Rooftop Solar PV Market Size and Outlook 2031

Report Description

Forecast Period	2027-2031
Market Size (2025)	USD 108.15 Billion
CAGR (2026-2031)	16.62%
Fastest Growing Segment	Commercial
Largest Market	Asia Pacific
Market Size (2031)	USD 272.06 Billion

Market Overview

The Global Rooftop Solar PV Market will grow from USD 108.15 Billion in 2025 to USD 272.06 Billion by 2031 at a 16.62% CAGR. Rooftop solar photovoltaic systems entail the installation of solar panels on the roof structures of residential, commercial, or industrial buildings to generate electricity directly at the point of consumption. The primary drivers fueling this market include the rising cost of conventional grid electricity, an increasing global focus on energy security, and supportive government policies that offer financial incentives for renewable adoption. These economic and regulatory factors encourage property owners to invest in decentralized energy generation to reduce operational expenses and carbon footprints. According to the International Energy Agency, in 2023, distributed solar PV applications utilizing rooftop systems across residential and commercial sectors contributed 42 percent to total global solar photovoltaic capacity additions.

However, a significant challenge hindering broader market expansion is the technical limitation of existing electrical infrastructure. Many legacy power grids were designed solely for unidirectional power flow and struggle to accommodate the bidirectional energy exchange required when numerous rooftop systems export excess power simultaneously. This grid congestion often leads to interconnection delays or strict capacity limits in mature markets, which can discourage potential adopters and stall project implementation.

Key Market Drivers

Implementation of supportive regulatory frameworks and financial incentives serves as the primary catalyst for the Global Rooftop Solar PV Market. Governments worldwide are aggressively deploying net-metering schemes, tax credits, and feed-in tariffs to meet decarbonization mandates, thereby de-risking investments for property owners. This policy-driven momentum is particularly evident in major economies where state directives directly accelerate deployment. According to the International Energy Agency Photovoltaic Power Systems Programme, April 2024, in the 'Snapshot of Global PV Markets 2024', China's installation of a record 235 GW of new capacity in 2023 was largely fueled by such proactive development policies, accounting for over 60 percent of global additions.

Simultaneously, the declining costs of photovoltaic components and system installation have significantly democratized access to solar technology. Improvements in manufacturing economies of scale and supply chain stabilization have led to a sharp reduction in equipment prices, shortening the payback period for residential and commercial adopters. According to the National Renewable Energy Laboratory, June 2024, in the 'Spring 2024 Solar Industry Update', the average price of solar modules in the United States decreased by 22 percent year-over-year in the fourth quarter of 2023, reaching $0.31 per watt. This improved affordability fosters a favorable environment for market growth, contributing to a landscape where, according to SolarPower Europe, in 2024, the global solar fleet is on track to exceed 2 Terawatts of operating capacity.

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Key Market Challenges

The technical limitation of existing electrical infrastructure represents a critical impediment to the growth of the global rooftop solar PV market. Most legacy power grids operate on a unidirectional model intended to deliver electricity from central plants to consumers, rendering them ill-equipped to manage the bidirectional energy flow generated by distributed rooftop systems. As the density of these installations increases, grid operators frequently face congestion issues that necessitate the imposition of stringent capacity caps or significant delays in interconnection approvals. These technical constraints create a volatile environment for property owners and developers, often leading to project cancellations and financial uncertainty.

The magnitude of this infrastructure bottleneck is evident in recent industry data. According to the International Energy Agency, in 2024, approximately 3,000 gigawatts of renewable energy capacity were waiting in grid connection queues globally. This substantial backlog illustrates how the pace of grid modernization poses a direct drag on market adoption, preventing the rooftop solar sector from realizing its full deployment potential despite favorable economic drivers.

Key Market Trends

The Integration of Hybrid Solar-Plus-Storage Systems represents a fundamental shift in the market dynamics, moving the sector beyond simple grid-tied generation toward comprehensive energy management solutions. As feed-in tariffs decline and grid reliability concerns intensify, property owners are increasingly pairing photovoltaic modules with intelligent battery units to maximize self-consumption and ensure power resilience. This transition transforms the rooftop sector from a passive energy source into a dispatchable asset class capable of operating independently during outages, effectively insulating users from utility volatility. According to the Clean Energy Council, March 2025, in the 'Rooftop Solar and Storage Report', 28.4 percent of new rooftop solar installations in 2024 included a battery storage system, highlighting the rapid acceleration of this attachment trend.

Simultaneously, the Emergence of Virtual Power Plants (VPPs) Aggregating Distributed Assets is reshaping how rooftop installations interact with the wider utility network. By leveraging cloud-based software to bundle thousands of small-scale solar and storage systems, aggregators can provide critical grid services such as peak shaving and frequency regulation, creating new revenue streams for asset owners. This model addresses grid congestion challenges by orchestrating exports and turning individual prosumers into active participants in grid stability. According to the Smart Electric Power Alliance, February 2025, in the '50 States of Virtual Power Plants and Supporting Distributed Energy Resources' report, 38 states implemented new policies or regulatory actions to advance virtual power plant deployment in 2024, signaling a robust regulatory pivot toward this decentralized architecture.

