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Solar Shingles Market by Type and Geography Forecast and Analysis 2022-2026…

Solar Shingles Market by Type and Geography Forecast and Analysis 2022-2026…

    Solar Shingles Market by Type and Geography. Forecast and Analysis 2022-2026

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    The solar shingles market share is expected to increase to USD 618.91 million from 2021 to 2026, and the market’s growth momentum will decelerate at a CAGR of 5.2%.

    This solar shingles market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers solar shingles market segmentations by type (silicon photovoltaic and CIGS thing film photovoltaic) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The solar shingles market report also offers information on several market vendors, including Agni Solar System Pvt. Ltd., Alternative Energy Store Inc., Anu Solar Power Pvt. Ltd., Canadian Solar Inc., CertainTeed, E Solar, FlexSol Solutions BV, Hanergy Thin Film Power EME BV, JA Solar Technology Co. Ltd., Luma Solar, PV Technical Services Inc., Solarmass Energy Group Ltd., Sunflare, SunPower Corp., SunTegra Solar, Tesla Inc., Trina Solar Co. Ltd., Vikram Solar Ltd., and Yingli Green Energy Holding Co. Ltd. among others.

    What will the Solar Shingles Market Size be During the Forecast Period?

    Download the Free Report Sample to Unlock the Solar Shingles Market Size for the Forecast Period and Other Important Statistics

    Solar Shingles Market: Key Drivers, Trends, and Challenges

    The increasing investments in the renewable energy sector is notably driving the solar shingles market growth, although factors such as the intermittent nature of solar power may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the solar shingles industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

    Key Solar Shingles Market Driver

    The increasing investments in the renewable energy sector is one of the key factors driving the solar shingles market growth. For instance, India is expected to achieve the renewable energy target of 500 GW by 2030. China is also investing in renewable energy. including solar power, as part of its Belt and Road initiative (BRI). As of 2021, 31% of China’s investment in BRI was in the solar and wind power sector. Furthermore, many European countries, such as Norway, Iceland, and Sweden, rely on renewable sources for more than half of their total annual power demand. This is due to the implementation of stringent emission norms in countries in the EU. Thus, the shift in FOCUS to renewable sources of energy is increasing investments in the energy industry. This drives the growth of the global solar energy sector, which, in turn, will propel the growth of the global solar shingles market during the forecast period.

    Key Solar Shingles Market Trend

    The development of zero-energy buildings is one of the key solar shingles market trends supporting market growth. The zero-energy building (ZEB) concept is an energy-efficiency technology, in which the building generates its own power using renewables that are equal to the amount of power it uses on an annual basis. ZEBs are constructed using special materials, such as well-insulated building structures, to prevent leaks from heating/ or cooling. This increases the overall building efficiency. Renewable energy sources, such as solar PV, fuel cells, and energy storage technologies, are used to generate the power required for the building. The power is generated at a site using low-carbon-energy systems, and the interior design mechanism of the building supports reducing the amount of power consumed. Such development of ZEBs will support the market growth during the forecast period.

    Key Solar Shingles Market Challenge

    The intermittent nature of solar power is one of the factors impeding the solar shingles market growth. Solar energy is not available at all times of the day as fossil fuels. The output of solar power systems varies highly due to the change in the solar irradiation level at different times of the day and in different seasons. This intermittent nature gives rise to the need for backup power to support the power demand and increases operations related to grid planning activities. On the other hand, overcoming the intermittent nature of solar power still needs the use of advanced technology, whereas, in other renewable resources, such as pumped hydropower, the systems make use of the reverse flow of water into the reservoir to generate energy. Such factors associated with solar power will impede the solar shingles market growth during the forecast period.

    This solar shingles market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

    Parent Market Analysis

    Technavio categorizes the global solar shingles market as a part of the global renewable electricity market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the solar shingles market during the forecast period.

    Who are the Major Solar Shingles Market Vendors?

    The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

    • Agni Solar System Pvt. Ltd.
    • Alternative Energy Store Inc.
    • Anu Solar Power Pvt. Ltd.
    • Canadian Solar Inc.
    • CertainTeed
    • E Solar
    • FlexSol Solutions BV
    • Hanergy Thin Film Power EME BV
    • JA Solar Technology Co. Ltd.
    • Luma Solar
    • PV Technical Services Inc.
    • Solarmass Energy Group Ltd.
    • Sunflare
    • SunPower Corp.
    • SunTegra Solar
    • Tesla Inc.
    • Trina Solar Co. Ltd.
    • Vikram Solar Ltd.
    • Yingli Green Energy Holding Co. Ltd.

