Solar Roofing Market Analysis By Type(Thin Film, Crystalline), By Grid Type(On-Grid, Off-Grid), By Installation Type(Residential, Commercial, Utility-scale) & Forecast 2024-2035
- PUBLISHED ON
- 9/22/2022
- NO OF PAGES
- 232
- CATEGORY
- Energy & Power
The global solar roofing market size was valued at US$ 62.3 Billion in 2021, and anticipated to grow at a CAGR of 16.2% over the forecast period. A type of roof-mounted electrical system that turns solar energy into electricity is called solar roofing. A distributed power-generating system, such as solar roofing, can help meet the energy needs of a structure while operating either on- or off-grid within an existing distribution network. The scale of the structure determines the installation's size, which might vary substantially. Compact solar roofing systems are installed on the rooftops of both residential and commercial buildings.
according to the Solar Energy Industries Association (SEIA), to encourage the use of solar technology to generate electricity, The United States government has implemented laws including net metering and community solar. Consumers can use solar energy for their personal electrical needs in nations like the United States, Spain, and France and sell the excess solar energy that is not used. Additionally, community solar refers to regional solar facilities used by a number of community subscribers, each of whom receives a credit on their electricity bills for the power produced on a shared basis.
It is anticipated that the market growth over the forecast period will be supported by the shift towards green practises and approaches with the aim of moving toward more environmentally friendly and ecologically responsible decisions and lifestyles, as well as increased focus on initiatives to preserve and promote a healthy environment for current and future populations.
Furthermore, favourable government policies, schemes, and initiatives are also expected to advance the market growth over the projected period. For instance, Rooftop Subsidy and Golden Sun Demonstration (GSD) programmes were introduced by the Indian government. Large grid-connected rooftops with a type >300 kW have received 50% of the funding under GSD in the form of subsidies, and off-grid systems have received 70% of the funding.
Industry growth is being hampered by high installation costs and the requirement for roof-mounted solar panel maintenance. Additionally, despite the fact that solar technology is a great option for many end-use applications, the market's potential is constrained by the high capital costs associated with solar installations when compared to other developing renewable technologies.
Type Insights
On the basis of type, crystalline segment dominated major market share in 2021. Crystalline Silicon type solar cell is one of the most commonly used semiconductor materials in photovoltaic (PV) technology to produce solar cells and is made of highly pure silicon wafers that are used to convert solar energy into electrical energy. In comparison to competing technologies like amorphous silicon and non-silicon solar cells, crystalline silicon solar cells are very efficient.
Grid Type Insights
Based on the grid type, on-grid segment accounted for the largest market share during the forecast period. On-grid refers to a solar system that is linked to the power grid of a nearby utility. The majority of residential households are expected to use this because it safeguards consumers in the event that their solar system under- or over-produces in relation to their variable energy needs. In comparison to an off-grid system, the on-grid solar system is less expensive to install and does not require batteries. It is less expensive in compared to other solar systems.
Installation Type Insights
In terms of installation type, utility-scale segment leads the global solar roofing market. Utility scale is an electrical plant or equipment whose operation, taken individually, would considerably change the operation of a utility. With a long history of stable fuel prices, it produces dependable, clean electricity. The development of solar power facilities aims to balance environmental protection, energy needs, and global warming goals. The need for the industrial use of solar panels has increased as a result of the world's growing industrialisation and diminishing fossil fuel resources.
Regional Insights
In terms of region, North America dominated the global market share in 2021. To promote the use of solar technology, the US government has enacted regulations like net metering and undertaken community solar projects. Such initiatives are projected to advance the market growth in the region.
Furthermore, Solar energy is widely employed in Asia and the Pacific region to generate electricity for stand-alone systems and rural electrification. Due to their enormous populations and high energy needs, China and India are major players in this region. A rapidly growing industry in India's renewable energy sector is solar power. Due to India's expanding investments in clean energy and initiatives to make buildings more energy-efficient, which account for more than one-third of the nation's overall energy consumption, there is a greater need for flexible solar panels.
