Solar PV mounting systems to observe expanding use of tracking technology
Tags: Solar Energy, Renewable Energy, Solar Pv Mounting Systems, Solar Pv

With solar industry dominating the renewable sector and installation of ground mounted systems soaring, buoyant growth is expected in solar PV mounting systems market size. According to Sustainable Development Scenario (SDS) of IEA, renewable capacity additions should grow by more than 300 GW each year from 2018 through 2030 to attain the goals of the Paris Agreement.

Solar mounting systems become indispensable to help PV systems connect to the rooftop. The systems are designed such that they can resist inclement weather. Stakeholders will eye to surmount high upfront cost by efficiently designing mountings to bolster the power generated in both commercial and residential spaces. Global Market Insights, Inc., has projected solar PV mounting systems market size to surpass US$16 billion by 2026.

With fast construction, optimum space utilization, attractive design and better quality, stakeholders are manufacturing solar mounting structures, keeping structural integrity into consideration.

Demand for rooftops with versatility that can be ideal for all sorts of roof designs has risen in the past several years. As such, mounting solutions which are durable with a high load capacity have fueled the trend, while growing interest towards corrosion-resistant and rust-free materials has instilled confidence among stakeholders.

A new trend as caught the eyes of commercial and residential users — floating solar. Given that space availability, shade and age may be a challenge for end-users seeking rooftop mounting systems, floating photovoltaic (FPV) has gained an uptick. So much so that the EU has given the nod to a project which will streamline the mooring and anchoring of floating solar plants.

Floating solar will open up attractive markets in the green energy transition with possible upsides such as reduced water evaporation, reduced civil works, reduced grid interconnected costs, reduced shading, reduced algal blooming and enhanced water quality.

Solar tracking technology has gained immense traction in the past several years as they produce more electricity owing to direct exposure to solar rays. Applications of single axis and two axis solar trackers have witnessed an uptick, while the latter is designed to propel solar energy collection throughout the year, the former allows tracking of sun from east to west.

Legacy players are designing trackers for a wide range of loading conditions to help end-markets respond aptly to weather conditions to reduce loading on the structure. With the advancements in AI, innate ability to manage environmental conditions and integration with string inverters, solar PV mounting systems market outlook is slated to remain buoyant.

North America is likely to come up as a happy hunting ground following the footprint of solar tracker mounting systems in commercial and utility sectors. Installation of mounting structure for large scale solar power plants has become more pronounced in the region. Demand for PV mounting systems which are innovative, robust in application and immensely flexible will continue to witness adoption in the region. In addition, strong potential from rooftop applications in the U.S. will provide lucrative growth opportunities for stakeholders to boost North America solar PV mounting systems market outlook.

A transition towards affordable, reliable and clean electricity is palpable in the robust proliferation of solar PV mounting systems in the global front. Penetration of ground mounted solar systems that have structural rigidity, modular design, ability to withstand years of hostile environment conditions, corrosion resistance and are easy to install will become noticeable in residential, commercial sectors.