Press release
Solar Rooftop Sales Market: Analysis, Top Key Players, Drivers and Trends by Forecast to 2023
Market HighlightsSolar photovoltaic rooftop systems are widely used to produce electricity from sun light and are mounted on top of any commercial, industrial, residential or government building. Solar rooftop systems are either grid-connected of off-grid electricity generating systems. In the on-grid solar rooftop systems, the electricity is generated from solar PV rooftop which are connected to the utility grid. However, the off-grid systems generate electricity which is consumed by the connected load, and excess of power is stored in batteries to be used as and when needed. Over the past few years, the demand for solar rooftop systems is gradually rising and expecting a remarkable growth in future. Solar rooftop systems have been dominating the renewable energy market owing to its increasing demand from its end-use applications.
Solar Rooftop panels are an important part of solar panel installation. The main application of solar rooftop panel is to convert solar power into usable AC power. Solar rooftop panels enable safe and noiseless power generation, which makes them quintessential product in today’s world. Rooftop solar is increasingly cost-effective for residential, commercial, and industrial sector. Reductions in technology prices, innovative financing, and growing networks of solar installers and financial partners all helped drive down the prices for rooftop solar panel systems. Currently, the Global Solar Rooftop Sales Market is increasing tremendously in influence of major drivers such as commitment to develop a clean energy society, Government incentives and policy.
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The key players of global solar rooftop sales market are
• SMA Solar Technology AG (Germany),
• Trina Solar (China),
• Yingli Green Energy Holding Company Limited (China),
• Canadian Solar Inc. (Canada),
• Jinko Solar (China),
• SolarWorld AG (Germany),
• SunPower Corporation (U.S.),
• Shunfeng International Clean Energy Limited. (China),
• Tata Power Solar Systems Limited (India),
• Delta Energy Systems (Germany),
• JA Solar Holdings Co., Ltd. (China)
• ABB Ltd. (Switzerland).
Market Research Analysis
Asia-Pacific Region in Solar Rooftop Market is expected to grow at the fastest rate
Geographically, the market has been segmented into four major regions such as North America, Asia-Pacific, Europe and Rest of the World. Among these regions, Asia-Pacific has emerged as the leading region in terms of value and volume, followed by Europe and North America. In 2016, Asia-Pacific solar installation capacity accounted for 144.8 GW, whereas Europe and North America were accounted for 102.1 GW and 35.6 GW, respectively. In Asia-Pacific region, China and Japan are the major dominating countries, whereas, India is projected to witness significant growth in the upcoming years.
11 kW- 100kW rooftop solar system segment by capacity is expected to dominate the market
Currently, 11 kW- 100kW rooftop solar system segment by capacity, holds the largest market share and is expected to grow at the highest growth during the forecast period. A rooftop solar system ranging with a power capacity from 11 kW- 100 kW are the best investment for commercial and small-scale industry. A modern-day 100 kW rooftop solar system will be comprised of between 380-410 panels and will require about 600-656 m2 of roof space, depending upon the wattage of the panels. Reported pricing, for PV system installations, completed by project-level data from U.S. Department of Energy SunShot Initiative in January 2017, were about USD 3.78/W (Median) for commercial installation of over 10 kW to 100 kW.
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