Rooftop Solar Installations Market Forecasts to 2032 – Global Analysis By Type (Grid-Tied, Off-Grid and Hybrid), Capacity, Component, Installation Type, Technology, End User and By Geography
Description
According to Stratistics MRC, the Global Rooftop Solar Installations Market is accounted for $6.1 billion in 2025 and is expected to reach $16.3 billion by 2032 growing at a CAGR of 15.1% during the forecast period. Rooftop solar installations refer to photovoltaic (PV) systems mounted on the roofs of residential, commercial, or industrial buildings to generate electricity directly from sunlight. These systems typically consist of solar panels, inverters, mounting structures, and wiring that connect to the building’s electrical network or the grid. By harnessing renewable energy at the point of consumption, rooftop solar reduces dependence on conventional power sources, lowers electricity bills, and minimizes carbon emissions. They are scalable, cost-effective over time, and play a vital role in decentralized energy generation, supporting sustainability goals and enhancing energy security for households and businesses alike.
Market Dynamics:
Driver:
Government Incentives & Policies
Government incentives and supportive policies are the primary driver of rooftop solar installations. Subsidies, tax credits, and net metering schemes significantly reduce upfront costs, encouraging adoption across residential and industrial sectors. National renewable energy targets further accelerate deployment, while favorable financing models enhance accessibility. These measures not only promote sustainability but also ensure long‑term energy savings, making rooftop solar an attractive investment. As governments intensify decarbonization efforts, policy support will remain a critical catalyst for market expansion.
Restraint:
Slow Installation Pace
The rooftop solar market faces a key restraint in slow installation pace. Lengthy approval processes, regulatory bottlenecks, and logistical challenges often delay project execution. Limited availability of skilled labor and inconsistent state‑level policies further complicate deployment, particularly in emerging markets. These factors discourage residential and small commercial customers, slowing penetration rates despite strong demand. Addressing bureaucratic hurdles, streamlining procedures, and improving workforce training will be essential to accelerate adoption.
Opportunity:
Urban EV Charging Integration
Urban EV charging integration represents a major opportunity for rooftop solar installations. With electric vehicle adoption rising globally, demand for sustainable charging infrastructure is accelerating. Rooftop solar systems can power EV charging hubs, reducing grid dependency and enhancing energy efficiency. This synergy supports urban sustainability goals, lowers emissions, and creates new revenue streams for businesses. Governments promoting EV adoption and clean energy policies further strengthen this opportunity. Rooftop solar‑powered charging stations are poised to become a cornerstone of smart city development.
Threat:
High Upfront Costs
High upfront costs remain a significant threat to rooftop solar adoption. Purchasing panels, inverters, and storage systems requires substantial investment, deterring households and small businesses. Although long‑term savings are considerable, limited financing options and lack of awareness about payback periods restrict penetration. In developing regions, affordability challenges are more pronounced, slowing adoption rates. Overcoming this barrier will require innovative financing models, leasing programs, and government subsidies. Without addressing cost concerns, rooftop solar may struggle to achieve widespread accessibility and adoption.
Covid-19 Impact:
The Covid‑19 pandemic initially disrupted rooftop solar installations due to supply chain interruptions, labor shortages, and delayed projects. Lockdowns slowed construction activity, while economic uncertainty reduced investment in renewable energy. However, the crisis also highlighted the importance of energy resilience and sustainability. Post‑pandemic recovery has accelerated demand, with governments introducing stimulus packages and green energy initiatives. Rising awareness of decentralized power generation and cost savings has further boosted adoption. Overall, Covid‑19 acted as both a short‑term restraint and a long‑term catalyst.
The mounting structures segment is expected to be the largest during the forecast period
The mounting structures segment is expected to account for the largest market share during the forecast period, as these components are essential for securely installing solar panels on rooftops, ensuring durability, efficiency, and safety. With rising demand for rooftop solar across residential, commercial, and industrial sectors, mounting structures remain indispensable. Innovations in lightweight, corrosion‑resistant materials and flexible designs further enhance adoption. As installations expand globally, the mounting structures segment will dominate due to its critical role in supporting reliable solar deployment.
