The solar mounting system market will gain tremendous growth
By 2026, the global photovoltaic bracket market is expected to exceed 16 billion dollars,according to the latest research of the market research company Global Market Insights. Due to the increasing demand for clean and sustainable energy and the increasing degree of urbanization, it is expected that the solar mounting bracket system market will gain tremendous growth momentum.
Solar mounting systems, such as floating solar structure, are used to install photovoltaic modules on the ground, exterior walls, roofs, etc. The materials used in these systems usually depend on the climate. For example, when setting up factories in coastal areas, all structural components should be made of galvanized steel or aluminum because of its high corrosion resistance.
From a regional perspective, favorable regulatory options and renewable energy targets will promote industrial growth throughout Europe.In the next few years, the European solar market is expected to grow at an alarming rate,making solar energy generation the basis of the region’s clean energy transition.
Photovoltaic technology is one of the most widely used clean energy power generation technologies in the world, and this technology is gradually becoming an important part of the European energy structure. In fact, in 2018, photovoltaic power generation reached about 127 TWh, accounting for 3.9% of the EU’s total power generation.
In addition, the implementation of incentives and other regulatory measures is driving the promotion of distributed photovoltaic power generation systems across Africa, thereby stimulating the growth in demand for brackets. In the Middle East, the abundant solar energy resources and the reduction of dependence on fossil fuels are promoting the growth of the photovoltaic market.Therefore，the solar mounting system market is expected to gain a huge growth by 2026.
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