Rooftop Solar Photovoltaic (PV) Installation Market 2020 – Comprehensive Analysis with Top Trends, Size, Share, Future Growth Opportunities & Forecast by 2027 | Sunpower Corporation, Yingli green Energy holding, Suntech Power holding
The global Rooftop Solar Photovoltaic (PV) Installation market is expected to reach USD 29.76 billion by 2026, according to a new report by Reports and Data. A rooftop solar photovoltaic setup is a photovoltaic system that finds application in the generation of electricity from the solar panel installed on the rooftop of a commercial or residential building. The market demand is propelled by various policies and efforts undertaken by governments across the world for the installation of Rooftop Solar Photovoltaic setups to reduce the consumption of energy generated from fossil fuels which is non-renewable source of energy. Solar photovoltaic setups can share a certain percentage of the rising demand for electricity owing to rise in automation, growth in industrialization as well as rise in the living standards of the people.
The report includes the latest coverage of the impact of COVID-19 on the Rooftop Solar Photovoltaic (PV) Installation industry. The incidence has affected nearly every aspect of the business domain. This study evaluates the current scenario and predicts future outcomes of the pandemic on the global economy.
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The Asia Pacific market is projected to grow at a CAGR of 17.1% in the forecast period and contributes to the largest market share. This can be attributed to the plenty of sunlight received by this region, the surging demand for electricity as well as the emerging need to discover alternatives ways to the quickly depleting fossil fuels in this region.
Key participants include: Sunpower Corporation, Yingli green Energy holding, Suntech Power holding, Canadian Solar, Sharp Solar, Trina Solar, Solar World, Schott Solar, Panasonic Corporation and Jinko Solar Holding Company.
The research segments the market based on product type, applications and end-use. It profiles the key players of the business and their individual contribution to the global economy. The report focuses on significant investments, business ventures, mergers, acquisitions, collaborations along with the technological developments in the field. It also evaluates the upcoming and niche areas in the business. The researcher aims to offer expert insights related to the industry and the new opportunities available in the market.
For the purpose of this report, Reports and Data have segmented the global Rooftop Solar Photovoltaic (PV) Installation market according to Product, Component, Application, End-user, and Region:
Type Outlook (Revenue, USD Billion; 2018-2026)
- Crystalline Silicon
- Thin Film
Application Outlook (Revenue, USD Billion; 2018-2026)
- Residential
- Non-Residential
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Further key findings from the report suggest:
- The thin film type installation of rooftop solar photovoltaic setups is expected to grow at highest rate of 17.2% during the forecast while maintaining its dominance in the market. The largest contribution to the market share by this type is chiefly owing to the affordable installation of thin film type rooftop solar photovoltaic setups with the highly efficient generation of electricity.
- The installation of rooftop solar photovoltaic setups in residential buildings is expected to grow at the highest rate with a CAGR of 17% during the forecast period. An increase in the requirement for harvesting of solar energy is due to rise in competition in the market.
- The Asia Pacific market is projected to grow at a CAGR of 17.1% in the forecast period and contributes to the largest market share. This can be attributed to the plenty of sunlight received by this region, the surging demand for electricity as well as the emerging need to discover alternatives ways to the quickly depleting fossil fuels in this region.
- On November, 2018, Sunpower Corporation launched the 19% efficient Performance Solar panel for effective harvesting of solar energy for residential sector in Australia and is available in various designs up to 325-watts….Continued
This report comprises drivers, restraints, opportunities, and challenges pertaining to the API testing market; and extensive value chain analysis, patent analysis, analysis of the current manufacturing capability and technology status, commercialization potential in different devices, along with market size forecasts till 2026.
Key Questioned Answered mentioned in the Report –
- What are the products offered by the Rooftop Solar Photovoltaic (PV) Installation industry presently?
- What are the different applications of the products offered in this market of Rooftop Solar Photovoltaic (PV) Installation?
- Who could be claimed as the most dominant and influential players in this global industry?
- Which factors act as the drivers of this market, and which factors pull this industry down acting as restraints?
- What can be determined by the trends obtained from the evaluation of the historical data for the Rooftop Solar Photovoltaic (PV) Installation industry?
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