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The collaboration between manufacturers, installers, financiers, regulators, and advocacy groups is crucial for driving the adoption and success of solar PV systems in residential markets. As technology advances and costs continue to fall, this ecosystem is expected to grow even stronger, facilitating greater adoption of clean, renewable energy worldwide.
Eminent players operating in the Asia Pacific residential solar PV industry are:
Asia Pacific market for residential solar PV was reached USD 19.49 billion in 2023 and is anticipated to grow at 3.4% CAGR up to 2032, driven by technological advancements.
The rooftop mounted segment of the Asia Pacific residential solar PV market is anticipated to cross more than USD 22.41 billion by 2032, driven by growing development of various projects along with significant government fundings.
China residential solar PV market size is set to exceed USD 19.02 billion by 2032, driven by rapid expansion of rooftop solar capacity.
Canadian Solar, CsunSolarTech, EMMVEE SOLAR, JA SOLAR Technology Co., Ltd, Jinko Solar, and Solar Technologies, Ltd. among others.