Market Size of United States Fixed-tilt Solar PV Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 13.60 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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US Fixed-tilt Solar PV Market Analysis
The US fixed-tilt solar PV market is expected to register a CAGR of 13.6% during the forecast period 2020-2025. Factors, such as the lower cost of fixed-tilt solar system, in comparison with tracking solar system, are likely to drive the market during the forecast period. However, the amount of electricity generated by the fixed-tilt is lesser than solar tracking system, which is likely to restrain the growth of the market in the coming years.
- Thin-film photovoltaic module is the breakthrough in solar technology and is rapidly increasing its share in the solar power sector, which is likely to dominate the market during the forecast period.
- The utility-scale fixed-tilt systems cost is expected to be USD 0.70 per watt by 2022, which opens up new possibilities for ultra-cheap power from solar. This is expected to create an opportunity for fixed-tilt solar PV system in the coming years.
- Increasing adoption of tracking system is expected to restrain the market of fixed-tilt solar system during the forecast period.
US Fixed-tilt Solar PV Industry Segmentation
The United States fixed-tilt solar PV market report include:
| Technology | |
| Crystalline Silicon | |
| Thin Film |
| Application | |
| Utility | |
| Non-utility |
United States Fixed-tilt Solar PV Market Size Summary
The US fixed-tilt solar PV market is poised for significant growth, driven by the cost-effectiveness of fixed-tilt systems compared to their tracking counterparts. Despite the lower electricity generation capacity of fixed-tilt systems, their affordability is a key factor propelling market expansion. The emergence of thin-film photovoltaic modules, which are rapidly gaining traction in the solar power sector, is expected to dominate the market during the forecast period. These modules, known for their lightweight and efficient design, offer a cost-effective alternative to traditional silicon solar cells, contributing to their increasing adoption in utility-scale and building-integrated photovoltaic systems.
However, the growing preference for tracking systems, which automatically follow the sun to optimize energy capture, poses a challenge to the fixed-tilt solar PV market. Although tracking systems are more expensive, their ability to generate surplus power justifies the higher initial investment, leading to a shift in new installations towards tracking systems. This trend is expected to restrain the growth of fixed-tilt systems in the coming years. The market is consolidated, with key players such as Canadian Solar Inc, ENGIE SA, First Solar Inc, Solar FlexRack, and UNIRAC Inc. playing significant roles in shaping the competitive landscape.
United States Fixed-tilt Solar PV 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 Renewable Energy Mix, in United States, 2019
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1.3 Solar PV Installed Capacity and Forecast, in MW, until 2025
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1.4 Key Projects Information
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1.4.1 Projects in Pipeline
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1.4.2 Upcoming and Planned Projects
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1.5 Recent Trends and Developments
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1.6 Government Policies and Regulations
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1.7 Market Dynamics
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1.7.1 Drivers
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1.7.2 Restraints
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1.8 Supply Chain Analysis
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1.9 Porter's Five Forces Analysis
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1.9.1 Bargaining Power of Suppliers
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1.9.2 Bargaining Power of Consumers
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1.9.3 Threat of New Entrants
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1.9.4 Threat of Substitutes Products and Services
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1.9.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Technology
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2.1.1 Crystalline Silicon
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2.1.2 Thin Film
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2.2 Application
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2.2.1 Utility
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2.2.2 Non-utility
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United States Fixed-tilt Solar PV Market Size FAQs
What is the current United States Fixed-tilt Solar PV Market size?
The United States Fixed-tilt Solar PV Market is projected to register a CAGR of greater than 13.60% during the forecast period (2024-2029)
Who are the key players in United States Fixed-tilt Solar PV Market?
Canadian Solar Inc, ENGIE SA, First Solar Inc, Solar FlexRack and UNIRAC Inc. are the major companies operating in the United States Fixed-tilt Solar PV Market.
