US Distributed Solar Power Generation Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 10.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
US Distributed Solar Power Generation Market Analysis
The United States distributed solar power generation market is expected to grow at a CAGR of more than 10% during the forecast period of 2020 - 2025. Factors such as rising environmental concerns and high cost of grid expansion are expected to be major drivers driving the market. Also, advancement in technology leading to solar panel manufacturing cost reduction and increase in efficiency has been a major factor for the growth of the United States distributed solar power generation market. However, widespread usage of hydropower for electricity generation in the country has somewhat hampered the growth of the market.
- The gradual shift from energy generation from conventional sources such as coal and natural gas to clean energy is expected to help grow the United States distributed solar power generation market.
- Commercial and industrial sectors are showing a growing interest in distributed solar power generation, due to various economic benefits and a constant source of energy to eliminate downtimes and equipment damage due to voltage fluctuations in conventional power grids. This have created a huge opportunity for distributed solar power generation market in the region.
- United States is expected to witness a significant growth in forecast period, over rising environmental concerns and economical benefits of domestic distributed solar power generation. The country accounts for over 10% of global solar capacity and over 16% of global wind capacity 2018.
US Distributed Solar Power Generation Market Trends
This section covers the major market trends shaping the US Distributed Solar Power Generation Market according to our research experts:
Increasing Demand for Clean Electricity
- Increasing demand for clean energy is one of the primary drivers for the distributed solar power generation market in the country. The country is actively shifting from conventional energy-producing sources to clean energy sources and produced over 16.7% of the total electricity generated from hydropower and renewables combined.
- Rooftop solar offers the benefits of modern electricity services to households that had no access to electricity, reducing electricity costs on islands and in other remote locations that are dependent on oil-fired generation, as well as enabling residents and small businesses to generate their own electricity.
- Commercial and industrial systems are expected to become the largest growth segment because they are usually more inexpensive and have a relatively stable load profile during the day that can enable larger savings on electricity bills, depending on the policy scheme in place.
- Therefore, the aforementioned factors are expected to drive the market in forecast period.
Electricity Generation from Hydropower to Restraint the Market
- Hydropower in the country has had a long history of providing clean and clean energy for a long time. The country has an installed capacity of 103,000 MW of hydropower and produced over 288.7 TWh of electricity, in 2018.
- The country has a history of over a decade of electricity generation from hydropower starting before 1900. The country has about 80GW in conventional hydropower and 23 GW in pumped storage hydropower.
- Hydropower maintains an edge over other renewable energy resources in the country due to its reliability in cold and harsh weather faced by the northern part of the country.
- Therefore, the harsh weather in the country in winters and more reliability on hydropower are expected to be the major restraint of the distributed solar power generation market in the country.
US Distributed Solar Power Generation Industry Overview
The United States distributed solar power generation market is partially fragmented with a lot of big and small players. Some of the major companies are First Solar Inc, Juwi Solar Inc., Solarcity Corporation, Yingli Solar, Wuxi Suntech Power Co. Ltd. among others.
US Distributed Solar Power Generation Market Leaders
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Wuxi Suntech Power Co. Ltd.
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Yingli Solar
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Solarcity Corporation
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Juwi Solar Inc.
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First Solar Inc
*Disclaimer: Major Players sorted in no particular order
US Distributed Solar Power Generation Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Scope of the Study
- 1.2 Market Definition
- 1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
- 4.1 Introduction
- 4.2 Installed Capacity and Forecast in MW, till 2025
- 4.3 Recent Trends and Developments
- 4.4 Government Policies and Regulations
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4.5 Market Dynamics
- 4.5.1 Drivers
- 4.5.2 Restraints
- 4.6 Supply Chain Analysis
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4.7 Porter's Five Forces Analysis
- 4.7.1 Bargaining Power of Suppliers
- 4.7.2 Bargaining Power of Consumers
- 4.7.3 Threat of New Entrants
- 4.7.4 Threat of Substitutes Products and Services
- 4.7.5 Intensity of Competitive Rivalry
5. COMPETITIVE LANDSCAPE
- 5.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 5.2 Strategies Adopted by Leading Players
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5.3 Company Profiles
- 5.3.1 Wuxi Suntech Power Co., Ltd.
- 5.3.2 First Solar Inc
- 5.3.3 Juwi Solar, inc.
- 5.3.4 Canadian Solar Inc.
- 5.3.5 SolarCity Corporation.
- 5.3.6 Activ Solar GmbH
- 5.3.7 Yingli Solar
- 5.3.8 Trina Solar Limited
- 5.3.9 Sharp Solar Energy Solutions Group
- 5.3.10 JinkoSolar Holding Co., Ltd.
- *List Not Exhaustive
6. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityUS Distributed Solar Power Generation Industry Segmentation
The United States distributed solar power generation market report include:
US Distributed Solar Power Generation Market Research FAQs
What is the current United States Distributed Solar Power Generation Market size?
The United States Distributed Solar Power Generation Market is projected to register a CAGR of greater than 10% during the forecast period (2024-2029)
Who are the key players in United States Distributed Solar Power Generation Market?
Wuxi Suntech Power Co. Ltd. , Yingli Solar , Solarcity Corporation , Juwi Solar Inc. and First Solar Inc are the major companies operating in the United States Distributed Solar Power Generation Market.
What years does this United States Distributed Solar Power Generation Market cover?
The report covers the United States Distributed Solar Power Generation Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the United States Distributed Solar Power Generation Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
USA Distributed Solar Generation Industry Report
Statistics for the 2024 USA Distributed Solar Generation market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. USA Distributed Solar Generation analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
