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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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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- Market Coverage
- Market number available for – 2019-2025
- Base year- 2019
- Forecast period- 2020-2025
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
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
Company Profiles
- Chiltern Solar Ltd.
- Custom Solar Ltd.
- First Solar, Inc.
- Joju Solar
- Juwi Holding AG
- Mypower
- Naked Solar Ltd.
- Solarsense UK Ltd.
- SunPower Corp.
- UK Solar Power Ltd.
The Report Covers
- Comprehensive research methodology of the UK 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 UK rooftop solar panel market.
- Insights about market determinants which are stimulating the UK rooftop solar panel market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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