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Report Description

Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 90.78 Billion

Market Size (2029)

USD 215.88 Billion

CAGR (2024-2029)

15.36%

Fastest Growing Segment

Commercial  

Largest Market

Asia-Pacific

Market Overview

Global Rooftop Solar PV Market was valued at USD 90.78 billion in 2023 and is expected to reach USD 215.88 billion by 2029 with a CAGR of 15.36% during the forecast period. The rooftop solar photovoltaic (PV) market refers to the segment of the solar energy industry focused on the installation and use of solar panels on building rooftops to generate electricity. This market encompasses a range of activities including the design, installation, maintenance, and servicing of solar PV systems installed on residential, commercial, and industrial buildings. Rooftop solar PV systems convert sunlight into electrical energy through photovoltaic cells, which are typically mounted on rooftops to maximize exposure to sunlight and optimize energy generation. The market is driven by a variety of factors including increasing awareness of environmental issues, rising electricity costs, and government incentives aimed at promoting renewable energy adoption. Technological advancements, such as improved solar panel efficiency and innovative mounting solutions, have also played a crucial role in driving market growth. Furthermore, the declining costs of solar technology, coupled with supportive policies and subsidies, have made rooftop solar PV systems more accessible and financially attractive to a broader range of consumers. The market is characterized by a diverse range of players including manufacturers, suppliers, installers, and service providers, all working together to meet the growing demand for clean energy solutions. 

Key Market Drivers

Technological Advancements and Cost Reductions

Technological advancements in solar photovoltaic (PV) systems have been a primary driver of the rooftop solar PV market. Innovations in solar cell technology, such as the development of high-efficiency monocrystalline and bifacial panels, have significantly improved energy generation and efficiency. Additionally, advancements in inverter technology and energy storage solutions have enhanced the overall performance and reliability of solar PV systems. These innovations have contributed to a marked reduction in the cost of solar panels and related components. As the technology matures, economies of scale and increased competition among manufacturers have further driven down prices, making rooftop solar PV systems more affordable for residential and commercial users. The reduction in installation costs, coupled with improved system performance, has accelerated the adoption of rooftop solar PV. Government incentives and subsidies, often tied to the installation of advanced solar technologies, also play a crucial role in reducing the financial burden on consumers. As technology continues to evolve, the cost of solar PV systems is expected to decrease further, thereby expanding market opportunities and driving widespread adoption. According to the Ministry of New and Renewable Energy (MNRE), India ranked fifth globally in solar power deployment. As of June 30, 2023, the country achieved a cumulative installed solar capacity of 70.10 GW. This includes 57.22 GW from ground-mounted solar projects, 10.37 GW from rooftop solar installations, and 2.51 GW from off-grid solar solutions.

Environmental Awareness and Regulatory Support

Growing environmental awareness and regulatory support are significant drivers of the rooftop solar PV market. As concerns over climate change and environmental degradation intensify, individuals and organizations are increasingly seeking sustainable energy solutions to reduce their carbon footprint. Governments worldwide are responding to these concerns by implementing policies and regulations that promote the use of renewable energy sources, including solar power. Incentives such as tax credits, rebates, and feed-in tariffs are designed to make solar PV systems more attractive to consumers. Additionally, regulatory frameworks that mandate renewable energy targets and carbon reduction goals drive both residential and commercial entities to invest in solar technologies. These supportive policies not only make solar PV systems financially viable but also create a favorable environment for their widespread adoption. As global awareness of environmental issues continues to grow and regulatory measures become more stringent, the demand for rooftop solar PV systems is expected to increase, further propelling market growth. As of March 2023, rooftop solar capacity reached 8,877 MW, marking an increase from 7,520 MW recorded as of September 30, 2022. This growth was primarily driven by increased awareness among residential consumers and government subsidies specifically aimed at the residential segment.

