Published on : Apr 03, 2018
Albany, New York, April 3, 2018: In the recent past, increased awareness for the usage of solar energy around the world has given significant impetus to the rooftop solar PV market. Market Research Hub (MRH) has recently publicized a study titled “Rooftop Solar PV Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2017 – 2025” to its wide repository, which offers a deep analysis of the latest trends and market expansion traits. This report presents the value (US$ Mn) and volume (MT) forecasts of the global rooftop solar PV market for the period 2017 to 2025. Further, a deep analysis on the major players from diverse regions is also present in the report.
According to this comprehensive research outcomes, global rooftop solar PV market revenue is anticipated to reach USD 184 bn by 2025. The report further projects that the global rooftop solar PV market is anticipated to exhibit double digit CAGR during the assessment period.
In the initial section, the research presents detailed overview of the market covering introduction that offers definition as well as taxonomy. Rooftop solar panels are an important renewable energy source that subsidizes to the eco-system, saves money and offers the highest form of energy. In the present time, rooftop solar PV systems are progressively getting popular as they provide off-grid and on-grid flexibility. Rooftop solar is widely used in commercial and industrial buildings as it provides benefits such as economical cost, less complexity, avoiding of cost of land, etc.
The later section talks about the market segmentation based on application, and region. All the mentioned sections target the introduction of the segment, along with historic and current market size as well as volume analysis. The geographical analysis section of the report offers clear understanding about the market and expansion across the prime regions including the Middle East and Africa (MEA), Europe, Asia Pacific, North America, and Latin America. Another important section of market dynamics identifies factors driving and restraining the growth of the global rooftop solar PV market. Some of the prime findings from the report include-
- In terms of geography, Europe accounted for the largest cumulative market share in terms of revenue and capacity for the rooftop solar PV market in 2016.
- In the coming years, Asia Pacific is expected to dominate the market with high demand from countries like China, India, Japan, Australia and South Korea.
- Based on the application, the market has been segmented into on-grid and off-grid. Out of these two, the off-grid rooftop solar PV segment held the major share of the market in 2016.
The final section of the study presents an exhaustive analysis focusing on the prime players operating in the global rooftop solar PV market. These are Sharp Corporation, Trina Solar, Pristine Sun LLC, Solimpeks Corporation, Kyocera Corporation, JA Solar Co. Ltd., Yingli Solar, Vikram Solar, Canadian Solar Limited, RelyOn Solar Pvt Ltd. and Sunshot Solar Co. Ltd.
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