Global Rooftop Solar Market 2020-2024

Global Rooftop Solar Market 2020-2024

Technavio has been monitoring the rooftop solar market and it is poised to grow by 11.36 GW during 2020-2024 progressing at a CAGR of 6% during the forecast period. Our report on rooftop solar market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing electricity prices, favorable policies for adoption of rooftop solar systems and decline in solar module prices. In addition, increasing electricity prices is anticipated to boost the growth of the market as well.

The rooftop solar market analysis includes application segment and geographical landscapes.

Technavio's rooftop solar market is segmented as below:

By Application

• Non-residential
• Residential

By Geographical Landscapes

• APAC
• Europe
• North America
• MEA
• South America

This study identifies the growing focus toward self-consumption as one of the prime reasons driving the rooftop solar market growth during the next few years. Also, adoption of solar as hybrid power systems and development of zero energy buildings will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on rooftop solar market covers the following areas:

• Rooftop solar market sizing
• Rooftop solar market forecast
• Rooftop solar market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading rooftop solar market vendors that include Canadian Solar Inc., Hanwha Group, LG Electronics Inc., Panasonic Corp., Schneider Electric SE, SCHOTT AG, Sharp Corp., Tata Sons Pvt. Ltd., Tesla Inc., and Trina Solar Co. Ltd.. Also, the rooftop solar market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.