Rising Energy Costs and Energy Independence

The increasing cost of traditional energy sources and the desire for energy independence are key drivers of the rooftop solar PV market. As fossil fuel prices fluctuate and often rise, consumers and businesses are seeking alternative energy solutions to mitigate their exposure to volatile energy markets. Rooftop solar PV systems offer a reliable and cost-effective way to generate electricity, reducing reliance on external energy suppliers and stabilizing energy expenses. The ability to produce electricity on-site also provides a measure of energy independence, which is particularly appealing to consumers concerned about energy security and long-term cost savings. The financial benefits of reduced utility bills and the potential for generating income through net metering or selling excess electricity back to the grid further enhance the attractiveness of solar PV systems. As energy prices continue to rise and the need for energy self-sufficiency becomes more pronounced, the rooftop solar PV market is expected to experience robust growth. The combination of economic incentives and the desire for stable, predictable energy costs drives increased investment in solar technology and expands the market for rooftop solar PV systems. 

 

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Key Market Challenges

High Initial Costs and Financing Difficulties

One of the primary challenges facing the rooftop solar PV market is the high initial cost associated with the installation of solar panels and related infrastructure. Despite the long-term savings on electricity bills, the upfront capital required for purchasing solar panels, inverters, mounting systems, and other necessary components can be substantial. This high initial expenditure poses a significant barrier, particularly for residential and small commercial customers who may lack the financial resources to make such an investment. Additionally, the complexity of financing options and the need for favorable loan terms or incentives can further complicate the decision-making process. While various government subsidies, tax credits, and rebates are available to mitigate these costs, the effectiveness of these financial incentives can vary greatly depending on regional policies and economic conditions. In regions where incentives are limited or bureaucratic processes are cumbersome, potential customers may be deterred from adopting solar technology. Furthermore, the lack of accessible and transparent information about financing options can prevent many potential adopters from fully exploring or understanding the benefits of solar PV systems. Thus, overcoming the challenge of high initial costs and securing adequate financing remains a critical obstacle for the widespread adoption of rooftop solar PV technology.

Intermittency and Reliability of Solar Power

Another significant challenge for the rooftop solar PV market is the intermittency and reliability of solar power generation. Solar energy production is highly dependent on weather conditions and daylight hours, leading to variability in power output. This intermittency can create challenges for homeowners and businesses relying on solar power for consistent energy needs. Inadequate energy storage solutions can exacerbate this issue, as traditional battery storage systems may not provide sufficient backup power during periods of low sunlight or high demand. Additionally, the integration of solar power into the existing grid infrastructure can be complex, requiring advanced grid management techniques and technologies to handle the variable nature of solar energy. This challenge is compounded in areas with frequent cloud cover or seasonal variations in sunlight, which can affect the overall efficiency and reliability of solar PV systems. To address these issues, there is a need for continued advancements in energy storage technologies, such as more efficient and affordable batteries, and improved grid infrastructure capable of accommodating variable renewable energy sources. Without addressing these reliability concerns, the potential benefits of rooftop solar PV may be limited, affecting its attractiveness and adoption rate among potential users.

Key Market Trends

Increasing Adoption of Smart Solar Technology

The rooftop solar photovoltaic (PV) market is witnessing a significant trend toward the adoption of smart solar technology. This development is driven by advancements in IoT (Internet of Things) and AI (Artificial Intelligence), which are enhancing the efficiency, monitoring, and management of solar PV systems. Smart solar technology includes innovations such as smart inverters, which optimize energy production and improve grid stability, and advanced monitoring systems that provide real-time data on energy generation and consumption. These technologies enable users to make informed decisions, maximize energy savings, and maintain system performance more effectively. The integration of smart technology also facilitates remote diagnostics and troubleshooting, reducing the need for on-site visits and minimizing downtime. As the demand for energy efficiency and sustainability increases, the incorporation of smart technology in rooftop solar PV systems is becoming a key trend, driving the market's growth and transforming the way solar energy is harnessed and managed. This trend is expected to continue as technological advancements progress and more consumers and businesses seek to leverage these innovations to optimize their solar energy systems.

Expansion of Solar Energy Integration with Smart Grids

The integration of rooftop solar PV systems with smart grids is another prominent trend shaping the market. Smart grids use advanced communication and control technologies to improve the efficiency, reliability, and sustainability of energy distribution. When combined with rooftop solar PV systems, smart grids can optimize the flow of electricity, manage supply and demand more effectively, and enhance grid stability. This integration enables more efficient use of solar energy, as excess power generated during peak sunlight hours can be stored or redirected to meet demand during periods of low production. Additionally, smart grids can facilitate the seamless integration of other renewable energy sources and energy storage solutions, creating a more resilient and flexible energy system. As utilities and grid operators invest in smart grid infrastructure and technologies, the synergy between rooftop solar PV systems and smart grids is expected to grow, driving market expansion and supporting the broader adoption of renewable energy. This trend highlights the increasing sophistication of energy systems and the role of advanced technologies in enhancing the overall effectiveness of solar power.

