Solar Rooftop Market Research

This article is soley based on a Market Research Report (not open source)

The report, titled "Solar Rooftop Sales Market Research Report- Forecast to 2023" gives a thorough account of the present state of the Solar Rooftop Market and the industry concerning it. The report presents an expansive account of the crucial elements of the market, the macro and micro factors that are essential for companies to gain competitive advantage in the market, the key factors that will have the most significant influence on the growth trajectory of the market, and several other aspects of the Solar Rooftop Market from a regional as well as a global perspective.

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Overview

Global Solar Rooftop Market Information Report by Capacity (>10 kW, 11 kW- 100kW and <100 kW), By Connectivity, (On-Grid and Off-Grid) By End User (Residential, Commercial and Industrial) and By Regions - Global Forecast to 2023.

The global solar rooftop market is a very dynamic market and expected to witness high growth over the forecast period. A solar rooftop photovoltaic (PV) system converts the sun’s light energy into electrical energy through solar rooftop-mounted on the rooftop of a building. Solar rooftop systems can either connect to the grid, or they can be off-grid with battery storage. They are used in residential, commercial and industrial purposes, with system ratings of up to 10 kW, 11 kW–100 MW and more than 100 MW, respectively.

Solar photovoltaic rooftop systems are widely used to produce electricity from sunlight and are mounted on top of any commercial, industrial, residential or government building. Solar rooftop systems are either grid-connected of off-grid electricity generating systems. In the on-grid solar rooftop systems, the electricity is generated from solar PV rooftop which is connected to the utility grid. However, the off-grid systems generate electricity which is consumed by the connected load, and excess of power is stored in batteries to be used as and when needed. Over the past few years, the demand for solar rooftop systems is gradually rising and expecting remarkable growth in the future. Solar rooftop systems have been dominating the renewable energy market owing to its increasing demand from its end-use applications.

The global growing demand for solar systems, primarily in residential rooftop application is driving the solar rooftop market. As, it is witnessed since the last decade, a gradual downfall in the prices of key components such as, silver and poly-silicone, which are used in the manufacturing process of solar cells. Solar rooftop systems come along with a great advantage through a reduction in harmful emissions noiseless operations and lowering the overall energy bills. A gradual downfall in the prices of industrial commodities used to manufacture solar panels, and the rising inflation in electricity & natural gas sector will certainly act as a driving force for global solar rooftop market.

Sizes and prices

Currently, 11 kW- 100kW rooftop solar system segment by capacity, holds the largest market share and is expected to grow at the highest growth during the forecast period. A rooftop solar system ranging from power capacity from 11 kW- 100 kW are the best investment for commercial and small-scale industry. A modern-day 100 kW rooftop solar system will be comprised of between 380-410 panels and will require about 600-656 m2 of roof space, depending upon the wattage of the panels. Reported pricing, for PV system installations, completed by project-level data from U.S. Department of Energy SunShot Initiative in January 2017, was about USD 3.78/W (Median) for commercial installation of over 10 kW to 100 kW.

Regions

Asia-Pacific region holds the largest share of approximately 50% in global solar rooftop market in 2016 and is expected to grow at a high rate resulting in growth in the sale of solar rooftop subsequently. The continuous growth in industrial & commercial and utility sector in Asia –Pacific, requires a high amount of electricity for their operations. Also, the government initiative for utilization of renewable energy is making the end-user opt for solar energy. All these factors will majorly constitute for the growth of solar rooftop in this Asia-Pacific for the forecast period.

The global solar rooftop market is expected to grow at a CAGR of 20.14% during the forecast period. 

Geographically, the market has been segmented into four major regions such as North America, Asia-Pacific, Europe and Rest of the World. Among these regions, Asia-Pacific has emerged as the leading region in terms of value and volume, followed by Europe and North America. In 2016, Asia-Pacific solar installation capacity accounted for 144.8 GW, whereas Europe and North America were accounted for 102.1 GW and 35.6 GW, respectively. In the Asia-Pacific region, China and Japan are the major dominating countries, whereas, India is projected to witness significant growth in the upcoming years.

List Of Companies

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

Further Information

• Category:Solar Market
• Solar Market Development: Case Study in Ethiopia
• Publication - GOGLA Off-Grid Solar Market Trends Report 2018
• Rural Solar Market Development - Lessons Learned from Uganda
• Trends in the Solar Market - Demands in Renewable sector Increases
• (Please inlcude here other links to relevant webpages)

References

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