The global DG (Distributed Generation) Ground-Mounted Solar PV Market is experiencing rapid growth, driven by increasing investments in renewable energy, government incentives for sustainable power generation, and the widespread adoption of distributed energy solutions. Ground-mounted solar PV systems are playing a crucial role in the renewable energy transition, providing scalable and efficient solutions for large-scale electricity generation.
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Market Overview and Key Growth Drivers DG ground-mounted solar PV systems refer to photovoltaic installations directly positioned on the ground rather than on rooftops. These systems are highly favored for commercial, industrial, and utility-scale projects due to their adaptability to various terrains and their superior energy generation capacity.
Key Market Growth Factors:
Increasing demand for renewable energy to mitigate climate change impacts.
Falling costs of solar PV modules and associated technology.
Rising adoption of microgrids and distributed energy networks in remote and off-grid areas.
Market Size and Growth Projections The DG ground-mounted solar PV market is forecasted to expand at a CAGR of 9.3% from 2024 to 2030, reaching an estimated market value of $45.6 billion by 2030, up from $22.7 billion in 2023.
Key Players in the Market Leading companies propelling the DG ground-mounted solar PV market include:
First Solar, Inc.
Canadian Solar Inc.
Trina Solar Limited
JinkoSolar Holding Co., Ltd.
LONGi Green Energy Technology Co., Ltd.
SunPower Corporation
Sungrow Power Supply Co., Ltd.
Tata Power Solar Systems Limited
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Recent Industry Developments
LONGi Green Energy launched high-efficiency bifacial solar panels optimized for ground-mounted applications.
Sungrow introduced advanced inverters designed specifically for distributed generation projects.
Market Trends Shaping the Future
Expansion of Distributed Energy Systems: Increasing investments in decentralized power generation, particularly in underserved regions.
Technological Advancements: The growing adoption of bifacial modules, AI-based monitoring solutions, and single-axis trackers to improve performance.
Sustainability and ESG Commitments: Corporations and governments accelerating investments in large-scale solar projects to meet net-zero carbon goals.
Energy Storage Integration: Greater adoption of lithium-ion battery storage solutions to enhance grid stability and energy reliability.
Regional Market Insights
Asia-Pacific: The dominant market, driven by aggressive solar expansion targets in China, India, and Japan.
North America: Growth is propelled by state-driven renewable energy mandates, corporate PPAs, and federal incentives.
Europe: A leader in green energy adoption, backed by strong EU policies and sustainability initiatives.
Latin America: Emerging as a solar powerhouse with key projects in Brazil, Mexico, and Chile.
Middle East & Africa: Rapid solar expansion supported by policy initiatives and off-grid rural electrification programs.
Key Challenges in the Market
Land Acquisition and Permitting: Navigating complex regulatory processes for large-scale solar project development.
Grid Integration Delays: Overcoming technical and regulatory barriers to connect solar projects to existing infrastructure.
Cost Competitiveness: Managing installation, maintenance, and financing costs despite declining module price
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