| Product Code: ETC13177495 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Rooftop Solar Photovoltaic Installation Market was valued at USD 56 Billion in 2024 and is expected to reach USD 90 Billion by 2031, growing at a compound annual growth rate of 4.60% during the forecast period (2025-2031).
The Global Rooftop Solar Photovoltaic Installation Market is witnessing significant growth driven by increasing awareness about renewable energy, government incentives, and declining solar panel costs. Rooftop solar PV installations are popular among residential, commercial, and industrial end-users due to their cost-effectiveness, environmental benefits, and energy independence. Asia Pacific region, particularly China and India, dominate the market with supportive government policies and high demand for clean energy. North America and Europe are also key markets with a growing trend towards sustainability and reducing carbon footprint. Key players in the market are focusing on technological advancements, partnerships, and strategic acquisitions to expand their market presence. The market is expected to continue growing as more countries prioritize renewable energy sources to combat climate change and achieve energy security goals.
The Global Rooftop Solar Photovoltaic Installation Market is experiencing significant growth driven by increasing awareness of environmental sustainability and the decreasing cost of solar technology. Key trends include the adoption of advanced technologies such as smart inverters and energy storage systems, as well as the rise of innovative financing models like solar leasing and power purchase agreements. Opportunities in the market lie in the residential sector, where homeowners are increasingly turning to rooftop solar to reduce electricity costs and carbon footprints. Additionally, the commercial and industrial sectors offer substantial growth potential as businesses seek to meet sustainability goals and reduce operational expenses. Government incentives and policies supporting renewable energy deployment further bolster market growth and present opportunities for market expansion.
The Global Rooftop Solar Photovoltaic Installation Market faces several challenges, including high upfront costs, limited financing options, complex regulations and permitting processes, intermittency of solar energy generation, and lack of awareness among consumers about the benefits of solar energy. Additionally, competition from traditional energy sources, such as coal and natural gas, hinders the widespread adoption of rooftop solar photovoltaic systems. Furthermore, the variability in government incentives and subsidies for solar energy projects across different regions adds to the uncertainties in the market. Overcoming these challenges requires innovative financing mechanisms, streamlined permitting procedures, technological advancements to improve energy storage capabilities, and extensive educational campaigns to promote the advantages of rooftop solar installations.
The Global Rooftop Solar Photovoltaic Installation Market is primarily driven by increasing environmental concerns and the shift towards renewable energy sources. Government incentives and subsidies promoting solar energy adoption, along with decreasing prices of solar panels and installation costs, are also key drivers. Rising electricity costs, energy security concerns, and the desire for energy independence further contribute to the market growth. Additionally, advancements in technology leading to improved solar panel efficiency and energy storage solutions are boosting the rooftop solar photovoltaic installation market. The trend towards sustainability and the growing awareness of the benefits of solar energy in reducing carbon footprint are expected to continue driving the market expansion in the foreseeable future.
Government policies related to the Global Rooftop Solar Photovoltaic Installation Market vary by country but generally include financial incentives such as feed-in tariffs, tax credits, and rebates to encourage adoption of solar energy. Net metering policies allow solar system owners to sell excess energy back to the grid, providing an additional revenue stream. Some governments also mandate minimum renewable energy targets or require new buildings to include solar panels. Regulatory frameworks, permitting processes, and interconnection standards are also crucial for facilitating rooftop solar installations. Overall, supportive government policies play a critical role in driving growth in the global rooftop solar photovoltaic installation market by reducing upfront costs, improving investment returns, and promoting sustainable energy practices.
The future outlook for the Global Rooftop Solar Photovoltaic Installation Market is highly positive, with sustained growth expected in the coming years. Factors driving this growth include increasing awareness of environmental sustainability, government initiatives promoting renewable energy adoption, declining costs of solar technology, and the rising demand for decentralized power generation. As more countries commit to reducing carbon emissions and shifting towards clean energy sources, the rooftop solar PV market is poised for expansion. Technological advancements such as energy storage solutions and smart grid integration will further drive the adoption of rooftop solar systems. Overall, the market is expected to see significant growth opportunities as renewable energy becomes increasingly mainstream and cost-effective compared to traditional energy sources.
