Rooftop Solar Photovoltaic (PV) Market

By Deployment;

Terrace Mounted and Pole Mounted

By Technology;

Thin Film and Crystalline Silicon

By Grid Type;

Off-Grid and Grid Connected

By End-Use;

Residential, Commercial and Industrial

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn109766662 Published Date: November, 2025 Updated Date: December, 2025

Rooftop Solar Photovoltaic Market Overview

Rooftop Solar Photovoltaic Market (USD Million)

Rooftop Solar Photovoltaic Market was valued at USD 157,072.79 million in the year 2024. The size of this market is expected to increase to USD 465,801.47 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 16.8%.


Rooftop Solar Photovoltaic (PV) Market

*Market size in USD million

CAGR 16.8 %


Study Period2025 - 2031
Base Year2024
CAGR (%)16.8 %
Market Size (2024)USD 157,072.79 Million
Market Size (2031)USD 465,801.47 Million
Market ConcentrationLow
Report Pages322
157,072.79
2024
465,801.47
2031

Major Players

  • SunPower Corporation
  • First Solar, Inc.
  • Canadian Solar Inc.
  • JinkoSolar Holding Co., Ltd.
  • Trina Solar Limited
  • Hanwha Q CELLS Co., Ltd.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Rooftop Solar Photovoltaic (PV) Market

Fragmented - Highly competitive market without dominant players


The Rooftop Solar Photovoltaic (PV) Market is witnessing significant growth as sustainable energy usage accelerates. More than 45% of households and businesses are choosing rooftop PV systems to lower energy costs and reduce carbon output. This shift underscores the technology’s vital role in building cleaner and more secure energy systems.

Technological Innovations Boosting Growth
Innovations in solar efficiency and storage technologies are accelerating adoption. About 50% of new installations feature high-performance modules that generate more power under diverse conditions. Additionally, battery adoption has risen by 30%, giving users improved control over energy use and greater independence from the grid.

Economic and Environmental Advantages
The dual benefits of affordability and sustainability are central to this market’s success. Rooftop PV systems can reduce electricity bills by up to 40% while cutting carbon emissions by more than 35%. These combined advantages are driving consistent demand across both residential and industrial applications.

Future Growth Outlook
Around 55% of organizations now include rooftop PV in their energy transition strategies. Supportive policies, innovation, and rising consumer awareness are expected to fuel further growth. The market is set to remain one of the most transformative forces in the renewable energy industry, reshaping energy consumption patterns worldwide.

Drivers:

  • Declining Solar PV Costs
  • Government Incentives and Subsidies
  • Environmental Awareness and Sustainability Goals
  • Energy Independence and Resilience
  • Technological Advancements in Solar Energy- In the Global Rooftop Solar Photovoltaic Market, technological advancements in solar energy play a crucial role in driving innovation, improving efficiency, and lowering costs. These advancements encompass various aspects of solar PV technology, including improvements in solar cell efficiency, module design, and system integration. Higher-efficiency solar cells, such as monocrystalline and PERC (Passivated Emitter Rear Cell) technologies, enable rooftop solar installations to generate more electricity from limited rooftop space, maximizing energy yield and enhancing overall system performance. Additionally, advancements in module design and manufacturing techniques, such as bifacial modules and half-cut cell technology, contribute to increased reliability, durability, and aesthetics of rooftop solar installations, further enhancing their attractiveness and viability.

    Ongoing research and development efforts focus on enhancing energy storage capabilities, developing smart inverters and monitoring systems, and exploring novel materials and manufacturing processes to optimize rooftop solar PV systems. These technological advancements not only improve the competitiveness of rooftop solar but also facilitate the integration of solar energy into the broader energy ecosystem. By harnessing the power of innovation, the Global Rooftop Solar Photovoltaic Market continues to evolve and expand, driving the transition towards clean, renewable energy sources and contributing to a more sustainable future.

Restraints:

  • Initial High Installation Costs
  • Regulatory Barriers and Permitting Challenges
  • Variability of Solar Resource Availability
  • Grid Integration and Interconnection Issues
  • Limited Financing Options for Solar Projects- Limited financing options for solar projects present a significant challenge in the Global Rooftop Solar Photovoltaic Market, hindering the widespread adoption of rooftop solar installations. Despite the declining costs of solar PV technology, upfront investment remains a barrier for many potential consumers and businesses. Traditional financing avenues such as bank loans or home equity lines of credit may not always be accessible due to factors such as credit history, collateral requirements, or stringent eligibility criteria, limiting the ability of individuals and organizations to finance rooftop solar projects. Moreover, the perceived risk associated with solar investments, including uncertainties surrounding government incentives, regulatory policies, and long-term energy savings, may deter lenders from offering competitive financing options for rooftop solar PV projects.

