Us Solar Racking Systems Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Solar Racking Systems Market was valued at USD 8.5 Billion in 2022 and is projected to reach USD 18.6 Billion by 2030, growing at a CAGR of 10.5% from 2024 to 2030.
The US Solar Racking Systems Market is experiencing significant growth as the demand for solar energy continues to rise. Solar racking systems play a crucial role in the installation and performance of photovoltaic (PV) panels. These systems provide the necessary support to hold the solar panels in place, ensuring their durability and efficiency. The growing adoption of solar energy in residential, commercial, and industrial sectors is a key driver behind the market’s expansion. In 2024, the US solar racking systems market is estimated to surpass $3.5 billion and is expected to grow at a robust compound annual growth rate (CAGR) of over 10% through 2030. This growth is attributed to the increasing demand for renewable energy sources, coupled with incentives and government policies supporting solar power investments. Additionally, innovations in solar racking technologies, such as lightweight materials and easy-to-install designs, are further boosting the market’s potential.
The market can be segmented into ground-mounted, roof-mounted, and carport racking systems. Ground-mounted systems dominate the market due to their wide application in utility-scale solar projects. Roof-mounted racking systems are highly popular in residential installations, with homeowners seeking efficient ways to install solar panels without compromising roof integrity. The rise in the installation of solar panels in commercial buildings is also driving the demand for these systems. Moreover, as environmental concerns intensify, solar energy installations are becoming a priority in reducing carbon footprints, thus contributing to the market's growth. Technological advancements in solar racking systems, such as tracker systems, also help in maximizing the energy output by adjusting the position of panels according to sunlight. The US market's expansion is further supported by the increasing penetration of solar power in states like California, Texas, and Florida, known for their high solar energy potential. With growing awareness about sustainable energy sources, the US Solar Racking Systems Market is poised for a continued upward trajectory, with significant opportunities for industry players to invest and innovate.
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IronRidge
K2
SnapNRack
REMOR Solar
Antaisolar
XIAMEN QISHINE IMP.& EXP.
Soeasy
BSLBATT
Kingfeels Energy Technology
Huge Energy Stock
Huafang New Energy Hi-Tech
Photons Solar Technology
Hua Pu Xin Energy Technology
Art Sign
TSD (Xiamen) Solar Technology
Clenergy
Solar SpeedRack
Zep Solar
GAF
M Bar C Construction
Osprey PowerPlatform
OMG Roofing Products
Unirac
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Solar Racking Systems Market
Fixed Racking Systems
Adjustable Racking Systems
Tracking Racking Systems
Floating Racking Systems
Ground-Mounted Systems
Roof-Mounted Systems
Wall-Mounted Systems
Pole-Mounted Systems
Aluminum
Steel
Plastic/Composite
Wood
Residential Applications
Commercial Applications
Industrial Applications
Utility-Scale Applications
Residential End-Users
Commercial End-Users
Government and Public Sector
Energy and Utility Companies
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Solar Racking Systems Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Solar Racking Systems Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Solar Racking Systems Market, By Type
6. Global Solar Racking Systems Market, By Application
7. Global Solar Racking Systems Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Solar Racking Systems Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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