The global rooftop solar photovoltaic (PV) market is growing significantly, due to the stringent environmental regulations across the globe, and increased awareness for the usage of solar energy around the world. Some of the other factors driving the growth of the global rooftop solar PV market are increasing energy demands, high concern for environment, and increased focus for the replacement of conventional energy sources.
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Moreover, the high rate of depletion of conventional energy sources, upsurge in the demand for reducing greenhouse gases, and massive unexplored rooftop solar PV market in developing countries, are creating ample opportunities for the growth of the global Roof top solar PV market, during the forecast period.
Geographically, Europe leads the global rooftop solar PV market, owing to the high adoption of solar energy and increasing compliance for green energy. In addition, the different governments in European countries are providing tax benefits to the manufacturers of solar panels, which is fueling the growth of the rooftop solar PV market in the region.
Germany leads the European rooftop solar PV market, due to the various government schemes for rooftop solar PV, such as financing schemes, direct capital subsidies, and green electricity schemes. Asia-Pacific is another prominent market for rooftop solar PV, which is witnessing significant growth, due to the upsurge in the rooftop solar PV installation, high energy demands, and increased government funding.
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The key players operating in the global rooftop solar PV market are Hanwha Q CELLS Co. Ltd., JA SOLAR Holdings Co. Ltd., SolarCity Corporation, Sungevity, Shunfeng International Clean Energy Limited, SunPower Corporation, SolarWorld AG, JinkoSolar Holding Co. Ltd., Yingli Green Energy Holding Company Limited, Trina Solar Limited, and Canadian Solar Inc.
Global Rooftop Solar PV market Segmentation
By End-user
- Commercial/Institutional Consumers
- Residential Consumers
By Geography
- North America
- Europe
- Asia-Pacific
- Rest of the World
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