Global Residential Solar Systems Market 2024 by Company, Regions, Type and Application, Forecast to 2030

Global Residential Solar Systems Market 2024 by Company, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Residential Solar Systems market size was valued at USD 41130 million in 2023 and is forecast to a readjusted size of USD 63140 million by 2030 with a CAGR of 6.3% during review period.

Residential solar systems are solar energy systems designed for use in residential settings. These systems are typically installed on the roof of a house or other residential structure and convert solar radiation into electricity or hot water.



Residential solar systems include photovoltaic (PV) systems, solar hot water systems, and solar heating and cooling systems. PV systems consist of solar panels that convert solar radiation into electricity, which can be used to power household appliances, lights, and other electrical devices. Solar hot water systems use solar collectors to heat water for use in showering, laundry, and other household activities. Solar heating and cooling systems are designed to heat and cool residential buildings using solar energy.

China has implemented the Renewable Energy Law since 2006, in which Article 4 clearly states that, the State gives first priority to the exploration of renewable energy. Over the years, various departments of the Chinese government have successively issued a large number of policies, covering production, sales, taxation, subsidies and other aspects. After setting the carbon neutrality goal in 2021, from a national perspective, the upgrading of the energy structure is ever imperative, and therefore the optoelectronic industry has great potential. The European Commission released the Net-Zero Industry Act in 2023. This bill aims to stimulate local manufacturing in Europe, reduce import dependence on China, and ensure that at least 40% of the EU's clean energy demand can be met by 2030. The EU targets an installed solar capacity of 600 GW. Overall, the European market still has a lot of room for development. US 2022 release of the Inflation Reduction Act, which includes $369 billion for energy security and climate change investments. For the photovoltaic industry, the bill stimulates its development from multiple aspects such as corporate and individual tax credits, production subsidies, and loans throughout the industry chain, and revitalizes the domestic manufacturing industry in the United States. Japanese authorities plan to make solar panels mandatory for new residential buildings in Tokyo from 2025 onwards. It is estimated that by 2030, photovoltaic power generation will account for 14%-16% of Japan's total power generation, and the cumulative installed capacity of photovoltaic systems will be about 117.339 GW.

The Global Info Research report includes an overview of the development of the Residential Solar Systems industry chain, the market status of Online Sales (Sloped Roof Systems, Flat Roof Systems), Offline Sales (Sloped Roof Systems, Flat Roof Systems), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Residential Solar Systems.

Regionally, the report analyzes the Residential Solar Systems markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Residential Solar Systems market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Residential Solar Systems market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Residential Solar Systems industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the revenue generated, and market share of different by Type (e.g., Sloped Roof Systems, Flat Roof Systems).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Residential Solar Systems market.

Regional Analysis: The report involves examining the Residential Solar Systems market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Residential Solar Systems market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Residential Solar Systems:

Company Analysis: Report covers individual Residential Solar Systems players, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Residential Solar Systems This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Online Sales, Offline Sales).

Technology Analysis: Report covers specific technologies relevant to Residential Solar Systems. It assesses the current state, advancements, and potential future developments in Residential Solar Systems areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Residential Solar Systems market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Residential Solar Systems market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.

Market segment by Type
Sloped Roof Systems
Flat Roof Systems
Others

Market segment by Application
Online Sales
Offline Sales

Market segment by players, this report covers
Tesla
Solar Electric Supply, Inc.
Loom Solar
ZEN Energy
Q CELLS
LG
Solar Alternative
BC Hydro
SRP
Trina Solar

Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:

Chapter 1, to describe Residential Solar Systems product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top players of Residential Solar Systems, with revenue, gross margin and global market share of Residential Solar Systems from 2019 to 2024.

Chapter 3, the Residential Solar Systems competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.

Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2019 to 2030.

Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Residential Solar Systems market forecast, by regions, type and application, with consumption value, from 2025 to 2030.

Chapter 11, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 12, the key raw materials and key suppliers, and industry chain of Residential Solar Systems.

Chapter 13, to describe Residential Solar Systems research findings and conclusion.