Solar PV Mounting Systems Market Regional Analysis:
APAC Market Insights
Asia Pacific region is projected to account for more than 53.9% market share by 2035, backed by rising installation of solar panels in commercial and residential sectors, and favorable government initiatives regarding solar projects. For instance, solar photovoltaic energy capacity in India increased from almost 35,000 megawatts in 2019 to 39,000 megawatts in 2020.
Europe Market Insights
The market in Europe region is estimated to have a significant growth till 2035. The growth can be attributed to the high usage of sustainable energy resources in the region. Additionally, the focus on updating the area's deteriorating electrical infrastructure as well as the encouragement of power generation from renewable energy sources by the local governments will fuel the market expansion.
