Solar Panel Mounting Structures Market Analysis

Product Type (Rooftop Mounted, Ground Mounted)

In solar panel mounting structures market, rooftop segment is likely to account for around 54% share by 2036. The segment growth can be attributed to the advantage of being easily installed and requiring less initial and maintenance commitment for both residential and commercial buildings. The rooftop mounting systems last 15-20 years on average, which is a longer lifespan. Rooftop solar panels saw tremendous growth throughout the projection period as a result of solar panels becoming more and more common in the commercial and residential sectors to meet the requirement for electricity.

Due to government incentives, homeowners favor rooftop solar installations for producing sustainable energy. Furthermore, because rooftop solar panels are higher, face direct sunlight, and are not affected by temperature variations, they are more efficient. Therefore, these factors are propelling the lucrative growth of the rooftop segment.

End-user (Residential, Commercial, Industrial)

The residential segment is set to garner a notable share shortly and is likely to remain the second largest segment in the end-user of the solar panel mounting structures market revenue share due to the main advantages of installing solar power in homes, which are lowering carbon emissions, producing clean, free electricity by harnessing the sun's plentiful energy, and eventually lowering electricity costs.

For instance, about 4.5% of the global electricity generation will be accounted for by solar PV. With its recent growth, solar PV is expected to reach installations of about 3.6 million by 2022. In the residential sector, rooftop mounting installation is typically possible due to the appropriate use of the terrace area above a residence. Furthermore, because of their low energy usage, fixed solar PV mounting systems are better to put in residences. The industry will develop as long as technology continues to progress and consumers continue to favor solar panel mounting solutions due to cheaper electricity costs.

Our in-depth analysis of the global solar panel mounting structures market includes the following segments: