Residential Solar PV Market Analysis and Forecast to 2031:By Installation (Ground Mounted, Roof Mounted, Others), Grid Type (On-Grid, Off-Grid), Application (Residential, Non-Residential, Utilities), and Region

Solar PV, or photovoltaic, technology converts sunlight into electricity. Solar PV panels are made up of many solar cells that contain a silicon semiconductor. When sunlight hits the solar cells, electrons are knocked loose from the atoms in the silicon. The electrons flow through the solar cell to metal contacts that act as electrical conductors. This flow of electrons generates electricity.

Key Trends

The key trends in Residential Solar PV technology are:

1. Increasing Efficiency: Solar PV technology is becoming increasingly efficient, with modules now available that are capable of converting up to 22% of the energy they receive into electricity. This is up from around 15% just a few years ago.

2. Declining Costs: The cost of solar PV technology has declined significantly in recent years, making it more affordable for homeowners.

3. Improved Durability: Solar PV technology is becoming more durable, with modules now available that are designed to withstand extreme weather conditions and last for decades.

4. Increased Flexibility: Solar PV technology is becoming more flexible, with a variety of mounting options now available that allow for easy installation on a variety of roof types.

Key Drivers

There are a few key drivers for the growth of residential solar PV markets.

First, the cost of solar PV panels has fallen dramatically in recent years, making them more affordable for homeowners.

Second, many utilities are now offering solar PV rebates and other incentives to encourage customers to install solar PV systems.

And third, the increasing awareness of the environmental benefits of solar PV is motivating more people to switch to clean energy.

Restraints & Challenges

The key restraints on the residential solar PV market are the high up-front costs of solar PV systems, the lack of available financing, and the lack of awareness of solar PV technology. The challenges facing the residential solar PV market are the need to improve the efficiency of solar PV systems, to reduce the cost of solar PV systems, and to increase the availability of financing.

Market Segmentation

The Residential Solar PV market is segmented by installation, grid type, application and region. By installation, the market is divided into ground-mounted, roof-mounted and others. By grid type, the market is bifurcated into on-grid and off-gri. By application, the market is classified into residential, non-residential and utilities. By region, the market is segmented into North America, Europe, Asia-Pacific and rest of the world.

Key Players

The key players in the Residential Solar PV market are Tesla, SunPower Corporation, Sunrun, Trinity Solar Inc., Sungevity, Momentum Solar, Petersen Dean Inc., ACE Solar, Sunlux and Titan Solar Power.

Why GIS?

Table of Contents

Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Methodologies
1.4. Market Estimation Techniques

Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market

Chapter 3. Residential Solar PV Market Outlook
3.1. Residential Solar PV Market Segmentation
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s Five Forces Analysis
3.3.1. Threat of New Entrants
3.3.2. Threat of Substitutes
3.3.3. Bargaining Power of Buyers
3.3.4. Bargaining Power of Supplier
3.3.5. Competitive Rivalry
3.4. PESTLE Analysis
3.5. Value Chain Analysis
3.5.1. Raw Material Suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and/or Retailers
3.6. Impact of the Russia and Ukraine War on the Global Residential Solar PV Market

Chapter 4. Economic Impact of COVID-19
4.1. Overall Impact of COVID-19
4.2. Impact of COVID On the Global Residential Solar PV Market
4.3. Economic Impact Analysis

Chapter 5. Residential Solar PV Market By Installation
5.1. Market Overview
5.2. Ground Mounted
5.2.1. Market Size and Forecast, 2021-2031 ($Million)
5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.3. Roof Mounted
5.3.1. Market Size and Forecast, 2021-2031 ($Million)
5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.4. Others
5.4.1. Market Size and Forecast, 2021-2031 ($Million)
Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 6. Residential Solar PV Market by Grid-Type
6.1. Market Overview
6.2. On-Grid
6.2.1. Market Size and Forecast, 2021-2031 ($Million)
6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.3. Off-Grid
6.3.1. Market Size and Forecast, 2021-2031 ($Million)
6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 7. Residential Solar PV Market by Application
7.1. Market Overview
7.2. Residential
7.2.1. Market Size and Forecast, 2021-2031 ($Million)
7.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.3. Non-Residential
7.3.1. Market Size and Forecast, 2021-2031 ($Million)
7.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.4. Utilities
7.4.1. Market Size and Forecast, 2021-2031 ($Million)
7.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 8. Residential Solar PV Market, by Region
8.1. Overview
8.2. North America
8.2.1. Key Market Trends and Opportunities
8.2.2. North America Residential Solar PV Market Size and Forecast By Installation, 2021-2031, ($Million)
8.2.3. North America Residential Solar PV Market Size and Forecast by Grid-Type, 2021-2031, ($Million)
8.2.4. North America Residential Solar PV Market Size and Forecast by Application, 2021-2031, ($Million)
8.2.5. North America Residential Solar PV Market Size and Forecast by Country, 2021-2031, ($Million)
8.2.6. The U.S.
8.2.6.1. The U.S. Residential Solar PV Market Size and Forecast By Installation, 2021-2031, ($Million)
8.2.6.2. The U.S. Residential Solar PV Market Size and Forecast by Grid-Type, 2021-2031, ($Million)
8.2.6.3. The U.S. Residential Solar PV Market Size and Forecast by Application, 2021-2031, ($Million)

8.2.7. Canada
8.2.7.1. Canada Residential Solar PV Market Size and Forecast By Installation, 2021-2031, ($Million)
8.2.7.2. Canada Residential Solar PV Market Size and Forecast by Grid-Type, 2021-2031, ($Million)
8.2.7.3. Canada Residential Solar PV Market Size and Forecast by Application, 2021-2031, ($Million)

8.2.8. Mexico
8.2.8.1. Mexico Residential Solar PV Market Size and Forecast By Installation, 2021-2031, ($Million)
8.2.8.2. Mexico Residential Solar PV Market Size and Forecast by Grid-Type, 2021-2031, ($Million)
8.2.8.3. Mexico Residential Solar PV Market Size and Forecast by Application, 2021-2031, ($Million)

8.3. Europe
8.3.1. Key Market Trends and Opportunities
8.3.2. Europe Residential Solar PV Market Size and Forecast By Installation, 2021-2031, ($Million)
8.3.3. Europe Residential Solar PV Market Size and Forecast by Grid-Type, 2021-2031, ($Million)
8.3.4. Europe Residential Solar PV Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.5. Europe Residential Solar PV Market Size and Forecast by Country, 2021-2031, ($Million)
8.3.6. Germany
8.3.6.1. Germany Residential Solar PV Market Size and Forecast By Installation, 2021-2031, ($Million)
8.3.6.2. Germany Residential Solar PV Market Size and Forecast by Grid-Type, 2021-2031, ($Million)
8.3.6.3. Germany Residential Solar PV Market Size and Forecast by Application, 2021-2031, ($Million)

8.3.7. France
8.3.7.1. France Residential Solar PV Market Size and Forecast By Installation, 2021-2031, ($Million)
8.3.7.2. France Residential Solar PV Market Size and Forecast by Grid-Type, 2021-2031, ($Million)
8.3.7.3. France Residential Solar PV Market Size and Forecast by Application, 2021-2031, ($Million)

8.3.8. U.K.
8.3.8.1. U.K. Residential Solar PV Market Size and Forecast By Installation, 2021-2031, ($Million)
8.3.8.2. U.K. Residential Solar PV Market Size and Forecast by Grid-Type, 2021-2031, ($Million)
8.3.8.3. U.K. Residential Solar PV Market Size and Forecast by Application, 2021-2031, ($Million)

8.3.9. Spain
8.3.9.1. Spain Residential Solar PV Market Size and Forecast By Installation, 2021-2031, ($Million)
8.3.9.2. Spain Residential Solar PV Market Size and Forecast by Grid-Type, 2021-2031, ($Million)
8.3.9.3. Spain Residential Solar PV Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.10. Italy
8.3.10.1. Italy Residential Solar PV Market Size and Forecast By Installation, 2021-2031, ($Million)
8.3.10.2. Italy Residential Solar PV Market Size and Forecast by Grid-Type, 2021-2031, ($Million)
8.3.10.3. Italy Residential Solar PV Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.11. Rest of Europe
8.3.11.1. Rest of Europe Residential Solar PV Market Size and Forecast By Installation, 2021-2031, ($Million)
8.3.11.2. Rest of Europe Residential Solar PV Market Size and Forecast by Grid-Type, 2021-2031, ($Million)
8.3.11.3. Rest of Europe Residential Solar PV Market Size and Forecast by Application, 2021-2031, ($Million)

