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During the forecast period of 2023–2030, the solar rooftop market is anticipated to expand at a CAGR of 21.6% and reach a valuation of USD 405110.02 Million. The global market is anticipated to be driven by growing concern over reducing carbon emissions.
Solar rooftop refers to solar panels installed on buildings and other structures. A solar rooftop photovoltaic system is a common name for this installation. This technology generates a clean source of energy, meaning it does not contribute to environmental degradation in any way. This renewable energy source is also safe for the ecology and the planet as a whole. The business is booming thanks to the widespread deployment of solar rooftops for the production of renewable energy. Because of diminishing supplies of fossil fuels like petroleum, crude oil, and natural gas, new renewable energy sources are being developed. The market should increase as a result of this. Market expansion is expected to be aided by the strict regulations placed by governments on the use of fossil fuels that emit pollutants like CO and CO2.
The worldwide solar rooftop industry is quite active and is anticipated to grow rapidly over the coming years. A solar rooftop photo voltaic (PV) system uses solar panels positioned on a building's roof to transform the sun's light energy into electrical energy. Solar rooftop systems have two options: they can be off-grid with battery storage or connected to the grid. They have system ratings ranging from 10 kW to more than 100 MW for industrial, commercial, and residential applications, respectively.
Rooftop solar photovoltaic systems are installed on top of all commercial, industrial, residential, and governmental buildings and are frequently utilised to generate power from solar energy. Solar rooftop power generation systems can be either off-grid or grid-connected. In solar rooftop systems that are connected to the utility grid, solar PV rooftops are used to generate power. Off-grid systems, on the other hand, produce electricity that is used by the linked load and any excess is stored in batteries for use as and when necessary. The demand for solar rooftop systems has been slowly increasing over the last several years, and in the future, it is anticipated to expand significantly. Due to growing demand from its end-use applications, solar rooftop systems have been dominating the renewable energy market.
The solar rooftop industry is being driven by an increase in demand for solar systems worldwide, particularly for residential rooftop applications. Key materials required in the production of solar cells, such as silver and polysilicon, have gradually decreased in price over the past ten years, as has been seen. The benefits of solar rooftop systems include a decrease in harmful emissions, quieter operations, and cheaper total energy costs. The global market for solar rooftops will undoubtedly be driven by a progressive decline in the cost of the industrial materials used to make solar panels as well as the rising price of electricity and natural gas.
The market share leader in terms of capacity right now is the 11 kW–100 kW rooftop solar system segment, and during the forecast period, this segment is anticipated to grow at the fastest rate. For commercial and small-scale business, rooftop solar systems with a power capacity of between 11 kW and 100 kW are the best investment. Depending on the panel wattage, a 100 kW rooftop solar system today will have between 380 and 410 panels and need 600 to 656 m2 of roof space. According to project-level data from the U.S. Department of Energy SunShot Initiative, reported prices for PV system installations completed in January 2017 were approximately USD 3.78/W (Median) for commercial installations of over 10 kW to 100 kW.
Report Coverage
Global Solar Rooftop research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Solar Rooftop report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Solar Rooftop competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Solar Rooftop market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Solar Rooftop market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Solar Rooftop market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
SMA Solar Technology AG (Germany), Trina Solar (China), Yingli Green Energy Holding Company Limited (China), Canadian Solar Inc. (Canada), Jinko Solar (China), SolarWorld AG (Germany), SunPower Corporation (U.S.), Shunfeng International Clean Energy Limited. (China), Tata Power Solar Systems Limited (India), Delta Energy Systems (Germany), JA Solar Holdings Co., Ltd. (China) and ABB Ltd. (Switzerland)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Solar Rooftop market based on the below-mentioned segments:
Global Solar Rooftop Market, By Connectivity
On-Grid
Off-Grid
Global Solar Rooftop Market, By End User
Residential
Commercial
Industrial
Global Solar Rooftop market, Regional Analysis
Solar rooftop refers to solar panels installed on buildings and other structures. A solar rooftop photovoltaic system is a common name for this installation. This technology generates a clean source of energy, meaning it does not contribute to environmental degradation in any way. This renewable energy source is also safe for the ecology and the planet as a whole. The business is booming thanks to the widespread deployment of solar rooftops for the production of renewable energy. Because of diminishing supplies of fossil fuels like petroleum, crude oil, and natural gas, new renewable energy sources are being developed. The market should increase as a result of this. Market expansion is expected to be aided by the strict regulations placed by governments on the use of fossil fuels that emit pollutants like CO and CO2.
