Solar Rooftop Market by Product and Application - Global Industry Analysis and Forecast to 2022

2018-05-30 / 3800.00 / Energy / 105 Pages

Description

Industry Trend Analysis

In 2012, the solar rooftop market was valued around USD 1.48 billion and is anticipated to reach approximately USD 4.14 billion by 2022, while registering at a significant compound annual growth rate (CAGR) of 9.70% during the forecast period. A solar rooftop transforms the light energy from the sun into electrical energy with the help of solar panels mounted on the roof on any construction. These rooftop solar panels can either be off-grid with the battery storage or connected to the grid. They are used in several commercial, residential and industrial purposes along with system ratings of up to 10 kW, 11kW-100MW and over 100 MW, respectively. The extreme need for energy in the face of diminishing fossil fuels, has resulted in application of solar rooftop panels in many segments. Apart from rendering energy efficient solutions, these solar panels are also easy and user-friendly to install. In the recent past, the demand for solar rooftops is has progressively increased and is projected to grow with a striking profit. These systems have been leading the renewable energy market due to its escalating demand from its end user applications. Solar rooftops particularly in the residential application is propelling this market further. In the past decade, there has been a steady downfall in the cost of major elements such as poly-silicone, silver that are used in the process of manufacturing of solar cells. Owing to higher electricity generating capacity, rooftop solar panels are becoming a priority option for alternate energy, surpassing other green sources of energy. Because of such advantages, this industry’s market is booming. Governments from various regions are offering tax sops in order to deploy solar panels to create heat, this factor is promoting the further growth of this market. Therefore, both public and private investors are channeling money into the major companies that are involved in manufacturing these panels. However, lack of smart grid infrastructure is said to hinder the growth of this market to some extent. This results in making them inviable for supplying the energy on a bigger scale. Moreover, the market is being put off by the negative sentiments related to the net metering policies meant for setting up these panels.

Product Outlook and Trend Analysis

Based on the type of Products, the solar rooftop market is segmented into off-grid type electricity generating systems and on-grid type. In on-grid system, the solar is connected with the utility grid, generally the power lines, along with batteries and loads if at all present. In exclusively on-grid solar panels, batteries are not attached. The off-grid solar systems generate electricity that is exhausted by the load which is connected, and the extra power stored in batteries is to be used whenever needed. Innovation of decentralized power to decrease dependency on grid will propel the product demand further. High efficiency, facility for orientation and inclination and ease of maintenance, will enhance the solar rooftop systems market.

End User Outlook and Trend Analysis

The market based on end user application is typically segmented into residential, commercial and industrial. Increasing demand for uninterrupted and reliable electricity supply from urban areas will support the residential application market. In fact, in 2016, Sweden Government declared 60% subsidy to cloak the cost of installation in residential energy storage system which included solar systems. Escalating investment towards expansion of green building constructions will impel the commercial solar rooftop market. In 2016, France set up novel tenders for installing PV systems on industrial and commercial buildings to gain 20.2 GW OV capacity by 2023. Europe announced 2010/31/EU directive, with a motive to make sure that all novel constructions to be net zero buildings by 2020.

Regional Outlook and Trend Analysis

North America is accountable for major market share in the global segment of solar rooftop owing to fast adaptation of the TPO model. Moreover, this region is predicted to maintain its predominant share owing to rooftop installations garnering further traction. Europe solar rooftop market is also soaring gradually is expected to sustain its position during the forecast period due to elevating compliance for green energy and high adoption of solar energy. Various governments in Europe are rendering tax benefits to the market manufacturers which is resulting in the lucrative growth of this market. Because of several government schemes like direct capital subsidies, financing schemes, and green electricity schemes, Germany leads the European market of solar rooftops. Asia Pacific also holds a significant market for rooftop solar panels which is experiencing a considerable growth owing to surge in solar rooftop installations, more funding from the government and high energy demands. In Asia Pacific, Japan leads the market due to sustainable building demands and tax benefits. Furthermore, surplus consumer base, high GDP growth, developing infrastructure, and sustainable energy requirements in India and China are encouraging the growth of this market industry in Asia Pacific.