    This statistical study of the solar shingles market encompasses successful business strategies deployed by the key vendors. The solar shingles market is fragmented and the vendors are deploying growth strategies such as RD and innovations to compete in the market.

    Product Insights and News

    • Agnisolar.com. The company offers solar single namely Solar Rooftop system.
    • Altestore.com. The company offers solar singles through its subsidiary Real Goods.
    • Certainteed.com. The company offers solar single namely Apollo II.

    To make the most of the opportunities and recover from post COVID-19 impact, market vendors should FOCUS more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

    The solar shingles market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

    Solar Shingles Market Value Chain Analysis

    Our report provides extensive information on the value chain analysis for the solar shingles market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

    Which are the Key Regions for Solar Shingles Market?

    For more insights on the market share of various regions Request for a FREE sample now!

    34% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for the solar shingles market in APAC. Market growth in this region will be slower than the growth of the market in other regions.

    The increasing environmental concerns, growing energy demand, and supporting government regulations will facilitate the solar shingles market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

    COVID Impact and Recovery Analysis

    Solar shingles installation was negatively impacted due to the social distancing measures taken against the spread of COVID-19. However, due to the Rapid vaccination drives and resumption of the construction industry, the demand for solar shingles started to increase in 2021. Therefore, owing to the significant growth in the solar capacity additions across China and the growing FOCUS on BIPV technology, the regional solar shingles market is expected to grow moderately during the forecast

    What are the Revenue-generating Type Segments in the Solar Shingles Market?

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    The solar shingles market share growth by the silicon photovoltaic segment will be significant during the forecast period. The silicone photovoltaic segment accounted for the largest market share in the global solar shingles market. Solar shingles are building products that are integrated into roof shake, slate roofs, and concrete roofs. Most solar shingles are made of silicone, which is installed with existing roofing materials. Some shingles are made of monocrystalline silicon. Since the cell is composed of a single crystal, electrons that generate electricity have more room to flow. Such factors will drive the silicon photovoltaic segment growth during the forecast period.

    This report provides an accurate prediction of the contribution of all the segments to the growth of the solar shingles market size and actionable market insights on post COVID-19 impact on each segment.

    Solar Shingles Market Scope

    Tesla, GAF, RGS and now Hanergy: will solar roofs (finally) heat up this year?

    Hanergy displayed the newest rendition of its 18.7% Thin Film Flat SOLARtile in Australia last week as it gears up for the U.S. and global product launch later in 2019.

    Hanergy Thin-Film Flat Solartile exhibit at CSR Monier HQ, Rosehill, Sydney

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    Hanergy – maker of beautiful things – showed off its refined CIGS Thin-Film Flat SOLARtile 18.7% efficient product at the CSR Monier Roofing HQ in Rosehill, Sydney, Australia last week. This was coupled with an announcement this morning by the company that it is readying launch of the product in Australia, New Zealand, South East Asia, Japan and the United States. Hanergy is currently partnering with the building materials company, CSR Group, to launch the product – found on an Australian partner website here.

    Hanergy says the thin film flat SOLARtile might be a better technical fit for the U.S. marketplace with its flat, square, shape meeting local housing standards easier and matching up with the 5 million unit a year asphalt shingle roofing market. The tile uses the “cross bond” structure, where the tile-to-tile interlock is put in the middle of next row’s tile, ensuring waterproofing.

    The U.S. residential solar roof market can now anticipate RGS Energy, Tesla, GAF Energy, Sunflare, Certainteed and a bunch of other small shops. And to keep people busy – a helping of Midsummer who just announced a metal solar roof thin film product for the U.S. market.

    And with all huff and puff, what we’ve got so far is RGS Energy seeking “alternative strategies“, Tesla’s Buffalo Gigafactory putting out just a few tens of solar roofs as they refine their product, and now Hanergy whose curved solar tile has been in U.S. solar conferences – but not U.S. rooftops – for many years.

    First off is the 120 GW/year gorilla in the room – the global polysiliconwafercellmodule assemblydistributionfinanceinstallation supply chain. With solar cell efficiencies still increasing, and the learning curve still aggressively pushing on solar module pricing, there is going to be no let up from the factories of LONGi, Jinko, Hanwha, LG and so many other manufacturers.

    It is without doubt that the roofing material industry is bringing some clout as GAF Energy is owned by GAF – North America’s largest roofing company, while Standard Industries (the parent company of both GAF and GAF Energy) is the world’s largest. However, GAF Energy’s “solar roof” product is actually a standard 60 cell solar module with some really nice hardware refinements. And while Hanergy is quite a large company, it has some complex financial challenges to wade through before it can truly challenge the 60 and 72 cell solar module industry.

