Solar Rooftop Market
A solar rooftop transforms the light energy from the sun into electrical energy with the help of solar panels mounted on the roof on any construction. These rooftop solar panels can either be off-grid with the battery storage or connected to the grid.
A solar rooftop transforms the light energy from the sun into electrical energy with the help of solar panels mounted on the roof on any construction. These rooftop solar panels can either be off-grid with the battery storage or connected to the grid.
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Description – <strong>Solar</strong> <strong>Rooftop</strong> <strong>Market</strong><br />
In 2012, the solar rooftop market was valued around USD 1.48 billion<br />
and is anticipated to reach approximately USD 4.14 billion by 2022,<br />
while registering at a significant compound annual growth rate (CAGR)<br />
of 9.70% during the forecast period. A solar rooftop transforms the light<br />
energy from the sun into electrical energy with the help of solar panels<br />
mounted on the roof on any construction. These rooftop solar panels<br />
can either be off-grid with the battery storage or connected to the grid.<br />
They are used in several commercial, residential and industrial<br />
purposes along with system ratings of up to 10 kW, 11kW-100MW and<br />
over 100 MW, respectively. The extreme need for energy in the face of<br />
diminishing fossil fuels, has resulted in application of solar rooftop<br />
panels in many segments. Apart from rendering energy efficient<br />
solutions, these solar panels are also easy and user-friendly to install. In<br />
the recent past, the demand for solar rooftops is has progressively<br />
increased and is projected to grow with a striking profit.<br />
Source : Crystal <strong>Market</strong> Research
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