Global Solar Rack Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Solar Rack Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Solar Rack market size was valued at USD 6780.8 million in 2023 and is forecast to a readjusted size of USD 13910 million by 2030 with a CAGR of 10.8% during review period.

Solar Rack has been developed as a universal framed PV module mounting system for open space ground installations,enables to meet the practical requirement of each kind of field installation by connecting several units together easy and quickly. It used for installation of frame solar panel, frameless solar panel and large-scale power station with cheap cost, quick installation, stable ability and strong resistance of wind.

The global solar rack market refers to the industry involved in the manufacturing and supply of solar mounting systems or racks used for solar panel installations. Here are some key points about the global solar rack market:

Solar Power Growth: The market for solar racks is driven by the increasing installation of solar PV systems worldwide. Factors such as declining solar panel costs, government incentives, favorable policies, and growing awareness of environmental sustainability are driving the demand for solar energy. As a result, the need for reliable and efficient solar rack systems to support the panels is also increasing.

Mounting System Types: The global solar rack market offers various mounting system types to accommodate different installation scenarios. These include fixed-tilt racks, adjustable tilt racks, pole-mounted racks, rooftop ballasted racks, and tracking systems. Each type provides specific features, adjustability options, and benefits based on factors such as site location, available space, and energy requirements.

Material Types: Solar racks are usually made from materials like aluminum, steel, or composite materials. Aluminum racks are lightweight, corrosion-resistant, and commonly used for residential and commercial rooftop installations. Steel racks provide higher strength and durability, making them suitable for ground-mounted systems and utility-scale projects.

Regional Market Dynamics: The global solar rack market is geographically diverse, with significant market presence in regions such as North America, Europe, Asia Pacific, and Latin America. Factors like solar energy policies, government incentives, solar resource potential, and the growth of the renewable energy sector influence the regional market dynamics.

Technological Advancements: The solar rack industry is witnessing continuous technological advancements aimed at improving installation efficiency, ease of use, and cost-effectiveness. Innovations include pre-assembled rack components, integrated cable management systems, smart mounting systems with sensors for monitoring and optimization, and advanced tracking systems to increase energy production.

Competitive Landscape: The global solar rack market is highly competitive, with numerous companies operating in the industry. Some prominent players in the market include Unirac Inc., Schletter Group, RBI Solar Inc., Mounting Systems GmbH, and Renusol GmbH. These companies offer a wide range of solar racking solutions tailored to the specific needs of residential, commercial, and utility-scale solar installations.

The global solar rack market is witnessing steady growth driven by the increasing demand for solar energy and the need for reliable, efficient, and cost-effective mounting solutions. The industry aims to continually innovate and improve solar rack systems to support the expanding solar PV market and contribute to the global transition towards renewable energy.

The Global Info Research report includes an overview of the development of the Solar Rack industry chain, the market status of Private House (Aluminum Alloy, Stainless Steel), Factories (Aluminum Alloy, Stainless Steel), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Solar Rack.

Regionally, the report analyzes the Solar Rack markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Solar Rack market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Solar Rack market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Solar Rack industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (Tons), revenue generated, and market share of different by Type (e.g., Aluminum Alloy, Stainless Steel).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Solar Rack market.

Regional Analysis: The report involves examining the Solar Rack market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Solar Rack market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Solar Rack:

Company Analysis: Report covers individual Solar Rack manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Solar Rack This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Private House, Factories).

Technology Analysis: Report covers specific technologies relevant to Solar Rack. It assesses the current state, advancements, and potential future developments in Solar Rack areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Solar Rack market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Solar Rack market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
Aluminum Alloy
Stainless Steel
Galvanized Square Steel
Others

Market segment by Application
Private House
Factories
Commercial Buildings
Outdoor
Others

Major players covered
Unirac Inc
Schletter Group
RBI Solar Inc
Mounting Systems GmbH
Renusol GmbH
STARWIN SOLAR
BlueSun, Inc
Relko Enerji
Solaracks
Sinpo Metal Co
Junsin Industrial Co
Ever Faith Industry Co
Sunforson
DongShuo New Energy Co
XIAMEN UNIVERSE NEW ENERGY CO

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Solar Rack product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Solar Rack, with price, sales, revenue and global market share of Solar Rack from 2019 to 2024.

Chapter 3, the Solar Rack competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Solar Rack breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Solar Rack market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Solar Rack.

Chapter 14 and 15, to describe Solar Rack sales channel, distributors, customers, research findings and conclusion. Show more