Rooftop Solar Photovoltaic (PV) Market

Key Insights

The Global Rooftop Solar Photovoltaic (PV) Market is valued at USD 137.79 Billion in 2023 and is projected to reach a value of USD 429.99 Billion by 2032 at a CAGR (Compound Annual Growth Rate) of 15.3% between 2024 and 2032.

Definition And Overview

A rooftop photovoltaic power station, or rooftop PV system, is a photovoltaic system that has its electricity -generating solar panels mounted on the rooftop of a residential or commercial building or structure.

The report covers in-depth study on the global Rooftop Solar Photovoltaic (PV) market, which comprises market trends such as drivers, restraints, and opportunities, regional trends, segmental analysis, and competitive landscape among others. This study comprises the market estimations and forecast in terms of revenue for each segment at the global/regional/country level along with a detailed analysis of growth prospects, challenges, and opportunities. The report includes a separate chapter covering detailed Rooftop Solar Photovoltaic (PV) market overview that includes Porter’s Five Forces Analysis, PESTLE Analysis, Player Positioning Analysis, SWOT Analysis, and Value Chain Analysis among others.

COVID-19 Impact Analysis

The wise spread COVID-19 outbreak has impacted several industries including Rooftop Solar Photovoltaic (PV). The governments across the globe compel to employ stringent restriction such as lockdown, international border seals, and implementing strict social distancing measures. This forces serval industries to opt for work from home which in turn disrupted the business processes. However, after mid 2023 the world is witnessing reopening of trading activities, business operations which is expected to stimulate the economic growth during upcoming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.

The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o Impact Assessment of COVID-19 Pandemic

o Pre & Post COVID-19 Market Size

o Qualitative analysis on the short term & long-term impact of COVID-19 on the market

o The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

Industry Analysis

The report explains various driving factors, restraints/challenges, and opportunities in detail. These assessments aid the industry stakeholders to analyze the Rooftop Solar Photovoltaic (PV) market on the basis of different parameters, such as economies of scale, the share of various distribution channels, various factors affecting consumer behavior such as brand loyalty, price, and product availability among others, capital investments, regulatory landscape, production rights and patents, promotional strategies, and other customer preferences.

PV panels provide clean – green energy. During electricity generation with PV panels there is no harmful greenhouse gas emissions thus solar PV is environmentally friendly. Solar energy is energy supplied by nature – it is thus free and abundant. These factors are fueling the market growth.

Solar panels cost is currently on a fast reducing track and is expected to continue reducing for the next years – consequently solar PV panels has indeed a highly promising future both for economic viability and environmental sustainability. This is also facilitating the market growth.

As in all renewable energy sources, solar energy has intermittency issues; not shining at night but also during daytime there may be cloudy or rainy weather. Consequently, intermittency and unpredictability of solar energy makes solar energy panels less reliable a solution. These factors are restraining the market growth.

Market Segmentation

The report delivers an acute breakdown of the market based on various segments such as Technology, Grid Type, Application and region. The report will cover market estimations and forecast for each segment by region for the years 2019–2032. Several growth factors and opportunities impacting various segments have been incorporated in the report.

On the basis of Technology, the market is divided into Thin Film, Crystalline Silicon, Others. Film held the largest share in 2022 and is projected to witness substantial growth during the forecast period.

Based on Grid Type, the market is divided into On Grid, Off Grid. Industrial Sector attributed to the highest market share and is expected to grow at a significant CAGR from 2023 to 2032.

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Report Coverage & Deliverables

PDF report & online dashboard will help you understand:

• Real-Time Data Updates:
• Competitor Benchmarking
• Market Trends Heatmap
• Custom Research Queries
• Market Sentiment Analysis
• Demographic and Geographic Insights

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Competitive Landscape

The global Rooftop Solar Photovoltaic (PV) market report provides an exhaustive competitive landscape to give a comprehensive synopsis of the global market. Major players in the Rooftop Solar Photovoltaic (PV) market are Sharp, SunPower, Risen, Canadian Solar, Kyocera Solar, GCL, Longi Solar, Yingli, Trina Solar, Solarworld, Eging PV, JA Solar, Hanwha, First Solar, Jinko Solar.. This section of the report will provide you extensive information on all key players based on business overview, product portfolio, marketing strategies, recent developments, financial performance, and geographical presence among others. Moreover, the report also includes extensive information on key strategies such as new product development/launch, merger & acquisitions, partnerships, collaborations & joint ventures, research & development, and regional expansion.

Global Rooftop Solar Photovoltaic (PV) Market : Regional Analysis

Based on the geography, the global Rooftop Solar Photovoltaic (PV) market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The regional analysis covers market estimations and forecast for each segment for each region for the years 2016–2032. The concentration of raw material suppliers as well as market players in one specific region impacts the global market scenario and the report covers exclusive information on the same. Also, the report analyzes the intensity of competition in each region and its influence on the growth of the global Rooftop Solar Photovoltaic (PV) market.

The global Rooftop Solar Photovoltaic (PV) market can be categorized as Type, Application, End-Use Industry, and Region.