According to the market research report released by Technavio, the global rooftop solar market is expected to post at a CAGR of over 9% during the forecast period. However, the growth momentum of the market is expected to decelerate due to a decline in the year-over-year growth.
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This research report titled ˜Global Rooftop Solar Market 2018-2022 provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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The market research analysis categorizes the global off-grid solar power systems market into the following applications:
In 2017, the non-residential segment accounted for 62% of the global market and is projected to decline to 60% by 2022, exhibiting almost 2% decrease in market share.
Global rooftop solar market: Top emerging trend
The growing focus toward self-consumption is an emerging trend in the rooftop solar market space. Solar PVs are one of the most commonly used distributed generation technology. They are located at the source of power consumption, and therefore, provide reliable power to the users. These distributed solar PV units can be connected to the power for supplying excess power to the grid or stay independent and consume the entire power by themselves. End-users are moving toward self-generation of power as they are less affected when the grid power fails, saves energy costs due to improved efficiency, and have a greater control over the power generation resources.
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Technavios sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavios report provides expert market research on the following topics:
- Market Outline
- Global Rooftop Solar Market Overview
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Americas, and EMEA)
- Key leading countries
- Market segmentation by applications (non-residential and residential)
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (Canadian Solar, Hanwha Group, JA SOLAR, JinkoSolar, and Trina Solar)
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavios report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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