Mexico Rooftop Solar Market Research Report Segmented by Applications, Geography, Trends and Projection 2025-Enlight Mexico, Bright Mexico, Tesla Inc, SunPower Corporation

Mexico Rooftop Solar Market by Component, Application, Services, and Region- Forecast to 2025

The Global Mexico Rooftop Solar Market Research Report 2021-2025 published by MarketInsightsReports is a significant source of keen information for business specialists. It furnishes the Mexico Rooftop Solar business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the Mexico Rooftop Solar worth chain and its wholesaler examination. Mexico Rooftop Solar Market study gives extensive information which upgrades the agreement, degree, and use of this report.

The Mexico rooftop solar market is expected to grow at a CAGR of more than 16% over the forecast period.

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Top Leading Companies of Mexico Rooftop Solar Market are Enlight Mexico, Bright Mexico, Tesla Inc, SunPower Corporation, Positive Energy Solar, 3Tek SOLAR and others.

-Industry News And Updates on Mexico Rooftop Solar Market-

Increasing Deployment of Solar Energy is Expected to Drive the Market

- Mexicos national policy includes clean energy goals. The ultimate aim of these goals is to increase the proliferation of renewable energies as a percentage of Mexicos total electricity generation.

- Solar energy has established itself as one of the renewable energies with the largest presence in Mexico. The countrys solar PV installed capacity was 4440 MW in 2019 and holds a growth rate of more 70% from 2018.

- As of 2019, Mexicos renewable power generation has reached 37.8 TWh, with the highest generation. Among this, solar energy accounted for 12.4 TWh of power generation in the country. Hence, an increase in the share of solar power generation in the countries energy mix is likely to have a positive impact on the rooftop solar market over the forecast period.

-Key Market Trends Mexico Rooftop Solar Market-

Residential Segment to Dominate the Market

- The Mexican government aims to produce more than one-third of its electricity from clean energy over the coming years and cut carbon emissions by 22% by 2030. Hence, the dependency of the solar PV rooftop system in the residential segment is expected to grow further.

- Distributed solar power generation registered significant growth rate during the period 2018-2019; it grew to an installed capacity of 693 MW from 94,893 rooftop solar systems in June 2019, up from 570 MW installed in December 2018 from 85,000 installations.

- The residential segment with high power consumption is one of the main drivers in the Mexican rooftop solar market. In addition, a combination of a massive solar resource with a related reduction in PV system costs has contributed to fast growth in this segment in Mexico.

-Competitive Landscape On Mexico Rooftop Solar Market-

The Mexico rooftop solar market is moderately consolidated. Some of the key players in the market include Enlight Mexico, Bright Mexico, Tesla Inc, SunPower Corporation, and Positive Energy Solar.

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