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Solar Metal Roof Market: Introduction

  • Solar metal roofs help build integrated photovoltaic construction elements that replace conventional roofing and facade materials
  • Solar metal roof is primarily used in the building & construction industry. It is widely utilized in residential complexes and non-residential buildings such as hotels, office buildings, educational buildings, industrial warehouses, and storage buildings. Rise in number of government housing schemes and increase in urbanization are estimated to boost the solar metal roof market.

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Key Drivers of Global Solar Metal Roof Market

  • The roofing industry is projected to expand substantially in emerging economies during the forecast period due to rise in government support in the form of subsidies and tax benefits for construction activities. This is expected to boost the solar metal roof market in these countries.
  • Governments in developing and developed economies are encouraging citizens to replace their existing roofs with energy-efficient ones. This is anticipated to boost the demand for cool roofs. For instance, homeowners who have invested in energy-efficient roofing systems can avail tax credits. Tax credits include ENERGY STAR qualified metal roofs and other types of certified solar metal roof that reflect the rays of the sun to reduce roof temperatures and air conditioning costs. These factors are estimated to drive the solar metal roof market across the globe.

Industrial Application Segment to Witness Attractive Opportunities

  • Based on application, industrial was a highly attractive segment of the global solar metal roof market in 2019. Demand for environmentally-friendly products has been rising in the world since the last few years. Most commercial complexes such as educational buildings have started adopting the solar metal roof technology to lower their energy consumption. Over the last two years, innovations in the renewable energy sector have enabled the development of sustainable and customized coating solutions. This has boosted the global solar metal roof market.

Less Awareness among Consumers Likely to Hamper Market

  • Currently, solar metal roof is a green technology; however, it is not a new concept. In the 1980s, a research was conducted by the Departments of Energy in California and Tennessee to analyze ‘solar radiation control coatings’ on rooftops. It was found that energy costs decreased when these roofs were used.
  • Solar metal roof is an emerging technology used for temperature control of buildings. Solar metal roof prevents heat absorption by reflecting the sun’s heat and emitting its radiation back into the atmosphere. This results in comfortable and controlled indoor environment.
  • Low awareness about solar metal roof among customers is adversely affecting the market. However, new projects have been initiated by various governments to promote the use of solar metal roof. For instance, in 2017 and 2018, cities such as Ahmedabad and Hyderabad in India, initiated pilot cool roof programs. These programs included awareness campaigns, pilot initiatives targeting 3,000 roofs, and application of cool roof techniques in government buildings and schools.

Asia Pacific to Hold Major Share of Global Solar Metal Roof Market

  • In terms of value and volume, North America accounted for prominent share of the global solar metal roof market in 2019. North America is projected to be a highly lucrative region of the global solar metal roof market during the forecast period, due to increase in the usage of eco-friendly products in the region.
  • Asia Pacific is also anticipated to be an attractive region of the global market during the forecast period. This can be ascribed to the rise in investments to lower energy consumption by various governments in the region.
  • Middle East & Africa and Latin America held minimal share of the global market in 2019. These regions are estimated to maintain their market share by the end of the forecast period.

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Key Players in Global Solar Metal Roof Market

Various players operate in the global solar metal roof market. However, there is an increasing shift in dynamics toward market consolidation. This can be ascribed to new product developments by major companies operating in the U.S. and Europe in order to capitalize on untapped potential in Asia Pacific and Africa. Key players operating in the global solar metal roof market are:

  • Tata Power Solar Systems
  • SMA Solar Technology AG
  • Trina Solar
  • Yingli Green Energy Holding Company Limited
  • Canadian Solar Inc.
  • Jinko Solar
  • SolarWorld AG
  • SunPower Corporation
  • Shunfeng International Clean Energy Limited
  • Delta Energy Systems
  • JA Solar Holdings Co., Ltd.
  • ABB Ltd

Global Solar Metal Roof Market: Research Scope

Global Solar Metal Roof Market, by Capacity

  • >10 Kw
  • 11Kw-100 Kw
  • <100 Kw

Global Solar Metal Roof Market, by Connectivity

  • On-grid
  • Off-grid

Global Solar Metal Roof Market, by Application

  • Residential
  • Commercial
  • Industrial

Global Solar Metal Roof Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note:Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Solar Metal Roof Market