The Asia-Pacific rooftop solar panel market is estimated to grow at a considerable CAGR of 8.4% during the forecast period. The growth of the Asia-Pacific rooftop solar panel market is attributed to factors including increasing demand for green energy, as green energy is supported by various governments to promote nonhazardous sources of energy and provide electricity facilities to rural and remote areas. The increasing environmental concern and reduction in the price of rooftop solar panels are also driving the growth of rooftop solar panels in the Asia-Pacific region. Low operating costs, significant changes in laws, maintenance costs, and awareness among people boost the growth of APAC rooftop solar panels during the forecast period. For instance, in 2022, to finance solar power projects State Bank of India (SBI) launched a centralized processing cell – Surya Shakti Cell in collaboration with Tata Power Solar Systems. The Surya Shakti Cell will process all the loan applications for Solar Projects (capacity up to 1 MW) sourced from across India, for installation by business entities as well as households.
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European solar panel market can be segregated geographically into UK, Germany, France, Spain, Italy, Eastern Europe and Rest of Europe. According to OMR Analysis for Solar Power 2016-2022, Germany and Turkey are projected to contribute highest in European Solar markets in 2020 followed by France, the UK and Italy which dominated regional solar sector in 2015 will follow Germany and Turkey in terms of solar energy. Until 2012, Germany’s solar panel market growth was primarily driven by commercial systems and to a lesser extent, industrial and utility-scale segments. But after moving towards the self-consumption with feed-in premium, the German market has been based generally on residential rooftop systems. A new tender scheme related to the ground-mounted installations above 1MW is expected to contribute towards the growth of the Germany market.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Asia-Pacific Rooftop Solar Panel Market by Panel Type
- Monocrystalline
- Polycrystalline
- Thin-Film
- Amorphous Silicon (A-SI)
- Cadmium Telluride (CDTE)
- Others
- Others (Concentrated Solar Power)
Asia-Pacific Rooftop Solar Panel Market by End-User
- Residential Sector
- Commercial Sector
Regional Analysis
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
Company Profiles
- Canadian Solar Inc.
- Csun Solar Tech
- DelSolar Co., Ltd.
- Desert Technologies
- Evergreen Power Solution Inc.
- First Solar, Inc.
- Hanwha Corp.
- JinkoRooftop Solar Holding Co., Ltd.
- Juwi Holding AG
- KYOCERA Corp.
- Motech Industries Inc.
- Renesola Zhejiang Ltd.
- RISEN ENERGY CO., LTD.
- SoloPower Systems, Inc.
- SunEdison Inc.
- SunPower Corp.
- Wuxi Suntech Power Co., Ltd.
- Trina Rooftop Solar Ltd.
- Yingli Green Energy Holding Co. Ltd.
- Zhongli Talesun Rooftop Solar Co., Ltd.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the Asia-Pacific rooftop solar panel market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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