million by 2024. Increasing the adoption of energy efficiency systems while increasing energy security measures will complement business prospects. In Germany, from January 2016, new buildings are allowed to be built only when their primary energy demand must be lower than 25% of the previous threshold.
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:
https://www.gminsights.com/industry-analysis/solar-PV-mounting-systems-market
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.
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 Solaracks , Clenergy, SNS Corporation, Suyash Metatech.
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 segments:
Global Solar PV Mounting Systems Market, By Product
- Roof-Top
- Ground Mounted
Global Solar PV Mounting Systems Market, By End-Use
- Residential
- Commercial
- Utility
Global Solar PV Mounting Systems Market, By End-Use
- Fixed
- Tracking
The above information is provided on a regional and country basis for the following:
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- France
- Netherland
- Italy
- Germany
- Sweden
- Russia
- Spain
- Austria
- Asia Pacific
- China
- Australia
- India
- Japan
- South Korea
- Middle East
- Israel
- Saudi Arabia
- UAE
- Jordan
- Africa
- South Africa
- Egypt
- Algeria
- Nigeria
- Latin America
- Brazil
- Chile
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