Rooftop Solar Panel Market to see Huge Growth by 2029

The global rooftop solar panel market is anticipated to grow at a CAGR of nearly 8.2% during the forecast period. Rooftop solar photovoltaic (PV) is considered a secure investment for end-use customers against the fluctuating electricity price. The less price of the rooftop solar panel installation as compared to electricity price is propelling the growth of the market. Rooftop solar PV panels and related equipment includes inverters, meters, junction boxes, transformers, cables, batteries, and monitoring and mounting unit are gaining widespread adoption among customers owing to the flexible nature of on-grid and off-grid installation. The market is rapidly growing and is showing promising growth opportunities during the forecast period majorly coupled with the increasing demand for renewable energy and government subsidies for the adoption of solar panels. 

The governments of different countries initiate policies to provide incentives to solar panel owners to reduce the installation cost load.  Government support in the form of incentives, reduction in tariff, and tax credits are expected to offer ample opportunities for the growth of the rooftop solar panel market. Additionally, several economies around the globe are setting targets and introducing policies for promoting renewable energy and reducing greenhouse gas (GHG) emissions. In addition, economies such as Australia and the US are developing solar cities. The government provides incentives to deploy solar plants in various sectors such as residential, industrial, commercial, and so on. However, the high installation cost is acting as a restraining factor for the growth of the market. Segmental Outlook 

The market is segmented based on type and end-user. Based on the type, the market is segmented into monocrystalline silicon rooftop solar panel, polycrystalline silicon rooftop solar panel, thin-film rooftop solar panel, and others. Further, thin-film rooftop solar panels are segmented into amorphous silicon (a-Si), cadmium telluride (CdTe), and copper indium gallium selenide (CIS/CIGS). Based on the end-user, the market is segmented into the household and corporate sector. 

To Request a Sample of our Report on Rooftop Solar Panel Market:  https://www.omrglobal.com/request-sample/rooftop-solar-panel-market

Market Coverage

  • The market number available for – 2021-2030
  • Base year- 2022
  • Forecast period- 2023-2030
  • Segment Covered- 
  • By Panel Type
  • By End-User 
  • Competitive Landscape – Evergreen Solar, JA SOLAR Technology Co., Ltd., Sharp Corp., Suzhou Talesun Solar Technology Co., Ltd, Tata Power Solar Systems Ltd, and others.

 Rooftop Solar Panel Market Report Segment

 By Type

  • Monocrystalline Silicon Rooftop Solar Panel
  • Polycrystalline Silicon Rooftop Solar Panel
  • Thin-Film Rooftop Solar Panel
  • Amorphous Silicon (a-Si)
  • Cadmium Telluride (CdTe)
  • Copper Indium Gallium Selenide (CIS/CIGS)
  • Others

By End-User

  • Household Sector
  • Corporate Sector

A full Report of Rooftop Solar Panel Market is Available at:  https://www.omrglobal.com/industry-reports/rooftop-solar-panel-market

Regional Analysis

North America

  • United States
  • Canada

Europe

  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe

Asia-Pacific

  • India
  • China
  • Japan
  • Rest oF APAC

Rest of The World

  • Middle East & Africa 
  • Latin America 

Company Profiles 

  • Allpowers Industrial International Ltd.
  • CSUN Solar Tech Co., Ltd.
  • DelSolar Co., Ltd.
  • Evergreen Solar, Inc.
  • Hanwha Corp.
  • Juwi AG
  • Kyocera Corp.
  • Motech Industries, Inc.
  • Neo Solar Power Corp.
  • Renesola Zhejiang, Ltd.
  • Risen Energy Co., Ltd.
  • Sharp Corp
  • Shenzhen Portable Electronic Technology Co., Ltd.
  • Shunfeng International Clean Energy, Ltd. (SFCE).
  • SoloPower Systems, Inc.
  • SunEdison Inc.
  • Tata Power Solar Systems Ltd.
  • Trina Solar Energy Co., Ltd.
  • Vikram Solar Ltd.
  • Wuxi Suntech Power Co., Ltd.
  • Yingli Green Energy Holding Company Ltd.
  • Zhongli Talesun Solar Co., Ltd.

Reasons to Buy From us –

  1. We cover more than 15 major industries, further segmented into more than 90 sectors.
  2. More than 120 countries are for analysis.
  3. Over 100+ paid data sources mined for investigation.
  4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @  https://www.omrglobal.com/report-customization/rooftop-solar-panel-market

About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

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Posted in Business blogs on June 05 at 06:28 AM

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