Residential Solar PV Market Report 2031 by Segments, Geography, Dynamics, Recent Developments, and Strategic Insights
Coverage: Residential Solar PV Market covers analysis by PV Type (Monocrystalline Silicon, Polycrystalline Silicon, Thin Film); Fit Type (Retrofit, New Construction) , and Geography (North America, Europe, Asia Pacific, and South and Central America)
- Report Date : Oct 2025
- Report Code : TIPRE00029559
- Category : Energy and Power
- Status : Upcoming
- Available Report Formats :
- No. of Pages : 150
The Residential Solar PV Market is expected to register a CAGR of XX% from 2025 to 2031, with a market size expanding from US$ XX Million in 2024 to US$ XX Million by 2031.
The report is categorized by PV Type (Monocrystalline Silicon, Polycrystalline Silicon, Thin Film) and further analyzes the market based on Fit Type (Retrofit, New Construction). A comprehensive breakdown is provided at global, regional, and country levels for each of these key segments.
The report includes market size and forecasts across all segments, presenting values in USD. It also delivers key statistics on the current market status of leading players, along with insights into prevailing market trends and emerging opportunities.
The report Residential Solar PV Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Residential Solar PV Market Segmentation
PV Type- Monocrystalline Silicon
- Polycrystalline Silicon
- Thin Film
- Retrofit
- New Construction
Strategic Insights
Residential Solar PV Market Growth Drivers- Empowering Homeowners with Affordable Solar Solutions
- Harnessing Government Incentives for Sustainable Energy
- Innovative Technology Driving Solar Efficiency and Savings
- Residential Solar PV Adoption Surges as Homeowners Seek Energy Independence
- Smart Home Integration Boosts Solar Efficiency and User Experience
- Community Solar Initiatives Empower Neighborhoods to Go Green Together
- Empowering Homeowners: Affordable Solar Solutions for Every Budget
- Harnessing the Sun: Innovative Financing for Residential Solar Installations
- Sustainable Living: Eco-Friendly Solar Options for Modern Homes
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Residential Solar PV Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Residential Solar PV Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Residential Solar PV Market - By PV Type
1.3.2 Residential Solar PV Market - By Fit Type
1.3.3 Residential Solar PV Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. RESIDENTIAL SOLAR PV MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. RESIDENTIAL SOLAR PV MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. RESIDENTIAL SOLAR PV MARKET - GLOBAL MARKET ANALYSIS
6.1. RESIDENTIAL SOLAR PV - GLOBAL MARKET OVERVIEW
6.2. RESIDENTIAL SOLAR PV - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. RESIDENTIAL SOLAR PV MARKET - REVENUE AND FORECASTS TO 2028 - PV TYPE
7.1. OVERVIEW
7.2. PV TYPE MARKET FORECASTS AND ANALYSIS
7.3. MONOCRYSTALLINE SILICON
7.3.1. Overview
7.3.2. Monocrystalline Silicon Market Forecast and Analysis
7.4. POLYCRYSTALLINE SILICON
7.4.1. Overview
7.4.2. Polycrystalline Silicon Market Forecast and Analysis
7.5. THIN FILM
7.5.1. Overview
7.5.2. Thin Film Market Forecast and Analysis
8. RESIDENTIAL SOLAR PV MARKET - REVENUE AND FORECASTS TO 2028 - FIT TYPE
8.1. OVERVIEW
8.2. FIT TYPE MARKET FORECASTS AND ANALYSIS
8.3. RETROFIT
8.3.1. Overview
8.3.2. Retrofit Market Forecast and Analysis
8.4. NEW CONSTRUCTION
8.4.1. Overview
8.4.2. New Construction Market Forecast and Analysis
9. RESIDENTIAL SOLAR PV MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Residential Solar PV Market Overview
9.1.2 North America Residential Solar PV Market Forecasts and Analysis
9.1.3 North America Residential Solar PV Market Forecasts and Analysis - By PV Type
9.1.4 North America Residential Solar PV Market Forecasts and Analysis - By Fit Type
9.1.5 North America Residential Solar PV Market Forecasts and Analysis - By Countries
9.1.5.1 United States Residential Solar PV Market
9.1.5.1.1 United States Residential Solar PV Market by PV Type
9.1.5.1.2 United States Residential Solar PV Market by Fit Type
9.1.5.2 Canada Residential Solar PV Market
9.1.5.2.1 Canada Residential Solar PV Market by PV Type
9.1.5.2.2 Canada Residential Solar PV Market by Fit Type
9.1.5.3 Mexico Residential Solar PV Market
9.1.5.3.1 Mexico Residential Solar PV Market by PV Type
9.1.5.3.2 Mexico Residential Solar PV Market by Fit Type
9.2. EUROPE
9.2.1 Europe Residential Solar PV Market Overview
9.2.2 Europe Residential Solar PV Market Forecasts and Analysis
9.2.3 Europe Residential Solar PV Market Forecasts and Analysis - By PV Type
9.2.4 Europe Residential Solar PV Market Forecasts and Analysis - By Fit Type
9.2.5 Europe Residential Solar PV Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Residential Solar PV Market
9.2.5.1.1 Germany Residential Solar PV Market by PV Type
9.2.5.1.2 Germany Residential Solar PV Market by Fit Type
9.2.5.2 France Residential Solar PV Market
9.2.5.2.1 France Residential Solar PV Market by PV Type
9.2.5.2.2 France Residential Solar PV Market by Fit Type
9.2.5.3 Italy Residential Solar PV Market