    And reality is, even if these products are a smashing success in their own respects, it will still be a decade before they can take serious marketshare.

    This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

    solar, shingles, market, type, geography

    John Fitzgerald Weaver

    Commercial Solar Guy is a commercial utility solar developer, general contractor for commercial and residential solar, as well a consultant. We construct projects in MA, RI, NY, and soon PA.

    Hantile flexible solar tiles by Hanergy.

    Chinese company Hanergy have released the latest generation of their flagship Hantile flexible solar roof tiles. They’re lighter, thinner, more flexible, and have increased performance from the previous generation. Let’s have a look at how they stack up against some of the other solar roof tiles on the market.

    Hantile Flexible Solar Roof Tiles

    The new Hantile uses a single instead of a double layer of glass. This has lowered the weight of each tile down to 5.2kg. The glass is ultra-white tempered so it is extremely durable and is able to deliver a transmittance level of 91.5%. According to the PR News wire, the single glass Hantile can generate power at temperatures ranging from.40 Celsius to.85 degrees. Their life cycle is 30 years and each tile uses copper indium gallium selenide solar cell (CIGS) with 17.52% efficiency. In terms of environmental friendliness, each 100 square metres of Hantile is equivalent to planting 340 trees. The tiles are backed by a lifetime warranty (30 years) and a lifetime charged maintenance guarantee.

    “We’re delighted to introduce the next generation of our innovative Hantile building solution,” said Hanergy founder Mr. Li Hejun. “With its industry leading energy generation capabilities and suitability for any building, I am confident that Hantile will set a new benchmark for new energy applications in building construction.”

    Hanergy

    Hanergy is, according to their press release, the world’s largest clean energy company. They work with hydro-power, wind power, and solar power. Since 2009 they’ve been researching thin-film solar power and with their updated technology will be releasing solar roof tiles, foldable solar-paper power banks, solar backpacks for solar camping, BIPV, solar roads, and more. They have more than 16,000 staff members and have been in a bit of financial trouble recently with the SFC ordering them to pay outstanding debts to its subsidiaries, with the stock currently ceased trading on the Hong Kong market. Hopefully this new technology can help Hanergy get back on track.

    Hanergy Hantile vs Tesla Solar Roof

    The Tesla Solar Roof has been talked about a lot over the past year, but there have been quite a few competitors sticking their hands up such as the Tractile solar roof tiles, which are a lot more price effective than Tesla’s offering. Hanergy’s new Hantile don’t currently have a price for Australian install, but it looks like the ‘c-type slot structure’ they used for manufacturing mean it will be quite easy to install them. The previous Hantiles, launched in 2017, had a conversion efficiency rate of 16.5% and it now boasts 17.52% conversion rate.

    The price of last year’s triple arch solar tile was 130 yuan (~285 AUD)/ m2 so it’ll be interesting to see what the new tile costs. We’ve reached out to Hanergy for comment and will let you know as soon as we have more information. We’ll be looking for reviews, price, release dates, and more!

    Top 5 Tesla Solar Roof Alternatives (Buyers Guide)

    What are the best Tesla Solar Roof Alternatives?

    • CertainTeed Apollo II Tile
    • Luma Solar Roof
    • SunTegra
    • Ennogie
    • GB Sol

    Thanks to great marketing, Tesla Solar Roofs are slowly gaining popularity in recent years. However, the warm acceptance of the more attractive cousin of solar panels is also thanks to the product’s added value for green energy consumers who value visual appeal.

    And like all savvy investors, it is always good practice on our part to look for better alternatives before purchasing.

    Indeed, solar roof tiles are a recent addition to Tesla’s product line. However, for the rational investor, getting the desired benefits of a product without paying for the name slapped on it means quicker returns on your investment.

    But before we get into the nitty-gritty of Tesla solar roof alternatives, let’s talk a bit about the leading contender first: Elon Musk’s Tesla.

    After the brief introduction, we’ll compare the general pros and cons of solar roofs with conventional solar panels. Our readers need to know what they are getting into aside from higher costs.

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    What is a Tesla Solar Roof?

    So what is a Tesla Solar Roof? Who is it for, and how does it differ from the more traditional solar panels?

    For those encountering this product for the first time, Tesla solar roof tiles are simply roof tiles with embedded solar cells that convert solar energy to electricity.

    Suppose you are the type of person who values green energy while maintaining the look of your rooftop for whatever reason. In that case, you are part of the target niche of this product by Tesla and other manufacturers.

