A report released by Wolf Research states that the solar mounting market is about to grow 67% in the spans between 2013 and 2018. And the demand for the mounting system to exceed USD 1.5 Billion by 2018.
The roof top mounting (commercial installations) segment will grow at the rate of 17.5% year on year, the annual growth of pitched roof installation will also exceed 16.1%. However, the ground mounting which dominate installation in 2013, will get slower growth as the large scale solar installation projects get slow down. But the ground-mount installation still account for about 37% of total installation in 2018 according to the report.
Currently the increasing installation of North American market will attract more solar mounting supplier enter this market, and the keen competition will encourage more innovative solution and cut on cost. The growing market will bring both challenge and opportunities for the company which is in and about to enter.
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