Segmental Insights

End-User Insights

The Industrial segment held the largest Market share in 2023. The rooftop solar PV market in the industrial segment is driven by a confluence of factors that are reshaping the energy landscape. One of the primary drivers is the growing emphasis on sustainability and corporate responsibility among industries, which is pushing companies to reduce their carbon footprints and transition to renewable energy sources. With the global push towards environmental stewardship and carbon neutrality, businesses are increasingly adopting rooftop solar PV systems as part of their green energy strategies. The declining costs of solar technology, including panels and inverters, have made rooftop solar PV installations more economically viable for industrial applications. Technological advancements in solar panel efficiency and energy storage solutions have further enhanced the attractiveness of solar PV systems by increasing energy yield and reliability. Additionally, supportive government policies and incentives, such as tax credits, rebates, and feed-in tariffs, play a crucial role in accelerating the adoption of rooftop solar PV. These financial incentives help offset the initial capital expenditure and improve the return on investment for industrial users. Rising energy costs and the desire for energy independence are also significant motivators. By installing solar PV systems, industrial enterprises can mitigate their reliance on grid power, reduce energy bills, and achieve greater energy security. The scalability of rooftop solar PV systems allows industries to tailor installations to their specific energy needs, whether for partial or full coverage of their electricity consumption. Furthermore, the increasing availability of innovative financing models, such as power purchase agreements (PPAs) and solar leases, has made it easier for industrial players to invest in solar technology without the burden of upfront costs. The integration of smart grid technologies and advanced monitoring systems also enhances the efficiency and management of rooftop solar PV systems, providing real-time data and optimization capabilities. As industries continue to face pressure to meet regulatory requirements and consumer expectations related to sustainability, the adoption of rooftop solar PV is expected to grow. The combined impact of technological advancements, financial incentives, rising energy costs, and the drive towards sustainability creates a compelling case for the expansion of rooftop solar PV installations in the industrial sector.


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Regional Insights

Asia Pacific region held the largest market share in 2023. The rooftop solar PV market in the Asia Pacific region is experiencing robust growth driven by a confluence of factors that highlight the region's commitment to sustainable energy solutions and technological advancements. A key driver is the increasing adoption of renewable energy policies and government incentives aimed at reducing carbon emissions and mitigating climate change. Governments across Asia Pacific, including countries like China, India, and Japan, are implementing supportive regulations such as feed-in tariffs, tax benefits, and subsidies for solar PV installations, making rooftop solar more economically attractive for both residential and commercial users. The escalating energy demand driven by rapid urbanization and industrialization further propels the need for decentralized and reliable energy sources, with rooftop solar PV offering a viable solution to alleviate pressure on traditional grid systems. Technological advancements and cost reductions in solar PV components and installation processes have significantly lowered the overall cost of solar systems, enhancing their affordability and accessibility. Additionally, the growing awareness of environmental sustainability and energy independence among consumers has heightened interest in renewable energy sources, driving the adoption of rooftop solar PV systems.

Rising electricity prices and energy security concerns also encourage the shift towards self-generation and reduced reliance on grid power, further boosting the market. The proliferation of smart grid technologies and innovations in energy storage solutions are complementing the growth of rooftop solar PV by enhancing system efficiency and reliability. As the Asia Pacific region continues to lead in solar energy capacity additions, the expanding presence of solar energy firms and increased availability of financing options are facilitating widespread adoption. Furthermore, the region's diverse climate conditions, ranging from high solar irradiation in areas like Australia and India to favorable weather patterns in Southeast Asia, create an optimal environment for solar energy generation. Collectively, these factors underscore a dynamic market landscape where rooftop solar PV is rapidly becoming a cornerstone of sustainable energy infrastructure, contributing to both economic and environmental benefits across the Asia Pacific region.

