Reportocean.com have announced the addition of a new report titled "Global Solar PV Mounting Systems Market and Forecast to 2023"
Delhi, Delhi/NCR -- (SBWIRE) -- 12/02/2019 -- Highly driven by the increasing number of solar projects across the world, the solar PV mounting systems market is estimated to attain massive gains over the forecast period, as per a recently published research report. The capacity of harnessing solar power has witnessed a monumental surge in the past few years and is likely to expand significantly over the forecast period. Government bodies worldwide are offering several subsidies to solar energy users, which further benefits the solar PV mounting systems market worldwide.
Rising interest for off-lattice and on-framework power, especially from remote territories for dependable and constant supply will generate new growth opportunities for the development of the solar PV monitoring systems market. Additionally, unfavourable impact of ozone layer depletion on the earth as well as human beings will further empower the utilization of solar PV mounting systems globally. Surging consumption on green development to the requirement of zero discharge enactments will further propel the solar mounting systems industry across the business landscape. Moreover, the developing appropriation of practical vitality across the regular systems is creating a humungous development scope for the solar PV mounting systems market. Additionally, the sense of duty associated with the building up of an ideal vitality society as well as government motivators and approaches will create demand for the product over the anticipated timeframe. Adoption of sustainable energy over conventional energy will further catapult the solar PV mounting systems market globally.
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The global solar PV mounting systems market has been segmented on the basis of product, technology, and end use sector.
By product, the global solar PV mounting systems market is segmented into rooftop, ground mounted. Of these, the rooftop segment is predicted to command the largest market share as deploying solar panels on rooftops saves space and also form an extra layer of insulation.
By technology, the global solar PV mounting systems market is segmented into fixed, and tracking. Of these, the fixed segment commands the largest share and is likely to retain its pole position as the initial investment required is less than its other alternatives.
By end use sector, the global solar PV mounting systems market is segmented into commercial, residential, and utilities. Of these, the utilities segment is likely to acquire the lion's share and will retain its dominance in the coming years.
Geographically, the global solar PV mounting systems market spans across Europe, North America, Asia Pacific, and the Rest of the World.
Considering the global scenario, the rising investment towards clean energy technologies and rising measures towards energy security will propel the PV mounting system market growth in the North American region. Government initiatives such as, easy financial assistance, tax rebate, and net metering will encourage the adoption of the PV mounting system market in the region, especially in the U.S.
The key players operational in the PV mounting systems market include Unirac Inc (US), Schletter Group (Germany), K2 Systems Gmbh (Germany), SolarWorld AG (Germany), Land Power Solar Technology Co. Ltd. (China), Quick Mount PV (US), Mounting System GmbH (Germany), and RBI Solar Inc (US).
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