Sunroof market The report is an important source of insightful data for business strategists. It provides an overview of industry growth and historical and futuristic cost, revenue, demand and supply data (as applicable). Research analysts provide an elaborate description of the value chain and its distributor analysis. This market research provides comprehensive data that improves the understanding, scope and application of this report.
The size of the global solar roof market is expected to reach a CAGR of 25% during 2021-2027.
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Market Review:
- The industrial sector is expected to dominate the market during the forecast period, due to factors like very high tariffs for electricity from central grids.
- Commercial and industrial sectors are showing a growing interest in distributed solar power generation due to various economic benefits and a constant energy source for eliminating downtime and equipment damage due to voltage fluctuations in conventional power grids. This created a huge opportunity to be used on the roof in the country.
- The gradual shift from energy production from conventional sources like coal and natural gas to clean energy is expected to help increase the country’s rooftop solar market.
Leading leading companies:
Hanwha Q CELLS, Neo Solar Power, Motech, Kyocera Solar, Gintech Energy, SolarWorld, SunPower, REC Group, Sharp, E-Ton Solar Tech, Trina Solar, Yingli, JA Solar, Canadian Solar, Jinko Solar, China Sunergy, Hareonsolar, Eging PV, TongWei Solar, Tesla
Recent development:
- Tesla has acquired 6 companies, of which 5 in the last 5 years. A total of 2 acquisitions came from private capital companies. Tesla’s biggest acquisition to date was in 2016 when it acquired SolarCity for $ 2.6 billion. Tesla has acquired in 3 different states in the US and in 2 countries. The company’s most focused sectors include machinery (34%) and renewable energy (17%). Tesla plans to manufacture and sell electric cars, batteries and equipment and solar-related systems for consumers, businesses and municipalities. Tesla was founded in 2003 and is based in Palo Alto, California.
- Hanwha SolarOne Co., Ltd. (“The Company”, or “Hanwha SolarOne”), a leading global photovoltaic manufacturer of high quality solar modules at competitive prices, announced today that it has acquired 100% of the outstanding share capital of Hanwha Q CELLS Investment Co., Ltd (“Q CELLS”) From Hanwha Solar Holdings Co., Ltd. (“HSH”) in the transaction of all shares. The transaction was approved by the shareholders at the extraordinary general meeting of Hanwha SolarOne held on February 4, 2015, and was completed today, February 6, 2015. Hanwha SolarOne issued approximately 3.7 billion of its ordinary shares (equivalent to approximately 740.2 million Americans). Shares of Hanwha SolarOne) to HSH,
Segmentation of the solar roof market by type:
- Crystalline silicone
- Compound type
- others
Segmentation of solar roofs market by application:
- residence
- commercial
- Ground station
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Asia Pacific dominates the market:
The Asia-Pacific region dominates the global solar rooftop market. Continuous growth in the manufacturing, trade and services sectors is a key driving force that requires a high amount of electricity for their operations. Besides, government initiatives to promote the use of renewable energy cause the end user to opt for renewable energy, such as solar energy. All of these factors will contribute to the growth of the solar roof market in this area. Moreover, rapid urbanization and industrialization, along with rapid economic growth, are fostering the size of the solar rooftop market. It is estimated that the region will continue to lead throughout the forecast period, until high sales. The growing demand for clean energy is one of the main motives for the rooftop solar solar market in the country.
Regional solar rooftop market (regional output, demand and forecast by countries)
- North America (United States, Canada, Mexico)
- South America (Brazil, Argentina, Ecuador, Chile)
- Asia Pacific (China, Japan, India, Korea)
- Europe (Germany, UK, France, Italy)
- Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and more.
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Highlights in the solar roof market report:
- Detailed overview of the solar roof market
- Changing the dynamics of the industry’s solar roof market
- In-depth market segmentation by type, application, etc.
- The size of a historic, current and predicted solar roof market in terms of volume and value
- Recent trends and developments in the industry
- Competitive view of the solar roof market
- Key player strategies and product offerings
- Potential segments / areas and niche show promising growth.
The study includes historical data from 2016 to 2021 and forecasts up to 2027, making the report a valuable resource for industry, marketing, sales and product managers, consultants, analysts and stakeholders looking for industry key data in accessible documents with clear presentation of tables and graphs.
Finally, the solar roof market report is the trusted source for obtaining market research that will exponentially accelerate your business. The report gives the main place, economic situations with item value, benefit, limitation, production, supply, demand and rate of market development, and so on. The solar roof industry report also presents a new task SWOT test, a hypothesis investigation and an enterprise return investigation.
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– Free country level analysis for all 5 countries of your choice.
– Free competitive analysis of all 5 key players in the market.
40 hours free analyst to cover any other data point.
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