Press release
Global Rooftop Solar Panel Market Share, Trends and Forecast to 2023
A full report description of Global Rooftop Solar Panel Market at https://www.omrglobal.com/industry-reports/rooftop-solar-panel-market
Further, fluctuation in crude oil price has been majorly contributing to the increase in adoption of the rooftop solar panel. As per OMR Analysis, total net installation was 92.4 GW (gigawatt), in which 27.5 GW of rooftop solar panel was installed in 2017. In global solar panel market, rooftop solar panel held nearly 30% of market share. Moreover, the market is anticipated to grow at a CAGR of 7.7% over the forecast period. Global net installation is estimated to reach 135.5 GW in 2023 attributed to increasing rooftop solar panel installation in household and corporate sector; thereby, driving the rooftop solar panel market growth across the globe.
Request a Free Report on Sample of Global Rooftop Solar Panel Market at https://www.omrglobal.com/request-sample/rooftop-solar-panel-market
The reduction in the price of rooftop solar panel in the last decade is probably the greatest driver of the global rooftop solar panel market. Rooftop Solar Panel are penetrating significantly from various commercial to household applications across the globe. This has been made possible due to reducing the cost of solar panels over the last decade. A significant decline in the cost of Rooftop Solar Panel has been observed in the past years. NREL has accounted for all system and project development costs incurred during the installation of residential, commercial, and utility-scale systems.
NREL stated the cost of PV Rooftop Solar Panel used in the different application. As per NREL, average PV cost of residential systems in 2017, was around $2.80 per watt DC (/W DC), and commercial PV systems would cost around $1.85/W DC. Additionally, the cost of fixed-tilt utility-scale systems and one-axis-tracking utility-scale systems is around $1.03/W DC and $1.11/W DC respectively in the same years. There has been a sharp decline in the cost of these PV systems when compared with the cost in 2010. According to the data provided by NREL, around 61%, 65.4%, 77.5%, and 80% reduction in the cost of residential, commercial, fixed-tilt utility scale, and one-axis tracker utility-scale PV systems have been observed between 2010 and 2017.
Current Market Trends Covered in the Global Rooftop Solar Panel Market Report
• Based on the types, the polycrystalline solar panel segment is estimated to hold a dominating market share during the forecast period.
• Based on the end-user, corporate sector held the largest market share in the global rooftop solar panel market in 2018.
• Asia-Pacific is estimated to dominate the global rooftop solar panel industry during the forecast period.
Global Rooftop Solar Panel Market Segmentation
By Type
• Monocrystalline Silicon Rooftop Solar Panel
• Polycrystalline Silicon Rooftop Solar Panel
• Thin-Film Rooftop Solar Panel
• Other Rooftop Solar Panel
By End-User
• Household Sector
• Corporate Sector
Global Rooftop Solar Panel Market – Segment by Region
North America
• US
• Canada
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East and Africa
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/rooftop-solar-panel-market
For More Information, Visithttps://www.omrglobal.com
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. AnuragTiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 780-304-0404
About Orion Market Research
Orion Market Research (OMR) is an Indian market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Rooftop Solar Panel Market Share, Trends and Forecast to 2023 here
News-ID: 2092958 • Views: …
More Releases from Orion Market Research
Used Cooking Oil Market Development, Industry Trends, Demand and Growth Analysis …
The global Used Cooking Oil (UCO) Market was valued at approximately USD 6.1 billion in 2023 and is projected to reach around USD 11.8 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of about 7.5% from 2024 to 2032.
