Request Free Sample
×
Industry Developments
In recent developments within the South Korea Solar Rooftop Sales Market, renewable energy adoption continues to gain momentum, supported by government initiatives aimed at increasing the installation of solar panels on residential and commercial rooftops. Companies such as Hanwha Q CELLS and LG Electronics are expanding their market presence, with LG announcing plans to bolster its solar panel production capabilities in August 2023. Meanwhile, Sungrow Power Supply has been actively involved in the creation of innovative energy storage solutions that complement rooftop solar installations. In terms of market valuation, the growth rate of solar installations has been bolstered by increased consumer awareness and favorable financing options. Notably, the valuation of companies like GS Energy and Motech Industries has seen an uptrend as they adapt to evolving technological advancements and participate in collaborative projects. Furthermore, Daejoo Electronic Materials experienced a strategic partnership in July 2023, enhancing the sourcing of solar materials. The landscape over the last two to three years has been characterized by active participation from leading industry players, including Hyundai Energy and Trina Solar, emphasizing the increasing competitiveness within the South Korean solar market.
Report Scope
Report Scope:
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 5.62(USD Billion) |
| MARKET SIZE 2024 | 6.78(USD Billion) |
| MARKET SIZE 2035 | 32.24(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 15.229% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Sungrow Power Supply, Daejoo Electronic Materials, LG Electronics, GS Energy, Shinhan Energy, Motech Industries, Sungrow, Trina Solar, Ja Solar Technology, Canadian Solar, Korea Electric Power Corporation, SK Innovation, Hyundai Energy, Hanwha Q CELLS, Samsung SDI |
| SEGMENTS COVERED | Capacity, Connectivity, End User |
| KEY MARKET OPPORTUNITIES | Government incentives for installation, Rising demand for renewable energy, Technological advancements in solar panels, Increased urbanization and energy needs, Strong public awareness and environmental concerns |
| KEY MARKET DYNAMICS | government incentives, increasing energy costs, environmental regulations, technological advancements, consumer awareness |
| COUNTRIES COVERED | South Korea |
FAQs
What is the expected market size of the South Korea Solar Rooftop Sales Market in 2024?
The South Korea Solar Rooftop Sales Market is expected to be valued at 6.78 USD Billion in 2024.
What will be the market size of the South Korea Solar Rooftop Sales Market in 2035?
By 2035, the market is projected to reach a value of 32.24 USD Billion.
What is the expected CAGR for the South Korea Solar Rooftop Sales Market from 2025 to 2035?
The market is expected to grow at a CAGR of 15.229% from 2025 to 2035.
Which capacity segments are included in the South Korea Solar Rooftop Sales Market?
The market is divided into capacity segments of <10 kW, 11 kW-100 kW, and >100 kW.
What is the market value for the <10 kW segment in 2024?
The <10 kW segment is valued at 1.5 USD Billion in 2024.
How much will the 11 kW-100 kW segment be worth in 2035?
The 11 kW-100 kW segment is expected to reach 11.4 USD Billion by 2035.
What is the projected market value for the >100 kW segment in 2024?
The >100 kW segment is anticipated to be valued at 2.88 USD Billion in 2024.
Who are the key players in the South Korea Solar Rooftop Sales Market?
Major players include LG Electronics, Hanwha Q CELLS, and Samsung SDI among others.
What challenges and opportunities are present in the South Korea Solar Rooftop Sales Market?
The market is facing challenges such as regulatory hurdles, while opportunities include technological advancements and increased demand.
What impact do current global scenarios have on the South Korea Solar Rooftop Sales Market?
The current global scenarios may influence supply chains and pricing in the South Korea Solar Rooftop Sales Market.
Download Free Sample
Kindly complete the form below to receive a free sample of this Report
Customer Stories
“This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job”
Noah Malgeri
Co-Founder
“Thanks. It’s been a pleasure working with you, please use me as reference with any other Intel employees.”
Joseph Aguayo
Sales Operations & Pricing Manager
“Thanks for sending the report it gives us a good global view of the Betaïne market.”
Peter Groot koerkamp
Account and Business Manager
“Thank you, this will be very helpful for OQS.”
La Terria Dodd
Program Support Specialist
“We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.”
Younghwan Choi
Senior Retail Manager
“I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”
Mark Irwin
Management Consultant
“I have been reading the first document or the study, ,the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!”
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA
“We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.”
Akif Moroglu
Strategy & Business Development Director
Case Study
Aerospace & Defense
Leave a Comment