Solar Shingles Market, By Type (Silicon Solar Shingles, Copper Indium Gallium Selenide Solar Shingles, and Others), By Technology, By End User, By Geography

Description

The global solar shingles market is estimated to be valued at USD 370.5 Mn in 2024 and is expected to reach USD 540.3 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 370.5 Mn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	5.50%	2031 Value Projection:	US$ 540.3 Mn

Figure. Solar Shingles Market Share (%), By Region 2024

Solar shingles are roofing shingles or tiles that have integrated solar panels, allowing a building's roof to generate electricity while retaining the appearance of conventional asphalt shingles. They help homeowners generate renewable energy while maintaining an aesthetically pleasing roofing system. Rising environmental concerns and growing adoption of green building technologies have driven the demand for solar shingles worldwide. Additionally, significant declines in the prices of solar panels and supportive government policies offering subsidies and tax rebates on solar roof installations are propelling the market growth. However, lack of consumer awareness and high upfront costs associated with solar shingles installation are some of the factors restricting the global solar shingles market to some extent.

Market Dynamics

The global solar shingles market is driven by various factors such as growing awareness about green technologies, climate change, and carbon emissions reduction. Rising energy costs coupled with incentives and tax credits by governments worldwide are encouraging residential and commercial consumers to switch towards renewable energy sources like solar power. Growing adoption of green building standards like LEED is also accelerating the demand for solar shingles. However, high initial costs of purchase and installation as compared to traditional roofing systems is a major challenge for market players to address. Lack of consumer education about payback periods and long-term benefits of solar shingles poses a threat as well. Ongoing improvements in module efficiency and declining prices of materials are expected to create new growth opportunities. Market players are focusing on bringing technological advancements to make solar shingles more appealing from an aesthetic and economic standpoint.

Key Features of the Study

This report provides in-depth analysis of the global solar shingles market, and provides market size (USD Mn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global solar shingles market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Tesla, Inc., CertainTeed Corporation, GAF Energy, SunTegra, LG Electronics, Dow Chemical Company, SolteQ Europe B.V., Owens Corning, SunPower Corporation, Renusol, BIPVCo, Sika AG, Canadian Solar Inc., Trina Solar Limited, and JinkoSolar Holding Co., Ltd.

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global solar shingles market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global solar shingles market

Market Segmentation

By Type Insights (Revenue, USD Mn, 2019 - 2031)
- Silicon Solar Shingles
- Copper - Indium - Gallium - Selenide (CIGS) Solar Shingles
- Others
By Technology Insights (Revenue, USD Mn, 2019 - 2031)
- Monocrystalline
- Polycrystalline
- Thin-Film
By End User Insights (Revenue, USD Mn, 2019 - 2031)
- Residential
- Commercial
- Industrial
Regional Insights (Revenue, USD, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- Tesla, Inc.
- CertainTeed Corporation
- GAF Energy
- SunTegra
- LG Electronics
- Dow Chemical Company
- SolteQ Europe B.V.
- Owens Corning
- SunPower Corporation
- Renusol
- BIPVCo
- Sika AG
- Canadian Solar Inc.
- Trina Solar Limited
- JinkoSolar Holding Co., Ltd.

Product Code: CMI7552

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Global Solar Shingles Market, By Type
- Global Solar Shingles Market, By Technology
- Global Solar Shingles Market, By End User
- Global Solar Shingles Market, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trend

4. Global Solar Shingles Market, By Type, 2019-2031, (USD Mn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Silicon Solar Shingles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Copper - Indium - Gallium - Selenide (CIGS) Solar Shingles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)

5. Global Solar Shingles Market, By Technology, 2019-2031, (USD Mn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Monocrystalline
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Polycrystalline
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Thin-Film
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)

6. Global Solar Shingles Market, By End User, 2019-2031, (USD Mn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Residential
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Commercial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Industrial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)

7. Global Solar Shingles Market, By Region, 2019 - 2031, Value (USD Mn)

Introduction
- Market Share (%) Analysis, 2024, 2027 & 2031, Value (USD Mn)
- Market Y-o-Y Growth Analysis (%), 2020 - 2031, Value (USD Mn)
- Regional Trends
North America
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country/Region, 2019 - 2031, Value (USD Mn)
  - South Africa
  - North Africa
  - Central Africa

8. Competitive Landscape

Tesla, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
CertainTeed Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
GAF Energy
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
SunTegra
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
LG Electronics
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Dow Chemical Company
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
SolteQ Europe B.V.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Owens Corning
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
SunPower Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Renusol
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
BIPVCo
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Sika AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Canadian Solar Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Trina Solar Limited
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
JinkoSolar Holding Co., Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. References and Research Methodology

References
Research Methodology
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