9.2.5.3.1 Italy Residential Solar PV Market by PV Type
9.2.5.3.2 Italy Residential Solar PV Market by Fit Type
9.2.5.4 United Kingdom Residential Solar PV Market
9.2.5.4.1 United Kingdom Residential Solar PV Market by PV Type
9.2.5.4.2 United Kingdom Residential Solar PV Market by Fit Type
9.2.5.5 Russia Residential Solar PV Market
9.2.5.5.1 Russia Residential Solar PV Market by PV Type
9.2.5.5.2 Russia Residential Solar PV Market by Fit Type
9.2.5.6 Rest of Europe Residential Solar PV Market
9.2.5.6.1 Rest of Europe Residential Solar PV Market by PV Type
9.2.5.6.2 Rest of Europe Residential Solar PV Market by Fit Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Residential Solar PV Market Overview
9.3.2 Asia-Pacific Residential Solar PV Market Forecasts and Analysis
9.3.3 Asia-Pacific Residential Solar PV Market Forecasts and Analysis - By PV Type
9.3.4 Asia-Pacific Residential Solar PV Market Forecasts and Analysis - By Fit Type
9.3.5 Asia-Pacific Residential Solar PV Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Residential Solar PV Market
9.3.5.1.1 Australia Residential Solar PV Market by PV Type
9.3.5.1.2 Australia Residential Solar PV Market by Fit Type
9.3.5.2 China Residential Solar PV Market
9.3.5.2.1 China Residential Solar PV Market by PV Type
9.3.5.2.2 China Residential Solar PV Market by Fit Type
9.3.5.3 India Residential Solar PV Market
9.3.5.3.1 India Residential Solar PV Market by PV Type
9.3.5.3.2 India Residential Solar PV Market by Fit Type
9.3.5.4 Japan Residential Solar PV Market
9.3.5.4.1 Japan Residential Solar PV Market by PV Type
9.3.5.4.2 Japan Residential Solar PV Market by Fit Type
9.3.5.5 South Korea Residential Solar PV Market
9.3.5.5.1 South Korea Residential Solar PV Market by PV Type
9.3.5.5.2 South Korea Residential Solar PV Market by Fit Type
9.3.5.6 Rest of Asia-Pacific Residential Solar PV Market
9.3.5.6.1 Rest of Asia-Pacific Residential Solar PV Market by PV Type
9.3.5.6.2 Rest of Asia-Pacific Residential Solar PV Market by Fit Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Residential Solar PV Market Overview
9.4.2 Middle East and Africa Residential Solar PV Market Forecasts and Analysis
9.4.3 Middle East and Africa Residential Solar PV Market Forecasts and Analysis - By PV Type
9.4.4 Middle East and Africa Residential Solar PV Market Forecasts and Analysis - By Fit Type
9.4.5 Middle East and Africa Residential Solar PV Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Residential Solar PV Market
9.4.5.1.1 South Africa Residential Solar PV Market by PV Type
9.4.5.1.2 South Africa Residential Solar PV Market by Fit Type
9.4.5.2 Saudi Arabia Residential Solar PV Market
9.4.5.2.1 Saudi Arabia Residential Solar PV Market by PV Type
9.4.5.2.2 Saudi Arabia Residential Solar PV Market by Fit Type
9.4.5.3 U.A.E Residential Solar PV Market
9.4.5.3.1 U.A.E Residential Solar PV Market by PV Type
9.4.5.3.2 U.A.E Residential Solar PV Market by Fit Type
9.4.5.4 Rest of Middle East and Africa Residential Solar PV Market
9.4.5.4.1 Rest of Middle East and Africa Residential Solar PV Market by PV Type
9.4.5.4.2 Rest of Middle East and Africa Residential Solar PV Market by Fit Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Residential Solar PV Market Overview
9.5.2 South and Central America Residential Solar PV Market Forecasts and Analysis
9.5.3 South and Central America Residential Solar PV Market Forecasts and Analysis - By PV Type
9.5.4 South and Central America Residential Solar PV Market Forecasts and Analysis - By Fit Type
9.5.5 South and Central America Residential Solar PV Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Residential Solar PV Market
9.5.5.1.1 Brazil Residential Solar PV Market by PV Type
9.5.5.1.2 Brazil Residential Solar PV Market by Fit Type
9.5.5.2 Argentina Residential Solar PV Market
9.5.5.2.1 Argentina Residential Solar PV Market by PV Type
9.5.5.2.2 Argentina Residential Solar PV Market by Fit Type
9.5.5.3 Rest of South and Central America Residential Solar PV Market
9.5.5.3.1 Rest of South and Central America Residential Solar PV Market by PV Type
9.5.5.3.2 Rest of South and Central America Residential Solar PV Market by Fit Type
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. RESIDENTIAL SOLAR PV MARKET, KEY COMPANY PROFILES
11.1. TESLA
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. SUNPOWER CORPORATION
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. SUNRUN
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. TRINITY SOLAR INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. SUNGEVITY
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MOMENTUM SOLAR
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. PETERSEN DEAN INC
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. ACE SOLAR
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SUNLUX
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TITAN SOLAR POWER
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List Of Companies
- Tesla
- SunPower Corporation
- Sunrun
- Trinity Solar Inc.
- Sungevity
- Momentum Solar
- Petersen Dean Inc
- ACE Solar
- Sunlux
- Titan Solar Power
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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