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Published Date: 2015-10-06Number of Pages: 78

Rooftop Solar PV Market, by End-use (Residential and Commercial) - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023

This research study analyzes the market for rooftop solar PV systems market in terms of revenue (USD Million). The rooftop solar PV systems market has been segmented on the basis of end use type, and geography. The regional segment has been further divided by end use type, which are major applications of the rooftop solar PV market. For the research, 2014 has been taken as the base year, while all forecasts have been given for the period from 2015 to 2023. Market data for all the segments has been provided at the regional as well as country-specific level from 2015 to 2023. The report provides a broad competitive analysis of companies engaged in the rooftop solar PV systems business. The report also includes the key market dynamics such as drivers, restraints, and opportunities affecting the global rooftop solar PV market. These market dynamics were analyzed in detail and are illustrated in the report with the help of supporting graphs and tables. The report also provides a comprehensive industry analysis of the global rooftop solar PV market with the help of Porter’s Five Forces model. This analysis helps in understanding the five major forces that affect the market structure and profitability of the global rooftop solar PV market. The forces analyzed are bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and degree of competition. 

The high-level analysis in the report provides detailed insights into the rooftop solar PV systems business globally. There are currently numerous drivers of the market. One of the most prominent drivers is the support from government in terms of subsidies, and tax incentives offered for rooftop solar PV systems installations on industrial, residential, and commercial buildings. Market attractiveness analysis was carried out for the rooftop solar PV market on the basis of end use. Market attractiveness was estimated on the basis of common parameters that directly impact the market in different regions.  

The rooftop solar PV market was segmented on the basis of end use type (residential, and commercial). The configuration of rooftop solar PV systems consists of Solar PV panels, and balance of system (transformers, electricity systems, monitoring and mounting equipment along with structural for mounting and installing modules). The rooftop solar PV market was analyzed across four geographies: North America, Asia Pacific, Europe, and Rest of the World (Middle East, South America, and Africa). Regional data has been provided for each sub-segment of the rooftop solar PV market. Key players in the rooftop solar PV market include Trina Solar Limited, Yingli Green Energy Holding Company Limited, Jinko Solar Holdings, Co., Ltd., Canadian Solar Inc, JA Solar Holdings, Co., Ltd., and SolarWorld AG among other global players. The report provides an overview of these companies, followed by financial details, business strategies, and recent developments.

Rooftop Solar PV Market: By End Use Type

  • Residential
  • Commercial

Rooftop Solar PV Market: By Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World


Section 1 Preface

  • Report Description
  • Market Segmentation
  • Research Scope
  • Research Methodology

Section 2 Executive Summary

  • Executive Summary

Section 3 Industry Analysis

  • Introduction
  • Value Chain Analysis of Rooftop Solar PV Market
  • Market Dynamics
    • Driver 1 – High efficiency and falling energy payback time supported by government subsidies and tax credits
    • Driver 2 – Declining battery costs to boost adoption of rooftop solar and contribute to decreasing LCOE
    • Driver 3 – Rising adoption of distributed PV technology globally
    • Restraint 1 – Lack of robust smart grid infrastructure and net metering policies
    • Opportunity 1 – Emerging markets to drive the demand and generation of rooftop solar systems market
    • Opportunity 2 – Rise of YieldCos* in solar industry to drive the demand for rooftop solar systems
  • Porter’s Five Forces Analysis
  • Company Market Share- Rooftop Solar PV Systems Market (2014) (%)
  • Rooftop Solar PV Market - Attractiveness Analysis, 2014

Section 4 Global Rooftop Solar PV Market: Application Overview

  • End Use Market Value – Residential and Commercial
  • End Use - Residential
  • End Use – Commercial

Section 5 Global Rooftop Solar PV Market – Regional Overview

  • Rooftop Solar PV Market - North America 
  • Rooftop Solar PV – North America, By Volume, 2014 – 2023 (MW)
  • Rooftop Solar PV Market – North America, By Value, 2014 – 2023 (USD Million)
  • Rooftop Solar PV – Europe
  • Rooftop Solar PV – Europe, By Volume, 2014 – 2023 (MW)
  • Rooftop Solar PV Market – Europe, By Value, 2014 – 2023 (USD Million)
  • Rooftop Solar PV Market – Asia Pacific
  • Rooftop Solar PV Market – Asia Pacific, By Volume, 2014 – 2023 (MW)
  • Rooftop Solar PV Market – Asia Pacific, By Value, 2014 – 2023 (USD Million)
  • Rooftop Solar PV Market – Rest of the World (RoW)
  • Rooftop Solar PV Market – RoW, By Volume, 2014 – 2023 (MW)
  • Rooftop Solar PV Market – RoW, By Value, 2014 – 2023 (USD Million)