The worldwide solar rooftop industry is quite active and is anticipated to grow rapidly over the coming years. A solar rooftop photo voltaic (PV) system uses solar panels positioned on a building's roof to transform the sun's light energy into electrical energy. Solar rooftop systems have two options: they can be off-grid with battery storage or connected to the grid. They have system ratings ranging from 10 kW to more than 100 MW for industrial, commercial, and residential applications, respectively.
Rooftop solar photovoltaic systems are installed on top of all commercial, industrial, residential, and governmental buildings and are frequently utilised to generate power from solar energy. Solar rooftop power generation systems can be either off-grid or grid-connected. In solar rooftop systems that are connected to the utility grid, solar PV rooftops are used to generate power. Off-grid systems, on the other hand, produce electricity that is used by the linked load and any excess is stored in batteries for use as and when necessary. The demand for solar rooftop systems has been slowly increasing over the last several years, and in the future, it is anticipated to expand significantly. Due to growing demand from its end-use applications, solar rooftop systems have been dominating the renewable energy market.
The solar rooftop industry is being driven by an increase in demand for solar systems worldwide, particularly for residential rooftop applications. Key materials required in the production of solar cells, such as silver and polysilicon, have gradually decreased in price over the past ten years, as has been seen. The benefits of solar rooftop systems include a decrease in harmful emissions, quieter operations, and cheaper total energy costs. The global market for solar rooftops will undoubtedly be driven by a progressive decline in the cost of the industrial materials used to make solar panels as well as the rising price of electricity and natural gas.
The market share leader in terms of capacity right now is the 11 kW–100 kW rooftop solar system segment, and during the forecast period, this segment is anticipated to grow at the fastest rate. For commercial and small-scale business, rooftop solar systems with a power capacity of between 11 kW and 100 kW are the best investment. Depending on the panel wattage, a 100 kW rooftop solar system today will have between 380 and 410 panels and need 600 to 656 m2 of roof space. According to project-level data from the U.S. Department of Energy SunShot Initiative, reported prices for PV system installations completed in January 2017 were approximately USD 3.78/W (Median) for commercial installations of over 10 kW to 100 kW.
Report Coverage
Global Solar Rooftop research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Solar Rooftop report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Solar Rooftop competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Solar Rooftop market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | SMA Solar Technology AG (Germany), Trina Solar (China), Yingli Green Energy Holding Company Limited (China), Canadian Solar Inc. (Canada), Jinko Solar (China), SolarWorld AG (Germany), SunPower Corporation (U.S.), Shunfeng International Clean Energy Limited. (China), Tata Power Solar Systems Limited (India), Delta Energy Systems (Germany), JA Solar Holdings Co., Ltd. (China) and ABB Ltd. (Switzerland) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Solar Rooftop Market from 2021 to 2030.
- Market Forecast for Solar Rooftop Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Solar Rooftop competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Solar Rooftop
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Solar Rooftop market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Solar Rooftop market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
SMA Solar Technology AG (Germany), Trina Solar (China), Yingli Green Energy Holding Company Limited (China), Canadian Solar Inc. (Canada), Jinko Solar (China), SolarWorld AG (Germany), SunPower Corporation (U.S.), Shunfeng International Clean Energy Limited. (China), Tata Power Solar Systems Limited (India), Delta Energy Systems (Germany), JA Solar Holdings Co., Ltd. (China) and ABB Ltd. (Switzerland)
Primary Target Market
- Market Players of Solar Rooftop
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Solar Rooftop market based on the below-mentioned segments:
Global Solar Rooftop Market, By Connectivity
On-Grid
Off-Grid
Global Solar Rooftop Market, By End User
Residential
Commercial
Industrial
Global Solar Rooftop market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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