The hybrid segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the hybrid segment is predicted to witness the highest growth rate, as hybrid rooftop solar systems combine photovoltaic panels with battery storage or grid connectivity, offering enhanced reliability and energy independence. Rising demand for uninterrupted power supply, coupled with increasing adoption of electric vehicles and smart energy solutions, drives growth. Technological advancements in storage and declining battery costs make hybrid systems more accessible. As consumers prioritize resilience and sustainability, hybrid solutions will emerge as the fastest growing segment in the market.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share, due to Rapid urbanization, industrial expansion, and strong government support for renewable energy drive adoption. Countries such as China, India, and Japan are investing heavily in rooftop solar infrastructure, supported by subsidies and favorable policies. Abundant solar potential and large consumer bases further strengthen the region’s dominance. With increasing demand for sustainable energy solutions, Asia Pacific will remain the leading contributor to global rooftop solar installations.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, owing to Strong policy frameworks, tax credits, and net metering programs encourage adoption across residential and commercial sectors. Technological innovation, integration of EV charging, and smart grid development further accelerate growth. Rising consumer demand for clean energy and energy independence enhances market momentum. With the U.S. and Canada leading renewable energy initiatives, North America is poised to achieve the fastest growth rate in rooftop solar installations globally.
Key players in the market
Some of the key players in Rooftop Solar Installations Market include SunPower Corporation, REC Solar Holdings A, Canadian Solar Inc., Sharp Corporation, JinkoSolar Holding Co., Yingli Green Energy B, Trina Solar Limited, SMA Solar Technology, LONGi Green Energy, Enphase Energy Inc., JA Solar Technology, Risen Energy Co. Ltd., First Solar Inc., Tata Power Solar Systems and Hanwha Q CELLS Co.
Key Developments:
In July 2025, Trina Solar has signed a Memorandum of Understanding with Sri Lanka’s Solaris Energy to deploy 25 MWp of its high-efficiency Vertex N solar modules across the country, supporting the nation’s clean-energy push.
In April 2025, Trina Solar’s has signed a 20-year power purchase agreement (PPA) with Equinix to supply 30 MW of solar energy from its Yufutsu Abira project in Hokkaido, Japan. The plant is expected to generate around 36 GWh/year beginning in Q3 2028. This deal marks Trina ISBU’s first corporate PPA in Japan and supports Equinix’s long-term sustainability goals.
Types Covered:
• Grid-Tied
• Off-Grid
• Hybrid
Capacities Covered:
• <10 kW
• 10–50 kW
• 50–100 kW
• 100 kW
Components Covered:
• Solar PV Panels
• Inverters
• Mounting Structures
• Monitoring Systems
• Balance of System (BOS)
Installation Types Covered:
• Retrofit Installations
• New Build Installations
Technologies Covered:
• Crystalline Silicon
• Thin Film
• Building-Integrated Photovoltaics (BIPV)
End Users Covered:
• Residential
• Industrial
• Commercial
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Market Dynamics:
Driver:
Government Incentives & Policies
Government incentives and supportive policies are the primary driver of rooftop solar installations. Subsidies, tax credits, and net metering schemes significantly reduce upfront costs, encouraging adoption across residential and industrial sectors. National renewable energy targets further accelerate deployment, while favorable financing models enhance accessibility. These measures not only promote sustainability but also ensure long‑term energy savings, making rooftop solar an attractive investment. As governments intensify decarbonization efforts, policy support will remain a critical catalyst for market expansion.
Restraint:
Slow Installation Pace
The rooftop solar market faces a key restraint in slow installation pace. Lengthy approval processes, regulatory bottlenecks, and logistical challenges often delay project execution. Limited availability of skilled labor and inconsistent state‑level policies further complicate deployment, particularly in emerging markets. These factors discourage residential and small commercial customers, slowing penetration rates despite strong demand. Addressing bureaucratic hurdles, streamlining procedures, and improving workforce training will be essential to accelerate adoption.
