Europe photovoltaic mounting system Market Forecast: Rising at a 16% CAGR by 2035, Reaching USD 260,720.8 million

The market for photovoltaic mounting systems in Europe is expanding quickly because to encouraging government regulations and the quick uptake of renewable energy. Mounting systems are becoming more and more important as the structural foundation of solar installations, enhancing energy production, installation effectiveness, and system longevity. The market is anticipated to grow at a CAGR of 16% from USD 58,794.5 million in 2025 to USD 260,720.8 million by 2035.

Key Trends Paving the Path for Market Progress:

Rapid Adoption of Renewable Energy: The escalating global shift towards renewable energy sources, particularly solar energy, is poised to fuel the rapid expansion of the Europe photovoltaic mounting system market. This burgeoning demand is driven by the increasing adoption of photovoltaic systems across various European nations.

Cost Efficiency: The decreasing costs associated with photovoltaic installation and energy storage systems is creating a fertile ground for photovoltaic mounting system manufacturers across Europe. This cost-effectiveness is contributing to a surge in market demand.

Environmental Awareness: The growing concern over energy prices and the depletion of fossil fuels has led to an environment conducive to the growth of the photovoltaic mounting system market in Europe. Favorable government initiatives and schemes further contribute to this burgeoning demand.

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Drivers Fueling Photovoltaic Mounting System Demand in Europe:

Supportive Regulatory Environment: Europe's pro-renewable energy policies, including feed-in tariffs, net metering, and renewable energy targets, have incentivized the adoption of photovoltaic systems. This regulatory framework is fostering a favorable market environment, driving demand for photovoltaic mounting systems.

Renewable Energy Targets: European countries have set ambitious renewable energy targets as part of their climate commitments. The European Union's Renewable Energy Directive, with a binding target of 32% renewable energy by 2030, has spurred investments in solar energy projects, thus boosting demand for photovoltaic mounting systems.

Distinguishing Characteristics of the Adjacent Photovoltaic Mounting System Market:

The Europe photovoltaic mounting system market, while connected to the solar inverter market, exhibits distinct features:

Solar inverters are essential for converting solar panel electricity, while photovoltaic mounting systems focus on securely installing panels.

The growth of the European solar inverter market is driven by rising solar PV adoption and supportive policies.

Although related, the photovoltaic mounting system market's focus on physical structures may result in a smaller market size compared to solar inverters.

Germany Leading the Renewable Energy Transition:

Germany, with its strong inclination towards renewable energy resources and substantial government support, is anticipated to remain a pivotal market for photovoltaic mounting systems in Europe. FMI predicts a staggering 17.8% CAGR for Germany's photovoltaic mounting system market during the assessment period. By 2035, the country's market valuation is projected to reach an impressive USD 42.2 billion.

Competitive Landscape:

The Europe photovoltaic mounting system industry boasts a blend of established and emerging players. Leading manufacturers, including-

·        Schletter GmbH,

·        Renusol GmbH,

·        Schletter Group,

are in a competitive race to offer innovative, reliable, and cost-effective mounting solutions.

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Europe Photovoltaic Mounting System Market Segmentation

By Product Type:

·        Rooftop

·        Ground Mounted

·        Carport Mounting Structure

By Sales Channel:

·        Business to business (B2B)

·        Business to Customer (B2C)

By Material Type:

·        Aluminum

·        Steel

·        Others

By Technology:

·        Fixed

·        Tracking

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