Ground Mounted Solar Pv Market Analysis, Trends and Forecast 2034
Global Ground Mounted Solar PV Market Growth, Size, Trends Analysis- By Technology, By Product, By Connectivity, By End Use - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Aug-2025 | Report ID: POAE25152 | Pages: 1 - 274 | Formats*: |
| Category : Power & Energy | |||
Global Ground Mounted Solar PV Market Introduction and Overview
According to SPER Market Research, the Global Ground Mounted Solar PV Market is estimated to reach USD 193.15 billion by 2034 with a CAGR 5.26%.
The report includes an in-depth analysis of the Global Ground Mounted Solar PV Market, including market size and trends, product mix, Applications, and supplier analysis. The global Ground Mounted Solar PV Market was valued at USD 115.68 billion in 2024 and is expected to grow at a CAGR of over 5.26% from 2025 to 2034. Ground-mounted solar PV systems are installed on the ground, commonly used in solar farms and large-scale projects, as well as in areas with ample land. Technological advancements like bifacial panels and high-efficiency cells improve their performance. These systems benefit from economies of scale, lowering the cost per watt. Declining prices of panels, inverters, and mounting gear further enhance their economic appeal. Widespread adoption in high solar potential regions with rising energy demands continues to drive growth in ground-mounted solar installations.
By Connectivity:
The on-grid solar segment is expected to witness significant growth due to its direct connection to the utility grid, offering flexibility, reliability, and cost advantages. Advancements in installation methods and increased competition among installers have helped reduce setup costs, making on-grid systems more affordable. Supportive policies, such as net metering and long-term purchase agreements for solar energy producers, further encourage adoption by allowing consumers to offset electricity bills and receive payments for excess energy supplied to the grid.
By Application:
The utility segment is projected to grow steadily, driven by the rising popularity of community solar projects and expanding utility-scale solar farms. Local governments and municipalities actively support community solar initiatives to increase renewable energy access and meet sustainability targets. Investments in smart grid technologies enhance the integration of distributed energy resources such as solar PV, improving grid reliability and flexibility. Additionally, larger-scale projects benefit from economies of scale, reducing the cost per watt of installed capacity and positively influencing the overall market growth and industry outlook.
Regional Insights:
The Asia Pacific ground-mounted solar PV market is set to grow significantly due to supportive government policies, economic incentives, technological progress, and the region’s abundant solar resources. Ambitious renewable energy targets and various subsidies, tax breaks, and grants help lower project costs, encouraging investments. Corporations are increasingly adopting solar power to meet sustainability goals and stabilize energy expenses. China leads the market with strong government backing, substantial investments, and favorable policies like feed-in tariffs and subsidies, driving widespread adoption and the development of large-scale ground-mounted solar farms in high-irradiance areas.
Market Competitive Landscape:
The global Ground Mounted Solar PV Market is moderately fragmented. some of the market key players are Arctech, Canadian Solar, CsunSolarTech, First Solar, Jinko Solar, JA SOLAR Technology Co., Ltd, SOLTEC, SunPower Corporation, Trina Solar, and Yingli Solar.
Recent Developments:
In early 2024, Trina Solar supplied high-power Vertex modules for a PV project in China’s Gobi region. The installation will generate clean energy, significantly cut CO2 emissions, and reduce coal use. These efficient, reliable modules are ideal for commercial, industrial, and utility-scale solar projects.
In May 2024, First Solar delivered 457 MW of advanced thin-film solar modules, including Series 7 and Series 6 Plus bifacial modules, to support projects in the U.S. This supply strengthens the company’s development pipeline by enhancing certainty and resilience.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Technology, By Product, By Connectivity, By End Use |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | Arctech, Canadian Solar, CsunSolarTech, First Solar, Jinko Solar, JA SOLAR Technology Co., Ltd, SOLTEC, SunPower Corporation, Trina Solar, and Yingli Solar. |
Key Topics Covered in the Report
- Global Ground Mounted Solar PV Market Size (FY’2021-FY’2034)
- Overview of Global Ground Mounted Solar PV Market
- Segmentation of Global Ground Mounted Solar PV Market By Technology (Thin Film, Crystalline solar)
- Segmentation of Global Ground Mounted Solar PV Market By Product (Monocrystalline, Polycrystalline, Cadmium Telluride, Amorphous Silicon, Copper Indium Gallium Diselenide)
- Segmentation of Global Ground Mounted Solar PV Market By Connectivity (On Grid, Off Grid)
- Segmentation of Global Ground Mounted Solar PV Market By End Use (Residential, Commercial & Industrial, Utility)
- Statistical Snap of Global Ground Mounted Solar PV Market
