Japan Solar PV Mounting Systems Market (USD Million)

Year ROOFTOP GROUND MOUNTED FIXED TRACKING PV MODULES (PANELS) INVERTERS RACKING BATTERIES OTHER COMPONENTS RESIDENTIAL COMMERCIAL UTILITY
2019 $ 285.12 $ 276.8 $ 317.15 $ 244.77 $ 229.13 $ 98.31 $ 45.73 $ 165.81 $ 22.94 $ 245.02 $ 174.55 $ 142.36
2020 $ 268.61 $ 257.35 $ 294.64 $ 231.32 $ 214.09 $ 92.24 $ 42.79 $ 155.34 $ 21.51 $ 230.84 $ 162.89 $ 132.23
2021 $ 285.57 $ 270.04 $ 308.89 $ 246.71 $ 225.75 $ 97.67 $ 45.18 $ 164.25 $ 22.75 $ 245.44 $ 171.56 $ 138.61
2022 $ 309.23 $ 288.62 $ 329.81 $ 268.03 $ 242.49 $ 105.34 $ 48.6 $ 176.9 $ 24.51 $ 265.79 $ 184.05 $ 148.01
2023 $ 332.77 $ 306.6 $ 349.95 $ 289.42 $ 258.86 $ 112.92 $ 51.96 $ 189.36 $ 26.26 $ 286.05 $ 196.25 $ 157.07
2024 $ 358.28 $ 325.88 $ 371.48 $ 312.68 $ 276.5 $ 121.11 $ 55.59 $ 202.82 $ 28.14 $ 308.0 $ 209.37 $ 166.79
2025 $ 385.89 $ 346.53 $ 394.46 $ 337.97 $ 295.48 $ 129.96 $ 59.49 $ 217.33 $ 30.16 $ 331.76 $ 223.47 $ 177.19
2026 $ 415.87 $ 368.73 $ 419.06 $ 365.54 $ 315.96 $ 139.54 $ 63.71 $ 233.03 $ 32.36 $ 357.56 $ 238.68 $ 188.36
2027 $ 448.23 $ 392.43 $ 445.23 $ 395.44 $ 337.93 $ 149.86 $ 68.24 $ 249.91 $ 34.72 $ 385.42 $ 254.97 $ 200.27
2028 $ 483.43 $ 417.63 $ 473.47 $ 427.59 $ 361.56 $ 161.0 $ 73.12 $ 268.11 $ 37.27 $ 415.71 $ 272.45 $ 212.9
2029 $ 521.47 $ 444.69 $ 503.47 $ 462.68 $ 386.98 $ 173.03 $ 78.38 $ 287.75 $ 40.02 $ 448.45 $ 291.25 $ 226.46
2030 $ 562.69 $ 473.65 $ 535.54 $ 500.8 $ 414.34 $ 186.03 $ 84.05 $ 308.93 $ 42.98 $ 483.93 $ 311.46 $ 240.95
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Japan Solar PV Mounting Systems Market (USD Million)

Synopsis
The above chart is Japan Solar PV Mounting Systems Market (USD Million)

Market Dynamics

japan has made a significant commitment to increase the use of solar energy in its overall energy mix. this has led to a rise in demand for solar pv mounting systems in the country. solar pv mounting systems are an important component of any solar energy system, as they provide the necessary support and structure for solar panels to be mounted on rooftops, ground, or other surfaces. one of the main reasons for the growing demand for solar pv mounting systems in japan is the government's strong policy push towards clean and renewable energy sources. the country has set ambitious targets to increase the overall share of renewable energy to 22-24% of its electricity mix by 2030. this includes a target of 64 gw of installed solar pv capacity by 2030, which is significantly higher than its current capacity of around 59 gw. moreover, japan's shift towards renewable energy sources is also driven by its efforts to reduce its dependence on nuclear energy following the fukushima disaster in 2011. the government is actively promoting the use of solar power through various incentives and subsidies, making it financially attractive for households and businesses to invest in solar pv systems. this, in turn, has created a lucrative market for solar pv mounting systems in the country. another factor contributing to the demand for solar pv mounting systems in japan is the increasing adoption of solar energy in the residential sector. with rising electricity prices and a growing concern for the environment, more and more households are installing solar pv systems to generate their own electricity. as a result, there is a growing need for efficient and reliable mounting systems that can be installed on different types of roofs and surfaces. additionally, japan's large manufacturing sector also plays a significant role in driving the demand for solar pv mounting systems. many companies in japan are now investing in solar pv systems to meet their own energy needs, leading to a rise in demand for mounting systems. this trend is expected to continue as more companies recognize the long-term cost benefits of investing in solar energy. in conclusion, the demand for solar pv mounting systems in japan is being fueled by the government's policies, growing adoption in the residential sector, and the increasing use of solar energy by businesses. this trend is expected to continue as japan strives towards its renewable energy targets and shifts away from nuclear energy.

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