Recent Developments

  • In April 2024, Apple has strategically entered into a partnership with CleanMax, a leading renewable energy developer, to launch a joint venture focused on solar energy projects in India. This initiative will see the development of six rooftop solar installations, collectively generating a total capacity of 14.4 megawatts. These projects are set to enhance Apple’s operational sustainability by powering its corporate offices and two flagship retail stores located in Mumbai and New Delhi. By investing in local solar infrastructure, Apple aims to bolster its commitment to renewable energy, reduce its carbon footprint, and achieve greater energy efficiency in its Indian operations.

Key Market Players

  • Tata Power Solar Systems Limited 
  • Amplus Energy Solutions Pvt. Ltd.
  • CleanMax Enviro Energy Solutions Pvt. Ltd.
  • SunSource Energy
  • Momentum Solar LLC
  • Canadian Solar Inc,
  • SunPower Corporation
  • Sharp Corporation
  • Wuxi Suntech Power Co., Ltd.
  • KYOCERA Corporation

By Deployment

By Technology

By Grid Type

By End-User

By Region

  • Ground Mounted
  • Rooftop Mounted
  • Thin Film
  • Crystalline Silicon
  • Off-Grid
  • Grid-connected
  • Residential
  • Commercial
  • Industrial
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

Report Scope:

In this report, the Global Rooftop Solar PV Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Rooftop Solar PV Market, By Deployment:

o   Ground Mounted

o   Rooftop Mounted

  • Rooftop Solar PV Market, By Technology:

o   Thin Film

o   Crystalline Silicon

  • Rooftop Solar PV Market, By Grid Type:

o   Off-Grid

o   Grid-connected   

  • Rooftop Solar PV Market, By End-User:

o   Residential

o   Commercial

o   Industrial  

  • Rooftop Solar PV Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Kuwait

§  Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Rooftop Solar PV Market.

Available Customizations:

Global Rooftop Solar PV Market report with the given Market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Rooftop Solar PV Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

Table of content

1.      Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.        Markets Covered

1.2.2.        Years Considered for Study

1.3.  Key Market Segmentations

2.      Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Formulation of the Scope

