UK Rooftop Solar Panel Market Size, Share & Trends Analysis Report by Type (Monocrystalline Solar Panel, Polycrystalline Solar Panel, Thin-Film Solar Panel, and Other Solar Panels) and by End-User (Household Sector and Corporate Sector) and Forecast, 2019-2025. UK rooftop solar panel market is estimated to grow considerably at a CAGR of around 7.8% during the forecast period.
UK rooftop solar panel market is estimated to grow considerably at a CAGR of around 7.8% during the forecast period. UK is one of the key economies in the European region.
According to The Solar Trade Association (STA), the installation of solar panels in the country has been tumbling in 2017. The STA reported that it was particularly concerned by a 65% drop in the number of large-scale solar schemes on hospitals, factories, and other large buildings, which may well, have been caused by the business rate increase.
Between January and March, there were about 650 rooftop deployments a week - a fall of more than 75% on the long-term average of 2,700, a week since 2010.
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The companies which are contributing to the growth of UK rooftop solar panel market include First Solar, Inc., Juwi Holding AG, SunPower Corp., Solarsense UK Ltd., and Joju Solar.
In 2010, the introduction of the feed-in-tariff contributes to the rapid growth of the photovoltaic market, with many thousands of domestic installations along with numerous commercial, community and industrial projects. Solar power use has increased very rapidly in recent years due to a reduction in the cost of PV panels, and the introduction of a FIT subsidy in April 2010.
In 2012, the government announced that four million homes across the UK will be powered by the solar panels within eight years. The UK government expects Britain to contribute to total power generation by 22 GW of installed solar power capacity by 2020.
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The rooftop solar panel market is segmented on the basis of solar panel types and end-user. Based on solar panel types, the market is segmented into monocrystalline silicon rooftop solar panel, polycrystalline silicon rooftop solar panel, thin-film rooftop solar panel, and others.
Among these, the polycrystalline silicon rooftop solar panel contributes a significant share in the market, attributed to its advantages over other solar panels such as cost-effective and better efficiency. Based on end-user, the market is segmented into the household sector and the corporate sector.
The corporate sector held a substantial share in the market in 2018. This is due to the high installation of rooftop solar panels in the corporate sector consisting of government projects and industrial general electricity applications.
UK Rooftop Solar Panel Market Segmentation
UK Rooftop Solar Panel Market by Type
- Monocrystalline Solar Panel
- Polycrystalline Solar Panel
- Thin-Film Crystalline Solar Panel
- Amorphous Silicon (a-Si)
- Cadmium Telluride (CdTe)
- Copper Indium Gallium Selenide (CIS/CIGS)
- Other Solar Panels
UK Rooftop Solar Panel Market by End-User
- Household Sector
- Corporate Sector
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