Market Overview:
The global rooftop PV system market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for rooftop PV systems from residential and non-residential applications, and rising awareness about the benefits of using rooftop PV systems among consumers. The crystalline silicon segment is expected to account for the largest share of the global rooftop PV system market in 2018, followed by thin film. Crystalline silicon solar cells are made of high-quality silicon wafers that have a high conversion efficiency as compared to other types of solar cells. Thin film solar cells are made up of several thin layers of semiconductor materials, which makes them less efficient than crystalline silicon solar cells but also cheaper to manufacture. In terms of application, the non-residential segment is expected to account for the largest share in 2018, followed by residential applications. Non-residential applications include commercial and industrial buildings, while residential applications include single family homes and multiunit dwellings such as apartments and condominiums.
Product Definition:
A rooftop PV system is a photovoltaic system that is installed on the roof of a building. It uses solar panels to convert sunlight into electrical energy. Rooftop PV systems are important because they can help reduce greenhouse gas emissions and increase the use of renewable energy.
Crystalline Silicon:
Crystalline silicon is the most dominant form of silicon used in photovoltaic (PV) modules. It has a higher conversion efficiency than amorphous and polycrystalline, hence it is more desirable for solar PV applications.
Thin Film:
The thin film is a part of the semiconductor business and it's technology has been around for more than half a century. Thin film materials are used in solar PV modules to generate electricity. The most widely used material is cadmium telluride (CdTe) which has high absorption coefficient along with low cost and good stability under adverse weather conditions. CdTe PV modules have an efficiency rating of around 9% which is higher than the global average efficiency rate of 7%.
Application Insights:
The non-residential application segment accounted for the largest share of over 80% in 2017. The growing demand for electricity generated by rooftop solar PV systems is expected to drive the growth of this segment over the forecast period. Non-residential applications include corporate offices, government buildings, hotels and restaurants, healthcare facilities, telecom towers and broadcasting stations among others.
Increasing demand for large scale renewable energy generation capacities to meet increasing electricity needs has driven several governments across various countries to mandate regulations on net metering and feed in Tariffs (FiT) schemes that would favor market growth. Various international organizations have also offered financial subsidies to support installation of rooftop solar PV systems in schools and colleges among other non-residential buildings as an effort towards sustainable development.
Regional Analysis:
Asia Pacific regional market accounted for the largest revenue share in 2016 and is expected to continue its dominance over the forecast period. The region has been witnessing a growing adoption of solar power due to favorable government policies, increasing awareness about environmental protection, and rising demand for renewable energy. China accounts for more than 50% of global installations owing to various factors such as low cost of installation, high electricity rates, and availability of land on which to build structures.
North America is estimated to be one of the fastest-growing markets from 2017 to 2030 owing bothto an increase in installed capacity as well as a rise in consumer preference towards clean energy sources that do not contribute towards carbon emissions. Moreover, technological advancements relatedto mounting PV systems on residential buildings are anticipatedtobring down installation costs per unit area below competitive alternatives over the next eight years or so.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Government policies and regulations supporting rooftop PV systems
- Reduction in the cost of rooftop PV systems
- Rising awareness about the benefits of rooftop PV systems among consumers and businesses
- Technological advancements in the field of rooftop PV systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Rooftop PV System Market Research Report
By Type
Crystalline Silicon, Thin Film
By Application
Non-residential, Residential
By Companies
Jinko Solar, Trina Solar, Canadian Solar, JA Solar, Hanwha, First Solar, Yingli, SunPower, Sharp, Solarworld, Jinko Solar, Risen, Kyocera Solar, GCL, Longi 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
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Rooftop PV System Market Report Segments:
The global Rooftop PV System market is segmented on the basis of:
Types
Crystalline Silicon, Thin Film
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
Non-residential, Residential
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:
- Jinko Solar
- Trina Solar
- Canadian Solar
- JA Solar
- Hanwha
- First Solar
- Yingli
- SunPower
- Sharp
- Solarworld
- Jinko Solar
- Risen
- Kyocera Solar
- GCL
- Longi Solar
Highlights of The Rooftop PV 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:
- Crystalline Silicon
- Thin Film
- By Application:
- Non-residential
- Residential
- 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 Rooftop PV 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?
A rooftop PV system is a type of solar energy installation that uses photovoltaic (PV) panels to convert sunlight into electricity. Rooftop PV systems are typically installed on residential or commercial buildings, and can provide an important source of clean energy for the buildingu2019s occupants.
Some of the major players in the rooftop pv system market are Jinko Solar, Trina Solar, Canadian Solar, JA Solar, Hanwha, First Solar, Yingli, SunPower, Sharp, Solarworld, Jinko Solar, Risen, Kyocera Solar, GCL, Longi Solar.
The rooftop pv system market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Rooftop PV 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 Rooftop PV System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rooftop PV 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 Rooftop PV 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 Rooftop PV System Market Size & Forecast, 2018-2028
4.5.1 Rooftop PV System Market Size and Y-o-Y Growth
4.5.2 Rooftop PV System Market Absolute $ Opportunity
Chapter 5 Global Rooftop PV System 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 Rooftop PV System Market Size Forecast by Type
5.2.1 Crystalline Silicon
5.2.2 Thin Film
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Rooftop PV System 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 Rooftop PV System Market Size Forecast by Applications
6.2.1 Non-residential
6.2.2 Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rooftop PV 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 Rooftop PV 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 Rooftop PV System Analysis and Forecast
9.1 Introduction
9.2 North America Rooftop PV System 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 Rooftop PV System Market Size Forecast by Type
9.6.1 Crystalline Silicon
9.6.2 Thin Film
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 Rooftop PV System Market Size Forecast by Applications
9.10.1 Non-residential
9.10.2 Residential
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 Rooftop PV System Analysis and Forecast
10.1 Introduction
10.2 Europe Rooftop PV System 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 Rooftop PV System Market Size Forecast by Type
10.6.1 Crystalline Silicon
10.6.2 Thin Film
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 Rooftop PV System Market Size Forecast by Applications
10.10.1 Non-residential
10.10.2 Residential
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 Rooftop PV System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Rooftop PV System 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 Rooftop PV System Market Size Forecast by Type
11.6.1 Crystalline Silicon
11.6.2 Thin Film
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 Rooftop PV System Market Size Forecast by Applications
11.10.1 Non-residential
11.10.2 Residential
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 Rooftop PV System Analysis and Forecast
12.1 Introduction
12.2 Latin America Rooftop PV System 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 Rooftop PV System Market Size Forecast by Type
12.6.1 Crystalline Silicon
12.6.2 Thin Film
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 Rooftop PV System Market Size Forecast by Applications
12.10.1 Non-residential
12.10.2 Residential
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) Rooftop PV System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Rooftop PV System 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) Rooftop PV System Market Size Forecast by Type
13.6.1 Crystalline Silicon
13.6.2 Thin Film
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) Rooftop PV System Market Size Forecast by Applications
13.10.1 Non-residential
13.10.2 Residential
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 Rooftop PV System Market: Competitive Dashboard
14.2 Global Rooftop PV System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Jinko Solar
14.3.2 Trina Solar
14.3.3 Canadian Solar
14.3.4 JA Solar
14.3.5 Hanwha
14.3.6 First Solar
14.3.7 Yingli
14.3.8 SunPower
14.3.9 Sharp
14.3.10 Solarworld
14.3.11 Jinko Solar
14.3.12 Risen
14.3.13 Kyocera Solar
14.3.14 GCL
14.3.15 Longi Solar
