Global Solar Rooftop Market to grow at a good CAGR between 2017 and 2023
The report published by Knowledge Sourcing Intelligence titled “Global Solar Rooftop Market- Forecast From 2018 to 2023” studies the various factors affecting the demand for solar rooftops across the globe. The report has been segmented by grid connectivity (on-grid, off-grid), end-user (residential, commercial), and geography, covering five regions namely North America, South America, Europe, Middle East and Africa and Asia Pacific, and some of the major economies in each of these regions.
The growing focus on renewable energy sources, especially solar, is the major driver of global solar rooftop market. Favorable government policies and initiatives to encourage the use of renewable energy sources are also escalating the demand for solar rooftops worldwide. Declining prices of solar panels are also significantly augmenting the growth of this market. However, a recent limit on the manufacturing of solar panels across the globe is limiting the growth of the global solar rooftop market.
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Commercial application segment holds significant market share
Commercial global solar rooftop market accounted for a significant market share in 2017 owing to the positive regulatory policies regarding decentralized power generation. Favorable government policies in terms of tax rebate and FiT to encourage the deployment of clean energy solutions will support the growth of the global solar rooftop market across this segment.
Europe holds significant global market share
Strict policies so as to achieve set climate goals are significantly escalating the deployment of solar rooftop market in the region. High awareness among people about renewable energy solutions is also boosting the growth of European solar rooftop market. APAC will also witness a significant CAGR during the forecast period on account of growing focus on and shift towards clean energy solutions in countries like China and India.
This report also includes a study of strategies and product portfolios of some of the leading companies in the global solar rooftop market. It consists of company profiles of the leading companies- Relyon Solar, First Solar, Vikram Solar Limited, and SunPower Corporation among others.
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Knowledge Sourcing Intelligence (KSI) is a market research and consulting organization based out of India. KSI publishes research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with whole market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.
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