Introduction to the Solar PV Mounting Systems Market
The Solar PV Mounting Systems market is witnessing robust growth, fueled by the global transition toward renewable energy, increasing solar power installations, and advancements in mounting technologies. According to Cognitive Market Research, the market is valued at USD 39,624.5 million in 2024 and is projected to grow at a CAGR of 8.00%, reaching USD 73,342.2 million by 2032. Solar PV mounting systems play a crucial role in the efficient deployment of photovoltaic (PV) panels, ensuring optimal orientation, structural stability, and long-term durability across various installation environments. These systems are widely used in residential, commercial, and utility-scale solar projects, with demand surging due to favorable government policies, declining solar panel costs, and the rising adoption of clean energy solutions. Key market drivers include the increasing shift toward sustainable energy sources, rapid urbanization, and advancements in solar tracking technologies that enhance energy efficiency. Mounting systems are categorized into fixed-tilt and tracking systems, with the latter gaining traction due to their ability to maximize energy capture by adjusting panel angles in real time. Additionally, innovations in lightweight and corrosion-resistant materials, such as aluminum and galvanized steel, are improving the structural integrity and longevity of mounting solutions. The Asia-Pacific region, particularly China and India, is leading market expansion due to large-scale solar energy deployment and government initiatives promoting renewable energy investments. Meanwhile, North America and Europe are experiencing strong growth, driven by corporate sustainability commitments, incentives for solar power adoption, and improvements in installation techniques that reduce labor costs and project timelines. The integration of AI-powered tracking systems and IoT-enabled monitoring solutions is further transforming the landscape, allowing for enhanced energy optimization and reduced maintenance costs.
Criteria for Comparing Companies in the Solar PV Mounting Systems Market
Cognitive Market Research evaluates companies in the Solar PV Mounting Systems market based on key performance parameters that highlight their technological leadership, market reach, and overall competitive positioning. Revenue and market share are critical indicators, reflecting a company’s ability to secure large-scale solar projects, maintain strong distribution networks, and establish long-term partnerships with EPC (Engineering, Procurement, and Construction) firms. Companies with significant revenue streams demonstrate financial stability, robust manufacturing capabilities, and a strong foothold in the global solar energy sector.
Product innovation is another major factor in differentiating market leaders. Companies investing in high-performance tracking systems, adjustable tilt solutions, and advanced structural materials offer more efficient and durable mounting solutions. The ability to provide cost-effective, easy-to-install systems with enhanced wind and snow load resistance is crucial for gaining a competitive advantage. Furthermore, companies that integrate smart tracking technologies, automation in installation processes, and modular designs for scalability are better positioned to cater to the evolving needs of solar energy developers. Geographical presence also plays a vital role in assessing market strength. Companies with a strong global footprint, particularly in regions with high solar energy adoption, benefit from expanding government incentives and increasing solar investments. The ability to establish local manufacturing hubs, ensure streamlined supply chains, and provide region-specific mounting solutions enhances market competitiveness. Additionally, strategic collaborations with solar panel manufacturers, energy storage providers, and project developers allow companies to strengthen their market position and secure long-term contracts.
Investment in research and development (R&D) is another crucial metric, as companies focusing on advanced material science, improved system efficiencies, and automation technologies are more likely to lead the industry’s transformation. With solar energy becoming an integral part of the global power mix, market leaders that prioritize technological advancements, strategic alliances, and expansion into emerging markets will continue to dominate. As the demand for solar PV installations surges worldwide, companies offering innovative, cost-efficient, and durable mounting solutions will play a critical role in shaping the future of the renewable energy sector.
Top Companies Operating in the Solar PV Mounting Systems Industry Worldwide
- Arctech
- Array Technologies
- Clenergy
- First Solar
- Jinko Solar
- K2 Systems
- Mounting Systems
- Nextracker
- Schletter Group
- SOLTEC
Top Manufacturing Companies of Solar PV Mounting Systems:
Arctech, Array Technologies, Clenergy, First Solar, and Jinko Solar are the key players in the Solar PV Mounting Systems Market
Arctech
Arctech holds a 15.0% market share in the Solar PV Mounting Systems Market, positioning itself as a global leader in solar tracking and racking solutions. The company specializes in single-axis trackers and fixed-tilt mounting systems, which are widely used in utility-scale and commercial solar projects worldwide. In 2023, Arctech generated an estimated USD 1.2 billion in revenue, reflecting its strong market presence and continued investment in technologically advanced solar mounting solutions that enhance energy yield and project efficiency. Arctech’s flagship SkyLine II tracker and SkySmart series have gained significant traction due to their enhanced adaptability to varying terrains, high wind resistance, and increased energy generation capabilities. These innovative solutions integrate AI-driven tracking technology, which optimizes panel positioning based on real-time environmental conditions, maximizing output and reducing operational costs. The company has aggressively expanded in key solar markets such as China, India, the United States, and Latin America, securing contracts for large-scale solar farms and strengthening its partnerships with leading solar developers. With the global push for renewable energy and rising adoption of solar tracking technology, Arctech is poised to maintain its leadership in the solar mounting systems industry.
