Industry Background:
Solar roofing means a solar roof system that generates reusable energy, which reusable energy accounts for at least 2.5 percent of the total electric energy used by the building to which the solar roofing system is attached. Solar roofing has particular benefit like it is clean form of energy generation, Energy produce by it is highest during peak energy demand times. Owners of building have a significant ROI and increase in facility value.This growth is primarily driven by Growing Electricity Needs Worldwide and Expanding the Renewable-based Power Generation.
Globally, a noticeable market trend is evident Increasing Number of Installations in Emerging Countries such as India. Major Manufacturers, such as JinkoSolar Holding Co., Ltd. (China), SunPower Corporation (United States), Trina Solar Limited (China), Canadian Solar Inc. (Canada), Tata Power Solar Systems Limited (India), Hanwha Q Cells Co., Ltd. (South Korea), JA Solar Holdings (China), LONGi Solar (China), Risen Energy (China) and Talesun Solar Technologies (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In October 2018, SunPower completed the acquisition of SolarWorld Americas, a manufacturer of the high-quality solar panels. This acquisition added SolarWorld Americas’s P-Series cells and modules in SunPower’s product portfolio. With this strategy, SunPower expanded its presence in the U.S. market.
In February 2019, Tata Power Solar launches an extensive residential rooftop solution at Hyderabad, India. This residential rooftop solution is expected to save up to INR 50,000 annually for 25 years. Also to ease the beneficiaries’ expenses the proposition comes with government subsidy so that consumers can avail a chance to earn from their idle rooftop space.
Market Drivers
- Growing Electricity Needs Worldwide
- Expanding the Renewable-based Power Generation
Market Trend
- Increasing Number of Installations in Emerging Countries such as India
Restraints
- High Initial Cost Associated with the Solar Roofing
Opportunities
Rising Government Focus on Increasing the Share of Solar Power in the Energy Mix and Availability of Abundant Solar Resource
Challenges
High Maintenance Cost
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Solar Roofing Study Sheds Light on
The Solar Roofing Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Solar Roofing industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Solar Roofing industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.