Segmental Insights

The Commercial segment is projected to register the fastest growth in the Global Rooftop Solar PV Market, driven by increasing regulatory mandates and corporate sustainability strategies. Businesses are prioritizing onsite power generation to mitigate rising electricity tariffs and achieve operational cost reductions. This expansion is significantly catalyzed by policy frameworks such as the European Commission’s REPowerEU plan, which enforces solar deployment timelines for commercial buildings ahead of the residential sector. Furthermore, the imperative to meet environmental, social, and governance (ESG) goals is compelling enterprises to utilize available roof space for efficient, large-scale renewable energy production.

Regional Insights

Asia Pacific holds the leading position in the global rooftop solar PV market, primarily due to rising energy consumption and strong legislative support. Nations such as China and India drive this growth through initiatives overseen by regulatory bodies like the National Energy Administration and the Ministry of New and Renewable Energy. The region benefits from extensive manufacturing infrastructure, which reduces component costs and facilitates widespread deployment. Furthermore, rapid industrialization and urbanization continue to incentivize the adoption of distributed solar solutions across residential and commercial sectors.

Recent Developments

In November 2025, TCL SunPower Global announced a strategic distribution partnership with Failte Solar to expand its presence in the United Kingdom and Ireland. This collaboration focused on distributing high-efficiency solar modules and integrated energy solutions across both residential and commercial rooftop segments. The agreement appointed the distributor as the exclusive partner for specific product lines in Ireland, aiming to leverage local market expertise to accelerate the adoption of advanced solar technologies. The company stated that this alliance would combine global innovation with robust local execution to meet the increasing demand for sustainable energy solutions in these dynamic European rooftop solar markets.
In November 2024, TotalEnergies ENEOS successfully completed a significant rooftop solar photovoltaic project in collaboration with PT. Perusahaan Industri Ceres, a prominent chocolate confectionery producer in Indonesia. The installation involved deploying over 3,700 modules with a total capacity of 2.2 megawatt-peak on the partner's manufacturing facility. This system was projected to generate approximately 3,250 megawatt-hours of renewable electricity annually, covering a portion of the factory's energy needs. The collaboration was structured so that the energy provider funded and operated the system, allowing the manufacturer to access clean energy for their industrial rooftop without upfront capital investment.
In October 2024, JinkoSolar announced the launch of its next-generation N-type TOPCon solar panels, known as the Tiger Neo 3.0 series. This new product line featured a residential module with a power output of 495 watts, which was marketed as the industry's most powerful option for home rooftop systems at the time. The panels utilized advanced cell technology to achieve a power conversion efficiency of up to 24.8%. The company highlighted that these modules were designed to maximize energy production and offer improved performance under various lighting conditions, specifically targeting the growing global demand for high-efficiency rooftop solar solutions.
In June 2024, Enphase Energy unveiled a suite of new products tailored for the European market during the Intersolar Europe conference in Munich. The launch included the company's most powerful battery system to date, designed to support high-power appliances during outages, and a new generation of microinverters engineered for high-output solar modules. These innovations were specifically aimed at enhancing energy efficiency and reliability for residential and commercial rooftop solar installations. The company emphasized that these solutions would support the region's transition to sustainable energy by offering advanced home energy management capabilities and seamless integration with existing rooftop infrastructure.

Key Market Players

Tata Power Solar Systems Limited
Amplus Energy Solutions Pvt. Ltd.
CleanMax Enviro Energy Solutions Pvt. Ltd.
SunSource Energy
Momentum Solar LLC
Canadian Solar Inc,
SunPower Corporation
Sharp Corporation
Wuxi Suntech Power Co., Ltd.
KYOCERA Corporation

By Deployment	By Technology	By Grid Type	By End-User	By Region
Ground Mounted and Rooftop Mounted	Thin Film and Crystalline Silicon	Off-Grid and Grid-connected	Residential Commercial Industrial	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Rooftop Solar PV Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Rooftop Solar PV Market, By Deployment:

Ground Mounted and Rooftop Mounted

Rooftop Solar PV Market, By Technology:

Thin Film and Crystalline Silicon

Rooftop Solar PV Market, By Grid Type:

Off-Grid and Grid-connected

Rooftop Solar PV Market, By End-User:

Residential
Commercial
Industrial

Rooftop Solar PV Market, By Region:

North America

United States
Canada
Mexico

Europe

France
United Kingdom
Italy
Germany
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

South America

Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Rooftop Solar PV Market.

