The global rooftop solar photovoltaic (PV) module market is experiencing significant growth, driven by the increasing demand for renewable energy solutions and advancements in solar technology. A notable segment within this market is lightweight rooftop solar PV modules, which offer unique advantages for various applications.
According to BISResearch, the global lightweight rooftop solar PV market will reach 4,582.2 MW by 2034 from 3,297.5 MW in 2024 growing at a CAGR of 3.34% in the forecasted period of 2024-2034.
What is driving the growth of the lightweight rooftop solar PV market?
-
The growing emphasis on renewable energy targets and sustainability is driving the adoption of lightweight rooftop solar PV systems.
-
Governments and organizations worldwide are enforcing ambitious renewable energy policies and sustainability goals to cut carbon emissions and shift to cleaner energy sources.
-
Lightweight solar panels provide a viable option for buildings with structural load constraints, enabling more structures to meet sustainability requirements without extensive renovations.
-
This push for renewable energy adoption while minimizing environmental impact is fueling demand for efficient, easy-to-install solar PV systems in industrial and commercial buildings.
Rigid Segment to Dominate the Lightweight Rooftop Solar PV Market
The commercial and industrial (C&I) sector leads the lightweight rooftop solar PV market, driven by businesses seeking to lower energy expenses and achieve sustainability goals. Rigid, lightweight solar panels dominate this space, offering an optimal mix of durability, efficiency, and affordability compared to flexible alternatives. Additionally, the building-integrated photovoltaics (BIPV) segment is experiencing rapid growth, especially in urban areas, where incorporating solar technology into building materials enhances both functionality and aesthetics.
Which regions are leading in the adoption of lightweight rooftop solar PV systems?
Europe dominates the lightweight rooftop solar PV market, driven by strong policies, sustainability goals, and high adoption in industrial and commercial sectors. Germany, France, and the Netherlands lead with incentives like feed-in tariffs and subsidies. North America, especially the U.S., follows with financial support such as the ITC under the IRA. Meanwhile, Asia-Pacific, led by China, Japan, and India, is growing rapidly due to industrialization and rising energy demand.
Request A Detailed Sample on the Lightweight Rooftop Solar PV Market!
What are the emerging opportunities in the lightweight rooftop solar PV market?
-
Off-grid & Mobile Demand – Rising need for portable, flexible, and reliable energy solutions is creating strong opportunities in off-grid living, mobile homes, boats, and remote areas where traditional panels are impractical.
-
Market Expansion – Lightweight rooftop solar PV enables penetration into new markets such as rural communities, mobile applications, and disaster relief operations, supporting sustainable and autonomous energy adoption.
-
Industry Innovation – Leading players like FlexSolar are developing advanced flexible and durable panels tailored for portable use, showcasing innovation and commercial potential in mobile and off-grid applications.
Technological Advancements
Lightweight solar panels, particularly those utilizing thin-film technology, have emerged as a viable alternative to traditional crystalline silicon panels. Thin-film solar cells are made using materials like amorphous silicon, cadmium telluride, and copper indium gallium selenide, allowing for lighter and more flexible panels. These characteristics make them suitable for applications where traditional panels may be impractical, such as on rooftops with limited load-bearing capacity or unconventional shapes.
Who are the major players in the lightweight rooftop solar PV market?
Private Equity Investments:
-
Enfinity Global
-
Actis
-
True Green Capital (TGC)
-
CleanChoice Energy
-
Premier Energies
Startups and Funded Companies:
-
HELIUP (France)
-
SolarSquare Energy (India)
-
5B Holdings Pty Ltd (Australia)
-
SmartHelio (Switzerland)
-
ZOLAR GmbH (Germany)
-
Raptor Maps, Inc. (U.S.)
-
Solfácil (Brazil)
-
Elephant Energy (U.S.)
Get More Insights on the Advanced Materials, Chemicals & Fuel Market
Conclusion
The lightweight rooftop solar PV market is poised for substantial growth, driven by sustainability goals, technological advancements, and expanding applications in industrial, commercial, and off-grid sectors. With increasing government incentives and demand for flexible energy solutions, lightweight solar panels offer a viable alternative for various structures. As innovation continues, manufacturers have a significant opportunity to tap into emerging markets, making solar energy more accessible, efficient, and adaptable to diverse energy needs.
About BIS Research
BIS Research is a global market intelligence firm delivering insights on emerging technologies and high-growth industries. We help businesses stay ahead with in-depth reports, custom research, and go-to-market strategies tailored to your goals.
Explore our Custom Research and Go-To-Market Strategy services.
Media Contact
Company Name: BIS Research
Contact Person: Bhavya Banga
Email: Send Email
Phone: 5104048135
Address:BIS Research Inc. 39111 PASEO PADRE PKWY STE 313, FREMONT CA 94538-1686
City: Fremont
State: CA
Country: United States
Website: https://bisresearch.com/industry-report/lightweight-rooftop-solar-pv-market.html
