Solar PV Mounting Systems Market by Business Strategy, Key Segments and Revenue Insights to 2026

The solar PV mounting systems market in Europe to grow at a rapid pace due to favorable regulatory scenario along with supportive renewable energy targets across the European nations. The Europe solar market is anticipated to grow at a tremendous rate over the coming years, making solar capacity a foundation of the region's clean energy transition.

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The solar PV mounting systems market is projected to gain massive growth momentum owing to the rising demand for clean and sustainable energy and increasing urbanization. Photovoltaics or PV is a method that is used to generate electric power using solar cells that effectively convert energy from the sun by PV effect. The solar cells are assembled into solar panels, and are then installed on the rooftops, ground, or on lakes or dams.

The solar PV mounting systems market to grow rapidly due to growing regulatory focus to develop high capacity PV projects through PPP models is attracting significant private investments across the Middle East. As per reports by IRENA (International Renewable Energy Agency), solar PV technology has now become one of the highly competitive form of power generation across the gulf region.

Photovoltaic technology is one of the most extensively used clean energy generation technologies across the world and YOY (year on year) the technology is becoming a bigger part of the energy mix of Europe. In fact, in 2018, the output of PV electricity reached around 127 TWh, further amounting up to 3.9% of the gross electricity output of EU.

In 2019, IRENA stated that GCC (Gulf Cooperation Council) countries including Saudi Arabia and UAE had plans of installing nearly 7 GW of novel power generation capacity from renewable sources in the upcoming year. The region has further set an ambitious goal to be achieved by 2030, which will result in substantial economic benefits and new job opportunities across the region, augmenting solar PV mounting systems market outlook.

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Europe solar PV mounting systems market is likely to witness continued growth, majorly due to self-consumption as well as increasing rooftop photovoltaics installation in the region. This would further result in faster economic growth and more job opportunities, allowing the industry to build tremendous growth momentum.

PV mounting systems are utilized to mount Photovoltaic modules on surfaces like the ground, facades, building, roofs. The material used for these systems is usually climate dependent. For example, for setting up a plant near a coastal area, in that case all the structural components shall be made of galvanized steel or aluminum since it is highly resistant to corrosion.

The introduction of numerous incentives and other regulatory measures to encourage the adoption of sustainable technologies is raising deployment of decentralized scale PV mounting systems across Africa.

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