Competitive Outlook and Trend Analysis

The major market players of the global solar rooftop market are Trina Solar (China), SMA Solar Technology AG (Germany), SolarWorld AG (Germany), Yingli Green Energy Holding Company Limited (China), Shunfeng International Clean Energy Limited. (China), Canadian Solar Inc. (Canada), JA Solar Holdings Co., Ltd. (China), Jinko Solar (China), ABB Ltd. (Switzerland), SunPower Corporation (U.S.), Delta Energy Systems (Germany), and Tata Power Solar Systems Limited (India). So as to strengthen their positions, these market players are directing money into R&D for developing new products. They might also think over strategic mergers and acquisitions in order to expand client pool, product portfolio and enhance outreach.

The global solar rooftop market is segmented as follows:

By Product:


On-Grid Type
Off- Grid Type


By Application:


Industrial
Commercial
Residential


By Region:


North America



U.S
Canada
Mexico



Europe



Germany
France
UK
Italy
Spain
Rest of Europe



Asia-Pacific



Japan
China
Australia
India
South Korea
Rest of Asia Pacific



Rest of the World



Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others


Some of the key questions answered by the report are:


What was the market size in 2012 and forecast from 2013 to 2022`
What will be the industry market growth from 2013 to 2022`
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast`
What are the major segments leading the market growth and why`
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition`

Table of Content

Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Growing Demand of Solar Panels in Residential Bildings
3.2.1.2. Easy to use Electricity solutions to residential consumers
3.2.2. Restraints
3.2.2.1. High Cost of Solar Panels
3.2.3. Opportunities
3.2.3.1. Technological Advancement in Solar Panels for utilization of Energy
4. Solar Rooftop Market, By Product
4.1. Introduction
4.2. Solar Rooftop Market Assessment and Forecast, By Product, 2012-2022
4.3. On-Grid Type
4.3.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.4. Off- Grid Type
4.4.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
5. Solar Rooftop Market, By Application
5.1. Introduction
5.2. Solar Rooftop Market Assessment and Forecast, By Application, 2012-2022
5.3. Industrial
5.3.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
5.4. Commercial
5.4.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
5.5. Residential
5.5.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
6. Solar Rooftop Market, By Region
6.1. Introduction
6.2. Solar Rooftop Market Assessment and Forecast, By Region, 2012-2022 ($Million)
6.3. North America
6.3.1. Market Assessment and Forecast, By Country, 2012-2022 ($Million)
6.3.2. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.3.3. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.3.3.1. U.S.
6.3.3.1.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.3.3.1.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.3.3.2. Canada
6.3.3.2.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.3.3.2.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.3.3.3. Mexico
6.3.3.3.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.3.3.3.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.4. Europe
6.4.1. Market Assessment and Forecast, By Country, 2012-2022 ($Million)
6.4.2. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.4.3. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.4.3.1. Germany
6.4.3.1.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.4.3.1.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.4.3.2. France
6.4.3.2.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.4.3.2.2. Market Assessment and Forecast, By Applications, 2012-2022 ($Million)
6.4.3.3. UK
6.4.3.3.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.4.3.3.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.4.3.4. Italy
6.4.3.4.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.4.3.4.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.4.3.5. Spain
6.4.3.5.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.4.3.5.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.4.3.6. Rest of Europe
6.4.3.6.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.4.3.6.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.5. Asia-Pacific
6.5.1. Market Assessment and Forecast, By Country, 2012-2022 ($Million)
6.5.2. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.5.3. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.5.3.1. Japan
6.5.3.1.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.5.3.1.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.5.3.2. China
6.5.3.2.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.5.3.2.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.5.3.3. Australia
6.5.3.3.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.5.3.3.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.5.3.4. India
6.5.3.4.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.5.3.4.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.5.3.5. South Korea
6.5.3.5.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.5.3.5.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.5.3.6. Rest of Asia-Pacific
6.5.3.6.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.5.3.6.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.6. Rest of the World
6.6.1. Market Assessment and Forecast, By Country, 2012-2022 ($Million)
6.6.2. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.6.3. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.6.3.1. Brazil
6.6.3.1.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.6.3.1.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.6.3.2. Turkey
6.6.3.2.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.6.3.2.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.6.3.3. Saudi Arabia
6.6.3.3.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.6.3.3.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.6.3.4. South Africa
6.6.3.4.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.6.3.4.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.6.3.5. United Arab Emirates
6.6.3.5.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.6.3.5.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.6.3.6. Others
6.6.3.6.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.6.3.6.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
7. Company Profiles
7.1. Yingli Solar
7.1.1. Business Overview
7.1.2. Product Portfolio
7.1.3. Key Financials
7.1.4. Strategic Developments
7.2. Trina Solar
7.2.1. Business Overview
7.2.2. Product Portfolio
7.2.3. Key Financials
7.2.4. Strategic Developments
7.3. Canadian Solar
7.3.1. Business Overview
7.3.2. Product Portfolio
7.3.3. Key Financials
7.3.4. Strategic Developments
7.4. SolarWorld
7.4.1. Business Overview
7.4.2. Product Portfolio
7.4.3. Key Financials
7.4.4. Strategic Developments
7.5. JinkoSolar
7.5.1. Business Overview
7.5.2. Product Portfolio
7.5.3. Key Financials
7.5.4. Strategic Developments
7.6. SunPower Corporation
7.6.1. Business Overview
7.6.2. Product Portfolio
7.6.3. Key Financials
7.6.4. Strategic Developments
7.7. Shunfeng International
7.7.1. Business Overview
7.7.2. Product Portfolio
7.7.3. Key Financials
7.7.4. Strategic Developments
7.8. JA SOLAR Co.,Ltd
7.8.1. Business Overview
7.8.2. Product Portfolio
7.8.3. Key Financials
7.8.4. Strategic Developments
7.9. SolarCity Corporation
7.9.1. Business Overview
7.9.2. Product Portfolio
7.9.3. Key Financials
7.9.4. Strategic Developments
7.10. Tata Power
7.10.1. Business Overview
7.10.2. Product Portfolio
7.10.3. Key Financials
7.10.4. Strategic Developments
7.11. Kingspan Group plc
7.11.1. Business Overview
7.11.2. Product Portfolio
7.11.3. Key Financials
7.11.4. Strategic Developments
7.12. SMA Solar Technology AG
7.12.1. Business Overview
7.12.2. Product Portfolio
7.12.3. Key Financials
7.12.4. Strategic Developments
7.13. Delta Electronics Inc.
7.13.1. Business Overview
7.13.2. Product Portfolio
7.13.3. Key Financials

