Solar PV Mounting Systems Market Size

Solar Pv Mounting Systems Market size was valued at USD 670.97 million in 2024 and is anticipated to cross USD 1.33 billion by the end of 2037, expanding at more than 5.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of solar PV mounting systems is estimated at USD 700.49 million. The growth of the market can be attributed to the increasing investment towards implementation of renewable technologies, growing number of solar projects and rising installation of solar PV mounting systems around the world. According to the Solar Energy Industries Association, in 2020, the cumulative capacity of solar installations was approximately 100,000 megawatts, up from 80,000 megawatts in 2019. 

Furthermore, adoption of government policies that promote the adoption of solar energy is also expected to boost market growth in the forthcoming years. In addition to these, the high consumption of fossil fuels in the last decades has emerged to be a major concern for the rise of global warming. This factor in turn is projected to provide ample growth opportunities to the market in the near future. The industrial and commercial sectors in developing nations have a high need for solar photovoltaic (PV) mounting solutions, which also contributes to market expansion. Sales of photovoltaic mounting solutions should increase over time as a result of changing architectural trends and innovations in the building sector.