Global Rooftop Solar PV Market Report By Technology (Thin Film, Crystalline Silicon, Others), By Grid Type (On Grid, Off Grid), By Application (Residential, Commercial, Industrial) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2020-2027

ID:VMR11214217
April 2021
Report Formats:
Global Rooftop Solar PV Market Overview
The key driver impacting the rooftop solar PV market is the rapidly rising deployment of renewable energy for electricity generation, which is estimated to boost the market in the forecast period. For instance, As per the Center for Climate and Energy Solutions, Renewables accounted for  26.2 percent of global electricity generation in 2018. As per International Energy Agency(IEA), the share of renewable energy in global electricity generation reached nearly 28% in Q1 2020 from 26% in Q1 2019. Most of the increase will be supposed to come from solar, wind, and hydropower. The IEA estimation says that the Power generation from solar PV is increased by 22% in 2019, to 720 TWh, making the solar PV share in global electricity generation almost 3%. In the Sustainable Development Scenario (SDS), the electricity generation from solar PV may increase to 15% annually, from 720 TWh in 2019 to approximately 3 300 TWh in 2030. Moreover, government initiatives and policies such as federal tax incentives and annual net-metering schemes are estimated to be a significant factor that positively impacts market growth.
According to Value Market Research, the global rooftop solar PV market size was valued at around USD 60000 million in 2020 and is estimated to grow at a CAGR of about 9% during the forecast period of 2021 to 2027.

The rise in adoption of distributed PV technology in industrial and residential sectors leads to increased PV capacity, thus estimated to augment rooftop solar PVs demand in the forecast period. for instance, as per International Energy Agency(IEA), Global solar PV capacity additions are expected to reach nearly 107 GW in 2020. Globally, distributed solar PV capacity is estimated to rise by 250% reaching 530 GW by 2024. Industrial and commercial solar systems remain the largest growth segment. commercial and industrial solar PV capacity is expecteed  to increase from 150 GW in 2018 to 377 GW in 2024, with yearly capacity additions augmenting by 50% to 44 GW in 2024. China remains the leading growth market. residential solar PV capacity rises from 58 GW in 2018 to 143 GW in 2024, and yearly capacity additions are expanded with more than triple and likely to reach over 20 GW by 2024. China is forecasted to lead in installed residential solar PV capacity globally by 2024. After China, the United States is the second-largest growth market, with growth driven by federal annual net-metering schemes and tax incentives  in many states. however, the lack of robust smart grid infrastructure may hamper the global rooftop solar PV market in the long run. also, rising space constraints in the major cities globally negatively impact market growth. the current industry trends, such as high demand for rooftop solar among residential applications, growing electricity demand worldwide, are expected to provide market players with several market opportunities.

The rooftop solar PV market is vast, with many local and global players. the key leaders follow different strategies to improve their market position, such as contracts, mergers, contracts, extending product portfolio, acquisitions, expansions, and product innovations to improve their market share globally. the key players included in the report are JA Solar, SunPower Corporation, ReneSola, Talesun, LONGi Solar, Hanwha Q-CELLS, GCL-SI, E-Ton Solar, JinkoSolar, Shenzhen Yingli New Energy Resources Co., Ltd, First Solar, Trina Solar, Canadian Solar, Risen Energy, Indosolar, and E-Ton Solar.

Global Rooftop Solar PV Market Share

In this research report, the rooftop solar PV market is segmented by technology, grid type, application, and region.

Analysis by Technology:
By technology, the report is categorized into a thin film, crystalline silicon, and others. Thin-film dominates the technology segment with over 33% share in 2020. It is due to the rising demand from the commercial sector as they have lower installation costs due to their lightweight. Moreover, numerous advantages associated with this technology such as lightweight and flexible materials, strong durability, narrow design, require lower labor and energy intensity, contribute to the high demand for thin-film technology in the forecast period.

Analysis by Grid Type:
By grid type, the report is categorized into on-grid and off-grid. The on-grid dominates the grid type segment with over 80% share in 2020. It is due to the non-complexity of grid-connected rooftop PV systems with low maintenance and operating costs. Moreover, it offers several advantages, such as transferring the surplus electricity generated to the grid, and no need to install battery storage near the system source drives the market demand from the on-grid in the forecast period.

Analysis by Application:
 By applications, the report is categorized into residential, commercial, and industrial. The industrial sector dominates the application segment with over 37.5% share in 2020. It is due to the massive adoption of rooftop solar as it gives energy for industrial cooling and heating. Moreover, it offers several advantages such as cost-effectiveness and has a comparatively stable load profile during the day that can facilitate considerable savings on electricity bills thus, drives the market demand from the industrial sector in the forecast period.

Analysis by Region:
 In the regional outlook of the global rooftop solar PV market, the Asia Pacific region dominates with a 30% market share during the forecast period. It is due to the rising investments in solar power projects and favorable government initiatives and policies offering financial subsidies and incentives to solar PV projects by the governments in India, China, Thailand, and Malaysia. Moreover, China represents the largest market for both photovoltaics and solar energy globally, with the presence of key market players contributing to the development of the rooftop solar PV market across the Asia Pacific.

