Rooftop Solar Photovoltaic - Global Opportunity Analysis and Industry Forecast, 2017-2023

  • ID: 4333217
  • Report
  • Region: Global
  • 210 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • Canadian Solar Inc.
  • First Solar Inc.
  • Schott Solar Ag.
  • Sharp Corporation
  • Solar World Ag
  • Sun Power Corporation
  • MORE
The global rooftop solar photovoltaic (PV) market was valued at $29,770 million in 2016, and is anticipated to grow at a CAGR of 11.2% to reach $64,671 million from 2017 to 2023. Rooftop solar photovoltaic (PV) materials are devices, which convert sunlight into electrical energy. These are known as solar cells and are made of several semiconductor materials. Single photovoltaic device is known as a cell, which is small in size and produces about 1 to 2 watts of power. Moreover, these cells are connected in series to form larger units called modules to boost the power output of photovoltaic cells. In addition, individual PV modules are connected in series to form an array. Moreover, one or more arrays are then connected to the electrical grid, which forms a complete PV system. Therefore, due to formation of this modular structure, these systems can meet small to big power requirements.

The global rooftop solar photovoltaic installation market has witnessed an increase in demand, owing to the availability of solar energy and increase in demand for electricity. Moreover, various encouraging and incentivized steps are taken by government, such as feed-in-tariff coupled with introduction of gross metering policy has further led to development of rooftop solar PV. In addition, rise in adoption of distributed PV technology globally is expected to boost the market growth. Furthermore, affordability of these installations has increased, owing to high levels of market competition. Moreover, growth of property value and durability contribute to the market growth in residential areas. However, lack of robust smart grid infrastructure restrains the market growth.

The global rooftop solar photovoltaic (PV) installation market is segmented based on technology, grid-type, end use, and geography. On the basis of technology, it is classified into thin film and crystalline silicon. Crystalline silicon is further divided into monocrystalline and multi crystalline. On the basis of grid-type, it is bifurcated into grid connected and off-grid. Grid connected is further categorized into centralized and decentralized. By end use, the market is classified into residential and commercial. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key market players in this sector include

Suntech Power Holding Co. Ltd.
Sun Power Corporation
First Solar Inc.
Yingli Green Energy Holding Co. Ltd.
Canadian Solar Inc.
Schott Solar Ag.
Sharp Corporation
Solar World Ag
Jinko Solar Holding Company Ltd. Corporation
Trina Solar Ltd.

KEY BENEFITS FOR STAKEHOLDERS

This report provides a quantitative analysis of the current trends, estimations, and dynamics from 2016 to 2023, which assists to identify the prevailing market opportunities.
Major countries in each region are studied as per key trends, developments, and presence of industry players in the market.
Region-wise and country-wise market conditions are comprehensively analyzed in the report.
This study evaluates the value chain to understand the competitive environment across geographies.
An in-depth analysis of segmentation is provided to elucidate the dominant market opportunities.

KEY MARKET SEGMENTS

By Technology

Thin Film
Crystalline Silicon
Monocrystalline
Multicrystalline

By Grid-type

Grid Connected
Centralized
Decentralized
Off-Grid
By End Use

Residential
Non-residential

By Geography

North America
U.S.
Canada
Mexico
Europe
France
Germany
UK
Spain
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
Australia
Korea
Rest of Asia-Pacific
LAMEA
Brazil
Chile
South Africa
Rest of LAMEA

The other players in the value chain (profiles not included in the report) are

Kaneka Corporation
Kyocera Corporation
Panasonic Corporation
Renesola Co. Ltd.
BP Solar International
Bloo Solar Inc.
1366 Technologies Inc.
3GSolar Photovoltaics Ltd.
*The above list of companies is not profiled in the report, but can be added based on client interest.
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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Canadian Solar Inc.
  • First Solar Inc.
  • Schott Solar Ag.
  • Sharp Corporation
  • Solar World Ag
  • Sun Power Corporation
  • MORE
CHAPTER 1. INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENT
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tool & model

CHAPTER 2. EXECUTIVE SUMMARY

2.1. MARKET SNAPSHOT
2.2. CXO PERSPECTIVES

CHAPTER 3. MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. PORTERS FIVE FORCES ANALYSIS
3.4. MARKET DYNAMICS

3.4.1. Drivers

3.4.1.1. Growing demand for rooftop solar among residential applications
3.4.1.2. Increase in government initiatives such as feed-in-traif programs promoting market growth

