UK Solar PV Mounting Systems Market share to grow at 5% CAGR from 2017 to 2024

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Solar PV Mounting Systems Market share to reach
9bn by 2024 Global Market Insights Inc.
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Key Insights from Solar PV Mounting Systems
Market

• 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.

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Continued...

• 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.

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Continued...

• 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.
• 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.

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Europe Solar PV Mounting Systems Market, By End
Use, 2016 2024 (USD Million)

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360 Analysis

• By Product Trends
• Rooftop solar PV mounting systems market is
  predicted to witness growth over 8 owing to its
  compact size, ease of installation and space
  optimization features. Introduction of
  decentralized power to reduce grid dependency
  will further stimulate the product demand.
  Initiatives including financial assistance and
  tax credit schemes would further complement the
  business outlook.
• By Technology Trends
• Tracking accounted for over 19 of global solar
  PV mounting systems market share in 2016. Ability
  to enhance the generation rate by 20 when
  compared with available counterparts will boost
  the product demand. Decline in OM expenditure
  along with significant product price drop will
  further complement the industry outlook.
• Competitive Market Share
• Key players in solar PV mounting systems market
  are Schletter, UNIRAC, K2 SYSTEMS, Quick Mount
  PV, RBI Solar, Mounting Systems, Landpower Solar
  Technology, SolarWorld, Xiamen Grace Solar
  Technology, Versolsolar, Clenergy, DPW Solar, SNS
  Corporation, Suyash Metatech.

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