Germany Rooftop Solar Panel Market Size, Share, Growth, Analysis and Forecast to 2025
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The companies which are contributing to the growth of the Germany rooftop solar panel market include SCHOTT AG, Juwi Holding AG, IBC Solar AG, centrotherm international AG, and aleo (SAS Group).
According to the Solar Trade Organization, after the implementation of tariffs the solar power generation in Germany increased by 255%. This is expected to increase the adoption of solar power for domestic and commercial purposes, thereby creating opportunities for the growth of the market over the forecast period. Furthermore, in terms of share occupied, Germany is leading the European market followed by Italy and the UK. In terms of installations, Germany witnessed a total installation of 42,394 MW in 2017. It witnessed a growth of 4.1% as compared to 2016. As the overall market augments, it is expected to create opportunities for the growth of the market in the future.
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The rooftop solar panel market is segmented on the basis of solar panel types and end-user. Based on solar panel types, the market is segmented into monocrystalline silicon rooftop solar panel, polycrystalline silicon rooftop solar panel, thin-film rooftop solar panel, and others. Among these, the polycrystalline silicon rooftop solar panel contributes a significant share in the market, attributed to its advantages over other solar panels such as cost-effective and better efficiency. Based on end-user, the market is segmented into the household sector and the corporate sector. The corporate sector held a substantial share in the market in 2018. This is due to the high installation of rooftop solar panels in the corporate sector consisting of government projects and industrial general electricity applications.
Germany Rooftop Solar Panel Market Segmentation
Germany Rooftop Solar Panel Market by Type
o Monocrystalline Solar Panel
o Polycrystalline Solar Panel
o Thin-Film Crystalline Solar Panel
o Amorphous Silicon (a-Si)
o Cadmium Telluride (CdTe)
o Copper Indium Gallium Selenide (CIS/CIGS)
o Other Solar Panels
Germany Rooftop Solar Panel Market by End-User
o Household Sector
o Corporate Sector
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