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Rooftop Solar Market - Growth, Trends, and Forecast (2020 - 2025)

  • ID: 4997191
  • Report
  • March 2020
  • Region: Global
  • 120 pages
  • Mordor Intelligence

FEATURED COMPANIES

  • Elemental Energy Inc.
  • Infinity Energy Inc.
  • Momentum Solar
  • Petersen-Dean Inc.
  • Powerhome LLC
  • ReVision Energy LLC
  • MORE
Rooftop solar market is expected to grow with the increasing deployment of solar energy in both residential and commercial use. During 2018, the installed capacity of the solar photovoltaic (PV) market increased by around 25%, from 407 GW installed capacity during 2017. It is estimated that the rooftop solar PV installation market to grow with increasing installed capacity of solar PV, which is expected to get increased at a CAGR of around 8.5% during the forecast period. The government policies that drives the rooftop solar installation market include net metering, that allows the users to receive credit on its electricity bill by selling excess electricity that the user generates through its solar photovoltaic installations. Moreover, a reduction in the installation cost of solar photovoltaic panels helps the market to expand. However, cost for electricity storage on battery is quite high, which require grid battery to store electricity during night. However, increasing space constraints in the major cities across the globe is driving the demand for offshore wind energy and other alternative renewable energy sources. This factor is expected to hinder the growth of the market studied.

Residential rooftop installation is one of the prominent segment under rooftop solar PV installations, that are used to generate electricity for residential purpose. Apart from residential rooftop solar photovoltaic installations, commercial and industrial rooftop installations are expected to grow with smart city initiatives.

With the highest installed capacity of solar photovoltaic in 2018 and a growing population to nearly 4.5 billion by 2025, Asia Pacific is expected to have significant growth and opportunity for the rooftop solar photovoltaic installation market.

Europe is one of the significant regions with the highest rooftop solar PV installations. Netherlands is one of the prominent countries in the region which has a major share of the market.

Key Market Trends

Residential Rooftop Solar Photovoltaic Installation to Witness a Significant Growth
  • Solar photovoltaic mounted on the rooftop of a residential building used to generate electricity are know as residential rooftop solar PV. The installation includes photovoltaic modules, mounting systems, cables, and other electrical accessories.
  • It is expected that nearly 1.8% of homes across the largest metro areas around the world have installed the rooftop solar PV. California in the United States is the prominent state to have the highest penetration in this segment.
  • San Diego and San Francisco are the major cities to have the highest percentage of residents that installed rooftop solar PV. Moreover, the cities are expected to have around 12-15% penetration level during the forecasting period.
  • During the FY 2019-20, Government of India has released a huge subsidiary to expand the residential rooftop PV installation market. The government has initiated subsidy rate depending upon kilowatts of solar PV installed. Such initiation from the government side is expected to expand the residential solar PV installation in India.
Europe as a Significant Market
  • During 2018, Europe has a significant rooftop solar PV of around 80 gigawatts (GW) installed capacity. The market for rooftop solar installation is segregated into residential, commercial, and industrial. Commercial rooftop solar PV has the highest install capacity in the region.
  • Furthermore, it is expected that nearly 680-Terawatt hours of electricity can be generated if the rooftop across the region installs the rooftop solar PV.
  • 100 Electricity Finland Oy, 3 COMM Telecommunications Ltd., 3 Energy, 360 Tech Engineering, 3K, and 4M Energy are few prominent companies that provide installation of rooftop solar PV in the European region.
  • Europe has potential to have a significant growth in rooftop PV installation market. Germany is one of the potential country that have nearly 7900 square kilometre of rooftop area, which is estimated to produce nearly 680,276 gigawatt-hours of electricity a year.
Competitive Landscape

The rooftop solar market is fragmented. Some of the key players in the market include Titan Solar Power NV Inc, Momentum Solar, Petersen-Dean Inc., Elemental Energy Inc., Semper Solaris Construction Inc., and POWERHOME Solar.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

This report will be delivered within 2 business days.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Elemental Energy Inc.
  • Infinity Energy Inc.
  • Momentum Solar
  • Petersen-Dean Inc.
  • Powerhome LLC
  • ReVision Energy LLC
  • MORE
1 INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY

4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2025
4.3 Rooftop Solar Photovoltaic (PV) Installed Market in GW, till 2025
4.4 Recent Trends and Developments
4.5 Government Policies and Regulations
4.6 Market Dynamics
4.6.1 Drivers
4.6.2 Restraints
4.7 Supply Chain Analysis
4.8 Porter's Five Forces Analysis
4.8.1 Bargaining Power of Suppliers
4.8.2 Bargaining Power of Consumers
4.8.3 Threat of New Entrants
4.8.4 Threat of Substitute Products and Services
4.8.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 Location of Deployment
5.1.1 Residential
5.1.2 Commercial and Industrial
5.2 Geography
5.2.1 North America
5.2.2 Asia-Pacific
5.2.3 Europe
5.2.4 South America
5.2.5 Middle-East and Africa

6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Titan Solar Power NV Inc.
6.3.2 Momentum Solar
6.3.3 Petersen-Dean Inc.
6.3.4 Elemental Energy Inc.
6.3.5 Semper Solaris Construction Inc.
6.3.6 Powerhome LLC
6.3.7 ReVision Energy LLC
6.3.8 Sunpro Solar Inc.
6.3.9 Baker Electric Home Energy
6.3.10 Infinity Energy Inc.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Note: Product cover images may vary from those shown
  • Titan Solar Power NV Inc.
  • Momentum Solar
  • Petersen-Dean Inc.
  • Elemental Energy Inc.
  • Semper Solaris Construction Inc.
  • Powerhome LLC
  • ReVision Energy LLC
  • Sunpro Solar Inc.
  • Baker Electric Home Energy
  • Infinity Energy Inc.
Note: Product cover images may vary from those shown

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