Rooftop Solar Panel Market Trends, Industry Size, Analysis, Growth and Forecast 2025

The global rooftop solar panel market size was valued at USD 18,375 million in 2018 and expected to register a CAGR 7.7% during the forecast period. The market is rapidly growing and is showing promising growth opportunities during forecast period majorly due to the increasing energy demand across the globe. It is witnessing positive growth owing to the reduction in the price of the rooftop solar panel. Furthermore, awareness among people and government incentives are boosting the demand for rooftop solar panel across the globe. The growth of rooftop photovoltaics is tremendously dynamic and varies strongly by country. In 2016, the cumulative photovoltaic capacity increased by 71 gigawatts (GW) and reached at least 291 GW. The top installers of 2016 were China, the US, and India. Apart from this, favorable initiatives by the European and North American government to support the growth of rooftop solar panel market globally establish a strong platform for the rooftop solar panel market.

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The key players in the global rooftop solar panel market include Canadian Solar, China sunergy, DelSolar, Evergreen Solar, First Solar, Hanwha SolarOne, JA Solar, Jinko solar, Juwi AG, Kyocera, and so on.

There are some constraints in the growth of the market such as lack of proper energy storage and energy transportation facility and the high cost of installation. Emerging market such as India and China are creating enormous opportunity for the market which will significantly contribute to the growth of the market in near future. In addition, no entry barrier for new entrants and advancement in technology are some opportunity for the global rooftop solar panel market. The report includes detailed market overview, analyst insights, market determinants, market segmentation, geographical analysis, strategic recommendations, key company analysis, key findings, market insights, solar panel market analysis and company profiling.

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Geographically market is divided into North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific region is leading the rooftop solar panel market followed by North America and Europe majorly due to the rising environmental concern such as global warming and reduction in the rooftop solar panel costs in the region. Governments of the China and India have been highly supportive for installation of the rooftop solar panel, creating an encouraging regulatory environment for companies in the APAC market. Additionally, Europe region is showing significant growth in rooftop solar panel market. These market players are adopting various strategies such as merger & acquisition, collaboration & Partnership, and product launch to stay competitive in the market. For Instance, in 2017, SharpSolar entered into an agreement with Impact solar limited to construct a roof-top solar system for Big C*1, one of Thailand's hypermarket retailers.

Market Segmentation

Rooftop Solar Panel Market by Types

Monocrystalline Silicon Rooftop Solar Panel
Polycrystalline Silicon Rooftop Solar Panel
Thin-Film Rooftop Solar Panel
Amorphous Silicon (a-Si)
Cadmium Telluride (CdTe)
Copper Indium Gallium Selenide (CIS/CIGS)
Other Solar Panel

Rooftop Solar Panel Market by End-User

Household Sector
Corporate Sector

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