United States Solar Energy Market
is projected to grow at significant rate during the Forecast period, on account
of increasing awareness among consumers, huge investments, and supportive
government policies. United States is one of the largest solar resources of the
world.
Solar credit scheme gave the
provision to the investors of the solar energy market to claim 30% of the
federal taxes consequently playing the major role in the growth of the
industry. Tax credits are expected to expire in 2023 for renewable energy
resources which will drive the investors interested in Solar Energy Market to
finish their projects as soon as possible thereby the solar energy market will
be expected to flourish in the coming years.
United Energy solar energy market
can be bifurcated into technology, solar module, application, end use, region,
and company. Based on application, United States solar energy market can be
categorised into residential, commercial and industry. Residential sector will
continue to dominate the market as large amount of users are installing solar
energy at their homes to avail tax benefits and is boosting the growth of the
United States solar energy market. Based on Technology, solar energy market can
be categorised into Solar
Photovoltaic and Concentrated Solar Power. Solar photovoltaic will play a major
role in the market due to decline in the cost of installation and projects like
California Flats Solar Project and Shaw Creek Solar energy will continue to
surge the solar energy market. Based on Solar Module segmentation can be
divided into Monocrystalline, Polycrystalline, Cadmium Telluride, Amorphous
Silicon Cells, and others. Cadmium Telluride and Amorphous Silicon Cells are
high in demand due to the low-cost factor and Monocrystalline as well as
Polycrystalline are in demand especially in the residential sector and
installation of the photovoltaic applications. Lucrative government policies
and schemes are expected to accelerate the United States Solar Energy Market.
The major players operating in the
United States are Solar Energy Market SolarCity Corporation, Solar
Five, LLC, SunPower Corporation, Horizon Solar Power, Sunrun Inc., James
Petersen Industries, Inc., First Solar, Inc., Trinity Solar, Inc., Suniva Inc.,
eSolar Inc., Major
companies are developing advanced technologies to stay competitive in the
market. Other competitive strategies include mergers & acquisitions.
Objective of the Study:
- To analyze and forecast the
market size of United States Solar Energy Market.
- To classify and forecast United
States Solar Energy Market based on technology, solar module, application, end use, region,
and company.
- To identify drivers and
challenges for United States Solar Energy Market.
- To examine competitive
developments such as expansions, new product launches, mergers &
acquisitions, etc., in United States Solar Energy Market.
- To identify and analyze the
profile of leading players operating in the United States Solar Energy
Market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers across the globe. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the manufacturers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the manufacturers, distribution channels and presence of all
major manufacturers across the globe.
TechSci Research calculated the market size of United States
Solar Energy Market by
using a bottom-up approach, where data for
various end-user segments was recorded and forecast for the future years.
TechSci Research sourced these values from the industry experts and company
representatives and externally validated through analyzing historical data of
these services and applications for getting an appropriate, overall market
size. Various secondary sources such as company websites, news articles, press
releases, company annual reports, investor presentations and financial reports
were also studied by TechSci Research.
Key Target Audience:
- Solar product
manufacturers, suppliers, distributors, and other stakeholders
·
Research organizations and consulting companies
·
Trade associations, organizations, forums, and
alliances related to Solar Energy.
·
Government bodies such as regulating authorities
and policy makers.
·
Industry associations
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as service providers and partners, end users, etc., besides allowing them
in strategizing investments and capitalizing on market opportunities.
|
Attribute
|
Details
|
|
Base Year
|
2021
|
|
Historic Data
|
2017 – 2020
|
|
Estimated Year
|
2022
|
|
Forecast Period
|
2023 – 2027
|
|
Quantitative Units
|
Revenue in USD Million, Volume in Units and CAGR for 2017-2021
and 2022E-2027F
|
|
Report coverage
|
Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
|
|
Segments covered
|
·
Technology
·
Solar Module
·
Application
·
End Use
·
Installation
|
|
Regional scope
|
South-West, Mid-West, North-East
|
|
Key companies profiled
|
SolarCity Corporation, Solar Five, LLC,
SunPower Corporation, Horizon Solar Power, Sunrun Inc., James Petersen
Industries, Inc., First Solar, Inc., Trinity Solar, Inc., Suniva Inc., eSolar
Inc.
|
|
Customization scope
|
10% free report customization with purchase. Addition or
alteration to regional & segment scope.
|
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase
options
|
|
Delivery Format
|
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
|
Report Scope:
In this report, United States Solar
Energy Market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
·
Market, by Technology:
o Solar
Photovoltaic
o Concentrated
Solar Power
·
Market, by Solar Module:
o Monocrystalline
o Polycrystalline
o Cadmium
Telluride
o Amorphous
Silicon Cells
o Others
·
Market, by Application:
o
Residential
o
Commercial
o
Industrial
·
Market, by End Use:
o
Electricity
Generation
o
Lighting
o
Heating
o
Charging
·
Market, by Installation:
o
Ground
Mounted
o
Rooftop
·
Market, by Region:
·
Market, by Company:
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies present in United States Solar Energy Market
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed
analysis and profiling of additional market players (up to five).
In case you don’t find what, you are
looking for, please get in touch with our custom research team at [email protected]