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FAQs 6
Will China dominate the Asia-Pacific rooftop solar market?
China is expected to dominate in the Asia-Pacific rooftop solar market over the forecast period due to the constantly increasing power demand in the country and the target for increasing renewable energy share in the power mix. This section covers the major market trends shaping the APAC Rooftop Solar Market according to our research experts:
What is the outlook for Asia-Pacific rooftop solar market?
The Asia-Pacific rooftop solar market is expected to grow at a CAGR of more than 16% over the forecast period. The market was negatively impacted by COVID-19 in 2020. Presently the market has now reached pre-pandemic levels.
Who are the key players in the Asia-Pacific rooftop solar market?
The Asia-Pacific rooftop solar market is fragmented. Some of the primary critical players in the market include (in no particular order) JA Solar Holdings Co., Ltd., JinkoSolar Holding Co., Ltd., Suntech Power Holdings Co., Ltd., Yingli Green Energy Holding Co., Ltd., and Canadian Solar Inc. Need More Details on Market Players and Competitors?
Why is rooftop solar PV gaining popularity in Asia-Pacific?
The rooftop solar PV market is one of the fastest-growing clean energy technologies in Asia-Pacific commercial and industrial segments. The increasing popularity is due to the increasing government supports in incentives and financial assistance like tax benefit for installation.
How will distributed solar power generation Impact Asia-Pacific rooftop solar market?
Moreover, the increasing popularity of distributed solar power generation in terms of economic benefits and ability to provide constant energy, which eliminates equipment damage due to voltage fluctuations in the conventional power grid, is expected to create significant opportunities for the Asia-pacific rooftop solar market.
Are rooftop solar panels cost-effective in Thailand?
These developments have led to a continuous decline in solar panel prices, making rooftop solar installations increasingly cost-effective. In Thailand, the solar rooftop market is also gaining significant attention and experiencing rapid growth, with promising potential for the future.
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