Market Segmentation covered in the Report:
By Technology
  • Thin Film
  • Crystalline Silicon
  • Others
By Grid Type
  • On Grid
  • Off Grid
By Application
  • Residential
  • Commercial
  • Industrial
By Region
  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • The Middle East and Africa
METHODOLOGY

This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. 

If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.   

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Market
       2.2. Global Market Snapshot
 
3 . ROOFTOP SOLAR PV – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 By Technology
           3.7.2 By Grid Type
           3.7.3 By Application
           3.7.4 By Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL ROOFTOP SOLAR PV MARKET ANALYSIS BY TECHNOLOGY
       6.1 Overview by Technology
       6.2 Historical and Forecast Data
       6.3 Analysis by Technology
       6.4 Thin Film Market by Regions
       6.5 Crystalline Silicon Market by Regions
       6.6 Others Market by Regions
 
7 . GLOBAL ROOFTOP SOLAR PV MARKET ANALYSIS BY GRID TYPE
       7.1 Overview by Grid Type
       7.2 Historical and Forecast Data
       7.3 Analysis by Grid Type
       7.4 On Grid Market by Regions
       7.5 Off Grid Market by Regions
 
8 . GLOBAL ROOFTOP SOLAR PV MARKET ANALYSIS BY APPLICATION
       8.1 Overview by Application
       8.2 Historical and Forecast Data
       8.3 Analysis by Application
       8.4 Residential Market by Regions
       8.5 Commercial Market by Regions
       8.6 Industrial Market by Regions
 
9 . GLOBAL ROOFTOP SOLAR PV MARKET ANALYSIS BY GEOGRAPHY
       9.1. Regional Outlook
       9.2. Introduction
       9.3. North America
           9.3.1. Overview, Historic and Forecast Data
           9.3.2. North America By Segment
           9.3.3. North America By Country
           9.3.4. United State
           9.3.5. Canada
           9.3.6. Mexico
       9.4. Europe
           9.4.1. Overview, Historic and Forecast Data
           9.4.2. Europe by Segment
           9.4.3. Europe by Country
           9.4.4. United Kingdom
           9.4.5. France
           9.4.6. Germany
           9.4.7. Italy
           9.4.8. Russia
           9.4.9. Rest Of Europe
       9.5. Asia Pacific
           9.5.1. Overview, Historic and Forecast Data
           9.5.2. Asia Pacific by Segment
           9.5.3. Asia Pacific by Country
           9.5.4. China
           9.5.5. India
           9.5.6. Japan
           9.5.7. South Korea
           9.5.8. Australia
           9.5.9. Rest Of Asia Pacific
       9.6. Latin America
           9.6.1. Overview, Historic and Forecast Data
           9.6.2. Latin America by Segment
           9.6.3. Latin America by Country
           9.6.4. Brazil
           9.6.5. Argentina
           9.6.6. Peru
           9.6.7. Chile
           9.6.8. Rest of Latin America
       9.7. Middle East & Africa
           9.7.1. Overview, Historic and Forecast Data
           9.7.2. Middle East & Africa by Segment
           9.7.3. Middle East & Africa by Country
           9.7.4. Saudi Arabia
           9.7.5. UAE
           9.7.6. Israel
           9.7.7. South Africa
           9.7.8. Rest Of Middle East And Africa
 
10 . COMPETITIVE LANDSCAPE OF THE ROOFTOP SOLAR PV COMPANIES
       10.1. Rooftop Solar Pv Market Competition
       10.2. Partnership/Collaboration/Agreement
       10.3. Merger And Acquisitions
       10.4. New Product Launch
       10.5. Other Developments
 
