Solar Panel Mounting Structures Market Size & Share, by Product (Rooftop, Ground Mounted); Material (High-Speed Steel, Cold-Formed Steel, Aluminium, Galvanized Iron); Thickness (0.5 to 2 mm, 2 to 3 mm, 3 to 6 mm); End-user (Residential, Commercial, Industrial) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5564
  • Published Date: Jan 23, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Solar Panel Mounting Structures Market size is anticipated to reach USD 62 Billion by the end of 2036, growing at a CAGR of 12% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of solar panel mounting structures was over USD 15 Billion. Growing demand for solar panels is driving the growth of the market. Also, with increasing awareness of climate change and global warming there are significant developments in renewable energy production. For instance, the US has set a goal to lower greenhouse gas emissions by 51% by 2030 compared to 2005 levels, attaining an economy with net-zero emissions by the end of 2050. Also, China wants to reach carbon neutrality before 2060, peak its emissions of carbon dioxide before 2030, and reduce its GDP per unit carbon dioxide emissions by more than 64% from 2005 levels.

In addition, solar energy generation emits less carbon dioxide into the atmosphere than traditional energy sources including coal, oil, and petroleum. Also, the solar panel mounting structures market will expand as a result of growing off-grid solar installations in emerging economies as well as increased public and private sector investments in the implementation of renewable energy sources.

Solar Panel Mounting Structures Market
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Solar Panel Mounting Structures Market: Key Insights

Base Year


Forecast Year




Base Year Market Size (2023)

USD 15 Billion

Forecast Year Market Size (2036)

 USD 62 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Solar Panel Mounting Structures Sector: Growth Drivers and Challenges


Growth Drivers

  • Surge in the Demand for Floating Solar Panels - The increasing use of floating solar panels is the most recent development in the solar panel mounting structures market. On floating constructions like rafts or pontoons that are secured to the earth, floating solar panels are installed. This kind of solar panel mounting method is getting more and more common since it makes it possible to generate solar power using bodies of water like lakes, reservoirs, and irrigation canals, particularly in nations with limited land resources. The market for solar panel mounting structures is seeing growth as a result of the increasing popularity of floating solar panels.
  • Growing Implementation of Smart Solar Panel Mounting Systems - Solar power systems may be monitored and managed in real-time with the help of sensors, communication devices, and software found in smart and connected solar panel mounting systems. It is feasible to maximize energy generation, enhance energy efficiency, and lower maintenance costs with this kind of technology. Furthermore, it is easier to incorporate smart panel systems into the current infrastructure due to developments in IoT technology and connection. This has increased the solar panel mounting structures market potential and increased user accessibility for smart solar panel mounting structures.
  • Growing Need for Increased Solar Power Generation Capacity – The need for increasing solar power generation capacity leads to a rise in the number of solar power plant construction in various nations. Mounting structures play an essential role in ensuring the capacity and efficiency of the solar PV modules as the solar cell’s temperature and sunlight captivity are dependent on them. With an increase in large-scale solar projects, the focus is on solar panels mounting structures. As per a report, by the end of 2020, there were 52 large-scale solar farms under construction, indicating that the large-scale solar industry is likely to grow rapidly in the next years. Therefore, the surge in the demand for increased solar power generation capacity is escalating the solar panel mounting structures market growth.


  • Complexity of Installation and Maintenance of Solar Panel Mounting Structures – For optimal alignment and stability, solar panel mounting systems need to be carefully designed, engineered, and installed. Regular maintenance is also required to maximize energy production and maintain the structures in excellent shape. For certain users, this can be costly and time-consuming.
  • High Initial Installation costs may Hinder the Growth of the Market
  • Sporadic Nature of Sunlight May Affect Energy Production

Solar Panel Mounting Structures Segmentation

Product (Rooftop, Ground Mounted)

Solar panel mounting structures market for the rooftop segment is expected to hold a share of 54% by the end of 2036. The rooftop panels have the advantage of being easily installed and requiring less initial and maintenance commitment for both residential and commercial buildings. The rooftop mounting systems last 20 years on average, which is a longer lifespan. Rooftop solar panels saw strong growth throughout the projection period as a result of solar panels becoming more and more common in the commercial and residential sectors to meet the requirement for electricity. Due to government incentives, homeowners favor rooftop solar installations for producing sustainable energy. Furthermore, because rooftop solar panels are higher, face direct sunlight, and are not affected by temperature variations, they are more efficient. Therefore, these factors are propelling the growth of the rooftop segment.

