The latest trending report published by Crystal Market Research titled, Solar Rooftop Market approximates that the Solar Rooftop market size is estimated to flourish at a significant CAGR in the future, and this is attributed to the escalation in need for this product across the globe along with novel innovations in the market.
In 2012, the solar rooftop market was valued around USD 1.48 billion and is anticipated to reach approximately USD 4.14 billion by 2022, while registering at a significant compound annual growth rate (CAGR) of 9.70%.
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Solar Rooftop Market – Report Overview:
A solar rooftop transforms the light energy from the sun into electrical energy with the help of solar panels mounted on the roof on any construction. These rooftop solar panels can either be off-grid with the battery storage or connected to the grid. They are used in several commercial, residential and industrial purposes along with system ratings of up to 10 kW, 11kW-100MW and over 100 MW, respectively.
The extreme need for energy in the face of diminishing fossil fuels has resulted in application of solar rooftop panels in many segments.
Governments from various regions are offering tax sops in order to deploy solar panels to create heat; this factor is promoting the further growth of this market. Therefore, both public and private investors are channeling money into the major companies that are involved in manufacturing these panels.
Solar Rooftop Market – Regional Outlook:
North America is accountable for major market share in the global segment of solar rooftop owing to fast adaptation of the TPO model. Europe solar rooftop market is also soaring gradually is expected to sustain its position during the forecast period due to elevating compliance for green energy and high adoption of solar energy. Germany leads the European market of solar rooftops.
Asia Pacific also holds a significant market. In Asia Pacific, Japan leads the market due to sustainable building demands and tax benefits. Furthermore, surplus consumer base, high GDP growth, developing infrastructure, and sustainable energy requirements in India and China are encouraging the growth of this market industry in Asia Pacific.
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Solar Rooftop Market – Top Major Market Players:
Trina Solar (China), SMA Solar Technology AG (Germany), Solar World AG (Germany), Yingli Green Energy Holding Company Limited (China), Shunfeng International Clean Energy Limited. (China), Canadian Solar Inc. (Canada), JA Solar Holdings Co., Ltd. (China), Jinko Solar (China), ABB Ltd. (Switzerland), SunPower Corporation (U.S.), Delta Energy Systems (Germany), and Tata Power Solar Systems Limited (India).
Table of Contents
1.2. Research Methodology
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.2. Market Dynamics
4. Solar Rooftop Market, By Product
4.2. Solar Rooftop Market Assessment and Forecast, By Product, 2012-2022
4.3. On-Grid Type
4.4. Off- Grid Type
5. Solar Rooftop Market, By Application
5.2. Solar Rooftop Market Assessment and Forecast, By Application, 2012-2022
6. Solar Rooftop Market, By Region
6.2. Solar Rooftop Market Assessment and Forecast, By Region, 2012-2022 ($Million)
6.3. North America
6.6. Rest of the World
7. Company Profiles
7.1. Yingli Solar
7.2. Trina Solar
7.3. Canadian Solar
7.6. SunPower Corporation
7.7. Shunfeng International
7.8. JA SOLAR Co.,Ltd
7.9. SolarCity Corporation
7.10. Tata Power
7.11. Kingspan Group plc
7.12. SMA Solar Technology AG
7.13. Delta Electronics Inc.
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About Crystal Market Research:
Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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