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Asia Pacific Solar Shingles Market Size study, by Type (Silicon Solar Shingles, Copper – Indium – Gallium – Selenide (CIGS) Solar Shingles, Others), by Roofing Type (New Roofing, Reroofing) by End User (Residential, Commercial, Industrial) and Country Forecasts 2022-2032

June 2024 | 200 pages | ID: A1579436DA76EN
Bizwit Research & Consulting LLP

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Asia Pacific Solar Shingles Market is valued approximately USD 127.09 million in 2023 and is anticipated to grow with a healthy growth rate of more than 8.05% over the forecast period 2024-2032. Solar shingles are specialized solar panels meticulously crafted to seamlessly blend into traditional asphalt roofing found on residential or commercial structures, preserving their aesthetic appeal. These innovative panels are installed akin to standard asphalt roofing, serving the dual purpose of safeguarding against rainfall while harnessing solar energy. Characterized by their slim profile, typically less than an inch thick, and smaller dimensions resembling conventional roof tiles, solar shingles discreetly integrate into existing roof designs. The key advantage of solar shingles lies in their ability to impart a contemporary aesthetic to conventional solar panels while augmenting energy generation to curtail utility expenses. As energy demand continues to rise in the Asia Pacific region, there is a growing focus on energy independence and resilience. Solar shingles offer homeowners and businesses the opportunity to generate their own clean electricity, reducing reliance on the grid and mitigating energy security concerns is gaining attraction in Asia Pacific Solar Shingles Market.


The Asia Pacific Solar Shingles Market is driven by rapid urbanization and increasing construction activity in countries such as China, India, and Japan are fueling the demand for sustainable building solutions. Solar shingles, with their ability to seamlessly integrate into conventional roofing while generating clean energy, are becoming increasingly popular in both residential and commercial sectors. Secondly, supportive government policies and incentives aimed at promoting renewable energy adoption are propelling market growth. Subsidies, tax credits, and feed-in tariffs encourage investments in solar power systems, including solar shingles, making them more accessible and affordable to consumers. Moreover, technological advancements and innovations in solar shingle design and manufacturing are enhancing their efficiency, durability, and aesthetics, further driving market demand. Additionally, increasing environmental awareness and concerns about climate change are prompting consumers to seek eco-friendly and sustainable alternatives. Solar shingles offer a practical solution for reducing carbon footprints and mitigating environmental impact while providing energy savings. However, high upfront cost of solar shingles installation and rising adoption of traditional solar panels is going to impede the overall demand for the market during the forecast period 2024-2032.

The key Countries considered for the Asia Pacific Solar Shingles market study includes China, India, Japan, South Korea, Australia and Rest of Asia Pacific. In 2023, Japan was the largest regional market in terms of revenue owing to factors such as commitment to renewable energy and sustainability, driven by concerns over energy security and environmental pollution. The government has implemented supportive policies and incentives, such as feed-in tariffs and subsidies, to promote the adoption of solar energy, including solar shingles. These initiatives have created a favorable investment climate for solar power systems, making Japan a lucrative market for solar shingle manufacturers and developers. Additionally, Japan's dense urban population and limited space for ground-mounted solar installations have spurred interest in building-integrated photovoltaic (BIPV) solutions such as solar shingles. With its advanced technological capabilities and high-quality manufacturing standards, Japan has become a hub for innovation in solar technology, driving the development of efficient and aesthetically pleasing solar shingles across the region. Furthermore, the market in India, on the other hand, is expected to develop at the fastest rate over the forecast period 2024-2032.