7.13.4. Strategic Developments


Table of Figures

Table 1.Solar Rooftop Market, By Product ($Million), 2012-2022
Table 2.On-Grid Type Market, By Region ($Million), 2012-2022
Table 3.Off- Grid Type Market, By Region ($Million), 2012-2022
Table 4.Solar Rooftop Market, By Application ($Million), 2012-2022
Table 5.Industrial Market, By Region ($Million), 2012-2022
Table 6.Commercial Market, By Region ($Million), 2012-2022
Table 7.Residential Market, By Region ($Million), 2012-2022
Table 8.Solar Rooftop Market, By Region ($Million), 2012-2022
Table 9.North America Solar Rooftop Market, By Country, 2012-2022 ($Million)
Table 10.North America Solar Rooftop Market, By Product, 2012-2022 ($Million)
Table 11.North America Solar Rooftop Market, By Application, 2012-2022 ($Million)
Table 12.U.S. Solar Rooftop Market, By Product, 2012-2022 ($Million)
Table 14.U.S. Solar Rooftop Market, By Application, 2012-2022 ($Million)
Table 15.Canada Solar Rooftop Market, By Product, 2012-2022 ($Million)
Table 16.Canada Solar Rooftop Market, By Application, 2012-2022 ($Million)
Table 17.Mexico Solar Rooftop Market, By Product, 2012-2022 ($Million)
Table 18.Mexico Solar Rooftop Market, By Application, 2012-2022 ($Million)
Table 19.Europe Solar Rooftop Market, By Country, 2012-2022 ($Million)
Table 20.Europe Solar Rooftop Market, By Product, 2012-2022 ($Million)
Table 21.Europe Solar Rooftop Market, By Application, 2012-2022 ($Million)
Table 22.Germany Solar Rooftop Market, By Product, 2012-2022 ($Million)
Table 23.Germany Solar Rooftop Market, By Application, 2012-2022 ($Million)
Table 24.France Solar Rooftop Market, By Product, 2012-2022 ($Million)
Table 25.France Solar Rooftop Market, By Application, 2012-2022 ($Million)
Table 26.UK Solar Rooftop Market, By Product, 2012-2022 ($Million)
Table 27.UK Solar Rooftop Market, By Application, 2012-2022 ($Million)
Table 28.Italy Solar Rooftop Market, By Product, 2012-2022 ($Million)
Table 29.Italy Solar Rooftop Market, By Application, 2012-2022 ($Million)
Table 30.Spain Solar Rooftop Market, By Product, 2012-2022 ($Million)
Table 31.Spain Solar Rooftop Market, By Application, 2012-2022 ($Million)
Table 32.Rest of Europe Solar Rooftop Market, By Product, 2012-2022 ($Million)
Table 33.Rest of Europe Solar Rooftop Market, By Application, 2012-2022 ($Million)
Table 34.Asia-Pacific Solar Rooftop Market, By Country, 2012-2022 ($Million)
Table 35.Asia-Pacific Solar Rooftop Market, By Product, 2012-2022 ($Million)
Table 36.Asia-Pacific Solar Rooftop Market, By Application, 2012-2022 ($Million)
Table 37.Japan Solar Rooftop Market, By Product, 2012-2022 ($Million)
Table 38.Japan Solar Rooftop Market, By Application, 2012-2022 ($Million)
Table 39.China Solar Rooftop Market, By Product, 2012-2022 ($Million)
