Global Residential Solar PV Systems Market 2023-2027
The residential solar PV systems market is forecasted to grow by USD 14.17 bn during 2022-2027, accelerating at a CAGR of 5.22% during the forecast period. The report on the residential solar PV systems market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by favourable government policies for solar power, increasing investments in renewable energy, and rising solar PV installations.
Technavio's residential solar PV systems market is segmented as below:
By Type
By Technology
- Crystalline silicon
- Thin film
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the increasing adoption of microgrids as one of the prime reasons driving the residential solar PV systems market growth during the next few years. Also, reduced residential solar PV system costs and development of zero-energy buildings will lead to sizable demand in the market.
The report on the residential solar PV systems market covers the following areas:
- Residential solar PV systems market sizing
- Residential solar PV systems market forecast
- Residential solar PV systems market analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading residential solar PV systems market vendors that include ABB Ltd., Canadian Solar Inc., Enphase Energy Inc., Hanwha Corp., Huawei Technologies Co. Ltd., Jiangsu SUMEC Group Co. Ltd., JinkoSolar Holding Co. Ltd., Kyocera Corp., LG Corp., Panasonic Holdings Corp., Reliance Industries Ltd., Schneider Electric SE, Sharp Corp., SMA Solar Technology AG, SolarEdge Technologies Inc., Sunrun Inc., Tesla Inc., TotalEnergies SE, Trina Solar Co. Ltd., and Vivint Inc.. Also, the residential solar PV systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.