Solar
Rooftop Market Overview
The worldwide solar rooftop market is a very dynamic
market. It is likely to experience increased growth during the forecast period.
In the last few years, the requirement for solar rooftop systems has gradually
surged and it is estimated to witness prominent growth in the future. The worldwide solar rooftop sales market is estimated to develop at
20.14% CAGR over the forecast period.
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 fueling the solar
rooftop market. Since last decade, a consistent drop in the prices of key
elements such as, poly-silicone and silver has been driving the solar systems
market since poly-silicone and silver find wide application in the
manufacturing technique of solar cells. Solar rooftop systems play crucial role
in reducing harmful emissions, reducing the overall energy bills, and
conducting noise less operations. A consistent drop in the prices of industrial
commodities employed to create solar panels coupled with the surging inflation
in natural gas & electricity, is playing a significant role in encouraging
the growth of the global solar rooftop market.
Market
Segmentation
The
global solar
rooftop market research has been segmented based on connectivity,
end-users, and capacity. 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 market 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. 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).
About Market Research Future:
At
Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed
Research (CFR), and Market Research & Consulting Services.
NOTE: Our team of researchers are studying Covid19 and its
impact on various industry verticals and wherever required we will be
considering covid19 footprints for a better analysis of markets and industries.
Cordially get in touch for more details.
No comments:
Post a Comment