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Global Solar Roofing Market to reach USD 210.7 billion by the end of 2030.

Global Solar Roofing Market Size study & Forecast, by Type (Thin film, Crystalline, Others), by Grid Type (On-Grid, Off-Grid), by Installation Type (Residential, Commercial, Utility-Scale) and Regional Analysis, 2023-2030

Product Code: EPRE-82053765
Publish Date: 10-06-2023
Page: 200

Global Solar Roofing Market is valued at approximately USD 68.4 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 15.1% over the forecast period 2023-2030. Solar Roofing is a type of roof-mounted electrical system that generates power from solar energy. Solar roofing is a distributed power-generation technique that assists in meeting a building’s energy demand while keeping within the boundaries of an existing distribution network. It is fast rising as a result of increased concerns about climate change and rising electricity expenses. This is moving the solar roofing industry ahead, as is the demand for power generation from renewable energy sources, as well as the existence of plentiful solar resources across the world.

Moreover, governments around the world are increasingly investing in renewable energy sources. This investment in renewable energy is leading to the growth of the Solar roofing market, as solar roofing turbines are widely used in residential and small-scale commercial applications. For instance, in Sept. 2021, the U.S. Department of Agriculture revealed that the Department is planning to invest USD 464 million to build or improve renewable energy infrastructure and to assist rural communities, agricultural producers and companies’ lower energy costs in 48 states and Puerto Rico. USD 129 million of these projects have been funded by the USDA under the Rural Electricity for America Program. Also, in September 2022 the Andhra Pradesh State Investment Promotion Board (SIPB) offered investment possibilities for several businesses to increase green energy and The SIPB gave Green Ko permission to spend USD 246 billion in projects utilizing 4,230 MW of total renewable energy potential. Additionally, Advances in solar technology have made solar roofing more efficient also Solar roofing has also given rise to new business models such as solar leasing and power purchase agreements. However, High installation prices and the requirement for roof-mounted solar panel maintenance limit market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Solar Roofing Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 Owing to the increase in carbon footprint, the U.S. Government has implemented stringent environmental regulations regarding the usage of fossil fuels and is encouraging the use of photovoltaic energy by enforcing policies According to Solar Energy Industry Association (SEIA) in 2021, the utility-scale cumulative U.S. solar installations is around 77,741 MWdc. Asia Pacific is expected to grow significantly during the forecast period, owing due to widespread use of solar energy in the generation of electricity for standalone systems and rural electrification also rising levels of disposable income, population growth, and rapid urbanisation, as well as increased awareness of energy efficiency and environmental development.

Major market player included in this report are:
First Solar, Inc.
Hanwha Q-cells
Trina solar
JA Solar Holdings
SunPower Corporation
Indosolar Ltd
Canadian Solar Inc.
e-ton solar technology Co Ltd.
Jinko Solar Holding Co., Ltd.
Recent Developments in the Market:
Ø In January 2023, the unique Timberline Solar roof was made available to Austin area homeowners by GAF Energy, a Standard Industries affiliate and the industry’s top supplier of solar roofing. Timberline Solar is the only option that directly blends solar technology with traditional roofing techniques and materials. The Timberline Solar Energy Shingle ES, the first mailable solar shingle ever created, is part of this ground-breaking system and is produced in the United States at GAF Energy’s production and development facility.
Ø In October 2022, the Delhi government made an announcement on utilising neighbourhood solar roofs. Businesses and organisations would be able to generate power without needing rooftop space. Additionally, a joint venture between the governments of Rajasthan and the Union called for bids to commission 50 MW of grid-connected rooftop and small ground-mounted solar, which presents an opportunity for Indian businesses to set up rooftop projects.
Global Solar Roofing Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Grid Type, Installation Type, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Thin film

By Grid Type:

By Installation Type:

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Solar Roofing Market, by Region, 2020-2030 (USD Billion)
1.2.2. Solar Roofing Market, by Type, 2020-2030 (USD Billion)
1.2.3. Solar Roofing Market, by Grid Type, 2020-2030 (USD Billion)
1.2.4. Solar Roofing Market, by Installation Type, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Solar Roofing Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Solar Roofing Market Dynamics
3.1. Solar Roofing Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Growing awareness about renewable energy Increasing demand for solar energy
3.1.2. Market Challenges High Installation Cost of Solar Roofing
3.1.3. Market Opportunities Advancements in Solar Technology
Chapter 4. Global Solar Roofing Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Solar Roofing Market, by Type
5.1. Market Snapshot
5.2. Global Solar Roofing Market by Type, Performance – Potential Analysis
5.3. Global Solar Roofing Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Solar Roofing Market, Sub Segment Analysis
5.4.1. Thin film
5.4.2. Crystalline
5.4.3. Others
Chapter 6. Global Solar Roofing Market, by Grid Type
6.1. Market Snapshot
6.2. Global Solar Roofing Market by Grid Type, Performance – Potential Analysis
6.3. Global Solar Roofing Market Estimates & Forecasts by Grid Type 2020-2030 (USD Billion)
6.4. Solar Roofing Market, Sub Segment Analysis
6.4.1. On-Grid
6.4.2. Off-Grid
Chapter 7. Global Solar Roofing Market, by Installation Type
7.1. Market Snapshot
7.2. Global Solar Roofing Market by Installation Type, Performance – Potential Analysis
7.3. Global Solar Roofing Market Estimates & Forecasts by Installation Type 2020-2030 (USD Billion)
7.4. Solar Roofing Market, Sub Segment Analysis
7.4.1. Residential
7.4.2. Commercial
7.4.3. Utility-Scale
Chapter 8. Global Solar Roofing Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Solar Roofing Market, Regional Market Snapshot
8.4. North America Solar Roofing Market
8.4.1. U.S. Solar Roofing Market Type breakdown estimates & forecasts, 2020-2030 Grid Type breakdown estimates & forecasts, 2020-2030 Installation Type breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Solar Roofing Market
8.5. Europe Solar Roofing Market Snapshot
8.5.1. U.K. Solar Roofing Market
8.5.2. Germany Solar Roofing Market
8.5.3. France Solar Roofing Market
8.5.4. Spain Solar Roofing Market
8.5.5. Italy Solar Roofing Market
8.5.6. Rest of Europe Solar Roofing Market
8.6. Asia-Pacific Solar Roofing Market Snapshot
8.6.1. China Solar Roofing Market
8.6.2. India Solar Roofing Market
8.6.3. Japan Solar Roofing Market
8.6.4. Australia Solar Roofing Market
8.6.5. South Korea Solar Roofing Market
8.6.6. Rest of Asia Pacific Solar Roofing Market
8.7. Latin America Solar Roofing Market Snapshot
8.7.1. Brazil Solar Roofing Market
8.7.2. Mexico Solar Roofing Market
8.8. Middle East & Africa Solar Roofing Market
8.8.1. Saudi Arabia Solar Roofing Market
8.8.2. South Africa Solar Roofing Market
8.8.3. Rest of Middle East & Africa Solar Roofing Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. First Solar, Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Hanwha Q-cells
9.3.3. LONGi
9.3.4. Trina solar
9.3.5. JA Solar
9.3.6. SunPower Corporation
9.3.7. Indosolar Ltd
9.3.8. Canadian Solar
9.3.9. e-ton solar
9.3.10. Jinko Solar Holding Co., Ltd.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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