Insights on Global Rooftop Solar PV Market Size, Share, Trends and Future Growth Predictions

A new research report titled, “Rooftop Solar PV Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” has been added to the comprehensive repository of Market Research Reports Search Engine (MRRSE). The report presents an overall growth trajectory of the global rooftop solar PV systems. The uniqueness of this report lies in the market share investigation and keeping in mind that working widely on this report, our master group of investigators have secured master approval, item mapping, segmental income, and vendor financials.

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Rooftop solar PV systems consist of solar PV panels and balance of system, which comprises transformers, electricity systems, and monitoring and mounting equipment along with mounting and installing modules. Rooftop solar PV systems are increasingly getting popular as they provide off-grid and on-grid flexibility. The use of rooftop solar PV demand is spreading quickly in the emerging markets, the policy environment is providing optimal opportunity in the developed and developing geographies. The continuing growth and geographical expansion of solar PV demand has driven decline in solar modules prices globally, this further assisted in the capacity additions of solar PV additions. Rise in demand for renewable energy and the electricity generation adding the growth in the global solar PV market.

Rooftop solar systems can be installed at various locations, such as household and commercial building rooftops and above parking spaces, using balance of system including inverters, transformers, wiring, and monitoring equipment, making them a convenient option. The Energy Payback Time (EPBT) for 2 kWp rooftop solar systems is around two to three years, thus making these systems an economically viable and efficient alternative. Distributed PVs (DPVs) with a capacity of less than 100 kW are preferred for rooftop solar systems. However, as the difficulties with FIT persist for DPV, solar leasing has gained popularity and is expected to boost the rooftop solar market. Rooftop solar continues to depend on different incentive mechanisms that drive the demand such as technology-specific renewable portfolio standards (RPS) and tenders, tax credits, traditional feed-in tariffs or Power Purchase Agreements (PPAs), as well as premiums for the feed-in of excess power generated in self-consumption systems.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global rooftop solar PV market. Porter’s five forces model for the solar rooftop PV market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.

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The study provides a decisive view of the global rooftop solar PV market by segmenting it in terms of application. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for rooftop solar PV in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The study includes profiles of major companies operating in the rooftop solar PV market. Key players in the rooftop solar PV market include Sharp Corporation, Trina Solar, Pristine Sun LLC, Solimpeks Corporation, Kyocera Corporation, JA Solar Co. Ltd., Yingli Solar, Vikram Solar, Canadian Solar Limited, RelyOn Solar Pvt Ltd. and Sunshot Solar Co. Ltd. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, recent developments, and SWOT analysis.

The report provides the estimated market size of rooftop solar PV for 2016 and forecast for the next nine years. The global market size of rooftop solar PV has been provided in terms of revenue. Market numbers have been estimated based on application segments of rooftop solar PV market. Market size and forecast for each application have been provided in terms of global and regional markets.

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