New York, NY, June 18, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled "Rooftop Solar Photovoltaic Market by Technology (Thin Film and Crystalline Silicon), by Grid Type (Off-Grid and Grid Connected), and by End-Use (Residential and Non-Residential): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global rooftop solar photovoltaic market was USD 33.1 billion in 2018 and is expected to reach USD 77.4 billion by 2025, at a CAGR of 11.2% between 2019 and 2025.
The rooftop solar photovoltaic systems are electrical systems that convert solar energy into electrical energy. These rooftop solar photovoltaic systems are used as renewable energy or green energy source for residential and non-residential applications. Rapid urbanization and improving living standards of people will increase the demand for rooftop solar photovoltaic in the years to come. The growing awareness about energy sources, increasing regulatory policies, ongoing infrastructural developments, high GDP growth, sustainable energy requirements, low-cost power generation, large consumer base, and substantial technological advancements are also expected to fuel the global rooftop solar photovoltaic market in the upcoming years.
Browse through 105 Tables & 24 Figures spread over 138 Pages and in-depth TOC on “Global Rooftop Solar PV Market: By Type, Technology, Size, Share, Segments Analysis and Forecast, 2018–2025”.
Request Free Sample Report of Global Rooftop Solar Photovoltaic Market Report @ https://www.zionmarketresearch.com/sample/rooftop-solar-pv-market
The rising global demand for compact design and lightweight rooftop solar photovoltaic is another vital factor fueling the global rooftop solar photovoltaic market. However, the huge initial cost investments in the installation of rooftop solar photovoltaic may hamper the growth of the rooftop solar photovoltaic market globally. Alternatively, the positive regulations, government support in the form of subsidies, feed-in tariffs, tax credits, and motivating business strategies in emerging countries is likely to create new opportunities for the major market players.
The global rooftop solar photovoltaic market is fragmented into technology, grid type, and end-use. By technology, the global rooftop solar photovoltaic market is bifurcated into crystalline silicon (monocrystalline and multicrystalline) and thin film. The monocrystalline was the fastest growing technology segment and accounted for a significant share in 2018. By grid type, the global rooftop solar photovoltaic market includes off-grid and grid connected (centralized and decentralized). The off-grid segment held a major market share in 2018. On the basis of end-use, the market is classified into the residential and non-residential. In 2018, the non-residential segment led the global rooftop solar photovoltaic market.
Download Free Report PDF Brochure: https://www.zionmarketresearch.com/requestbrochure/rooftop-solar-pv-market
In 2018, Europe held the largest share of the rooftop solar photovoltaic market and Germany contributed the leading revenue share. The German government is promoting rooftop solar photovoltaic systems by offering incentives to the consumers and collaborations with the providers. Additionally, several European governments are offering tax benefits to providers of solar panels, which is expected to propel the European rooftop solar photovoltaic market growth in the upcoming years. Government subsidiaries and schemes for rooftop solar photovoltaic systems, like direct capital subsidies, green electricity schemes, and financing schemes will further fuel the region’s rooftop solar photovoltaic market. The European rooftop solar photovoltaic market is observing sufficiently of growth opportunities owing to the growing energy demand and reducing fossil fuels usage.
The Asia Pacific rooftop solar photovoltaic market is estimated to register the highest CAGR in the future, owing to the flourishing power industry. China and India are the major regional markets for rooftop solar photovoltaic, due to the constant rise in power demand and up-gradation in transmission and distribution infrastructure of smart grids. China and India have high industrialization and urbanization rates. In 2018, China was the major rooftop solar photovoltaic market and is expected to continue its dominance in the future as well. India and China are projected to be profitable nations due to their positive governmental schemes and feed-in-tariff programs.
Browse the full “Rooftop Solar Photovoltaic Market by Technology (Thin Film and Crystalline Silicon), by Grid Type (Off-Grid and Grid Connected), and by End-Use (Residential and Non-Residential): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/rooftop-solar-pv-market
North America was the third largest rooftop solar photovoltaic market globally in 2018. The U.S. is estimated to be the main regional market for rooftop solar photovoltaic and hold a major share in the upcoming years.
Latin American and the Middle Eastern and African regions are projected to experience moderate growth in the global rooftop solar photovoltaic in the years ahead, owing to the significant investments made by international companies for rooftop solar photovoltaic projects in these regions and improving economic conditions. Governments of several countries, such as Brazil, Argentina, South Africa, and the UAE, are promoting the use of rooftop solar photovoltaic in various industries. This will further drive this market across these regions in the future.
Inquire more about this report before purchase @ https://www.zionmarketresearch.com/inquiry/rooftop-solar-pv-market
Some major players of the global rooftop solar photovoltaic market are Pristine Sun, Suntech Power, Schott Solar, Sunpower, First Solar, Yingli Green Energy, Canadian Solar, Sharp Corporation, Solar World, Jinko Solar, and Trina Solar.
Request customized copy of report @ https://www.zionmarketresearch.com/custom/2743
This report segments the global rooftop solar photovoltaic market into:
Global Rooftop Solar Photovoltaic Market: Technology Analysis
- Thin Film
- Crystalline Silicon
- Monocrystalline
- Multicrystalline
Global Rooftop Solar Photovoltaic Market: Grid Type Analysis
- Off-Grid
- Grid Connected
- Centralized
- Decentralized
Global Rooftop Solar Photovoltaic Market: End-Use Analysis
- Residential
- Non-Residential
Global Rooftop Solar Photovoltaic Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
Related Reports:
- Smart Transformers Market: https://www.zionmarketresearch.com/report/smart-transformers-market
- Smart Mining Market: https://www.zionmarketresearch.com/report/smart-mining-market
- Hydraulic Turbines Market: https://www.zionmarketresearch.com/report/hydraulic-turbine-market
- Wind Turbine Operations and Maintenance Market: https://www.zionmarketresearch.com/report/wind-turbine-operations-maintenance-market
- Electric Motors Market: https://www.zionmarketresearch.com/report/electric-motors-market
About Us:
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Browse Blog: https://techcloudspro.com
Follow Us LinkedIn: https://www.linkedin.com/company/zion-market-research
Follow Us Twitter: https://twitter.com/zion_research
Contact Us:
Joel John
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com
Blog: http://zmrblog.com