8.4. Asia-Pacific
8.4.1. Key Market Trends and Opportunities
8.4.2. Asia-Pacific Residential Solar PV Market Size and Forecast by Country, 2021-2031, ($Million)
8.4.3. Asia-Pacific Residential Solar PV Market Size and Forecast by Grid-Type, 2021-2031, ($Million)
8.4.4. Asia-Pacific Residential Solar PV Market Size and Forecast By Installation, 2021-2031, ($Million)
8.4.5. Asia-Pacific Residential Solar PV Market Size and Forecast by Application, 2021-2031, ($Million)
8.4.6. China
8.4.6.1. China Residential Solar PV Market Size and Forecast By Installation, 2021-2031, ($Million)
8.4.6.2. China Residential Solar PV Market Size and Forecast by Grid-Type, 2021-2031, ($Million)
8.4.6.3. China Residential Solar PV Market Size and Forecast by Application, 2021-2031, ($Million)

8.4.7. India
8.4.7.1. India Residential Solar PV Market Size and Forecast By Installation, 2021-2031, ($Million)
8.4.7.2. India Residential Solar PV Market Size and Forecast by Grid-Type, 2021-2031, ($Million)
8.4.7.3. India Residential Solar PV Market Size and Forecast by Application, 2021-2031, ($Million)

8.4.8. Japan
8.4.8.1. Japan Residential Solar PV Market Size and Forecast By Installation, 2021-2031, ($Million)
8.4.8.2. Japan Residential Solar PV Market Size and Forecast by Grid-Type, 2021-2031, ($Million)
8.4.8.3. Japan Residential Solar PV Market Size and Forecast by Application, 2021-2031, ($Million)
8.4.9. South Korea
8.4.9.1. South Korea Residential Solar PV Market Size and Forecast By Installation, 2021-2031, ($Million)
8.4.9.2. South Korea Residential Solar PV Market Size and Forecast by Grid-Type, 2021-2031, ($Million)
8.4.9.3. South Korea Residential Solar PV Market Size and Forecast by Application, 2021-2031, ($Million)

8.4.10. Rest of APAC
8.4.10.1. Rest of APAC Residential Solar PV Market Size and Forecast By Installation, 2021-2031, ($Million)
8.4.10.2. Rest of APAC Residential Solar PV Market Size and Forecast by Grid-Type, 2021-2031, ($Million)
8.4.10.3. Rest of APAC Residential Solar PV Market Size and Forecast by Application, 2021-2031, ($Million)

8.5. Rest of the World
8.5.1. Key Market Trends and Opportunities
8.5.2. Rest of the World Residential Solar PV Market Size and Forecast By Installation, 2021-2031, ($Million)
8.5.3. Rest of the World Residential Solar PV Market Size and Forecast by Grid-Type, 2021-2031, ($Million)
8.5.4. Rest of the World Residential Solar PV Market Size and Forecast by Application, 2021-2031, ($Million)
8.5.5. Rest of the World Residential Solar PV Market Size and Forecast by Country, 2021-2031, ($Million)
8.5.6. Latin America
8.5.6.1. Latin America Residential Solar PV Market Size and Forecast By Installation, 2021-2031, ($Million)
8.5.6.2. Latin America Residential Solar PV Market Size and Forecast by Grid-Type, 2021-2031, ($Million)
8.5.6.3. Latin America Residential Solar PV Market Size and Forecast by Application, 2021-2031, ($Million)
8.5.7. Middle East
8.5.7.1. Middle East Residential Solar PV Market Size and Forecast By Installation, 2021-2031, ($Million)
8.5.7.2. Middle East Residential Solar PV Market Size and Forecast by Grid-Type, 2021-2031, ($Million)
8.5.7.3. Middle East Residential Solar PV Market Size and Forecast by Application, 2021-2031, ($Million)

