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Latest released the research study on Global solar roofing Market, offers a detailed overview of the factors influencing the global business scope. Solar Roofing Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Market. The study also provides information on past and current market trends and developments, factors, capacities, and changes in market capital structure industry. The study will assist market participants and market consultants to understand the continuing structure of the Solar Roofing Market. Our analysts monitoring the situation across the globe explain that the market will generate remunerative prospects for producers post COVID-19 crisis.
The global solar roofing market size was valued at $59.4 billion in 2022, and solar roofing industry is projected to reach $241.6 billion by 2032, growing at a CAGR of 15.3% from 2023 to 2032.
Some of the Major Key players profiled in the study are Players and Others .
Solar Roofing Market offers an insightful study of the prevailing demand and supply trends, important fiscal statistics of major players sustaining in the market, and the influence of latest economic advancements on the market. Developments in each geographical region are charted using authentic historical data with a view to help gauge the future trajectory of the market across the globe. SWOT analysis is directed to identify the strengths, weaknesses, opportunities, and threats that these companies forecast to witness during the forecast period. Fourth Partner Energy,Thermax,Amplus Solar Power Pvt. Ltd,Jaksons Engineers,CleanMax Solar,KEC International,Tata Power Solar Systems,SOLON India,Atlantis Energy Systems,RelyOn Solar,SunTegra Solar Roof Systems,Hero Future Energies,, and others.
Rooftop Solar Market Recent Developments
· In September 2021, Tata Motors announced that it had signed a pact with Tata Power to install and operate a 3 MWp rooftop solar project at its passenger vehicle business unit (PVBU) plant in Maharashtra, Pune.
· In April 2021, Amplus Solar Power Pvt. Ltd, a member of the Petronas Group of Malaysia, announced that it had acquired 17 solar rooftop assets of Sterling & Wilson, totaling 7.2 megawatts (MW). The company also revealed that the 17 projects of Sterling & Wilson supply to 13 leading industrial, commercial, and institutional customers.
Solar Roofing Market Segmentation:
Market Segmentation: By Type
On-Grid Type: On-grid type is a solar energy system that uses photovoltaic modules to generate electricity. The on-grid type of systems are connected to the electric grid and used to supply power to it. These systems can be easily integrated with the existing power grid as they use renewable sources of energy for generating electricity, which reduces carbon dioxide emissions into the atmosphere.
Off-Grid Type: The off-grid type is a system that uses renewable energy sources to provide electricity for residential or commercial applications. It has no connection with the electric grid and therefore it does not use conventional electricity. The main components of an off-grid system are a battery bank, PV panels, charge controller, inverter, and load shedding equipment. These systems can be used in both rural as well as urban areas where access to the power grid is not available.
Hybrid Solar Roofing: Hybrid solar roofing is a type of solar roofing system that consists of both photovoltaic (PV) panels and solar thermal collectors. It is designed to collect both solar energy for electricity generation and heat for water heating. The main advantage of hybrid solar roofing systems is that they are more efficient than traditional PV or solar thermal systems, as they can make use of both types of solar energy. In addition, hybrid solar roofing systems are less expensive than installing separate PV and solar thermal systems.
Grid-interactive: Grid-interactive solar roofing is a type of solar panel technology that allows homeowners and businesses to generate their own electricity and sell any surplus back to the grid. This type of system is also known as a 'microgrid' because it can operate independently from the main power grid. Grid-interactive solar roofing systems are becoming increasingly popular as they offer a number of benefits over traditional grid-tied systems.
Market Segmentation: By Application
The residential application segment accounted for over 50% of the global solar roofing market in 2019. The growing need to reduce electricity bills and dependence on the grid is expected to drive the demand for solar roofs in residential applications. Government initiatives such as net metering subsidies are also likely to boost product adoption in this segment. Commercial buildings accounted for another significant share of the global market, which can be attributed to increasing government spending on green buildings coupled with rising concerns regarding energy consumption and sustainability.
Table of Contents:
Chapter 1 Report Overview
Chapter 2 Market Snapshot
2.1 Major Companies Overview
2.2 Solar Roofing Market Concentrations
2.3 Six-Year Compound Annual Growth Rate (CAGR%)
Chapter 3 Value Chain of Solar Roofing Market
3.3 Porter's & Five Forces Analysis and SWOT Analysis
Chapter 4 Players Profiles
4.1 Company Profiles
4.2 Product Introduction
4.3 Production, Revenue ( 2016-2021 )
4.4 SWOT Analysis
Chapter 5 Global Solar Roofing Market Analysis by Regions
5.1 Market Status and Prospect ( 2016-2032 )
5.2 Market Size and Growth Rate ( 2016-2032 )
5.3 Market Local Capacity, Import, Export, Local Consumption Analysis ( 2016-2032 )
Chapter 6 North America Market Analysis by Countries
Chapter 7 China Market Analysis by Countries
Chapter 8 Europe Market Analysis by Countries
Chapter 9 Asia-Pacific Market Analysis by Countries
Chapter 10 India Market Analysis by Countries
Chapter 11 Middle East and Africa Market Analysis by Countries
Chapter 12 South America Market Analysis by Countries
Chapter 13 Global Market Segment by Types
Chapter 14 Global Market Segment by Applications
Chapter 15 Market Forecast by Regions ( 2023-2032 )
Chapter 16 Appendix
North America dominated the global solar roofing market with a revenue share of over 35% in 2019. The region is projected to witness significant growth over the forecast period on account of stringent government regulations regarding greenhouse gas emissions along with the availability of tax rebates and subsidies for residential and commercial consumers.
Asia Pacific regional solar roofing market is anticipated to witness significant growth over the forecast period owing to increasing awareness regarding energy conservation and sustainable development. The region accounted for a revenue share of over 30% in the global market in 2016, which can be attributed to the growing population, rapid urbanization along with rising disposable income levels.
Report Includes Following Questions:
-What is the anticipated growth rate of the global market in the forecast period?
-Which regional segment is estimated to account for a massive share of the global Solar Roofing Market?
-What are the primary driving factors of the global Market?
-Which current trends are likely to offer promising growth prospects in the next few years?
-How is the competitive landscape of the global Solar Roofing Market at present?
-How has the covid-19 impacted the growth of the?
-Which latest trends are anticipated to offer potential growth prospected in the coming years?
Highlighting points of Global Solar Roofing Market Report:
The global market report provides an exhaustive qualitative and quantitative analysis to provide insight into the industry. This Solar Roofing market insight includes data from significant participants such as marketers, industry experts, and investors. The market report's objective is to provide an exhaustive perspective from all stakeholders for young marketers and entrepreneurs. Trends and drivers are discussed in the Solar Roofing Market Report The global market report delivers an overview of the global competitive environment. It provides details about the market, its share, and revenue.
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