Market Size of Spain Rooftop Solar Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 9.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Spain Solar Rooftop 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.
Spain Solar Rooftop Industry Segmentation
The Rooftop solar market report includes:
| End use | |
| Residential | |
| Commercial | |
| Industrial |
Spain Rooftop Solar Market Size Summary
The rooftop solar market in Spain is poised for significant growth, driven by increasing environmental awareness and supportive government policies. The industrial sector is expected to lead this expansion due to high electricity tariffs from central grids, making distributed solar power generation an economically attractive option. The Spanish government's commitment to developing green energy sources, coupled with incentives and tax benefits for solar panel installations, is further propelling the market. Spain's abundant sunshine and historical role in solar power development, along with recent government grants, have bolstered the country's solar photovoltaic capacity, making it a key player in the European solar market.
The removal of the "sun tax" and the mandate for a substantial share of electricity from green energy by 2030 have accelerated the growth of solar power installations in Spain. The country's focus on becoming less dependent on Russian gas and oil aligns with the European Union's broader strategy to enhance solar rooftop capacity. With significant investments in renewable energy projects and a robust regulatory framework supporting corporate sourcing and Power Purchase Agreements, Spain is set to become the second-largest solar market in Europe. The market's moderate fragmentation is characterized by key players such as Holaluz-Clidom SA, X-ELIO Energy, Rekoser, Exiom Solution S.A., and Zytech solar, all contributing to the anticipated growth in rooftop solar installations.
Spain Rooftop Solar Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in GW, till 2027
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 End use
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2.1.1 Residential
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2.1.2 Commercial
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2.1.3 Industrial
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Spain Rooftop Solar Market Size FAQs
What is the current Spain Rooftop Solar Market size?
The Spain Rooftop Solar Market is projected to register a CAGR of greater than 9.5% during the forecast period (2024-2029)
Who are the key players in Spain Rooftop Solar Market?
Exiom Solution S.A, Zytech solar, Holaluz-Clidom SA, X-ELIO Energy and Rekoser are the major companies operating in the Spain Rooftop Solar Market.