8.5.8. Africa
8.5.8.1. Africa Residential Solar PV Market Size and Forecast By Installation, 2021-2031, ($Million)
8.5.8.2. Africa Residential Solar PV Market Size and Forecast by Grid-Type, 2021-2031, ($Million)
8.5.8.3. Africa Residential Solar PV Market Size and Forecast by Application, 2021-2031, ($Million)
8.5.9. Rest of LAMEA
8.5.9.1. Rest of LAMEA Residential Solar PV Market Size and Forecast By Installation, 2021-2031, ($Million)
8.5.9.2. Rest of LAMEA Residential Solar PV Market Size and Forecast by Grid-Type, 2021-2031, ($Million)
8.5.9.3. Rest of LAMEA Residential Solar PV Market Size and Forecast by Application, 2021-2031, ($Million)

Chapter 9. Competitive Landscape
9.1. Market Overview
9.2. Market Share Analysis/Key Player Positioning
9.3. Developmental Strategy Benchmarking
9.3.1. New Product Development
9.3.2. Product Launches
9.3.3. Business Expansions
9.3.4. Partnerships, Joint Ventures, and Collaborations
9.3.5. Mergers and Acquisitions

Chapter 10. Company Profiles
10.1. Tesla
10.1.1. Company Snapshot
10.1.2. Financial Performance
10.1.3. Product Offerings
10.1.4. Key Strategic Initiatives
10.1.5. SWOT Analysis
10.2. SunPower Corporation
10.2.1. Company Snapshot
10.2.2. Financial Performance
10.2.3. Product Offerings
10.2.4. Key Strategic Initiatives
10.2.5. SWOT Analysis
10.3. Sunrun
10.3.1. Company Snapshot
10.3.2. Financial Performance
10.3.3. Product Offerings
10.3.4. Key Strategic Initiatives
10.3.5. SWOT Analysis
10.4. Trinity Solar Inc.
10.4.1. Company Snapshot
10.4.2. Financial Performance
10.4.3. Product Offerings
10.4.4. Key Strategic Initiatives
10.4.5. SWOT Analysis
10.5. Sungevity
10.5.1. Company Snapshot
10.5.2. Financial Performance
10.5.3. Product Offerings
10.5.4. Key Strategic Initiatives
10.5.5. SWOT Analysis
10.6. Momentum Solar
10.6.1. Company Snapshot
10.6.2. Financial Performance
10.6.3. Product Offerings
10.6.4. Key Strategic Initiatives
10.6.5. SWOT Analysis
10.7. Petersen Dean Inc.
10.7.1. Company Snapshot
10.7.2. Financial Performance
10.7.3. Product Offerings
10.7.4. Key Strategic Initiatives
10.7.5. SWOT Analysis
10.8. ACE Solar
10.8.1. Company Snapshot
10.8.2. Financial Performance
10.8.3. Product Offerings
10.8.4. Key Strategic Initiatives
10.8.5. SWOT Analysis
10.9. Sunlux
10.9.1. Company Snapshot
10.9.2. Financial Performance
10.9.3. Product Offerings
10.9.4. Key Strategic Initiatives
10.9.5. SWOT Analysis
10.10. Titan Solar Power
10.10.1. Company Snapshot
10.10.2. Financial Performance
10.10.3. Product Offerings
10.10.4. Key Strategic Initiatives
10.10.5. SWOT Analysis

*The list of company is subject to change during the final compilation of the report

 

 

Key Players
  • Tesla
  • SunPower Corporation
  • Sunrun
  • Trinity Solar Inc.
  • Sungevity
  • Momentum Solar
  • Petersen Dean Inc.
  • ACE Solar
  • Sunlux
  • Titan Solar Power
Market Segmentation

By Installation

  • Ground Mounted
  • Roof Mounted
  • Others

By Grid Type

  • On-Grid
  • Off-Grid

By Application

  • Residential
  • Non-Residential
  • Utilities

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • The Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa

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