The global Solar Power Generating Systems for Residential market size was valued at US$ 6478.9 million in 2023. With growing demand in downstream market, the Solar Power Generating Systems for Residential is forecast to a readjusted size of US$ 10160 million by 2030 with a CAGR of 6.6% during review period.
The research report highlights the growth potential of the global Solar Power Generating Systems for Residential market. Solar Power Generating Systems for Residential are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Solar Power Generating Systems for Residential. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Solar Power Generating Systems for Residential market.
Solar Power Generating Systems for Residential, commonly known as residential solar systems or rooftop solar panels, are renewable energy installations designed to generate electricity from sunlight for use in residential properties. These systems harness solar energy through photovoltaic (PV) panels installed on the rooftops or grounds of homes.
It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW. According to the data of the Ministry of Industry and Information Technology, the total output value of China's photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry. According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively. According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022. According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%. In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan's newly installed photovoltaic capacity was 3.247 GW.
Key Features:
The report on Solar Power Generating Systems for Residential market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Solar Power Generating Systems for Residential market. It may include historical data, market segmentation by Type (e.g., On-grid Solar Power Generating System, Off-grid Solar Power Generating System), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Solar Power Generating Systems for Residential market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Solar Power Generating Systems for Residential market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Solar Power Generating Systems for Residential industry. This include advancements in Solar Power Generating Systems for Residential technology, Solar Power Generating Systems for Residential new entrants, Solar Power Generating Systems for Residential new investment, and other innovations that are shaping the future of Solar Power Generating Systems for Residential.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Solar Power Generating Systems for Residential market. It includes factors influencing customer ' purchasing decisions, preferences for Solar Power Generating Systems for Residential product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Solar Power Generating Systems for Residential market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Solar Power Generating Systems for Residential market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Solar Power Generating Systems for Residential market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Solar Power Generating Systems for Residential industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Solar Power Generating Systems for Residential market.
Market Segmentation:
Solar Power Generating Systems for Residential market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
On-grid Solar Power Generating System
Off-grid Solar Power Generating System
Segmentation by application
Collective House
Detached House
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Viridi
Canadian Solar
Guangzhou Anern Energy Technology
Luminous
Sun Solar
WindyNation
Renogy
Eco-Worthy
AltE
Zhejiang Benyi Electrical
Key Questions Addressed in this Report
What is the 10-year outlook for the global Solar Power Generating Systems for Residential market?
What factors are driving Solar Power Generating Systems for Residential market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Solar Power Generating Systems for Residential market opportunities vary by end market size?
How does Solar Power Generating Systems for Residential break out type, application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Solar Power Generating Systems for Residential Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Solar Power Generating Systems for Residential by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Solar Power Generating Systems for Residential by Country/Region, 2019, 2023 & 2030
2.2 Solar Power Generating Systems for Residential Segment by Type
2.2.1 On-grid Solar Power Generating System
2.2.2 Off-grid Solar Power Generating System
2.3 Solar Power Generating Systems for Residential Sales by Type
2.3.1 Global Solar Power Generating Systems for Residential Sales Market Share by Type (2019-2024)
2.3.2 Global Solar Power Generating Systems for Residential Revenue and Market Share by Type (2019-2024)
2.3.3 Global Solar Power Generating Systems for Residential Sale Price by Type (2019-2024)
2.4 Solar Power Generating Systems for Residential Segment by Application
2.4.1 Collective House
2.4.2 Detached House
2.5 Solar Power Generating Systems for Residential Sales by Application
2.5.1 Global Solar Power Generating Systems for Residential Sale Market Share by Application (2019-2024)
2.5.2 Global Solar Power Generating Systems for Residential Revenue and Market Share by Application (2019-2024)
2.5.3 Global Solar Power Generating Systems for Residential Sale Price by Application (2019-2024)
3 Global Solar Power Generating Systems for Residential by Company
3.1 Global Solar Power Generating Systems for Residential Breakdown Data by Company
3.1.1 Global Solar Power Generating Systems for Residential Annual Sales by Company (2019-2024)
3.1.2 Global Solar Power Generating Systems for Residential Sales Market Share by Company (2019-2024)
3.2 Global Solar Power Generating Systems for Residential Annual Revenue by Company (2019-2024)
3.2.1 Global Solar Power Generating Systems for Residential Revenue by Company (2019-2024)
3.2.2 Global Solar Power Generating Systems for Residential Revenue Market Share by Company (2019-2024)
3.3 Global Solar Power Generating Systems for Residential Sale Price by Company
3.4 Key Manufacturers Solar Power Generating Systems for Residential Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Solar Power Generating Systems for Residential Product Location Distribution
3.4.2 Players Solar Power Generating Systems for Residential Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Solar Power Generating Systems for Residential by Geographic Region
4.1 World Historic Solar Power Generating Systems for Residential Market Size by Geographic Region (2019-2024)
4.1.1 Global Solar Power Generating Systems for Residential Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Solar Power Generating Systems for Residential Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Solar Power Generating Systems for Residential Market Size by Country/Region (2019-2024)
