Global Solar Rooftop Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Technology;

Solar PV and Concentrated Solar Power (CSP).

By Module Type ;

Crystalline, Thin Film and Parabolic Trough.

By Connectivity;

On-Grid and Off-Grid .

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn187156543 Published Date: April, 2025 Updated Date: May, 2025

Introduction

Global Solar Rooftop Market (USD Million), 2021 - 2031

In the year 2024, the Global Solar Rooftop Market was valued at USD 128,295.25 million. The size of this market is expected to increase to USD 327,992.38 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 14.4%.


Global Solar Rooftop Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 14.4 %


Study Period2025 - 2031
Base Year2024
CAGR (%)14.4 %
Market Size (2024)USD 128,295.25 Million
Market Size (2031)USD 327,992.38 Million
Market ConcentrationLow
Report Pages323
128,295.25
2024
327,992.38
2031

Major Players

  • Canadian Solar
  • PHOTONIX Solar Private Limited
  • Jinko Solar
  • Q Cells
  • SunPower Corporation
  • AGL

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Solar Rooftop Market

Fragmented - Highly competitive market without dominant players


The global solar rooftop market is witnessing remarkable growth and transformation as renewable energy adoption continues to accelerate worldwide. With increasing awareness of environmental sustainability and the imperative to reduce carbon emissions, solar rooftop installations have emerged as a viable solution for generating clean and renewable electricity directly from the sun. This market segment encompasses a diverse range of residential, commercial, and industrial applications, offering opportunities for property owners, businesses, and communities to harness solar energy and contribute to a more sustainable energy future.

One of the primary drivers propelling the growth of the global solar rooftop market is the declining cost of solar photovoltaic (PV) technology. Advances in PV technology, economies of scale in manufacturing, and supportive government policies have led to significant reductions in the cost of solar panels and associated components, making rooftop solar installations increasingly affordable and accessible. As the cost of solar energy continues to decline, rooftop solar systems become a compelling investment for homeowners, businesses, and institutions seeking to lower electricity bills, hedge against future energy price volatility, and demonstrate environmental leadership.

Technological advancements and innovations play a pivotal role in shaping the dynamics of the solar rooftop market. Continuous improvements in solar PV efficiency, energy storage solutions, and smart grid integration enable rooftop solar systems to deliver higher performance, reliability, and functionality. Innovations such as high-efficiency solar panels, integrated energy management systems, and digital monitoring platforms enhance the value proposition of solar rooftop installations, driving adoption across diverse customer segments. Additionally, integration with smart home technologies and energy management systems offers homeowners greater control over their energy usage and enhances the overall efficiency of solar PV systems.

The global solar rooftop market is also driven by evolving energy policies, regulatory frameworks, and sustainability goals set by governments, utilities, and corporations worldwide. Incentive programs, feed-in tariffs, net metering policies, and renewable energy targets incentivize the deployment of rooftop solar systems, fostering a conducive environment for investment and growth in the solar rooftop segment. Corporate sustainability initiatives, carbon reduction commitments, and renewable energy procurement strategies drive demand for solar rooftop installations among businesses seeking to decarbonize operations, enhance brand reputation, and achieve long-term energy cost savings.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Technology
    2. Market Snapshot, By Module Type
    3. Market Snapshot, By Connectivity
    4. Market Snapshot, By Region
  4. Global Solar Rooftop Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Government Incentives and Subsidies
        2. Declining Solar Panel Costs
        3. Energy Security and Resilience
        4. Technological Advancements and Innovation
      2. Restraints
        1. Upfront Costs and Financial Barriers
        2. Regulatory and Policy Uncertainty
        3. Technical and Structural Limitations
        4. Grid Connection and Interconnection Challenges
      3. Opportunities
        1. Falling Solar Panel Costs
        2. Technological Advancements
        3. Supportive Government Policies and Incentives
        4. Integration with Smart Home Technologies
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Solar Rooftop Market , By Technology, 2021- 2031(USD Million)
      1. Solar PV
      2. Concentrated Solar Power (CSP)
    2. Global Solar Rooftop Market , By Module Type , 2021- 2031(USD Million)
      1. Crystalline
      2. Thin Film
      3. Parabolic Trough
    3. Global Solar Rooftop Market , By Connectivity, 2021- 2031(USD Million)
      1. On-Grid
      2. Off-Grid
    4. Global Solar Rooftop Market , By Geography, 2021- 2031(USD Million)

      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
      5. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  6. Competitive Landscape
    1. Company Profiles
      1. Canadian Solar
      2. PHOTONIX Solar Private Limited
      3. Jinko Solar
      4. Q Cells
      5. SunPower Corporation
      6. AGL
  7. Analyst Views
  8. Future Outlook of the Market