United States Fixed-tilt Solar PV Market Size (2024 - 2029)

The US fixed-tilt solar PV market is anticipated to experience growth driven by the cost advantages of fixed-tilt systems compared to tracking systems. Despite the lower electricity generation capacity of fixed-tilt systems, their affordability is expected to enhance their market presence. The increasing share of thin-film photovoltaic modules is also projected to influence the market dynamics. However, the growing adoption of tracking systems may pose challenges to the expansion of the fixed-tilt solar PV market.

US Fixed-tilt Solar PV Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

US Fixed-tilt Solar PV Market Size

United States Fixed Tilt Solar PV Market Size
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 13.60 %

Major Players

United States Fixed Tilt Solar PV Market Key Players

*Disclaimer: Major Players sorted in no particular order

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
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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.

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United States Fixed-tilt Solar PV Market Size - Table of Contents

1. MARKET SEGMENTATION

  • 1.1 Technology
    • 1.1.1 Crystalline Silicon
    • 1.1.2 Thin Film
  • 1.2 Application
    • 1.2.1 Utility
    • 1.2.2 Non-utility

US Fixed-tilt Solar PV Market Research 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.