Solar Panel Mounting Structures Market Share

Asia Pacific Market Statistics

The Asia Pacific solar panel mounting structures market is expected to account for the largest revenue share during the forecast period owing to rapid urbanization and industrialization in the region, rising demand for renewable energy, and presence of leading manufacturers. Key countries such as China, Japan, South Korea, India, and Australia are introducing a range of incentives such as subsidies and tax incentives to stimulate solar energy investments, boosting demand for mounting structures.

In India, the government is supporting the adoption of solar panel mounting solutions by providing several subsidies and initiatives such as Solar Investment Tax Credits (ITC), Feed-in Tariffs (FiTs), grants, and rebates. For instance, India’s National Solar Mission aims for 280 GW of installed solar capacity by 2030 with a focus on rooftops and utility-scale solar projects.

China is one of the world’s largest producers of solar panels and solar infrastructure, including mounting systems. In addition, the presence of a vast industrial base, rising number of large-scale ground-mounted solar farms across the country, and increasing investments in developing advanced solar mounting infrastructure solutions are expected to boost the market growth in China going ahead.  

North America Market

The North America solar panel mounting structures market is projected to register rapid revenue growth between 2025 and 2037 owing to the rapid adoption of advanced technologies, rising solar installations across the region, and corporate initiatives to meet sustainability and carbon neutrality goals. In addition, the rising number of utility-scale solar farms in the U.S. and Canada, technological improvements in grid interconnectivity, and favorable government support are expected to boost the market in North America.

The U.S. is one of the leading solar panel mounting structures markets in North America driven by technological advancements in mounting systems, government initiatives, and policies to support clean energy adoption and rising adoption of solar solutions in large corporations, institutions, and residential sectors. For instance, according to a report by the International Energy Agency published in 2022, the number of households that may rely on solar PV is expected to reach 100 million by 2030.

The Canada solar panel mounting structures market is expected to register rapid revenue growth during the forecast period owing to presence of favorable policies such as federal and provincial incentives supporting solar energy adoption, and rising demand for solar panel mounting structures across residential, industrial, and commercial settings.