Solar Panel Mounting Structures Market Size

Solar Panel Mounting Structures Market size was USD 13.1 billion in 2024 and is anticipated to reach a valuation of USD 43.7 billion by the end of 2037, rising at a CAGR of 9.8% during the forecast period, i.e., 2025-2037. In 2025, the industry size of solar panel mounting structures is estimated at USD 14.1 billion.  

The rising population and industrialization across the globe have significantly increased the demand for electricity and according to the reports, it is expected to double by 2050. To meet the rising energy demands and combat current climate issues, public and private sectors are steadily shifting towards renewable energy, including solar power, boosting the demand for mounting structures. According to a report published by the International Energy Agency (IEA), the renewable power capacity is expected to increase over the decade and China is set to account for more than 60% of all renewable capacity installed between 2024 and 2030. Several governments and organizations worldwide are setting goals and targets for carbon neutrality and renewable targets. This has resulted in growing need for efficiency mounting solutions.

 Rapid urbanization, industrialization and government initiatives in developing economies of Asia Pacific, Africa, and Latin America have led to the growing adoption of solar energy and the rising investments in developing solar panel mounting structures and systems in both utility-scale and decentralized projects. For instance, according to the International Solar Alliance (ISA), in 2022, Asia Pacific accounted for 55% of total investments in solar energy development.