3.4.2. Restraints

3.4.2.1. Rise in grid connection issues and interconnection delays
3.4.2.2. Insufficient smart grid infrastructure

3.4.3. Opportunities

3.4.3.1. Increase in the price of fossil fuels

3.5. MARKET SHARE ANALYSIS, 2016 (%)

CHAPTER 4. ROOFTOP SOLAR PHOTOVOLTAIC (PV) INSTALLATION MARKET, BY TECHNOLOGY

4.1. INTRODUCTION

4.1.1. Market size and forecast

4.2. THIN FILM

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast

4.3. CRYSTALLINE

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast
4.3.3. Monocrystalline

4.3.3.1. Market size and forecast

4.3.4. Microcrystalline

4.3.4.1. Market size and forecast

CHAPTER 5. ROOFTOP SOLAR PHOTOVOLTAIC (PV) INSTALLATION MARKET, BY GRID TYPE

5.1. INTRODUCTION

5.1.1. Market size and forecast

5.2. GRID CONNECTED

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast
5.2.3. Centralized

5.2.3.1. Market size and forecast

5.2.4. Decentralized

5.2.4.1. Market size and forecast

5.3. OFF GRID

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast

CHAPTER 6. ROOFTOP SOLAR PHOTOVOLTAIC (PV) INSTALLATION MARKET, BY END-USE

6.1. INTRODUCTION

6.1.1. Market size and forecast

6.2. RESIDENTIAL

6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast

6.3. NON-RESIDENTIAL

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast

CHAPTER 7. ROOFTOP SOLAR PHOTOVOLTAIC (PV) INSTALLATION MARKET, BY GEOGRAPHY

7.1. INTRODUCTION

7.1.1. Market size and forecast

7.2. NORTH AMERICA

7.2.1. Key market trends, growth factors, and opportunities
7.2.2. Market size and forecast
7.2.3. U.S.

7.2.3.1. Market size and forecast, by end-use

7.2.4. Canada

7.2.4.1. Market size and forecast, by end-use

7.2.5. Mexico

7.2.5.1. Market size and forecast, by end-use

7.3. EUROPE

7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast
7.3.3. Germany

7.3.3.1. Market size and forecast, by end-use

7.3.4. France

7.3.4.1. Market size and forecast, by end-use

7.3.5. UK

7.3.5.1. Market size and forecast, by end-use

7.3.6. Spain

7.3.6.1. Market size and forecast, by end-use

7.3.7. Italy

7.3.7.1. Market size and forecast, by end-use

7.3.8. Rest of Europe

7.3.8.1. Market size and forecast, by end-use

7.4. ASIA-PACIFIC

7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast
7.4.3. India

7.4.3.1. Market size and forecast, by end-use

7.4.4. China

7.4.4.1. Market size and forecast, by end-use

7.4.5. Japan

7.4.5.1. Market size and forecast, by end-use

7.4.6. Australia

7.4.6.1. Market size and forecast, by end-use

7.4.7. Korea

7.4.7.1. Market size and forecast, by end-use

7.4.8. Rest of Asia-Pacific

7.4.8.1. Market size and forecast, by end-use

7.5. LAMEA

7.5.1. Key market trends, growth factors, and opportunities
7.5.2. Market size and forecast
7.5.3. Brazil

7.5.3.1. Market size and forecast, by end-use

7.5.4. Chile

7.5.4.1. Market size and forecast, by end-use

7.5.5. South Africa

7.5.5.1. Market size and forecast, by end-use

7.5.6. Rest of LAMEA

7.5.6.1 Market size and forecast, by end-use

CHAPTER 8. COMPANY PROFILES

8.1. SUNTECH POWER HOLDING CO. LTD

8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Operating business segments
8.1.4. Business performance
8.1.5. Key strategic moves and developments

8.2. SUN POWER CORPORATION

8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Business performance
8.2.5. Key strategic moves and developments

8.3. FIRST SOLAR INC.

8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segments
8.3.4. Business performance
8.3.5. Key strategic moves and developments

8.4. YINGLI GREEN ENERGY HOLDING CO. LTD.

8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.4.4. Business performance
8.4.5. Key strategic moves and developments

8.5. CANADIAN SOLAR INC.

8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Business performance
8.5.5. Key strategic moves and developments

8.6. SCHOTT SOLAR AG

8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Operating business segments
8.6.4. Business performance
8.6.5. Key strategic moves and developments

