Rooftop Solar Photovoltaic Market has been valued US$ 76.80 billion in the year 2021 and it is estimated to reach US$ 132.15 billion by the year 2027, with a CAGR of 8.2% from 2022 to 2027. Rooftop Solar Photovoltaic is a photovoltaic (PV) system that has its electricity-generating solar panels mounted on the rooftop of a residential or commercial building or structure ; these are the main factors that have considerably increased the demand for the Rooftop Solar Photovoltaic in the market, thereby driving the huge growth of the Rooftop Solar Photovoltaic market in the upcoming years

Market Drivers and Restrains:

The main factors that have considerably increased the demand for the Rooftop Solar Photovoltaic in the market is mainly due to the Growing demand for rooftop solar photovoltaic systems in residential buildings to save a specific share of cost sustained on electrical energy, the demand for which is on a high with technological developments to improve the living standard of the people by offering different electrical power consuming home appliances. A rooftop solar photovoltaic installation is a type of electrical installation setup, mounted on the roof that converts solar energy into electricity. Rooftop solar PV systems are distributed power generation system that help in meeting the energy demand of buildings within an existing distribution network. The size of the installation is dependent upon the size of the building and can vary dramatically; these are the main factors that have considerably increased the demand for the Rooftop Solar Photovoltaic in the market, thereby driving the huge growth of the Rooftop Solar Photovoltaic market in the upcoming years

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Report is segmented as:

Rooftop Solar Photovoltaic Market is segmented on the basis of by :

By Technology (Thin Film and Crystalline Silicon),

By Grid-Type (Connected Grid and Outside Grid),

By End Use (Domestic and Commercial)

Geographical Segmentation:

Rooftop Solar Photovoltaic Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa and rest of world. North America has the dominant share in the Rooftop Solar Photovoltaic is due to the Rise in the disposal income these are the main factors that have considerably increased the demand for the Rooftop Solar Photovoltaic in the North America, followed by Europe, Asia Pacific, Latin America and Middle East & Africa will register a slower increase in the Rooftop Solar Photovoltaic Market

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Impact of COVID-19 on Market

Covid -19 pandemic has created huge losses in every sector across the world, and temporary lack of growth in export and import activities, which has impacted the raise of Rooftop Solar Photovoltaic market growth. Due to covid-19 many companies has shut down and stopped their production and has decreased the availability of Rooftop Solar Photovoltaic. Due to the government restrictions like lockdown in many countries has stopped the production of products by the manufacturing companies. In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of corona virus are expecting to raise the Rooftop Solar Photovoltaic market growth.

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