Global Rooftop Solar PV Market Production, Revenue, Growth Rate, Industry Trends, Impact Factors, And SWOT Analysis
Research Nester published a report titled “Rooftop Solar PV Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the global rooftop solar PV market in terms of market segmentation by application, end-user, and by region.
Further,
for the in-depth analysis, the report encompasses the industry growth
indicators, restraints, supply and demand risk, along with detailed discussion
on current and future market trends that are associated with the growth of the
market.
The
global rooftop solar PV market is anticipated to attain notable CAGR over the forecast
period, i.e., 2022-2030. The market is segmented on the basis of end-user, into
residential, commercial, and others. Among these, the residential segment is
estimated to hold the largest market share, as rooftop solar PVs are majorly
used in houses. Growing awareness amongst the public, and adoption of solar
panels at an individual level, is estimated to boost the segment growth.
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Strategic Report: https://www.researchnester.com/sample-request-3364
The
global rooftop solar PV market is anticipated to grow on the back of increasing
awareness regarding the use of renewable energy amongst the government as well
as the public. Government initiatives, such as, subsidy on solar panels, to
promote the installation of solar panels, is estimated to boost the market
growth. Furthermore, the rapid depletion of fossil fuels, along with growing
climate concerns amongst the authorities is estimated to further promote the
market growth.
Geographically,
the global rooftop solar PV market is segmented into five major regions
including North America, Europe, Asia Pacific, Latin America and Middle East
& Africa region. Out of these, the market in the North America is estimated
to garner significant share over the forecast period owing to the high
awareness amongst the masses, along with presence of major manufacturers of solar
panels in the region. As per the data from the U.S. Energy Information
Administration (EIA), U.S. had over 2,500 solar power plants in the year 2018.
Growing
Environment Awareness to Boost the Market Growth
The
process of generating electricity in thermal power plants using coal or
petroleum creates massive air pollution, which elevates global warming and
ozone depletion. This has given rise to major environmental concerns among
people and the authorities to curb pollution and develop an alternative source
for generating electricity. As a result, people are opting for installation of
solar panels in their houses to reduce dependance on electricity generated by
fossil fuels. This is estimated to boost the market growth.
However,
the high investment, along with the lack of proper infrastructure is expected
to hamper the market growth.
“The
Final Report will cover the impact analysis of COVID-19 on this industry.”
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This report also provides the existing competitive scenario of some of the key players of the global rooftop solar PV market which includes company profiling of Canadian Solar Inc, S.A, Trina Solar Co., Ltd, GreenBrilliance Renewable Energy LLP, Sharp Corporation, TATA Power Solar Systems Limited (TATA Group), SunPower Corporation, First Solar, Inc., Shanghai Aiko Solar Energy Co., Ltd., JA Solar Technology Co., Ltd., and Jinko Solar Denmark ApS. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global rooftop solar PV market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision in order to avoid future uncertainties.
Contact for more
Info:
AJ Daniel
Email: info@researchnester.com
U.S. Phone: +1 646 586 9123
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