Market Size of United Kingdom Distributed Solar Power Generation Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 1.73 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
UK Distributed Solar Power Generation Market Analysis
The UK distributed solar power generation market is expected to register a CAGR of about 1.73% during the forecast period of 2022-2027, reaching around 8.45 GW by 2027, up from 7.49 GW in 2020. During Q1 2020, the UK distributed solar power facilities with a capacity range of 0 kW-5 MW witnessed no significant impact. Solar PV with a capacity of 0-4 kW saw the highest growth during Q1 2020, signifying no considerable impact of COVID-19 on the market studied. Factors like advancements in technology leading to solar panel manufacturing cost reduction and increase in efficiency have been the major factors for the growth of distributed solar power generation market in the United Kingdom. However, the changes in government policies related to the small-scale solar industry in the country are expected to hinder the growth of the market.
- The domestic or residential rooftop segment in the United Kingdom is expected to be the largest market during the forecast period, over rising environmental concerns and economic benefits of domestic distributed solar power generation.
- Commercial and industrial sectors are showing interest in distributed solar power generation due to various economic benefits and are considered a constant source of energy that can eliminate downtimes and equipment damage due to voltage fluctuations in conventional power grids. This, in turn, is expected to create a huge opportunity for the distributed solar power generation market in the country.
- The declining costs of small-scale solar PV systems and their installation have been the major factors driving the market studied. The declining trend of the average cost of solar PV panels, the cost of installation, etc., are leading to market growth.
UK Distributed Solar Power Generation Industry Segmentation
The UK distributed solar power generation market report includes:
| End User | |
| Residential | |
| Commercial and Industrial |
United Kingdom Distributed Solar Power Generation Market Size Summary
The UK distributed solar power generation market is poised for growth, driven by advancements in technology that have reduced solar panel manufacturing costs and increased efficiency. The residential rooftop segment is anticipated to dominate the market, fueled by growing environmental concerns and the economic advantages of domestic solar power generation. The commercial and industrial sectors are also showing increased interest due to the economic benefits and reliability of distributed solar power, which can mitigate issues like voltage fluctuations in traditional power grids. Despite the positive outlook, changes in government policies regarding the small-scale solar industry may pose challenges to market expansion.
The market has experienced significant growth due to the declining costs of small-scale solar PV systems and their installation. This trend has been supported by government incentives such as feed-in tariffs, which have encouraged homeowners to adopt solar power by allowing them to sell surplus energy back to the grid. Although the closure of the feed-in tariff scheme in 2019 slowed the growth of rooftop installations, new policies have been introduced to maintain momentum. The market remains moderately fragmented, with key players like Solarsense UK Limited, Custom Solar, and Canadian Solar Inc. continuing to influence its development. Recent technological advancements, such as record-breaking solar cell efficiency, further underscore the potential for continued growth in the UK's distributed solar power generation market.
United Kingdom Distributed Solar Power Generation Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in MW, till 2027
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 End User
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2.1.1 Residential
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2.1.2 Commercial and Industrial
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United Kingdom Distributed Solar Power Generation Market Size FAQs
What is the current United Kingdom Distributed Solar Power Generation Market size?
The United Kingdom Distributed Solar Power Generation Market is projected to register a CAGR of 1.73% during the forecast period (2024-2029)
Who are the key players in United Kingdom Distributed Solar Power Generation Market?
Canadian Solar Inc., Solarsense UK Limited, Custom Solar, Trina Solar Ltd and JinkoSolar Holding Co., Ltd are the major companies operating in the United Kingdom Distributed Solar Power Generation Market.
