Asia Pacific Rooftop Solar Pv Market Size & Outlook
The rooftop solar pv market in Asia Pacific is expected to reach a projected revenue of US$ 22.7 billion by 2027. A compound annual growth rate of 4.7% is expected of Asia Pacific rooftop solar pv market from 2021 to 2027.
Revenue, 2020 (US$B)
$16.4
Forecast, 2027 (US$B)
$22.7
CAGR, 2021 - 2027
4.8%
Report Coverage
Asia Pacific
Asia Pacific rooftop solar pv market, 2016-2027 (US$B)
Related Markets
Asia Pacific rooftop solar pv market highlights
- The Asia Pacific rooftop solar pv market generated a revenue of USD 16.4 billion in 2020.
- The market is expected to grow at a CAGR of 4.7% from 2021 to 2027.
- In terms of segment, thin film was the largest revenue generating technology in 2020.
- Thin Film is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2021 to 2027.
Asia Pacific data book summary
| Market revenue in 2020 | USD 16.4 billion |
| Market revenue in 2027 | USD 22.7 billion |
| Growth rate | 4.7% (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 |
| Key market players worldwide | JinkoSolar Holding Co Ltd DR, SunPower Corp, Emeren Group Ltd ADR, First Solar Inc, Canadian Solar Inc, Hanwha |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 32.7% of the global rooftop solar pv market in 2020.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2027.
- MEA is the fastest growing regional market and is projected to reach USD 12.4 billion by 2027.
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Rooftop Solar PV Market Scope
Rooftop solar pv market segmentation & scope
Rooftop Solar PV Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific rooftop solar pv market size, by country, 2016-2027 (US$B)
Asia Pacific Rooftop Solar PV Market Outlook Share, 2020 & 2027 (US$B)
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