Ground Mounted Solar PV Market By Technology (Crystalline Silicon, Thin Film, Concentrated Photovoltaics [CPV]), By Mounting Type (Fixed Mounting Systems, Tracking Systems), By End-Use Application (Utility-Scale Power Plants, Commercial, Residential), and By Region; Global Insights & Forecast (2024 – 2030).

As per Intent Market Research, the Ground Mounted Solar PV Market was valued at USD 19.9 Billion in 2024-e and will surpass USD 41.8 Billion by 2030; growing at a CAGR of 13.2% during 2025 - 2030.

 The Ground Mounted Solar PV market is integral to the expansion of solar energy infrastructure worldwide. Ground-mounted solar photovoltaic (PV) systems, which are installed on the ground rather than rooftops, are essential for large-scale solar energy production. These systems offer higher capacity and efficiency compared to rooftop installations and are especially suited for utility-scale power plants. With the increasing global emphasis on renewable energy and sustainability, the demand for ground-mounted solar PV systems is expected to grow significantly. Governments, utilities, and commercial entities are investing heavily in solar projects to reduce carbon footprints and meet renewable energy targets. As solar technology advances and becomes more cost-effective, the ground-mounted solar PV market will continue to expand in response to the global energy transition.

Crystalline Silicon Technology Is Largest Owing to Its Efficiency and Reliability

The Crystalline Silicon technology segment is the largest in the Ground Mounted Solar PV market, owing to its high efficiency, reliability, and widespread adoption. Crystalline silicon solar cells, which are made from silicon wafers, dominate the solar industry due to their proven track record and ability to convert sunlight into electricity with greater efficiency than other types of solar technologies. These solar modules are commonly used in large-scale utility projects, commercial applications, and residential installations, making them a cornerstone of the ground-mounted solar PV market.

The widespread adoption of crystalline silicon technology is driven by its ability to offer long-term reliability, high energy output, and competitive pricing, making it the preferred choice for most ground-mounted solar installations. The technology has matured over the years, leading to substantial cost reductions and improved performance. As the demand for large-scale solar power generation continues to rise, particularly in utility-scale power plants, crystalline silicon is expected to maintain its position as the dominant technology in the market.

Thin Film Technology Segment Is Fastest Growing Due to Its Cost-Effectiveness and Flexibility

The Thin Film technology segment is the fastest growing in the Ground Mounted Solar PV market, driven by its cost-effectiveness, lightweight nature, and flexibility. Thin-film solar cells are made by depositing one or more thin layers of photovoltaic material onto a substrate, which makes them lighter and more versatile than traditional crystalline silicon panels. These solar cells can be applied to a variety of surfaces and are often used in applications where space and weight are significant considerations. Thin-film technology is increasingly being used in commercial and residential ground-mounted installations due to its low production costs and ease of integration.

Thin-film solar technology is also gaining traction in utility-scale applications, where its lower upfront costs and ease of installation make it an attractive alternative to traditional crystalline silicon-based systems. Additionally, advancements in thin-film technology have improved efficiency and lifespan, contributing to its rapid growth in the market. As the global push for affordable and scalable solar energy solutions intensifies, thin-film solar PV systems are expected to see continued growth in both developed and emerging markets.

Fixed Mounting Systems Segment Is Largest Owing to Their Simplicity and Cost-Effectiveness

The Fixed Mounting Systems segment is the largest in the Ground Mounted Solar PV market, primarily due to their simplicity, cost-effectiveness, and ease of installation. Fixed mounting systems, which hold solar panels in place at a fixed angle, are the most commonly used mounting solution for ground-mounted solar PV systems. These systems are less complex and more affordable compared to tracking systems, making them an ideal choice for large-scale utility projects and commercial installations where cost is a significant factor.

The main advantage of fixed mounting systems is their low maintenance requirements and long lifespan. They are especially suited for areas with stable sunlight conditions, where adjusting the angle of the solar panels does not significantly improve energy yield. As a result, fixed mounting systems dominate the market, particularly in utility-scale solar farms, where large numbers of panels are installed and the priority is minimizing installation and operational costs. This segment's dominance is expected to continue as developers look for efficient and cost-effective ways to deploy solar energy projects at scale.

Asia Pacific Is Largest Region Due to High Solar Potential and Government Support

The Asia Pacific region is the largest in the Ground Mounted Solar PV market, driven by the region's high solar energy potential, government support, and large-scale renewable energy projects. Countries like China, India, Japan, and Australia have made significant investments in solar energy infrastructure, capitalizing on their favorable geographic conditions for solar power generation. China, in particular, has emerged as the global leader in solar energy production and installation, contributing to the region's dominance in the ground-mounted solar PV market.

In addition to favorable solar conditions, government incentives and ambitious renewable energy targets are driving the adoption of ground-mounted solar systems in the region. As the demand for clean energy grows and more utility-scale solar power plants are developed, the Asia Pacific region is expected to maintain its leadership position in the global ground-mounted solar PV market.

Competitive Landscape and Key Players

The Ground Mounted Solar PV market is competitive, with key players such as First Solar, Trina Solar, Canadian Solar, SunPower, and JA Solar leading the charge in technological innovation and market expansion. These companies are focused on enhancing the efficiency and affordability of solar panels, improving mounting systems, and expanding their product portfolios to cater to the growing demand for renewable energy solutions. Strategic collaborations, mergers, and acquisitions are common as companies seek to strengthen their positions in the market and tap into new geographical regions.

As the global shift towards renewable energy accelerates, competition in the ground-mounted solar PV market is expected to intensify. Companies that can offer high-performance, cost-effective solutions while addressing sustainability concerns will likely emerge as leaders in the industry. The ongoing development of next-generation solar technologies, such as bifacial panels and advanced tracking systems, will continue to shape the competitive landscape and drive innovation in the market.

List of Leading Companies:

• First Solar, Inc.
• SunPower Corporation
• Trina Solar Limited
• Canadian Solar Inc.
• JinkoSolar Technology Co., Ltd.
• Yingli Solar
• LONGi Green Energy Technology Co., Ltd.
• Hanwha Q CELLS
• REC Group
• Sharp Corporation
• SMA Solar Technology AG
• Risen Energy Co., Ltd.
• JA Solar Technology Co., Ltd.
• BP Solar
• Goldwind International

Recent Developments:

• First Solar, Inc. announced the launch of an advanced ground-mounted solar PV module designed for high-efficiency performance in harsh environments.
• Trina Solar Limited signed a strategic agreement to supply ground-mounted solar PV systems for large-scale utility projects in Europe.
• JinkoSolar Technology Co., Ltd. unveiled its new generation of bifacial ground-mounted solar panels, aimed at boosting efficiency.
• LONGi Green Energy Technology Co., Ltd. completed the installation of a massive ground-mounted solar project in India with a capacity of 500 MW.
• SMA Solar Technology AG introduced a new range of inverters optimized for ground-mounted solar PV systems, improving energy yield and reliability.

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