Asia-Pacific rooftop solar panel market is anticipated to grow at a CAGR of around 8.4% during the forecast period (2021-2027). Increasing awareness about environmental concerns such as carbon emissions, global warming, and air pollution due to the extensive use of fossil fuels to generate energy at various verticals is one of the major factors that contribute to the market growth. A growing trend towards green energy resources has also influenced the growth within the region at an extensive level. Partnerships with other countries have also played a vital role in the growing installations within the region.
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Moreover, the market players in the region significantly contributing to the growth of the market by providing advanced solar panels in the region. For instance, in June 2022, Canadian Solar Inc announced that it will be launching its Next-generation PV modules to celebrate Canada Day. This launch will be marking a breakthrough in module efficiency that will be boosting solar energy to achieve a lower Levelized cost of electricity. Further, in January 2021, JA Solar announced that it supplies all PV modules and desires to complete the 88MW project in Guam. The investment is done in Korea and is constructed by Korea electric power and this project will be the largest single PV plant in Guam. With JA solar high-quality products, good reputation, and efficient electric transmission and distribution, Korea electric power has established a good cooperative relationship.
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Asia-Pacific Rooftop Solar Panel Market Report Segment
By Type
- Monocrystalline Silicon
- Polycrystalline Silicon
- Thin-Film
o Amorphous Silicon (A-Si)
o Cadmium Telluride (Cdte)
o Others
- Others
By End-user
- Corporate
- Household
Asia-Pacific Rooftop Solar Panel Market Report Segment by Geography
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Company Profiles
- Canadian Solar Inc.
- China Sunergy Co., Ltd.
- DelSolar Co., Ltd.
- Evergreen Solar
- First Solar Inc.
- Hanwha Group
- Jinkosolar Holding Co., Ltd.
- Kyocera Corp.
- Renesola Zhejiang, Ltd.
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