Market Overview:
The global rooftop solar panels 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 renewable energy sources and the growing awareness about the benefits of using rooftop solar panels. The global rooftop solar panels market is segmented on the basis of type, application, and region. On the basis of type, it is divided into monocrystalline silicon rooftop solar panel, polycrystalline silicon rooftop solar panel, and thin-film rooftop solar panel. Thin-film roof top solar panels are expected to grow at a higher CAGR during the forecast period as they are cheaper than other types of roof top solar panels and have a longer life span. On the basis of application, it is classified into residential, corporate sector, hospital sector, and others (government buildings & institutions). The residential sector held majority share in 2017 owing to rising demand for electricity from households across globe coupled with government initiatives promoting use if renewable energy sources such as rooftopsolarpanels .
Product Definition:
A rooftop solar panel is a photovoltaic module that is mounted on the roof of a building to convert sunlight into electrical power. Rooftop solar panels are important because they can help reduce a building's reliance on traditional electricity sources, such as the grid. In addition, they can help reduce greenhouse gas emissions and other pollutants associated with electricity generation.
Monocrystalline Silicon Rooftop Solar Panel:
Monocrystalline Silicon rooftop solar panel is one of the latest technology innovations in the renewable energy sector. It utilizes crystalline silicon as a raw material which makes up part of the semiconductor industry. Monocrystalline rooftop solar panels are manufactured with high-quality and efficiency in mind, which results into increased production output and reduced cost compared to polycrystalline or amorphous silicon rooftop solar panels.
Polycrystalline Silicon Rooftop Solar Panel:
Polycrystalline silicon rooftop solar panel is a new generation of photovoltaic modules. It has higher efficiency and lower manufacturing cost than monocrystalline panels. The module consists of multiple layers, each with a different composition of crystal orientation and thickness which helps in boosting the overall performance by reducing the absorption coefficient and increasing the light output.
Application Insights:
The residential segment accounted for the largest revenue share of over 70% in 2017. The growing urban population coupled with rising government initiatives to promote housing construction is expected to drive demand over the forecast period.
Rising awareness regarding renewable energy among corporate entities, particularly in developed economies such as North America and Europe is expected to boost product demand from the commercial sector. In addition, a rise in infrastructural development projects supported by governments across various regions will further propel market growth over the coming years.
The others application segment includes non-residential sectors including education buildings, healthcare facilities and military bases among others which account for a smaller share of global installations due to high costs associated with installation compared to residential or commercial segments respectively However, this sector is projected witness significant growth owing to increasing investments by companies such as Apple Inc., Google LLC.
Regional Analysis:
Asia Pacific regional market dominated the global rooftop solar panels industry in 2016 and is anticipated to continue its dominance over the forecast period. The region accounted for a share of more than 30% of global installations in 2016 owing to large-scale government subsidies, favorable regulatory policies, and increasing electricity demand-supply gap. China was at the forefront of Asia Pacific regional market with more than 80% share in 2016 owing to large scale investments made by Chinese manufacturers. In addition, growing awareness about environmental protection along with rising need for sustainable energy solutions are expected to drive growth over the forecast period.
Europe emerged as second largest consumer due to high level installation activities taking place across major countries such as Germany, Italy and Spain among others.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Government policies and regulations supporting rooftop solar installations
- Reduction in the cost of solar panels and installation costs
- Rising awareness about the benefits of rooftop solar among consumers and businesses
- Expansion of the electric grid to accommodate increasing levels of rooftop solar
Scope Of The Report
Report Attributes
Report Details
Report Title
Rooftop Solar Panels Market Research Report
By Type
Monocrystalline Silicon Rooftop Solar Panel, Polycrystalline Silicon Rooftop Solar Panel, Thin-Film Rooftop Solar Panel
By Application
Residential, Corporate, Hospital, Others
By Companies
Canadian Solar, Inc, CSUN Solar Tech Co.，Ltd, Hanwha SolarOne Co. Ltd., JA Solar Holdings, JinkoSolar Holding Co., Ltd, Motech Industries, Inc, ReneSola Zhejiang Ltd, Sharp Corporation, SunEdison, Inc, Tesla, SoloPower Systems, Inc, SunPower Corporation, Tata Power Solar Systems Ltd, CELL 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
211
Number of Tables & Figures
148
Customization Available
Yes, the report can be customized as per your need.