Used Cooking Oil Market Overview
The Used Cooking Oil Market is gaining traction globally, driven by rising demand for sustainable biofuels, particularly biodiesel. Governments and environmental bodies are…
Loader Buckets Market to see Huge Growth by 2028
Market experts do detailed market study about entire market from several angles to depict the most updated and key market data to form this detailed Loader Buckets Market research report and help startups to reinforce their presence. This report further aims at covering vital data and figures on major areas such Asia Pacific, North America, Middle East, Europe, Latin America and Africa. Business participants can also obtain larger gains as…
Probiotics Supplement Market Trends, Business Overview, Industry Growth and Fore …
The global probiotics supplement market is anticipated to grow at a significant CAGR of 7.2% during the forecast period (2022-2028). The rising consumer awareness for healthcare and fitness with rising disposable income, are likely to drive the market growth. Probiotics enable to maintenance of a healthy balance of gut flora and have been linked to a variety of health advantages, including weight loss, digestive health, and immunological function. The market…
Brick Pavers Market Top Leading Players with Strategies and Forecast 2028
Brick Pavers Market Size, Share & Trends Analysis is a professional and in-depth study on the current state of the global Brick Pavers market with a focus on the market. The report provides key statistics on market of Brick Pavers. It is a valuable source of guidance and direction for companies and individuals interested in Brick Pavers industry.
Key Players
Belgard
Acme Brick Company
The Belden Brick Company
Wienerberger
Pine Hall Brick
Redland Brick
By Type
General Brick Pavers
Wall…
More Releases for Rooftop
Rooftop Tent Market Research Report 2028 | Valuates Reports
The global Rooftop Tent market was valued at US$ 220 million in 2021 and will reach US$ 311 million by the end of 2028, growing at a CAGR of 5.94% from 2022 to 2028.
Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-14C6278/Global_Rooftop_Tent_Sales_Market_Report_2021
Major Trends in Rooftop Tent Market
A rooftop tent is a roof-mountable addition that frees up the interior load space while allowing customers to sleep above the vehicle in a degree of safety and comfort.
A…
Solar Rooftop Market: A Comprehensive Analysis | MRFR Research
The solar rooftop market is proliferating on the global platform. The continually growing energy demand and wide adoption of solar rooftops in residential, commercial, infrastructural, and industrial sectors worldwide impact the market growth positively.
Besides, the development of solar parks, funding support for domestic cells & modules, and schemes for grid-connected solar rooftop manufacturing influence the market growth. Rise in solar panel installations and growing government initiatives for infrastructure…
Rooftop Photovoltaic (PV) System Market for Rooftop Photovoltaic Systems 2024 to …
The Report on "Rooftop Photovoltaic (PV) System Market" provides Key Benefits, Market Overview, Regional Analysis, Market Segmentation, Future Trends Upto 2030 by Infinitybusinessinsights.com. The report will assist reader with better understanding and decision making.
The Rooftop Photovoltaic (PV) System Market is witnessing rapid expansion driven by the increasing adoption of solar energy, renewable energy mandates, and sustainability goals in residential, commercial, and industrial sectors worldwide. Rooftop PV systems, also known as…
India Solar Rooftop Market Key technologies 2029
India Solar Rooftop Market is expected to reach 151 GW by 2026 with a CAGR of 80%, during the forecast period.
India Solar Rooftop Market Report Scope and Research Methodology
The comprehensive analysis report offers valuable insights into the dynamics, trends, and future prospects of the India Solar Rooftop Market during the forecast period. It covers key market drivers, challenges, and recent developments, along with demand trends, growth stimulators, spending patterns, and…
Rooftop Tent Market Research Report 2028
Rooftop Tent Market Outlook - 2028
The global Rooftop Tent market was valued at US$ 220 million in 2021 and will reach US$ 311 million by the end of 2028, growing at a CAGR of 5.94% from 2022 to 2028.
Major Trends in Rooftop Tent Market
A rooftop tent is a roof-mountable addition that frees up the interior load space while allowing customers to sleep above the vehicle in a degree of safety…
Solar Rooftop System Sales In Global Market: By Connectivity Type - On-Grid Sola …
Researchmoz added Most up-to-date research on "Solar Rooftop System Sales In Global Market: By Connectivity Type - On-Grid Solar Rooftop Systems & Off-Grid Solar Rooftop Systems" to its huge collection of research reports.
In this report, the global Solar Rooftop System market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016…
