Dublin, April 10, 2023 (GLOBE NEWSWIRE) -- The "Solar Shingles Market By Type, By Roofing Type, By End User: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
The global solar shingle market was valued at $326.2 million in 2021, and is projected to reach $555.2 million by 2031, growing at a CAGR of 5.5% from 2022 to 2031.
Solar shingles, also known as photovoltaic shingles, are solar panels created to mimic the appearance and functionality of common roofing materials, including asphalt shingles or slate, and to generate electricity at the same time. Solar shingle is a type of solar energy solution known as building-integrated photovoltaics (BIPV).
Solar shingles come in a variety of shapes and sizes, including solid panels that are the size of shingles, semi-rigid designs with multiple silicon solar cells that are sized more like conventional shingles, and more recent systems using various thin-film solar cell technologies that are comparable to conventional shingles in terms of both size and flexibility.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investments.
In addition, it includes Porter's five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. The report features Strategies adopted by key market players to maintain their foothold in the market.
Furthermore, it highlights the competitive landscape of key players to increase their market share and sustain intense competition in the industry.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the solar shingles market analysis from 2021 to 2031 to identify the prevailing solar shingles market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the solar shingles market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global solar shingles market trends, key players, market segments, application areas, and market growth Strategies.
Key Market Segments
By Type
- Silicon Solar Shingles
- Copper - Indium - Gallium - Selenide (CIGS) Solar Shingles
By Roofing Type
- New Roofing
- Reroofing
By End User
- Residential
- Commercial
- Industrial
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 204 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value (USD) in 2021 | $326.2 million |
| Forecasted Market Value (USD) by 2031 | $555.2 million |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
Market Dynamics
Drivers
- Favorable regulatory environment and efforts towards sustainable development
- Technological advancements
Restraints
- High installation cost
Opportunities
- Upgradation in technology
Key Market Players
- Canadian Solar
- Ertex Solar
- FlexSol Solutions B.V.
- SunTegra Solar
- Sunflare
- tesla
- PV Technical Services Inc.
- Ergosun
- CertainTeed
- Anu Solar Power Pvt Ltd
For more information about this report visit https://www.researchandmarkets.com/r/u7301o
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