Why is the US rooftop solar PV market growing?

The US Rooftop Solar PV market is expected to significantly contribute to this growth, driven by rising investments in renewable energy, favorable government policies, and increasing residential and commercial adoption of solar energy solutions.

What is the report on the rooftop solar PV market?

The report on the rooftop solar PV market provides comprehensive coverage of various factors that influence the market’s growth and development. It covers detailed analyses of market trends, drivers, restraints, opportunities, and challenges, along with in-depth segmentation analysis by type, application, and distribution channel.

Who owns the rooftop solar PV market?

The rooftop solar PV market is highly fragmented, with several players including Jinko Solar Holding Co. Ltd., JA Solar Holdings Co. Ltd., Trina Solar Co. Ltd., LONGi Group, Canadian Solar Inc, First Solar, Inc., SunPower Corporation, Indosolar Ltd., Hanwha Q-cells, and E-Ton Solar Tech Co., Ltd..

What is the growth rate of residential rooftop solar PV market?

The residential rooftop solar PV market is expected to grow at the fastest compound annual growth rate (CAGR) of 6.8% over the forecast period from 2025 to 2030 due to government initiatives such as the Ministry of New and Renewable Energy (MNRE) in India offer subsidies for solar systems in houses.

What is the market share of thin film rooftop solar PV?

Thin film rooftop solar PV market dominated the global rooftop solar PV market and accounted for the largest revenue share of 41.32% in 2024, primarily driven by growing investments in renewable energy.

What is the future of rooftop solar PV?

Looking ahead, the future of rooftop solar PV appears promising. Technological innovations such as bifacial solar panels, which can capture sunlight from both sides, and smart solar inverters that optimize energy use are expected to drive the market forward.