Solar Pile Market Report 2024

This Solar Pile market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The solar pile market size has grown strongly in recent years. It will grow from $0.41 billion in 2023 to $0.44 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth during the historical period can be attributed to several factors, including the rising adoption of solar energy systems, an increase in government incentives and subsidies for renewable energy, the expansion of large-scale solar farms, efforts to reduce carbon emissions, and heightened environmental awareness among consumers.

The solar pile market size is expected to see strong growth in the next few years. It will grow to $0.64 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The anticipated growth in the forecast period can be attributed to several factors, including the rising demand for solar installations, the expansion of solar energy policies and incentives, the increasing need for renewable energy in emerging regions, a heightened focus on energy independence, and the growth of both residential and commercial solar installations. Key trends expected during this period include the integration of smart technologies for monitoring and maintenance, the development of eco-friendly and sustainable materials, the rise of floating solar panel systems utilizing solar piles, innovations in pile design to accommodate diverse soil conditions, and an emphasis on improving the durability and longevity of solar pile systems.

The increasing demand for solar energy is projected to drive the growth of the solar panel market in the future. Solar energy refers to the power obtained from the sun’s radiation, which is converted into electricity or heat using solar panels. This demand is fueled by the environmental advantages of solar energy, decreasing costs of solar technology, and the need for renewable energy sources to mitigate carbon emissions. Solar piles serve as foundational supports for solar panel installations, ensuring the stability and durability of solar farms by anchoring the panels to the ground, even in challenging terrains. For instance, in January 2024, the U.S. Energy Information Administration, a government agency in the U.S., reported that U.S. solar power generation is expected to rise by 75%, increasing from 163 billion kilowatt-hours (kWh) in 2023 to 286 billion kWh by 2025. Consequently, the rising demand for solar energy is driving growth in the solar panel market.

Key companies in the solar pile market are concentrating on developing cutting-edge technologies, such as fully autonomous solar piling systems, aimed at improving efficiency, lowering labor costs, and speeding up the installation process for large-scale solar projects. A fully autonomous solar piling system automates the installation of foundation piles in solar farms, carrying out tasks such as surveying and pile driving without the need for manual intervention. For example, in March 2023, Built Robotics, a U.S.-based robotics engineering firm, introduced the RPD 35, which is the world’s first fully autonomous solar piling system designed to significantly accelerate the construction of utility-scale solar foundations. By integrating surveying, pile distribution, driving, and inspection into a single streamlined process, the RPD 35 enables a two-person crew to install over 300 piles daily, achieving speeds up to five times faster than traditional methods. This system utilizes advanced AI, a custom pile cartridge, and RTK GPS technology for precise installation, enhancing efficiency and accuracy in constructing solar farms.

In November 2022, Zetwerk Manufacturing, an India-based manufacturing network company, acquired Unimacts for an undisclosed amount. This acquisition is part of Zetwerk's strategy to accelerate growth and diversification by entering new markets, particularly in renewable energy. The move provides Zetwerk immediate access to Unimacts' significant solar and wind power clients and consolidated demand. Unimacts is a U.S.-based manufacturing services firm that specializes in solar piles.

Major companies operating in the solar pile market are MacLean Power System, TorcSill Foundations, DFI Piling, ScrewFast Foundations Limited, Keller Group plc, Ventura Electrical Hindustan Limited, Cyntech Group, Cantsink, GoliathTech, Foundation Technologies Inc., Helical Anchors Inc., Salasar Engineering, PierTech, Helical Piles Solutions Ltd., Xiamen Kseng Metal Tech Co Ltd., SOEASY (Xiamen) Technology Co. Ltd., Patriot Foundation Systems, Bhuj Polymers Pvt. Ltd, Heli-Pile, Chance Foundation Solutions, V Star Solar Energy, YC Helical Inc.

Asia-Pacific was the largest region in the solar pile market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the solar pile market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the solar pile market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Solar piles, often referred to as solar foundation piles or solar ground piles, are structural supports specifically designed to anchor solar panel systems, particularly in large-scale ground-mounted solar farms. These piles are either driven or drilled into the ground to serve as the foundation for the mounting racks or frames that hold the solar panels.

The primary types of solar piles include ground-mounted piles, helical or screw piles, and driven piles. Ground-mounted piles are directly installed into the soil to provide stable support for solar panel structures. They are constructed from various materials, such as steel and aluminum, and are utilized across different applications, including utility, residential, commercial, and industrial sectors.

The solar piles market research report is one of a series of new reports that provides solar piles market statistics, including solar piles industry global market size, regional shares, competitors with a solar piles market share, detailed solar piles market segments, market trends and opportunities, and any further data you may need to thrive in the solar piles industry. This solar piles market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The solar pile market consists of sales of mounting brackets and clamps, ground screws, and base plates. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.