Showing posts with the label global solar rooftop market size

Global Solar Rooftop Market : Industry Report by Knowledge Sourcing Intelligence

The Global solar rooftop market is projected to grow at a CAGR of 18.36% during the forecast period, to reach a market size of US$100.246 billion by 2024, from US$36.458 billion in 2018. This growth is driven by the widespread adoption of renewable energy for power generation in which solar energy plays a vital role. Furthermore, the increasing deployment of the bi-directional metering system along with remote monitoring systems for solar rooftop generation is significantly increasing the efficiency of the distributed generation. In addition, the increasing prices of utilities are further anticipated to increase the adoption of rooftop solar in the residential sector. Increasing Prices Of Utilities The global solar rooftop market is expected to have a substantial growth on account of the increasing prices of utilities worldwide. The growing demand for electricity due to rapid urbanization and industrialization in major emerging economies is further driving the demand for elec