The European rooftop solar panel market is estimated to grow modestly, at a CAGR of around 6.6%, during the forecast period. The growth of the European rooftop solar panel market is driven by the increasing investment in solar energy, coupled with a growing focus towards renewable energy sources within the region. Recent regulatory and economic developments in Europe have changed the perspective for solar energy and brought a positive impact on the market. As the economies of the European region focus on investing in research and development of energy from renewable resources, it is expected to significantly increase the opportunities for the growth of the market in the near future.

The EU is committed to reducing greenhouse gas emissions to 80%-95% below 1990 levels by 2050 in the context of necessary reductions by developed countries. According to the European Solar Energy Association’s (EWEA) new Central Scenario, around 300 TWh of solar energy capacity is projected to be installed in the EU by 2050. According to Solarpower Europe, the level of jobs in the solar sector has fallen from around 180,000 in 2008 to around 110,000 in 2014. Likewise, the Gross Value Added of the sector has fallen from around $12 billion to $7.2 billion in 2014. This situation is predicted to improve to nearly 140,000 jobs and almost $8.4 billion GVA by 2020. This signifies the positive prospects of the solar power industry in Europe over the coming decade.  

The companies which are contributing to the growth of the European rooftop solar panel market include AxSun Solar GmbH & Co. KG, Canadian Solar, Inc., Hanwha SolarOne Co. Ltd., SunPower Corp., Juwi Holding AG, 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. 

Research Methodology

The market study of the European rooftop solar panel market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, various services offered by the players, and market opportunity. The report will serve as a source for 360-degree analysis of the market delivering insights for making better business decisions.

Market Segmentation

1. European Rooftop Solar Panel Market Research and Analysis by Type
2. European Rooftop Solar Panel Market Research and Analysis by End-User

The Report Covers

• Comprehensive research methodology of the European rooftop solar panel market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the European rooftop solar panel market.
• Insights about market determinants which are stimulating the European rooftop solar panel market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.