Global Rooftop Solar PV market Size Study, by Deployment (Terrace Mounted, Pole Mounted), by Technology (Thin Film, Crystalline Silicon), by Grid Type (Off-Grid, Grid Connected), by End-Use (Residential, Commercial, Industrial), and Regional Forecasts 202

Global Rooftop Solar PV market Size Study, by Deployment (Terrace Mounted, Pole Mounted), by Technology (Thin Film, Crystalline Silicon), by Grid Type (Off-Grid, Grid Connected), by End-Use (Residential, Commercial, Industrial), and Regional Forecasts 2022-2032


Global Rooftop Solar PV market is valued at approximately USD 54.17 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 5.8% over the forecast period 2024-2032. Rooftop solar systems are roof-mounted electrical setups that convert solar energy into electricity, addressing a building's energy demands within an existing distribution network, which can either be on-grid or off-grid. These compact systems vary in size based on the structure's scale and are primarily installed on the rooftops of residential and commercial buildings. Government policies, such as net metering and community solar, have been pivotal in promoting the adoption of solar technology in countries like the U.S., Spain, and France. According to the Solar Energy Industries Association (SEIA), these laws enable consumers to utilize solar energy for their electricity needs and sell the excess power. Community solar initiatives, where local solar facilities are shared by multiple subscribers, further bolster this trend, offering credit on electricity bills for the power produced.

China's solar cell industry has seen remarkable growth, with a 14% increase in 2022 compared to 2021, as reported by the China Photovoltaic Industry Association. By the end of 2022, the installed PV capacity surpassed 390 gigawatts, a significant jump from 253 gigawatts in 2020. The high population and rapid industrialization in countries like China and India have surged the demand for electricity from renewable resources. Government initiatives and investments in smart city infrastructure are also playing a critical role in the rooftop solar PV market's significance in these regions. India's 2024 rooftop solar policies emphasize sustainable energy adoption and economic empowerment. The Interim Budget 2024-25 reflects the government's commitment to providing free electricity to one crore households through rooftop solar installations, allowing households to receive up to 300 units of free electricity monthly and sell surplus power back to distribution companies. The substantial budget allocation and initiatives like the National Portal for Rooftop Solar and the Residential Rooftop Solar Program are expected to drive market growth.

High installation costs and the need for regular maintenance of roof-mounted solar panels present challenges for industry expansion. Additionally, the significant capital expenditures associated with solar installations, when compared to other emerging renewable technologies, limit market growth. The cost of deploying glass for solar panels further adds to the overall expense, hindering the deployment of PV systems during the forecast period. Moreover, solar energy is collected for specific periods and stored in expensive, large batteries requiring regular replacement.

The Paris Agreement, signed in 2016, aims to enhance the parties' ability to adapt to climate change effects, mobilize sufficient finance, and drive countries to report on climate-friendly initiatives regularly. This has prompted both developed and developing countries to mobilize funds for environmental initiatives, thereby minimizing global carbon emissions. Tax incentives and green subsidies introduced by governments to boost solar energy utilization are expected to offer growth opportunities for the rooftop solar PV market during the forecast period.

The key regions considered for the global rooftop solar PV market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. The Asia-Pacific segment dominated the global rooftop solar PV market, with significant use of solar energy in standalone systems and rural electrification in India and China. Rapid urbanization and industrial expansion, coupled with substantial government investments in R&D and technological innovation, are expected to propel demand. China's Zhejiang-based China southeast space frame group and EVA, a back sheet manufacturer of the first PV, have established a joint venture to develop building-integrated PV projects, expected to deploy up to 950 MW of BIPV systems over the next five years. North America is anticipated to witness significant growth during the forecast period, driven by policies such as net metering and community solar projects. The U.S., the second-largest energy consumer after China, is enforcing stringent environmental regulations and encouraging photovoltaic energy use to reduce carbon footprints. In 2022 and 2023, solar energy experienced substantial growth in the U.S., with a projected 45% of electric capacity additions in 2022 coming from solar, totaling 17 GW, expected to rise to 56% in 2023, reaching 31 GW. The U.S. solar industry is set to expand by a record 32 GW in 2023, representing a 52% growth compared to the previous year.

Major market players included in this report are:

Trina Solar Co. Ltd.

Indosolar Ltd.

Jinko Solar Holding Co. Ltd.

Hanwha Q-cells

First Solar, Inc.

