The Crystalline Silicon segment is expected to dominate the market in the forecast period.
High Domestic Rooftop Solar
Potential and Declining Cost of Solar PV Systems are the factors driving the
market growth in the forecast period.
According
to TechSci Research report, “China Rooftop Solar Market – By Region,
Competition, Forecast and Opportunity, 2018-2028F”, The China Rooftop Solar
Market is expected to grow at an impressive CAGR. The market is anticipated to grow as a result
of increasing usage renewable energy for the creation of electricity and the
abundance of solar energy available during the day. End-user consumers can
protect their investment in rooftop solar PV systems from fluctuating
electricity costs. Due to the cost of the electricity produced by this
photovoltaics can be easily quantified, end-use sectors can estimate their
electricity generation costs for another 10 years. Over the course of the
forecast, this tendency will have a favorable impact on the market environment.
Small-scale
rooftop solar PV systems are a crucial component of the market under
investigation, despite utility-scale solar PV projects in China having gained
ground. Additionally, the rooftop solar PV system provides households without
access to electricity with the advantages of contemporary electricity services.
As a result, it aids in lowering the cost of electricity in distant areas and
islands that rely on oil-fired generating while also enabling homeowners and
small companies to produce their own electricity.
Browse
over XX market data Figures spread through 80 Pages and an in-depth TOC on the "China Rooftop Solar Market."
China Rooftop Solar Market is divided into Technology, Grid-type, End-Use
and Region. Based on Technology, the market is divided into Thin Film and
Crystalline Silicon. Based on Grid-type, the market is divided into Grid
Connected and Off-grid. Based on End Use, the market is divided into
Residential, Commercial, Industrial.
Based on
Technology, the market is divided into Crystalline Silicon PV and Thin Film PV.
With the largest market share and projected significant growth over the
foreseeable period, the crystalline silicon PV industry now dominates the
market. Crystalline panels are the most common type of solar panel used in
residential and commercial applications due to their higher efficiency and
reliability.
Based on
End Use, the Commercial and Industrial Segment is Expected to Dominate the
Market. More than half of China rooftop solar installations are in the
commercial and industrial sectors. The development of innovative technology and
supportive policies are essential for the expansion of the business and
industrial sector. Instead of only considering rooftop solar systems with the
grid serving as storage (net/gross metering), China authorities need to plan
for rooftop solar systems and storage. In comparison to the conventional grid
supply and diesel generators, the combination produces electricity more
affordably. Due to affordability and the demand for technology, the commercial
and industrial sector in China is anticipated to experience considerable market
expansion over the forecast period. Due to being one of the largest energy
consumers, the commercial and industrial sector typically pays higher
electricity expenses. The industry has the most advantageous use profiles and
stands to gain from the installation of rooftop solar PV systems across
substantial roof areas. In China, an increasing number of business properties
choose to rent out their space with a permanent roof. Through a long-term
rental arrangement, the roofs in this case are made profitable. The commercial
property uses the energy produced, and any extra energy is routed back to the
grid for further distribution.
Key
market players in the China Rooftop Solar Market include:
- Zhejiang Chint Electrics Co. Ltd
- JA Solar Holdings Co. Ltd
- Hanwha SolarOne Ltd
- Trina Solar Ltd
- Yingli Green Energy Holding Co. Ltd
- ReneSola Ltd
- JinkoSolar Holding Co. Ltd.
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“China
is one of the most industrialized countries in Asia Pacific and also has one of
the greatest domestic mineral reserves in the world. Due to its capacity to
deliver dependable power to both rural and urban customers, scale up
investments through the entry of multiple investors, empower energy consumers,
and enhance their energy security while aiding utilities in addressing crucial
transmission and distribution losses, the rooftop solar market is one of the
clean energy sectors in China that is expanding at the fastest rate. As
technology advances and more home appliances that use electricity become
available, there is an increasing demand for rooftop solar photovoltaic systems
in residential buildings to reduce a specific portion of the cost sustained by
electricity. Owing to that the market is expanding in the future.” Mr. Karan
Chechi, Research Director with TechSci Research, a research-based Global
management consulting firm.
“China Rooftop Solar Market
Segmented by Technology (Thin Film, Crystalline Silicon), by Grid-type (Grid
Connected, Off-grid), by End-use (Residential, Commercial, Industrial), By
Region, Competition, Forecast and Opportunities, 2028” has evaluated the future
growth potential of China Rooftop Solar Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in China Rooftop Solar Market.
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