- Expansion Analysis of Global Ground Mounted Solar PV Market
- Problems and Obstacles in Global Ground Mounted Solar PV Market
- Competitive Landscape in the Global Ground Mounted Solar PV Market
- Details on Current Investment in Global Ground Mounted Solar PV Market
- Competitive Analysis of Global Ground Mounted Solar PV Market
- Prominent Players in the Global Ground Mounted Solar PV Market
- SWOT Analysis of Global Ground Mounted Solar PV Market
- Global Ground Mounted Solar PV Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1.Introduction
1.1.Scope of the report1.2.Market segment analysis
2.Research Methodology
2.1.Research data source
2.1.1.Secondary Data2.1.2.Primary Data2.1.3.SPERs internal database2.1.4.Premium insight from KOLs
2.2.Market size estimation
2.2.1.Top-down and Bottom-up approach
2.3.Data triangulation
3.Executive Summary
4.Market Dynamics
4.1.Driver, Restraint, Opportunity and Challenges analysis
4.1.1.Drivers4.1.2.Restraints4.1.3.Opportunities4.1.4.Challenges
5.Market variable and outlook
5.1.SWOT Analysis
5.1.1.Strengths5.1.2.Weaknesses5.1.3.Opportunities5.1.4.Threats
5.2.PESTEL Analysis
5.2.1.Political Landscape5.2.2.Economic Landscape5.2.3.Social Landscape5.2.4.Technological Landscape5.2.5.Environmental Landscape5.2.6.Legal Landscape
5.3.PORTERs Five Forces
5.3.1.Bargaining power of suppliers5.3.2.Bargaining power of buyers5.3.3.Threat of Substitute5.3.4.Threat of new entrant5.3.5.Competitive rivalry
5.4.Heat Map Analysis
6.Competitive Landscape
6.1.Global Ground Mounted Solar PV Market Manufacturing Base Distribution, Sales Area, Product Type6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Ground Mounted Solar PV Market
7.Global Ground Mounted Solar PV Market, By Technology, (USD Million) 2021-2034
7.1.Thin Film7.2.Crystalline solar
8.Global Ground Mounted Solar PV Market, By Product, (USD Million) 2021-2034
8.1.Monocrystalline8.2.Polycrystalline8.3.Cadmium Telluride8.4.Amorphous Silicon8.5.Copper Indium Gallium Diselenide
9.Global Ground Mounted Solar PV Market, By Connectivity, (USD Million) 2021-2034
9.1.On Grid9.2.Off Grid
10.Global Ground Mounted Solar PV Market, By End Use, (USD Million) 2021-2034
10.1.Residential10.2.Commercial & Industrial10.3.Utility
11.Global Ground Mounted Solar PV Market, (USD Million) 2021-2034
11.1.Global Ground Mounted Solar PV Market Size and Market Share
12.Global Ground Mounted Solar PV Market, By Region, 2021-2034 (USD Million)
12.1.Asia-Pacific
12.1.1.Australia12.1.2.China12.1.3.India12.1.4.Japan12.1.5.South Korea12.1.6.Rest of Asia-Pacific
12.2.Europe
12.2.1.France12.2.2.Germany12.2.3.Italy12.2.4.Spain12.2.5.United Kingdom12.2.6.Rest of Europe
12.3.Middle East and Africa
12.3.1.Kingdom of Saudi Arabia12.3.2.United Arab Emirates12.3.3.Qatar12.3.4.South Africa12.3.5.Egypt12.3.6.Morocco12.3.7.Nigeria12.3.8.Rest of Middle-East and Africa
12.4.North America
12.4.1.Canada12.4.2.Mexico12.4.3.United States
12.5.Latin America
12.5.1.Argentina12.5.2.Brazil12.5.3.Rest of Latin America
13.Company Profile
13.1.Arctech
13.1.1.Company details13.1.2.Financial outlook13.1.3.Product summary13.1.4.Recent developments
13.2.Canadian Solar
13.2.1.Company details13.2.2.Financial outlook13.2.3.Product summary13.2.4.Recent developments
13.3.CsunSolarTech
13.3.1.Company details13.3.2.Financial outlook13.3.3.Product summary13.3.4.Recent developments
13.4.First Solar
13.4.1.Company details13.4.2.Financial outlook13.4.3.Product summary13.4.4.Recent developments
13.5.Jinko Solar
13.5.1.Company details13.5.2.Financial outlook13.5.3.Product summary13.5.4.Recent developments
13.6.JA SOLAR Technology Co., Ltd
13.6.1.Company details13.6.2.Financial outlook13.6.3.Product summary13.6.4.Recent developments
13.7.SOLTEC
13.7.1.Company details13.7.2.Financial outlook13.7.3.Product summary13.7.4.Recent developments
13.8.SunPower Corporation
13.8.1.Company details13.8.2.Financial outlook13.8.3.Product summary13.8.4.Recent developments
13.9.Trina Solar
13.9.1.Company details13.9.2.Financial outlook13.9.3.Product summary13.9.4.Recent developments
13.10.Yingli Solar
13.10.1.Company details13.10.2.Financial outlook13.10.3.Product summary13.10.4.Recent developments
13.11.Others
14.Conclusion
15.List of Abbreviations
16.Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Ground Mounted Solar Pv Market is projected to reach USD 193.15 billion by 2034, growing at a CAGR of 5.26% during the forecast period.
Ground Mounted Solar Pv Market size from 2025. The Market is expected to reach USD 193.15 billion by 2034, at a CAGR of 5.26% during the forecast period.
Ground Mounted Solar Pv Market CAGR of 5.26% during the forecast period.
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Ground Mounted Solar Pv Market size is USD 193.15 billion from 2025 to 2034.
Ground Mounted Solar Pv Market covered By Technology, By Product, By Connectivity, By End Use
The North America is anticipated to have the highest Market share in the Ground Mounted Solar Pv Market.
Arctech, Canadian Solar, CsunSolarTech, First Solar, Jinko Solar, JA SOLAR Technology Co., Ltd, SOLTEC, SunPower Corporation, Trina Solar, and Yingli Solar.
The report includes an in-depth analysis of the Global Ground Mounted Solar PV Market, including market size and trends, product mix, Applications, and supplier analysis.
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