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Solar Rooftop panels are an important part of solar panel installation. The main application of solar rooftop panel is to convert solar power into usable AC power. Solar rooftop panels enable safe and noiseless power generation, which makes them quintessential product in today’s world. Rooftop solar is increasingly cost-effective for residential, commercial, and industrial sector. Reductions in technology prices, innovative financing, and growing networks of solar installers and financial partners all helped drive down the prices for rooftop solar panel systems. Currently, the global solar rooftop sales market is increasing tremendously in influence of major drivers such as global environmental concerns, future energy supply security, increasing investment in clean energy, and low operating cost of a solar rooftop panels. Solar Rooftop Sales Market is expected to grow over the CAGR of around 21.17% during the period 2017 to 2023
The key players of Global Solar Rooftop Sales 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)
- ABB Ltd. (Switzerland).
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Market Research Analysis
Residential Solar Rooftop Sales is expected to grow at the fastest rate
Currently, there is a growing demand for solar rooftop systems in the residential rooftop applications. There is a significant fall in the prices of key components such as silver and poly-silicone that are used in the manufacturing of solar cells. A great advantage of the solar panel is its functioning without harmful emissions and noise. A gradual fall in the prices of industrial commodities used to manufacture solar panels, and the rising inflation in electricity and natural gas sector in the coming decade, are the major driving factors for the growth of the solar rooftop sales market in forecast period. Rise in electricity prices combined with cheaper solar panels will also drive the solar rooftop sales market, majorly. Some restraints of the market are its incapability to perform at night without backup, disturbance during certain abnormal climatic conditions such as cloudy weather even in daytime and expensive solar technologies.
Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Solar Rooftop Sales Market Research Report- Forecast to 2023”
Scope of the Report
This study provides an overview of the global solar rooftop sales market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global solar Rooftop Sales market by its product type, by system type, by end user and by region.
- >10 kW
- 11 kW- 100kW
- <100 kW
By End User
- North America
- Asia Pacific
- Rest of the World
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