Market Size of United States 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 | 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 Industry Segmentation
The United States distributed solar power generation market report include:
United States Distributed Solar Power Generation Market Size Summary
The United States distributed solar power generation market is poised for substantial growth, driven by increasing environmental concerns and the high costs associated with grid expansion. Technological advancements have significantly reduced solar panel manufacturing costs and enhanced efficiency, further propelling market expansion. The transition from conventional energy sources like coal and natural gas to cleaner energy alternatives is expected to bolster the market. Despite the dominance of hydropower in the country's energy mix, which has historically provided reliable clean energy, the commercial and industrial sectors are increasingly adopting distributed solar power systems. This shift is motivated by the economic benefits and the reliability of solar power in mitigating downtimes and voltage fluctuations associated with traditional power grids.
The demand for clean energy is a key factor driving the growth of the distributed solar power generation market in the United States. The country is actively transitioning to renewable energy sources, with a significant portion of its electricity generated from hydropower and other renewables. Rooftop solar systems are particularly beneficial in remote areas, offering cost savings and energy independence. The commercial and industrial segments are anticipated to be the largest growth areas due to their stable energy demands and potential for significant savings on electricity bills. However, the market faces challenges from the established hydropower sector, which remains a reliable energy source, especially in harsh winter conditions. The market is characterized by a mix of large and small players, including major companies like First Solar Inc., Juwi Solar Inc., and Solarcity Corporation, contributing to its fragmented nature.
United States Distributed Solar Power Generation Market Size - Table of Contents
-
1. MARKET OVERVIEW
-
1.1 Introduction
-
1.2 Installed Capacity and Forecast in MW, till 2025
-
1.3 Recent Trends and Developments
-
1.4 Government Policies and Regulations
-
1.5 Market Dynamics
-
1.5.1 Drivers
-
1.5.2 Restraints
-
-
1.6 Supply Chain Analysis
-
1.7 Porter's Five Forces Analysis
-
1.7.1 Bargaining Power of Suppliers
-
1.7.2 Bargaining Power of Consumers
-
1.7.3 Threat of New Entrants
-
1.7.4 Threat of Substitutes Products and Services
-
1.7.5 Intensity of Competitive Rivalry
-
-
United States Distributed Solar Power Generation Market Size 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.
