Rooftop Solar PV Market Size (USD 105.45 BN) by 2034 By Types(On-Grid, Off-Grid) , Applications(Non-residential, Residential) and Regional Forecast to 2034

Rooftop Solar PV Size

The Global Rooftop Solar PV size was USD 67.2 Million in 2024 and is projected to touch USD 70.64 Million in 2025, USD 74.27 Million in 2026, and further reach USD 110.82 Million by 2034, exhibiting a CAGR of 5.13% during the forecast period [2025–2034]. Nearly 41% of installations stem from urban demand, while 33% are from commercial projects and 26% from rural electrification programs.

The US Rooftop Solar PV market demonstrates robust growth, with nearly 37% of households in suburban areas adopting solar. Around 29% of SMEs highlight energy savings through rooftop adoption, while 25% of industrial facilities focus on reducing dependence on conventional grids.

Key Findings

• Market Size: USD 67.2 Million (2024), USD 70.64 Million (2025), USD 110.82 Million (2034), CAGR 5.13% - Rooftop Solar PV is steadily expanding with strong adoption across applications and regions.
• Growth Drivers: 41% linked to sustainability targets, 36% driven by urban demand, 29% by industrial adoption, 27% by commercial cost optimization.
• Trends: 33% of rooftops use smart systems, 29% integrate bifacial technology, 25% focus on flexible modules, 22% deploy storage-linked solar.
• Key Players: Jinko Solar, Tata Power, Trina Solar, SunPower Corporation, Canadian Solar & more.
• Regional Insights: North America 31%, Europe 25%, Asia-Pacific 38%, Middle East & Africa 6% share, reflecting a balanced global market footprint.
• Challenges: 35% cite high installation costs, 29% face grid limitations, 23% lack financing solutions, 21% highlight skill shortages.
• Industry Impact: 38% reduced emissions, 32% improved energy independence, 27% enhanced resilience, 21% strengthened sustainability reporting.
• Recent Developments: 15% capacity expansion, 12% efficiency gains, 20% smart inverter rollouts, 18% urban solar projects, 16% policy-driven partnerships.

Rooftop Solar PV is transforming global energy landscapes by enabling decentralized, sustainable, and cost-efficient power generation, addressing environmental concerns and aligning with renewable energy policies worldwide.

Rooftop Solar PV Trends

The Rooftop Solar PV market is witnessing remarkable adoption as nearly 41% of installations are now concentrated in urban residential areas, driven by increasing household demand for clean energy. Around 36% of new capacity is supported by government-backed incentives and subsidies, while 33% stems from industrial and commercial sectors seeking to lower energy costs. Nearly 29% of businesses report a shift toward rooftop PV to meet sustainability goals, and 25% of small enterprises are leveraging rooftop solar for operational resilience. Additionally, 22% of installations are being integrated with smart energy management systems, ensuring improved efficiency and reduced carbon footprint across industries.

Rooftop Solar PV Dynamics

OPPORTUNITY

Expansion in decentralized energy adoption

Over 37% of energy transitions emphasize decentralized systems where Rooftop Solar PV holds a pivotal role. Nearly 32% of emerging economies prioritize rooftop systems to meet energy deficits, while 28% of local grids integrate rooftop solar to stabilize supply.

DRIVERS

Rising demand for renewable energy sources

Nearly 44% of consumers prioritize renewable energy adoption, with rooftop PV contributing significantly. About 38% of industrial buyers emphasize solar adoption for cost optimization, while 31% of households install rooftop PV to cut traditional energy bills.

RESTRAINTS

"High upfront installation costs"

Almost 35% of households hesitate to invest in rooftop solar PV due to high initial costs. Around 27% of small businesses cite financing gaps as a barrier, while 23% face difficulties in securing loans for installations.

CHALLENGE

"Grid integration and storage limitations"

Approximately 34% of utility providers identify storage constraints as a challenge in scaling rooftop solar PV. Around 29% highlight grid integration issues, while 26% of installers report delays due to regulatory complexities and infrastructure limitations.

Segmentation Analysis

The Global Rooftop Solar PV size was USD 67.2 Million in 2024 and is projected to touch USD 70.64 Million in 2025 to USD 110.82 Million by 2034, exhibiting a CAGR of 5.13% during the forecast period [2025–2034]. The segmentation analysis highlights growth across both On-Grid and Off-Grid categories as well as Residential and Non-residential applications. On-Grid Rooftop Solar PV accounted for the largest share in 2025, while Off-Grid systems continue to expand due to rural electrification programs. Residential applications represent a significant percentage, but non-residential installations are expanding rapidly, supported by commercial sustainability commitments.

By Type

On-Grid

On-Grid rooftop solar PV systems dominate the segment due to integration with local utilities. Around 43% of installations are connected directly to urban grids, while nearly 31% of commercial buildings use on-grid solutions for reliability and cost savings.

On-Grid Rooftop Solar PV held the largest share, accounting for USD 42.7 Million in 2025, representing 60.5% of the total market. This segment is expected to grow at a CAGR of 5.2% from 2025 to 2034, driven by policy incentives and smart grid deployment.

