"Actionable Insights to Fuel Your Growth"
The solar shingle is a solar panel designed in such a way to integrate it into a conventional asphalt roof of the residential or commercial building without losing its aesthetic looks. They are installed similar to normal asphalt roof protect from rain and produce solar energy at the same time. Solar shingles are smaller in size and typically less than an inch thick to resemble as traditional roof tiles. The major advantage of solar shingles is that it adds sleek appearance compared to the traditional solar panel and produce extra power to save energy bills. Solar shingles also have few drawbacks which inhibit its growth such as huge installation cost and lower efficiency than the traditional solar panel. The market for solar shingles can be segmented on the basis of type, and geography.
On the basis of type, the solar shingles are available in two types of photovoltaic panels such as Silicon solar shingles and, CIGS thin-film solar shingles. The CIGS thin-film solar shingle is the latest technology and widely accepted by lots of residential application. CIGS thin-film panel provides more flexibility, lightweight, and have the ability to bend per roof structure.
To gain extensive insights into the market, Request for Customization
The major driver for Solar Shingles Market is the increasing awareness about the clean energy and solar products along with adding aesthetic looks to their buildings. As the demand for solar-based electricity is increasing across the world, many companies are coming up with latest advanced solar modules focusing on efficiency, cost, and design of the solar panel.
The factor that is expected to inhibit the growth of the market is the huge installation cost. The solar shingles come in various types and are suitable for a different kind of requirement. Globally, the prices of the solar panel have gone down considerably over the years and the trend is going to follow in the forecast period.
Some of the major companies that are present in the global solar shingles market are Tesla, RGS Energy, CertainTeed Corporation, Solarmass Energy Group Ltd., SunTegra Solar, Luma Solar, Sunflare, Hanergy Thin Film Power Group, Anu Solar Power Pvt Ltd, FlexSol Solutions B.V. and, PV Technical Services.
· Silicon Photovoltaic
· CIGS Thin Film Photovoltaic
· North America (USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
The global solar shingles market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is going to dominate the solar shingles market owing to the large installation of solar shingles and it is also expected to account for a large proportion of the market in the forecast period as well. Followed by the North America region where the US and Canada have shown a huge demand for solar shingles in the past couple of years. Asia Pacific countries such as China, Australia, and Indonesia are expected to gain the largest market opportunity owing to increasing huge potential of planned solar projects in the coming years. Followed by Latin America and Middle East & Africa regions respectively.
Key Industry Developments
· In Feb 2019, RGS Energy has won “Best Energy Efficiency Product” award for its stunning POWERHOUSE™ solar shingle system at 7th annual best of IBS awards during NABH International Builders’ Show in Las Vegas
· In May 2018, Sunrise Solar Solutions LLC has entered into a partnership with SunTegra Solar Solutions for developing high quality solar solutions and now focusing on premier residential and commercial installer of solar PV in Westchester County in New York metro area
· In Oct 2016, Tesla announces the production plan for four different types of solar tiles into its manufacturing. The solar tiles will be produced by SolarCity factory due from 2017
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- UGlobal hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry