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According to the latest research by market research firm Global Market Insights, the solar PV mounting system market size will grow from more than $9.
9 billion today to more than
$16 billion by 2026.
According to the report, the solar PV mounting system market is expected to gain significant growth momentum
due to the growing demand for clean and sustainable energy and increasing urbanization.
The photovoltaic bracket system is used to install photovoltaic modules on
the ground, exterior walls, buildings, roofs and other building structures.
The materials used in these systems are often
climate-dependent.
For example, when setting up a plant in a coastal area, all structural components should be made of galvanized steel or aluminum, as it has high corrosion
resistance.
Regionally, favorable regulatory options and renewable energy targets that can be supported across European countries will boost industrial growth
across Europe.
The European solar market is expected to grow at an alarming rate in the coming years, making solar power capacity the foundation for
the region's clean energy transition.
Photovoltaic technology is one of the most widely used clean energy generation technologies in the world, and it is gradually becoming an important part of
Europe's energy mix.
In fact, in 2018, photovoltaic power generation reached about 127 TWh, accounting for 3.
9% of
the total electricity generation in the EU.
Looking ahead, the region is likely to continue to grow, mainly due to self-consumption and an increase in rooftop PV installations in the region, triggering faster economic growth and more jobs, allowing the sector to establish a huge growth momentum
.
Thus, these factors will drive the demand for
solar PV installation systems across Europe.
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 demand growth
of brackets.
In the Middle East, abundant solar resources and dependence on reduced fossil fuels are contributing to the growth of the solar PV market in the region
.
The solar PV mounting systems market in the region is also expected to grow
as a result during the forecast period.
According to the latest research by market research firm Global Market Insights, the solar PV mounting system market size will grow from more than $9.
9 billion today to more than
$16 billion by 2026.
According to the report, the solar PV mounting system market is expected to gain significant growth momentum
due to the growing demand for clean and sustainable energy and increasing urbanization.
The photovoltaic bracket system is used to install photovoltaic modules on
the ground, exterior walls, buildings, roofs and other building structures.
The materials used in these systems are often
climate-dependent.
For example, when setting up a plant in a coastal area, all structural components should be made of galvanized steel or aluminum, as it has high corrosion
resistance.
Regionally, favorable regulatory options and renewable energy targets that can be supported across European countries will boost industrial growth
across Europe.
The European solar market is expected to grow at an alarming rate in the coming years, making solar power capacity the foundation for
the region's clean energy transition.
Photovoltaic technology is one of the most widely used clean energy generation technologies in the world, and it is gradually becoming an important part of
Europe's energy mix.
In fact, in 2018, photovoltaic power generation reached about 127 TWh, accounting for 3.
9% of
the total electricity generation in the EU.
Looking ahead, the region is likely to continue to grow, mainly due to self-consumption and an increase in rooftop PV installations in the region, triggering faster economic growth and more jobs, allowing the sector to establish a huge growth momentum
.
Thus, these factors will drive the demand for
solar PV installation systems across Europe.
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 demand growth
of brackets.
In the Middle East, abundant solar resources and dependence on reduced fossil fuels are contributing to the growth of the solar PV market in the region
.
The solar PV mounting systems market in the region is also expected to grow
as a result during the forecast period.