Portland, OR -- (SBWire) -- 07/19/2017 --Global Rooftop Solar PV Market is expected to grow at a CAGR of 19.2% from 2017 to 2025. A rooftop solar photovoltaic (PV) is a rooftop-mounted electricity generating system from solar energy. In this system, solar panels are mounted on the rooftop of a residential or commercial building or structure. Rooftop solar PVs are advantageous because they reduce land requirement, decrease the dependency on grid power, lower the dependency on diesel generator, and can prove to be long-term reliable power sources.
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The Global Rooftop Solar PV Market is segmented based on applications and geography. According to applications, the market is categorized into residential and commercial applications. Geographic breakdown and deep analysis of each of the aforesaid segments have resulted in the following regions: North America, Europe, Asia-Pacific, and LAMEA.
Rooftop Solar PV Market Dynamics:
Drivers:
Supportive governmental policies, subsidies, and tax credits are anticipated to increase the demand for rooftop solar PV during the forecast period.
Declining battery costs are expected to lead to a rise in the adoption of rooftop solar PVs during the forecast period.
Rising adoption of distributed PV technology globally to decrease levelized cost of electricity (LCOE) is expected to fuel the demand for solar PVs during the forecast period.
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MARKET LANDSCAPE
By Application
Residential
Commercial
By Geography
North America
U.S.
Canada
Mexico
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Table Of Contents:
1. Executive summary
1.1. Key Findings
1.2. Market Attractiveness and Trend analysis
1.3. Competitive Landscape and recent industry development analysis
2. Introduction
2.1. Report Description
2.2. Scope and Definitions
2.3. Research Methodology
3. Market landscape
3.1. Growth Drivers
3.1.1. Impact Analysis
3.2. Restrains and Challenges
4. Market By Application
4.1. Residential
4.1.1. Historical Market Size by Region, 2014-2016
4.1.2. Market Forecast by Region, 2017-2025
4.2. Commercial
4.2.1. Historical Market Size by Region, 2014-2016
4.2.2. Market Forecast by Region, 2017-2025
5. Market By Geography
5.1. North America
5.1.1. Historical Market Size, 2014-2016
5.1.2. Market Forecast, 2017-2025
Fastest Growing Sector in Global Rooftop Solar PV Market 2014-2025
Global Rooftop Solar PV Market is expected to grow at a CAGR of 19.2% from 2017 to 2025