    Although Tesla is arguably the most popular company that offers solar roof tiles, there are a lot of alternative companies that also provide the same promise of a slick glass-faced solar roof that generates green energy.

    It is no secret that Tesla’s marketing team knows what they are doing when creating positive emotion around their products, such as electric vehicles and power walls. This aspect of their brand marketing has contributed phenomenally to building loyal supporters.

    Tesla solar roof is a relatively new concept that merges solar panel cells directly with your roof. Most of you might not know this, but Tesla is not the original pioneer of the solar roof concept. Instead, it built the necessary emotional appeal for niche audiences to patronize this innovation.

    The First Solar Roof

    According to lead-innovation.com, Albert Joseph Antoine Laumans, Reinhard Lepsien, and Heinz Müller invented solar roof tiles. Subsequently, Gasser Group and ZEP patented the idea and turned it into a business.

    These companies benefited from the massive promotion of Tesla on these solar roof tiles, expressing their delight that Elon Musk has shed light on this innovation.

    Tesla’s solar roof consists of two types of textured glass tile shingles:

    Non-solar shingles are added to the mix when you choose to install Tesla solar glass roof because chances are, you won’t be needing to put up solar cells in each tile. Only active solar tiles contain solar cells, while inactive ones serve as fillers once you replace your roof with the sun singles.

    Tesla Solar Roof V3 is 114 cm long by 43 cm wide, and it can produce about 58 watts at the cost of about 6.49 per watt.

    Solar Panels vs. Solar Roof

    Before you buy into solar roofs, let’s consider some considerations first and compare this new market product to traditional solar panels.

    Looks

    This is the main selling point of Tesla’s solar roof tiles. According to Tesla, its Solar Roof version 3 is a glass-faced solar tile that uses hydrographic printing to make the tile look remarkably like slate, clay tile, or a dark shingle from afar.

    On the other hand, solar panels are available only in the traditional black/blue colors. Solar installers place them on brackets on existing or finished roofs. In effect, it is obvious who owns solar panel systems in an area, which may be unappealing to some.

    Installation

    Green energy enthusiasts going for solar panels have more chances to choose from various solar installers since many contractors are familiar with installing conventional panels.

    On the other hand, solar roofs are specialized products perfect for owners looking for roof replacement. They are a part of the roofing material and typically need to cover the entire roof.

    Efficiency

    However, solar cell production depends on orientation and tilt, so solar roofs are less efficient and often require more consideration when placed on flat rooftops.

    Also, PV Magazine USA estimates that the Tesla Solar Roof efficiency falls between 4-11%. This is relatively low compared to solar panels that operate between 15% and 25% efficiency.

    Cost

    In terms of price, going with the Tesla Solar Roof will incur three cost components:

    Upon checking the Tesla Solar Roof online calculator, it is clear that going with this option will cost more than solar panels.

    Not to mention you are limited to Tesla for maintenance as well.

    Is It Worth Buying A Tesla Solar Roof?

    The main reason to go with Tesla Solar Roof is for visual appeal. However, we want to point out that solar roofs are not as commercially matured as solar panels. Therefore there is an ample opportunity that the cost will go down some more in the future.

    Now, is it worth buying a Tesla Solar Roof?

    For us, this option only makes sense if you are entirely sold into great aesthetics and completing your Elon Musk product fleets such as the Tesla Cars and Powerwalls. Aside from those reasons, we think that solar panels are still the best choice for those looking to get their investment back as soon as possible.

    Either way, you are still choosing to use solar for your electricity, which counts as something.

    Tesla Solar Roof Alternatives in 2021

    Now that we have a basic grasp of how a solar roof works let’s look at our top 5 alternatives to Tesla Solar Roof.

    solar, shingles, market, type, geography

    CertainTeed Apollo II Tile

    CertainTeed is a North American company that manufactures roofing, insulation, wallboard, and more products.

    Today, the company offers two product options. The first product is the Apollo II solar cell wafers you can directly slap on your present rooftop.

    On the other hand, the Apollo II Tile is more similar to the Tesla Solar Rooftop, entirely integrating solar cells to roof tiles.

    What about cost? Well, this is the tricky part. As it turns out, CertainTeed doesn’t put out its price point for installing Apollo products. However, our good friends over at Undecidedmf report that the price is around 6.54 per watt.

    Assuming this is the price for solar cells alone, we believe this is feasible since we still have to consider other solar components and installation labor.

    Bottom line, when you decide to go with CertainTeed products, you pay less than the Tesla brand in exchange for a reduced solar roof eye-candy factor, as shown in the image below.

