Rooftop Solar PV

Rooftop Solar PV

Global Rooftop Solar PV Market to Reach $198.1 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Rooftop Solar PV estimated at US$82 Billion in the year 2020, is projected to reach a revised size of US$198.1 Billion by 2027, growing at aCAGR of 13.4% over the period 2020-2027. On-Grid, one of the segments analyzed in the report, is projected to record 13.7% CAGR and reach US$148.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Off-Grid segment is readjusted to a revised 12.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $22.6 Billion, While China is Forecast to Grow at 17.9% CAGR

The Rooftop Solar PV market in the U.S. is estimated at US$22.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$42.2 Billion by the year 2027 trailing a CAGR of 18% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.3% and 11.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.7% CAGR.

Select Competitors (Total 36 Featured) -

• Canadian Solar, Inc.
• First Solar, Inc.
• Hanwha Q Cells Co., Ltd.
• Kyocera Corp.
• Sharp Corp.
• Shunfeng International Clean Energy Ltd.
• Sun Power Corp.

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