Sun rooftop pannel Market Scope
A rooftop solar power system is a photovoltaic (PV) system that has its electricity-generating solar panels mounted on the rooftop of a residential or commercial building or structure. Rooftop-mounted systems are small compared to the utility-scale solar ground-mounted photovoltaic power station with capacities in the megawatt range. Solar Panels produce carbon-free electricity when irradiated with sunlight. Often made of Silicon, solar panels are made of smaller solar cells which typically number 6 cells per panel. Multiple solar panels are strung together to make up a solar array. Solar panels are generally protected by tempered glass and secured with an aluminum frame. The front of a solar panel is very durable whereas the back of the panel is generally more vulnerable. Growing demand for sustainable, renewable, clean energy source this factor is driving the solar rooftop market. Solar rooftop panel depends on the weather this factor may restrain the Market In November 2022, First Solar to build USD 1 billion manufacturing plant in Alabama. The plant, to be located in Lauderdale County in the Tennessee Valley region, created more than 700 jobs
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|Key Companies Profiled||LONGi (China), Tongwei Solar (China), Tesla (United States), JA SOLAR Technology Co.,Ltd.(China), Qcells (South Korea), Shanghai Aiko Solar Energy Co.,Ltd.(China), HELIENE Inc. (Canada), Trina Solar (China), LG Solar (Canada), Jinko Solar (China) and Renesola (United States)|
Competition among existing players is due to the stiff market share occupied by leading players. The industry leader is engaged in offering innovative and superior-quality products to cater to the ever-growing demand for solar rooftop panels. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Sun rooftop pannel market throughout the predicted period.
LONGi (China), Tongwei Solar (China), Tesla (United States), JA SOLAR Technology Co.,Ltd.(China), Qcells (South Korea), Shanghai Aiko Solar Energy Co.,Ltd.(China), HELIENE Inc. (Canada), Trina Solar (China), LG Solar (Canada), Jinko Solar (China) and Renesola (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Canadian Solar (Canadian), Zhongli (China), The Solaria Corporation (United States), Wuxi Suntech Power Co., Ltd. (China), First Solar (United States) and MERLIN SOLAR TECHNOLOGIES, INC. (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Sun rooftop pannel market by Type , by Application (Solar electric power generation, Solar pumping, Solar distillation, Solar electric power generation, Solar cooking, Solar greenhouse, Solar water heating and Others) and Region with country level break-up.
On the basis of geography, the market of Sun rooftop pannel has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2021.
Market Leaders and their expansionary development strategiesIn November 2022, Complete Solar Merges with Solaria, Forming Complete Solaria, an Industry Leading Solar Company
In November 2022, First Solar to build USD 1 billion manufacturing plant in Alabama. The plant, to be located in Lauderdale County in the Tennessee Valley region, created more than 700 jobs
Influencing Trend:Increasing the adoption of rooftop solar panels usage is clearly on the rise
Market Growth Drivers:Growing demand for sustainable, renewable, clean energy source
Challenges:Rooftop PV solar operation and maintenance are of higher costs
Restraints:Solar rooftop panel depends on the weather
Opportunities:Increase in power prices charged by energy providers is driving up demand for solar photovoltaics
Key Target AudienceRooftop panel Manufacture & Suppliers, Government Regulatory, End Users and Others