Residential Solar Market In US 2023-2027
The residential solar market in US is forecasted to grow by USD 1,863.96 mn during 2022-2027, accelerating at a CAGR of 7.27% during the forecast period. The report on the residential solar market in US 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 increasing investments in renewable energy, favorable government regulations, and rising number of solar PV installations.
Technavio's residential solar market in US is segmented as below:
By Technology
- Crystalline silicon
- Thin-film
By Location
- California
- Florida
- Arizona
- Rest of US
By Geographical Landscape
This study identifies residential energy storage as virtual power plants as one of the prime reasons driving the residential solar market in US growth during the next few years. Also, the market attracting new vendors and increased spending on green construction and zero-energy homes will lead to sizable demand in the market.
The report on the residential solar market in US covers the following areas:
- Residential solar market sizing in US
- Residential solar market forecast in US
- Residential solar market industry analysis in US
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 market in US vendors that include AUXIN SOLAR Inc., BrightSource Energy Inc., Canadian Solar Inc., Emeren, Enphase Energy Inc., Hanwha Corp., JA Solar Technology Co. Ltd., JinkoSolar Holding Co. Ltd., LG Corp., Panasonic Holdings Corp., Schneider Electric SE, Silfab Solar Inc., SPI Energy Co. Ltd., Sunnova Energy International Inc., Sunrun Inc., Tesla Inc., TotalEnergies SE, Trina Solar Co. Ltd., Trinity Heating and Air Inc, and Yaskawa Electric Corp.. Also, the residential solar market in US 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.