Press release
Rooftop Solar Photovoltaic Installation Market to Reach 176.96 GW by 2030, Driven by Declining Costs and Rising Residential Demand
Rooftop Solar Photovoltaic Installation Market Size & Trends | Mordor Intelligence
Get expert-backed research and strategic insights with complete analysis here: https://www.mordorintelligence.com/industry-reports/rooftop-solar-photovoltaic-installation-market?utm_source=openpr
This growth is being fueled by declining installation costs, supportive government policies, and increasing consumer awareness of clean energy benefits. Rooftop solar systems are now seen as a practical solution for households, businesses, and industries seeking energy independence and reduced electricity bills. With residential adoption surging in countries such as the United States and India, and strong policy backing in Europe, rooftop solar is becoming a mainstream energy option worldwide.
Upcoming Trends in Rooftop Solar Photovoltaic Installation Industry
Declining Installation Costs
One of the most important drivers of the rooftop solar market is the sharp reduction in installation costs. For example, Vietnam recorded a 58% drop in installation costs between 2016 and 2020, reaching USD 949/kW. In the United States, residential solar system costs fell to USD 3.21 per watt in 2022, less than half of the 2010 average. These reductions have made rooftop solar competitive with grid electricity in many regions.
Supportive Government Policies
Government incentives and mandates are playing a crucial role. The European Union has set ambitious targets, aiming for 632 GW of rooftop solar capacity by 2030, with requirements for solar rooftops on commercial buildings starting in 2027. India's Ministry of New and Renewable Energy has launched Phase II of its rooftop solar program, while Australia has committed millions of dollars to reform its Small-scale Renewable Energy Scheme.
Rising Residential Demand
Residential installations are emerging as a major growth driver. In the United States, residential solar grew 30% year-over-year in 2021, while India surpassed 50,000 rooftop installations nationwide. Homeowners are increasingly motivated by rising electricity tariffs, environmental concerns, and the appeal of energy independence.
Explore in-depth insights and regional perspectives, including localized editions like the Japanese market version: https://www.mordorintelligence.com/ja/industry-reports/rooftop-solar-photovoltaic-installation-market?utm_source=openpr
Rooftop Solar Photovoltaic Installation Segmentation
By Location of Deployment
Residential Segment:
Accounts for the largest share, estimated at 62% in 2024.
Typical system capacities up to 50 kW.
Growth driven by declining costs, rising utility prices, and government incentives.
Commercial and Industrial Segment:
Includes malls, hospitals, schools, manufacturing units, warehouses, and office buildings.
Expansion supported by subsidies, tax benefits, and lower generation costs compared to wholesale electricity.
Increasing adoption of solar heating combined with heat pumps in commercial spaces.
By Geography
North America: Mature market with strong federal policies like the Investment Tax Credit. California and Hawaii lead adoption.
Asia-Pacific: Fastest-growing region, led by China and India, supported by large-scale manufacturing and urbanization.
Europe: Strong policy support under the European Green Deal, with mandates for rooftop installations.
South America: Brazil leads adoption, supported by distributed generation policies.
Middle East & Africa: UAE and Saudi Arabia drive growth with ambitious renewable energy targets.
Explore Energy & Power Industry Research Details: https://www.mordorintelligence.com/market-analysis/energy-power?utm_source=openpr
Key Players in Rooftop Solar Photovoltaic Installation Market
Momentum Solar
Titan Solar Power NV Inc.
Canadian Solar Inc.
Elemental Energy Inc.
Semper Solaris Construction Inc.
These players are investing in research to improve panel efficiency, expanding geographic presence, and offering flexible financing options such as leasing and power purchase agreements. Regional specialists maintain strong positions by leveraging local expertise and customer relationships.
Conclusion: Rooftop Solar Photovoltaic Installation Market Growth Path
The rooftop solar photovoltaic installation market is on track to reach 176.96 GW by 2030, supported by declining costs, favorable policies, and rising consumer demand. Residential adoption is expected to remain the strongest driver, while commercial and industrial installations will expand with the help of subsidies and corporate sustainability goals.
Explore Related Reports:
Crystalline Silicon Solar PV Market: The market is segmented by type (mono-crystalline, multi-crystalline), end user (commercial, residential, utility-scale), and geography (North America, Europe, Asia-Pacific, South America, Middle East & Africa).
Get Full Report Details: https://www.mordorintelligence.com/industry-reports/crystalline-silicon-solar-pv-market?utm_source=openpr
India Rooftop Solar Market: The report segments the market by end user (commercial, industrial, residential) and grid type (on-grid, off-grid), with sizes and forecasts given in terms of installed capacity.
Get Full Report Details: https://www.mordorintelligence.com/industry-reports/india-rooftop-solar-market?utm_source=openpr
For any inquiries, please contact:
media@mordorintelligence.com
https://www.mordorintelligence.com/contact-us
About Mordor Intelligence:
Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals. With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.
