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Upcoming Allied Market Research
2022
Solar Roofing Market

Solar Roofing Market: by Grid Type (On-Grid Type, Off- Grid Type, Hybrid, and Grid-interactive); Application (Energy Consumers, Industrial, Commercial, Residential, and Others), Technology (Thin Film, Crystalline Silicon, Others) Region(North America, Europe, Asia-Pacific,LAMEA): Global Opportunity Analysis and Industry Forecast, 2021–2030

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Jul 2022 | 414 Views
   
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COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Solar Roofing Market

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Solar rooftop are solar panels set on top of roofs of buildings. They capture the sunlight energy emitted by the sun and change it into electrical energy. This apparatus is also called as solar rooftop photo-voltaic system. It generates a clean, Eco friendly form of energy, which means that it does not produce any form of pollution or toxic gases. Solar market all over the world is on a brink to make our mother earth a healthy and secure place to live. A solar rooftop panel only requires area and abundant amount of sunlight for efficient working, and on some days when the sun is low, batteries stored in the panels will work as an alternative.

COVID-19 Impact analysis

COVID-19 has had less impact on the wind and solar power projects as it depends on natural resources, i.e. wind and sunlight which has not been disturbed while at the other end of the spectrum rooftop solar projects are the most adversely affected in the renewable sector as most of them are small-sized companies and the pandemic put in a lot ho pressure on them.

Post lockdown and post pandemic, the industry will have to deal with the after effects as new solar roofing is not a necessity for consumers. With consumers dealing with several financial problems, solar roofing will be the least priority on their list resulting to a delay in the decisions with context the installation of solar rooftops.

Top Impacting Factors

A solar rooftop system converts sunlight energy into electricity energy with the help solar panels which are installed on the roof of any residential and non-residential building. These systems can  connect to the grid, or to the off-grid with battery depot. Solar rooftop panels enable safe, secure,noiseless power production, which makes them indispensable product. Cost-effective and efficient nature, lessening in technology prices, and increasing networks of solar installers helps to drive the market towards growth. Additionally, environmental concerns, increasing investment in clean energy, and low operating cost of a solar rooftop panels are some key factors boosting the market growth.

In many nations such as India and European nations, the policies for instance feed-in-tariff (FIT), portfolio standard (RPS), tax credits, pricing laws etc., have been formulated and enforced to encourage the use of solar energy.

Some policies for instance production incentives, quota requirements, trading systems, also have been formed to influence development of the target market.

Market Trends

  • Asia-Pacific region holds the largest share estimated at almost 50% in global solar rooftop market and is anticipated to grow at a high rate which will directly result into growth in sale of solar rooftop substantially. The rapid growth in industrial & commercial and utility sector in Asia-Pacific, requires a huge amount of electricity for their operations. , the government initiative for use of renewable energy is making the end user opt for solar energy. All these key factors will massively constitute for the growth of solar rooftop in this Asia-Pacific for forecast time.
  • The European regional market captured a revenue share of over 26.52%. U.K. registered for the highest income market share in Europe. Growing trend of producing power through renewable energy is supporting to the rising solar roofing market. Additionally, regulatory reforms with context to clean energy deployment are driving the regional market growth.
  • North America captured a significant market share, with the U.S. being the key revenue generator to regional growth. The rising requirement for clean fuel power generation along with the increasing capacity of residential solar is anticipated to boost product penetration across the country in the oncoming years.

 

Key Benefits of the Report

  • This study presents the analytical depiction of the solar roofing market industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the solar roofing market market share.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the solar roofing market market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed solar roofing market market analysis based on competitive intensity and how the competition will take shape in coming years

Key Market Segments

Segments Sub-segments
By Grid Type
  • On-grid
  • Off-grid
  • Hybrid
  • Grid Interactive
By Application
  • Residential
  • Commercial
  • Industrial
  • Others
By Capacity
  • Thin film
  • Crystalline Silicon
  • others
By Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Saudi Arab
    • South Africa
    • Rest of LAMEA


Key Market Players

  • JinkoSolar
  • JA Solar
  • Trina Solar
  • LONGi Solar
  • Canadian Solar
  • Hanwha Q-CELLS
  • Risen Energy
  • GCL-SI
  • First Solar
  • Talesun
  • SunPower Corporation
  • ReneSola
  • Shenzhen Yingli New Energy Resources Co., Ltd
  • E-Ton Solar
  • Indosolar
 
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