Ground-Mounted PV Utility Market Size, Share, Opportunities, And Trends By Technology (Fixed, Tracking), By End-User (Residential, Commercial, Industrial, Utility), And By Geography - Forecasts From 2025 To 2030

Description

Ground-Mounted PV Utility Market Size:

The Ground-Mounted PV Utility Market will soar from USD 10.504 billion in 2025 to USD 19.182 billion by 2030, driven by a 12.80% CAGR.

 The market of ground-mounted photovoltaic utility market is estimated to grow in the coming years. The growing concerns for the environment and the depletion of natural resources have boosted the demand for renewable sources of energy. The demand for solar energy has therefore been increasing. A grid-connected photovoltaic power system is a solar photovoltaic plant that generates electricity and is connected to the utility grid.

Ground-Mounted PV Utility Market Dynamics:

The Cabinet Committee on Economic Affairs (CCEA) in India approved financial support of more than Rs. 46,000 crores by 2022, in order to promote the use of solar energy among farmers and to support the rooftop solar program of the country. With the help of this program, the government proposes to add 25.75 GW of solar capacity by 2022. It is promoting the installation of 17.5 lakh standalone solar-powered agricultural pumps, 10 GW worth of decentralized ground-mounted and grid-connected renewable power plants.

Countries around the world are fighting against rising global warming and the use of renewable energy plays an important role in the reduction of carbon dioxide emissions. Several countries are revising their energy policies to encourage the installation of solar PV. The growing trend of the shift towards renewable energy will boost the demand for ground-mounted PV utilities. Shell, a major oil and gas company has announced on 11th Feb 2021 about its plan to spend annually US$ 2 billion to US$ 3 billion on renewable energy and energy solutions in order to help attain a net-zero status by the year 2050. The U.S. has recorded a new achievement in the case of renewables in the year 2020 by adding a combined 33.6 GW of solar and wind capacity.

Policies like the Feed-in Tariff program and the Power Purchase Agreement will foster growth in the market of ground-mounted photovoltaic utility. The fall in the prices of PV components combined with strict renewable energy goals has greatly driven development in the solar photovoltaic mounting systems market. Moreover, a number of initiatives would boost the demand for ground-mounted PV utility installations, such as tax rebates, assets, and financial leverage, combined with increased spending from public and private funding institutions. The installation cost of solar PV panels is quite expensive therefore acting as a barrier to the growth of the market.

Ground-Mounted PV Utility Market Geographical Outlook:

• North America is one of the largest markets.

The North American region is one of the largest markets of ground-mounted photovoltaic utility. The United States has one of the largest utility-scale solar photovoltaic installations which could provide electricity to about 12 million American homes. It is estimated that in the coming years the solar PV installations will increase owing to environmental concerns. There will be an increase in the use of solar PV installations for commercial and residential purposes as well. Integration of advanced technology in the new products that are launched will further boost growth in the market. Asia Pacific region will also witness significant growth in the market. The increase in government initiatives will foster growth in the market. Countries like China, India, and Japan will play a major role in driving the growth in the market. Furthermore, an increase in the demand for electricity and limited non-renewable resources will increase the demand for ground-mounted PV utility in the Asia Pacific region.

Key Players

The major players in the market of ground-mounted PV utility are Unirac Inc., Mounting System GmbH, Schletter Group, Clenergy, Xiamen Universe Solar Tech. Co. Ltd., PV Racking, SolarWorld AG, K2 Systems GmbH, Land Power Solar Technology Co. Ltd., Tata International Ltd., Van der Valk Solar Systems BV, Quick Mount PV, Xiamen Grace Solar Technology Co. Ltd., Xiamen Corigy New Energy Technology Co. Ltd, RBI Solar Inc. These companies compete with each other by using various strategies like entering into a joint venture, merger, and acquisition. Product customization and the practice of bulk manufacturing are also some of the strategies used by major players to expand their reach and gain a larger market share.  

