What is Rooftop Solar Photovoltaic Market Scope?
Increasing concerns about energy security and energy access, along with volatile oil prices in recent decades, have led to the need to produce and use an alternative, low-carbon technology options such as renewables. A rooftop solar photovoltaic system, mounted on the roof, is an electrical installation that converts solar energy into electricity. This can be used to meet the building’s own energy consumption requirements or, in certain situations, fed back into the electrical grid. The various government taking initiatives for solar energy which is boosting the rooftop solar photovoltaic market. For example, the Government of India has set a challenging target of 40,000 MWp of Grid-Interactive Rooftop Solar PV Plants during the next five years. These rooftop solar PV plants will be set up in residential, commercial, industrial, institutional sectors in the country ranging from 1 kWp to 500 kWp capacity.
Market Growth Drivers:
Increasing Demand for Solar Systems in Residential Applications and Supportive Policies and Initiatives of Various Governments Across the Globe
Challenges:
Lack of Awareness related to Rooftop Solar Photovoltaic in Underdeveloped Countries
Restraints:
Lack of Smart Grid Infrastructure
Opportunities:
Shifting Focus Towards Renewable Energy Sources Owing to the Increasing Environment Concerns and Decreasing Costs of Solar Systems and Energy Storage Devices
The Rooftop Solar Photovoltaic market study is being classified, by Application and major geographies with country level break-up.
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global rooftop solar photovoltaic can witness an upsurge in the forecast period. Analysts at AMA predicts that Manufacturers from Global will contribute to the maximum growth of Global Rooftop Solar Photovoltaic market throughout the predicted period.
Wuxi Suntech Power Co., Ltd. (China), SunPower Corporation (United States), First Solar, Inc.(United States), Yingli Green Energy Holding (China), Canadian Solar Inc. (Canada), Schott Solar (Germany), Sharp Corporation (Japan), Solar World (Germany), JinkoSolar Holding Co., Ltd. (China) and Trina Solar Limited (China) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Solimpeks Corporation (Turkey), Kyocera Corporation (Japan) and JA Solar Co. Ltd. (China).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Rooftop Solar Photovoltaic market by Type, Application and Region.
On the basis of geography, the market of Rooftop Solar Photovoltaic has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In Feb 2020, Canadian Solar Inc.announced the acquisition of a 47.5 MWp portfolio of solar projects under development in Chile. These projects will become operational in two different stages, beginning from the fourth quarter of 2020.
In November 2018, the Ministry introduced the MEMR Regulation 49/2018 for rooftop solar PV installations. Under this, all rooftop solar PV installations require prior verification and approval from PT PLN’s local distribution company and the process of verification and approval should be completed within 15 days.
Key Target Audience
Rooftop Solar Photovoltaic Manufacturers, Rooftop Solar Photovoltaic Traders, Suppliers, and Distributors, Government and Research Organizations, Associations and Industrial Bodies, Raw Material Suppliers and Distributors and Industry Associations
Rooftop Solar Photovoltaic Market Study: Important Years
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Rooftop Solar Photovoltaic Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Rooftop Solar Photovoltaic industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.