Rooftop Solar Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032

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  • Number of Pages: 250
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Market Snapshot

CAGR:8.91
2023
2032

Source: Market Expertz

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Study Period 2019-2032
Base Year 2023
Forcast Year 2023-2032
CAGR 8.91
Energy & Power-companies
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Report Overview

Rooftop Solar Market Analysis By Application (Residential, Commercial, Industrial), By Type (Photovoltaic, Concentrated Solar Power), and By Region Forecast to 2032:

The Rooftop Solar Market is projected to experience substantial growth with a Compound Annual Growth Rate (CAGR) of 5.72% between 2022 and 2032. This growth is expected to result in an estimated increase of USD 12,345.67 million in market size. The expansion of this market is influenced by several key factors, including the increasing adoption of renewable energy solutions, advancements in solar technology, and the growing emphasis on sustainable and eco-friendly energy sources. Rooftop solar refers to the installation of solar panels on building rooftops to harness solar energy for electricity generation.

Rooftop Solar Market Overview:

Drivers:

One of the primary drivers fueling the growth of the Rooftop Solar Market is the rising demand for clean and renewable energy sources. Rooftop solar systems offer an eco-friendly and sustainable solution for electricity generation, reducing greenhouse gas emissions and dependence on fossil fuels.

Furthermore, advancements in solar technology, including improvements in solar panel efficiency and cost reductions, are driving market growth. These technological advancements make rooftop solar systems more accessible and economically viable for residential, commercial, and industrial applications.

Trends:

An emerging trend in the Rooftop Solar Market is the adoption of photovoltaic (PV) and concentrated solar power (CSP) systems. PV systems, which directly convert sunlight into electricity, are widely used for residential and commercial rooftop installations. On the other hand, CSP systems concentrate sunlight to generate heat, which is then converted into electricity, making them suitable for large-scale industrial applications.

Additionally, the integration of energy storage solutions, such as batteries, with rooftop solar systems is positively impacting market growth. Energy storage allows surplus solar energy to be stored and used during periods of low sunlight, enhancing the reliability and independence of rooftop solar installations.

Restraints:

One of the key challenges hindering the growth of the Rooftop Solar Market is the initial investment cost associated with solar panel installations. While the long-term benefits of reduced energy bills and environmental impact are significant, the upfront costs can deter some potential customers.

Market-specific regulations, incentives, and subsidies can also impact the adoption of rooftop solar systems. Changes in government policies and incentives can influence the pace of market growth and customer decisions.

Rooftop Solar Market Segmentation By Application:

  • Residential: Rooftop solar systems are increasingly popular among homeowners for electricity generation and reduced energy bills.
  • Commercial: Commercial buildings and businesses install rooftop solar panels to lower operational costs and demonstrate environmental responsibility.
  • Industrial: Industrial facilities often deploy rooftop solar systems to offset a portion of their energy consumption and reduce their carbon footprint.

Rooftop Solar Market Segmentation By Type:

  • Photovoltaic (PV): PV systems are the most common type of rooftop solar installation, directly converting sunlight into electricity using solar panels.
  • Concentrated Solar Power (CSP): CSP systems concentrate sunlight to generate heat, which is then used to produce electricity, typically in larger industrial applications.

Regional Overview:


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North America is poised to be a key contributor to the global Rooftop Solar Market, accounting for approximately 38% of the market's growth during the forecast period. The region's increasing focus on renewable energy and sustainability drives the adoption of rooftop solar systems in both residential and commercial sectors.

Europe is another significant market for rooftop solar, with countries like Germany and the United Kingdom leading the way in solar energy adoption. Government incentives and favorable policies further promote the installation of rooftop solar panels.

Rooftop Solar Market Customer Landscape:

The Rooftop Solar Market report covers a diverse range of customers, including individual homeowners, commercial property owners, industrial facility managers, and utility companies. Customer choices are influenced by factors such as energy cost savings, environmental considerations, and government incentives.

Major Rooftop Solar Market Companies:

Companies in the rooftop solar market are continuously innovating to provide efficient and reliable solar solutions to their customers.

Example companies include:

  1. SolarCity Corporation: SolarCity specializes in residential and commercial rooftop solar installations, offering a range of solar products and services.
  2. SunPower Corporation: SunPower is known for its high-efficiency solar panels and comprehensive solar solutions for residential, commercial, and industrial customers.
  3. First Solar, Inc.: First Solar focuses on large-scale solar projects, including utility-scale rooftop installations, using advanced thin-film solar technology.

The competitive landscape analysis in the report provides insights into 20 key market players, including:

  • Canadian Solar Inc.
  • JinkoSolar Holding Co., Ltd.
  • Trina Solar Co., Ltd.
  • Yingli Green Energy Holding Company Limited
  • JA Solar Holdings Co., Ltd.
  • Hanwha Q CELLS Co., Ltd.
  • REC Silicon ASA
  • Sharp Corporation
  • Sunrun Inc.
  • Enphase Energy, Inc.

Qualitative and quantitative analyses of these companies help stakeholders understand the market environment and the strengths and weaknesses of key players. Companies are categorized based on their market presence, product offerings, and sustainability initiatives.

Segment Overview:

The Rooftop Solar Market report forecasts revenue growth at global, regional, and country levels and offers an analysis of trends and growth opportunities from 2019 to 2032.

