Madrid rooftop solar panel components wholesale

4 FAQs about Madrid rooftop solar panel components wholesale

How will Spain's rooftop solar market perform in 2022-2027?

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.

Why are rooftop solar installations booming in Spain?

Rooftop solar installations have been surging in Spain as the country is trying to transition to cleaner fuel sources, and the Ukraine-Russia war has accelerated the process. For instance, according to the Spanish Solar Photovoltaic Association (UNEF), in 2020, rooftop solar PV installation was recorded at 596 MW, compared to 459 MW in 2019.

What are the key players in the rooftop solar market?

The Rooftop solar market is moderately fragmented. Some of the key players in this market Holaluz-Clidom SA, X-ELIO Energy., Rekoser, Exiom Solution S.A., and Zytech solar.

Which sectors will dominate 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.