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On Grid Residential Solar PV Module Market Share

Report ID: GMI11462
Published Date: Sep 2024
Report Format: PDF

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On Grid Residential Solar PV Module Market Share

On Grid Residential Solar PV Module Company Market Share

The on grid residential solar PV module industry is highly competitive with a mix of global and regional players. The industry is shaped by key players that dominate the sector through innovation, price competitiveness, regional presence, and technological advancements. Collaborations between fuel cell companies and energy providers are also prevalent, aiming to integrate fuel cells into renewable energy grids. Some companies are further offering smart solar systems, which include advanced monitoring and control solutions that help homeowners optimize energy usage. This further adds value and helps differentiate high-end solar products in the market.

On Grid Residential Solar PV Module Market Companies

Eminent players operating in the on grid residential solar PV module industry are:

CHINT Group
Canadian Solar
First Solar
Indosolar
JA SOLAR Technology
JinkoSolar
LG Electronics
LONGi
Motech Industries
RISEN ENERGY
RENESOLA
Shunfeng International Clean Energy
SOLAR FRONTIER
SunPower Corporation
The Solaria Corporation
Trina Solar
Vikram Solar
Yingli Solar

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of on grid residential solar PV module market size was worth over USD 58.1 billion in 2023 and is anticipated to grow at a CAGR of 4.7% through 2032, owing to the presence of higher-efficiency modules that allow homeowners to generate more electricity from the same roof space.

Rooftop segment is anticipated to cross more than USD 78 billion by 2032, due to the policies that allow homeowners to sell excess electricity back to the grid can improve the financial viability of rooftop solar systems by providing additional income or credits.

Asia Pacific on grid residential solar PV module market is set to reach more than USD 39.5 billion by 2032, driven by technological advancements, favorable policies, and growing electricity prices.

CHINT Group, Canadian Solar, First Solar, Indosolar, JA SOLAR Technology, and JinkoSolar among others.