11 . COMPANY PROFILES OF ROOFTOP SOLAR PV INDUSTRY
       11.1. Company Share Analysis
       11.2. Market Concentration Rate
       11.3. JA Solar
           11.3.1. Company Overview
           11.3.2. Financials
           11.3.3. Products
           11.3.4. Recent Developments
       11.4. SunPower Corporation
           11.4.1. Company Overview
           11.4.2. Financials
           11.4.3. Products
           11.4.4. Recent Developments
       11.5. ReneSola
           11.5.1. Company Overview
           11.5.2. Financials
           11.5.3. Products
           11.5.4. Recent Developments
       11.6. Talesun
           11.6.1. Company Overview
           11.6.2. Financials
           11.6.3. Products
           11.6.4. Recent Developments
       11.7. LONGi Solar
           11.7.1. Company Overview
           11.7.2. Financials
           11.7.3. Products
           11.7.4. Recent Developments
       11.8. Hanwha Q-CELLS
           11.8.1. Company Overview
           11.8.2. Financials
           11.8.3. Products
           11.8.4. Recent Developments
       11.9. GCL-SI
           11.9.1. Company Overview
           11.9.2. Financials
           11.9.3. Products
           11.9.4. Recent Developments
       11.10. E-Ton Solar
           11.10.1. Company Overview
           11.10.2. Financials
           11.10.3. Products
           11.10.4. Recent Developments
       11.11. JinkoSolar
           11.11.1. Company Overview
           11.11.2. Financials
           11.11.3. Products
           11.11.4. Recent Developments
       11.12. Shenzhen Yingli New Energy Resources Co., Ltd
           11.12.1. Company Overview
           11.12.2. Financials
           11.12.3. Products
           11.12.4. Recent Developments
       11.13. First Solar
           11.13.1. Company Overview
           11.13.2. Financials
           11.13.3. Products
           11.13.4. Recent Developments
       11.14. Trina Solar
           11.14.1. Company Overview
           11.14.2. Financials
           11.14.3. Products
           11.14.4. Recent Developments
       11.15. Canadian Solar
           11.15.1. Company Overview
           11.15.2. Financials
           11.15.3. Products
           11.15.4. Recent Developments
       11.16. Risen Energy
           11.16.1. Company Overview
           11.16.2. Financials
           11.16.3. Products
           11.16.4. Recent Developments
       11.17. Indosolar
           11.17.1. Company Overview
           11.17.2. Financials
           11.17.3. Products
           11.17.4. Recent Developments
       11.18. E-Ton Solar
           11.18.1. Company Overview
           11.18.2. Financials
           11.18.3. Products
           11.18.4. Recent Developments
 
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
 
 LIST OF TABLES
 

  •  Market Snapshot
  •  Drivers : Impact Analysis
  •  Restraints : Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  •  COVID-19: Micro and Macro Factor Analysis
  •  Analysis by Technology (USD MN)
  •  Thin Film Market by Geography (USD MN)
  •  Crystalline Silicon Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Analysis Market by Grid Type (USD MN)
  •  On Grid Market by Geography (USD MN)
  •  Off Grid Market by Geography (USD MN)
  •  Analysis by Application (USD MN)
  •  Residential Market by Geography (USD MN)
  •  Commercial Market by Geography (USD MN)
  •  Industrial Market by Geography (USD MN)
  •  Global Rooftop Solar Pv Market by Geography (USD MN)
  •  North America Market Analysis (USD MN)
  •  United State Market Analysis (USD MN)
  •  Canada Market Analysis (USD MN)
  •  Mexico Market Analysis (USD MN)
  •  Europe Market Analysis (USD MN)
  •  Europe Market Estimate by Country (USD MN)
  •  United Kingdom Market Analysis (USD MN)
  •  France Market Analysis (USD MN)
  •  Germany Market Analysis (USD MN)
  •  Italy Market Analysis (USD MN)
  •  Russia Market Analysis (USD MN)
  •  Spain Market Analysis (USD MN)
  •  Rest of Europe Market Analysis (USD MN)
  •  Asia Pacific Market Analysis (USD MN)
  •  China Market Analysis (USD MN)
  •  Japan Market Analysis (USD MN)
  •  India Market Analysis (USD MN)
  •  South Korea Market Analysis (USD MN)
  •  Australia Market Analysis (USD MN)
  •  Rest of Asia Pacific Market Analysis (USD MN)
  •  Latin America Market Analysis (USD MN)
  •  Brazil Market Analysis (USD MN)
  •  Argentina Market Analysis (USD MN)
  •  Peru Market Analysis (USD MN)
  •  Chile Market Analysis (USD MN)
  •  Rest of Latin America Market Analysis (USD MN)
  •  Middle East & Africa Market Analysis (USD MN)
  •  Saudi Arabia Market Analysis (USD MN)
  •  UAE Market Analysis (USD MN)
  •  Israel Market Analysis (USD MN)
  •  South Africa Market Analysis (USD MN)
  •  Rest of Middle East and Africa Market Analysis (USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
 
 LIST OF FIGURES
 
  •  Research Scope of Rooftop Solar Pv Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Rooftop Solar Pv Market Size, by Region (USD MN)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Technology
  •  Market Attractiveness Analysis by Grid Type
  •  Market Attractiveness Analysis by Application
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Market Analysis by Technology (USD MN)
  •  Thin Film Market by Geography (USD MN)
  •  Crystalline Silicon Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Global Market Analysis by Grid Type (USD MN)
  •  On Grid Market by Geography (USD MN)
  •  Off Grid Market by Geography (USD MN)
  •  Global Market Analysis by Application (USD MN)
  •  Residential Market by Geography (USD MN)
  •  Commercial Market by Geography (USD MN)
  •  Industrial Market by Geography (USD MN)
  •  Global Market by Revenue
  •  North America Market by Revenue
  •  Europe Market by Revenue
  •  Asia Pacific Market by Revenue
  •  Latin America Market by Revenue
  •  Middle East & Africa Market by Revenue
  •  Recent Development in Industry
  •  Company Market Share Analysis, 2020
 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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