Solar panel mounting structures are used to mount solar panels on the surfaces safely and protect the solar panel from the damage. Solar panel mounting structures are placed in such a way that, solar panel may get maximum inclination angle on the solar panel surface to absorb maximum amount of energy from the sun. In general a usual solar panel mounting structure comes with aluminum material.
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Solar panel mounting structure plays important role in the efficient working of solar system in rooftop as well as utility segment. They can be made for ground mounting, rooftops, sun tracker solutions and carports and others. In recent years, the technological advancement has led to better and faster installation, high durability, and reduced cost of the solar mounting structure.
In roof top solar mounting structure wind loads are very less compared to an elevated solar panel mounting structure. With roof type solar mounting structure, wind shield can be provided which enables to withstand loads more than 180 kmph.
Modular solar panel mounting structures can be installed by using only nuts and bolts. Ground solar panel mounting structures are commonly manufactured by using easy manufacturing process. Fiberglass material used for ground solar panel mounting structure provides high strength to weight ratio with maximum durability and strength.
Rapidly increasing demand for solar panels market is correspondingly boosting the global solar panel mounting structure market. With increasing awareness on climate change and global warming there are significant developments in renewable energy production.
Solar power generation is a low polluting power generation segment with minimal carbon emission compared to the conventional energy sources such as petroleum, oil and coal. This factors are creating growth avenues for the global solar panel mounting structure market.
The Initiatives to provide 100% energy through renewable energy by various countries across the globe are anticipate to create surge in demand for solar panel mounting structures.With the evaluation of solar industries, key players of solar panel mounting structure are focused on design and development of products to increase the optimized production and reduce the initial cost of the product.
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Collaboration and merger activities has become the central strategy for the manufacturers to attain improved channel reach and corresponding growth in the global market shares. Offering customized mounting structures is an elementary strategy followed by the manufacturers to fulfil the customer requirements as per specific application.
Global solar panel mounting structure market has witnessed significant downfall in 1st and 2nd quarter of 2020 due to global Covid-19 pandemic. To control covid-19 spread, lockdowns had been implemented by governments across the world.
However, as unlock activities started across some countries then industries started production with safety measures. During Covid-19, transport regulations has impacted the businesses across the globe. This impact expected to put a significant dent in the growth rate of the global solar panel mounting structure.
Recent rollout of vaccines in some countries around the globe is expected to get over on spread of covid-19 pandemic. With economic activities resuming across the globe, solar panel mounting structure market is estimated to witness sharp recovery.
Regional Market Outlook
Europe and North America are expected to dominate the global solar panel mounting structure market in the forecast period, owing for shifting towards renewable energy at a primary level. Asia Pacific is expected to higher growth to other regions over the forecast period. The growth is attributed to the significant investments for renewable energy generation by the governments in the countries from the region such as China, India, etc.
Further, Stringent environment regulation in Europe region and implementation of Renewable Energy Investment Tax Credit (REITC) in North America region, anticipate a substantial growth in the global solar panel mounting structure market.
Middle East & Africa and Latin America region are expected to grow with slow pace in the global solar panel mounting structure market. According to, Middle East Solar Industry Association (MESIA) rapid increase in energy investment in countries such as Saudi Arabia, Jordan, Egypt and the United Arab Emirates is expected to boost the Middle East & Africa solar panel mounting structure market during the forecast period.
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Solar panel mounting structures Market: Which trend / segment to impact more
High speed steel material is expected to hold significant share in the global solar panel mounting structures market due to predominant sophisticated features over other material types. Roof mounted structures with advantage of space saving is expected to grow at highest growth rate and expected to propel the growth of solar panel mounting structures market.
“Increasing prominence of solar power generation in residential, commercial and industrial sectors is expected to drive the solar panel mounting structures market. For start-up or new entry manufacturer’s solar panel mounting structure market is favorable to start with less risk. This cumulative benefits are creating new avenues for solar panel mounting structures market growth over the forecast period”
Key Market Players
Major market participants in the global Solar panel mounting structures market identified across the value chain include:
- Xiamen Fasten Solar Technology Co.,Ltd
- Professional Solar Products
- Ratan engineering Company
- Hollaender Mfg. Co.
- Mahindra Susten
- Kern Solar Structures
- Schletter Inc.
- Esso Fab Tech Pvt Ltd
- Mounting Solar-Kit Private Limited
- Satec Envir Engineering Pvt. Ltd.
- PROINSO
- Nespro Renewable Energy Solutions