Solar Rooftop Market: Synopsis

The detailed report published by Market Research Future (MRFR) projects that the global solar rooftop market is marked to exhibit remarkable expansion at a CAGR of 20.14% during the forecast period from 2017 to 2023. Increased utilization of renewable energy sources due to the rapid depletion of non-renewable sources which is leading to major energy crisis, high demand for electricity as a result of rapid industrialization and expansion of commercial sector, increase in government initiatives for optimum utilization of solar energy to carry out various functions in public infrastructures and high adoption rate of solar water heaters in residential buildings are majorly propelling the growth of the global solar rooftop market during the assessment period.

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Segmental Analysis

The global solar rooftop market has been segmented on the basis of capacity, connectivity, and end-users.

Based on capacity, the global solar rooftop market has been segmented into >10 kW, 11 kW-100 kW, and <100 kW. Among these, the 11 kW-100 kW segment commands the major share of the global solar rooftop market. This segment is also anticipated to expand at the fastest growth rate in the global solar rooftop market during the assessment period.

Based on connectivity, the global solar rooftop market has been segmented into on-grid and off-grid. Based on end users, the global solar rooftop market has been segmented into residential, commercial, and industrial.

Key Players

The key market players profiled by market Research Future (MRFR) that are operating in the global solar rooftop market are SMA Solar Technology AG (Germany), Trina Solar (China), Canadian Solar Inc. (Canada), Yingli Green Energy Holding Company Limited (China), Jinko Solar (China), SolarWorld AG (Germany), SunPower Corporation (the U.S.), Delta Energy Systems (Germany), Shunfeng International Clean Energy Limited (China), Tata Power Solar Systems Limited (India), JA Solar Holdings Co., Ltd. (China) and ABB Ltd. (Switzerland).

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Solar Rooftop Regional Market Analysis

Geographically, the global solar rooftop market has been segmented into four major regions such as Asia Pacific (APAC), North America, Europe, and the rest of the world.

The Asia Pacific region commanded the major share of 50 percent in the global solar rooftop market during the year 2016. The solar rooftop market in this region is also anticipated to expand at the fastest growth rate during the assessment period of 2017-2023. The factors such as increased utilization of renewable energy sources due to the rapid depletion of non-renewable sources which is leading to major energy crisis, high demand for electricity as a result of rapid industrialization and expansion of commercial sector, increase in government initiatives for optimum utilization of solar energy to carry out various functions in public infrastructures and high adoption rate of solar water heaters in residential buildings are majorly propelling the growth of the global solar rooftop market in the Asia Pacific (APAC) region. Rapid adoption of innovative solutions as alternatives for non-renewable energy sources and high demand for energy due to rapid industrialization, urbanization, and rise in population are fueling the growth of the global solar rooftop market in the North America region.

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