Market Size of Spain Rooftop Solar Industry
| Study Period | 2019 - 2028 |
| Base Year For Estimation | 2021 |
| Forecast Data Period | 2024 - 2028 |
| Historical Data Period | 2019 - 2020 |
| CAGR | > 9.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Spain Rooftop Solar Market Analysis
Spain's Rooftop solar market is expected to rise at a CAGR of 9.5% during the forecast period of 2022-2027. Factors such as increasing environmental concerns, favourable government policies, incentives and tax benefits for solar panel installation are expected to drive the market during the forecasted period for the Rooftop solar market.
• The industrial sector is expected to dominate the market during the forecast period, owing to high tariffs for electricity from central grids.
• Strong government support and initiatives to develop green energy sources in the region are likely to drive the Rooftop solar market.
• Commercial and industrial sectors are showing a growing interest in distributed solar power generation due to its various economic benefits. It is also a constant energy source that can eliminate downtime and equipment damage caused due to voltage fluctuations in conventional power grids. This is likely to create an opportunity for the market to grow shortly.