Global Rooftop Solar Panels Market Report Segments:
The global Rooftop Solar Panels market is segmented on the basis of:
Types
Monocrystalline Silicon Rooftop Solar Panel, Polycrystalline Silicon Rooftop Solar Panel, Thin-Film Rooftop Solar Panel
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, Corporate, Hospital, Others
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, Inc
- CSUN Solar Tech Co.，Ltd
- Hanwha SolarOne Co. Ltd.
- JA Solar Holdings
- JinkoSolar Holding Co., Ltd
- Motech Industries, Inc
- ReneSola Zhejiang Ltd
- Sharp Corporation
- SunEdison, Inc
- Tesla
- SoloPower Systems, Inc
- SunPower Corporation
- Tata Power Solar Systems Ltd
- CELL SOLAR
Highlights of The Rooftop Solar Panels 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:
- Monocrystalline Silicon Rooftop Solar Panel
- Polycrystalline Silicon Rooftop Solar Panel
- Thin-Film Rooftop Solar Panel
- By Application:
- Residential
- Corporate
- Hospital
- Others
- 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 Solar Panels 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?
Rooftop solar panels are a type of photovoltaic (PV) panel that are installed on the roof of a building to generate electricity. They use sunlight to create energy, which can then be used to power things like lights and appliances in a building. Rooftop solar panels are becoming more popular because they're an environmentally friendly way to generate electricity, they're cheaper than traditional electric bills, and they can help reduce greenhouse gas emissions.
Some of the key players operating in the rooftop solar panels market are Canadian Solar, Inc, CSUN Solar Tech Co.，Ltd, Hanwha SolarOne Co. Ltd., JA Solar Holdings, JinkoSolar Holding Co., Ltd, Motech Industries, Inc, ReneSola Zhejiang Ltd, Sharp Corporation, SunEdison, Inc, Tesla, SoloPower Systems, Inc, SunPower Corporation, Tata Power Solar Systems Ltd, CELL SOLAR.
The rooftop solar panels 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 Rooftop Solar Panels 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 Solar Panels Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rooftop Solar Panels 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 Solar Panels 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 Solar Panels Market Size & Forecast, 2020-2028
4.5.1 Rooftop Solar Panels Market Size and Y-o-Y Growth
4.5.2 Rooftop Solar Panels 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 Monocrystalline Silicon Rooftop Solar Panel
5.2.2 Polycrystalline Silicon Rooftop Solar Panel
5.2.3 Thin-Film Rooftop Solar Panel
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 Corporate
6.2.3 Hospital
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rooftop Solar Panels 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 Solar Panels 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 Monocrystalline Silicon Rooftop Solar Panel
9.6.2 Polycrystalline Silicon Rooftop Solar Panel
9.6.3 Thin-Film Rooftop Solar Panel
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 Corporate
9.10.3 Hospital
9.10.4 Others
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 Monocrystalline Silicon Rooftop Solar Panel
10.6.2 Polycrystalline Silicon Rooftop Solar Panel
10.6.3 Thin-Film Rooftop Solar Panel
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 Corporate
10.10.3 Hospital
10.10.4 Others
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 Monocrystalline Silicon Rooftop Solar Panel
11.6.2 Polycrystalline Silicon Rooftop Solar Panel
11.6.3 Thin-Film Rooftop Solar Panel
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 Corporate
11.10.3 Hospital
11.10.4 Others
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 Monocrystalline Silicon Rooftop Solar Panel
12.6.2 Polycrystalline Silicon Rooftop Solar Panel
12.6.3 Thin-Film Rooftop Solar Panel
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 Corporate
12.10.3 Hospital
12.10.4 Others
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 Monocrystalline Silicon Rooftop Solar Panel
13.6.2 Polycrystalline Silicon Rooftop Solar Panel
13.6.3 Thin-Film Rooftop Solar Panel
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 Corporate
13.10.3 Hospital
13.10.4 Others
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 Solar Panels Market: Competitive Dashboard
14.2 Global Rooftop Solar Panels Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Canadian Solar, Inc
14.3.2 CSUN Solar Tech Co.，Ltd
14.3.3 Hanwha SolarOne Co. Ltd.
14.3.4 JA Solar Holdings
14.3.5 JinkoSolar Holding Co., Ltd
14.3.6 Motech Industries, Inc
14.3.7 ReneSola Zhejiang Ltd
14.3.8 Sharp Corporation
14.3.9 SunEdison, Inc
14.3.10 Tesla
14.3.11 SoloPower Systems, Inc
14.3.12 SunPower Corporation
14.3.13 Tata Power Solar Systems Ltd
14.3.14 CELL SOLAR
