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Rooftop Solar Photovoltaic (PV) Installation Market Size, Share, In-Coming Trends, and Key Players - Suntech Power Holding Co Ltd, First Solar Inc, etc
Rooftop Solar Photovoltaic (PV) Installation Market
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For the purpose of analysis, the rooftop solar photovoltaic (PV) installation market analysis is segmented into deployment, technology, grid type end-use, and region. On the basis of technology, it is bifurcated into Thin Film and Crystalline Silicon, and crystalline silicon is further classified into monocrystalline and multicrystalline. On the basis of grid type, it is classified into Off-grid and grid-connected, and grid-connected is further bifurcated into centralized and decentralized. The end use covered in the study includes residential, commercial, and industrial. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the global rooftop solar photovoltaic (PV) installation market are Suntech Power Holding Co. Ltd, First Solar Inc., Yingli Green Energy Holding Co. Ltd., Canadian Solar Inc., Sharp Corporation, Solar World Ag, Jinko Solar Holding Company Ltd., and Trina Solar Ltd.
Other players operating in the global rooftop solar photovoltaic (PV) installation industry are Aneka Corporation Ltd., Kyocera Corporation, Panasonic Corporation, Renesola Co. Ltd., BP Solar International, and Bloo Solar Inc.
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COVID-19 impact on the market
The lockdown imposed due to the outbreak of the COVID-19 pandemic resulted in a temporary ban on import & export and manufacturing & processing activities across various industries and electrical utilities, which decreased the demand for electricity from these consumers. Regardless of this strength, renewables' growth is anticipated to decrease. The globe is set to include 67 gigawatts (GW) of renewable power capacity. This decrease reflects delays in construction due to supply chain disturbances, lockdown actions, and also social distancing guidelines, along with emerging financing obstacles. According to the International Energy Agency forecast, utility-scale solar PV projects are expected to rebound as most of the projects are already financed and under construction. However, setups of rooftop solar PV for companies and homes might continue to be disrupted in the medium term without strong government assistance.
Key Findings Of The Study
• By region, Asia-Pacific accounted for the largest market share in 2020.
• By deployment, the ground-mounted segment holds the largest market share in 2020.
• By technology, the crystalline silicon segment accounted for the largest market share in 2020.
• By grid type, the grid-connected segment accounted for the largest market share in 2020.
• By end use, the industrial segment accounted for the largest market share in 2020.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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