United States Rooftop PV System Market was valued at USD 12 Billion in 2022 and is projected to reach USD 28 Billion by 2030, growing at a CAGR of 11.8% from 2024 to 2030.
The US rooftop PV (photovoltaic) system market is witnessing an unprecedented surge as industries and households alike transition towards renewable energy sources. As a result of the growing awareness about climate change and the economic advantages of solar energy, the demand for rooftop PV systems in the United States has seen significant growth over recent years. Industries, in particular, are increasingly turning to these systems to not only reduce their energy bills but also to enhance sustainability and meet regulatory requirements.
Rooftop PV systems have evolved to cater to different market needs. Commercial and industrial sectors, including manufacturing, retail, and even agriculture, are adopting these systems as part of their energy strategy. A major driver for these sectors is the economic benefit provided by rooftop solar panels, with the systems offering a quick return on investment. In fact, commercial rooftop PV systems can cut energy bills by up to 70%, which is a compelling reason for industries to make the switch. Furthermore, many states are offering incentives that reduce the upfront cost of installation, making the transition to rooftop PV even more financially attractive.
In terms of market requirements, businesses and industries are looking for systems that are highly efficient, durable, and able to scale based on energy demands. The integration of smart technologies with solar panels has also gained traction, with advanced monitoring systems allowing businesses to track energy generation and consumption in real-time. Another key requirement for industries is the customization of rooftop PV systems. Since every industry has unique energy demands and operational conditions, the ability to design a system that fits specific needs is crucial. Moreover, industries are increasingly interested in sustainable solutions that reduce their carbon footprint, which aligns with global sustainability goals.
The demand for rooftop PV systems is not just limited to large industries. Small businesses are also tapping into the benefits of solar energy, often in the form of smaller systems that can be easily installed and maintained. This shift in the market indicates a broader acceptance of rooftop PV technology across various sectors of the economy, helping to propel the growth of the US rooftop PV system market further.
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Jinko Solar
Trina Solar
Canadian Solar
JA Solar
Hanwha
First Solar
Yingli
SunPower
Sharp
Solarworld
Eging PV
Risen
Kyocera Solar
GCL
Longi Solar
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Rooftop PV System Market
Monocrystalline Silicon
Polycrystalline Silicon
Thin-Film
Building-Integrated Photovoltaics (BIPV)
Residential
Commercial
Industrial
Agricultural
Solar Panels
Inverters
Mounting Systems
Balance of System (BOS)
Roof-Mounted Systems
Ground-Mounted Systems
Hybrid Systems
Residential Users
Business Enterprises
Government Bodies
Non-Government Organizations (NGOs)
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Rooftop PV System Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Rooftop PV System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Rooftop PV System Market, By Type
6. US Rooftop PV System Market, By Application
7. US Rooftop PV System Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Rooftop PV System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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