Solar
Rooftop Market: Synopsis
The detailed report published by Market Research
Future (MRFR) projects that the global solar rooftop market is marked to
exhibit remarkable expansion at a CAGR of 20.14% during the forecast period
from 2017 to 2023. Increased utilization of renewable energy sources due to the
rapid depletion of non-renewable sources which is leading to major energy
crisis, high demand for electricity as a result of rapid industrialization and
expansion of commercial sector, increase in government initiatives for optimum
utilization of solar energy to carry out various functions in public
infrastructures and high adoption rate of solar water heaters in residential
buildings are majorly propelling the growth of the global solar rooftop market
during the assessment period.
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Segmental
Analysis
The global solar rooftop market has been segmented
on the basis of capacity, connectivity, and end-users.
Based on capacity, the global solar rooftop market
has been segmented into >10 kW, 11 kW-100 kW, and <100 kW. Among these,
the 11 kW-100 kW segment commands the major share of the global solar rooftop
market. This segment is also anticipated to expand at the fastest growth rate
in the global solar rooftop market during the assessment period.
Based on connectivity, the global solar rooftop
market has been segmented into on-grid and off-grid. Based on end users, the
global solar rooftop market has been segmented into residential, commercial,
and industrial.
Key
Players
The key market players profiled by market Research
Future (MRFR) that are operating in the global solar rooftop market are SMA
Solar Technology AG (Germany), Trina Solar (China), Canadian Solar Inc.
(Canada), Yingli Green Energy Holding Company Limited (China), Jinko Solar
(China), SolarWorld AG (Germany), SunPower Corporation (the U.S.), Delta Energy
Systems (Germany), Shunfeng International Clean Energy Limited (China), Tata
Power Solar Systems Limited (India), JA Solar Holdings Co., Ltd. (China) and
ABB Ltd. (Switzerland).
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Solar
Rooftop Regional Market Analysis
Geographically, the global solar rooftop market has
been segmented into four major regions such as Asia Pacific (APAC), North
America, Europe, and the rest of the world.
The Asia Pacific region commanded the major share of
50 percent in the global solar rooftop market during the year 2016. The solar
rooftop market in this region is also anticipated to expand at the fastest
growth rate during the assessment period of 2017-2023. The factors such as
increased utilization of renewable energy sources due to the rapid depletion of
non-renewable sources which is leading to major energy crisis, high demand for
electricity as a result of rapid industrialization and expansion of commercial
sector, increase in government initiatives for optimum utilization of solar
energy to carry out various functions in public infrastructures and high
adoption rate of solar water heaters in residential buildings are majorly
propelling the growth of the global solar rooftop market in the Asia Pacific
(APAC) region. Rapid adoption of innovative solutions as alternatives for
non-renewable energy sources and high demand for energy due to rapid
industrialization, urbanization, and rise in population are fueling the growth
of the global solar rooftop market in the North America region.
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Future:
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