United Kingdom Photovoltaic Mounting System Market

United Kingdom Photovoltaic Mounting System Market Outlook (2023 to 2033)

The United Kingdom photovoltaic mounting system market value reached US$ 678.0 million in 2022. Overall photovoltaic mounting system sales in the country are set to soar at 8.4% CAGR from 2023 to 2033. Total market size will witness an increase from US$ 730.9 million in 2023 to US$ 1,643.8 million by 2033.

Ground mounted PV systems currently lead the United Kingdom market. The target segment is set to contribute more than 40% market value share in 2023. On the other hand, sales of rooftop mounted PV systems will outpace other types through 2033.

Over the years, there has been a growing interest in renewable energy sources or green energy across the United Kingdom. This is due to factors such as rising energy prices, increasing carbon emissions, and depletion of renewable energy resources.

People are showing a keen inclination towards adopting solar PV systems. These systems convert sunlight into electricity by utilizing the photovoltaic effect. High adoption of these systems in turn is putting the PV mounting system market into limelight.

Thanks to rising adoption of photovoltaic panels or PV systems, PV mounting systems have a bright future in the United Kingdom. These systems are becoming popular due to reduction in solar energy system prices.

Photovoltaic (PV) mounting systems are the skeleton or framework of a solar panel. These systems are used to mount/fix solar panels or photovoltaic arrays onto various surfaces, such as rooftops, ground, or carports. They are also called solar module racking systems.

The mounting system typically includes a variety of components. This includes mounting brackets, rails, and clamps, which are designed to securely fasten the solar panels to the mounting surface and support them in place.

PV mounting systems play a crucial role in the overall efficiency and longevity of solar systems. They are adaptable and lightweight and have become critical components of modern solar panels

The United Kingdom photovoltaic (PV) mounting system market is experiencing steady growth as more people are turning to renewable energy sources to reduce their carbon footprint and lower their energy costs.

One of the key trends in the market is the increasing demand for flat roof mounting systems, which are versatile and can be used on a wide range of buildings.

Growing adoption of PV mounting systems in residential sector is acting as a catalyst triggering photovoltaic mounting system sales.

Homeowners across the United Kingdom are seeking to generate their own electricity and benefit from government incentives such as the feed-in tariff. This in turn will create high demand for photovoltaic mounting systems.

Introduction of various government incentives and schemes will play a key role in fostering PV mounting system market development. Further, growing interest in space-based solar power will favor market expansion.

Large investments are being made by government and non-government organizations to explore the potential of space-based solar power systems. For instance, recently the United Kingdom government commissioned space solar power stations research.

The new SBSP (space-based solar power) systems will use big solar power satellites for collecting solar energy, converting it into high-frequency radio waves, and safely beaming it back to ground-based receivers. This will create new revenue-generation opportunities for PV mounting system manufacturers.

Continuous technological advancements in PV mounting systems to increase the effectiveness of solar panels will also boost the market through 2033.

However, the market faces challenges such as the lack of standardization and certification, which can make it difficult for customers to compare products and choose the best option for their needs. Additionally, the uncertainty surrounding government policies and incentives can impact the growth of the market.

Attribute	Key Insights
Estimated United Kingdom Photovoltaic Mounting System Market Size (2023)	US$ 730.9 million
Projected Market Size (2033)	US$ 1,643.8 million
Value-based CAGR (2023 to 2033)	8.4%
Collective Value Share: Top 5 Companies (2023E)	38% to 40%

2018 to 2022 United Kingdom Photovoltaic Mounting System Sales Outlook Compared to Demand Forecast from 2023 to 2033

Sales of photovoltaic mounting systems in the United Kingdom grew at around 6% CAGR from 2018 to 2022. Total market size in the country reached US$ 678.0 million at the end of 2033. Between 2023 and 2033, the United Kingdom photovoltaic mounting system industry will progress at 8.4% CAGR.

Over the past decade, the market for photovoltaic (PV) mounting systems in the United Kingdom expanded significantly. This is due to factors such as rising demand for renewable energy sources, government incentives, and technological developments.

A program called the feed-in tariff was implemented by the British government in the early 2010s to incentivize the use of renewable energy sources such as solar power to power homes and businesses. Because of this, photovoltaic systems and the mounting systems required to install them have become increasingly popular.

Key players such as Sunfixings and Renusol established strong footholds in the market during this time of steady expansion. However, in 2015, the government announced a substantial reduction in the feed-in tariff rates, creating uncertainty and slowing down installations, posing a challenge to the market.

Several businesses reorganized and shifted their focus to the commercial and industrial sectors as a result of competition from cheaper Chinese products.

Despite these obstacles, the market expanded in the latter half of the decade due to factors such as falling photovoltaic system prices and rising environmental consciousness. New entrants such as Mounting Systems, which entered the United Kingdom market in 2018, have also emerged and established themselves as formidable competitors.