China Southeast Space Frame Group, a producer of large-scale steel structures based in Zhejiang, and EVA, a producer of the first PV's back sheet, have joined forces to create building integrated PV projects all across China. Over the next five years, this joint venture plans to install BIPV systems with a maximum capacity of 950 MW. During the projection period, the aforementioned factors will continue to fuel the market growth in the region.
Key Companies Insights
Some of the major companies studied under the market scope are as follows: Hanwha Group, Trina Solar, LONGi, JA SOLAR Technology Co.,Ltd, SunPower Corporation, Indosolar, Canadian Solar, Jinko Solar, CleanMax Enviro Energy Solutions Pvt. Ltd, Thermax, and Others. Major players operating in the ecosystem experiences intense competition owing to the presence of large number of players on the global scale. Further, players are adopting various strategies such as merger and acquisition, geographic expansion, product launch, research & development for expanding their product portfolio, and others.
In 2022, The innovative Timberline Solar roof was introduced to Austin area residents by GAF Energy, a subsidiary of Standard Industries and the leading provider of solar roofing. The only solution that combines solar technology directly with conventional roofing methods and materials is Timberline Solar. This revolutionary system includes the first nailable solar shingle in the world, the Timberline Solar Energy Shingle ES, which is made in the United States at GAF Energy's production and research facility.
Segments
By Type
· Thin Film
· Crystalline
· Others
By Grid Type
· On-Grid
· Off-Grid
By Installation Type
· Residential
· Commercial
· Utility-scale
By Geography
· North America
o U.S.
o Canada
o Mexico
· Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
· Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
· Latin America
o Brazil
o Argentina
o Colombia
· MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt
Global Solar Roofing Market: Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.
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Historic Year: 2016-2022
Forecast: 2024-2035
1 Solar Roofing Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Solar Roofing
1.3 Solar Roofing Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Solar Roofing
1.4.2 Applications of Solar Roofing
1.5 Market Exchange Rate
2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source
3 Market Competition Analysis
3.1 RelyOn Solar Market Performance Analysis
3.1.1 RelyOn Solar Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 RelyOn Solar Sales, Value, Price, Gross Margin 2016-2021
3.2 Fourth Partner Energy Market Performance Analysis
3.2.1 Fourth Partner Energy Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 Fourth Partner Energy Sales, Value, Price, Gross Margin 2016-2021
3.3 Jaksons Engineers Market Performance Analysis
3.3.1 Jaksons Engineers Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Jaksons Engineers Sales, Value, Price, Gross Margin 2016-2021
3.4 Atlantis Energy Systems Market Performance Analysis
3.4.1 Atlantis Energy Systems Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 Atlantis Energy Systems Sales, Value, Price, Gross Margin 2016-2021
3.5 SunTegra Solar Roof Systems Market Performance Analysis
3.5.1 SunTegra Solar Roof Systems Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 SunTegra Solar Roof Systems Sales, Value, Price, Gross Margin 2016-2021
3.6 KEC International Market Performance Analysis
3.6.1 KEC International Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 KEC International Sales, Value, Price, Gross Margin 2016-2021
3.7 SOLON India Market Performance Analysis
3.7.1 SOLON India Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 SOLON India Sales, Value, Price, Gross Margin 2016-2021
3.8 Hero Future Energies Market Performance Analysis