Segmentation

• By Technology
  • Fixed Tilt
  • Tracking
• By Mounting Structure Type
  • Ballasted
  • Pier
  • Pole-Mounted
• By Power Capacity
  • Below 1 MW
  • 1–10 MW
  • Above 10 MW
• By End-User
  • Residential
  • Commercial
  • Industrial
  • Utility-scale
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Others

Table Of Contents

1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK

5. GROUND-MOUNTED PV UTILITY MARKET BY TECHNOLOGY

5.1. Introduction

5.2. Fixed Tilt

5.3. Tracking

6. GROUND-MOUNTED PV UTILITY MARKET BY MOUNTING STRUCTURE TYPE

6.1. Introduction

6.2. Ballasted

6.3. Pier

6.4. Pole-Mounted

7. GROUND-MOUNTED PV UTILITY MARKET BY POWER CAPACITY

7.1. Introduction

7.2. Below 1 MW

7.3. 1–10 MW

7.4. Above 10 MW

8. GROUND-MOUNTED PV UTILITY MARKET BY END-USER

8.1. Introduction

8.2. Residential

8.3. Commercial

8.4. Industrial

8.5. Utility-scale

9. GROUND-MOUNTED PV UTILITY MARKET BY GEOGRAPHY

9.1. Introduction

9.2. North America

9.2.1. By Technology

9.2.2. By Mounting Structure Type

9.2.3. By Power Capacity

9.2.4. By End-User

9.2.5. By Country

9.2.5.1. USA

9.2.5.2. Canada

9.2.5.3. Mexico

9.3. South America

9.3.1. By Technology

9.3.2. By Mounting Structure Type

9.3.3. By Power Capacity

9.3.4. By End-User

9.3.5. By Country

9.3.5.1. Brazil

9.3.5.2. Argentina

9.3.5.3. Others

9.4. Europe

9.4.1. By Technology

9.4.2. By Mounting Structure Type

9.4.3. By Power Capacity

9.4.4. By End-User

9.4.5. By Country

9.4.5.1. United Kingdom

9.4.5.2. Germany

9.4.5.3. France

9.4.5.4. Spain

9.4.5.5. Others

9.5. Middle East and Africa

9.5.1. By Technology

9.5.2. By Mounting Structure Type

9.5.3. By Power Capacity

9.5.4. By End-User

9.5.5. By Country

9.5.5.1. Saudi Arabia

9.5.5.2. UAE

9.5.5.3. Others

9.6. Asia Pacific

9.6.1. By Technology

9.6.2. By Mounting Structure Type

9.6.3. By Power Capacity

9.6.4. By End-User

9.6.5. By Country

9.6.5.1. China

9.6.5.2. Japan

9.6.5.3. India

9.6.5.4. South Korea

9.6.5.5. Taiwan

9.6.5.6. Others

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Market Share Analysis

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Competitive Dashboard

11. COMPANY PROFILES

11.1. Mounting Systems GmbH

11.2. Schletter Group

11.3. Clenergy

11.4. K2 Systems GmbH

11.5. Van der Valk Solar Systems BV

11.6. Xiamen Grace Solar Technology Co., Ltd.

11.7. Xiamen Universe Solar Tech. Co., Ltd.

11.8. Land Power Solar Technology Co., Ltd.

12. APPENDIX

12.1. Currency

12.2. Assumptions

12.3. Base and Forecast Years Timeline

12.4. Key benefits for the stakeholders

12.5. Research Methodology 

12.6. Abbreviations 

LIST OF FIGURES

LIST OF TABLES

Companies Profiled

Mounting Systems GmbH

Schletter Group

Clenergy

K2 Systems GmbH

Van der Valk Solar Systems BV

Xiamen Grace Solar Technology Co., Ltd.

Xiamen Universe Solar Tech. Co., Ltd.

Land Power Solar Technology Co., Ltd.

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