In current market conditions, demand for solar roofing in the US is forecast to advance to 835,000 squares in 2022 and reach 3.4 million squares in 2037. Reroofing will account for the larger share of demand in 2037 with 70% percent of the total. These and other trends are presented in Solar Roofing Market in the US, a new study from The Freedonia Group, a Cleveland-based industry research firm.
New build applications will also see demand growth going forward as builders in California install solar roofing to meet building code requirements for structures to use zero net energy – generating as much energy as they consume.
The West is projected to be the leading regional market in the US for solar roofing in both the short and long terms, accounting for almost 75% of the market total in 2022 and 80% of demand in 2037. According to analyst Matt Zielenski, this is not surprising, given the:
- efforts of construction professionals to comply with the CALGreen zero net energy standards for most structures
- widespread use of solar products in California
- favorable climate conditions – states in the Southwestern US receive substantially more sunlight per day than in any other part of the US
- commitment of state and local political leaders in the region to mitigate the effects of climate change by promoting electricity generation by renewable sources (such as solar)
Solar Roofing Market in the US (published 4/2018, 133 pages) is available for $2900 from The Freedonia Group. For further details or to arrange an interview with the analyst, please contact Corinne Gangloff by phone 440.684.9600 or email [email protected].
Related studies include:
#3564 Roofing: US Forecasts, 15th Edition (September 2017)
#3532 Metal Roofing Market in the US (August 2017)