Solar PV Ground Mounting Equipment Market Trends Analysis and Size
The Global Solar PV Ground Mounting Equipments Market size was valued at USD 12.3 Billion in 2024 and is estimated to reach USD 25.6 Billion by 2032, growing at a CAGR of 9.1% from 2026 to 2032.
The solar photovoltaic (PV) industry is one of the fastest-growing renewable energy sectors globally, driven by the urgent need to transition to clean, sustainable energy sources. Solar PV ground mounting equipment plays a pivotal role in the successful deployment and optimization of solar energy systems. Ground-mounted solar arrays are commonly installed in open fields or on land to harness solar energy, making the efficiency and reliability of the mounting systems crucial. As the demand for renewable energy continues to rise, the Solar PV Ground Mounting Equipment Market is experiencing rapid growth, with projections indicating significant expansion in the coming years. According to the latest industry reports, the global solar PV mounting systems market size was valued at USD 10.5 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9.2% from 2023 to 2030.
What is Solar PV Ground Mounting Equipment?
- Solar PV ground mounting equipment refers to the hardware and systems used to install solar panels on the ground, in contrast to rooftop or other installation types. These mounting systems provide structural support for solar panels and ensure their stability, optimal angle, and alignment to maximize solar energy generation.
- Ground mounting equipment is crucial for large-scale solar power projects, as it ensures that solar panels are securely placed in outdoor environments such as open fields, deserts, or other land areas with high solar irradiance. The ground mounting systems are typically made of durable materials like steel or aluminum, designed to withstand environmental challenges such as wind, snow, and corrosion.
Market Growth Drivers
Several key factors are driving the growth of the solar PV ground mounting equipment market:
- Global Demand for Renewable Energy: With an increasing shift towards renewable energy sources to combat climate change, solar power has become one of the most widely adopted green technologies. Governments worldwide are implementing policies and incentives to encourage the installation of solar energy systems. For instance, the European Union's Green Deal, which aims to make Europe the first climate-neutral continent by 2050, is driving massive investments in renewable energy projects, including solar installations.
- Falling Cost of Solar Power: Technological advancements, economies of scale, and competition have significantly reduced the cost of solar panels and their installation. This trend has made solar power more affordable and accessible, driving increased demand for solar PV systems, including ground-mounted solutions.
- Land Availability and Utility-Scale Solar Projects: Ground-mounted solar systems are particularly suitable for utility-scale solar projects, where vast land areas are available for solar farm installations. With the increasing adoption of utility-scale solar farms, demand for robust and cost-effective mounting systems is surging.
- Supportive Government Policies: Policies such as tax incentives, subsidies, and net metering programs have played a significant role in accelerating the adoption of solar power and, consequently, the demand for mounting equipment. For example, the U.S. government’s Solar Investment Tax Credit (ITC) has helped to reduce installation costs and stimulate the growth of the solar industry.
The Role of Emerging Technologies in Solar PV Ground Mounting Equipment
As the solar industry continues to evolve, emerging technologies are reshaping how solar PV ground mounting equipment is designed and implemented. Several technological innovations are improving the efficiency, cost-effectiveness, and environmental sustainability of mounting systems:
- Tracking Systems: One of the most significant advancements in solar PV mounting systems is the development of solar trackers. Solar tracking systems automatically adjust the orientation of solar panels to follow the sun’s movement throughout the day. This increases the energy yield of solar systems by ensuring the panels are always positioned optimally. Both single-axis and dual-axis trackers are being used in large-scale solar installations to improve efficiency, with dual-axis trackers offering the highest energy output but at a higher cost.
- Modular and Pre-assembled Mounting Systems: To streamline installation processes and reduce labor costs, many manufacturers are designing modular and pre-assembled mounting systems. These systems can be quickly installed on-site, reducing construction time and labor costs. Pre-assembly also ensures high-quality control, reducing the likelihood of installation errors that could affect the performance of the solar system.
- Biodegradable Mounting Materials: In response to growing environmental concerns, researchers and manufacturers are exploring biodegradable and recyclable materials for mounting systems. These materials can reduce the environmental impact of end-of-life disposal and align solar energy projects with sustainability goals.
- Digitalization and IoT Integration: The integration of Internet of Things (IoT) sensors and monitoring systems into mounting equipment allows for real-time data collection and analysis. These smart mounting systems provide operational data such as panel performance, weather conditions, and maintenance needs, allowing for predictive maintenance and optimized performance. This digitalization trend is crucial for maintaining large-scale solar projects.