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 Photovoltaic Installation Market to Reach 176.96 GW by 2030, Driven by Declining Costs and Rising Residential Demand here
News-ID: 4310167 • Views: …
More Releases from Mordor Intelligence
Truck Rental Market to reach USD 140.13 billion by 2030, Driven by E-commerce Ex …
Introduction
The truck rental market size stands at USD 108.65 billion in 2025 and is forecast to reach USD 140.13 billion by 2030, advancing at a 5.22% CAGR, supported by steady demand across logistics, construction, retail distribution, and household moving activities.
Truck rental services offer short-term and long-term access to light, medium, and heavy commercial vehicles, helping users manage fluctuating transportation needs efficiently. From small businesses handling urban deliveries to…
Footwear Market Size to Reach USD 440.28 Billion by 2030 | Athleisure Demand, Su …
Introduction: Growing Footwear Market Demand and Shifting Consumer Expectations
The global footwear market, valued at USD 370.36 billion in 2025, is expected to reach USD 440.28 billion by 2030, registering a CAGR of 3.52%. The market is evolving as consumers look for footwear that blends comfort, style, and practicality, while brands adapt to changing buying habits and category preferences. The rise of athleisure, growing interest in eco-friendly materials, and the…
Haptic Technology Market to Hit USD 8.5B by 2030 | Growth Driven by Smartphone A …
Mordor Intelligence has published a new report on the haptic technology market, offering a comprehensive analysis of trends, growth drivers, and future projections.
Haptic Technology Market Outlook
The haptic technology market is expected to rise from USD 4.62 billion in 2025 to USD 8.5 billion by 2030, according to insights based on the Mordor Intelligence report. This growing demand aligns with rising integration of touch-based systems in smartphones, gaming devices,…
Grant Management Software Market to Reach USD 4.23 Billion by 2030 | Growth Driv …
Mordor Intelligence has published a new report on the grant management software market, offering a comprehensive analysis of trends, growth drivers, and future projections.
Grant Management Software Market Overview
The grant management software market size is valued at USD 2.56 billion in 2025 and is forecast to reach USD 4.23 billion by 2030, supported by steady digital adoption across government agencies, nonprofit institutions, educational bodies, and healthcare organizations
Compliance guidelines,…
More Releases for Solar
Biohybrid Solar Cell Market Professional Survey Report 2022 - Jinko Solar, JA SO …
The Biohybrid Solar Cell Market Report 2022 provides a comprehensive analysis of observable trends and projections. This research shows how to attract a large number of customers. Our certified crew of economists, researchers, and advisers has made further attempts in projecting the global industry by utilising accredited global Biohybrid Solar Cell market information tools as well as various instruments and ways to successfully review and get information. The research argues…
Home Solar Power System Market Size, Share, Trends, Growth - Tesla, Panasonic So …
The Global Home Solar Power System Market study includes new innovations, market dynamics, strategic profiling in terms of the future market strategies and shares for the subsectors of the industry. This research consists of details related to the size of the industries, the major players, markets, sales volume and value. This study offers a detail data on the historical data pointers as well as forecasts by region/country for the sectors…
Solar PV Module Market Outlook To 2024 - Trina Solar, Canadian Solar Inc., JA So …
Solar PV module market from utility sector has witnessed a substantial growth globally in recent years. In the first quarter of the year, Vietnam's Ministry of Industry and Trade have talked about their FiT scheme related to utility-based solar power projects. Ongoing electrification programs and incentives benefit pertaining to grid connected power generation is surging the demand for on-grid solar PV modules. On-grid connection represented 55% of the overall solar…
Solar Simulator Market Distribution Channel 2019: Spire Solar, Solar Energy Inte …
Solar Simulator Market report aims to examine the developments of market including its market improvements, developments, positions and others.
This report on the Solar Simulator market offers explanatory knowledge on the market parts like dominating players, drivers and restraints, production, revenue, consumption, import and export, and the most effective development within the organization size, deployment type, inside, segmentation comprised throughout this analysis, also major the players have used various strategies such…
Solar PV Module Market By Key Vendors: Trina Solar, Canadian Solar Inc., JA Sola …
UK solar PV module market is set to expand owing to government initiatives towards sustainable energy integration. The export tariff introduced by the UK government facilitates USD 0.06 per unit for the surplus electricity injected back to the grid by the generator. Favorable government reforms with ambitious plan towards carbon footprint reduction will further boost the business outlook.
Request for a sample of this research report @
https://www.gminsights.com/request-sample/detail/1563
Solar PV Module Market size…
Global Solar Thermal Market 2016 Abengoa Solar, SUPCON Solar, Solar Euromed
Global Solar Thermal Market Research Report
The MRS Research Group Solar Thermal report by QY Research represents an inclusive evaluation of the Solar Thermal Market and comprises considerable insights, historical data, facts,and statistical and industry-validated data of the global market.Additionally,it consists of estimated data that is evaluated with the help of suitable set of methodologies and assumptions.The MRS Research Group report research highlights informative data and in-depth analysis of Solar Thermal…
