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Solar PV Mounting Systems Market to Reach USD
9.95 Bn by 2026
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Industry Overview

• Growing adoption of sustainable technologies
  along with rising penetration of favorable
  government initiatives will enable Solar PV
  Mounting Systems Market to depict an appreciable
  growth over the forecast time period of
  2020-2026. Taking the enormous benefits of solar
  energy into account, the regulatory institutions
  are providing several tax rebates and subsidies
  to encourage the design and construction of
  photovoltaic systems. Moreover, technological
  developments endowing high efficiency and cost
  effectivity will fuel the product demand
• Several countries across the globe are undergoing
  the intimidating situation of power shortage
  which has urged them to shift their focus on
  sustainable energy solutions. In this regard,
  large investments are being made for installation
  of solar energy systems. For instance, in 2017,
  the World Bank approved USD 2.8 million for
  supporting the development of Zambias solar
  photovoltaic electricity generation. This funding
  along with an investment of around USD 48 million
  from private sector aided the development of
  34-megawatt solar power plant in Lusaka. The
  power plant was established by Nonie Power
  Company Limited which is a joint venture by
  Industrial Development Corporation of Zambia and
  Enel Green Power, Italy. Reportedly, this project
  went online in 2019.

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Continue

• According to Global Market Insights, Inc. report,
  solar PV mounting systems market is poised to
  surpass USD 16 billion by 2026.
• The overall solar PV mounting systems market is
  fragmented into various segments based on
  technology, Product, end-use and regional
  landscape.
• With regards to technology, fixed mounting
  systems segment is expected to register a notable
  growth crediting to robust features like
  affordable operational costs and easy
  availability, less space requirement, and low
  capital investment.
• Based on product bifurcation, rooftop solar PV
  mounting systems segment is observing a
  considerable growth as a result of increased
  adoption of solar energy in commercial and
  residential building projects. In several
  countries such as Brazil and South Africa,
  deployment of photovoltaic systems in buildings
  and households is gaining massive popularity
  considering the current power scarcity situation.
  Moreover, decreasing cost of solar components
  will have a positive impact on the product
  demand, thereby propelling the segmental growth.

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Browse Full Market Research Report Of Solar PV
Mounting Systems Market _at_ https//bit.ly/3gpML7b
Request for a Sample of this Research
report _at_ https//bit.ly/3hqobEm
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Solar PV Mounting Systems Market

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