By 2026, The Global Photovoltaic Bracket Market Is Expected To Exceed 16 Billion U.S. Dollars_Chiko Solar Mounting System | Mounting Factory Shanghai China

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By 2026, The Global Photovoltaic Bracket Market Is Expected To Exceed 16 Billion U.S. Dollars

Data:2021-03-10

According to the latest research of the market research company Global Market Insights, by 2026, the solar mounting system market will grow from the current over US$9.9 billion to over US$16 billion. This is undoubtedly an opportunity and a challenge for solar panel bracket manufacturers such as CHIKO Solar.

By 2026, The Global Solar mounting system Market Is Expected To Exceed 16 Billion U.S. Dollars

According to the report, due to the increasing demand for clean and sustainable energy and the increasing degree of urbanization, it is expected that the solar photovoltaic system market will gain tremendous growth momentum.

The solar panel bracket system is used to install photovoltaic modules on the ground, exterior walls, buildings, roofs and other building structures. The materials used in these systems usually depend on the climate. For example, when setting up factories in coastal areas, all structural components should be made of galvanized steel or aluminum because of its high corrosion resistance.

As early as the beginning of 2020, CHIKO Solar has developed and used a new type of material-magnesium-aluminum-zinc-plated solar bracket for power station systems. This kind of material is more economical and cost-effective, lighter in weight, and better in terms of wind resistance performance compared to the expected galvanized steel and aluminum alloy.

From a regional perspective, favorable regulatory programs and renewable energy targets that can be supported by all European countries will promote industrial growth throughout Europe. It is expected that in the next few years, the European solar market will grow at an alarming rate, making solar power generation capacity the basis of the region’s clean energy transition.

Photovoltaic technology is one of the most widely used clean energy power generation technologies in the world, and this technology is gradually becoming an important part of the European energy structure. In fact, in 2018, photovoltaic power generation reached about 127 TWh, accounting for 3.9% of the EU's total power generation.

Looking ahead, the region is likely to continue to grow. This is mainly due to self-consumption and the increase in the installation of roof solar panel bracket of the region, which will trigger faster economic growth and more employment opportunities, which will enable the industry to build a huge growth momentum. Therefore, these factors will promote the installation of solar PV throughout Europe System requirements.

In addition, the implementation of incentives and other regulatory measures is driving the promotion of distributed photovoltaic power generation systems across Africa, thereby stimulating the growth in demand for stents. In the Middle East, the abundant solar energy resources and the reduction of dependence on fossil fuels are promoting the growth of the solar photovoltaic market in the region. It is expected that during the forecast period, the solar mounting bracket system market in this region will also continue to grow as a result.

CHIKO Solar has been focusing on manufacturing and designing solar panel bracket systems for more than 10 years. CHIKO products have been installed and used in more than 120 countries and regions, with a cumulative installed capacity of more than 15GW. At the same time, we can provide special designs, any other problems, and more solutions, please contact us!

CHIKO solar more efficient and flexible solar mounting system solution waiting for you here! Contact Us !

Above news from CHIKO Sales & Marketing department
Add: No 680 Xingwen Rd. Jiading dist. Shanghai 201801 China Email: Chiko@Chikolar.com
Website: http://www.chikolar.com Fax : +86 (21)59972938
Phone: +86(21) 59972267 59973712 59973713--811

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