Opportunity:
Urban EV Charging Integration
Urban EV charging integration represents a major opportunity for rooftop solar installations. With electric vehicle adoption rising globally, demand for sustainable charging infrastructure is accelerating. Rooftop solar systems can power EV charging hubs, reducing grid dependency and enhancing energy efficiency. This synergy supports urban sustainability goals, lowers emissions, and creates new revenue streams for businesses. Governments promoting EV adoption and clean energy policies further strengthen this opportunity. Rooftop solar‑powered charging stations are poised to become a cornerstone of smart city development.
Threat:
High Upfront Costs
High upfront costs remain a significant threat to rooftop solar adoption. Purchasing panels, inverters, and storage systems requires substantial investment, deterring households and small businesses. Although long‑term savings are considerable, limited financing options and lack of awareness about payback periods restrict penetration. In developing regions, affordability challenges are more pronounced, slowing adoption rates. Overcoming this barrier will require innovative financing models, leasing programs, and government subsidies. Without addressing cost concerns, rooftop solar may struggle to achieve widespread accessibility and adoption.
Covid-19 Impact:
The Covid‑19 pandemic initially disrupted rooftop solar installations due to supply chain interruptions, labor shortages, and delayed projects. Lockdowns slowed construction activity, while economic uncertainty reduced investment in renewable energy. However, the crisis also highlighted the importance of energy resilience and sustainability. Post‑pandemic recovery has accelerated demand, with governments introducing stimulus packages and green energy initiatives. Rising awareness of decentralized power generation and cost savings has further boosted adoption. Overall, Covid‑19 acted as both a short‑term restraint and a long‑term catalyst.
The mounting structures segment is expected to be the largest during the forecast period
The mounting structures segment is expected to account for the largest market share during the forecast period, as these components are essential for securely installing solar panels on rooftops, ensuring durability, efficiency, and safety. With rising demand for rooftop solar across residential, commercial, and industrial sectors, mounting structures remain indispensable. Innovations in lightweight, corrosion‑resistant materials and flexible designs further enhance adoption. As installations expand globally, the mounting structures segment will dominate due to its critical role in supporting reliable solar deployment.
The hybrid segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the hybrid segment is predicted to witness the highest growth rate, as hybrid rooftop solar systems combine photovoltaic panels with battery storage or grid connectivity, offering enhanced reliability and energy independence. Rising demand for uninterrupted power supply, coupled with increasing adoption of electric vehicles and smart energy solutions, drives growth. Technological advancements in storage and declining battery costs make hybrid systems more accessible. As consumers prioritize resilience and sustainability, hybrid solutions will emerge as the fastest growing segment in the market.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share, due to Rapid urbanization, industrial expansion, and strong government support for renewable energy drive adoption. Countries such as China, India, and Japan are investing heavily in rooftop solar infrastructure, supported by subsidies and favorable policies. Abundant solar potential and large consumer bases further strengthen the region’s dominance. With increasing demand for sustainable energy solutions, Asia Pacific will remain the leading contributor to global rooftop solar installations.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, owing to Strong policy frameworks, tax credits, and net metering programs encourage adoption across residential and commercial sectors. Technological innovation, integration of EV charging, and smart grid development further accelerate growth. Rising consumer demand for clean energy and energy independence enhances market momentum. With the U.S. and Canada leading renewable energy initiatives, North America is poised to achieve the fastest growth rate in rooftop solar installations globally.
Key players in the market
Some of the key players in Rooftop Solar Installations Market include SunPower Corporation, REC Solar Holdings A, Canadian Solar Inc., Sharp Corporation, JinkoSolar Holding Co., Yingli Green Energy B, Trina Solar Limited, SMA Solar Technology, LONGi Green Energy, Enphase Energy Inc., JA Solar Technology, Risen Energy Co. Ltd., First Solar Inc., Tata Power Solar Systems and Hanwha Q CELLS Co.