3.8.1 Hero Future Energies Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 Hero Future Energies Sales, Value, Price, Gross Margin 2016-2021
3.9 Thermax Market Performance Analysis
3.9.1 Thermax Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 Thermax Sales, Value, Price, Gross Margin 2016-2021
3.10 CleanMax Solar Market Performance Analysis
3.10.1 CleanMax Solar Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 CleanMax Solar Sales, Value, Price, Gross Margin 2016-2021
3.11 Tata Power Solar Systems Market Performance Analysis
3.11.1 Tata Power Solar Systems Basic Information
3.11.2 Product and Service Analysis
3.11.3 Strategies for Company to Deal with the Impact of COVID-19
3.11.4 Tata Power Solar Systems Sales, Value, Price, Gross Margin 2016-2021
4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Solar Roofing Production and Value by Type
4.1.1 Global Solar Roofing Production by Type 2016-2021
4.1.2 Global Solar Roofing Market Value by Type 2016-2021
4.2 Global Solar Roofing Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 On-Grid Type Market Production, Value and Growth Rate
4.2.2 Off- Grid Type Market Production, Value and Growth Rate
4.2.3 Hybrid Market Production, Value and Growth Rate
4.2.4 Grid-interactive Market Production, Value and Growth Rate
4.3 Global Solar Roofing Production and Value Forecast by Type
4.3.1 Global Solar Roofing Production Forecast by Type 2021-2026
4.3.2 Global Solar Roofing Market Value Forecast by Type 2021-2026
4.4 Global Solar Roofing Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 On-Grid Type Market Production, Value and Growth Rate Forecast
4.4.2 Off- Grid Type Market Production, Value and Growth Rate Forecast
4.4.3 Hybrid Market Production, Value and Growth Rate Forecast
4.4.4 Grid-interactive Market Production, Value and Growth Rate Forecast
5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Solar Roofing Consumption and Value by Application
5.1.1 Global Solar Roofing Consumption by Application 2016-2021
5.1.2 Global Solar Roofing Market Value by Application 2016-2021
5.2 Global Solar Roofing Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Commercial Market Consumption, Value and Growth Rate
5.2.2 Industrial Market Consumption, Value and Growth Rate
5.2.3 Residential Market Consumption, Value and Growth Rate
5.2.4 Energy Consumers Market Consumption, Value and Growth Rate
5.3 Global Solar Roofing Consumption and Value Forecast by Application
5.3.1 Global Solar Roofing Consumption Forecast by Application 2021-2026
5.3.2 Global Solar Roofing Market Value Forecast by Application 2021-2026
5.4 Global Solar Roofing Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 Commercial Market Consumption, Value and Growth Rate Forecast
5.4.2 Industrial Market Consumption, Value and Growth Rate Forecast
5.4.3 Residential Market Consumption, Value and Growth Rate Forecast
5.4.4 Energy Consumers Market Consumption, Value and Growth Rate Forecast
6 Global Solar Roofing by Region, Historical Data and Market Forecasts
6.1 Global Solar Roofing Sales by Region 2016-2021
6.2 Global Solar Roofing Market Value by Region 2016-2021
6.3 Global Solar Roofing Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Solar Roofing Sales Forecast by Region 2021-2026
6.5 Global Solar Roofing Market Value Forecast by Region 2021-2026
6.6 Global Solar Roofing Market Sales, Value and Growth Rate Forecast by Region 2021-2026
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa
7 United State Market Size Analysis 2016-2026
7.1 United State Solar Roofing Value and Market Growth 2016-2021
7.2 United State Solar Roofing Sales and Market Growth 2016-2021
7.3 United State Solar Roofing Market Value Forecast 2021-2026
8 Canada Market Size Analysis 2016-2026
8.1 Canada Solar Roofing Value and Market Growth 2016-2021
8.2 Canada Solar Roofing Sales and Market Growth 2016-2021
8.3 Canada Solar Roofing Market Value Forecast 2021-2026
9 Germany Market Size Analysis 2016-2026
9.1 Germany Solar Roofing Value and Market Growth 2016-2021
