openPR Logo
Press release

Rooftop Solar PV Market: Increasing Awareness for Clean Energy Propels Market at 11.0% CAGR from 2015 to 2023

09-13-2017 07:49 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR - Research Reports

Rooftop Solar PV Market: Increasing Awareness for Clean Energy

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.

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 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.

Request a Sample PDF for Research Report & Insights: 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.

Ask for Discount for Premium Research Report (US$ 5795) With Complete TOC: http://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=3160

rooftop-solar-pv-market

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.

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact Us
Transparency Market Research
90 State Street,
Suite 700
Albany NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
E-mail: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

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: 712669 • Views:

More Releases from TMR - Research Reports

Visualization and 3D Rendering Software Market: On-Premise Deployment Presently …
The global market for visualization and 3D rendering features a largely consolidated vendor landscape, with the leading three vendors accounting for a nearly 80% of the overall revenue generated in the market in 2016, observes Transparency Market Research in a recent report. These three vendors, namely Autodesk Inc., Dassault Systems, and NVIDIA Corporation, have strengthened their positions in the market with the help of cost competitive pricing, continuous introduction of
Digital Door Lock Systems Market: Enhanced Security Requirements to Propel the D …
According to a new market report published by Transparency Market Research titled “Digital Door Lock Systems Market–Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,” the global digital door lock systems market was valued at US$ 1,059.5 Mn in 2017 and is expected to expand at a CAGR of 30.25% from 2018 to 2026, reaching US$ 14,877.6 Mn by the end of the forecast period. digital door lock systems market
Transportation Management System Market: Advance Technologies in All the Sectors …
A transportation management system (TMS) refers to a subset of supply chain management and is centered mostly on logistics and transportation. The augmented use of cloud computing technologies for managing supply chain activities is one of the significant and major trends that have been prevailing in the world market for transportation management systems. Cloud-based deployments, in general, need less configuration and customization. These two factors are triggering down the cost
Energy Recovery Ventilators Market: Rising Awareness of Importance of Indoor Air …
Characterized by the presence of a handful of dominant players, namely United Technologies Corp., LG Electronics, Daikin Industries Ltd., Fujitsu Ltd., and Munters Corp., the global energy recovery ventilators market features intense competition, reveals Transparency Market Research (TMR) in a new report. Going forward, the rising number of players seeking entry will further intensify competition in the market. Expansion of product portfolio which has been the focus of established companies to

All 5 Releases


More Releases for Rooftop

Rooftop Solar PV market – Global Industry Report, 2025
Albany, NY - Rooftop solar PV offers an efficient, emission-free renewable source of electricity which can be used off-grid as well as on-grid. Rooftop solar PV offers an effective and efficient method for reducing carbon footprint and generating electricity from solar radiation. The market for rooftop solar PV has been rapidly increasing with the support of government subsidies and tax credits. The rooftop solar PV market have attracted large number
Rooftop Solar PV Market-entry and expansion strategies
MarketResearchReports.Biz adds “Global Rooftop Solar PV Market Share, Size, Trends and Forecast Market Research Report” reports to its database. This report provides a strategic analysis of the Rooftop Solar PV and the growth estimates for the forecasted period. The main objective of this report is to aid the user in understanding the market as a whole, its definitions, segmentation, market potential, influential trends, and the barriers that it is facing. Meticulous
Solar Rooftop Market in India 2017
Boston, MA ReportsWorldwide has announced the addition of a new report title Solar Rooftop Market in India 2017 to its growing collection of premium market research reports. Scaling Opportunities in Off-Grid & Decentralized Rooftop Applications Of 100 GW Capacities Planned through Grid Connected Solar Energy by 2022, 40 GW to come through Rooftop Solar Installations. This indeed is a huge opportunity potential only when barriers for stakeholders are completely addressed. Arguably, it
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
Global Rooftop Solar PV Market Insight, Industry Outlook, Research Report Analys …
The global rooftop solar PV market is segmented based on applications and geography. According to applications, the market is categorized into residential and commercial applications. Geographic breakdown and deep analysis of each of the aforesaid segments have resulted in the following regions: North America, Europe, Asia-Pacific, and LAMEA. Request for Customization: https://www.progressivemarkets.com/request-customization/rooftop-solar-pv-market A rooftop solar photovoltaic (PV) is a rooftop-mounted electricity generating system from solar energy. In this system, solar panels
Global Rooftop Solar PV Market Insight, Industry Outlook, Research Report Analys …
The global rooftop solar PV market is segmented based on applications and geography. According to applications, the market is categorized into residential and commercial applications. Geographic breakdown and deep analysis of each of the aforesaid segments have resulted in the following regions: North America, Europe, Asia-Pacific, and LAMEA. Request for Customization: https://www.progressivemarkets.com/request-customization/rooftop-solar-pv-market A rooftop solar photovoltaic (PV) is a rooftop-mounted electricity generating system from solar energy. In this system, solar panels