8.7. SHARP CORPORATION

8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Business performance
8.7.5. Key strategic moves and developments

8.8. SOLAR WORLD AG

8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segments
8.8.4. Business performance
8.8.5. Key strategic moves and developments

8.9. JINKO SOLAR HOLDING COMPANY LTD.

8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Operating business segments
8.9.4. Business performance
8.9.5. Key strategic moves and developments

8.10. TRINA SOLAR LTD.

8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Operating business segments
8.10.4. Business performance
8.10.5. Key strategic moves and developments
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FEATURED COMPANIES

  • Canadian Solar Inc.
  • First Solar Inc.
  • Schott Solar Ag.
  • Sharp Corporation
  • Solar World Ag
  • Sun Power Corporation
  • MORE
According to a new report titled, "Rooftop Solar Photovoltaic (PV) Installation Market by Technology, Grid-type, and End Use: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global solar photovoltaic installation market was valued at $29,770 million in 2016, and is projected to reach $64,671 million by 2023, growing at a CAGR of 11.2% from 2017 to 2023. The crystalline silicon solar photovoltaic segment accounted for the maximum share of total market in 2016.
Rooftop solar exhibits an enormous potential by the complete utilization of unutilized rooftops. Rooftop solar PV are employed in urban areas, owing to availability of taller and multi-storey buildings. Moreover, solar RTPV systems exhibit huge potential in the developing countries, such as India, where transmission and distribution losses through utility are more than 30%. Furthermore, the increase in demand for energy coupled with depletion of fossil fuels, has further led to the demand of rooftop solar PV systems in both residential and commercial spaces.
At present, the global rooftop solar photovoltaic installation market witnesses numerous opportunities, owing to rapid increase in development of renewable power in Asia-Pacific and LAMEA to cope with the increase in electricity demand. In addition, the market is driven by implementation of domestic content laws and rise in photovoltaic installation projects, owing to expiration of federal investment tax credit (ITC). Moreover, in the developed economies, such as the U.S., solar photovoltaic has proved to be an economic alternative at the time of high power requirement. In addition, the success of distributed solar and rapidly reducing cost has led some U.S. utilities to establish their own solar installations, such as residential and community projects. However, rapid fluctuations of generation from photovoltaic systems due to availability of intermittent clouds leads to generation of variable voltage affecting the large power grid, which is expected to restrict the market growth. Furthermore, distribution of solar panels over a larger area acts an emerging opportunity for market growth.
The crystalline silicon solar photovoltaic segment accounted for the maximum share, in terms of volume, in 2016. Moreover, this segment witnesses strong demand in countries, such as China and Japan, owing to the strong development of the residential rooftop segment and increased demand for high-efficiency products. In addition, monocrystalline technology is expected to witness strong growth, owing to technological advancements and greater solar efficiency.

Key Findings of the Rooftop Solar Photovoltaic (PV) Installation Market:
In terms of value, the mono-crystalline solar photovoltaic segment is anticipated to exhibit the highest growth rate of 12.1% during the analysis period.
Asia-Pacific is anticipated to lead the market in 2013, and is projected to grow with a CAGR of 12.6%, in terms of value, during the forecast period.
The non-residential type segment occupied nearly half of the total market in 2016.
Germany occupied nearly half of the total Europe solar photovoltaic installation market in 2016.
In terms of value, Japan is expected to grow at a CAGR of 11.9% from 2017 to 2023.
In 2016, Asia-Pacific accounted for nearly half of the total rooftop solar photovoltaic installation market, and is expected to continue this trend, owing to rapid rooftop solar photovoltaic installations, specifically in China, India, Japan, and the other developing countries.
The major companies profiled in the report include Suntech Power Holding Co. Ltd., Sun Power Corporation, First Solar Inc., Yingli Green Energy Holding Co. Ltd., Canadian Solar Inc., Schott Solar Ag., Sharp Corporation, Solar World Ag, Jinko Solar Holding Company Ltd. Corporation, and Trina Solar Ltd.
Note: Product cover images may vary from those shown
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  • Suntech Power Holding Co. Ltd.
  • Sun Power Corporation
  • First Solar Inc.
  • Yingli Green Energy Holding Co. Ltd.
  • Canadian Solar Inc.
  • Schott Solar Ag.
  • Sharp Corporation
  • Solar World Ag
  • Jinko Solar Holding Company Ltd. Corporation
  • Trina Solar Ltd.
Note: Product cover images may vary from those shown
6 of 5
Note: Product cover images may vary from those shown
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