Key Developments:
In July 2025, Trina Solar has signed a Memorandum of Understanding with Sri Lanka’s Solaris Energy to deploy 25 MWp of its high-efficiency Vertex N solar modules across the country, supporting the nation’s clean-energy push.
In April 2025, Trina Solar’s has signed a 20-year power purchase agreement (PPA) with Equinix to supply 30 MW of solar energy from its Yufutsu Abira project in Hokkaido, Japan. The plant is expected to generate around 36 GWh/year beginning in Q3 2028. This deal marks Trina ISBU’s first corporate PPA in Japan and supports Equinix’s long-term sustainability goals.
Types Covered:
• Grid-Tied
• Off-Grid
• Hybrid
Capacities Covered:
• <10 kW
• 10–50 kW
• 50–100 kW
• 100 kW
Components Covered:
• Solar PV Panels
• Inverters
• Mounting Structures
• Monitoring Systems
• Balance of System (BOS)
Installation Types Covered:
• Retrofit Installations
• New Build Installations
Technologies Covered:
• Crystalline Silicon
• Thin Film
• Building-Integrated Photovoltaics (BIPV)
End Users Covered:
• Residential
• Industrial
• Commercial
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
200 Pages
- 1 Executive Summary
- 2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
- 3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Technology Analysis
- 3.7 End User Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
- 4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
- 5 Global Rooftop Solar Installations Market, By Type
- 5.1 Introduction
- 5.2 Grid-Tied
- 5.3 Off-Grid
- 5.4 Hybrid
- 6 Global Rooftop Solar Installations Market, By Capacity
- 6.1 Introduction
- 6.2 <10 kW
- 6.3 10–50 kW
- 6.4 50–100 kW
- 6.5 100 kW
- 7 Global Rooftop Solar Installations Market, By Component
- 7.1 Introduction
- 7.2 Solar PV Panels
- 7.3 Inverters
- 7.4 Mounting Structures
- 7.5 Monitoring Systems
- 7.6 Balance of System (BOS)
- 8 Global Rooftop Solar Installations Market, By Installation Type
- 8.1 Introduction
- 8.2 Retrofit Installations
- 8.3 New Build Installations
- 9 Global Rooftop Solar Installations Market, By Technology
- 9.1 Introduction
- 9.2 Crystalline Silicon
- 9.3 Thin Film
- 9.4 Building-Integrated Photovoltaics (BIPV)
- 10 Global Rooftop Solar Installations Market, By End User
- 10.1 Introduction
- 10.2 Residential
- 10.3 Industrial
- 10.4 Commercial
- 11 Global Rooftop Solar Installations Market, By Geography
- 11.1 Introduction
- 11.2 North America
- 11.2.1 US
- 11.2.2 Canada
- 11.2.3 Mexico
- 11.3 Europe
- 11.3.1 Germany
- 11.3.2 UK
- 11.3.3 Italy
- 11.3.4 France
- 11.3.5 Spain
- 11.3.6 Rest of Europe
- 11.4 Asia Pacific
- 11.4.1 Japan
- 11.4.2 China
- 11.4.3 India
- 11.4.4 Australia
- 11.4.5 New Zealand
- 11.4.6 South Korea
- 11.4.7 Rest of Asia Pacific
- 11.5 South America
- 11.5.1 Argentina
- 11.5.2 Brazil
- 11.5.3 Chile
- 11.5.4 Rest of South America
- 11.6 Middle East & Africa
- 11.6.1 Saudi Arabia
- 11.6.2 UAE
- 11.6.3 Qatar
- 11.6.4 South Africa
- 11.6.5 Rest of Middle East & Africa
- 12 Key Developments
- 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 12.2 Acquisitions & Mergers
- 12.3 New Product Launch
- 12.4 Expansions
- 12.5 Other Key Strategies
- 13 Company Profiling
- 13.1 SunPower Corporation
- 13.2 REC Solar Holdings AS
- 13.3 Canadian Solar Inc.