Array Technologies
Holding a 12.5% market share, Array Technologies is a leading provider of solar tracking solutions for utility-scale projects, known for its innovative and highly durable products. The company’s DuraTrack® and SmarTrack™ solar trackers are recognized for their high reliability, wind-resistant design, and low-maintenance features, making them a preferred choice for large-scale solar installations. In 2023, Array Technologies recorded an estimated USD 1.0 billion in revenue, driven by increasing demand for solar tracking systems in North America, Europe, and Australia. Array Technologies differentiates itself through its cost-effective and advanced tracking systems, which use machine learning algorithms to optimize panel angles based on real-time weather and site conditions. The company is expanding its presence in emerging solar markets, particularly in Latin America, the Middle East, and parts of Africa, where utility-scale solar projects are growing rapidly. Additionally, supply chain enhancements and automation have allowed Array Technologies to reduce production costs and improve efficiency. As global solar adoption accelerates, Array Technologies is expected to play a crucial role in the widespread implementation of solar tracking solutions.
Clenergy
Clenergy holds a 10.2% share of the Solar PV Mounting Systems Market, specializing in rooftop, ground-mounted, and floating solar racking systems. The company is best known for its PV-ezRack® series, which provides highly durable, modular, and customizable solar mounting solutions. In 2023, Clenergy reported an estimated USD 820 million in revenue, reflecting its expanding market influence across Asia-Pacific, Europe, and North America. One of Clenergy’s primary strengths is its ability to provide adaptable mounting solutions for a diverse range of solar installations, including residential, commercial, and large-scale utility projects. The company emphasizes sustainable materials and corrosion-resistant designs, making its products well-suited for harsh environmental conditions, including coastal and high-humidity regions. Clenergy has also ventured into the floating solar segment, providing mounting solutions for solar farms deployed on reservoirs and water bodies. With a strong emphasis on efficiency, ease of installation, and long-term durability, Clenergy continues to attract significant investment and collaboration opportunities within the renewable energy industry.
First Solar
With a 9.8% market share, First Solar is a major player in the solar PV industry, offering integrated solar solutions, including advanced mounting systems designed for thin-film solar panels. The company primarily focuses on utility-scale solar power plants, leveraging its high-performance solar modules in combination with specialized mounting systems that enhance operational efficiency and longevity. In 2023, First Solar generated approximately USD 780 million from its mounting system segment, reinforcing its position in the solar tracking and fixed-tilt markets. First Solar’s mounting solutions are optimized for high-temperature regions, ensuring maximum energy yield in challenging environments, such as deserts and arid climates. The company has developed customized racking solutions that enhance the performance of its thin-film PV technology, making it an ideal choice for large-scale solar farms. With the expansion of solar installations in the U.S., India, and the Middle East, First Solar continues to capitalize on the growing global transition toward renewable energy. Additionally, advancements in automation and AI-driven efficiency improvements are expected to strengthen the company’s role in the solar mounting systems sector.
Jinko Solar
Jinko Solar, holding a 9.2% share of the Solar PV Mounting Systems Market, is one of the world’s largest solar module manufacturers, offering integrated solar solutions that include advanced mounting structures. The company’s high-efficiency solar modules are paired with customized racking systems, ensuring optimal energy generation and seamless installation. In 2023, Jinko Solar’s mounting solutions division generated an estimated USD 740 million in revenue, reinforcing its strong market presence and growing influence in the solar industry. Jinko Solar has been expanding its mounting system product line, focusing on bifacial solar panels with specialized tracking solutions to maximize sunlight absorption. The company has also invested in automated racking system production, reducing costs and improving scalability for large-scale solar projects. By integrating intelligent tracking technologies and AI-based monitoring, Jinko Solar is enhancing the efficiency and adaptability of its mounting solutions. With its global presence spanning over 100 countries and increasing demand for high-efficiency solar solutions, Jinko Solar is well-positioned to maintain its role as a key innovator in the solar mounting systems market.
