Residential is Expected to Dominate the Global Solar Shingles Market
The
global solar shingles market growth is driven by increasing demand for
renewable energy sources, government incentives and subsidies, and advances in
solar technology.
According to TechSci
Research report, “Global Solar Shingles Market - Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2028”. The Global Solar
Shingles is anticipated to project robust growth in the forecast period with a
CAGR of 4.8% through 2028. Solar
shingles are a popular choice for homeowners and businesses who want to
generate their own electricity using solar power while also maintaining a
traditional aesthetic. The global solar shingles market growth is driven by
increasing demand for renewable energy sources, government incentives and
subsidies, and advances in solar technology. One of the major advantages of
solar shingles is their ability to blend in seamlessly with the existing
roofline of a building. It makes them an attractive option for homeowners and
businesses who want to generate renewable energy without compromising the
aesthetic appeal of their property. The solar shingles market is becoming
increasingly competitive as many companies enter the market to meet the growing
demand for renewable energy sources. Tesla is a leading player in the solar
shingles market with its Solar Roof product. The Solar Roof is a unique product
that combines the functionality of a roof with solar panels to generate
renewable energy. The solar shingles market is a relatively new and growing
market that has seen significant developments in recent years. Many companies
are actively working to develop and improve solar shingle technology, as well
as to expand their reach into new markets. There have been several partnerships
and collaborations among these key players, as well as with other companies in
the solar and construction industries. For example, Tesla has partnered with
various roofing companies to install their solar shingles, while CertainTeed
has collaborated with Solaria Corporation to develop their Apollo II solar
shingle product. As the solar shingles market continues to grow and evolve, the
partnerships and collaborations among key players are expected to drive to
develop innovative new products and expand their reach into new markets.
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data Figures spread through 188 Pages and an in-depth TOC on " Global Solar Shingles Market"
he increasing demand for
clean and renewable energy, coupled with supportive government policies and
initiatives, is driving the growth of the solar shingles market in the region.
Countries such as China, Japan, India, and Australia are leading the adoption
of solar shingles in the Asia Pacific region. Japan is another key market for
solar shingles, as the country has been actively promoting the adoption of
renewable energy sources to reduce its reliance on nuclear power. India is also
emerging as a significant market for solar shingles, driven by the country's
ambitious target to achieve 175 GW of renewable energy capacity by 2022.
The Indian government has
implemented various initiatives and policies to support the growth of the solar
power industry in the country, which is expected to boost the adoption of solar
shingles. Australia is another promising market for solar shingles in the Asia
Pacific region. The country has abundant solar resources and has set a target
to achieve 50% renewable energy by 2030. The government has implemented various
policies and incentives to encourage the adoption of solar power, which is
expected to drive the growth of the solar shingles market in the country.
Key market players in the
Global Solar Shingles Market are
following:-
- SunTegra Solar
- Ergosun
- CertainTeed
- Canadian Solar
- Ertex Solar
- FlexSol Solutions B.V
- Tesla
- Anu Solar Power Pvt Ltd
- PV Technical Services Inc.
- Sunflare
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“.Based on Type, the solar
shingles market is segmented based on the type of solar cell technology used in
the shingles. Silicon solar shingles are made of silicon solar cells, which are
the most commonly used solar cells in the world. They are efficient, durable,
and have a long lifespan. Silicon solar shingles can be easily integrated into
the existing roofing system and are available in a variety of colors and
designs to match the aesthetic of the building. On the other hand,
Copper-Indium-Gallium-Selenide (CIGS) solar shingles are made of CIGS solar
cells, which are known for their high efficiency and flexibility. CIGS solar
shingles are thinner and lighter than silicon solar shingles, making them
easier to install. They also have a lower manufacturing cost, which translates
to a lower overall cost for the end consumer.”
said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management consulting firm.
Solar Shingles Market – Global Industry Size,
Share, Trends, Opportunity, and Forecast Segmented By Type (Silicon Solar
Shingles, Copper - Indium - Gallium - Selenide (CIGS) Solar Shingles, Others), By
Roofing Type (New Roofing, Reroofing), By End User (Residential, Commercial,
Industrial), By Region, Competition 2018-2028.. has
evaluated the future growth potential of Global Solar Shingles Market and provides statistics
and information on market structure, size, share, and future growth. The report
is intended 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 present in the Global Solar Shingles Market.
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