    Addressing the challenge of limited financing options requires innovative approaches and collaborative efforts from stakeholders across the solar industry. Governments, financial institutions, and industry stakeholders can work together to develop and implement supportive policies, incentives, and financing mechanisms that facilitate access to affordable capital for rooftop solar projects. Initiatives such as green bonds, community solar programs, and solar leasing arrangements can help broaden the pool of financing options, making rooftop solar installations more accessible and attractive to a wider range of consumers and businesses. By overcoming the financing barrier, the Global Rooftop Solar Photovoltaic Market can unlock its full potential and accelerate the transition towards a clean, sustainable energy future.

Opportunities:

  • Growing Demand for Renewable Energy
  • Expansion of Distributed Energy Resources
  • Integration of Solar with Energy Storage Systems
  • Emergence of Innovative Financing Models
  • Development of Solar-friendly Policies and Regulations- The development of solar-friendly policies and regulations plays a crucial role in shaping the growth trajectory of the Global Rooftop Solar Photovoltaic Market. Governments and regulatory bodies worldwide are increasingly recognizing the importance of renewable energy, including rooftop solar, in mitigating climate change and enhancing energy security. As a result, many countries are implementing supportive policies and regulatory frameworks to incentivize rooftop solar deployment. These may include feed-in tariffs, net metering programs, tax incentives, and renewable energy targets, which create favorable conditions for investment in rooftop solar installations and drive market growth.

    Clear and consistent regulations streamline the permitting and interconnection processes for rooftop solar projects, reducing administrative burdens and uncertainties for developers and consumers alike. By establishing standardized procedures and requirements, regulatory bodies can foster a conducive environment for rooftop solar development, encouraging more individuals, businesses, and institutions to invest in solar PV installations. Additionally, policies that prioritize distributed energy resources, grid modernization, and energy storage integration can further enhance the value proposition of rooftop solar, promoting its widespread adoption and contributing to the advancement of the Global Rooftop Solar Photovoltaic Market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Deployment
    2. Market Snapshot, By Technology
    3. Market Snapshot, By Grid Type
    4. Market Snapshot, By End-Use
    5. Market Snapshot, By Region
  4. Rooftop Solar Photovoltaic (PV) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Declining Solar PV Costs
        2. Government Incentives and Subsidies
        3. Environmental Awareness and Sustainability Goals
        4. Energy Independence and Resilience
        5. Technological Advancements in Solar Energy
      2. Restraints
        1. Initial High Installation Costs
        2. Regulatory Barriers and Permitting Challenges
        3. Variability of Solar Resource Availability
        4. Grid Integration and Interconnection Issues
        5. Limited Financing Options for Solar Projects
      3. Opportunities
        1. Growing Demand for Renewable Energy
        2. Expansion of Distributed Energy Resources
        3. Integration of Solar with Energy Storage Systems
        4. Emergence of Innovative Financing Models
        5. Development of Solar-friendly Policies and Regulations
    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. Rooftop Solar Photovoltaic (PV) Market, By Deployment, 2021 - 2031 (USD Million)
      1. Terrace Mounted
      2. Pole Mounted
    2. Rooftop Solar Photovoltaic (PV) Market, By Technology, 2021 - 2031 (USD Million)
      1. Thin Film
      2. Crystalline Silicon
    3. Rooftop Solar Photovoltaic (PV) Market, By Grid Type, 2021 - 2031 (USD Million)
      1. Off-Grid
      2. Grid Connected
    4. Rooftop Solar Photovoltaic (PV) Market, By End-Use, 2021 - 2031 (USD Million)
      1. Residential
      2. Commercial
      3. Industrial
    5. Rooftop Solar Photovoltaic (PV) 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 (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa

        1. GCC

        2. Israel

        3. South Africa

        4. Rest of Middle East & Africa

      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. JinkoSolar Holding Co., Ltd.
      2. LONGi Green Energy Technology Co., Ltd.
      3. Trina Solar Co., Ltd.
      4. Canadian Solar Inc.
      5. JA Solar Technology Co., Ltd.
      6. First Solar, Inc.
      7. SunPower Corporation
      8. Talesun Solar
      9. Hanwha Q CELLS
      10. REC Solar Holdings AS
      11. Risen Energy Co., Ltd.
      12. Tata Power Solar Systems Ltd.
      13. Adani Solar
      14. Waaree Energies Ltd.
      15. Enphase Energy, Inc.
  7. Analyst Views
  8. Future Outlook of the Market