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Rooftop Solar PV Market Trends

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Report ID: 3364
Published Date: Aug 29, 2024
Report Format: PDF, PPT

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Rooftop Solar PV Market Trends

Growth Drivers

Escalating Demand for Clean Energy
Increasing Government Initiatives to Promote the Use of Solar Energy

Challenges

High Cost of Investment
Lack of Proper Infrastructure in Developing Nations

Rooftop Solar PV Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	15.8%
Base Year Market Size (2023)	USD 111.78 billion
Forecast Year Market Size (2036)	USD 752.62 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Rooftop Solar PV Market Size & Share | Growth Forecasts 2036

Author Credits: Dhruv Bhatia

Report ID: 3364
Published Date: Aug 29, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of rooftop solar PV is assessed at USD 125.91 billion.

Rooftop Solar PV Market size was over USD 111.78 billion in 2023 and is anticipated to reach USD 752.62 billion by 2036, growing at around 15.8% CAGR during the forecast period i.e., between 2024-2036. Rising environment awareness and increasing government initiatives to promote the use of solar energy will impel the market growth.

North America is predicted to hold largest revenue share by 2036, on the back of high public awareness and government policies to encourage the adoption of solar farms in the region.

The major players in the market are Trina Solar Co., Ltd, Sharp Corporation, TATA Power Solar Systems Limited, SunPower Corporation, and others.

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