(MENAFN - GetNews) The global solar rooftop market is expected to grow at a CAGR of 20.14% during the forecast period. The global solar rooftop market is a very dynamic market and expected to witness high growth over the forecast period. A solar rooftop photo voltaic (PV) system converts sun's light energy into electricity energy through solar rooftop mounted on rooftop of a building.
Market research future published a raw research report Global Solar Rooftop Sales Market that contains the information from 2017 to 2023. The Global Solar Rooftop Sales Market is expected to grow with the CAGR of approximately 20.14 % from 2017 to 2023.
Taste the market data and market information presented through more than 140 market data tables and figures spread in 149 numbers of pages of the project report. Avail the in-depth table of content & market synopsis on 'Global Solar Rooftop Sales Market Information from 2017 to 2023″
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Currently, solar rooftop panels are gaining a wide attention owing to their efficiency and lost cost electricity generation capacity. The main application of solar rooftop panels is to convert solar power into usable AC power. Solar rooftop panels enable safe and noiseless power generation, which makes them quintessential product in today's world.
A gradual fall in the prices of industrial commodities used to manufacture solar panels, and the rising inflation in electricity and natural gas sector in the coming decade, are the major driving factors for the growth of the solar rooftop sales market in forecast period. Rise in electricity prices combined with cheaper solar rooftop sales will also drive the solar rooftop sales market, majorly. Some restraints of the market are its incapability to perform at night without backup, disturbance during certain abnormal climatic conditions such as cloudy weather even in daytime and expensive solar technologies.
The global solar Rooftop Sales market has been analyzed based on capacity, connectivity, end-users and regions. On the basis of capacity, the global solar Rooftop Sales system market has been segmented as >10 kW, 11 kW- 100kW and <100 kw.="" based="" on="" connectivity,="" it="" is="" classified="" as,="" on-grid="" and="" off-grid.="" based="" on="" end-users,="" it="" is="" further="" classified="" as="" residential,="" commercial="" and="" industrial.="">100>
11 kW- 100kW rooftop solar system segment by capacity is expected to dominate the market
Currently, 11 kW- 100kW rooftop solar system segment by capacity, holds the largest market share and is expected to grow at the highest growth during the forecast period. A rooftop solar system ranging with a power capacity from 11 kW- 100 kW are the best investment for commercial and small-scale industry. A modern-day 100 kW rooftop solar system will be comprised of between 380-410 panels and will require about 600-656 m2 of roof space, depending upon the wattage of the panels. Reported pricing, for PV system installations, completed by project-level data from U.S. Department of Energy SunShot Initiative in January 2017, were about USD 3.78/W (Median) for commercial installation of over 10 kW to 100 kW.
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The key players of global solar rooftop sales market are SMA Solar Technology AG (Germany), Trina Solar (China), Yingli Green Energy Holding Company Limited (China), Canadian Solar Inc. (Canada), Jinko Solar (China), SolarWorld AG (Germany), SunPower Corporation (U.S.), Shunfeng International Clean Energy Limited. (China), Tata Power Solar Systems Limited (India), Delta Energy Systems (Germany), JA Solar Holdings Co., Ltd. (China) and ABB Ltd. (Switzerland).
This research report provides insights, on various levels of analysis such as industry analysis, and market share analysis for the leading players along with their profiles. It also helps in studying the target segments by providing views on emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios & strategies in the global solar rooftop sales market, including high-growth regions and/or countries, and political, & economic environments. The project report, further, provides views on both the historical market values and pricing & cost analysis.
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