Table 40.China Solar Rooftop Market, By Application, 2012-2022 ($Million)
Table 41.Australia Solar Rooftop Market, By Product, 2012-2022 ($Million)
Table 42.Australia Solar Rooftop Market, By Application, 2012-2022 ($Million)
Table 43.India Solar Rooftop Market, By Product, 2012-2022 ($Million)
Table 44.India Solar Rooftop Market, By Application, 2012-2022 ($Million)
Table 45.South Korea Solar Rooftop Market, By Product, 2012-2022 ($Million)
Table 46.South Korea Solar Rooftop Market, By Application, 2012-2022 ($Million)
Table 47.Rest of Asia-Pacific Solar Rooftop Market, By Product, 2012-2022 ($Million)
Table 48.Rest of Asia-Pacific Solar Rooftop Market, By Application, 2012-2022 ($Million)
Table 49.Rest of the World Solar Rooftop Market, By Country, 2012-2022 ($Million)
Table 50.Rest of the World Solar Rooftop Market, By Product, 2012-2022 ($Million)
Table 51.Rest of the World Solar Rooftop Market, By Application, 2012-2022 ($Million)
Table 52.Brazil Solar Rooftop Market, By Product, 2012-2022 ($Million)
Table 53.Brazil Solar Rooftop Market, By Application, 2012-2022 ($Million)
Table 54.Turkey Solar Rooftop Market, By Product, 2012-2022 ($Million)
Table 56.Turkey Solar Rooftop Market, By Application, 2012-2022 ($Million)
Table 57.Saudi Arabia Solar Rooftop Market, By Product, 2012-2022 ($Million)
Table 58.Saudi Arabia Solar Rooftop Market, By Application, 2012-2022 ($Million)
Table 59.South Africa Solar Rooftop Market, By Product, 2012-2022 ($Million)
Table 60.South Africa Solar Rooftop Market, By Application, 2012-2022 ($Million)
Table 61.United Arab Emirates Solar Rooftop Market, By Product, 2012-2022 ($Million)
Table 62.United Arab Emirates Solar Rooftop Market, By Application, 2012-2022 ($Million)
Table 63.Others Solar Rooftop Market, By Product, 2012-2022 ($Million)
Table 64.Others Solar Rooftop Market, By Application, 2012-2022 ($Million)
Table 65.Yingli Solar: Key Strategic Developments, 2015-2017
Table 66.Trina Solar: Key Strategic Developments, 2015-2017
Table 67.Canadian Solar: Key Strategic Developments, 2015-2017
Table 68.SolarWorld: Key Strategic Developments, 2015-2017
Table 69.JinkoSolar: Key Strategic Developments, 2015-2017
Table 70.SunPower Corporation: Key Strategic Developments, 2015-2017
Table 71.Shunfeng International: Key Strategic Developments, 2015-2017
Table 72.JA SOLAR Co.,Ltd: Key Strategic Developments, 2015-2017
Table 73.SolarCity Corporation: Key Strategic Developments, 2015-2017
Table 74.Tata Power: Key Strategic Developments, 2015-2017
Table 75.Kingspan Group plc: Key Strategic Developments, 2015-2017
Table 76.SMA Solar Technology AG: Key Strategic Developments, 2015-2017
Table 77.Delta Electronics Inc.: Key Strategic Developments, 2015-2017

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