9.2 Germany Solar Roofing Sales and Market Growth 2016-2021
9.3 Germany Solar Roofing Market Value Forecast 2021-2026
10 UK Market Size Analysis 2016-2026
10.1 UK Solar Roofing Value and Market Growth 2016-2021
10.2 UK Solar Roofing Sales and Market Growth 2016-2021
10.3 UK Solar Roofing Market Value Forecast 2021-2026
11 France Market Size Analysis 2016-2026
11.1 France Solar Roofing Value and Market Growth 2016-2021
11.2 France Solar Roofing Sales and Market Growth 2016-2021
11.3 France Solar Roofing Market Value Forecast 2021-2026
12 Italy Market Size Analysis 2016-2026
12.1 Italy Solar Roofing Value and Market Growth 2016-2021
12.2 Italy Solar Roofing Sales and Market Growth 2016-2021
12.3 Italy Solar Roofing Market Value Forecast 2021-2026
13 Spain Market Size Analysis 2016-2026
13.1 Spain Solar Roofing Value and Market Growth 2016-2021
13.2 Spain Solar Roofing Sales and Market Growth 2016-2021
13.3 Spain Solar Roofing Market Value Forecast 2021-2026
14 Russia Market Size Analysis 2016-2026
14.1 Russia Solar Roofing Value and Market Growth 2016-2021
14.2 Russia Solar Roofing Sales and Market Growth 2016-2021
14.3 Russia Solar Roofing Market Value Forecast 2021-2026
15 China Market Size Analysis 2016-2026
15.1 China Solar Roofing Value and Market Growth 2016-2021
15.2 China Solar Roofing Sales and Market Growth 2016-2021
15.3 China Solar Roofing Market Value Forecast 2021-2026
16 Japan Market Size Analysis 2016-2026
16.1 Japan Solar Roofing Value and Market Growth 2016-2021
16.2 Japan Solar Roofing Sales and Market Growth 2016-2021
16.3 Japan Solar Roofing Market Value Forecast 2021-2026
17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Solar Roofing Value and Market Growth 2016-2021
17.2 South Korea Solar Roofing Sales and Market Growth 2016-2021
17.3 South Korea Solar Roofing Market Value Forecast 2021-2026
18 Australia Market Size Analysis 2016-2026
18.1 Australia Solar Roofing Value and Market Growth 2016-2021
18.2 Australia Solar Roofing Sales and Market Growth 2016-2021
18.3 Australia Solar Roofing Market Value Forecast 2021-2026
19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Solar Roofing Value and Market Growth 2016-2021
19.2 Thailand Solar Roofing Sales and Market Growth 2016-2021
19.3 Thailand Solar Roofing Market Value Forecast 2021-2026
20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Solar Roofing Value and Market Growth 2016-2021
20.2 Brazil Solar Roofing Sales and Market Growth 2016-2021
20.3 Brazil Solar Roofing Market Value Forecast 2021-2026
21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Solar Roofing Value and Market Growth 2016-2021
21.2 Argentina Solar Roofing Sales and Market Growth 2016-2021
21.3 Argentina Solar Roofing Market Value Forecast 2021-2026
22 Chile Market Size Analysis 2016-2026
22.1 Chile Solar Roofing Value and Market Growth 2016-2021
22.2 Chile Solar Roofing Sales and Market Growth 2016-2021
22.3 Chile Solar Roofing Market Value Forecast 2021-2026
23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Solar Roofing Value and Market Growth 2016-2021
23.2 South Africa Solar Roofing Sales and Market Growth 2016-2021
23.3 South Africa Solar Roofing Market Value Forecast 2021-2026
24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Solar Roofing Value and Market Growth 2016-2021
24.2 Egypt Solar Roofing Sales and Market Growth 2016-2021
24.3 Egypt Solar Roofing Market Value Forecast 2021-2026
25 UAE Market Size Analysis 2016-2026
25.1 UAE Solar Roofing Value and Market Growth 2016-2021
25.2 UAE Solar Roofing Sales and Market Growth 2016-2021
25.3 UAE Solar Roofing Market Value Forecast 2021-2026
26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Solar Roofing Value and Market Growth 2016-2021
26.2 Saudi Arabia Solar Roofing Sales and Market Growth 2016-2021
26.3 Saudi Arabia Solar Roofing Market Value Forecast 2021-2026
27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market
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