The Solar Rooftop Market has experienced remarkable growth in recent years as an environmentally conscious world seeks sustainable energy solutions. This burgeoning sector involves the installation of photovoltaic panels on rooftops of residential, commercial, and industrial buildings, harnessing the power of the sun to generate clean and renewable electricity. With advancing technology, favorable government incentives, and an increasing emphasis on reducing carbon footprints, the solar rooftop market is poised for continued expansion and innovation.

The report “Global Solar Rooftop Market, By Capacity (Below 10 kW, 11 kW- 100kW, and Above 100 kW), By Connectivity (On Grid and Off Grid), By End User (Residential, Commercial, and Industrial), and Region - Global Forecast to 2029"

Key Highlights:

·         In February 2019, Tata Power Solar Systems Limited, India's largest solar energy company, and Tata Power's wholly-owned subsidiary has launched a complete residential rooftop solution in Hyderabad.

Analyst View:

The solar rooftop market as a promising sector with substantial growth potential. With decreasing solar panel costs, improving efficiency, and rising environmental concerns, this market is poised to become a mainstream energy solution. Government support and incentives for renewable energy adoption further bolster its outlook, making solar rooftop installations an attractive investment for businesses and homeowners alike.

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Key Market Insights from the report:

The global solar rooftop market accounted for US$ 69.4 billion in 2020 and is projected to register a moderate CAGR of 6.6 % over the forecast period. The market report has been segmented on the basis of capacity, connectivity, end user, and region.

·         By capacity, the global solar rooftop market is segmented into below 10 kW, 11 kW- 100kW, and above 100 kW.

·         By connectivity, the global solar rooftop market is segmented on grid and off grid type.

·         By end user, the global solar rooftop market is segmented into residential, commercial and industrial.

·         By region, the market in Asia Pacific is accounted major share in terms of revenue over the forecast period, owing to increased consumption of electricity, growing solar system installations, government initiatives and policies in this region.

The prominent player operating in the global solar rooftop market include SMA Solar Technology AG, Trina Solar limited, Yingli Green Energy Holding Company Limited, Canadian Solar Inc., Jinko Solar, SolarWorld AG, SunPower Corporation, Shunfeng International Clean Energy Limited., and Tata Power Solar Systems Limited.

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