NEWARK, Del, April 20, 2023 (GLOBE NEWSWIRE) -- The United Kingdom photovoltaic mounting system market size is set to increase from US$ 730.9 million in 2023 to US$ 1643.8 million by 2033. Overall sales of photovoltaic mounting systems in the United Kingdom will surge at 8.4% CAGR through 2033.
Ground mounted PV systems segment will continue to dominate the United Kingdom market. While sales of rooftop mounted PV systems will outpace both ground mounted and carport mounted ones over the next ten years.
Growing demand for renewable energy and government initiatives to promote clean energy are key factors driving the market.
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In recent years, the United Kingdom has become a lucrative market for photovoltaic mounting system manufacturers. This is due to rising adoption of renewable energy sources and favorable government initiatives.
These initiatives include the Feed-In Tariff (FIT) scheme, which provides financial incentives for homeowners and businesses to install renewable energy systems, including photovoltaic mounting systems.
The Renewable Energy Association (REA) is also playing a significant role in promoting the use of renewable energy in the United Kingdom.
The combination of government incentives and the efforts of industry bodies such as the REA will continue to drive the adoption of photovoltaic systems in the United Kingdom. This in turn will support the expansion of the United Kingdom photovoltaic mounting system market.
Further, development of novel photovoltaic mounting systems is likely to boost the United Kingdom market through 2033.
Key Takeaways from the United Kingdom Photovoltaic Mounting System Market Study
- Photovoltaic mounting system sales in the United Kingdom will surge at 8.4% CAGR through 2033.
- By 2033, the United Kingdom market value will exceed US$ 1,643.8 million.
- Based on product type, ground mounted photovoltaic system segment will hold around 59% market share during the estimated period.
- In terms of sales channel, B2C is likely to account for more than 37% of the United Kingdom market.
- By end use, residential segment will thrive at 9.3% CAGR over the next ten years.
“Adoption of photovoltaic mounting systems in the United Kingdom is being pushed by rising demand for renewable energy and government initiatives & incentives. Concerns regarding high costs of initial investment could deter a sizeable chunk of buyers. To this end, manufacturers would find substantial opportunity in creating cost-effective and durable products for the United Kingdom market. ” says a lead Future Market Insights (FMI) analyst
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Competitive Landscape
Leading manufacturers and providers of photovoltaic mounting systems include Unirac Inc., Schletter Inc., SunPower Corporation, Mounting Systems GmbH, and Renusol GmbH.
These companies offer a wide range of PV mounting systems, including rooftop, ground-mounted, and floating systems, and are continuously innovating their products to stay ahead in the market.
- In January 2022, K2 Systems announced that it had launched a new mounting system for commercial rooftop installations called the TriCon 2.0. This system is designed for high flexibility and adaptability to accommodate a wide range of solar cells.
- In October 2021, GSE Integration announced that it had supplied its PV mounting systems for a 14.5 MW solar project in the UK. Not only was this more efficient than any of their previously designed systems, it also offered improved performance.
Key Companies Profiled
- SunPower Corporation
- Bauder Ltd
- Armacell UK Ltd
- EcoFasten Solar
- Hilti (Great Britain) Ltd
- K2 Systems Ltd.
- Sunfixings Ltd.
- Sunsquare Ltd
- BayWa r.e. UK Ltd
- Clenergy
- Flexisolar
- Mounting System GmbH
- Schletter Group
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Find More Valuable Insights
The research report analyzes the market demand trends of photovoltaic mounting systems. The United Kingdom Market estimation and growth projection are based on factors such as end-use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of photovoltaic mounting systems.
As per Future Market Insights’ (FMI) research scope, the photovoltaic mounting system market has been studied and segmented based on product type, technology, material type, sales channel, and end use. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, the supply side and demand side.
United Kingdom Photovoltaic Mounting System Market Segmentation
By Product Type:
- Rooftop
- Ground Mounted
- Carport Mounting Structure
By Sales Channel:
- Business to business(B2B)
- Business to Customer(B2C)
By Material Type:
- Aluminum
- Steel
- Others
By Technology:
- Fixed
- Tracking
By End Use:
- Residential
- Commercial
- Offices
- Recreational Areas
- Educational Institution
- Hospitality
- Healthcare Facilities
- Others
- Industrial
- Municipal and Government Facilities
- Others
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Table of Content
1. Executive Summary | United Kingdom Photovoltaic Mounting System Market
1.1. United Kingdom Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USP’s / Features
4.3. Strategic Promotional Strategies
5. Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033
5.1. Historical Market Volume (Units) Analysis, 2018 to 2022
5.2. Current and Future Market Volume (Units) Projections, 2023 to 2033
5.3. Y-o-Y Growth Trend Analysis
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