all report title image

SOLAR SHINGLES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Solar Shingles Market, By Type (Silicon Solar Shingles, Copper – Indium – Gallium – Selenide (CIGS) Solar Shingles, and Others), By Technology (Monocrystalline, Polycrystalline, and Thin-Film), By End User (Residential, Commercial, and Industrial), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

  • Published In : Nov 2024
  • Code : CMI7552
  • Pages :120
  • Formats :
      Excel and PDF
  • Industry : Energy

Key Takeaways from Analyst

Rooftop solar is gaining popularity among homeowners as it provides an aesthetic alternative to traditional solar panels. Solar shingles resemble conventional roofing materials and can be incorporated directly into the roof, thereby increasing adoption. Another driver is that solar shingles qualify for tax credits and subsidies in many countries and states. This makes the overall system cost competitive with grid power prices in the long run.

Asia Pacific is currently the dominant region in this market owing to supportive renewable energy policies. However, North America is expected to be the fastest growing regional market. The U.S., in particular, offers a favorable regulatory environment for solar power at federal and state levels. Growing environmental consciousness and tax incentives will continue attracting more residential installations.

A key restraint is the higher upfront costs of solar shingles compared to traditional panels. Extensive research is being conducted to further bring down manufacturing expenses. Seasonal variations also reduce output during fall and winter months in regions with colder climate. Nonetheless, solar integrators are constantly developing new technologies to optimize performance throughout the year.

Need a Custom Report?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports

Customize Now
Logo

Credibility and Certifications

ESOMAR
DUNS Registered
Clutch
DMCA Protected

9001:2015

Credibility and Certifications

27001:2022

Credibility and Certifications

EXISTING CLIENTELE

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients
trusted clients logo
© 2024 Coherent Market Insights Pvt Ltd. All Rights Reserved.