In the Global Rooftop Solar Photovoltaic Installation Market, Asia is leading in terms of installed capacity and market growth, driven by countries like China, India, and Japan with favorable government policies and incentives. North America, particularly the United States, is experiencing steady growth due to increasing awareness of renewable energy and declining solar panel costs. Europe is a mature market with countries like Germany and the UK at the forefront of rooftop solar adoption. The Middle East and Africa region is slowly emerging in the rooftop solar market, with countries like UAE and South Africa investing in solar energy projects. Latin America shows potential for growth, especially in countries like Mexico and Brazil, where solar energy is gaining traction as a sustainable energy source.
Global Rooftop Solar Photovoltaic Installation Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Rooftop Solar Photovoltaic Installation Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Rooftop Solar Photovoltaic Installation Market Revenues & Volume, 2021 & 2031F |
3.3 Global Rooftop Solar Photovoltaic Installation Market - Industry Life Cycle |
3.4 Global Rooftop Solar Photovoltaic Installation Market - Porter's Five Forces |
3.5 Global Rooftop Solar Photovoltaic Installation Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Rooftop Solar Photovoltaic Installation Market Revenues & Volume Share, By Deployment, 2021 & 2031F |
4 Global Rooftop Solar Photovoltaic Installation Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Rooftop Solar Photovoltaic Installation Market Trends |
6 Global Rooftop Solar Photovoltaic Installation Market, 2021 - 2031 |
6.1 Global Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, By Deployment, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, By Residential, 2021 - 2031 |
6.1.3 Global Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, By Commercial, 2021 - 2031 |
6.1.4 Global Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, By Industrial, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.3.1 Overview & Analysis |
7 North America Rooftop Solar Photovoltaic Installation Market, Overview & Analysis |
7.1 North America Rooftop Solar Photovoltaic Installation Market Revenues & Volume, 2021 - 2031 |
7.2 North America Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, By Deployment, 2021 - 2031 |
8 Latin America (LATAM) Rooftop Solar Photovoltaic Installation Market, Overview & Analysis |
8.1 Latin America (LATAM) Rooftop Solar Photovoltaic Installation Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, By Deployment, 2021 - 2031 |
9 Asia Rooftop Solar Photovoltaic Installation Market, Overview & Analysis |
9.1 Asia Rooftop Solar Photovoltaic Installation Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, By Deployment, 2021 - 2031 |
10 Africa Rooftop Solar Photovoltaic Installation Market, Overview & Analysis |
10.1 Africa Rooftop Solar Photovoltaic Installation Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, By Deployment, 2021 - 2031 |
11 Europe Rooftop Solar Photovoltaic Installation Market, Overview & Analysis |
11.1 Europe Rooftop Solar Photovoltaic Installation Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, By Deployment, 2021 - 2031 |
12 Middle East Rooftop Solar Photovoltaic Installation Market, Overview & Analysis |
12.1 Middle East Rooftop Solar Photovoltaic Installation Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Rooftop Solar Photovoltaic Installation Market, Revenues & Volume, By Deployment, 2021 - 2031 |
13 Global Rooftop Solar Photovoltaic Installation Market Key Performance Indicators |
14 Global Rooftop Solar Photovoltaic Installation Market - Export/Import By Countries Assessment |
15 Global Rooftop Solar Photovoltaic Installation Market - Opportunity Assessment |
15.1 Global Rooftop Solar Photovoltaic Installation Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Rooftop Solar Photovoltaic Installation Market Opportunity Assessment, By Deployment, 2021 & 2031F |
16 Global Rooftop Solar Photovoltaic Installation Market - Competitive Landscape |
16.1 Global Rooftop Solar Photovoltaic Installation Market Revenue Share, By Companies, 2024 |
16.2 Global Rooftop Solar Photovoltaic Installation Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |