PUBLISHER: Persistence Market Research | PRODUCT CODE: 1731554
PUBLISHER: Persistence Market Research | PRODUCT CODE: 1731554
Rooftop Solar PV Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025 - 2032
Persistence Market Research has recently released a comprehensive report on the worldwide market for rooftop solar PV. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure. This research publication presents exclusive data and statistics outlining the anticipated growth trajectory of the global rooftop solar PV market from 2025 to 2032.
Key Insights:
- Rooftop Solar PV Market Size (2025E): USD 64.8 Billion
- Projected Market Value (2032F): USD 178.7 Billion
- Global Market Growth Rate (CAGR 2025 to 2032): 15.6%
Rooftop Solar PV Market - Report Scope:
Rooftop solar photovoltaic (PV) systems are distributed energy solutions that enable residential, commercial, and industrial buildings to generate electricity from solar energy. These systems consist of solar panels installed on rooftops, connected to inverters, and sometimes integrated with battery storage for enhanced energy management. The market growth is driven by a growing demand for clean energy, reductions in system costs, and favorable government policies and incentives supporting solar adoption. Rooftop solar PV systems play a crucial role in reducing dependence on fossil fuels, lowering energy bills, and supporting carbon neutrality goals worldwide.
Market Growth Drivers:
The global rooftop solar PV market is propelled by several key drivers, including increasing awareness of renewable energy, rising electricity costs, and supportive government initiatives such as feed-in tariffs, net metering, and subsidies. Declining costs of solar panels and advancements in PV technology, such as higher efficiency modules and integrated smart inverters, are further enhancing the feasibility and attractiveness of rooftop solar installations. Urbanization, coupled with energy security concerns and the push for decentralized energy systems, is contributing to the proliferation of rooftop solar projects across residential and commercial sectors.
Market Restraints:
Despite the positive outlook, the rooftop solar PV market faces challenges such as high initial installation costs, intermittent energy generation, and regulatory barriers in certain regions. Lack of grid infrastructure in rural or underdeveloped areas and limited rooftop space in dense urban environments can constrain market penetration. Moreover, lengthy permitting processes, variation in incentive structures, and issues with grid integration present obstacles for widespread adoption. These restraints necessitate the development of innovative financing mechanisms, standardized policies, and streamlined installation processes to ensure sustainable market growth.
Market Opportunities:
The rooftop solar PV market offers substantial growth opportunities driven by technological innovation, energy storage integration, and evolving business models like solar leasing and power purchase agreements (PPAs). The emergence of building-integrated photovoltaics (BIPV) and smart grid infrastructure supports real-time energy monitoring and enhances energy self-sufficiency. Increasing corporate sustainability goals and community solar initiatives present new avenues for adoption, particularly in commercial and multi-tenant buildings. Expansion in emerging markets, particularly in Asia and Africa, with abundant solar resources and growing electricity demand, presents significant potential for market players.
Key Questions Answered in the Report:
- What are the primary factors driving the growth of the rooftop solar PV market globally?
- Which system configurations and applications are contributing to the rising adoption of rooftop solar energy?
- How are advancements in PV technology and storage solutions transforming the rooftop solar landscape?
- Who are the key players in the rooftop solar PV market, and what strategies are they using to gain competitive advantage?
- What are the key trends and emerging opportunities shaping the future of the rooftop solar PV market?
Competitive Intelligence and Business Strategy:
Leading companies in the global rooftop solar PV market, such as SunPower Corporation, LONGi Group, and Trina Solar, are focusing on product innovation, strategic partnerships, and geographic expansion to strengthen their market presence. These companies are investing in high-efficiency panels, smart energy systems, and integrated battery solutions to offer complete solar energy packages. Collaborations with utility providers, governments, and financial institutions enable broader accessibility and financing options. Emphasis on customer experience, rapid installation services, and long-term warranties also plays a pivotal role in market differentiation and customer retention in this competitive landscape.
Key Companies Profiled:
- LONGi Group
- SunPower Corporation
- First Solar, Inc.
- Canadian Solar Inc.
- Trina Solar Co. Ltd.
- E-Ton Solar Tech Co., Ltd.
- Jinko Solar Holding Co. Ltd.
- Indosolar Ltd
- Yingli Energy Development Company Limited
- Hanwha Qcells Co., Ltd.
- Silfab Solar Inc.
