Market Overview:
The global roof solar system market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy, rising awareness about the benefits of solar energy, and government initiatives and subsidies for rooftop solar installations. The global roof solar system market is segmented on the basis of type into fixed solar systems and adjustable solar systems. Fixed solar systems are those that are installed in a single location and cannot be moved, while adjustable solar systems can be moved to different locations as required. On the basis of application, the market is segmented into residential and commercial applications. Residential applications accounted for majority share of the global roof Solar System Market in 2017 owing to growing inclination among consumers towards rooftop installations across developed economies such as North America and Europe.
Product Definition:
A roof solar system is a photovoltaic system that is installed on the roof of a house or building. The purpose of a roof solar system is to convert sunlight into electrical energy that can be used to power lights and appliances in the home or building.
Fixed Solar System:
Fixed solar system is a type of solar energy system, which does not follow the sun's movement but instead focuses on one particular point of the sun to collect energy. These systems are fixed in position and can be built at various locations. Fixed solar systems have higher efficiency as compared to other types and hence can provide more power over longer periods with fewer components.
Adjustable Solar System:
An adjustable solar system is a solar energy system that can be modified to provide more power during the day than is required for basic household needs. It helps in saving fuel costs and reduces harmful emissions into the environment. The main aim of these systems is to make them self-regulating so that they can follow the sun throughout its journey across the sky, thereby providing an ample amount of energy needed for daily use without any hassle.
Application Insights:
The residential application segment accounted for the largest market share of more than 60% in 2017. The growing number of residential buildings on account of increasing population is expected to be a major factor driving the demand for roof solar system over the forecast period.
The commercial application segment is expected to expand at a CAGR exceeding 11% from 2018 to 2030 owing to an increase in investments by various companies, mainly in Europe and North America, towards installation of large-scale solar power plants. For instance, Softbank invested around USD 2 billion towards construction of ¢â‚¬Å“Suntech Power Malaysia¢â‚¬ plant with a capacityof 50 MW near Kuala Lumpur City Centre Airport (KLCCA).
Regional Analysis:
Asia Pacific dominated the global roof solar system market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in 2017 owing to increasing awareness regarding renewable energy, growing population, and government initiatives favoring installation of solar systems on commercial buildings. For instance, China has set an ambitious target of installing 10 GW capacity by 2020 which would require around 50 thousand installations every year. Moreover, India aims at having 1 million MW capacity installed by 2022 through various policies such as Solar Energy Generation Scheme (Sugi), National Solar Mission (NSM) and Renewable Portfolio Standards (RPS). Such government initiatives are expected to boost demand for roof top solar systems across Asia Pacific over the forecast period.
North America is anticipated to witness significant growth rate from 2018 to 2030 owing with increasing awareness about benefits associated with clean energy sources along with rising emphasis on reducing carbon footprint associated with conventional fossil fuel based electricity generation sources used across U.S.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Government policies and regulations supporting the deployment of solar energy systems
- Reduction in the cost of solar energy systems over time
- Increased awareness about the benefits of solar energy among consumers and businesses
- Technological advancements that make solar energy systems more efficient and affordable
Scope Of The Report
Report Attributes
Report Details
Report Title
Roof Solar System Market Research Report
By Type
Fixed Solar System, Adjustable Solar System
By Application
Residential, Commercial
By Companies
Canadian Solar, Hanwha Group, JA SOLAR, JinkoSolar, Trina Solar, Canadian Solar
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global Roof Solar System Market Report Segments:
The global Roof Solar System market is segmented on the basis of:
Types
Fixed Solar System, Adjustable Solar System
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Canadian Solar
- Hanwha Group
- JA SOLAR
- JinkoSolar
- Trina Solar
- Canadian Solar
Highlights of The Roof Solar System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fixed Solar System
- Adjustable Solar System
- By Application:
- Residential
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Roof Solar System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Roof solar system is a type of solar energy installation that uses the roof of a building as its primary collector area. Solar panels are typically mounted on the roof, and electricity is generated when sunlight hits them. This type of system can be more affordable than other types of solar energy installations, and it's also easier to install because there's less equipment required.
Some of the major companies in the roof solar system market are Canadian Solar, Hanwha Group, JA SOLAR, JinkoSolar, Trina Solar, Canadian Solar.
The roof solar system market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Roof Solar System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Roof Solar System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Roof Solar System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Roof Solar System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Roof Solar System Market Size & Forecast, 2020-2028
4.5.1 Roof Solar System Market Size and Y-o-Y Growth
4.5.2 Roof Solar System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Fixed Solar System
5.2.2 Adjustable Solar System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Roof Solar System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Roof Solar System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Fixed Solar System
9.6.2 Adjustable Solar System
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Fixed Solar System
10.6.2 Adjustable Solar System
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Fixed Solar System
11.6.2 Adjustable Solar System
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Fixed Solar System
12.6.2 Adjustable Solar System
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Fixed Solar System
13.6.2 Adjustable Solar System
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Roof Solar System Market: Competitive Dashboard
14.2 Global Roof Solar System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Canadian Solar
14.3.2 Hanwha Group
14.3.3 JA SOLAR
14.3.4 JinkoSolar
14.3.5 Trina Solar
14.3.6 Canadian Solar