2.4.  Assumptions and Limitations

2.5.  Sources of Research

2.5.1.        Secondary Research

2.5.2.        Primary Research

2.6.  Approach for the Market Study

2.6.1.        The Bottom-Up Approach

2.6.2.        The Top-Down Approach

2.7.  Methodology Followed for Calculation of Market Size & Market Shares

2.8.  Forecasting Methodology

2.8.1.        Data Triangulation & Validation

3.      Executive Summary

4.      Voice of Customer

5.      Global Rooftop Solar PV Market Outlook

5.1.  Market Size & Forecast

5.1.1.        By Value

5.2.  Market Share & Forecast

5.2.1.        By Deployment (Ground Mounted and Rooftop Mounted)

5.2.2.        By Technology (Thin Film and Crystalline Silicon)

5.2.3.        By Grid Type (Off-Grid and Grid-connected)

5.2.4.        By End-User (Residential, Commercial, and Industrial)

5.2.5.        By Region

5.3.  By Company (2023)

5.4.  Market Map

6.      North America Rooftop Solar PV Market Outlook

6.1.  Market Size & Forecast

6.1.1.        By Value

6.2.  Market Share & Forecast

6.2.1.        By Deployment

6.2.2.        By Technology

6.2.3.        By Grid Type

6.2.4.        By End-User

6.2.5.        By Country

6.3.  North America: Country Analysis

6.3.1.        United States Rooftop Solar PV Market Outlook

6.3.1.1.    Market Size & Forecast

6.3.1.1.1.                     By Value

6.3.1.2.    Market Share & Forecast

6.3.1.2.1.                     By Deployment

6.3.1.2.2.                     By Technology

6.3.1.2.3.                     By Grid Type

6.3.1.2.4.                     By End-User

6.3.2.        Canada Rooftop Solar PV Market Outlook

6.3.2.1.    Market Size & Forecast

6.3.2.1.1.                     By Value

6.3.2.2.    Market Share & Forecast

6.3.2.2.1.                     By Deployment

6.3.2.2.2.                     By Technology

6.3.2.2.3.                     By Grid Type

6.3.2.2.4.                     By End-User

6.3.3.        Mexico Rooftop Solar PV Market Outlook

6.3.3.1.    Market Size & Forecast

6.3.3.1.1.                     By Value

6.3.3.2.    Market Share & Forecast

6.3.3.2.1.                     By Deployment

6.3.3.2.2.                     By Technology

6.3.3.2.3.                     By Grid Type

6.3.3.2.4.                     By End-User

7.      Europe Rooftop Solar PV Market Outlook

7.1.  Market Size & Forecast

7.1.1.        By Value

7.2.  Market Share & Forecast

7.2.1.        By Deployment

7.2.2.        By Technology

7.2.3.        By Grid Type

7.2.4.        By End-User

7.2.5.        By Country

7.3.  Europe: Country Analysis

7.3.1.        Germany Rooftop Solar PV Market Outlook

7.3.1.1.    Market Size & Forecast

7.3.1.1.1.                     By Value

7.3.1.2.    Market Share & Forecast

7.3.1.2.1.                     By Deployment

7.3.1.2.2.                     By Technology

7.3.1.2.3.                     By Grid Type

7.3.1.2.4.                     By End-User

7.3.2.        United Kingdom Rooftop Solar PV Market Outlook

7.3.2.1.    Market Size & Forecast

7.3.2.1.1.                     By Value

7.3.2.2.    Market Share & Forecast

7.3.2.2.1.                     By Deployment

7.3.2.2.2.                     By Technology

7.3.2.2.3.                     By Grid Type

7.3.2.2.4.                     By End-User

7.3.3.        Italy Rooftop Solar PV Market Outlook

7.3.3.1.    Market Size & Forecast

7.3.3.1.1.                     By Value

7.3.3.2.    Market Share & Forecast

7.3.3.2.1.                     By Deployment

7.3.3.2.2.                     By Technology

7.3.3.2.3.                     By Grid Type

7.3.3.2.4.                     By End-User

7.3.4.        France Rooftop Solar PV Market Outlook

7.3.4.1.    Market Size & Forecast

7.3.4.1.1.                     By Value

7.3.4.2.    Market Share & Forecast

7.3.4.2.1.                     By Deployment

7.3.4.2.2.                     By Technology

7.3.4.2.3.                     By Grid Type

7.3.4.2.4.                     By End-User

7.3.5.        Spain Rooftop Solar PV Market Outlook

7.3.5.1.    Market Size & Forecast

7.3.5.1.1.                     By Value

7.3.5.2.    Market Share & Forecast

7.3.5.2.1.                     By Deployment

7.3.5.2.2.                     By Technology

7.3.5.2.3.                     By Grid Type

7.3.5.2.4.                     By End-User

8.      Asia-Pacific Rooftop Solar PV Market Outlook

8.1.  Market Size & Forecast

8.1.1.        By Value

8.2.  Market Share & Forecast

8.2.1.        By Deployment

8.2.2.        By Technology

8.2.3.        By Grid Type

8.2.4.        By End-User

