PV Racking Market Sees Rapid Development

With the increasing global demand for renewable energy, the PV racking market has ushered in a period of rapid development. According to an industry analysis report, the global PV mounting market is forecast to grow at an average annual rate of 15 per cent over the next five years. This growth is mainly due to the reduction in the cost of PV power generation and the strengthening of policy support. It is expected that by 2025, the global PV mounting market size will reach $30 billion.