Flat roof mounting systems, which can be used on a variety of structures, saw a significant uptick in demand during this time period. One reason for this is the relaxation of rules regarding the placement of solar panels on the roofs of homes and businesses.

The use of modular systems and other innovative mounting technologies, which allow for quicker and cheaper installations, is another growing trend. This helped address issues, such as a lack of standardization and certification, that engulfed the market.

With the government aiming for zero carbon emissions by 2050, the market for photovoltaic mounting systems in the United Kingdom is predicted to continue expanding. To achieve this goal, the use of solar power and other renewable energy sources needs to rise significantly.

The market also faces challenges such as the uncertainty surrounding government policies and incentives. In 2020, the government announced changes to the feed-in tariff scheme, replacing it with the Smart Export Guarantee, which pays homeowners and businesses for exporting excess electricity back to the grid.

While this has provided some clarity for the market, it remains to be seen how effective the new scheme will be in driving installations. The market faces competition from other renewable energy sources such as wind power.

However, growing demand for renewable energy and increasing sophistication of photovoltaic technologies are likely to provide significant opportunities for companies in the United Kingdom photovoltaic mounting system market.

The United Kingdom photovoltaic mounting system market will expand at a robust pace owing to government incentives, decreasing costs, and environmental awareness. Despite challenges such as the uncertainty surrounding government policies, the market will flourish as the demand for renewable energy sources increases.

The adoption of innovative technologies and the emergence of new players will also boost the United Kingdom market.

Key Trends Shaping the Market:

• Growing interest in renewable energy sources such as solar energy will boost the United Kingdom PV mounting system market.
• High adoption of photovoltaic systems across the United Kingdom will elevate PV mounting system demand.
• Increasing efforts towards reducing carbon emissions along with rising interest in renewable energy to support market expansion.
• Rising energy prices will create growth prospects for the United Kingdom market.
• Increasing government initiatives and incentives to uplift photovoltaic mounting system demand.
• Growing popularity of rooftop solar power systems or rooftop solar panels in the United Kingdom will boost the market.
• Development of lighter and more modular photovoltaic mounting systems to fuel sales.
• Decreasing cost of PV installation & energy storage systems to create lucrative opportunities for photovoltaic mounting system manufacturers.
• Surging number of solar projects across the United Kingdom will fuel PV mounting system demand.

Which are the Factors Driving Demand for Photovoltaic Mounting Systems in the United Kingdom?

Increasing demand for renewable energy, government incentives, and technological advancements are key factors driving photovoltaic (PV) mounting system demand in the United Kingdom.

The rising realization of the importance of cutting down on carbon emissions and combating climate change is also boosting demand.

Mounting systems are an essential part of the installation and upkeep of renewable energy systems, and that's the reason many households and businesses are making the switch to solar power.

Government incentives and policies also play a significant role in driving demand for PV mounting systems. For example, the feed-in tariff scheme introduced by the United Kingdom government in the early 2010s provided financial incentives for homeowners and businesses to generate their own electricity through renewable sources such as solar power.

While this scheme has since been replaced, the government continues to support the growth of renewable energy through other initiatives such as the Smart Export Guarantee. This is creating a conducive environment for the development of PV mounting system market.

Advancements in technology are also driving demand, as new and innovative mounting systems are developed that are more efficient, cost-effective, and easier to install. For example, flat roof mounting systems have become increasingly popular due to their versatility and ease of installation.

Overall, the combination of environmental concerns, government incentives, and technological advancements will continue driving demand for photovoltaic mounting systems in the coming years.

Which Factors May Hinder Sales of Photovoltaic Mounting Systems?

While the demand for photovoltaic (PV) mounting systems in the United Kingdom is growing, certain factors could potentially hinder sales of these systems.

One factor is the uncertainty surrounding government policies and incentives. Changes in policies or the phasing out of incentive schemes can lead to a reduction in demand for PV mounting systems, as homeowners and businesses may become less willing to invest in renewable energy.

Sales of PV mounting systems may also be impacted by competition from other renewable energy sources, such as wind power. Businesses may decide to use renewable energy sources other than solar or wind because they are better suited to their operations or geographic location.

The market could be affected by cheap imports from countries such as China. These goods may be priced competitively with domestic goods, making it challenging for domestic businesses to compete.

The lack of market-wide standards and certification is another potential obstacle. Customers may have a harder time making informed purchases and new businesses may find it more difficult to break into an established market when there aren't established standards and regulations.

Finally, certain customers may be put off by the high cost of PV systems and mounting systems. Some homeowners and businesses may be hesitant to make the initial investment despite the substantial potential savings over time.

Comparative View of the Adjacent Photovoltaic Mounting System Market

The market for photovoltaic (PV) mounting systems in the United Kingdom is analogous to that in nearby European countries such as Germany, France, and Italy. But, the United Kingdom market is distinct in other ways as well.