End-user (Residential, Commercial, Industrial)

Residential segment in the solar panel mounting structures market is expected to hold a share of 47% by the end of 2036. The main advantages of installing solar power in homes are lowering carbon emissions, producing clean, free electricity by harnessing the sun's plentiful energy and eventually lowering electricity costs. For instance, residential installations account for more than 21% of the total solar capacity installed in the United States. With its recent growth, this segment is expected to reach 3.6 million installations by 2022. In the residential sector, rooftop mounting installation is typically possible due to the appropriate use of the terrace area above a residence. Furthermore, because of their low energy usage, fixed solar PV mounting systems are better to put in residences. The industry will develop as long as technology continues to progress and consumers continue to favor solar panel mounting solutions due to cheaper electricity costs.

Our in-depth analysis of the global solar panel mounting structures market includes the following segments:


  • Rooftop
  • Ground Mounted


  • High-Speed Style
  • Cold-Formed Steel
  • Aluminium
  • Galvanized Iron


  • 0.5 to 2 mm
  • 2 to 3 mm
  • 3 to 6 mm


  • Residential
  • Commercial
  • Industrial

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Solar Panel Mounting Structures Industry - Regional Synopsis

European Market Forecast

European solar panel mounting structures market is expected to hold the largest share of 37% during the projected period. Europe is spearheading the global shift towards renewable energy, with numerous nations, including Germany, Spain, and Italy, establishing aggressive goals for solar power adoption. The market for solar panel mounting structures is expanding as a result of the increasing number of solar power systems being built to satisfy the rising demand for clean and renewable energy. As per a report, in the solar energy industry, 217.80 billion KWh of electricity are expected to be generated by 2024. The European market for solar panel mounting structures is expanding as a result of advancements in solar panel technology. The efficiency, longevity, and affordability of solar panels have increased, resulting in simpler and more economical installation and upkeep of solar power systems. The market for solar panel mounting structures is expanding as a result of consumers' increasing decision to switch to solar electricity.

North American Market Statistics

Solar panel mounting structures market in North America is expected to hold a share of 26% by the end of 2036. In North America, the need for renewable energy sources is growing. People are looking for greener alternatives to traditional energy sources as they become more aware of how they affect the environment. The promotion of solar energy adoption has also been greatly aided by government regulations and incentives. In addition, a lot of open space in the region is available for solar panel installations, including enormous rooftops and vacant land. Therefore, all these factors are contributing to the growth of the solar panel mounting structures market in the region.

Research Nester
Solar Panel Mounting Structures Market Size
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Companies Dominating the Solar Panel Mounting Structures Market

    • TotalEnergies SE
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • DSD Renewables
    • UNIRAC, Inc.
    • Schletter Inc
    • Mounting Solar-Kit Private Limited


In The News

  • July 2023 - At the Grandpuits location, TotalEnergies officially opened the largest solar power plant in the region and a battery energy storage system. The Île-de-France region's president, Valérie Pécresse, was there. These two initiatives are a part of TotalEnergies' plan to convert the Grandpuits refinery into a multi-energy, oil-free hub. The Grandpuits solar project, which has a surface area of 12 hectares and a capacity of 25-megawatt peak (MWp), produces 31 gigawatt-hours (GWh) of renewable electricity annually, which is enough to power 19,000 people. Installing 46,000 solar panels on steerable structures known as trackers—which are built to maximize solar energy capture throughout the entire day—makes this production possible.
  • April 2023 - In collaboration with Solar Optimum and DSD Renewables (DSD), Six Flags Entertainment Corporation, the largest regional theme park operator in the world and North America's largest operator of water parks, announced the installation of a new 12.37-megawatt solar carport and energy storage system at Six Flags Magic Mountain in Los Angeles. Six Flags will be recognized as a leader in the industry as a result of the project, which will be the largest single-site commercial renewable energy project in California and the largest solar installation dedicated to a for-profit enterprise in the US.

Author Credits:  Payel Roy, Dhruv Bhatia

  • Report ID: 5564
  • Published Date: Jan 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Surge in the demand for floating solar panels, growing implementation of smart solar panel mounting systems, and rising need for increased solar power generation capacity are the major factors driving the growth of the solar panel mounting structures market.

The market size of solar panel mounting structures is anticipated to attain a CAGR of 12% over the forecast period, i.e., 2024 – 2036.

The major players in the market are TotalEnergies SE, DSD Renewables, UNIRAC, Inc., Schletter Inc, Mounting Solar-Kit Private Limited, MinebeaMitsumi Inc., NTT DATA CORPORATION, Luxor Solar Co. Ltd, TS Co., Ltd., Japan Renewable Energy Co. Ltd., and others.

The rooftop segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Europe region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Solar Panel Mounting Structures Market Report Scope

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