Solar PV Mounting Systems Market share will reach USD 9 billion by 2024, according to a new research report by Global Market Insights, Inc. Strict government norms pertaining to climate change and greenhouse gas emissions will thrust the installation of photovoltaic systems, which will stimulate the solar PV mounting systems market.
Regulations including 2009/28/EC directive and renewable purchase obligation creating a need to adopt sustainable technologies to generate electricity. Shift of consumer focus towards adoption of clean energy to reduce carbon emissions will further complement the industry landscape. The European Union has set a target to fulfil at least 20% of its energy requirement from renewable sources by 2020.
Germany solar PV mounting systems market is set to exceed USD 150 million by 2024. Increasing adoption of energy efficient systems coupled with growing measures towards energy security will complement the business outlook. In Germany from January 2016, construction of new buildings was only permitted if its primary energy requirement must be lower than 25 % of the previous threshold.