- JA Solar Technology Co., Ltd
Market Segmentation
By Technology
- Crystalline Silicon
- Thin Films
- Others
By Connectivity
- On-Grid
- Off-Grid
By Capacity
- Below 10 kW
- 10 kW to 100 kW
- 100 kW to 1 MW
- Above 1 MW
By End-user
- Residential
- Commercial
- Industrial
By Region
- North America
- Europe
- East Asia
- South Asia and Oceania
- Latin America
- Middle East and Africa
Table of Contents
1. Executive Summary
- 1.1. Global Rooftop Solar PV Market Snapshot 2025-2032
- 1.2. Market Opportunity Assessment, 2025-2032, US$ Bn
- 1.3. Key Market Trends
- 1.4. Industry Developments and Key Market Events
- 1.5. Demand Side and Supply Side Analysis
- 1.6. PMR Analysis and Recommendations
2. Market Overview
- 2.1. Market Scope and Definitions
- 2.2. Value Chain Analysis
- 2.3. Macro-Economic Factors
- 2.3.1. Global GDP Outlook
- 2.3.2. Global GDP Overview
- 2.3.3. Global Government Policies and Subsidies Overview
- 2.3.4. Global Supply Chain Disruptions Overview
- 2.4. Forecast Factors - Relevance and Impact
- 2.5. COVID-19 Impact Assessment
- 2.6. PESTLE Analysis
- 2.7. Porter's Five Forces Analysis
- 2.8. Geopolitical Tensions: Market Impact
- 2.9. Regulatory and Technology Landscape
3. Market Dynamics
- 3.1. Drivers
- 3.2. Restraints
- 3.3. Opportunities
- 3.4. Trends
4. Price Trend Analysis, 2019-2032
- 4.1. Region-wise Price Analysis
- 4.2. Price by Segments
- 4.3. Price Impact Factors
5. Global Rooftop Solar PV Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 5.1. Key Highlights
- 5.2. Global Rooftop Solar PV Market Outlook: Technology
- 5.2.1. Introduction/Key Findings
- 5.2.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Technology , 2019-2024
- 5.2.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Technology , 2025-2032
- 5.2.3.1. Crystalline Silicon
- 5.2.3.2. Thin Films
- 5.2.3.3. Others
- 5.2.4. Market Attractiveness Analysis: Technology
- 5.3. Global Rooftop Solar PV Market Outlook: Connectivity
- 5.3.1. Introduction/Key Findings
- 5.3.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Connectivity , 2019-2024
- 5.3.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Connectivity , 2025-2032
- 5.3.3.1. On-Grid
- 5.3.3.2. Off-Grid
- 5.3.4. Market Attractiveness Analysis: Connectivity
- 5.4. Global Rooftop Solar PV Market Outlook: Capacity
- 5.4.1. Introduction/Key Findings
- 5.4.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Capacity, 2019-2024
- 5.4.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Capacity, 2025-2032
- 5.4.3.1. Below 10 kW
- 5.4.3.2. 10 kW to 100 kW
- 5.4.3.3. 100 kW to 1 MW
- 5.4.3.4. Above 1 MW
- 5.4.4. Market Attractiveness Analysis: Capacity
- 5.5. Global Rooftop Solar PV Market Outlook: End User
- 5.5.1. Introduction/Key Findings
- 5.5.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by End User, 2019-2024
- 5.5.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by End User, 2025-2032
- 5.5.3.1. Residential
- 5.5.3.2. Commercial
- 5.5.3.3. Industrial
- 5.5.4. Market Attractiveness Analysis: End User
6. Global Rooftop Solar PV Market Outlook: Region
- 6.1. Key Highlights
- 6.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Region, 2019-2024
- 6.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Region, 2025-2032
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia & Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
- 6.4. Market Attractiveness Analysis: Region
7. North America Rooftop Solar PV Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 7.1. Key Highlights
- 7.2. Pricing Analysis
- 7.3. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 7.3.1. U.S.
- 7.3.2. Canada
- 7.4. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Technology , 2025-2032
- 7.4.1. Crystalline Silicon
- 7.4.2. Thin Films
- 7.4.3. Others
- 7.5. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Connectivity , 2025-2032
- 7.5.1. On-Grid
- 7.5.2. Off-Grid
- 7.6. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Capacity, 2025-2032
- 7.6.1. Below 10 kW
- 7.6.2. 10 kW to 100 kW
- 7.6.3. 100 kW to 1 MW
- 7.6.4. Above 1 MW
- 7.7. North America Market Size (US$ Bn) and Volume (Units) Forecast, by End User, 2025-2032
- 7.7.1. Residential
- 7.7.2. Commercial
- 7.7.3. Industrial
8. Europe Rooftop Solar PV Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 8.1. Key Highlights
- 8.2. Pricing Analysis
- 8.3. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 8.3.1. Germany
- 8.3.2. Italy
- 8.3.3. France
- 8.3.4. U.K.