The extent to which governments back renewable energy sources is a key distinction. Although the United Kingdom once offered incentives like the feed-in tariff scheme, these have been reduced in recent years.

In contrast, the market for PV mounting systems is more established and mature in countries such as Germany where government support for renewable energy has been strong for many years.

There is also a disparity in the popularity of particular PV mounting systems. While flat roof systems are more common in countries such as Germany, pitched roofs are the norm in the United Kingdom. This is probably due to regional variations in building styles and roof construction.

Market competition is also different on a country-by-country basis. The United Kingdom market is made up of both large, multinational corporations and numerous smaller, local businesses. In contrast, in Germany, only a handful of giants—including Schletter and K2 Systems-control the market.

In terms of market size, the United Kingdom PV mounting system market is smaller than several other adjacent markets, such as Germany and Italy. However, the market is expected to continue growing in the coming years, driven by the increasing demand for renewable energy and advancements in technology.

Overall, while there are some differences between the PV mounting system markets in adjacent countries, there are also many similarities. As the demand for renewable energy continues to grow across Europe, these markets will likely become increasingly interconnected and integrated.

United Kingdom Photovoltaic Mounting System Market:

Attributes	United Kingdom Photovoltaic Mounting System Industry
CAGR (2023 to 2033)	8.4%
Market Value (2023)	US$ 730.9 million
Growth Factor	Government incentives and declining cost of PV systems are key factors driving the United Kingdom market.
Key Trend	Growing awareness about the benefits of solar energy adoption and sustainable energy growth will elevate demand through 2033.

Category-wise Insights

Which Product Type is Expected to Lead in the United Kingdom Market?

Cost-effectiveness of Rooftop Mounting Systems Will Help it Emerge as the Predominant Product Type

Currently, ground mounted systems segment dominates the United Kingdom market. This is because ground-mounted PV systems can be set up anywhere from open fields to industrial sites. They are suitable for large-scale solar installations.

As per Future Market Insights (FMI), ground-mounted systems segment will experience significant growth in the coming years as a result of the government's emphasis on increasing renewable energy capacity.

But over the next ten years, demand will remain high for rooftop photovoltaic mounting systems. The target segment is likely to thrive at 9.3% CAGR through 2033.

Rooftop mounting systems are commonly used in both residential and commercial settings, as their names suggest. Recently, more people in the United Kingdom are turning to solar power and taking advantage of government rebates and incentives.

Rooftop solar installations are particularly popular, and they are expected to push demand for rooftop mounting systems at a robust pace.

Rooftop mounting systems can be easily installed on existing rooftops, making them a convenient and cost-effective option for solar installations.

Government in the United Kingdom is making concerted efforts aimed at encouraging people to install rooftop solar panels. This, in turn, will continue to bolster rooftop photovoltaic mounting system sales.

Competitive Landscape

The competitive landscape of the photovoltaic (PV) mounting system market in the United Kingdom is highly fragmented, with a large number of players operating in the market. Leading photovoltaic mounting system manufacturers in the country 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. They are continuously innovating their products to stay ahead in the market.

Further, various companies are focusing on strategic partnerships and collaborations to expand their market presence and increase their customer base.

• Among the most recent United Kingdom patents is one for a "Roof-Mounted Solar Panel Assembly," which details a novel mounting system for solar panels that allows for straightforward installation on preexisting rooftops without requiring any structural changes to the roof.
• A second patent covers a "Ground-Mounted Solar Panel Support Structure," which is a mounting system for solar panels that is both portable and sturdy enough to be set up in a matter of hours even in undeveloped land.

Scope of the Report

Attribute	Details
Estimated Market Size (2023)	US$ 730.9 million
Projected Market Size (2033)	US$ 1,643.8 million
Anticipated Growth Rate (2023 to 2033)	8.4% CAGR
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Revenue in US$ million, Volume in Units and CAGR from 2023 to 2033
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Product Type Sales Channel Material Type Technology End Use
Regions Covered	Europe
Key Countries Covered	United Kingdom
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

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

Frequently Asked Questions

What is the Current Valuation of the United Kingdom Photovoltaic Mounting System Market?

The United Kingdom photovoltaic mounting system market registers US$ 730.9 million revenue in 2023.

What is the Estimated Market Size Envisioned by 2033?

The market revenue is projected to exceed US$ 1,643.8 million by 2033.

How is the Market Expected to Evolve over the Coming Decade?

The United Kingdom photovoltaic mounting system market is anticipated to upsurge at an 8.4% CAGR through 2033.

Which Product Category is Anticipated to Take the Lead in the Market?

Ground-mounted systems are anticipated to take the lead in the United Kingdom Photovoltaic Mounting System Market.

What is the Top Trend Shaping the United Kingdom Photovoltaic Mounting System Market?

The top trend in the market includes the increasing adoption of bifacial solar panels.