- 13.4 Sharp Corporation
- 13.5 JinkoSolar Holding Co., Ltd.
- 13.6 Yingli Green Energy Holding Company Limited
- 13.7 Trina Solar Limited
- 13.8 SMA Solar Technology AG
- 13.9 LONGi Green Energy Technology Co., Ltd.
- 13.10 Enphase Energy, Inc.
- 13.11 JA Solar Technology Co., Ltd.
- 13.12 Risen Energy Co., Ltd.
- 13.13 First Solar, Inc.
- 13.14 Tata Power Solar Systems Ltd.
- 13.15 Hanwha Q CELLS Co., Ltd.
- List of Tables
- Table 1 Global Rooftop Solar Installations Market Outlook, By Region (2024-2032) ($MN)
- Table 2 Global Rooftop Solar Installations Market Outlook, By Type (2024-2032) ($MN)
- Table 3 Global Rooftop Solar Installations Market Outlook, By Grid-Tied (2024-2032) ($MN)
- Table 4 Global Rooftop Solar Installations Market Outlook, By Off-Grid (2024-2032) ($MN)
- Table 5 Global Rooftop Solar Installations Market Outlook, By Hybrid (2024-2032) ($MN)
- Table 6 Global Rooftop Solar Installations Market Outlook, By Capacity (2024-2032) ($MN)
- Table 7 Global Rooftop Solar Installations Market Outlook, By <10 kW (2024-2032) ($MN)
- Table 8 Global Rooftop Solar Installations Market Outlook, By 10–50 kW (2024-2032) ($MN)
- Table 9 Global Rooftop Solar Installations Market Outlook, By 50–100 kW (2024-2032) ($MN)
- Table 10 Global Rooftop Solar Installations Market Outlook, By 100 kW (2024-2032) ($MN)
- Table 11 Global Rooftop Solar Installations Market Outlook, By Component (2024-2032) ($MN)
- Table 12 Global Rooftop Solar Installations Market Outlook, By Solar PV Panels (2024-2032) ($MN)
- Table 13 Global Rooftop Solar Installations Market Outlook, By Inverters (2024-2032) ($MN)
- Table 14 Global Rooftop Solar Installations Market Outlook, By Mounting Structures (2024-2032) ($MN)
- Table 15 Global Rooftop Solar Installations Market Outlook, By Monitoring Systems (2024-2032) ($MN)
- Table 16 Global Rooftop Solar Installations Market Outlook, By Balance of System (BOS) (2024-2032) ($MN)
- Table 17 Global Rooftop Solar Installations Market Outlook, By Installation Type (2024-2032) ($MN)
- Table 18 Global Rooftop Solar Installations Market Outlook, By Retrofit Installations (2024-2032) ($MN)
- Table 19 Global Rooftop Solar Installations Market Outlook, By New Build Installations (2024-2032) ($MN)
- Table 20 Global Rooftop Solar Installations Market Outlook, By Technology (2024-2032) ($MN)
- Table 21 Global Rooftop Solar Installations Market Outlook, By Crystalline Silicon (2024-2032) ($MN)
- Table 22 Global Rooftop Solar Installations Market Outlook, By Thin Film (2024-2032) ($MN)
- Table 23 Global Rooftop Solar Installations Market Outlook, By Building-Integrated Photovoltaics (BIPV) (2024-2032) ($MN)
- Table 24 Global Rooftop Solar Installations Market Outlook, By End User (2024-2032) ($MN)
- Table 25 Global Rooftop Solar Installations Market Outlook, By Residential (2024-2032) ($MN)
- Table 26 Global Rooftop Solar Installations Market Outlook, By Industrial (2024-2032) ($MN)
- Table 27 Global Rooftop Solar Installations Market Outlook, By Commercial (2024-2032) ($MN)
- Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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