Transparency Market Research (http://www.transparencymarketresearch.com) includes new market research report "Rooftop Solar PV Market" to its huge collection of research reports.
Albany, NY -- (SBWIRE) -- 11/14/2014 -- Rapidly growing demand for decentralized renewable energy solutions are likely to boost the demand for rooftop solar PV modules in the future. Densely populated areas with high solar irradiation & flat roof structures are showing promising prospects for implementation of such kinds of generation schemes. This micro scale power station not only saves money but in the long run earns it too, by feeding surplus generation into the utility grid. Such rooftop solar PV power stations typically comprise multiple solar PV panels. Decreasing costs of PV panels have resulted in payback periods as short as five years for rooftop solar PV modules. This has resulted in an increased interest for installing such modules. With rising diesel prices around the world, rooftop solar PV is likely to replace DG Sets as a dominant provider of back-up power globally. Government support mechanisms like feed in tariff schemes and independent solar roof top installation policies are bolstering both investor and end user confidence. Initiatives by power utilities for increasing grid stability are encouraging installations of such stand alone systems.
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This is because rooftop solar PV modules can play a significant part in easing pressure on national and regional grids at peak load times. Breakthroughs in thin film PV technologies and introduction of renewable energy certificate (REC) schemes in many parts of the world are providing substantial opportunities for growth & development of rooftop solar PV modules. However fluctuating buying rates and high costs of installations are posing challenges for development of the sector currently. As adoption rates increase and more experience in installing such rooftop PV solutions in accumulated, the market is likely to show attractive growth rates in the future. However in order to successfully achieve grid stability through installation of rooftop solar PV modules, a very robust smart grid infrastructure needs to be in place. Solar being an intermitted and uncontrolled generation source requires a strong metering and smart grid infrastructure for harnessing its potential. Benefits to the adopters in terms of sale of excess generation can only be realized if the utility grid is able to accommodate and account for such power generation without advanced scheduling mechanisms.
The rooftop solar PV modules market may be segmented on various fronts. The market can be segmented on basis of grid connectivity as either standalone or grid connected. Technology segmentation will comprise of Thin Film PV, Crystalline Silicon PV and other nascent upcoming technologies grouped together. For the end user category, the market may be segmented as residential, commercial and industrial. With large capacity installations in 2013, solar is emerging as a dominant form of renewable energy. With rapid development in solar technologies, rooftop solar PV modules are also gaining market share steadily. Strong rooftop solar constituencies such California with over 200,000 installed rooftop systems are displaying heavy market penetration rates. Germany and Italy are some of the global leaders in terms of rooftop solar PV modules installed. This is closely followed by Japan and Spain. The Indian rooftop solar market reported very attractive growth rates in the utility segment. In the Oceania region, Australia showed deep market penetration with most of the PV installations in the continent being rooftop ones. The geographical segmentation will focus on market leaders in the European Region and upcoming regions such as Asia Pacific and Australia.
Some of the major players in the Rooftop Solar PV market are Suntech, Solarfun, Mitsubhishi, Salon, Yingali, Solar World, Kyocera among others.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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