4.2.1 Global Solar Power Generating Systems for Residential Annual Sales by Country/Region (2019-2024)
4.2.2 Global Solar Power Generating Systems for Residential Annual Revenue by Country/Region (2019-2024)
4.3 Americas Solar Power Generating Systems for Residential Sales Growth
4.4 APAC Solar Power Generating Systems for Residential Sales Growth
4.5 Europe Solar Power Generating Systems for Residential Sales Growth
4.6 Middle East & Africa Solar Power Generating Systems for Residential Sales Growth
5 Americas
5.1 Americas Solar Power Generating Systems for Residential Sales by Country
5.1.1 Americas Solar Power Generating Systems for Residential Sales by Country (2019-2024)
5.1.2 Americas Solar Power Generating Systems for Residential Revenue by Country (2019-2024)
5.2 Americas Solar Power Generating Systems for Residential Sales by Type
5.3 Americas Solar Power Generating Systems for Residential Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Solar Power Generating Systems for Residential Sales by Region
6.1.1 APAC Solar Power Generating Systems for Residential Sales by Region (2019-2024)
6.1.2 APAC Solar Power Generating Systems for Residential Revenue by Region (2019-2024)
6.2 APAC Solar Power Generating Systems for Residential Sales by Type
6.3 APAC Solar Power Generating Systems for Residential Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Solar Power Generating Systems for Residential by Country
7.1.1 Europe Solar Power Generating Systems for Residential Sales by Country (2019-2024)
7.1.2 Europe Solar Power Generating Systems for Residential Revenue by Country (2019-2024)
7.2 Europe Solar Power Generating Systems for Residential Sales by Type
7.3 Europe Solar Power Generating Systems for Residential Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Solar Power Generating Systems for Residential by Country
8.1.1 Middle East & Africa Solar Power Generating Systems for Residential Sales by Country (2019-2024)
8.1.2 Middle East & Africa Solar Power Generating Systems for Residential Revenue by Country (2019-2024)
8.2 Middle East & Africa Solar Power Generating Systems for Residential Sales by Type
8.3 Middle East & Africa Solar Power Generating Systems for Residential Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Solar Power Generating Systems for Residential
10.3 Manufacturing Process Analysis of Solar Power Generating Systems for Residential
10.4 Industry Chain Structure of Solar Power Generating Systems for Residential
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Solar Power Generating Systems for Residential Distributors
11.3 Solar Power Generating Systems for Residential Customer
12 World Forecast Review for Solar Power Generating Systems for Residential by Geographic Region
12.1 Global Solar Power Generating Systems for Residential Market Size Forecast by Region
12.1.1 Global Solar Power Generating Systems for Residential Forecast by Region (2025-2030)
12.1.2 Global Solar Power Generating Systems for Residential Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Solar Power Generating Systems for Residential Forecast by Type
12.7 Global Solar Power Generating Systems for Residential Forecast by Application
13 Key Players Analysis
13.1 Viridi
13.1.1 Viridi Company Information
13.1.2 Viridi Solar Power Generating Systems for Residential Product Portfolios and Specifications
13.1.3 Viridi Solar Power Generating Systems for Residential Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Viridi Main Business Overview
13.1.5 Viridi Latest Developments
13.2 Canadian Solar
13.2.1 Canadian Solar Company Information
13.2.2 Canadian Solar Solar Power Generating Systems for Residential Product Portfolios and Specifications
13.2.3 Canadian Solar Solar Power Generating Systems for Residential Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 Canadian Solar Main Business Overview
13.2.5 Canadian Solar Latest Developments
13.3 Guangzhou Anern Energy Technology
13.3.1 Guangzhou Anern Energy Technology Company Information
13.3.2 Guangzhou Anern Energy Technology Solar Power Generating Systems for Residential Product Portfolios and Specifications
13.3.3 Guangzhou Anern Energy Technology Solar Power Generating Systems for Residential Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 Guangzhou Anern Energy Technology Main Business Overview
13.3.5 Guangzhou Anern Energy Technology Latest Developments
13.4 Luminous
13.4.1 Luminous Company Information
13.4.2 Luminous Solar Power Generating Systems for Residential Product Portfolios and Specifications
13.4.3 Luminous Solar Power Generating Systems for Residential Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Luminous Main Business Overview
13.4.5 Luminous Latest Developments
13.5 Sun Solar
13.5.1 Sun Solar Company Information
13.5.2 Sun Solar Solar Power Generating Systems for Residential Product Portfolios and Specifications
13.5.3 Sun Solar Solar Power Generating Systems for Residential Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 Sun Solar Main Business Overview
13.5.5 Sun Solar Latest Developments
13.6 WindyNation
13.6.1 WindyNation Company Information
13.6.2 WindyNation Solar Power Generating Systems for Residential Product Portfolios and Specifications
13.6.3 WindyNation Solar Power Generating Systems for Residential Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 WindyNation Main Business Overview
13.6.5 WindyNation Latest Developments
13.7 Renogy
13.7.1 Renogy Company Information
13.7.2 Renogy Solar Power Generating Systems for Residential Product Portfolios and Specifications
13.7.3 Renogy Solar Power Generating Systems for Residential Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 Renogy Main Business Overview
13.7.5 Renogy Latest Developments
13.8 Eco-Worthy
13.8.1 Eco-Worthy Company Information
13.8.2 Eco-Worthy Solar Power Generating Systems for Residential Product Portfolios and Specifications
13.8.3 Eco-Worthy Solar Power Generating Systems for Residential Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 Eco-Worthy Main Business Overview
13.8.5 Eco-Worthy Latest Developments
13.9 AltE
13.9.1 AltE Company Information
13.9.2 AltE Solar Power Generating Systems for Residential Product Portfolios and Specifications
13.9.3 AltE Solar Power Generating Systems for Residential Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 AltE Main Business Overview
13.9.5 AltE Latest Developments
13.10 Zhejiang Benyi Electrical
13.10.1 Zhejiang Benyi Electrical Company Information
13.10.2 Zhejiang Benyi Electrical Solar Power Generating Systems for Residential Product Portfolios and Specifications
13.10.3 Zhejiang Benyi Electrical Solar Power Generating Systems for Residential Sales, Revenue, Price and Gross Margin (2019-2024)
13.10.4 Zhejiang Benyi Electrical Main Business Overview
13.10.5 Zhejiang Benyi Electrical Latest Developments
14 Research Findings and Conclusion
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