8.2.5.        By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.        China Rooftop Solar PV Market Outlook

8.3.1.1.    Market Size & Forecast

8.3.1.1.1.                     By Value

8.3.1.2.    Market Share & Forecast

8.3.1.2.1.                     By Deployment

8.3.1.2.2.                     By Technology

8.3.1.2.3.                     By Grid Type

8.3.1.2.4.                     By End-User

8.3.2.        India Rooftop Solar PV Market Outlook

8.3.2.1.    Market Size & Forecast

8.3.2.1.1.                     By Value

8.3.2.2.    Market Share & Forecast

8.3.2.2.1.                     By Deployment

8.3.2.2.2.                     By Technology

8.3.2.2.3.                     By Grid Type

8.3.2.2.4.                     By End-User

8.3.3.        Japan Rooftop Solar PV Market Outlook

8.3.3.1.    Market Size & Forecast

8.3.3.1.1.                     By Value

8.3.3.2.    Market Share & Forecast

8.3.3.2.1.                     By Deployment

8.3.3.2.2.                     By Technology

8.3.3.2.3.                     By Grid Type

8.3.3.2.4.                     By End-User

8.3.4.        South Korea Rooftop Solar PV Market Outlook

8.3.4.1.    Market Size & Forecast

8.3.4.1.1.                     By Value

8.3.4.2.    Market Share & Forecast

8.3.4.2.1.                     By Deployment

8.3.4.2.2.                     By Technology

8.3.4.2.3.                     By Grid Type

8.3.4.2.4.                     By End-User

8.3.5.        Australia Rooftop Solar PV Market Outlook

8.3.5.1.    Market Size & Forecast

8.3.5.1.1.                     By Value

8.3.5.2.    Market Share & Forecast

8.3.5.2.1.                     By Deployment

8.3.5.2.2.                     By Technology

8.3.5.2.3.                     By Grid Type

8.3.5.2.4.                     By End-User

9.      South America Rooftop Solar PV Market Outlook

9.1.  Market Size & Forecast

9.1.1.        By Value

9.2.  Market Share & Forecast

9.2.1.        By Deployment

9.2.2.        By Technology

9.2.3.        By Grid Type

9.2.4.        By End-User

9.2.5.        By Country

9.3.  South America: Country Analysis

9.3.1.        Brazil Rooftop Solar PV Market Outlook

9.3.1.1.    Market Size & Forecast

9.3.1.1.1.                     By Value

9.3.1.2.    Market Share & Forecast

9.3.1.2.1.                     By Deployment

9.3.1.2.2.                     By Technology

9.3.1.2.3.                     By Grid Type

9.3.1.2.4.                     By End-User

9.3.2.        Argentina Rooftop Solar PV Market Outlook

9.3.2.1.    Market Size & Forecast

9.3.2.1.1.                     By Value

9.3.2.2.    Market Share & Forecast

9.3.2.2.1.                     By Deployment

9.3.2.2.2.                     By Technology

9.3.2.2.3.                     By Grid Type

9.3.2.2.4.                     By End-User

9.3.3.        Colombia Rooftop Solar PV Market Outlook

9.3.3.1.    Market Size & Forecast

9.3.3.1.1.                     By Value

9.3.3.2.    Market Share & Forecast

9.3.3.2.1.                     By Deployment

9.3.3.2.2.                     By Technology

9.3.3.2.3.                     By Grid Type

9.3.3.2.4.                     By End-User

10. Middle East and Africa Rooftop Solar PV Market Outlook

10.1.    Market Size & Forecast           

10.1.1.   By Value

10.2.    Market Share & Forecast

10.2.1.   By Deployment

10.2.2.   By Technology

10.2.3.   By Grid Type

10.2.4.   By End-User

10.2.5.   By Country

10.3.    Middle East and Africa: Country Analysis

10.3.1.   South Africa Rooftop Solar PV Market Outlook

10.3.1.1.                        Market Size & Forecast

10.3.1.1.1.                 By Value

10.3.1.2.                        Market Share & Forecast

10.3.1.2.1.                 By Deployment

10.3.1.2.2.                 By Technology

10.3.1.2.3.                 By Grid Type

10.3.1.2.4.                 By End-User

10.3.2.   Saudi Arabia Rooftop Solar PV Market Outlook

10.3.2.1.                        Market Size & Forecast

10.3.2.1.1.                 By Value

10.3.2.2.                        Market Share & Forecast

10.3.2.2.1.                 By Deployment

10.3.2.2.2.                 By Technology

10.3.2.2.3.                 By Grid Type

10.3.2.2.4.                 By End-User

10.3.3.   UAE Rooftop Solar PV Market Outlook

10.3.3.1.                        Market Size & Forecast

10.3.3.1.1.                 By Value

10.3.3.2.                        Market Share & Forecast

10.3.3.2.1.                 By Deployment

10.3.3.2.2.                 By Technology

