United Kingdom Solar PV Mounting Systems Market
The United Kingdom's Solar PV Mounting Systems Market has seen significant growth over the past decade, driven by increasing environmental awareness, government incentives, and technological advancements. The UK has committed to reducing carbon emissions and transitioning to renewable energy sources, and solar power plays a crucial role in this strategy. Solar PV (photovoltaic) mounting systems, which are essential for installing solar panels, have therefore become a critical component of the solar energy infrastructure.
One of the key drivers of the market is the UK's supportive government policies. The Feed-in Tariff (FiT) scheme, which was introduced in 2010, played a pivotal role in encouraging the adoption of solar PV systems. Although the FiT scheme ended in 2019, the Smart Export Guarantee (SEG) has continued to incentivize small-scale solar installations by ensuring that households and businesses are paid for the excess electricity they export to the grid. Additionally, the government’s commitment to achieving net-zero carbon emissions by 2050 has spurred investment in renewable energy projects, further boosting the demand for solar PV mounting systems.
The market is characterized by a diverse range of mounting system types, including roof-mounted, ground-mounted, and floating systems. Roof-mounted systems are particularly popular in residential and commercial installations, where space is limited, and they offer the advantage of utilizing existing structures. Ground-mounted systems are often used in large-scale solar farms, benefiting from ease of maintenance and optimal positioning for sunlight exposure. Floating solar systems, although less common, are gaining traction in the UK, particularly in areas with limited land availability, such as reservoirs and lakes.
Technological advancements have also played a significant role in the market’s expansion. Innovations in mounting system design have led to more efficient and cost-effective solutions. For instance, advancements in tracking systems, which allow solar panels to follow the sun's movement, have significantly improved energy capture and efficiency. Additionally, improvements in materials and engineering have resulted in more durable and weather-resistant mounting systems, crucial for the UK’s varied and often harsh climate.
The competitive landscape of the UK solar PV mounting systems market is diverse, with numerous domestic and international players. Companies such as Solarcentury, Lightsource BP, and Anesco are prominent in the market, offering a range of products and services from design to installation and maintenance. These companies often collaborate with international manufacturers to provide high-quality mounting systems tailored to the specific needs of the UK market.
Despite the market's growth, challenges remain. One of the primary obstacles is the intermittency of solar power, which requires efficient energy storage solutions to ensure a stable power supply. The integration of solar energy with the national grid also poses technical and regulatory challenges. Moreover, the initial costs of solar PV systems, including mounting systems, can be high, although falling prices and increasing efficiency are gradually addressing this issue.
In conclusion, the United Kingdom's Solar PV Mounting Systems Market is poised for continued growth, driven by supportive government policies, technological advancements, and increasing demand for renewable energy. As the UK progresses towards its net-zero goals, the role of solar energy and the importance of efficient mounting systems will become even more critical. Ongoing innovation and investment in this sector will be essential to overcoming existing challenges and unlocking the full potential of solar power in the UK.
The Solar PV Mounting Systems Market Research Report Information by End-User, Technology, Product, Component, and Region - Forecast, according to the study materials from MRFR The market for solar PV mounting systems is expected to grow significantly between 2024 and 2030, at a strong compound annual growth rate of over 7.60%. According to study documents, the global market is expected to reach a market value of USD 24,026.70 million by the end of 2030, based on increasing revenue statistics.
As per the reports, the market was priced at almost USD 13,368.31 Million in 2022. The Solar PV Mounting Systems market has recently advanced. The main feature causing a rise in market performance is the growing adoption and advancement of renewable energy sources, with solar panels being among the most adopted forms of renewable energy. Furthermore, the requirement for increasing solar power generation capacity leads to a growth in the number of solar power plant construction in several nations, leading to growing demand for solar PV mounting systems market across the globe.
Competitive Analysis
- Schletter Group (Germany)
- Land Power Solar Technology Co. Ltd (China)
- Unirac Inc. (US.)
- RBI Solar Inc. (U.S.)
- SolarWorld AG (Germany)
- Mounting System GmbH (Germany)
- K2 Systems GmbH (Germany)
- Xiamen Grace Solar Technology (China)
- Esdec (Netherlands)
- Clenergy(China)
- Tata International Ltd (Switzerland)
- Xiamen Corigy New Energy Technology Co. Ltd. (China)
- Xiamen Universe Solar Technology (China)
- PV Racking (US.)
Market Drivers
The Solar PV Mounting Systems market has recently advanced. The main feature causing a rise in market performance is the growing adoption and advancement of renewable energy sources, with solar panels being among the most adopted forms of renewable energy. Furthermore, the requirement for increasing solar power generation capacity leads to a growth in the number of solar power plant construction in several nations, leading to growing demand for solar PV mounting systems market across the globe.
Market Restraints
On the contrary, various aspects may harm expanding the global market for Solar PV Mounting Systems. One of the main restraints in advancing the market's growth is the elevated prices allied with raw materials.
Segment Analysis
The global market for Solar PV Mounting Systems has been divided into several segments based on service technology, product, end-user, component, and region.
Based on the product, the global market for Solar PV Mounting Systems is split into ground and rooftop mounted.
Based on the Service Technology, the global market for Solar PV Mounting Systems is split into tracking and fixed.
Based on the components, the global market for Solar PV Mounting Systems is split into batteries, racking, inverters, PV modules (panels), and others.
Based on the end-users, the global market for Solar PV Mounting Systems is split into industrial, commercial, and residential.
Regional Analysis
The study offers market data by region for North America, Asia-Pacific, Europe, and the Rest of the World.
The study documents by MRFR entail that The Asia-Pacific Region ensured the prime position across the Solar PV Mounting Systems market in 2022, with the largest contribution of nearly USD 6,158.60 million. The regional market is anticipated to grow substantially during the assessment period at a healthy growth rate of around 7.37%. The area is recognized for dynamic development contributors such as China, India, and Indonesia. The primary aspect boosting the development of the regional Solar PV Mounting Systems market is the presence of emerging nations in the region and the growing demand for renewable energy sources. Furthermore, the rise in the demand for power because of the region's growing population and rising per capita disposable income are also likely to have a positive impact on the growth of the regional market over the coming years. In addition, the rapid adoption of clean energy with support such as policies & regulations for energy deployment, raising awareness, resource assessment, project facilitation, statistics, and data collection to enhance the deployment in Asia-Pacific.
The North American region is estimated to grow at the highest pace across the Solar PV Mounting Systems market over the assessment era. The area is recognized for dynamic development contributors such as Mexico, Canada, and the US. The primary aspect boosting the development of the regional Solar PV Mounting Systems market is the innovation and financial strength coupled with entrepreneurial spirit and skilled workforce to attain the targets for solar energy generation.
The European Region will grow substantially across the Solar PV Mounting Systems market from 2023 to 2032. The area is recognized for dynamic development contributors such as Germany, France, and the UK. The primary aspect boosting the development of the regional Solar PV Mounting Systems market is the focus on the research & development of solar energy through three main segments, namely, photovoltaics, concentrated solar power, and solar heating & cooling devices.
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