- 8.3.5. Spain
- 8.3.6. Russia
- 8.3.7. Rest of Europe
- 8.4. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Technology , 2025-2032
- 8.4.1. Crystalline Silicon
- 8.4.2. Thin Films
- 8.4.3. Others
- 8.5. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Connectivity , 2025-2032
- 8.5.1. On-Grid
- 8.5.2. Off-Grid
- 8.6. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Capacity, 2025-2032
- 8.6.1. Below 10 kW
- 8.6.2. 10 kW to 100 kW
- 8.6.3. 100 kW to 1 MW
- 8.6.4. Above 1 MW
- 8.7. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by End User, 2025-2032
- 8.7.1. Residential
- 8.7.2. Commercial
- 8.7.3. Industrial
9. East Asia Rooftop Solar PV Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 9.1. Key Highlights
- 9.2. Pricing Analysis
- 9.3. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 9.3.1. China
- 9.3.2. Japan
- 9.3.3. South Korea
- 9.4. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Technology , 2025-2032
- 9.4.1. Crystalline Silicon
- 9.4.2. Thin Films
- 9.4.3. Others
- 9.5. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Connectivity , 2025-2032
- 9.5.1. On-Grid
- 9.5.2. Off-Grid
- 9.6. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Capacity, 2025-2032
- 9.6.1. Below 10 kW
- 9.6.2. 10 kW to 100 kW
- 9.6.3. 100 kW to 1 MW
- 9.6.4. Above 1 MW
- 9.7. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by End User, 2025-2032
- 9.7.1. Residential
- 9.7.2. Commercial
- 9.7.3. Industrial
10. South Asia & Oceania Rooftop Solar PV Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 10.1. Key Highlights
- 10.2. Pricing Analysis
- 10.3. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 10.3.1. India
- 10.3.2. Southeast Asia
- 10.3.3. ANZ
- 10.3.4. Rest of SAO
- 10.4. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Technology , 2025-2032
- 10.4.1. Crystalline Silicon
- 10.4.2. Thin Films
- 10.4.3. Others
- 10.5. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Connectivity , 2025-2032
- 10.5.1. On-Grid
- 10.5.2. Off-Grid
- 10.6. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Capacity, 2025-2032
- 10.6.1. Below 10 kW
- 10.6.2. 10 kW to 100 kW
- 10.6.3. 100 kW to 1 MW
- 10.6.4. Above 1 MW
- 10.7. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by End User, 2025-2032
- 10.7.1. Residential
- 10.7.2. Commercial
- 10.7.3. Industrial
11. Latin America Rooftop Solar PV Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 11.1. Key Highlights
- 11.2. Pricing Analysis
- 11.3. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 11.3.1. Brazil
- 11.3.2. Mexico
- 11.3.3. Rest of LATAM
- 11.4. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Technology , 2025-2032
- 11.4.1. Crystalline Silicon
- 11.4.2. Thin Films
- 11.4.3. Others
- 11.5. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Connectivity , 2025-2032
- 11.5.1. On-Grid
- 11.5.2. Off-Grid
- 11.6. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Capacity, 2025-2032
- 11.6.1. Below 10 kW
- 11.6.2. 10 kW to 100 kW
- 11.6.3. 100 kW to 1 MW
- 11.6.4. Above 1 MW
- 11.7. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by End User, 2025-2032
- 11.7.1. Residential
- 11.7.2. Commercial
- 11.7.3. Industrial
12. Middle East & Africa Rooftop Solar PV Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 12.1. Key Highlights
- 12.2. Pricing Analysis
- 12.3. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 12.3.1. GCC Countries
- 12.3.2. South Africa
- 12.3.3. Northern Africa
- 12.3.4. Rest of MEA
- 12.4. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Technology , 2025-2032
- 12.4.1. Crystalline Silicon
- 12.4.2. Thin Films
- 12.4.3. Others
- 12.5. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Connectivity , 2025-2032
- 12.5.1. On-Grid
- 12.5.2. Off-Grid
- 12.6. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Capacity, 2025-2032
- 12.6.1. Below 10 kW
- 12.6.2. 10 kW to 100 kW
- 12.6.3. 100 kW to 1 MW
- 12.6.4. Above 1 MW
- 12.7. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by End User, 2025-2032
- 12.7.1. Residential
- 12.7.2. Commercial
- 12.7.3. Industrial
13. Competition Landscape
- 13.1. Market Share Analysis, 2025
- 13.2. Market Structure
- 13.2.1. Competition Intensity Mapping
- 13.2.2. Competition Dashboard
- 13.3. Company Profiles
- 13.3.1. LONGi Group
- 13.3.1.1. Company Overview
- 13.3.1.2. Product Portfolio/Offerings
- 13.3.1.3. Key Financials
- 13.3.1.4. SWOT Analysis
- 13.3.1.5. Company Strategy and Key Developments
- 13.3.2. SunPower Corporation
- 13.3.3. First Solar, Inc.
- 13.3.4. Canadian Solar Inc.
- 13.3.5. Trina Solar Co. Ltd.
- 13.3.6. E-Ton Solar Tech Co., Ltd.
- 13.3.7. Jinko Solar Holding Co. Ltd.
- 13.3.8. Indosolar Ltd
- 13.3.9. Yingli Energy Development Company Limited
- 13.3.10. Hanwha Qcells Co., Ltd.
- 13.3.11. Silfab Solar Inc.
- 13.3.12. JA Solar Technology Co., Ltd.
- 13.3.1. LONGi Group
14. Appendix
- 14.1. Research Methodology
- 14.2. Research Assumptions
- 14.3. Acronyms and Abbreviations
