Fixed Tilt Solar PV Market Set to Experience Significant Growth in Coming Years

 Fixed Tilt Solar PV Market Demand:

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  1. Government incentives and policies: Many governments around the world have implemented incentives and policies to encourage the adoption of solar PV systems. These policies include tax credits, rebates, and feed-in tariffs, which have made it more attractive for homeowners and businesses to invest in solar PV systems.

  2. Decreasing costs of solar PV technology: The cost of solar PV technology has been declining steadily over the past few years, making it more affordable for homeowners and businesses to invest in solar PV systems.

  3. Increasing awareness of the benefits of renewable energy: There has been a growing awareness of the benefits of renewable energy sources such as solar, including reduced carbon emissions, lower energy bills, and energy independence.

Industry/ Innovation/ Related News

Aug. 12, 2021 – GameChange Solar (the US), a global leader in fixed-tilt structures and trackers, announced the completion of its Genius Tracker project in India. This 394 MW PV tracker is the largest solar project utilizing single-axis trackers in India. The solar racking solutions provider supplied its single-axis Genius Tracker equipment to this 394 MW PV project by Tata Power in Gujarat. The solar plant is likely to generate an amount of enough electricity to power around 376,000 households.

Fixed Tilt Solar PV Market Analysis:

Fixed Tilt Solar PV Market size is projected to reach USD 1.16 Billion, with a 11.92% CAGR between 2023 and 2030.

Fixed Tilt Solar PV Market - Segmentation

The report is segmented into technologies, applications, and regions. The technology segment is sub-segmented into crystalline silicon, thin-film, and others. Of these, the crystalline silicone segment holds the largest market share due to the increasing installation of solar systems in residential sectors across the globe. The application segment is sub-segmented into on-grid and off-grid. 

Among these, the on-grid segment holds the largest market share, while the off-grid segment grows at the highest CAGR due to increasing installations in remote areas. At the same time, the thin film segment demonstrates the fastest growth rate due to the decreasing cost and increasing efficiency of the equipment. The region segment is sub-segmented into Americas, Europe, Asia Pacific, and the Rest-of-the-World.


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