Global Solar Shingles Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type ;

Sillicon Photovoltaic and CIGS Thin Film Photovoltaic.

By Roofing Type;

New Roofing and Reroofing

By End User;

Residential, Commercial, and Industrial.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn066908387 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Solar Shingles Market (USD Million), 2021 - 2031

In the year 2024, the Global Solar Shingles Market was valued at USD 357.73 million. The size of this market is expected to increase to USD 516.59 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.4%.

The global solar shingles market represents a transformative advancement in the integration of solar technology into building materials, particularly roofing systems. Solar shingles, also known as photovoltaic (PV) shingles or solar roof tiles, are designed to seamlessly blend with traditional asphalt shingles or other roofing materials while harnessing solar energy to generate electricity. This innovative approach to solar power generation offers homeowners and businesses a visually appealing and sustainable alternative to conventional rooftop solar panels. Solar shingles are typically installed directly onto the roof surface, where they capture sunlight and convert it into electricity, which can be used to power residential or commercial buildings or fed back into the grid for credit.

The introduction of solar shingles has revolutionized the renewable energy landscape by addressing aesthetic, functional, and economic concerns associated with traditional solar panel installations. Unlike bulky solar panels, solar shingles are designed to mimic the appearance and texture of conventional roofing materials, providing a sleek and integrated look that complements the architectural style of the building. This aesthetic appeal, coupled with the potential for energy cost savings and environmental benefits, has driven the adoption of solar shingles among homeowners, builders, and developers worldwide. Additionally, advancements in solar technology and manufacturing processes have improved the efficiency, durability, and affordability of solar shingles, making them a viable and attractive option for sustainable energy generation in residential and commercial applications. As the demand for clean energy solutions continues to rise, the global solar shingles market is poised for significant growth and innovation, offering a promising avenue for reducing carbon emissions and advancing the transition to renewable energy.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Roofing Type
    3. Market Snapshot, By End User
    4. Market Snapshot, By Region
  4. Global Solar Shingles Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Demand for Sustainable and Energy-Efficient Building Solutions
        2. Increasing Adoption of Solar Energy and Renewable Technologies
        3. Technological Advancements in Solar Shingle Design and Manufacturing
      2. Restraints
        1. High Initial Cost and Installation Challenges
        2. Limited Efficiency and Power Generation Compared to Traditional Solar Panels
        3. Concerns Over Aesthetic Compatibility and Roofing Integration
      3. Opportunities
        1. Rising Awareness and Government Incentives for Solar Energy Adoption
        2. Expansion into Residential and Commercial Construction Markets
        3. Innovation in Building-Integrated Photovoltaic (BIPV) Solutions
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Solar Shingles Market, By Type , 2021 - 2031 (USD Million)
      1. Sillicon Photovoltaic
      2. CIGS Thin Film Photovoltaic
    2. Global Solar Shingles Market, By Roofing Type, 2021 - 2031 (USD Million)
      1. New Roofing
      2. Reroofing
    3. Global Solar Shingles Market, By End User, 2021 - 2031 (USD Million)
      1. Residential
      2. Commercial
      3. Industrial
    4. Global Solar Shingles Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Tesla, Inc.
      2. CertainTeed Corporation
      3. RGS Energy
      4. Hanergy Thin Film Power Group
      5. SunTegra Solar
      6. Luma Solar
      7. Sunflare
      8. Forward Labs
      9. Lumeta Solar
      10. Dow Solar
  7. Analyst Views
  8. Future Outlook of the Market