Germany rooftop solar panel market is estimated to grow considerably at a CAGR of around 6.4% during the forecast period. Germany has a considerable market share in the global rooftop solar panel market, due to increasing environmental issues and a rise in the adoption of solar panel technology for an eco-friendly environment. A decline in spot-prices may raise the electricity prices for retail customers, as the spread of guaranteed feed-in tariff and spot-price increases, and in addition, the combined share of fluctuating wind and solar energy is approaching 17% on the national electricity mix. This is one of the key driving factors for the growth of the rooftop solar panel market in the coming years.
According to the Solar Trade Organization, after the implementation of tariffs the solar power generation in Germany increased by 255%. This is expected to increase the adoption of solar power for domestic and commercial purposes, thereby creating opportunities for the growth of the market over the forecast period. Furthermore, in terms of share occupied, Germany is leading the European market followed by Italy and the UK. In terms of installations, Germany witnessed a total installation of 42,394 MW in 2017. It witnessed a growth of 4.1% as compared to 2016. As the overall market augments, it is expected to create opportunities for the growth of the market in the future.
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The rooftop solar panel market is segmented on the basis of solar panel types and end-user. Based on solar panel types, the market is segmented into monocrystalline silicon rooftop solar panel, polycrystalline silicon rooftop solar panel, thin-film rooftop solar panel, and others. Among these, the polycrystalline silicon rooftop solar panel contributes a significant share in the market, attributed to its advantages over other solar panels such as cost-effective and better efficiency. Based on end-user, the market is segmented into the household sector and the corporate sector. The corporate sector held a substantial share in the market in 2018. This is due to the high installation of rooftop solar panels in the corporate sector consisting of government projects and industrial general electricity applications.
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Germany Rooftop Solar Panel Market Segmentation
By Type
- Monocrystalline Solar Panel
- Polycrystalline Solar Panel
- Thin-Film Crystalline Solar Panel
- Amorphous Silicon (a-Si)
- Cadmium Telluride (CdTe)
- Copper Indium Gallium Selenide (CIS/CIGS)
- Other Solar Panels
By End-User
- Household Sector
- Corporate Sector
Company Profiles
- AE Solar GmbH
- aleo (SAS Group)
- Canadian Solar, Inc.
- centrotherm international AG
- IBC Solar AG
- Juwi Holding AG
- meeco AG
- Risen Energy Co., Ltd.
- SCHOTT AG
- Yingli Green Energy Holding Co., Ltd.
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