Market research firm Research and Markets has projected a 4.8% CAGR growth for the global solar shingles market through 2028. The projections are based on its 2022 valuation of USD 375.8 million. Fueled by the desire for clean energy solutions that complement architectural aesthetics, silicon and CIGS thin-film, solar shingles offer sleek designs, durability, rain protection, and significant energy cost savings. These features make them a popular choice for various residential applications. The demand for solar shingles is rising due to urbanization, technology innovations etc. However, addressing challenges like cost and installation complexity is crucial for sustained growth, reduced pollution, and improved energy security.
Global solar shingles market to grow 4.8% CAGR through 2028: Research and Markets
The rise in solar shingles demand, fueled by a 4.8% CAGR, reflects a preference for eco-friendly energy integration. Their appeal in residential use lies in sleek designs, durability, and cost savings (Image credit: Pexels)
Seven manufacturers to exceed 100 GW production capacity by 2027, reports Wood Mackenzie. (Image Credit: Wood Mackenzie)
South Carolina currently has 108 solar farms with a combined capacity of 1,503 MW, generating 159,167 MWh annually. (Image Credit: SOLARbytes)
JinkoSolar’s N-type TOPCon solar module has attained 25.42% conversion efficiency. (Image Credit: JinkoSolar)
ISO 37301 certification reflects Trina Solar’s commitment to ethical business practices and regulatory compliance. (Image Credit: Trina Solar)