Potential Threats to Top Five Players in the Solar PV Mounting Systems Market
CMR found that the Solar PV Mounting Systems market is becoming increasingly competitive, with new entrants challenging the dominance of key players such as K2 Systems, Mounting Systems, Nextracker, Schletter Group, and SOLTEC. Emerging companies, including Clenergy, PVH (PV Hardware), GameChange Solar, AKCOME, and RBI Solar, are disrupting the market through innovative racking solutions, enhanced automation, and strategic global expansions. Clenergy, an Australia-based company, is gaining traction with its advanced ground-mount and rooftop systems designed for extreme weather conditions. Meanwhile, PVH is leveraging its expertise in solar tracking technology, offering fully integrated solutions that optimize energy yield. These companies, along with others adopting high-efficiency mounting techniques, are steadily positioning themselves as strong competitors against well-established brands.
Additionally, the evolving landscape of renewable energy policies and incentives is providing new entrants with opportunities to scale rapidly. Governments worldwide are emphasizing sustainable energy solutions, creating favorable conditions for market expansion. This shift has led to increased competition, forcing major players to continuously innovate and refine their product offerings. Companies focusing on cost-effective installation methods, increased durability, and compatibility with bifacial solar panels are gaining a competitive edge, making it imperative for industry leaders to stay ahead by investing in research, development, and strategic partnerships.
Guidelines: How New Entrants Can Excel in the Solar PV Mounting Systems Market
Advanced Solar Tracking Systems, Lightweight Mounting Materials, and AI-Driven Structural Optimization Are the Key Areas Where New Entrants Should Focus in the Solar PV Mounting Systems Market
For new players to establish a strong foothold in the Solar PV Mounting Systems market, they must prioritize technological advancements, cost efficiency, and adaptability to emerging solar trends. The industry is evolving rapidly, with a strong push toward reducing the levelized cost of electricity (LCOE) by improving mounting system efficiency. New entrants should focus on modular and lightweight designs that reduce labor costs and speed up installation without compromising system stability. Embracing automation in racking assembly and leveraging digital tools such as AI-driven wind load analysis can help companies offer optimized and cost-effective solutions to large-scale solar developers. Additionally, sustainability is becoming a crucial factor in market success. The use of recyclable materials, corrosion-resistant coatings, and eco-friendly production processes will not only align with global sustainability goals but also attract investors focused on green technology. Collaborations with solar farm developers, EPC firms, and energy utilities will be critical in gaining market traction. Furthermore, regulatory compliance with evolving solar standards across different regions can set apart new players, ensuring long-term growth in an increasingly competitive market.
New entrants in the Solar PV Mounting Systems market must direct their efforts toward three primary areas: solar tracking technology, lightweight mounting structures, and AI-driven system optimization. Single-axis and dual-axis tracking systems are revolutionizing solar energy generation by significantly improving energy output compared to fixed-tilt systems. Companies investing in cost-effective tracking solutions with enhanced durability and minimal maintenance requirements can create a strong market presence.
Lightweight yet durable materials, such as aluminum alloys and high-strength composite structures, are becoming essential for improving installation efficiency. These materials not only reduce transportation and labor costs but also enhance system longevity. Companies that innovate in this space can offer superior products that cater to large-scale solar projects, rooftop installations, and utility-scale farms. Furthermore, the integration of AI-driven structural optimization tools is transforming the solar mounting industry. Advanced software solutions can analyze site-specific parameters such as wind loads, terrain variations, and sun exposure to recommend the most efficient mounting configurations. This technological edge can help companies deliver customized, high-performance solutions that maximize energy production and reduce overall system costs.
Conclusion
Investments in Innovation, Sustainability, and Strategic Expansion Are Essential for Long-Term Success in the Solar PV Mounting Systems Market
The solar PV mounting industry is undergoing a dynamic shift, driven by technological advancements, cost reduction strategies, and an increasing focus on sustainability. Companies that prioritize research and development in next-generation mounting solutions will gain a significant competitive advantage. Investments in advanced tracking systems, smart structural designs, and eco-friendly manufacturing processes will be essential for meeting the evolving demands of the solar energy sector.
Sustainability-focused innovations, such as recyclable materials and low-impact production techniques, will not only enhance brand reputation but also align with the growing global emphasis on green energy solutions. Additionally, strategic expansion into emerging markets, forming alliances with solar project developers, and adapting to region-specific regulatory requirements will be key to sustained growth. By integrating innovation, sustainability, and market-driven strategies, new entrants can establish themselves as formidable players in the evolving solar PV mounting systems landscape.
Author's Detail:
Kalyani Raje /
LinkedIn
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