Major Dominant Countries in the On-Grid Segment

• USA led the On-Grid segment with a market size of USD 13.8 Million in 2025, holding a 32% share and expected to grow at a CAGR of 5.1% due to supportive solar programs and subsidies.
• Germany followed with USD 10.4 Million in 2025, representing a 24% share and projected to expand at 5.3% CAGR driven by strict emission reduction policies.
• China recorded USD 9.2 Million in 2025, capturing 22% share and expected to grow at 5.4% CAGR supported by large-scale adoption in industrial parks.

Off-Grid

Off-Grid rooftop solar PV solutions are growing steadily, particularly in rural and remote regions. Nearly 39% of off-grid systems support energy access in villages, while 27% are deployed for agricultural and small-scale industrial usage.

Off-Grid Rooftop Solar PV accounted for USD 27.9 Million in 2025, representing 39.5% of the total market. This segment is expected to grow at a CAGR of 5.0% from 2025 to 2034, driven by demand in remote electrification and standalone energy independence projects.

Major Dominant Countries in the Off-Grid Segment

• India led the Off-Grid segment with a market size of USD 8.7 Million in 2025, holding a 31% share and expected to grow at a CAGR of 5.3% due to rural electrification programs.
• Brazil followed with USD 7.2 Million in 2025, representing a 26% share and expected to grow at 5.1% CAGR driven by sustainable rural development initiatives.
• Africa (South Africa) captured USD 6.5 Million in 2025, holding a 23% share and expected to expand at a CAGR of 5.0% due to off-grid electrification demand.

By Application

Residential

Residential rooftop solar PV is rapidly expanding as homeowners increasingly prefer decentralized energy. Around 45% of new installations globally are in residential buildings, while 33% of suburban households cite energy savings as the main adoption driver.

Residential Rooftop Solar PV accounted for USD 38.6 Million in 2025, representing 54.7% of the total market. This segment is projected to grow at a CAGR of 5.2% from 2025 to 2034, driven by energy independence and household carbon reduction initiatives.

Top 3 Major Dominant Countries in the Residential Segment

• USA led the Residential segment with a market size of USD 12.7 Million in 2025, holding a 33% share and expected to grow at a CAGR of 5.2% driven by federal tax credits and incentives.
• Australia followed with USD 9.4 Million in 2025, representing a 24% share and expected to grow at 5.1% CAGR supported by high rooftop adoption rates.
• Japan recorded USD 8.1 Million in 2025, capturing a 21% share and projected to grow at 5.3% CAGR due to government-backed net-metering programs.

Non-Residential

Non-residential rooftop solar PV systems are gaining traction as industries and businesses push for sustainability. About 37% of new commercial rooftops integrate solar PV, and nearly 29% of educational institutions and hospitals leverage these systems for cost reduction.

Non-Residential Rooftop Solar PV accounted for USD 32.1 Million in 2025, representing 45.3% of the total market. This segment is anticipated to grow at a CAGR of 5.0% from 2025 to 2034, fueled by carbon neutrality commitments and corporate ESG goals.

Top 3 Major Dominant Countries in the Non-Residential Segment

• China led the Non-Residential segment with a market size of USD 11.5 Million in 2025, holding a 36% share and expected to grow at a CAGR of 5.1% driven by industrial deployment.
• Germany followed with USD 9.2 Million in 2025, representing a 28% share and projected to grow at 5.0% CAGR due to commercial energy transition mandates.
• UK recorded USD 7.6 Million in 2025, holding a 24% share and expected to expand at 5.2% CAGR supported by sustainability-driven construction projects.

Rooftop Solar PV Regional Outlook

The Global Rooftop Solar PV size was USD 67.2 Million in 2024 and is projected to touch USD 70.64 Million in 2025 to USD 110.82 Million by 2034, exhibiting a CAGR of 5.13% during the forecast period [2025–2034]. North America accounts for 32% share, Europe holds 28%, Asia-Pacific leads with 30%, and Middle East & Africa contributes 10%, representing a balanced global market distribution across developed and emerging economies.

North America

North America remains a strong market for Rooftop Solar PV, with nearly 36% of households now adopting solar installations. Around 29% of industrial buildings integrate rooftop PV to optimize costs, and 26% of SMEs highlight reduced operational expenses due to adoption.

North America held a market size of USD 21.89 Million in 2025, representing 31% of the total market. This region is expected to grow at a CAGR of 5.2% from 2025 to 2034, driven by tax credits, net metering policies, and increasing awareness of clean energy.

North America - Major Dominant Countries in the Rooftop Solar PV Market

• USA led North America with a market size of USD 12.3 Million in 2025, holding a 54% share due to robust policy incentives.
• Canada followed with USD 6.2 Million in 2025, representing 27% share supported by green energy subsidies and community solar initiatives.
• Mexico accounted for USD 4.1 Million in 2025, holding a 19% share driven by growing rooftop adoption in urban regions.

Europe

Europe continues to prioritize decarbonization, with rooftop solar contributing to 31% of distributed energy growth. Around 27% of installations are in residential buildings, and 25% of commercial properties have adopted rooftop PV for sustainability compliance.

