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.
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 End Use
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
The other players in the value chain (profiles not included in the report) are
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.
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
184.108.40.206. Growing demand for rooftop solar among residential applications
220.127.116.11. Increase in government initiatives such as feed-in-traif programs promoting market growth
18.104.22.168. Rise in grid connection issues and interconnection delays
22.214.171.124. Insufficient smart grid infrastructure
126.96.36.199. Increase in the price of fossil fuels
3.5. MARKET SHARE ANALYSIS, 2016 (%)
CHAPTER 4. ROOFTOP SOLAR PHOTOVOLTAIC (PV) INSTALLATION MARKET, BY TECHNOLOGY
4.1.1. 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
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast
188.8.131.52. Market size and forecast
184.108.40.206. Market size and forecast
CHAPTER 5. ROOFTOP SOLAR PHOTOVOLTAIC (PV) INSTALLATION MARKET, BY GRID TYPE
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
220.127.116.11. Market size and forecast
18.104.22.168. 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
6.1.1. Market size and forecast
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast
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
7.1.1. 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
22.214.171.124. Market size and forecast, by end-use
126.96.36.199. Market size and forecast, by end-use
188.8.131.52. Market size and forecast, by end-use
7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast
184.108.40.206. Market size and forecast, by end-use
220.127.116.11. Market size and forecast, by end-use
18.104.22.168. Market size and forecast, by end-use
22.214.171.124. Market size and forecast, by end-use
126.96.36.199. Market size and forecast, by end-use
7.3.8. Rest of Europe
188.8.131.52. Market size and forecast, by end-use
7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast
184.108.40.206. Market size and forecast, by end-use
220.127.116.11. Market size and forecast, by end-use
18.104.22.168. Market size and forecast, by end-use
22.214.171.124. Market size and forecast, by end-use
126.96.36.199. Market size and forecast, by end-use
7.4.8. Rest of Asia-Pacific
188.8.131.52. Market size and forecast, by end-use
7.5.1. Key market trends, growth factors, and opportunities
7.5.2. Market size and forecast
184.108.40.206. Market size and forecast, by end-use
220.127.116.11. Market size and forecast, by end-use
7.5.5. South Africa
18.104.22.168. Market size and forecast, by end-use
7.5.6. Rest of LAMEA
22.214.171.124 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
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.
- 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.
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.