Major market player included in this report are:
Panasonic Corporation
Sharp Corporation
Kyocera Corporation
Hanwha Q CELLS Co., Ltd.
Trina Solar Limited
JinkoSolar Holding Co., Ltd.
JA Solar Holdings Co., Ltd.
Company 8
Company 9
Company 10

The detailed segments and sub-segment of the market are explained below:


By Type
Silicon Solar Shingles
Copper – Indium – Gallium – Selenide (CIGS) Solar Shingles
Others

By Roofing Type:
New Roofing
Reroofing

By End User:
Residential
Commercial
Industrial?
By Region:
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032

Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and country level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market
CHAPTER 1. ASIA PACIFIC SOLAR SHINGLES MARKET DEFINITION AND RESEARCH ASSUMPTIONS

1.1. Research Objective
1.2. Market Definition
1.3. Research Assumptions
  1.3.1. Inclusion & Exclusion
  1.3.2. Limitations
  1.3.3. Supply Side Analysis
    1.3.3.1. Availability
    1.3.3.2. Infrastructure
    1.3.3.3. Regulatory Environment
    1.3.3.4. Market Competition
    1.3.3.5. Economic Viability (Consumer’s Perspective)
  1.3.4. Demand Side Analysis
    1.3.4.1. Regulatory frameworks
    1.3.4.2. Technological Advancements
    1.3.4.3. Environmental Considerations
    1.3.4.4. Consumer Awareness & Acceptance
1.4. Estimation Methodology
1.5. Years Considered for the Study
1.6. Currency Conversion Rates

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Asia Pacific Solar Shingles Market Size & Forecast (2022- 2032)
2.2. Regional Summary
2.3. Segmental Summary
  2.3.1. By Type
  2.3.2. By Roofing Type
  2.3.3. By End User
2.4. Key Trends
2.5. Recession Impact
2.6. Analyst Recommendation & Conclusion

CHAPTER 3. ASIA PACIFIC SOLAR SHINGLES MARKET DYNAMICS

3.1. Market Drivers
3.2. Market Challenges
3.3. Market Opportunities

CHAPTER 4. ASIA PACIFIC SOLAR SHINGLES MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. ASIA PACIFIC SOLAR SHINGLES MARKET SIZE & FORECASTS BY TYPE 2022-2032

5.1. Silicon Solar Shingles
5.2. Copper – Indium – Gallium – Selenide (CIGS) Solar Shingles
5.3. Others

CHAPTER 6. ASIA PACIFIC SOLAR SHINGLES MARKET SIZE & FORECASTS BY ROOFING TYPE 2022-2032

6.1. New Roofing
6.2. Reroofing

CHAPTER 7. ASIA PACIFIC SOLAR SHINGLES MARKET SIZE & FORECASTS BY END USER 2022-2032

7.1. Residential
7.2. Commercial
7.3. Industrial

CHAPTER 8. ASIA PACIFIC SOLAR SHINGLES MARKET SIZE & FORECASTS BY COUNTRY 2022-2032

8.1. China Solar Shingles Market
  8.1.1. Type breakdown size & forecasts, 2022-2032
  8.1.2. Roofing Type breakdown size & forecasts, 2022-2032
  8.1.3. End User breakdown size & forecasts, 2022-2032
8.2. India Solar Shingles Market
8.3. Japan Solar Shingles Market
8.4. Australia Solar Shingles Market
8.5. South Korea Solar Shingles Market
8.6. Rest of Asia Pacific Solar Shingles Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Panasonic Corporation
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Market Strategies
  9.3.2. Sharp Corporation
  9.3.3. Kyocera Corporation
  9.3.4. Hanwha Q CELLS Co., Ltd.
  9.3.5. Trina Solar Limited
  9.3.6. JinkoSolar Holding Co., Ltd.
  9.3.7. JA Solar Holdings Co., Ltd.
  9.3.8. Company
  9.3.9. Company
  9.3.10. Company

