Solar Rooftop Market by Product and Application - Global Industry Analysis and Forecast to 2022 Growth by Top Companies: Trina Solar (China), SMA Solar Technology AG (Germany), SolarWorld AG (Germany)

This study provides insights about the Solar Rooftop Market in regards to its uses and benefits. We at Crystal Market Research (CMR) provide updated information that is beneficial in decision making regarding business investments.

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.

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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Industry Trend Analysis:
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. Solar rooftops particularly in the residential application is propelling this market further.

End User Outlook and Trend Analysis:
The market based on end user application is typically segmented into residential, commercial and industrial. Increasing demand for uninterrupted and reliable electricity supply from urban areas will support the residential application market. In fact, in 2016, Sweden Government declared 60% subsidy to cloak the cost of installation in residential energy storage system which included solar systems. Escalating investment towards expansion of green building constructions will impel the commercial solar rooftop market. In 2016, France set up novel tenders for installing PV systems on industrial and commercial buildings to gain 20.2 GW OV capacity by 2023. Europe announced 2010/31/EU directive, with a motive to make sure that all novel constructions to be net zero buildings by 2020.

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Regional Outlook and Trend Analysis:
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.

Major Points Covered in 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

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