    Luma Solar Roof

    Luma solar is another US company in the market that produces 60-watt solar roofs made of thin polycrystalline cells with dimensions of 138.6 x 38.7 cm. Like Tesla, they come with a 25-year warranty and guaranteed 80% output. The solar roofs alone cost 4.50 per watt.

    SunTegra

    Another Tesla solar roof alternative to consider is the SunTegra solar roof. These are also two-in-one solar roof tiles that offer solar energy production and home protection.

    The company attempts to separate itself from the competition by offering an innovative design that allows each tile to be integrated directly with standard American tile roofing systems. Each tile is about 134 x 43 cm and is made out of premium monocrystalline solar cells and patented TegraVent technology to ensure enhanced solar efficiency. This value proposition aims to hit the sweet spot of cost, aesthetics, and performance for their patrons.

    solar, shingles, market, type, geography

    Each tile costs about 6.16 per watt and comes with a 25-year limited power warranty and a 10-year limited product warranty.

    Ennogie

    Ennogie is a green energy solutions company based in Denmark. Their main product line at the moment is solar roof tiles and panels.

    Ennogie’s Take on Going Solar

    Now, before we proceed to Ennogie’s solar roof offerings, let’s take a moment and appreciate a simple point they made on why it is beneficial to have solar rooftops.

    On their website, Ennogie justifies the price of solar roof tiles by arguing that rooftops are bound to get replaced sooner or later. Therefore, why not make it earn you money than depreciate and incur costs. Ennogie drives this point home well using the illustration below.

    In hindsight, this cost-benefit analysis may seem to be common sense. However, it is a good reminder that it is better to earn back investment through solar panels or solar tiles rather than just losing money through simple roof depreciation.

    Ennogie Tesla Solar Roof Alternative

    Now, let’s talk about the Tesla Solar Roof alternative that Ennogie offers.

    Currently, the company presents two panels as solar roof tile options – a 55W panel and a 130W panel. Based on your roof construction, Ennogie offers different tiling methods that maximize the active production of solar energy.

    This example is worth discussing since the solar production principles (tilt and angle) also apply to other previously mentioned solar roof products. It shows that complex roof constructions will require different solutions such as “adjustment panels.” These adjustment panels serve as fillers in areas that are not optimal for solar energy production.

    The illustration of roofing constructions above shows the composition of “active” and “passive” panels in the various buildings based on a sample 1700 sq. ft. roof area.

    Areas highlighted in orange indicate the “active solar production” portion of the solar roof.

    Based on the examples and online information we found, Ennogie’s solar roof will cost you about 4.19 per watt. It is the cheapest among this curate bunch.

    GB Sol

    GB Sol is the most popular solar roof manufacturer and installer for our readers based in the UK. It is an excellent solar roof alternative for Brittons looking to install solar roof tiles and is unwilling to wait for Elon Musk to follow through with his promise to make Tesla solar roofs available in the UK.

    GB Sol’ offers blue-ish solar tiles that weigh 3.5 kg. Each tile is rated 27.5W and has a 25-year warranty on the product, its solar performance, and its weatherproofing abilities.

    Based on the estimate of theecoexperts.co.uk, a 4kW solar tile system will cost you up to 21,263. Dividing 21,263 by 4kW yields us 5.32 per watt.

    Now, throughout the years, plenty of solar roof companies have inched their way into the main stage along with Tesla. However, there is a lack of substantial information to create comprehensive comparisons. Until we get more data, we are putting these companies here for future reference:

    Final Thoughts

    Solar roofs, at their core, serve the same purpose as solar panels, which is to produce solar energy. They are for people who value slick and low-key rooftops that contribute to the green movement, but they don’t come cheap.

    Considerations when Choosing Solar Roof Alternatives

    Choosing a solar roof means more extended returns on investments. We are talking at least a decade here, roughly speaking.

    It is also not surprising that companies are having difficulty generalizing because of varying specialized labor rates, building conditions, and needed electrical work.

    Solar roof tile technologies are still relatively young in the market, and it will take time to have more detailed information for consumers to make more convenient investment decisions. We did mention in a previous article that it took solar panels decades of development and economies of scale to experience significant price reduction.

    Why Tesla Solar Roof Alternatives are Viable

    Despite being the most popular brand, Tesla still has a long way to dominate this market due to high price points, broken promises, and limited service area. These gaps are why other solar roof companies still have a shot at competing in the solar roof space.

    As a summary, here is a table illustrating the estimated cost per company that offers solar roofs:

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