E-Ton Solar Tech Co., Ltd.

LONGi Group

SunPower Corporation

JA Solar Holdings Co. Ltd.

Canadian Solar Inc.

The detailed segments and sub-segment of the market are explained below:

By Deployment:
• Terrace Mounted
• Pole Mounted

By Technology:
• Thin Film
• Crystalline Silicon

By Grid Type:
• Off-Grid
• Grid Connected

By End-Use:
• Residential
• Commercial
• Industrial

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• ROE

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• RoAPAC

Latin America
• Brazil
• Mexico
• RoLA

Middle East & Africa
• Saudi Arabia
• South Africa
• RoMEA

Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.

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Chapter 1. Global Rooftop Solar PV market Executive Summary
1.1. Global Rooftop Solar PV market Size & Forecast (2022- 2032)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Deployment
1.3.2. By Technology
1.3.3. By Grid Type
1.3.4. By End-Use
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Rooftop Solar PV market Definition and Research Assumptions
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.3.1. Availability
2.3.3.2. Infrastructure
2.3.3.3. Regulatory Environment
2.3.3.4. Market Competition
2.3.3.5. Economic Viability (Consumer’s Perspective)
2.3.4. Demand Side Analysis
2.3.4.1. Regulatory frameworks
2.3.4.2. Technological Advancements
2.3.4.3. Environmental Considerations
2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates
Chapter 3. Global Rooftop Solar PV market Dynamics
3.1. Market Drivers
3.1.1. Government policies and incentives
3.1.2. Rising demand for renewable energy
3.1.3. Advancements in solar technology
3.2. Market Challenges
3.2.1. High installation and maintenance costs
3.2.2. Capital expenditure barriers
3.3. Market Opportunities
3.3.1. Development of smart cities
3.3.2. Increasing adoption of solar energy in developing nations
3.3.3. Technological innovations and R&D investments
Chapter 4. Global Rooftop Solar PV market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model
4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Rooftop Solar PV market Size & Forecasts by Deployment 2022-2032
5.1. Segment Dashboard
5.2. Global Rooftop Solar PV market: Deployment Revenue Trend Analysis, 2022 & 2032 (USD Billion)
5.2.1. Terrace Mounted
5.2.2. Pole Mounted
Chapter 6. Global Rooftop Solar PV market Size & Forecasts by Technology 2022-2032
6.1. Segment Dashboard
6.2. Global Rooftop Solar PV market: Technology Revenue Trend Analysis, 2022 & 2032 (USD Billion)
6.2.1. Thin Film
6.2.2. Crystalline Silicon
Chapter 7. Global Rooftop Solar PV market Size & Forecasts by Grid Type 2022-2032
7.1. Segment Dashboard
7.2. Global Rooftop Solar PV market: Grid Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
7.2.1. Off-Grid
7.2.2. Grid Connected
Chapter 8. Global Rooftop Solar PV market Size & Forecasts by End-Use 2022-2032
8.1. Segment Dashboard
8.2. Global Rooftop Solar PV market: End-Use Revenue Trend Analysis, 2022 & 2032 (USD Billion)
8.2.1. Residential
8.2.2. Commercial
8.2.3. Industrial
Chapter 9. Global Rooftop Solar PV market Size & Forecasts by Region 2022-2032
9.1. North America Rooftop Solar PV market
9.1.1. U.S. Rooftop Solar PV market
9.1.1.1. Deployment breakdown size & forecasts, 2022-2032
9.1.1.2. Technology breakdown size & forecasts, 2022-2032
9.1.1.3. Grid Type breakdown size & forecasts, 2022-2032
9.1.1.4. End-Use breakdown size & forecasts, 2022-2032
9.1.2. Canada Rooftop Solar PV market
9.2. Europe Rooftop Solar PV market
9.2.1. U.K. Rooftop Solar PV market
9.2.2. Germany Rooftop Solar PV market
9.2.3. France Rooftop Solar PV market
9.2.4. Spain Rooftop Solar PV market
9.2.5. Italy Rooftop Solar PV market
9.2.6. Rest of Europe Rooftop Solar PV market
9.3. Asia-Pacific Rooftop Solar PV market
9.3.1. China Rooftop Solar PV market
9.3.2. India Rooftop Solar PV market
9.3.3. Japan Rooftop Solar PV market
9.3.4. Australia Rooftop Solar PV market
9.3.5. South Korea Rooftop Solar PV market
9.3.6. Rest of Asia Pacific Rooftop Solar PV market
9.4. Latin America Rooftop Solar PV market
9.4.1. Brazil Rooftop Solar PV market
9.4.2. Mexico Rooftop Solar PV market
