Key Strategic Initiatives in the Global Rooftop Solar Panel Market

The global rooftop solar panel market is anticipated to grow at a CAGR of nearly 8.2% during the forecast period. Market players are highly inclined towards the adoption of different growth strategies including capacity expansion, mergers and acquisitions, new product launches, and geographical expansion, to remain competitive in the marketplace. For instance, in January 2021, Leeward Renewable Energy, LLC, a renewable energy company, declared a purchase and sale agreement with First Solar, Inc. Under the agreement, Leeward acquired a utility-scale solar project platform of approximately 10-gigawatts (GW) AC from First Solar. 

Browse the full report description of "Global Rooftop Solar Panel Market Size, Share & Trends Analysis Report by Type (Monocrystalline Silicon Rooftop Solar Panel, Polycrystalline Silicon Rooftop Solar Panel, Thin-Film Rooftop Solar Panel, and Others), By End-user (Household Sector and Corporate Sector), Forecast Period 2021-2027" at https://www.omrglobal.com/industry-reports/rooftop-solar-panel-market

In addition, Leeward acquired the US project development platform of the company, which includes the 773MW of the Rabbitbrush, Madison, Oak Trail, Horizon, and Ridgely projects. The construction of these projects is expected to occur in the next two years, as well as includes the 30 MWAC Barilla Solar project, which is operational. This acquisition will enable Leeward to expand its geographical footprint in the US. Further, in June 2020, Canadian Solar Inc. declared the launch of next-generation PV modules across the globe. This launch of the solar PV models propels solar energy to achieve ever lower Levelized cost-of electricity (LCOE). These strategic initiatives will further accelerate innovations in rooftop solar panels and thereby will drive market growth.

Market Coverage

• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered- 

o By Type

o By End-User

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape- SunPower Corp., Canadian Solar Inc., First Solar Inc., JA Solar Holdings Co., Ltd., and JinkoSolar Holding Co., Ltd. 

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Rooftop Solar Panel Market Report Segment

By Type

• Monocrystalline Silicon Rooftop Solar Panel
• Polycrystalline Silicon Rooftop Solar Panel
• Thin-Film Rooftop Solar Panel

o Amorphous Silicon (a-Si)

o Cadmium Telluride (CdTe)

o Copper Indium Gallium Selenide (CIS/CIGS)

• Others

By End-User

• Household Sector
• Corporate Sector

Global Rooftop Solar Panel Market Report Segment by Region

North America           

• US
• Canada

Europe

• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific    

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa 
• Latin America 

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