Solar Roofing Market is expected to Grow with a CAGR of 10.55% through 2030
Rising demand for sustainable
energy, supportive government incentives, and increasing adoption of integrated
building solutions are driving the growth of the solar roofing market across
residential and commercial sectors.
According to TechSci Research
report, “Solar Roofing Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2030F”, the Solar Roofing Market was valued at USD 5.61 Billion in 2024 and is expected to reach USD 10.33 Billion by 2030 with a CAGR of 10.55%. The solar roofing market is experiencing
robust growth driven by a confluence of environmental, economic, and
technological factors that are accelerating the adoption of sustainable energy
solutions. A primary driver is the rising global emphasis on renewable energy
to combat climate change, leading to widespread policy support, incentives, and
subsidies for solar installations, especially in the residential and commercial
sectors. Governments across regions are increasingly enforcing net-zero
emission targets and mandating green building codes, encouraging both new
construction and retrofitting projects to incorporate energy-efficient roofing
systems.
The declining cost of solar
photovoltaic (PV) technology, particularly solar shingles and tiles has made
solar roofing more economically viable for a broader segment of consumers,
especially with increasing energy costs pushing homeowners and businesses toward
long-term savings through self-generation of electricity. The integration of
solar roofing systems with smart home technologies and energy storage
solutions, such as batteries and inverters, is also enhancing the overall value
proposition by enabling energy independence and grid resilience. Technological
advancements in building-integrated photovoltaics (BIPV) are making solar roofs
more aesthetically appealing and architecturally compatible, removing earlier
barriers related to design limitations and visual obtrusiveness.
In addition, the growing
consumer awareness about sustainable living and the increasing demand for
green-certified buildings are playing a critical role in driving market demand,
particularly in urban and semi-urban areas. Corporations are also contributing
to market momentum by incorporating ESG (environmental, social, and governance)
principles into their infrastructure investments, thus increasing the
commercial deployment of solar roofing in industrial parks, office complexes,
and warehouses. Furthermore, financing models such as leasing, power purchase
agreements (PPAs), and on-bill financing are making solar roofing more
accessible by lowering the upfront capital burden, thereby expanding the
addressable market. As more utility companies and grid operators promote
distributed generation and offer favorable net metering programs, end-users are
increasingly realizing the dual benefit of reduced utility bills and potential
revenue generation through excess energy export.
The increased frequency of
power outages and growing concerns over energy reliability in regions prone to
natural disasters are also pushing demand for solar roofing coupled with backup
power solutions. Additionally, advancements in lightweight materials, modular
installation systems, and improved conversion efficiencies are simplifying
installation processes, reducing labor costs, and minimizing structural stress
on buildings. The convergence of environmental mandates, energy cost
optimization, architectural integration, and rising consumer eco-consciousness
is thus collectively driving a transformative shift toward solar roofing,
positioning it as a mainstream alternative to conventional roofing systems
across diverse geographies and applications.
Browse over XX Market data
Figures spread through XX Pages and an in-depth TOC on the "Global Solar Roofing Market.”
Based on the Application, Residential
segment held the largest Market share in 2024. The residential segment of the
solar roofing market is experiencing strong growth, driven by a convergence of
environmental awareness, cost savings, technological innovation, and supportive
regulatory policies. Homeowners are increasingly turning to solar roofing as a
means to reduce long-term electricity bills, achieve energy independence, and
contribute to sustainability goals. As energy prices continue to rise globally,
solar roofs present an attractive return on investment, particularly in
sun-rich regions, where they can drastically reduce or eliminate monthly
utility expenses.
Additionally, governments and
local authorities across various regions are offering substantial incentives
such as tax credits, rebates, and feed-in tariffs, making the upfront
installation cost of solar roofing more affordable and appealing to homeowners.
The integration of solar energy systems with home energy storage solutions—such
as batteries—has further enhanced the reliability and appeal of residential
solar roofing, allowing consumers to store excess power and use it during peak
hours or outages. Technological advancements have also improved the efficiency,
aesthetics, and durability of solar roofing systems, moving away from bulky
panel installations toward sleek, integrated shingles and tiles that blend
seamlessly with traditional roofing materials, thereby preserving or even
enhancing property aesthetics and value.
Moreover, the growing
adoption of smart home technologies has encouraged integration of solar roofing
with digital energy management systems, allowing homeowners to monitor and
optimize energy usage in real time. Environmental concerns and climate change
awareness have also played a pivotal role, with more consumers seeking greener
alternatives to fossil-fuel-based power, especially in regions with aggressive
carbon-neutral targets.
Additionally, rising
awareness among property developers and residential construction companies is
pushing the integration of solar roofing into new housing projects,
particularly in urban and suburban developments. This is being further
supported by building codes and green certification programs that promote or
mandate the inclusion of renewable energy solutions in new residential
structures. The cumulative effect of these factors—economic, environmental,
technological, and policy-related—is fueling a robust and sustained demand for
solar roofing in the residential sector, positioning it as a key component in
the global transition toward decentralized and sustainable energy systems.
Based on the region, Asia
Pacific is emerging as the fastest-growing region in the solar roofing market,
driven by rapid urbanization, increasing energy demand, and strong government
initiatives supporting renewable energy adoption. Countries like China, India,
Japan, and South Korea are investing heavily in solar infrastructure to reduce
dependence on fossil fuels and meet sustainability targets. The region benefits
from high solar irradiance, declining installation costs, and a growing focus
on energy-efficient building practices. Additionally, rising consumer
awareness, favorable policies, and expanding construction activities in both
residential and commercial sectors are accelerating the adoption of solar
roofing solutions across Asia Pacific.
Major companies operating in
the Global Solar Roofing Market are:
- Tesla, Inc.
- CertainTeed Corporation
- GAF Energy
- Suntegra Solar
- Luma Solar
- SunPower Corporation
- SolteQ Energy Solutions
- Hanergy Holding Group
- Canadian Solar Inc.
- Forward Solar Roofing
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“The Global Solar Roofing
Market is expected to rise in the upcoming years and register a significant
CAGR during the forecast period. The solar roofing market is poised for
substantial growth, underpinned by the accelerating transition to renewable
energy, increasing emphasis on energy-efficient infrastructure, and favorable
regulatory incentives promoting sustainable development. With the expansion of
urbanization and smart city initiatives, integrated solar roofing solutions
that combine power generation with aesthetic design are gaining traction across
both residential and commercial sectors. Advancements in lightweight and
durable solar shingle technologies, coupled with rising consumer demand for
clean energy, are further enhancing market scalability. Additionally, emerging
regions such as Asia-Pacific, Latin America, and the Middle East present
lucrative opportunities driven by rising energy costs and growing investments
in green infrastructure. Therefore, the Market of Solar Roofing is expected to
boost in the upcoming years.,” said Mr. Karan Chechi, Research Director of
TechSci Research, a research-based global management consulting firm.
“Solar
Roofing Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented, By Product Type (Monocrystalline Solar Roof,
Polycrystalline Solar Roof, and Thin-Film Solar Roof), By Material Type
(Silicon-Based Materials, Thin-film Materials, and Building-Integrated
Photovoltaics (BIPV)), By Application (Residential, Commercial, and
Industrial), By Region, By Competition, 2020-2030F”, has evaluated the future growth
potential of Global Solar Roofing Market and provides statistics & information
on the Market size, structure, and future Market growth. The report intends to
provide cutting-edge Market intelligence and help decision-makers make sound
investment decisions., The report also identifies and analyzes the emerging
trends along with essential drivers, challenges, and opportunities in the
Global Solar Roofing Market.
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