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Rooftop Solar PV Market Size, Share & Trends Analysis Report 2020-2027 | Grand View Research, Inc.

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Rooftop Solar PV Market Size, Share & Trends Analysis Report 2020-2027 | Grand View Research, Inc.

October 21
16:50 2021
Rooftop Solar PV Market Size, Share & Trends Analysis Report 2020-2027 | Grand View Research, Inc.
“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, rising deployment of renewable energy for electricity generation along with the abundant availability of solar energy during the day is expected to drive the market growth

The global rooftop solar PV market size is expected to reach USD 75.87 billion by 2027, exhibiting a CAGR of 6.1% over the forecast period, according to a new report by Grand View Research, Inc. Growing deployment of renewable energy due to increased demand cleaner power generation sources are likely to strengthen the increasing demand for rooftop solar PVs.

Proliferating demand for rooftop solar photovoltaic across end-use sectors owing to significant price difference between retail electricity and solar-generated electricity is bound to provide a major boost to the market growth. In addition, rooftop solar PV modules have low maintenance cost and require no additional land space for installation as they can be set up on any type of roof.

Growing advancements in solar PV manufacturing technology has resulted in declining costs and higher efficiency of rooftop solar PV modules, thereby driving the product demand across several end-use applications. Moreover, government support in form of tax credits and installation subsidies will further propel the market growth over the forecast period.

Market players are emphasizing on developing innovative design technology due to growing need for decarbonization of energy sector and reduction of carbon footprint. Manufacturers aim to generate the most immediate payback period by enhancing the overall conversion efficiency of rooftop solar PV modules. The improved efficiency modules are projected to lower the levelized cost of electricity by three to four percent, thereby making solar-generated electricity the most competitive.

Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/rooftop-solar-pv-market

Rooftop Solar PV Market Report Highlights

• On grid segment accounted for the largest revenue share in 2019 owing to rising implementation of net metering and feed-in tariff policies

• Thin film technology segment occupied a significant revenue share in 2019. The dominant position can be attributed to its narrow design, strong durability, and advanced manufacturing technology of thin film modules

• Off-grid segment is projected to ascend at the highest CAGR over the forecast period owing to increasing demand for decentralized power generation

• Asia Pacific accounted for the majority of market share in 2019 and is expected to witness significant growth over the forecast period owing to growing solar energy share in the energy mix of developing economies such as China and India

For Requesting a Sample Copy of This Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/rooftop-solar-pv-market/request/rs1

Rooftop Solar PV Market Segmentation

Grand View Research has segmented the global rooftop solar PV market on the basis of technology, grid type, application, and region:

Rooftop Solar PV Technology Outlook (Revenue, USD Billion, 2016 – 2027)      

    • Thin Film                                            

    • Crystalline Silicon

    • Others                                                                                             

Rooftop Solar PV Grid Type Outlook (Revenue, USD Billion, 2016 – 2027)

    • On Grid

    • Off Grid

Rooftop Solar PV Application Outlook (Revenue, USD Billion, 2016 – 2027)    

    • Residential

    • Commercial

    • Industrial

Rooftop Solar PV Regional Outlook (Revenue, USD Billion, 2016 – 2027)

     • North America                                                    

        • U.S.

        • Mexico

        • Canada

     • Europe

        • Germany

        • U.K.

        • Spain

        • Italy

        • France

        • Russia

     • Asia Pacific

        • China

        • India

        • Japan

        • South Korea

        • Australia

     • Central & South America

        • Brazil

        • Colombia

        • Paraguay

     • Middle East & Africa

        • UAE

        • Saudi Arabia

        • Saudi Arabia

        • Egypt

List of Players in the Rooftop Solar PV Market

    • JA Solar

    • JinkoSolar

    • SunPower Corporation

    • Shenzhen Yingli New Energy Resources Co.,Ltd,

    • ReneSola

    • First Solar

    • Talesun

    • Trina Solar

    • LONGi Solar

    • Canadian Solar

    • Hanwha Q-CELLS

    • Risen Energy

    • GCL-SI

    • Indosolar

    • E-Ton Solar

Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/450545/ibb

Browse More Related Report:

U.S. Residential Solar PV Market Size, Share & Trends Analysis Report By Construction, By State (California, New York, Arizona, New Jersey, Massachusetts, Texas, Rest Of the U.S.), And Segment Forecasts, 2021 – 2028

About Grand View Research

Grand View Research is a market research and consulting company that offers market research reports, syndicated and customized reports. The company is headquartered in San Francisco, California. It offers client engagement for business consulting and market intelligence from various domains. The clientele is based across various countries with queries coming from more than 50 industries worldwide.

Grand View Research helps its clients to make informed decisions by helping them understand current trends and scenarios. Every year Grand View Research accomplishes more than 300 multi-country market studies to optimize consulting for clients. 

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Website: https://www.grandviewresearch.com/industry-analysis/rooftop-solar-pv-market