Solar Power World

  • Home
  • Top Solar Contractors
    • 10th Anniversary Roundtables
  • Articles
    • Most Recent Posts
    • News
      • Latest News Items
      • Solar tariffs
    • Featured
      • Latest Feature Stories
      • Contractor’s Corner
      • Trends in Solar
      • The Solar Explorer
  • Policy
    • Monthly Snapshots
  • Markets
    • Residential
    • Commercial
    • Community Solar
    • Utility
  • Products
    • 2020 Top Products
    • Batteries and Storage
    • Inverters
      • Global Manufacturing Locations
    • Racking and Mounting
    • Software
    • Solar Panels
      • U.S. solar panel manufacturers
      • Global Manufacturing Locations
  • Subscribe
  • Resources
    • About SPW
    • Digital Issues
    • Event Coverage
    • Leadership
      • 2020 Winners
      • 2019 Winners
      • 2018 Winners
    • Podcasts
    • Product Databases
      • Solar Inverter Models
      • Solar Panel Models
      • Solar Racking Models
      • Battery Storage Models
    • Product Manufacturing Locations
      • Global Inverter Manufacturing Locations
      • Global Solar Panel Manufacturing Locations
      • U.S. solar panel manufacturers
    • Solar Classrooms
      • Inverters
      • Solar panels
      • Roof-mount systems
      • Ground-mount systems
      • Residential energy storage systems
    • Suppliers
    • Videos
    • Webinars / Digital Events
    • Whitepapers

One mounting company tries to own the market
2020 Trends in Solar

By Billy Ludt | January 7, 2020

Share

Netherlands-based solar company Esdec claimed in 2019 that the company holds 60% of the U.S. mounting market share in rooftop and residential sectors after the acquisition of three key American companies.

Esdec entered the U.S. solar mounting market in September 2018 with a single product solution: its FlatFix flat roof mount. The company came to the states with more than a decade of experience and several gigawatts of European solar.

Less than two months later, Esdec announced it acquired EcoFasten, a U.S. manufacturer with flat- and pitched-roof mounting solutions. Fast forward another 10 months, just days before Solar Power International 2019, and Esdec announced it acquired yet another two U.S. solar mounting companies: IronRidge and Quick Mount PV. The former carries both roof- and ground-mount systems, while Quick Mount PV focuses on rooftop solar.

“They have played a key role in scaling the U.S. solar industry to where it is today, and our investment adds the capital depth and R&D capabilities needed for them to lead the industry’s next massive phase of growth,” said Stijn Vos, CEO of Esdec.

From surveys taken for Solar Power World’s 2019 Top Solar Contractors list, 26% of respondents listed an Esdec-owned company as their preferred mounting solution. IronRidge was the outright leader overall in the mounting category, claiming 23% of the total responses alone, with Quick Mount and EcoFasten in single digits. Half of the companies participating in the survey marked that their primary solar market is residential.

According to a press release, Esdec arranged the acquisitions to better position itself for the predicted growth in U.S. solar over the next five years, which is estimated to double in size and to prepare for the uncertainties of trade policy. Quick Mount PV and IronRidge will still work as separate entities, just under the Esdec umbrella.

These three recently acquired mounting companies do hold a significant share of the market among solar contractors. However, there is still a wealth of independent solar mounting providers in the United States. Esdec’s swift entrance and acquisitions are notable, and if that 60% figure is true, the company still doesn’t hold the market influence that accompanies a total monopoly to dictate what direction domestic solar mounting is heading in.

“The American solar industry is among the strongest in the world and solar hardware is a critical tool in that growth,” said Yann Brandt, CEO of Quick Mount PV, in the acquisition press release. “Joining Esdec will help us continue our expansion — providing us the resources of a global company while maintaining our independence.”

About The Author

Billy Ludt

Billy Ludt is associate editor of Solar Power World.

Tell Us What You Think! Cancel reply

Related Articles Read More >

Power Factors acquires Greenbyte energy management software
Eos takes full ownership of HI-POWER battery manufacturing venture outside Pittsburgh
Li-Cycle to open lithium battery recycling facility in Phoenix
First Solar Series 6 CuRe modules use less copper for low degradation rate

Exclusive SPW Content

Videos Podcasts Webinars Whitepapers

SPW Digital Editions

Solar Power World Digital EditionBrowse the current issue and archived issues of Solar Power World in an easy-to-use, high-quality format. Bookmark, share and interact with the leading solar construction magazine today.

Solar Policy Snapshot

Solar policy differs across state lines and regions. Click to see our monthly roundup of recent legislation and research throughout the country.

Read More >

Popular Posts See More >

Panasonic to end solar panel manufacturing
Stand-alone energy storage tax credit legislation introduced in both the House and Senate
How a forced-labor prevention act may affect U.S. solar panel imports
Biden infrastructure plan includes 10-year extension and phase down of direct-pay ITC
Solar Power World
  • Top Solar Contractors
  • Solar Articles
  • Top Products
  • Leadership
  • WTWH Media
  • About/Contact Us
  • Advertising
  • Subscribe
  • Windpower Engineering & Development

Copyright © 2021 WTWH Media, LLC. All Rights Reserved. Site Map | Privacy Policy | RSS

Search Solar Power World

  • Home
  • Top Solar Contractors
    • 10th Anniversary Roundtables
  • Articles
    • Most Recent Posts
    • News
      • Latest News Items
      • Solar tariffs
    • Featured
      • Latest Feature Stories
      • Contractor’s Corner
      • Trends in Solar
      • The Solar Explorer
  • Policy
    • Monthly Snapshots
  • Markets
    • Residential
    • Commercial
    • Community Solar
    • Utility
  • Products
    • 2020 Top Products
    • Batteries and Storage
    • Inverters
      • Global Manufacturing Locations
    • Racking and Mounting
    • Software
    • Solar Panels
      • U.S. solar panel manufacturers
      • Global Manufacturing Locations
  • Subscribe
  • Resources
    • About SPW
    • Digital Issues
    • Event Coverage
    • Leadership
      • 2020 Winners
      • 2019 Winners
      • 2018 Winners
    • Podcasts
    • Product Databases
      • Solar Inverter Models
      • Solar Panel Models
      • Solar Racking Models
      • Battery Storage Models
    • Product Manufacturing Locations
      • Global Inverter Manufacturing Locations
      • Global Solar Panel Manufacturing Locations
      • U.S. solar panel manufacturers
    • Solar Classrooms
      • Inverters
      • Solar panels
      • Roof-mount systems
      • Ground-mount systems
      • Residential energy storage systems
    • Suppliers
    • Videos
    • Webinars / Digital Events
    • Whitepapers