Europe held a market size of USD 17.66 Million in 2025, representing 25% of the global market. This region is forecast to expand at a CAGR of 5.1% from 2025 to 2034, fueled by strong regulatory frameworks and emission-reduction targets.

Europe - Major Dominant Countries in the Rooftop Solar PV Market

• Germany led Europe with USD 9.2 Million in 2025, holding 46% share, driven by high residential adoption and feed-in tariffs.
• UK recorded USD 6.1 Million in 2025, capturing 31% share supported by commercial rooftop expansion.
• France stood at USD 4.5 Million in 2025, accounting for 23% share due to government-backed clean energy mandates.

Asia-Pacific

Asia-Pacific dominates Rooftop Solar PV adoption, holding 30% of the global share. Nearly 35% of installations come from industrial applications, while 28% are residential. Around 25% of small businesses in urban centers deploy rooftop PV for energy independence.

Asia-Pacific accounted for USD 26.84 Million in 2025, representing 38% of the total market. This region is anticipated to grow at a CAGR of 5.3% from 2025 to 2034, driven by rapid urbanization, government incentives, and expanding renewable energy targets.

Asia-Pacific - Major Dominant Countries in the Rooftop Solar PV Market

• China led with USD 10.6 Million in 2025, holding 50% share due to large-scale rooftop adoption in commercial zones.
• India followed with USD 6.4 Million in 2025, representing 30% share driven by rural electrification and subsidy programs.
• Japan accounted for USD 4.2 Million in 2025, holding 20% share supported by net-metering and strong residential adoption.

Middle East & Africa

Middle East & Africa is gradually expanding Rooftop Solar PV adoption, accounting for 10% of the global market. Around 33% of installations are in urban commercial buildings, 28% in residential rooftops, and 24% in institutional facilities like schools and hospitals.

Middle East & Africa recorded USD 4.23 Million in 2025, representing 6% share of the market. The region is set to grow at a CAGR of 5.0% from 2025 to 2034, supported by energy diversification goals and climate-resilient policies.

Middle East & Africa - Major Dominant Countries in the Rooftop Solar PV Market

• South Africa led with USD 3.2 Million in 2025, holding 45% share, driven by demand for independent energy generation.
• UAE followed with USD 2.1 Million in 2025, capturing 30% share supported by smart city and sustainability projects.
• Saudi Arabia accounted for USD 1.8 Million in 2025, representing 25% share with increased adoption in commercial and residential areas.

List of Key Rooftop Solar PV Companies Profiled

Investment Analysis and Opportunities in Rooftop Solar PV

Investments in Rooftop Solar PV are accelerating, with 39% directed toward urban installations and 34% toward hybrid solar-storage solutions. Around 29% of new investments emphasize residential adoption supported by subsidies, while 27% target corporate ESG commitments. Nearly 23% of funding prioritizes smart inverters and IoT-enabled solutions, boosting efficiency and monitoring. Additionally, 19% of capital inflows are allocated to emerging markets in Asia-Pacific and Africa, supporting electrification and sustainability initiatives. These investment opportunities highlight the rising confidence in decentralized power generation and the expanding global energy transition movement.

New Products Development

Innovation in Rooftop Solar PV is advancing rapidly, with 36% of new product launches focusing on higher efficiency modules. Nearly 29% of developments emphasize bifacial technology integration, while 25% target flexible and lightweight panel design. Around 23% of new launches highlight smart storage systems combined with rooftop solar, creating hybrid solutions for residential and commercial users. In addition, 21% of R&D efforts are focused on recycling-friendly modules, reflecting sustainable product lifecycles. These innovations ensure Rooftop Solar PV products meet the growing demand for cost-effective, durable, and environmentally sustainable solutions across industries.

Recent Developments

• Jinko Solar expansion: Expanded production capacity by 15%, introducing high-efficiency modules tailored for residential rooftops.
• Trina Solar innovation: Launched bifacial panels increasing energy yield by 12% in commercial buildings.
• Tata Power initiative: Installed rooftop projects covering 20% of newly constructed smart homes in urban India.
• Hanwha Q CELLS project: Partnered with regional governments to roll out rooftop solar in 18% of industrial zones.
• SunPower Corporation upgrade: Introduced smart inverter systems reducing power loss by 11% across distributed networks.

Report Coverage

The Rooftop Solar PV report provides comprehensive coverage of global market trends, dynamics, segmentation, and regional insights. Approximately 41% of the report emphasizes market drivers, including sustainability policies and consumer demand for renewable energy. Around 32% of content highlights opportunities from smart technology integration and energy decentralization. Nearly 28% focuses on restraints and challenges such as upfront costs and grid integration barriers. Segmentation includes On-Grid and Off-Grid systems as well as Residential and Non-Residential applications, with detailed share and CAGR projections. Regional analysis covers North America, Europe, Asia-Pacific, and Middle East & Africa, collectively accounting for 100% of the market. Company profiling showcases 11 key players with their market positions, and investment analysis highlights funding trends across residential, industrial, and emerging markets. The report also includes five major recent developments, reflecting industry innovation, and presents a balanced outlook for stakeholders in the Rooftop Solar PV sector.