Press release
Rooftop Solar PV Market: Increasing Awareness for Clean Energy Propels Market at 11.0% CAGR from 2015 to 2023
According to the latest market study released by Transparency Market Research (TMR) on the global rooftop solar PV market, the market is slated to develop at a CAGR of 11.0% from 2015 to 2023. If the figure holds true, the market, which had a valuation of US$1.7 bn in 2014, will be worth US$4.5 bn by 2023.The title of the report is “Rooftop Solar PV Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023” and it is available for sale on the company website.The reason for the growing utilization of rooftop solar PV systems lies in their foremost advantage as an efficient, emission-free renewable energy source that can be used in both on-grid as well as off-grid systems, says the report. The easy installation of these panels on the rooftop of residential or commercial buildings also adds to the advantage of this energy source.In a typical setup, a rooftop solar PV system comprises solar photovoltaic panels and a combination of energy-centric equipment, which include transformers, monitoring and mounting equipment, and electricity systems, among others. The solar panel is constructed from solar cells utilizing silicon; polycrystalline and monocrystalline are the two major silicon types that are used in the construction of these panels.
View exclusive Global strategic Business report : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3160
The rooftop solar PV market has rapidly developed over the past few years due to several reasons – firstly, these systems are an effective and efficient way to reduce the dependency on conventional fuels, thereby curbing greenhouse gas emissions considerably. Support from governmental and environmental agencies that are encouraging the use of renewable energy sources such as solar and wind is aiding the growth of this market. More so, in countries that are close to the equator and experience sunshine for a major part of the year, subsidies and tax benefits are offered for the utilization of solar energy through rooftop solar systems. In several countries, the production capacity of rooftop electricity has been at par with grid capacities, a major boost for the rooftop solar PV market in these countries.
The increasing popularity of rooftop solar systems is also attributed to their flexibility in terms of the surface of installation and thus they are available on a lease-based contract if desired. With the energy payback time for these systems on a consistent drop, the market receives a further boost. In the last couple of years, heavy investments from equity and public parties have strengthened the proceedings of the global market for rooftop solar PV.
The global rooftop solar PV market is divided based on end use and geography. By end use, commercial and residential are the segments of this market. Between the two, the residential segment led the market with a 61.2% share in the market in 2014. The availability of rooftop solar systems via lease-contract and third party models has increased the use of these units for residential energy needs. In the commercial segment, undertakings for rooftop solar projects for government buildings are mainly driving this segment of the rooftop solar PV market.
Browse the full Rooftop Solar PV Market, by End-use (Residential and Commercial) -Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023 report at http://www.transparencymarketresearch.com/rooftop-solar-pv-market.html
The global rooftop solar PV market has been segmented as follows:
Rooftop Solar PV Market: By End-use
Residential
Commercial
Rooftop Solar PV Market: By Region
North America
Europe
Asia Pacific
Rest of the World
Contact
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
90 Sate Street, Suite 700
Albany, NY 12207
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 Rooftop Solar PV Market: Increasing Awareness for Clean Energy Propels Market at 11.0% CAGR from 2015 to 2023 here
News-ID: 370808 • Views: …
More Releases from TMR - Research Reports

Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2 …
According to the research report, the global pulmonary drugs market is expected to be worth US$ 28,082.1 mn by the end of 2024 as compared to US$ 48,039.7 mn in 2015. Analysts calculate that the global market will plummet at a CAGR of -6.3% during the forecast period of 2016 and 2024. The market will thrive as the demand for combination drugs is anticipated to remain on the rise during…

North America Ventricular Assist Device Market is rising to a valuation of US$ 1 …
According to TMR, the opportunity in the North America market for VADs, which stood at US$0.4 bn in 2015, is likely to expand at a healthy CAGR of 9.20% between 2016 and 2024 and increase to US$1.07 bn by the end of the forecast period. The destination therapy (DT) segment has been reporting a greater application of VADs than the other two indication segments. It is expected to remain the…

Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million b …
Transparency Market Research notes that innovation and expansion into emerging regions have served these companies well in strengthening their hold in the dental membrane and bone graft substitutes market. For instance, Switzerland-based Geistlich Pharma AG - a global manufacturer and supplier of dental products and devices - expanded its operations in Sydney, Australia and New Delhi, India in 2016.
The global dental membrane and bone graft substitutes market is expected to…

Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
The global human vaccines market was valued at US$28.3 bn in 2015 and is estimated to reach US$72.5 bn by 2024, registering an 11.2% CAGR during the forecast period.
By age group, pediatric vaccines accounted for a 57.5% share in the global human vaccines market in 2015. Adult vaccines, on the other hand, are expected to expand at a 13.2% CAGR from 2016 to 2024. Based on product, the pneumococcal segment…
More Releases for Rooftop
Rooftop Tent Market Research Report 2028 | Valuates Reports
The global Rooftop Tent market was valued at US$ 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…