North American Rooftop Solar Panel Market Size, Share & Forecast, 2019-2025

The North American rooftop solar panel market is estimated to grow significantly at a CAGR of around 7.3% during the forecast period. The growth of the regional market is backed by the rise in installations of rooftop solar panels within the regional countries, coupled with supportive government schemes. In the US there are numerous programs that are promoting the growth of the market. Solar power production incentive act 1990 is an amendment to the PURPA of 1978 and the Federal Power Act. The main purpose is to remove the size limitations placed on renewable energy facilities, such as solar and wind, in order to receive PURPA benefits. This will encourage the development of renewable energy production, thereby encouraging the installation of rooftop solar panels in the near future. 

Request a Free Report on Sample of North American Rooftop Solar Panel Market: https://www.omrglobal.com/request-sample/north-american-rooftop-solar-panel-market 

The US is expected to contribute significantly due to the rise in the adoption of solar panel technology so as to reduce electricity costs in Hospitals, industries, malls among various others. There are numerous projects which are being undertaken so as to promote the use of solar panels in the country. For instance, Biocomplexity Institute collaborated with the Sandia National Laboratory, National Rural Electric Cooperative Association (NRECA), and Arizona State University in 2016 for the development of solar panel technology which was funded by the government under the US Department of Energy’s SunShot Initiative. Moreover, Canada has its own government regulations that are responsible for the clean and eco-friendly environment. The Canadian government has various regulations and policies that are driving the growth of the solar panel market. 

A full report of North American Rooftop Solar Panel Marketavailable at: https://www.omrglobal.com/industry-reports/north-american-rooftop-solar-panel-market 

Company Profiles 

The companies which are contributing to the growth of the North American rooftop solar panel market include First Solar, Inc., SunPower Corp., Canadian Solar, Inc., Kyocera Corp., and Wuxi Suntech Power Co., Ltd. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. For instance, in 2018, Canadian Solar, Inc. acquired several domestic projects from Clean Guadalquivir K.K, Univergy 23 G.K, and Univergy 10 G.K. The acquisition of domestic projects will contribute in increase position of the company, hence will contribute in the overall rooftop solar panel market. 

North American Rooftop Solar Panel Market Segmentation 

By Type 
  •          Monocrystalline Solar Panel
  •          Polycrystalline Solar Panel
  •          Thin-Film Crystalline Solar Panel
  •          Other Solar Panels
 By End-User 
  •          Household Sector
  •          Corporate Sector 
Regional Analysis 
  •          United States
  •          Canada 
For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/north-american-rooftop-solar-panel-market

About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. 

For More Information, VisitOrion Market Research 

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 7803040404

Comments

Post a Comment

Popular posts from this blog

Information System Audit Services Market to Witness Robust Expansion by 2028

Information System Audit Services Market research report greatly helps to understand comprehensive profile of ideal customers. It also ascertains the market size for your business. Understanding of customers has great significance in the business expansion as it allows making right investment in the product development and launch. Making more informed decision is easy with this market research report. Identifying right business opportunities and maintaining customer-centric approach is easy with this market research report. It also enables to stay on the top of market trends and helps to reduce business risks. Information System Audit Services Market study report provides best solutions to deal with upcoming challenges. Market research serves as a valuable tool to stay up on current trends and know forthcoming competitive scenario for the estimation period 2022-2028. Get Sample Copy of this Report at   https://orionmarketreports.com/request-sample/?id=217315 Information System Audit Se
Read more

Impact of COVID-19 on Italy Ventilator Industry Share, Trends and Forecast to 2025

As the whole world is fighting against COVID-19, the demand for ventilators has emerged significantly in healthcare facilities. Ventilators are mechanical breathing devices that are used to blow oxygen and air into the lungs. These devices are important for delivering care to people suffering from lung failure, which is one of the complications among patients with severe COVID-19. Italy is among one of the nation’s requiring a significant number of ventilators amid COVID-19 to help patients breathe easier.  A full report description of  Impact of COVID-19 on Italy Ventilator Industry  https://www.omrglobal.com/industry-reports/impact-of-covid-19-on-italy-ventilator-industry   The global spread of coronavirus has put ventilator manufacturers under pressure to ramp up production. Due to the epidemic, the supply of essential components has disrupted, which include valves, hoses, and motors. In addition, most of the electronic products come from China which is further disrupting
Read more

North American Electric Vehicle Charger Market Growth, Size, Share, Industry Report and Forecast to 2019-2025

North American electric vehicle charger market is forecast to grow at a considerable growth rate over the forecast period, 2019-2025. Some of the major factors for the growth of the market include rising electric vehicle market, cohesive government regulations for electric vehicles & its charging infrastructure and significant investment from the government and private companies in developing charging infrastructure in the region. High average cost of the IC engine-based automobile is another major factor for the growth of the market. Some of the major electric vehicle companies working in the region include BMW AG, Audi AG, Ford Motors Co., Jaguar Land Rover, Tesla, Inc., Volkswagen AG and so on. The companies are expected to invest a considerable amount in developing charging infrastructure in the region. For instance, in May 2019 Volkswagen AG aims to develop 2,000 charging stations under its Electrify America program.   A full Report of North American Electric Vehicle Cha
Read more