Solar Rooftop Market to Grow At a CAGR of 9.70% during the Period 2012 – 2022
Crystal Market Research (CMR) render to you profound details in respect to leading Participants, Regions, and Products type of the Solar Rooftop Market which is estimated to encounter substantial growth over the forecast period 2012 - 2022.
Competitive Outlook and Trend Analysis:The major market players of the global solar rooftop market are Trina Solar (China), SMA Solar Technology AG (Germany), SolarWorld AG (Germany), Yingli Green Energy Holding Company Limited (China), Shunfeng International Clean Energy Limited. (China), Canadian Solar Inc. (Canada), JA Solar Holdings Co., Ltd. (China), Jinko Solar (China), ABB Ltd. (Switzerland), SunPower Corporation (U.S.), Delta Energy Systems (Germany), and Tata Power Solar Systems Limited (India). So as to strengthen their positions, these market players are directing money into R&D for developing new products. They might also think over strategic mergers and acquisitions in order to expand client pool, product portfolio and enhance outreach.
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The global solar rooftop market is segmented as follows:
By Product:On-Grid Type
Off- Grid Type
Off- Grid Type
By Application:Industrial
Commercial
Residential
Commercial
Residential
Regional Insights:North America is accountable for major market share in the global segment of solar rooftop owing to fast adaptation of the TPO model. Moreover, this region is predicted to maintain its predominant share owing to rooftop installations garnering further traction. Europe solar rooftop market is also soaring gradually is expected to sustain its position during the forecast period due to elevating compliance for green energy and high adoption of solar energy. Various governments in Europe are rendering tax benefits to the market manufacturers which is resulting in the lucrative growth of this market. Because of several government schemes like direct capital subsidies, financing schemes, and green electricity schemes, Germany leads the European market of solar rooftops. Asia Pacific also holds a significant market for rooftop solar panels which is experiencing a considerable growth owing to surge in solar rooftop installations, more funding from the government and high energy demands. In Asia Pacific, Japan leads the market due to sustainable building demands and tax benefits. Furthermore, surplus consumer base, high GDP growth, developing infrastructure, and sustainable energy requirements in India and China are encouraging the growth of this market industry in Asia Pacific.
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Industry Trend Analysis:In 2012, the solar rooftop market was valued around USD 1.48 billion and is anticipated to reach approximately USD 4.14 billion by 2022, while registering at a significant compound annual growth rate (CAGR) of 9.70% during the forecast period. A solar rooftop transforms the light energy from the sun into electrical energy with the help of solar panels mounted on the roof on any construction. These rooftop solar panels can either be off-grid with the battery storage or connected to the grid. They are used in several commercial, residential and industrial purposes along with system ratings of up to 10 kW, 11kW-100MW and over 100 MW, respectively. The extreme need for energy in the face of diminishing fossil fuels, has resulted in application of solar rooftop panels in many segments. Apart from rendering energy efficient solutions, these solar panels are also easy and user-friendly to install. In the recent past, the demand for solar rooftops is has progressively increased and is projected to grow with a striking profit. These systems have been leading the renewable energy market due to its escalating demand from its end user applications.
Major Table of Contents:1.Introduction
2.Executive Summary
3.Market Overview
4.Solar Rooftop Market, By Product
5.Solar Rooftop Market, By Application
6.Solar Rooftop Market, By Region
7.Company Profiles
...
Major Table of Contents:1.Introduction
2.Executive Summary
3.Market Overview
4.Solar Rooftop Market, By Product
5.Solar Rooftop Market, By Application
6.Solar Rooftop Market, By Region
7.Company Profiles
...
Growth Booster of Market:Solar rooftops particularly in the residential application is propelling this market further. In the past decade, there has been a steady downfall in the cost of major elements such as poly-silicone, silver that are used in the process of manufacturing of solar cells. Owing to higher electricity generating capacity, rooftop solar panels are becoming a priority option for alternate energy, surpassing other green sources of energy. Because of such advantages, this industry’s market is booming. Governments from various regions are offering tax sops in order to deploy solar panels to create heat, this factor is promoting the further growth of this market. Therefore, both public and private investors are channeling money into the major companies that are involved in manufacturing these panels. However, lack of smart grid infrastructure is said to hinder the growth of this market to some extent. This results in making them inviable for supplying the energy on a bigger scale. Moreover, the market is being put off by the negative sentiments related to the net metering policies meant for setting up these panels.
List of Tables:Table 1.Solar Rooftop Market, By Product ($Million), 2012-2022
Table 2.On-Grid Type Market, By Region ($Million), 2012-2022
Table 3.Off- Grid Type Market, By Region ($Million), 2012-2022
Table 4.Solar Rooftop Market, By Application ($Million), 2012-2022
Table 5.Industrial Market, By Region ($Million), 2012-2022
Table 6.Commercial Market, By Region ($Million), 2012-2022
Table 7.Residential Market, By Region ($Million), 2012-2022
...
Table 2.On-Grid Type Market, By Region ($Million), 2012-2022
Table 3.Off- Grid Type Market, By Region ($Million), 2012-2022
Table 4.Solar Rooftop Market, By Application ($Million), 2012-2022
Table 5.Industrial Market, By Region ($Million), 2012-2022
Table 6.Commercial Market, By Region ($Million), 2012-2022
Table 7.Residential Market, By Region ($Million), 2012-2022
...
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Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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