Rising Trajectory in Solar Shingles Sector
The “Solar Shingles Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F” report indicates a robust growth path for the global solar shingles market, projecting a Compound Annual Growth Rate (CAGR) of 4.8% through 2028.
Surge in Market Valuation
Experiencing a significant increase from its 2022 valuation of USD 375.8 million, the solar shingles market showcases promising growth within the renewable energy landscape. This surge is attributed to heightened awareness of clean energy solutions that seamlessly integrate with architectural aesthetics in residential and commercial structures.
Solar Shingles: A Dual-Purpose Innovation
Solar shingles, cutting-edge photovoltaic modules designed for seamless integration with conventional asphalt roofing, offer both rain protection and solar energy production. Their sleek appearance, durability, and energy cost savings make them an attractive choice in renewable energy solutions.
Driving Forces and Emerging Trends
Urbanization and Renovations: Rapid urbanization and increased investment in home renovations drive demand for solar shingles. Environmental Consciousness: Growing environmental awareness boosts the adoption of renewable energy solutions. Government Support: Supportive policies and incentives encourage widespread adoption and market growth. Technology Innovations: Advancements in semiconductor technology contribute to the expanding opportunities in the solar shingles market.
Source：globenewswire.com