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes

LIST OF TABLES

TABLE 1. Asia Pacific Solar Shingles market, report scope
TABLE 2. Asia Pacific Solar Shingles market estimates & forecasts by Country 2022-2032 (USD Million)
TABLE 3. Asia Pacific Solar Shingles market estimates & forecasts by Type 2022-2032 (USD Million)
TABLE 4. Asia Pacific Solar Shingles market estimates & forecasts by Roofing Type 2022-2032 (USD Million)
TABLE 5. Asia Pacific Solar Shingles market estimates & forecasts by End User 2022-2032 (USD Million)
TABLE 6. Asia Pacific Solar Shingles market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 7. Asia Pacific Solar Shingles market by country, estimates & forecasts, 2022-2032 (USD Million)
TABLE 8. Asia Pacific Solar Shingles market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 9. Asia Pacific Solar Shingles market by country, estimates & forecasts, 2022-2032 (USD Million)
TABLE 10. Asia Pacific Solar Shingles market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 11. Asia Pacific Solar Shingles market by country, estimates & forecasts, 2022-2032 (USD Million)
TABLE 12. Asia Pacific Solar Shingles market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 13. Asia Pacific Solar Shingles market by country, estimates & forecasts, 2022-2032 (USD Million)
TABLE 14. Asia Pacific Solar Shingles market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 15. Asia Pacific Solar Shingles market by country, estimates & forecasts, 2022-2032 (USD Million)
TABLE 16. China Solar Shingles market estimates & forecasts, 2022-2032 (USD Million)
TABLE 17. China Solar Shingles market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 18. China Solar Shingles market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 19. India Solar Shingles market estimates & forecasts, 2022-2032 (USD Million)
TABLE 20. India Solar Shingles market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 21. India Solar Shingles market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 22. Japan Solar Shingles market estimates & forecasts, 2022-2032 (USD Million)
TABLE 23. Japan Solar Shingles market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 24. Japan Solar Shingles market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 25. Australia Solar Shingles market estimates & forecasts, 2022-2032 (USD Million)
TABLE 26. Australia Solar Shingles market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 27. Australia Solar Shingles market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 28. South Korea Solar Shingles market estimates & forecasts, 2022-2032 (USD Million)
TABLE 29. South Korea Solar Shingles market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 30. South Korea Solar Shingles market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 31.
TABLE 32. RoAPAC Solar Shingles market estimates & forecasts, 2022-2032 (USD Million)
TABLE 33. RoAPAC Solar Shingles market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 34. RoAPAC Solar Shingles market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 35. List of secondary sources, used in the study of Asia Pacific Solar Shingles Market.
TABLE 36. List of primary sources, used in the study of Asia Pacific Solar Shingles Market.
TABLE 37. Years considered for the study.
TABLE 38. Exchange rates considered

LIST OF FIGURES

FIG 1. Asia Pacific Solar Shingles market, research methodology
FIG 2. Asia Pacific Solar Shingles market, market estimation techniques
FIG 3. Asia Pacific market size estimates & forecast methods.
FIG 4. Asia Pacific Solar Shingles market, key trends 2023
FIG 5. Asia Pacific Solar Shingles market, growth prospects 2022-2032
FIG 6. Asia Pacific Solar Shingles market, porters 5 force model
FIG 7. Asia Pacific Solar Shingles market, pestel analysis
FIG 8. Asia Pacific Solar Shingles market, value chain analysis
FIG 9. Asia Pacific Solar Shingles market by segment, 2022 & 2032 (USD Million)
FIG 10. Asia Pacific Solar Shingles market by segment, 2022 & 2032 (USD Million)
FIG 11. Asia Pacific Solar Shingles market by segment, 2022 & 2032 (USD Million)
FIG 12. Asia Pacific Solar Shingles market by segment, 2022 & 2032 (USD Million)
FIG 13. Asia Pacific Solar Shingles market by segment, 2022 & 2032 (USD Million)
FIG 14. Asia Pacific Solar Shingles market, Country snapshot 2022 & 2032
FIG 15. Asia pacific Solar Shingles market 2022 & 2032 (USD Million)
FIG 16. Asia Pacific Solar Shingles market, company market share analysis (2023)


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