Applications Across Various Industries
Solar PV ground mounting equipment is used in a wide range of applications across multiple sectors. The most notable applications include:
- Utility-Scale Solar Farms: Ground-mounted solar systems are predominantly used in utility-scale solar projects, where large-scale energy generation is required. These systems typically involve the installation of thousands of solar panels on large plots of land to produce electricity that is fed into the grid.
- Agrivoltaics: A growing trend in the solar industry is the integration of solar panels with agricultural activities, known as agrivoltaics. Ground-mounted solar systems are being used on farmlands to generate clean energy while simultaneously allowing agricultural crops to thrive underneath the panels. This dual-use of land optimizes space and increases land productivity.
- Commercial and Industrial Applications: Many commercial and industrial sectors are adopting ground-mounted solar systems for on-site electricity generation. These installations help businesses reduce energy costs, improve sustainability, and meet renewable energy targets.
- Residential Applications: Although less common than rooftop solar installations, ground-mounted solar systems are also used in residential settings where rooftop space is limited or unsuitable. Ground-mounted systems can offer higher energy output and are sometimes preferred in suburban and rural areas.
Technological Advancements and Digitization Shaping the Market
- The convergence of digital technologies with solar PV mounting equipment is transforming the solar energy sector. The digitalization of solar operations is enabling advanced monitoring and control systems, which help improve operational efficiency and reduce costs. AI-driven analytics and machine learning algorithms can predict performance issues before they arise, leading to reduced downtime and maintenance costs.
- The development of software tools for system design and simulation allows for optimized designs of ground-mounted solar arrays. These tools use artificial intelligence and big data analytics to create customized solutions that maximize energy output while minimizing material costs.
Future Growth Prospects and Opportunities
- The global solar PV ground mounting equipment market is poised for significant growth, driven by the increasing deployment of solar energy systems worldwide. According to the International Energy Agency (IEA), solar power is expected to account for nearly 60% of global renewable energy capacity by 2050, further fueling the demand for efficient and cost-effective mounting systems. This growth will be particularly prominent in regions like Asia-Pacific, North America, and Europe, where the push for renewable energy is strongest.
- In addition to large-scale utility projects, there are growing opportunities in emerging markets such as Africa, where vast land areas are available for solar farms. Technological innovations such as bifacial panels, solar tracking systems, and automated installation techniques will likely create new opportunities for market players.
- The integration of green building practices and sustainability goals into the design of solar PV systems is expected to further boost demand for eco-friendly mounting solutions. Moreover, the increasing emphasis on energy independence, grid resilience, and electrification in various sectors will offer new avenues for growth in the solar PV mounting equipment market.
The Solar PV Ground Mounting Equipment Market is on a strong growth trajectory, driven by technological innovations, favorable policies, and an increasing global demand for renewable energy. As emerging technologies continue to shape the market and sustainability becomes a key concern, the future for solar PV ground mounting systems looks promising, with vast opportunities for innovation and expansion.
Solar PV Ground Mounting Equipment Market Regional Trends
The Solar PV Ground Mounting Equipment market has been experiencing substantial growth, driven by increasing demand for renewable energy sources, government incentives, and advancements in technology. The regional dynamics of this market are varied, with key growth drivers and trends emerging in different parts of the world. North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa each have distinct characteristics shaping their respective solar PV ground mounting equipment markets. Below, we analyze each region’s current market landscape, growth drivers, and the expected future trajectory.
North America
- North America, particularly the United States, is the dominant region in terms of revenue share in the Solar PV Ground Mounting Equipment market. As of 2023, the U.S. holds the largest market share at approximately 30%, driven primarily by aggressive renewable energy adoption and supportive government policies. The Biden Administration’s commitment to decarbonization and its ambitious clean energy goals have fueled a surge in solar energy projects. State-level incentives, tax credits such as the Investment Tax Credit (ITC), and funding for large-scale solar power plants are key drivers in this region.
- Advancements in solar panel efficiency and cost-effective mounting systems are also contributing to increased installation rates. In addition, the transition to energy independence and efforts to modernize the U.S. electrical grid have further boosted demand for solar ground-mounted systems. Despite these advancements, labor shortages and supply chain disruptions remain challenges. The U.S. is expected to maintain strong growth in the coming years, with a forecasted growth rate of around 7% annually through 2028.
