Rooftop Solar Market Pegged for Robust Expansion by 2031 | Type, Application, Scope & Key Companies (SunPower, First Solar, Vivint Solar, Sunrun, Jinko Solar, Canadian Solar)

Global Rooftop Solar Market report from Global Insight Services is the single authoritative source of intelligence on Rooftop Solar Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Solar photovoltaic (PV) panels are devices that convert sunlight directly into electricity. A typical PV panel is a collection of many solar cells. Solar cells are made of semiconductor materials, such as silicon. When sunlight hits a solar cell, it knocks electrons loose from their atoms. If solar cells are connected together in a PV panel, the electrons can flow through the panel to form an electric current.

Covid-19 Impact

The outbreak of COVID-19 has had a significant impact on the rooftop solar industry. The pandemic has led to a decrease in demand for solar energy as businesses and consumers alike have reduced their energy consumption. This has led to a decrease in the price of solar panels and a decrease in the profitability of the solar industry. In addition, the pandemic has caused a decrease in the availability of financing for solar projects, as lenders have become more risk-averse. As a result, the solar industry is expected to experience a slowdown in growth in the coming years.

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Key Trends

There are a number of factors driving rapid growth of rooftop solar market. One is the continued decrease in the cost of solar panels. In the past decade, the price of solar panels has fallen by more than 90%. This has made solar an increasingly attractive option for homeowners and businesses looking to reduce their energy costs.

Key Drivers

The most important driver of the rooftop solar market is the cost of PV panels. The cost of solar has fallen dramatically in recent years, making it an increasingly attractive option for homeowners and businesses.

The other key driver of the solar market is government incentives. In many countries, the government offers financial incentives for installing solar, which can make solar a very attractive option.

Market Segments

By Technology

  • Thin Film
  • Crystalline Silicon
  • Others

By Grid Connectivity

  • On Grid
  • Off Grid

By Application

  • Residential
  • Commercial
  • Industrial

Key Players

  • SunPower
  • First Solar
  • Vivint Solar
  • Sunrun
  • Jinko Solar
  • Canadian Solar
  • Trina Solar
  • Hanwha Q CELLS

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