• Sat. Jun 25th, 2022

INFO NEWS

World's Latest News

Rooftop Solar Photovoltaic (PV) Installation Market Is Expected To Reach $84.2 billion by 2030: Says AMR

Jun 10, 2022

Significant surge in demand for rooftop solar photovoltaic systems in residential buildings to save expenses sustained on electrical energy, increase in the standard of living among people across the globe, rise in the disposable income among people, and persistent technological advancements to provide electric power for the various home appliances are expected to drive the growth of the global rooftop solar photovoltaic (PV) installation market. Based on deployment, the ground mounted segment held the largest market share in 2020. Based on region, the Asia-Pacific region is expected to cite the fastest CAGR by 2030.

/EIN News/ — Portland, OR, June 02, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global rooftop solar photovoltaic (PV) installation market generated $45.9 billion in 2020, and is projected to reach $84.2 billion by 2030, growing at a CAGR of 6.3% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.

Significant surge in demand for rooftop solar photovoltaic systems in residential buildings to save expenses sustained on electrical energy, increase in the standard of living among people across the globe, rise in the disposable income among people, and persistent technological advancements to provide electric power for the various home appliances are expected to drive the growth of the global rooftop solar photovoltaic (PV) installation market. On the other hand, requirement of enormous space for its installation are expected to hinder the growth to some extent. However, growing awareness about various renewable energy sources among people are expected to create ample opportunities for the growth of the industry.

Download Report Sample (320 Pages PDF with Insights) @ https://www.alliedmarketresearch.com/request-sample/2374

COVID-19 Scenario

  • The outbreak of COVID-19 has had a negative impact on the growth of the global rooftop solar photovoltaic (PV) installation market, owing to the occurrence of lockdowns in various countries across the globe. Lockdowns resulted in the closure of various manufacturing units, including those of rooftop solar photovoltaic (PV) installation due to the stringent social distancing restrictions imposed by the government to curb the spread of the virus.
  • In addition, temporary ban of import and export of raw material further aggravated the impact on the market.
  • However, the market is expected to recoup soon.

The report offers a detailed segmentation of the global rooftop solar photovoltaic (PV) installation market based on deployment, technology, end-use and region.

Get detailed COVID-19 impact analysis on the Rooftop Solar Photovoltaic Installation Market Request Here

Based on deployment, the ground mounted segment held the largest market share in 2020, garnering nearly three-fourths of the total market. The rooftop mounted segment, on the other hand, is predicted to cite the fastest CAGR of 6.4% during the forecast period.

Based on end-use, the industrial segment held the majority share in 2020, holding nearly half of the total market. The residential segment, on the other hand, is anticipated to exhibit the fastest CAGR of 6.4% during the forecast period.

Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business @ https://www.alliedmarketresearch.com/connect-to-analyst/2374

Based on region, the market across Asia-Pacific held the lion’s share in 2020, garnering more than two-fifths of the total market. In addition, the same region is projected to cite the fastest CAGR of 6.5% during the forecast period. The other regions analyzed in the report include North America, Europe and LAMEA.

The key players analyzed in the global rooftop solar photovoltaic (PV) installation market report include Suntech Power Holding Co. Ltd, First Solar Inc., Yingli Solar, Sunpower Corporation, Sharp Corporation, JA Solar Holding Company Ltd., Kyocera, Shenzhen Topray Solar Co. Ltd., Tata Power Solar Systems Ltd.., and Wuxi Suntech Power Co. LTD.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenueTrial

Get more informationhttps://www.alliedmarketresearch.com/library-access

Similar Reports:
(Pre-Book Now with 10% Discount)

Concentrated Photovoltaic System Market: Global Analysis and Industry Forecast, 2021–2029

Alternative Solar Photovoltaic Technologies Market: Global Analysis and Industry Forecast, 2021–2029

Photocell Market: Global Opportunity Analysis and Industry Forecast, 2021–2029

Solar Panel Market: Global Opportunity Analysis and Industry Forecast, 2021–2029

Thin Film Photovoltaic Market: Global Opportunity Analysis and Industry Forecast, 2021–2029

Ultra Efficient Solar Power Market – Global Opportunities and Forecasts, 2022-2029

Solar Cell Films Market – Global Opportunity Analysis and Industry Forecast, 2022-2029

Solar Photovoltaic Wafer Market: Global Opportunity Analysis and Industry Forecast, 2021-2029

Solar Energy Market: Global Opportunity Analysis and Industry Forecast, 2019-2026

About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected]

Web: https://www.alliedmarketresearch.com

Follow us on | Facebook | Twitter | LinkedIn 


Primary Logo



Article originally published at https://www.einpresswire.com/article/575042269/rooftop-solar-photovoltaic-pv-installation-market-is-expected-to-reach-84-2-billion-by-2030-says-amr

This news story originally appeared at Books - Reality Syndicate Viewers on 10 June 2022