10.3.3.2.3.                 By Grid Type

10.3.3.2.4.                 By End-User

10.3.4.   Kuwait Rooftop Solar PV Market Outlook

10.3.4.1.                        Market Size & Forecast

10.3.4.1.1.                 By Value

10.3.4.2.                        Market Share & Forecast

10.3.4.2.1.                 By Deployment

10.3.4.2.2.                 By Technology

10.3.4.2.3.                 By Grid Type

10.3.4.2.4.                 By End-User

10.3.5.   Turkey Rooftop Solar PV Market Outlook

10.3.5.1.                        Market Size & Forecast

10.3.5.1.1.                 By Value

10.3.5.2.                        Market Share & Forecast

10.3.5.2.1.                 By Deployment

10.3.5.2.2.                 By Technology

10.3.5.2.3.                 By Grid Type

10.3.5.2.4.                 By End-User

11. Market Dynamics

11.1.    Drivers

11.2.    Challenges

12. Market Trends & Developments

13. Company Profiles

13.1.    Tata Power Solar Systems Limited  

13.1.1.   Business Overview

13.1.2.   Key Revenue and Financials 

13.1.3.   Recent Developments

13.1.4.   Key Personnel/Key Contact Person

13.1.5.   Key Product/Services Offered

13.2.    Amplus Energy Solutions Pvt. Ltd.

13.2.1.   Business Overview

13.2.2.   Key Revenue and Financials 

13.2.3.   Recent Developments

13.2.4.   Key Personnel/Key Contact Person

13.2.5.   Key Product/Services Offered

13.3.    CleanMax Enviro Energy Solutions Pvt. Ltd.

13.3.1.   Business Overview

13.3.2.   Key Revenue and Financials 

13.3.3.   Recent Developments

13.3.4.   Key Personnel/Key Contact Person

13.3.5.   Key Product/Services Offered

13.4.    SunSource Energy

13.4.1.   Business Overview

13.4.2.   Key Revenue and Financials 

13.4.3.   Recent Developments

13.4.4.   Key Personnel/Key Contact Person

13.4.5.   Key Product/Services Offered

13.5.    Momentum Solar LLC

13.5.1.   Business Overview

13.5.2.   Key Revenue and Financials 

13.5.3.   Recent Developments

13.5.4.   Key Personnel/Key Contact Person

13.5.5.   Key Product/Services Offered

13.6.    Canadian Solar Inc,

13.6.1.   Business Overview

13.6.2.   Key Revenue and Financials 

13.6.3.   Recent Developments

13.6.4.   Key Personnel/Key Contact Person

13.6.5.   Key Product/Services Offered

13.7.    SunPower Corporation

13.7.1.   Business Overview

13.7.2.   Key Revenue and Financials 

13.7.3.   Recent Developments

13.7.4.   Key Personnel/Key Contact Person

13.7.5.   Key Product/Services Offered

13.8.    Sharp Corporation

13.8.1.   Business Overview

13.8.2.   Key Revenue and Financials 

13.8.3.   Recent Developments

13.8.4.   Key Personnel/Key Contact Person

13.8.5.   Key Product/Services Offered

13.9.    Wuxi Suntech Power Co., Ltd.

13.9.1.   Business Overview

13.9.2.   Key Revenue and Financials 

13.9.3.   Recent Developments

13.9.4.   Key Personnel/Key Contact Person

13.9.5.   Key Product/Services Offered

13.10.                         KYOCERA Corporation

13.10.1.                       Business Overview

13.10.2.                       Key Revenue and Financials 

13.10.3.                       Recent Developments

13.10.4.                       Key Personnel/Key Contact Person

13.10.5.                       Key Product/Services Offered

14. Strategic Recommendations

15. About Us & Disclaimer

Figures and Tables

Frequently asked questions

Frequently asked questions

The Market size of the Global Rooftop Solar PV Market was USD 90.78 billion in 2023.

The Industrial segment dominated the Market in 2023 owing to the rising energy costs and the need for sustainable practices. Companies are increasingly adopting solar solutions to reduce operational expenses, enhance energy security, and meet regulatory requirements for emissions reduction, thereby fuelling market growth.

The Asia Pacific Region dominated the market in 2023 due to the robust government incentives, increasing energy demands, and growing environmental awareness. Favorable policies, decreasing installation costs, and technological advancements are further accelerating adoption, making solar energy a viable and attractive option for both residential and commercial sectors.

The rooftop solar PV market is driven by declining installation costs, advancements in solar technology, and supportive government incentives. Increasing consumer awareness of environmental benefits and rising energy prices further boost market growth. Additionally, the push for energy independence and sustainability accelerates the adoption of rooftop solar solutions.

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