Asia-Pacific Rooftop Solar Panel Market is anticipated to grow at a CAGR of around 8.4% during the forecast period. The growth of the market is attributing 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. Further increasing concern regarding environment, decreasing solar panel prices in emerging countries. Additionally, fluctuation in crude oil prices also contributing to the growth of the market along with rising awareness among people regarding the co-effective renewable sources of energy. Other factors such as increasing government subsidies, initiatives, and schemes for rooftop solar panels.
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Asia-Pacific rooftop solar panel market is segmented based on type, and end-user. Based on the type the market is segmented into monocrystalline silicon, polycrystalline silicon, thin-film, and others. Further based on end-user the market is segmented into corporate, and household.
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Asia-Pacific rooftop solar panel Market is segregated geographically into China, India, Japan, and the Rest of Asia-Pacific. China projected to contribute the highest share in the Asia-Pacific solar panel market during the forecast period followed by Japan. The market is driven due to factors including increasing demand for solar energy and mass manufacturing units of solar panels. Many key players are also investing in Asia-Pacific due to factors such as high solar radiation and affordable labour. The green energy trend is also influencing the growth of the market in the region. Additionally, increasing government support and increasing awareness regarding the advantages of solar panels is also propelling the growth of the market. India is one of the countries where the growth of the market is boosted by factors such as decreasing prices of solar cells, increasing consumer tariffs, and rising government initiatives in the region. For instance, the government of India has set a ‘rooftop solar program ‘for providing uninterrupted power to commercial, industrial end-user by the end of 2022.
Asia-Pacific Rooftop Solar Panel Market – Segmentation
by Type
Monocrystalline Silicon
Polycrystalline Silicon
Thin-Film
Amorphous Silicon (A-Si)
Cadmium Telluride (Cdte)
Others
Others (concentrated solar power)
by End user
Corporate
Household
Asia-Pacific Rooftop Solar Panel Market – Segmentation by Region
China
Japan
India
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.
Risen Energy Co Ltd.
Sharp Corp.
Sunpower Corp.
SunEdison, Inc.
Tata Power Solar Systems Ltd.
Trina SolarCo., Ltd.
Yingli Green Energy Holding Co., Ltd.
Zhongli Talesun Solar Co.,Ltd.
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