The study covers a detailed analysis segmented by key business segments i.e. by type (Roof Mounted Solar Panels and Ground Mounted Solar Panels) , by application (Residential, Commercial and Utility Industry) and major geographies. Research Analyst at AMA predicts that Chinese Manufacturers will contribute to the maximum growth of Global Solar Mounting System market throughout the predicted period.
What is Solar Mounting System?
Solar mounting system is commonly used to fix solar panels on roofs, grounds, or building facades. The high growth of solar installation in the United States due to cost reduction, supportive policies, and large electrification will accelerate the demand for solar mounting systems. Solar energy is becoming more popular for residential and commercial applications to reduce the energy cost provide electricity in rural areas. Increasing initiatives by the government and utility industries towards renewable energy to reduce the dependence on fossil fuel and coal for electricity generation will create significant opportunities in the nearer future.
The competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Solar Mounting System market analysis report suggests strategies Manufacturers can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Manufacturers, including:
- NAMO Solar (India)
- Tata Power Solar (India)
- IBC Solar (Germany)
- Kyocera Solar, Inc. (United States)
- Schletter (Germany)
- Clenergy (China)
- First Solar (United States)
- AmeriTech Energy (United States)
- Antaisolar (China)
- Uisolar (China)
- Renusol (Germany)
- Corigy Solar (China)
- Versolsolar (China)
- Esdec Solar Group (Netherlands)
Market Overview:
In 2020, Esdec, a leading solar rooftop mounting solutions provider announced the acquisition of PanelClaw. PanelClaw is a leading supplier of solar mounting solutions for commercial applications in the United States. The deal will help Esdec to expand its portfolio and customer base in the US market.
The market is highly fragmented with a large number of vendors and companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new product launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Market Trend
High Growth of Roof Mounted Solar Panels Among the End-Users
Restraints
- Complications in the Installation of Ground Mounted Systems and High Cost
Opportunities
Increased Adoption of Solar Mounting Systems by the Households
Key highlights of the Global Solar Mounting System market Study:
CAGR of the market during the forecast period 2020-2026
In-depth information on growth factors that will accelerate the Solar Mounting System market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Solar Mounting System market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Manufacturers
Comprehensive information about factors that will challenge the growth of Solar Mounting System Manufacturers
Transformation and Important Trigegrs:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Solar Mounting System market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Solar Mounting System market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Solar Mounting System Manufacturers, Suppliers and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.