Europe
- Europe ranks second in the Solar PV Ground Mounting Equipment market, holding a revenue share of roughly 25%. The European Union’s Green Deal and Renewable Energy Directive, which targets achieving net-zero emissions by 2050, continue to drive the region’s push for solar energy. Countries like Germany, Spain, and Italy are leading the charge with ambitious solar power targets and increasing investments in renewable infrastructure.
- Technological innovations such as bifacial solar panels and trackers have become prevalent in Europe, improving energy efficiency and contributing to the demand for advanced mounting systems. Furthermore, regulatory frameworks like the EU’s Solar Strategy have spurred the development of large-scale solar farms. With an expected growth rate of 6-7% annually, Europe’s market will remain robust, though regional discrepancies in regulatory environments may impact growth rates. The growth rate in some countries may be higher, particularly those in Southern Europe where sunlight hours are abundant.
Asia Pacific
- Asia Pacific is the fastest-growing region in the Solar PV Ground Mounting Equipment market, expected to grow at a rate of over 10% annually. This region is projected to account for nearly 35% of the global market share by 2028. China is the undisputed leader in both solar power generation and the solar mounting equipment market. The country’s government has prioritized clean energy development, setting ambitious renewable energy targets for 2030 and beyond. In addition, India, Japan, and Australia are also experiencing rapid growth in solar installations, with India set to become a global leader in solar energy capacity.
- Technological advancements in tracker systems and cost-effective mounting structures are helping to drive down installation costs, further fueling market growth in the region. Despite the growth potential, challenges such as land acquisition, grid infrastructure limitations, and environmental concerns may affect market expansion in some countries. However, overall demand in Asia Pacific is expected to be driven by its rapid urbanization and government mandates to expand solar energy use.
Latin America
- The Solar PV Ground Mounting Equipment market is seeing steady growth, expected to grow at an annual rate of 8-9%. Brazil is the market leader in this region, with a significant share in both the residential and utility-scale solar sectors. The country has benefitted from favorable government policies such as net metering and tax incentives for solar installations. Chile, Argentina, and Mexico also show promise, with robust solar energy development plans and expanding investments from international solar companies.
- The region’s natural solar resources, combined with favorable political environments in some countries, provide substantial opportunities for growth. Challenges like political instability, currency volatility, and inconsistent regulatory frameworks may pose obstacles to market expansion. However, the growing push for renewable energy to reduce dependency on fossil fuels and enhance energy security is likely to continue driving solar PV installation and mounting equipment demand in the region.
Middle East & Africa (MEA)
- The Middle East & Africa (MEA) region has a smaller share of the global market, approximately 5%, but it is expected to experience one of the fastest growth rates in the coming years. This is largely due to the substantial solar energy potential in the region, particularly in countries like the UAE, Saudi Arabia, and South Africa. The Middle East is investing heavily in solar infrastructure as part of its long-term diversification strategies away from oil dependence.
- Saudi Arabia’s Vision 2030 and the UAE’s Clean Energy Strategy 2050 are driving significant investments into solar projects. Technological advancements in trackers, bifacial panels, and smart solar systems are contributing to more efficient and cost-effective solar ground mounting solutions. While market penetration is still relatively low compared to other regions, the demand for solar energy systems in the MEA is forecasted to grow at an annual rate of 9% over the next five years.
Asia Pacific is anticipated to emerge as the fastest-growing region in the Solar PV Ground Mounting Equipment market. With large-scale solar installations, government-backed initiatives, and technological advancements driving the adoption of solar energy, Asia Pacific’s market is poised for robust growth. China and India are expected to be key drivers in this expansion, supported by favorable policies, rapid urbanization, and the need for cleaner energy solutions. While challenges such as infrastructure limitations exist, the region’s overall market dynamics indicate an optimistic future, making it the region to watch during the forecast period.
Solar PV Ground Mounting Equipment Market Competitive Landscape
The Solar PV Ground Mounting Equipment Market is highly competitive, with key players including Nextracker, Array Technologies Inc, Arctech Solar, Schletter Group and GameChange Solar. These companies focus on product innovation, quality, and cost efficiency to maintain market leadership. The market is also influenced by factors like growing demand from the metallurgy and foundry industries.
- PV Hardware
- Mounting Systems GmbH
- Ideematec
- Solar Steel
- Clenergy
- Jiangsu Akcome Science & Technology Co., Ltd.
- Xiamen Grace Solar Technology Co., Ltd.