Available Customizations:

Global Rooftop Solar PV Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Rooftop Solar PV Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Rooftop Solar PV Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Deployment (Ground Mounted and Rooftop Mounted)

5.2.2. By Technology (Thin Film and Crystalline Silicon)

5.2.3. By Grid Type (Off-Grid and Grid-connected)

5.2.4. By End-User (Residential, Commercial, Industrial)

5.2.5. By Region

5.2.6. By Company (2025)

5.3. Market Map

6. North America Rooftop Solar PV Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Deployment

6.2.2. By Technology

6.2.3. By Grid Type

6.2.4. By End-User

6.2.5. By Country

6.3. North America: Country Analysis

6.3.1. United States Rooftop Solar PV Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Deployment

6.3.1.2.2. By Technology

6.3.1.2.3. By Grid Type

6.3.1.2.4. By End-User

6.3.2. Canada Rooftop Solar PV Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Deployment

6.3.2.2.2. By Technology

6.3.2.2.3. By Grid Type

6.3.2.2.4. By End-User

6.3.3. Mexico Rooftop Solar PV Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Deployment

6.3.3.2.2. By Technology

6.3.3.2.3. By Grid Type

6.3.3.2.4. By End-User

7. Europe Rooftop Solar PV Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Deployment

7.2.2. By Technology

7.2.3. By Grid Type

7.2.4. By End-User

7.2.5. By Country

7.3. Europe: Country Analysis

7.3.1. Germany Rooftop Solar PV Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Deployment

7.3.1.2.2. By Technology

7.3.1.2.3. By Grid Type

7.3.1.2.4. By End-User

7.3.2. France Rooftop Solar PV Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Deployment

7.3.2.2.2. By Technology

7.3.2.2.3. By Grid Type

7.3.2.2.4. By End-User

7.3.3. United Kingdom Rooftop Solar PV Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Deployment

7.3.3.2.2. By Technology

7.3.3.2.3. By Grid Type

7.3.3.2.4. By End-User

7.3.4. Italy Rooftop Solar PV Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Deployment

7.3.4.2.2. By Technology

7.3.4.2.3. By Grid Type

7.3.4.2.4. By End-User

7.3.5. Spain Rooftop Solar PV Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Deployment

7.3.5.2.2. By Technology

7.3.5.2.3. By Grid Type

7.3.5.2.4. By End-User

8. Asia Pacific Rooftop Solar PV Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Deployment

8.2.2. By Technology

8.2.3. By Grid Type

8.2.4. By End-User

8.2.5. By Country

8.3. Asia Pacific: Country Analysis

8.3.1. China Rooftop Solar PV Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Deployment

8.3.1.2.2. By Technology

8.3.1.2.3. By Grid Type

8.3.1.2.4. By End-User

8.3.2. India Rooftop Solar PV Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Deployment

8.3.2.2.2. By Technology

8.3.2.2.3. By Grid Type

8.3.2.2.4. By End-User

8.3.3. Japan Rooftop Solar PV Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Deployment

8.3.3.2.2. By Technology

8.3.3.2.3. By Grid Type

8.3.3.2.4. By End-User

8.3.4. South Korea Rooftop Solar PV Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Deployment

8.3.4.2.2. By Technology

8.3.4.2.3. By Grid Type

8.3.4.2.4. By End-User

8.3.5. Australia Rooftop Solar PV Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Deployment

8.3.5.2.2. By Technology

8.3.5.2.3. By Grid Type

8.3.5.2.4. By End-User

9. Middle East & Africa Rooftop Solar PV Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Deployment

9.2.2. By Technology

9.2.3. By Grid Type

9.2.4. By End-User

9.2.5. By Country

9.3. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia Rooftop Solar PV Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Deployment

9.3.1.2.2. By Technology

9.3.1.2.3. By Grid Type

9.3.1.2.4. By End-User

9.3.2. UAE Rooftop Solar PV Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Deployment

9.3.2.2.2. By Technology

9.3.2.2.3. By Grid Type

9.3.2.2.4. By End-User

9.3.3. South Africa Rooftop Solar PV Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Deployment

9.3.3.2.2. By Technology

9.3.3.2.3. By Grid Type

9.3.3.2.4. By End-User

10. South America Rooftop Solar PV Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Deployment

10.2.2. By Technology

10.2.3. By Grid Type

10.2.4. By End-User

10.2.5. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Rooftop Solar PV Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Deployment

10.3.1.2.2. By Technology

10.3.1.2.3. By Grid Type

10.3.1.2.4. By End-User

10.3.2. Colombia Rooftop Solar PV Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Deployment

10.3.2.2.2. By Technology

10.3.2.2.3. By Grid Type

10.3.2.2.4. By End-User

10.3.3. Argentina Rooftop Solar PV Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Deployment

10.3.3.2.2. By Technology

10.3.3.2.3. By Grid Type

10.3.3.2.4. By End-User

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)

12.2. Product Launches (If Any)

12.3. Recent Developments

13. Global Rooftop Solar PV Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Tata Power Solar Systems Limited

15.1.1. Business Overview

15.1.2. Products & Services

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. SWOT Analysis

15.2. Amplus Energy Solutions Pvt. Ltd.

15.3. CleanMax Enviro Energy Solutions Pvt. Ltd.

15.4. SunSource Energy

15.5. Momentum Solar LLC

15.6. Canadian Solar Inc,

15.7. SunPower Corporation

15.8. Sharp Corporation

15.9. Wuxi Suntech Power Co., Ltd.

15.10. KYOCERA Corporation

16. Strategic Recommendations

17. About Us & Disclaimer

Report Description

Table of content

Figures and Tables

Frequently asked questions

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