Solar PV Mounting Systems Market in United Kingdom to expand over 5% by 2024

Ground mounted in 2016 accounted for over 75% of solar PV mounting systems market share. High efficiency and facility for inclination & orientation are some of the salient features which makes its adoption preferable over other available counterparts. Rising demand for large capacity photovoltaic plants along with ongoing expansion of existing systems will further stimulate the product demand.

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Introduction of net zero emission building regulation along with increasing investments towards energy efficient building infrastructure will favor the commercial solar PV mounting systems industry by 2024. In 2016, Lloyds bank announced to invest around USD 1000 million for commercial property to curb carbon emissions from their real estate assets.

Favorable government initiatives including tax rebates to promote renewable energy utilization and to reduce harmful emissions will foster Canada solar PV mounting systems market growth. In 2016, Canada Green Building Council (CaGBC) introduced zero carbon building framework to curb emissions to 30% by 2030.

Global Solar PV Mounting Systems industry, By Product

  • Roof-Top
  • Ground Mounted

Global Solar PV Mounting Systems industry, By End-Use

  • Residential
  • Commercial
  • Utility

Global Solar PV Mounting Systems industry, By End-Use

  • Fixed
  • Tracking

 

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Depleting fossil fuels have led to the adoption of sustainable sources such as solar energy, which will stimulate solar PV mounting systems market. Increasing awareness regarding the adverse effects of GHG emissions on the environment and human health is slated to encourage the usage of solar based power generation. Implementation of stringent rules and regulations to restrict the emission of GHG will fuel solar PV mounting systems industry size noticeably.

In addition to this, the reducing costs of the component will also propel the product demand. According to Global Market Insights, Inc., “Worldwide Solar PV mounting systems industry was valued USD 6 billion and will generate a notable revenue with an annual growth rate of more than 6% over the period of 2017 to 2024.”

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The notable participants in solar PV mounting systems market are UNIRAC, Quick Mount PV, Schletter, Inc., Landpower Solar Technology, Xiamen Grace Solar Technology Co., Ltd., K2 SYSTEMS, Suyash Metatech, RBI Solar, DPW Solar, Versolsolar Co., Ltd., and SNS Corporation.