- Trina Solar
- Convert Italia
- NEXTracker
Solar PV Ground Mounting Equipment Market Scope Table
Solar PV Ground Mounting Equipment Market Segments Analysis
Solar PV Ground Mounting Equipment Market, By Type
The Solar PV Ground Mounting Equipment market is growing rapidly due to the increasing adoption of solar energy solutions across residential, commercial, and industrial sectors. It is expected to grow at a CAGR of 5.9% from 2023 to 2030. The demand for ground mounting systems is primarily driven by the need for efficient, durable, and cost-effective solar power generation methods.
- Fixed Tilt: Fixed tilt systems are the most widely used due to their cost-effectiveness and simple design. They accounted for over 45% of the global market share in 2023. This system is ideal for regions with high solar radiation and stable weather conditions.
- Adjustable Tilt: Adjustable tilt systems offer flexibility in adjusting the angle of the panels for optimal sunlight absorption. They are gaining traction due to their enhanced efficiency, contributing to a projected market growth of 7.2% by 2030. These systems are suitable for varying geographical locations.
- Tracking System: Tracking systems, both single and dual-axis, are designed to follow the sun’s movement for maximum energy generation. These systems are forecasted to experience a rapid adoption rate, with a CAGR of 8.4% from 2023 to 2030. They are ideal for areas with low solar radiation to maximize output.
Solar PV Ground Mounting Equipment Market, By Material
The Solar PV Ground Mounting Equipment Market is expected to witness significant growth as solar power continues to be a popular renewable energy source. The market's expansion is driven by the increasing demand for sustainable energy and technological advancements in solar panel mounting solutions. This market is primarily categorized by the material used in the mounting systems, with key materials such as steel and aluminum being widely adopted for their durability and cost-efficiency.
- Steel: Steel is the most commonly used material due to its high strength, low cost, and durability. The steel segment holds over 55% of the market share globally. Demand for steel in solar PV systems is projected to grow at a CAGR of 8.5% through 2030.
- Aluminum: Aluminum is preferred for its lightweight properties and corrosion resistance, making it ideal for offshore or coastal applications. The aluminum segment is expected to grow at a CAGR of 6.9%, with its share rising as more countries adopt solar PV solutions in coastal areas.
Solar PV Ground Mounting Equipment Market, By Installation Type
The Solar PV Ground Mounting Equipment Market is primarily driven by the need for efficient, durable, and cost-effective solar installations, particularly for utility-scale projects. The market is expected to grow significantly as countries push for renewable energy adoption. By 2026, the global solar PV ground mounting market is anticipated to reach USD 11.2 billion, fueled by increasing solar energy investments and technological advancements.
- Ground-mounted: Ground-mounted systems dominate the market due to their versatility and scalability for large-scale solar installations. These systems account for over 60% of the global market share and are projected to grow with increasing demand for utility-scale projects.
- Ballasted: Ballasted ground mounting systems use concrete blocks or other heavy materials to anchor the structure without the need for drilling, making them suitable for sites with fragile soil. This system is particularly popular in North America and Europe, contributing to around 30% of the market share.
- Anchored: Anchored systems are designed for areas with unstable soil conditions, offering higher stability through piles or screws. They represent a significant portion of the market in regions with challenging terrain, such as parts of Asia-Pacific and the Middle East, with a market share of about 10%.
Solar PV Ground Mounting Equipment Market, By Application
The Solar PV Ground Mounting Equipment market is primarily segmented based on application, catering to different scales of energy production and installation. The demand for efficient and reliable mounting systems is increasing as solar power installations expand across utility, commercial, and residential sectors. This market is influenced by factors like cost reduction, energy efficiency, and government incentives aimed at boosting solar energy adoption.
- Utility Scale: This segment dominates the market due to large-scale solar farms globally, contributing over 60% of the market share. Utility-scale installations benefit from economies of scale, with countries like China, the U.S., and India leading in large projects. It is expected to grow at a CAGR of 12.5% through 2028.
- Commercial: The commercial sector is seeing rapid growth, driven by the need for sustainable energy solutions and cost-saving measures in businesses. This market is projected to grow at a CAGR of 9.2%, with industries like retail, manufacturing, and agriculture increasingly adopting solar PV. North America and Europe are key regions for this segment.
- Residential: The residential market has seen significant adoption due to decreasing costs of solar PV technology and increased consumer awareness about renewable energy. This segment is growing at a steady pace, with growth rates expected to reach 7.8% annually. The demand is particularly high in regions with strong government subsidies like Germany, the U.S., and Australia.
