According to Our latest research report on “Rooftop Solar Photovoltaic (PV) Installation Market ” highlights the substantial global expansion occurring within this sector. The report encompasses projections for the years leading up to 2031, accompanied by a comprehensive analysis of the market’s current size, prevailing trends, market share, and economic insights.
The global rooftop solar photovoltaic (PV) market was valued at $29,770 million in 2016, and is anticipated to grow at a CAGR of 11.2% to reach $64,671 million from 2017 to 2023. Rooftop solar photovoltaic (PV) materials are devices, which convert sunlight into electrical energy. These are known as solar cells and are made of several semiconductor materials. Single photovoltaic device is known as a cell, which is small in size and produces about 1 to 2 watts of power. Moreover, these cells are connected in series to form larger units called modules to boost the power output of photovoltaic cells. In addition, individual PV modules are connected in series to form an array.
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Moreover, one or more arrays are then connected to the electrical grid, which forms a complete PV system. Therefore, due to formation of this modular structure, these systems can meet small to big power requirements.
The global rooftop solar photovoltaic installation market has witnessed an increase in demand, owing to the availability of solar energy and increase in demand for electricity. Moreover, various encouraging and incentivized steps are taken by government, such as feed-in-tariff coupled with introduction of gross metering policy has further led to development of rooftop solar PV. In addition, rise in adoption of distributed PV technology globally is expected to boost the market growth. Furthermore, affordability of these installations has increased, owing to high levels of market competition. Moreover, growth of property value and durability contribute to the market growth in residential areas. However, lack of robust smart grid infrastructure restrains the market growth.
The global rooftop solar photovoltaic (PV) installation market is segmented based on technology, grid-type, end use, and geography. On the basis of technology, it is classified into thin film and crystalline silicon. Crystalline silicon is further divided into monocrystalline and multi crystalline. On the basis of grid-type, it is bifurcated into grid connected and off-grid. Grid connected is further categorized into centralized and decentralized. By end use, the market is classified into residential and commercial. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
This report provides a quantitative analysis of the current trends, estimations, and dynamics from 2016 to 2023, which assists to identify the prevailing market opportunities.
Major countries in each region are studied as per key trends, developments, and presence of industry players in the market.
Region-wise and country-wise market conditions are comprehensively analyzed in the report.
This study evaluates the value chain to understand the competitive environment across geographies.
An in-depth analysis of segmentation is provided to elucidate the dominant market opportunities.
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Key market players in this sector include
Suntech Power Holding Co. Ltd.
Sun Power Corporation
First Solar Inc.
Yingli Green Energy Holding Co. Ltd.
Canadian Solar Inc.
Schott Solar Ag.
Sharp Corporation
Solar World Ag
Jinko Solar Holding Company Ltd. Corporation
Trina Solar Ltd.
The other players in the value chain (profiles not included in the report) are
Kaneka Corporation
Kyocera Corporation
Panasonic Corporation
Renesola Co. Ltd.
BP Solar International
Bloo Solar Inc.
1366 Technologies Inc.
3GSolar Photovoltaics Ltd.
KEY MARKET SEGMENTS
By Technology
Thin Film
Crystalline Silicon
Monocrystalline
Multicrystalline
By Grid-type
Grid Connected
Centralized
Decentralized
Off-Grid
By End Use
Residential
Non-residential
By Geography
North America
U.S.
Canada
Mexico
Europe
France
Germany
UK
Spain
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
Australia
Korea
Rest of Asia-Pacific
LAMEA
Brazil
Chile
South Africa
Rest of LAMEA
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
What Are the Key Data Covered in This Market Report?
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- This data may be presented in terms of revenue, market share, or other relevant metrics.
- The report may include data on the segmentation of the market based on various factors such as product type, application, end-user industry, and geography.
- This data helps to understand the market dynamics within different segments
- The report may highlight key trends and drivers that are shaping the market. This can include technological advancements, regulatory changes, consumer behavior, and industry developments.
- Data on these trends and drivers can provide insights into the factors influencing market growth.
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- Data on these challenges and opportunities can inform business decisions and strategies.
- The report may provide data on the market performance and trends in different regions or countries. This can include data on market size, growth rate, and key players in each region.
- Regional data helps to understand market dynamics at a local level.
- The report may include data on consumer behavior, preferences, and buying patterns related to patient engagement solutions.
- This data can provide insights into customer needs and expectations, helping businesses tailor their offerings accordingly.
- The report may provide forecasts for the future of the market based on historical data, market trends, and other factors.
- This data helps stakeholders understand the potential growth and opportunities in the market.
Questions & Answers Market Research/Analysis Report Contains to your following:
- What is the current size of the market and how is it expected to grow in the future?
- What are the key drivers influencing market growth?
- What are the major challenges or constraints faced by market participants?
- What are the emerging trends and opportunities in the market?
- Who are the major competitors in the market and what is their market share?
- What are the key customer segments and their preferences within the market?
- What are the regional or geographic trends and variations within the market?
- What are the regulatory and legal factors impacting the market?
- What are the technological advancements or innovations shaping the market?
- What are the pricing trends and strategies observed in the market?
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