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Rooftop Solar Photovoltaic Trends and Forecast
The future of the global rooftop solar photovoltaic market looks promising with opportunities in the residential, industrial, and commercial markets. The global rooftop solar photovoltaic market is expected to reach an estimated $104.5 billion by 2030 with a CAGR of 7.8% from 2024 to 2030. The major drivers for this market are numerous advantages, such as the capacity to provide on-grid and off-grid flexibility and cost-effectiveness, increasing use of renewable energy sources to provide electricity, as well as, the availability of solar energy accessible during the day.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Rooftop Solar Photovoltaic by Segment
The study includes a forecast for the global rooftop solar photovoltaic by grid type, technology, end use, and region.
Rooftop Solar Photovoltaic Market by Grid Type [Shipment Analysis by Value from 2018 to 2030]:
• Off-Grid
• On-Grid
Rooftop Solar Photovoltaic Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Thin Film
• Crystalline Silicon
• Others
Rooftop Solar Photovoltaic Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Residential
• Industrial
• Commercial
Rooftop Solar Photovoltaic Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Rooftop Solar Photovoltaic Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies rooftop solar photovoltaic companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the rooftop solar photovoltaic companies profiled in this report include-
• SOLTECH
• Evocells
• Tindo Solar
• LONGi Solar
• Jinkosolar
• JA Solar
• Trina Solar
• Risen Energy
• Hanergy
• Suntech Power
Rooftop Solar Photovoltaic Market Insights
Lucintel forecasts that thin film silicon will remain the larger segment over the forecast period because of the thin film production using flexible, lightweight materials with high endurance and a narrow design.
APAC will remain the largest region over the forecast period due to growing energy consumption, as well as increased urbanization and industrialisation in this region.
Features of the Global Rooftop Solar Photovoltaic Market
Market Size Estimates: Rooftop solar photovoltaic market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Rooftop solar photovoltaic market size by grid type, technology, end use, and region in terms of value ($B).
Regional Analysis: Rooftop solar photovoltaic market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different grid type, technology, end use, and regions for the rooftop solar photovoltaic market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the rooftop solar photovoltaic market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the rooftop solar photovoltaic market size?
Answer: The global rooftop solar photovoltaic market is expected to reach an estimated $104.5 billion by 2030.
Q.2 What is the growth forecast for rooftop solar photovoltaic market?
Answer: The global rooftop solar photovoltaic market is expected to grow with a CAGR of 7.8% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the rooftop solar photovoltaic market?
Answer: The major drivers for this market are numerous advantages, such as the capacity to provide on-grid and off-grid flexibility and cost-effectiveness, increasing use of renewable energy sources to provide electricity, as well as, the availability of solar energy accessible during the day.
Q4. What are the major segments for rooftop solar photovoltaic market?
Answer: The future of the global rooftop solar photovoltaic market looks promising with opportunities in the residential, industrial, and commercial markets.
Q5. Who are the key rooftop solar photovoltaic market companies?
Answer: Some of the key rooftop solar photovoltaic companies are as follows:
• SOLTECH
• Evocells
• Tindo Solar
• LONGi Solar
• Jinkosolar
• JA Solar
• Trina Solar
• Risen Energy
• Hanergy
• Suntech Power
Q6. Which rooftop solar photovoltaic market segment will be the largest in future?
Answer: Lucintel forecasts that thin film silicon will remain the larger segment over the forecast period because of the thin film production using flexible, lightweight materials with high endurance and a narrow design.
Q7. In rooftop solar photovoltaic market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to growing energy consumption, as well as increased urbanization and industrialisation in this region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the rooftop solar photovoltaic market by grid type (off-grid and on-grid), technology (thin film, crystalline silicon, and others), end use (residential, industrial, and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Rooftop Solar Photovoltaic Market, Rooftop Solar Photovoltaic Market Size, Rooftop Solar Photovoltaic Market Growth, Rooftop Solar Photovoltaic Market Analysis, Rooftop Solar Photovoltaic Market Report, Rooftop Solar Photovoltaic Market Share, Rooftop Solar Photovoltaic Market Trends, Rooftop Solar Photovoltaic Market Forecast, Rooftop Solar Photovoltaic Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Rooftop Solar Photovoltaic Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Rooftop Solar Photovoltaic Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Rooftop Solar Photovoltaic Market by Grid Type
3.3.1: Off-grid
3.3.2: On-grid
3.4: Global Rooftop Solar Photovoltaic Market by Technology
3.4.1: Thin Film
3.4.2: Crystalline Silicon
3.4.3: Others
3.5: Global Rooftop Solar Photovoltaic Market by End Use
3.5.1: Residential
3.5.2: Industrial
3.5.3: Commercial
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Rooftop Solar Photovoltaic Market by Region
4.2: North American Rooftop Solar Photovoltaic Market
4.2.1: North American Rooftop Solar Photovoltaic Market by Technology: Thin Film, Crystalline Silicon, and Others
4.2.2: North American Rooftop Solar Photovoltaic Market by End Use: Residential, Industrial, and Commercial
4.3: European Rooftop Solar Photovoltaic Market
4.3.1: European Rooftop Solar Photovoltaic Market by Technology: Thin Film, Crystalline Silicon, and Others
4.3.2: European Rooftop Solar Photovoltaic Market by End Use: Residential, Industrial, and Commercial
4.4: APAC Rooftop Solar Photovoltaic Market
4.4.1: APAC Rooftop Solar Photovoltaic Market by Technology: Thin Film, Crystalline Silicon, and Others
4.4.2: APAC Rooftop Solar Photovoltaic Market by End Use: Residential, Industrial, and Commercial
4.5: ROW Rooftop Solar Photovoltaic Market
4.5.1: ROW Rooftop Solar Photovoltaic Market by Technology: Thin Film, Crystalline Silicon, and Others
4.5.2: ROW Rooftop Solar Photovoltaic Market by End Use: Residential, Industrial, and Commercial
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Rooftop Solar Photovoltaic Market by Grid Type
6.1.2: Growth Opportunities for the Global Rooftop Solar Photovoltaic Market by Technology
6.1.3: Growth Opportunities for the Global Rooftop Solar Photovoltaic Market by End Use
6.1.4: Growth Opportunities for the Global Rooftop Solar Photovoltaic Market by Region
6.2: Emerging Trends in the Global Rooftop Solar Photovoltaic Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Rooftop Solar Photovoltaic Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Rooftop Solar Photovoltaic Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: SOLTECH
7.2: Evocells
7.3: Tindo Solar
7.4: LONGi Solar
7.5: JinkoSolar
7.6: JA Solar
7.7: Trina Solar
7.8: Risen Energy
7.9: Hanergy
7.10: Suntech Power
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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