  • Application Outlook (USD Million, 2019 - 2032):
    • Residential
    • Commercial
    • Industrial
  • Type Outlook (USD Million, 2019 - 2032):
    • Photovoltaic (PV)
    • Concentrated Solar Power (CSP)
  • Geography Outlook (USD Million, 2019 - 2032):
    • North America
      • United States
      • Canada
    • Europe
      • United Kingdom
      • Germany
      • France
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • India
      • Rest of Asia-Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • United Arab Emirates
      • South Africa
      • Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL India rooftop solar MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition   

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. India rooftop solar MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. India rooftop solar Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

    4.5.1. India rooftop solar Of Suppliers

    4.5.2. India rooftop solar Of Buyers

    4.5.3. Threat Of Substitutes

    4.5.4. Threat Of New Entrants

    4.5.5. Competitive Rivalry

Chapter 5. India rooftop solar MARKET BY type landscape

SIGHTS & TRENDS                                                               

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 Type 1

    5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Type 2

    5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.4 Type 3

    5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. India rooftop solar MARKET BY End user INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 Commercial

    6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 Industrial

    6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.4 Residential

    6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. India rooftop solar MARKET REGIONAL OUTLOOK

7.1. India rooftop solar Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

    7.2.1. North America India rooftop solar Market Estimates And Forecast, 2016 – 2027 (USD Million)

    7.2.2. North America India rooftop solar Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.3. North America India rooftop solar Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.4. North America India rooftop solar Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

    7.2.5.1. U.S. India rooftop solar Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.5.2. U.S. India rooftop solar Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.5.3. U.S. India rooftop solar Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.5.4. U.S. India rooftop solar Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

    7.2.6.1. Canada India rooftop solar Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.6.2. Canada India rooftop solar Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.6.3. Canada India rooftop solar Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.6.4. Canada India rooftop solar Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

    7.3.1. Europe India rooftop solar Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.2. Europe India rooftop solar Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.3. Europe India rooftop solar Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.4. Europe India rooftop solar Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

    7.3.5.1. Germany India rooftop solar Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.5.2. Germany India rooftop solar Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.5.3. Germany India rooftop solar Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.5.4. Germany India rooftop solar Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

    7.3.6.1. France India rooftop solar Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.6.2. France India rooftop solar Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.6.3. France India rooftop solar Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.6.4. France India rooftop solar Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

    7.3.7.1. U.K. India rooftop solar Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.7.2. U.K. India rooftop solar Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.7.3. U.K. India rooftop solar Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.7.4. U.K. India rooftop solar Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

    7.4.1. Asia Pacific India rooftop solar Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.2. Asia Pacific India rooftop solar Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.3. Asia Pacific India rooftop solar Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.4. Asia Pacific India rooftop solar Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

 7.4.5. CHINA

     7.4.5.1. China India rooftop solar Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.5.2. China India rooftop solar Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.5.3. China India rooftop solar Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.5.4. China India rooftop solar Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

     7.4.6.1. India India rooftop solar Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.6.2. India India rooftop solar Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.6.3. India India rooftop solar Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.6.4. India India rooftop solar Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

     7.4.7.1. Japan India rooftop solar Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.7.2. Japan India rooftop solar Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.7.3. Japan India rooftop solar Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.7.4. Japan India rooftop solar Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

    7.4.8.1. Australia India rooftop solar Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.8.2. Australia India rooftop solar Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.8.3. Australia India rooftop solar Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.8.4. Australia India rooftop solar Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

    7.5.1. Mea India rooftop solar Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.5.2. Mea India rooftop solar Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.5.3. Mea India rooftop solar Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.5.4. Mea India rooftop solar Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

     7.6.1. Latin America India rooftop solar Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.6.2. Latin America India rooftop solar Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.6.3. Latin America India rooftop solar Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.6.4. Latin America India rooftop solar Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

    7.6.5. Latin America India rooftop solar Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

    8.2.1. New Product Launches

    8.2.2. Investment & Expansion

    8.2.3. Acquisitions

    8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

     8.3.1. North American Suppliers

     8.3.2. European Suppliers

     8.3.3. Asia-Pacific Suppliers

     8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 Cleantech Solar Energy India Pvt Ltd

    9.1.1. Company Overview

    9.1.2. Financial Performance

    9.1.3. Product Insights

    9.1.4. Strategic Initiatives

9.2 Fourth Partner Energy Pvt Ltd

    9.2.1. Company Overview

    9.2.2. Financial Performance

    9.2.3. Product Insights

    9.2.4. Strategic Initiatives

9.3 Amplus Solar Power Pvt Ltd

    9.3.1. Company Overview

    9.3.2. Financial Performance

    9.3.3. Product Insights

    9.3.4. Strategic Initiatives

9.4 Tata Power Solar Systems Limited

    9.4.1. Company Overview

    9.4.2. Financial Performance

    9.4.3. Product Insights

    9.4.4. Strategic Initiatives

9.5 Growatt New Energy Technology CO.,LTD

    9.5.1. Company Overview

    9.5.2. Financial Performance

    9.5.3. Product Insights

    9.5.4. Strategic Initiatives

9.6 Company 6

    9.6.1. Company Overview

    9.6.2. Financial Performance

    9.6.3. Product Insights

    9.6.4. Strategic Initiatives

9.7 Company 7

   9.7.1. Company Overview

    9.7.2. Financial Performance

    9.7.3. Product Insights

    9.7.4. Strategic Initiatives

9.8 Company 8

    9.8.1. Company Overview

    9.8.2. Financial Performance

    9.8.3. Product Insights

    9.8.4. Strategic Initiatives

9.9 Company 9

    9.9.1. Company Overview

    9.9.2. Financial Performance

    9.9.3. Product Insights

    9.9.4. Strategic Initiatives

9.10 Company 10

    9.10.1. Company Overview

    9.10.2. Financial Performance

    9.10.3. Product Insights

    9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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