Asia-Pacific Rooftop Solar Panel Market Overview by Recent Opportunities, Growth Size, Regional Analysis and Forecasts to 2025
Asia-Pacific rooftop solar panel market is estimated to grow significantly at a CAGR of around 8.4% during the forecast period. Asia-Pacific being home to several developing economies is seen as the high potential market for the rooftop solar panel companies to invest. The growth of Asia-Pacific market is being primarily driven by China and India’s solar panel market. Japan, Australia, Korea and Taiwan are the key regions growing at a significant rate due to increasing demand for solar energy and mass manufacturing of solar panels.
Asia-Pacific is significant rooftop solar panel market due to high solar
radiation, which enables installation of rooftop solar panels across the
region. Other key market players are investing in Asia-Pacific region due to
affordable labor and high solar radiation. Growing trend towards green energy
resources has also influenced the growth within the region at an extensive
level. Partnerships with other countries have also played a vital role in the
growing installations within the region. Emerging countries such as Malaysia,
which is showing signs of possible rapid PV development in the future, followed
by Vietnam and Indonesia. India could become one of the global PV market
leaders during the forecast period. This can be attributed to the increasing
investment in renewable energy sector by the government.
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Asia-Pacific Rooftop Solar Panel Market Segmentation
By Type
- Monocrystalline Solar Panel
- Polycrystalline Solar Panel
- Thin-Film Crystalline Solar Panel
- Amorphous Silicon (a-Si)
- Cadmium Telluride (CdTe)
- Copper Indium Gallium Selenide (CIS/CIGS)
- Other Solar Panels
By End-User
- Household Sector
- Corporate Sector
Regional Analysis
- China
- Japan
- India
- Rest of Asia-Pacific
Company Profiles
- Allpowers Industrial International Ltd.
- China Sunergy Co., Ltd.
- Hanwha SolarOne Co. Ltd.
- JA Solar Holdings Co., Ltd.
- JinkoSolar Holding Co., Ltd.
- Motech Industries, Inc.
- Neo Solar Power Corp.
- Renesola Zhejiang, Ltd.
- Risen Energy Co., Ltd.
- Shenzhen Portable Electronic Technology Co.,
Ltd.
- Shunfeng International Clean Energy, Ltd.
(SFCE)
- Sharp Corp.
- Tata Power Solar Systems Ltd.
- Trina Solar Energy Co., Ltd.
- Vikram Solar, Ltd.
- Wuxi Suntech Power Co., Ltd.
- Yingli Green Energy Holding Co., Ltd.
- Zhongli Talesun Solar Co., Ltd.
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