Research Methodology – Rooftop Solar Photovoltaic (PV) Installation Market
At Straits Research, we adopt a rigorous 360° research approach that integrates both primary and secondary research methodologies. This ensures accuracy, reliability, and actionable insights for stakeholders. Our methodology for the Rooftop Solar Photovoltaic (PV) Installation Market comprises the following key stages:
Market Indicator & Macro-Factor Analysis
Our baseline thesis for the Rooftop Solar Photovoltaic (PV) Installation Market is developed by integrating key market indicators and macroeconomic variables. These include:
Factors considered while calculating market size and share
- Installation rates of rooftop solar PV systems
- Cost associated with installation and maintenance of rooftop solar PV systems
- Government policies and incentives for solar energy use
- Availability of sunlight (solar irradiance)
- Electricity rates in different regions
- PV technology innovation, efficiency, and performance
- Market penetration rate of rooftop solar PV
- The size of roofs available for installations
- Environmental consciousness of consumers
Key Market Indicators
- Annual installation rates of rooftop solar panels
- Electricity production from solar energy
- Price trends of solar PV system components
- Government spending on solar energy projects
- Rate of return on investment in solar energy
- The number of manufacturers and suppliers of solar PV systems
- Capacity utilization of solar energy in the power sector
Growth Trends
- Increased adoption of green energy sources
- The decline in the prices of solar panels
- Improvement in solar PV technology and efficiency
- Increasing energy demand and rising electricity costs
- Government support and incentives for renewable energy
- Increasing environmental consciousness among consumers
- Rising investment in the solar energy sector
Secondary Research
Our secondary research forms the foundation of market understanding and scope definition. We collect and analyze information from multiple reliable sources to map the overall ecosystem of the Rooftop Solar Photovoltaic (PV) Installation Market. Key inputs include:
Company-Level Information
- Annual reports, investor presentations, SEC filings
- Company press releases and product launch announcements
- Public executive interviews and earnings calls
- Strategy briefings and M&A updates
Industry and Government Sources
- Country-level industry associations and trade bodies
- Government dossiers, policy frameworks, and official releases
- Whitepapers, working papers, and public R&D initiatives
- Relevant Associations for the Rooftop Solar Photovoltaic (PV) Installation Market
Market Intelligence Sources
- Broker reports and financial analyst coverage
- Paid databases (Hoovers, Factiva, Refinitiv, Reuters, Statista, etc.)
- Import/export trade data and tariff databases
- Sector-specific journals, magazines, and news portals
Macro & Consumer Insights
- Global macroeconomic indicators and their cascading effect on the industry
- Demand–supply outlook and value chain analysis
- Consumer behaviour, adoption rates, and commercialization trends
Primary Research
To validate and enrich our secondary findings, we conduct extensive primary research with industry stakeholders across the value chain. This ensures we capture both qualitative insights and quantitative validation. Our primary research includes:
Expert Insights & KOL Engagements
- Key Opinion Leader (KOL) Engagements
- Structured interviews with executives, product managers, and domain experts
- Paid and barter-based interviews across manufacturers, distributors, and end-users
Focused Discussions & Panels
- Discussions with stakeholders to validate demand-supply gaps
- Group discussions on emerging technologies, regulatory shifts, and adoption barriers
Data Validation & Business POV
- Cross-verification of market sizing and forecasts with industry insiders
- Capturing business perspectives on growth opportunities and restraints
Data Triangulation & Forecasting
The final step of our research involves data triangulation ensuring accuracy through cross-verification of:
- Demand-side analysis (consumption patterns, adoption trends, customer spending)
- Supply-side analysis (production, capacity, distribution, and market availability)
- Macroeconomic & microeconomic impact factors
Forecasting is carried out using proprietary models that combine:
- Time-series analysis
- Regression and correlation studies
- Baseline modeling
- Expert validation at each stage
Outcome
The outcome is a comprehensive and validated market model that captures:
- Market sizing (historical, current, forecast)
- Growth drivers and restraints
- Opportunity mapping and investment hotspots
- Competitive positioning and strategic insights