Solar Rooftop Sales Market Overview
The worldwide solar rooftop market is a
very dynamic market. It is likely to experience increased growth during the
forecast period. A solar rooftop photo voltaic (PV) system transforms sun’s
light energy into electricity power by the means of solar rooftop installed on
rooftop of a building.
Solar rooftop systems have been leading
the renewable energy market due to its growing demand from its end-use markets. The
worldwide growing demand for solar systems, mostly in residential rooftop usage
is also fuelling the solar rooftop market. The worldwide solar rooftop market is estimated to develop at 20.14%
CAGR over the forecast period.
Global Solar Rooftop Sales Market
Segmentation
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 dominates the global solar rooftop market. This segment is
also projected to develop at a rapid rate within the global solar rooftop
market over the forecast period.
Based on connectivity, the global solar rooftop market has
been segmented into off-grid and on-grid.
Based on end users, the worldwide solar rooftop market has
been segmented into commercial, industrial, and residential.
Regional Analysis
On regional basis, the worldwide Solar
Rooftop Sales Market Research has been segmented into four key regions
such as Europe, North America, Asia Pacific (APAC), and the rest of the world.
The Asia Pacific market represented a share of 50 percent
in the worldwide solar rooftop market during 2016. The demand for solar rooftop
in this market is also expected to grow at a rapid rate over the forecast
period 2017 to 2023. Application of renewable energy sources owing to the fast
depletion of non-renewable sources is leading to major energy crisis. Surged
demand for electrical power as a result of rapid expansion of commercial sector
coupled with industrialization, growth in government initiatives for optimum
usage of solar energy to carry out several operations in public infrastructures
and increased adoption rate of solar water heaters in residential buildings are
primarily driving the demand of the global solar rooftop in the Asia Pacific
(APAC) market. Surged demand for energy owing to rapid urbanization,
industrialization, collectively with rapid adoption of advanced solutions as
alternatives for non-renewable energy sources and the growth in population are
propelling the demand for global solar rooftop market in the North America
market.
Key Players
Global solar rooftop market is dominated by key players
such as Trina Solar (China), SMA Solar Technology AG (Germany), Canadian Solar
Inc. (Canada), Yingli Green Energy Holding Company Limited (China), Jinko Solar
(China), SunPower Corporation (U.S.), SolarWorld AG (Germany), Tata Power Solar
Systems Limited (India), Shunfeng International Clean Energy Limited (China),
JA Solar Holdings Co., Ltd. (China), ABB Ltd. (Switzerland), and Delta Energy
Systems (Germany).
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