Global Rooftop Solar Pv Market Size & Outlook, 2020-2027
Global rooftop solar pv market, 2016-2027 (US$B)
Related Markets
Global rooftop solar pv market highlights
- The global rooftop solar pv market generated a revenue of USD 50.2 billion in 2020 and is expected to reach USD 75.9 billion by 2027.
- The market is expected to grow at a CAGR (2021 - 2027) of 6.1% by 2027.
- In terms of segment, thin film accounted for a revenue of USD 20.2 billion in 2020.
- Thin Film is the most lucrative technology segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2020.
- Country-wise, Germany is expected to register the highest CAGR from 2021 to 2027.
Global data book summary
| Market revenue in 2020 | USD 50.2 billion |
| Market revenue in 2027 | USD 75.9 billion |
| Growth rate | 6.1% (CAGR from 2020 to 2027) |
| Largest segment | Thin film |
| Fastest growing segment | Thin Film |
| Historical data covered | 2016 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2027 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Thin Film, Crystalline Silicon |
Other key industry trends
- In terms of revenue, the North America accounted for 21.3% of the global rooftop solar pv market in 2020.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2027.
- By country, Germany is the fastest growing regional market and is projected to reach USD 1.4 billion by 2027.
Thin film was the largest segment with a revenue share of 40.24% in 2020. Horizon Databook has segmented the Global rooftop solar pv market based on thin film, crystalline silicon covering the revenue growth of each sub-segment from 2016 to 2027.
The power generation sector around the world has been dominated by conventional power generation sources which include majorly coal. However, the rise in the utilization of fossil-fuel-based power generation sources has resulted to enhance air pollution levels around the world. Due to which global warming phenomenon is being witnessed on a global level. For instance, a rise in the earth temperature coupled with the melting of snow caps are some of the major effects of global warming which are being witnessed around the world.
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Rooftop Solar PV Market Scope
Rooftop Solar PV Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global rooftop solar pv market size, by region, 2016-2027 (US$B)
Top 10 countries: Rooftop solar pv market size, 2020 (US$B)
Global rooftop solar pv market share, by technology, 2020 & 2027 (%, US$B)
Rooftop solar pv market: Opportunity assessment by country
Global rooftop solar pv market, by region, 2020 (US$B)
Related regional statistics
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