9.4.3. Rest of Latin America Rooftop Solar PV market
9.5. Middle East & Africa Rooftop Solar PV market
9.5.1. Saudi Arabia Rooftop Solar PV market
9.5.2. South Africa Rooftop Solar PV market
9.5.3. Rest of Middle East & Africa Rooftop Solar PV market
Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Company 1
10.1.2. Company 2
10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. Trina Solar Co. Ltd.
10.3.1.1. Key Information
10.3.1.2. Overview
10.3.1.3. Financial (Subject to Data Availability)
10.3.1.4. Product Summary
10.3.1.5. Market Strategies
10.3.2. Indosolar Ltd.
10.3.3. Jinko Solar Holding Co. Ltd.
10.3.4. Hanwha Q-cells
10.3.5. First Solar, Inc.
10.3.6. E-Ton Solar Tech Co., Ltd.
10.3.7. LONGi Group
10.3.8. SunPower Corporation
10.3.9. JA Solar Holdings Co. Ltd.
10.3.10. Canadian Solar Inc.
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
List of Tables
TABLE 1. Global Rooftop Solar PV market, report scope
TABLE 2. Global Rooftop Solar PV market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Rooftop Solar PV market estimates & forecasts by Deployment 2022-2032 (USD Billion)
TABLE 4. Global Rooftop Solar PV market estimates & forecasts by Technology 2022-2032 (USD Billion)
TABLE 5. Global Rooftop Solar PV market estimates & forecasts by Grid Type 2022-2032 (USD Billion)
TABLE 6. Global Rooftop Solar PV market estimates & forecasts by End-Use 2022-2032 (USD Billion)
TABLE 7. Global Rooftop Solar PV market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Rooftop Solar PV market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Rooftop Solar PV market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Rooftop Solar PV market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Rooftop Solar PV market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Rooftop Solar PV market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Rooftop Solar PV market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Rooftop Solar PV market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. U.S. Rooftop Solar PV market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. Rooftop Solar PV market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. U.S. Rooftop Solar PV market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. Canada Rooftop Solar PV market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. Canada Rooftop Solar PV market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. Canada Rooftop Solar PV market estimates & forecasts by segment 2022-2032 (USD Billion)
This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable.
List of Figures
FIGURE 1. Global Rooftop Solar PV market, research methodology
FIGURE 2. Global Rooftop Solar PV market, market estimation techniques
FIGURE 3. Global market size estimates & forecast methods.
FIGURE 4. Global Rooftop Solar PV market, key trends 2023
FIGURE 5. Global Rooftop Solar PV market, growth prospects 2022-2032
FIGURE 6. Global Rooftop Solar PV market, porters 5 force model
FIGURE 7. Global Rooftop Solar PV market, PESTEL analysis
FIGURE 8. Global Rooftop Solar PV market, value chain analysis
FIGURE 9. Global Rooftop Solar PV market by segment, 2022 & 2032 (USD Billion)
FIGURE 10. Global Rooftop Solar PV market by segment, 2022 & 2032 (USD Billion)
FIGURE 11. Global Rooftop Solar PV market by segment, 2022 & 2032 (USD Billion)
FIGURE 12. Global Rooftop Solar PV market by segment, 2022 & 2032 (USD Billion)
FIGURE 13. Global Rooftop Solar PV market by segment, 2022 & 2032 (USD Billion)
FIGURE 14. Global Rooftop Solar PV market, regional snapshot 2022 & 2032
FIGURE 15. North America Rooftop Solar PV market 2022 & 2032 (USD Billion)
FIGURE 16. Europe Rooftop Solar PV market 2022 & 2032 (USD Billion)
FIGURE 17. Asia pacific Rooftop Solar PV market 2022 & 2032 (USD Billion)
FIGURE 18. Latin America Rooftop Solar PV market 2022 & 2032 (USD Billion)
FIGURE 19. Middle East & Africa Rooftop Solar PV market 2022 & 2032 (USD Billion)
FIGURE 20. Global Rooftop Solar PV market, company market share analysis (2023)
This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable.

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