Section 6 Company Profiles

  • Trina Solar Limited
  • Yingli Green Energy Holding Company Limited
  • Canadian Solar Inc
  • Jinko Solar Holding Co., Ltd.
  • SolarWorld AG
  • SunPower Corporation
  • Shunfeng International Clean Energy Limited (SFCE)
  • Hanwha Q CELLS Co Ltd
  • JA Solar Holdings, Co., Ltd.
  • Vivint Solar, Inc.
  • SolarCity Corporation
  • Sungevity

Rooftop solar PV is a photovoltaic system, which comprises photovoltaic panels, transformers, electricity systems, and monitoring and mounting equipment along with mounting and installation modules. Photovoltaic panel mounts on the rooftops of commercial or residential structures used to capture the solar radiation for generating emission-free electricity. These panels are made up of silicon wafer and possess a capability of generating both off-grid and on-grid electricity. Solar panels are classified mainly into two types: monocrystalline and polycrystalline. Installation of rooftop solar PV systems mainly depends on insolation value in a particular area. These insolation values are impacted by time of the year, latitude, weather conditions, roof slope, roof aspect, shading from adjacent buildings, and vegetation. 
The average life expectancy of a traditional rooftop solar PV system is 30 years. Flexibility with the off-grid and on-grid has increased the popularity of rooftop solar PV systems across the globe. Rooftop solar PV systems on account of their flexible nature and availability through leasing schemes are experiencing a surge in popularity. These systems have a very high market potential in countries which lack grid infrastructure. Many solar resource-rich nations in Africa and South and Latin America provide vast potential for rooftop solar PVs. Currently, many countries such as India, China, and the U.S. are exploring various clean energy techniques for generation of electricity which spurs the demand for rooftop solar PV systems. These countries also offer several subsidies coupled with tax credits schemes to encourage the demand for such systems. As a result, the rooftop solar PV market is attracting huge investments from equity investors and public investors through funding and IPOs. The market for rooftop solar PV systems has been further boosted with the reduction of energy payback time in the last few years.

The segmentation of the rooftop solar PV market is done on the basis of volume capacity (MW) and revenue (US$ Mn). The market has been further segmented on the basis of end-use and geography. End-use segmentation comprises residential and commercial buildings. The residential segment held the largest share of 61.2% of the rooftop solar PV market in 2014. Residential market for rooftop solar PVs is primarily driven by financial leasing, third-party model, tax incentives, and net metering. Moreover, commercial rooftop solar projects for government buildings are also propelling rooftop solar PV installations.

In terms of geography, the rooftop solar PV market has been segmented into four regions: North America, Asia Pacific, Europe, and Rest of the World. North America held the largest market for rooftop solar PV, accounting for 39% of the global market in 2014. In the U.S., California is leading in rooftop solar PV installations. The Government of U.S. is offering several tax credits and incentives in order to promote the installation of rooftop solar PV systems. Europe was the second-largest market for rooftop solar PV installations in 2014. Germany with its well-structured solar policies and large funding for market development was the leading player in Europe in 2014.

Asia Pacific with its countries such as China and Japan was the third-largest market for rooftop solar PV, in terms of market share, in 2014.The market in Rest of the World is expected to witness significant growth in the near future, with increase in commercial projects across South Africa, Chile, and Brazil. Key players in the global rooftop solar PV Market include Trina Solar Limited, Yingli Green Energy Holding Company Limited, Canadian Solar Inc, Jinko Solar Holding Co., Ltd., SolarWorld AG, SunPower Corporation, Shunfeng International Clean Energy Limited (SFCE), Hanwha Q CELLS Co Ltd, JA Solar Holdings, Co., Ltd., Vivint Solar, Inc., SolarCity Corporation and Sungevity.

 

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