China Rooftop Solar Market is expected to grow at a CAGR of 13.2% through 2028.

High Domestic Rooftop Solar Potential and Declining Cost of Solar PV Systems are the factors driving the market growth in the forecast period.

According to TechSci Research report, “China Rooftop Solar Market – By Region, Competition, Forecast and Opportunity, 2018-2028F”, The China Rooftop Solar Market is expected to grow at an impressive CAGR.  A primary driver is the Chinese government's strong support and policies promoting renewable energy, including subsidies, feed-in tariffs, and favorable regulations. These incentives encourage both residential and commercial sectors to adopt rooftop solar systems, aiming to reduce reliance on fossil fuels and mitigate environmental impact. Additionally, China's commitment to achieving its ambitious renewable energy targets, outlined in the 13th Five-Year Plan and reinforced in subsequent policy frameworks, underscores long-term stability and predictability for investors and stakeholders in the rooftop solar sector. A notable trend shaping the market is the increasing affordability and efficiency of solar photovoltaic (PV) technology. Advances in PV panel technology and manufacturing processes have significantly reduced costs, making rooftop solar installations more economically viable for consumers and businesses alike. This trend is further bolstered by economies of scale and improvements in installation practices, driving down overall system costs and enhancing return on investment for rooftop solar projects across China.

However, despite these drivers, the rooftop solar market in China faces several challenges. One significant challenge is grid connection and integration issues. As rooftop solar installations increase, ensuring seamless integration with the existing electricity grid infrastructure becomes crucial. Grid capacity constraints, grid stability concerns, and administrative hurdles in obtaining grid connection approvals pose challenges for project developers and hinder the scalability of rooftop solar deployments. Another challenge is regulatory uncertainty and policy changes. While government support has been instrumental in driving initial growth, changes in subsidy policies, feed-in tariffs, and regulatory frameworks can impact project economics and investor confidence. Uncertainties surrounding future policy direction and support mechanisms require stakeholders to adapt strategies and business models to mitigate risks and capitalize on evolving market dynamics effectively. Moreover, financing remains a significant barrier for widespread adoption of rooftop solar systems in China. Despite declining costs, upfront investment requirements for solar installations can be prohibitive for many residential and small-to-medium enterprises (SMEs). Access to affordable financing options, such as loans, leases, and third-party ownership models, is crucial to overcoming financial barriers and accelerating deployment of rooftop solar projects across diverse consumer segments. 

Browse over XX market data Figures spread through 80 Pages and an in-depth TOC on the "China Rooftop Solar Market."

China Rooftop Solar Market is divided into Technology, Grid-type, End-Use and Region. Based on Technology, the market is divided into Thin Film and Crystalline Silicon. Based on Grid-type, the market is divided into Grid Connected and Off-grid. Based on End Use, the market is divided into Residential, Commercial, Industrial.

Based on Technology, the market is divided into Crystalline Silicon PV and Thin Film PV. With the largest market share and projected significant growth over the foreseeable period, the crystalline silicon PV industry now dominates the market. Crystalline panels are the most common type of solar panel used in residential and commercial applications due to their higher efficiency and reliability.

Based on End Use, the Commercial and Industrial Segment is Expected to Dominate the Market. More than half of China rooftop solar installations are in the commercial and industrial sectors. The development of innovative technology and supportive policies are essential for the expansion of the business and industrial sector. Instead of only considering rooftop solar systems with the grid serving as storage (net/gross metering), China authorities need to plan for rooftop solar systems and storage. In comparison to the conventional grid supply and diesel generators, the combination produces electricity more affordably. Due to affordability and the demand for technology, the commercial and industrial sector in China is anticipated to experience considerable market expansion over the forecast period. Due to being one of the largest energy consumers, the commercial and industrial sector typically pays higher electricity expenses. The industry has the most advantageous use profiles and stands to gain from the installation of rooftop solar PV systems across substantial roof areas. In China, an increasing number of business properties choose to rent out their space with a permanent roof. Through a long-term rental arrangement, the roofs in this case are made profitable. The commercial property uses the energy produced, and any extra energy is routed back to the grid for further distribution.

Key market players in the China Rooftop Solar Market include:

• Zhejiang Chint Electrics Co. Ltd
• JA Solar Holdings Co. Ltd
• Hanwha SolarOne Ltd
• Trina Solar Ltd
• Yingli Green Energy Holding Co. Ltd
• ReneSola Ltd
• JinkoSolar Holding Co. Ltd.

Download Free Sample Report

Customers can also request 10% free customization on this report.

“China is one of the most industrialized countries in Asia Pacific and also has one of the greatest domestic mineral reserves in the world. Due to its capacity to deliver dependable power to both rural and urban customers, scale up investments through the entry of multiple investors, empower energy consumers, and enhance their energy security while aiding utilities in addressing crucial transmission and distribution losses, the rooftop solar market is one of the clean energy sectors in China that is expanding at the fastest rate. As technology advances and more home appliances that use electricity become available, there is an increasing demand for rooftop solar photovoltaic systems in residential buildings to reduce a specific portion of the cost sustained by electricity. ​ Owing to that the market is expanding in the future.” Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.

“China Rooftop Solar Market Segmented by Technology (Thin Film, Crystalline Silicon), by Grid-type (Grid Connected, Off-grid), by End-use (Residential, Commercial, Industrial), By Region, Competition, Forecast and Opportunities, 2028” has evaluated the future growth potential of China Rooftop Solar Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in China Rooftop Solar Market.

Contact

TechSci Research LLC

420 Lexington Avenue,

Suite 300, New York,

United States- 10170                   

Tel: +13322586602

Email: [email protected]

Website: https://www.techsciresearch.com