The solar shingles are also known as solar roof tiles which are designed in such a way to integrate into a conventional asphalt roof of the commercial or residential buildings without losing its aesthetic roof. They are similar in size and typically less than an inch thick to resemble as traditional roof tiles.
The increase in efforts towards sustainable development in conjunction with investments toward the development of new manufacturing facilities will boost the global solar shingles market growth. Furthermore, rising levels of environmental pollution along with supportive regularity landscape towards utilization of renewable energy technologies will further enhance the growth of global solar shingles market. Moreover, the rise in awareness about the clean energy and solar products along with adding aesthetic looks to their buildings which are expected to support the market growth. In addition, growing consumer spending towards upgradation and retrofitting of residential establishments will drive the market growth.
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Huge installation cost and lower efficiency than the traditional solar panel is expected to hamper the global solar shingles market growth over the forecast period.
The research methodology applied and adopted for the study of the market involves capturing data on the revenue generated by the market players through various secondary sources. The sources include corporate filings, company websites, investor presentations, annual reports, paid databases, and others.
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The Global Solar shingles Market is segmented into type such as Silicon Photovoltaic, and CIGS Thin Film Photovoltaic. Global Solar shingles Market. Also, market is segmented five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in global solar shingles market report such as
- Tesla, Inc.,
- RGS Energy,
- Solarmass Energy Group, Ltd.,
- PV Evolution Labs,
- Luma Solar,
- Solar Power Pvt. Ltd., and
- FlexSol Solutions etc.
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