Solar Roofing Market Advanced Technologies & Growth Opportunities in Industry By 2030

Allied Market Research published a new report, titled, “ Solar Roofing Market.” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

Solar rooftop are solar panels set on top of roofs of buildings. They capture the sunlight energy emitted by the sun and change it into electrical energy. This apparatus is also called as solar rooftop photo-voltaic system. It generates a clean, Eco friendly form of energy, which means that it does not produce any form of pollution or toxic gases. Solar market all over the world is on a brink to make our mother earth a healthy and secure place to live. A solar rooftop panel only requires area and abundant amount of sunlight for efficient working, and on some days when the sun is low, batteries stored in the panels will work as an alternative.

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A solar rooftop system converts sunlight energy into electricity energy with the help solar panels which are installed on the roof of any residential and non-residential building. These systems can connect to the grid, or to the off-grid with battery depot. Solar rooftop panels enable safe, secure, noiseless power production, which makes them indispensable product. Cost-effective and efficient nature, lessening in technology prices, and increasing networks of solar installers helps to drive the market towards growth. Additionally, environmental concerns, increasing investment in clean energy, and low operating cost of a solar rooftop panels are some key factors boosting the market growth.

The research offers an extensive analysis of key players active in the global Solar Roofing industry. Detailed analysis on operating business segments, product portfolio, business performance, and key strategic developments is offered in the research. Leading market players analyzed in the report include JinkoSolar, JA Solar, Trina Solar, LONGi Solar, Canadian Solar, Hanwha Q-CELLS, Risen Energy, GCL-SI, First Solar, Talesun, SunPower Corporation, ReneSola, Shenzhen Yingli New Energy Resources Co., Ltd, E-Ton Solar, Indosol. These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.

Market Trends

  • Asia-Pacific region holds the largest share estimated at almost 50% in global solar rooftop market and is anticipated to grow at a high rate which will directly result into growth in sale of solar rooftop substantially. The rapid growth in industrial & commercial and utility sector in Asia-Pacific, requires a huge amount of electricity for their operations. , the government initiative for use of renewable energy is making the end user opt for solar energy. All these key factors will massively constitute for the growth of solar rooftop in this Asia-Pacific for forecast time.
  • The European regional market captured a revenue share of over 26.52%. U.K. registered for the highest income market share in Europe. Growing trend of producing power through renewable energy is supporting to the rising solar roofing market. Additionally, regulatory reforms with context to clean energy deployment are driving the regional market growth.
  • North America captured a significant market share, with the U.S. being the key revenue generator to regional growth. The rising requirement for clean fuel power generation along with the increasing capacity of residential solar is anticipated to boost product penetration across the country in the oncoming years.

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COVID-19 Impact analysis

COVID-19 has had less impact on the wind and solar power projects as it depends on natural resources, i.e. wind and sunlight which has not been disturbed while at the other end of the spectrum rooftop solar projects are the most adversely affected in the renewable sector as most of them are small-sized companies and the pandemic put in a lot ho pressure on them.

Post lockdown and post pandemic, the industry will have to deal with the after effects as new solar roofing is not a necessity for consumers. With consumers dealing with several financial problems, solar roofing will be the least priority on their list resulting to a delay in the decisions with context the installation of solar rooftops.

Key Market Segments

By Grid Type

  • On-grid
  • Off-grid
  • Hybrid
  • Grid Interactive

By Application

  • Residential
  • Commercial
  • Industrial
  • Others

By Capacity

  • Thin film
  • Crystalline Silicon
  • others

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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