Rooftop Solar PV Market Trends and Forecast 2015 - 2023

Transparency Market
Research
Rooftop Solar PV Market, by End-use (Residential and
Commercial) - Global Industry Analysis, Size, Share,
Growth Trends, and Forecast 2015 - 2023
Published Date
06-Oct-2015
98 Page Report
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Press Release
North America at Forefront of Global Rooftop Solar PV Systems
Market with 38.9% Share in 2014; Government Thrust on Solar
Energy Key Driver
Transparency Market Research
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Rooftop Solar PV Market
REPORT DESCRIPTION
Rooftop Solar PV Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast
2015 - 2023
According to this report, the global rooftop solar PV market was valued at USD 1,798.1 million in 2014 and
is anticipated to reach USD 4,584.3 million by 2023 at a CAGR of 11.0% from 2015 to 2023.
Browse Rooftop Solar PV Market Research Report:
http://www.transparencymarketresearch.com/rooftop-solar-pv-market.html
Rooftop solar PV panels are mounted over rooftops of residential or commercial buildings. These panels
have off-grid and on-grid electricity generation capability. Rooftop solar PV systems provide effective tool
for capturing solar radiation for generating electricity in an emission-free, environment-friendly manner.
Rooftop solar PV technology has existed since a long time but has recently witnessed adoption on a large
scale with the advent of FITs and net metering policies. Rooftop solar PV systems consist of two parts: solar
PV panels and balance of system. Solar panels are made of silicon wafer and are of two types:
monocrystalline and polycrystalline. A balance of system usually consists of transformers, electricity
systems, and monitoring and mounting equipment along with mounting and installing modules. Rooftop
solar PV systems are increasingly being utilized due to their off-grid and on-grid flexibility. Demand for
clean and renewable source of energy reaching an all-time high has contributed to the development and
growth of the rooftop solar PV market. Rooftop solar PV is an efficient method for generating electricity
from solar radiation without using fossil fuels. The market for rooftop solar PV has been rapidly increasing
with the support of government subsidies and tax credits. The rooftop solar PV market have attracted large
number of equity investments and funding. Many rooftop solar PV companies have launched IPOs through
their new-formed YieldCos. Increasing rooftop solar PV market is considered critical for reducing carbon
footprint.
In terms of geography, the rooftop solar PV market has been segmented into four regions: North America,
Asia Pacific, Europe, and Rest of the World. North America was the largest market for rooftop solar PV,
accounting for 38.9% share in 2014. The U.S. leads the rooftop solar PV market in North America, with the
government promoting rooftop solar PV systems by offering tax credits and incentives. California, a state in
the U.S., leads in terms of rooftop solar PV installations and has several tax incentives available for
residential and commercial buyers.
Europe follows North America with Germany as a leading country, with the highest number of rooftop solar
installations in Europe. Asia Pacific was the third-largest market for rooftop solar PV, in terms of market
share, in 2014. China and Japan are the leading countries with major rooftop solar PV projects in Asia
Pacific. Asia Pacific also houses headquarters of several large rooftop solar PV companies. The market in
Rest of the World is likely to grow at a significant rate with anticipated increase in commercial projects
across South Africa, Chile, and Brazil in the near future.
Rooftop Solar PV Market: By End-use Type
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Rooftop Solar PV Market
•
Residential
•
Commercial
Rooftop Solar PV Market: By Region
•
North America
•
Europe
•
Asia Pacific
•
Rest of the World
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TABLE OF CONTENT
Section 1 Preface
Report Description
Market Segmentation
Research Scope
Research Methodology
Section 2 Executive Summary
Executive Summary
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Rooftop Solar PV Market
Section 3 Industry Analysis
Introduction
Value Chain Analysis of Rooftop Solar PV Market
Market Dynamics
Driver 1 – High efficiency and falling energy payback time supported by government subsidies and
tax credits
Driver 2 – Declining battery costs to boost adoption of rooftop solar and contribute to decreasing
LCOE
Driver 3 – Rising adoption of distributed PV technology globally
Restraint 1 – Lack of robust smart grid infrastructure and net metering policies
Opportunity 1 – Emerging markets to drive the demand and generation of rooftop solar systems
market
Opportunity 2 – Rise of YieldCos* in solar industry to drive the demand for rooftop solar systems
Porter’s Five Forces Analysis
Company Market Share- Rooftop Solar PV Systems Market (2014) (%)
Rooftop Solar PV Market - Attractiveness Analysis, 2014
Section 4 Global Rooftop Solar PV Market: Application Overview
End Use Market Value – Residential and Commercial
End Use - Residential
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Rooftop Solar PV Market
End Use – Commercial
Section 5 Global Rooftop Solar PV Market – Regional Overview
Rooftop Solar PV Market - North America
Rooftop Solar PV – North America, By Volume, 2014 – 2023 (MW)
Rooftop Solar PV Market – North America, By Value, 2014 – 2023 (USD Million)
Rooftop Solar PV – Europe
Rooftop Solar PV – Europe, By Volume, 2014 – 2023 (MW)
Rooftop Solar PV Market – Europe, By Value, 2014 – 2023 (USD Million)
Rooftop Solar PV Market – Asia Pacific
Rooftop Solar PV Market – Asia Pacific, By Volume, 2014 – 2023 (MW)
Rooftop Solar PV Market – Asia Pacific, By Value, 2014 – 2023 (USD Million)
Rooftop Solar PV Market – Rest of the World (RoW)
Rooftop Solar PV Market – RoW, By Volume, 2014 – 2023 (MW)
Rooftop Solar PV Market – RoW, By Value, 2014 – 2023 (USD Million)
Section 6 Company Profiles
Trina Solar Limited
Yingli Green Energy Holding Company Limited
Canadian Solar Inc
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Rooftop Solar PV Market
Jinko Solar Holding Co., Ltd.
SolarWorld AG
SunPower Corporation
Shunfeng International Clean Energy Limited (SFCE)
Hanwha Q CELLS Co Ltd
JA Solar Holdings, Co., Ltd.
Vivint Solar, Inc.
SolarCity Corporation
Sungevity
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Rooftop solar PV is a photovoltaic system, which comprises photovoltaic panels, transformers, electricity systems, and monitoring and mounting equipment along with mounting and installation modules. Photovoltaic panel mounts on the rooftops of commercial or residential structures used to capture the solar radiation for generating emission-free electricity. These panels are made up of silicon wafer and possess a capability of generating both off-grid and on-grid electricity. Solar panels are classified mainly into two types: monocrystalline and polycrystalline. Installation of rooftop solar PV systems mainly depends on insolation value in a particular area. These insolation values are impacted by time of the year, latitude, weather conditions, roof slope, roof aspect, shading from adjacent buildings, and vegetation. Complete Report Rooftop Solar PV Market with TOC : http://www.transparencymarketresearch.com/rooftop-solar-pv-market.html