Solar Power Market in US 2025-2029

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,500	145 Pages	TechNavio	January, 2025	INF19584651

Best Price Guarantee
Price	from $2,500
Length	145 Pages
Publisher	TechNavio
Published Date	January, 2025
SKU	INF19584651

Solar Power Market In US 2025-2029

The solar power market in US is forecasted to grow by USD 21.7 billion during 2024-2029, accelerating at a CAGR of 11.1% during the forecast period. The report on the solar power 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 rise in investments in renewable energy, rising electricity demand and high cost of grid expansion, and emergence of zero-energy buildings.

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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's solar power market in US is segmented as below:

By Technology

Photovoltaic systems
Concentrated solar power systems

By Application

Utility
Residential
Commercial

By Geographical Landscape

North America

This study identifies the rising adoption of floating solar power plants as one of the prime reasons driving the solar power market in US growth during the next few years. Also, growing application of concentrated solar power in buildings and advances in thin-film solar PV modules will lead to sizable demand in the market.

The report on the solar power market in US covers the following areas:

Solar Power Market in US sizing
Solar Power Market in US forecast
Solar Power Market in US industry 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 solar power market in US vendors that include Abengoa, Acciona SA, Avantus LLC, BrightSource Energy, Canadian Solar Inc., Earthlight Technologies LLC, Envinity, First Solar Inc., Fun In The Sun Pool Heating Inc., Hanwha Corp., M. A. Mortenson Co., Nextera Energy Inc., Porter Electric LLC, Posigen Solar, Professional Solar Products, SOLV Energy, Southern Exposure Solar, Star Solar Specialists LLC, SunPower Corp., and Trina Solar Co. Ltd.. Also, the solar power 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 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 primary and secondary research. 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 accurate market growth.

1 Executive Summary: 1.1 Market overview; Executive Summary - Chart on Market Overview; Executive Summary - Data Table on Market Overview; Executive Summary - Chart on Country Market Characteristics; Executive Summary - Chart on Market Segmentation by Technology; Executive Summary - Chart on Market Segmentation by Application; Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis: 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria; Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria; 2.2 Criticality of inputs and Factors of differentiation; Overview on criticality of inputs and factors of differentiation; 2.3 Factors of disruption; Overview on factors of disruption; 2.4 Impact of drivers and challenges; Impact of drivers and challenges in 2024 and 2029
3 Market Landscape: 3.1 Market ecosystem; Parent Market; Data Table on - Parent Market; 3.2 Market characteristics; Market characteristics analysis; 3.3 Value chain analysis; Value chain analysis
4 Market Sizing: 4.1 Market definition; Offerings of companies included in the market definition; 4.2 Market segment analysis; Market segments; 4.3 Market size 2024; 4.4 Market outlook: Forecast for 2024-2029; Chart on US - Market size and forecast 2024-2029 ($ billion); Data Table on US - Market size and forecast 2024-2029 ($ billion); Chart on US: Year-over-year growth 2024-2029 (%); Data Table on US: Year-over-year growth 2024-2029 (%)
5 Historic Market Size: 5.1 Solar Power Market in US 2019 - 2023; Historic Market Size - Data Table on Solar Power Market in US 2019 - 2023 ($ billion); 5.2 Technology segment analysis 2019 - 2023; Historic Market Size - Technology Segment 2019 - 2023 ($ billion); 5.3 Application segment analysis 2019 - 2023; Historic Market Size - Application Segment 2019 - 2023 ($ billion)
6 Qualitative Analysis: 6.1 The AI impact on solar power market in US
7 Five Forces Analysis: 7.1 Five forces summary; Five forces analysis - Comparison between 2024 and 2029; 7.2 Bargaining power of buyers; Bargaining power of buyers - Impact of key factors 2024 and 2029; 7.3 Bargaining power of suppliers; Bargaining power of suppliers - Impact of key factors in 2024 and 2029; 7.4 Threat of new entrants; Threat of new entrants - Impact of key factors in 2024 and 2029; 7.5 Threat of substitutes; Threat of substitutes - Impact of key factors in 2024 and 2029; 7.6 Threat of rivalry; Threat of rivalry - Impact of key factors in 2024 and 2029; 7.7 Market condition; Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Technology: 8.1 Market segments; Chart on Technology - Market share 2024-2029 (%); Data Table on Technology - Market share 2024-2029 (%); 8.2 Comparison by Technology; Chart on Comparison by Technology; Data Table on Comparison by Technology; 8.3 Photovoltaic systems - Market size and forecast 2024-2029; Chart on Photovoltaic systems - Market size and forecast 2024-2029 ($ billion); Data Table on Photovoltaic systems - Market size and forecast 2024-2029 ($ billion); Chart on Photovoltaic systems - Year-over-year growth 2024-2029 (%); Data Table on Photovoltaic systems - Year-over-year growth 2024-2029 (%); 8.4 Concentrated solar power systems - Market size and forecast 2024-2029; Chart on Concentrated solar power systems - Market size and forecast 2024-2029 ($ billion); Data Table on Concentrated solar power systems - Market size and forecast 2024-2029 ($ billion); Chart on Concentrated solar power systems - Year-over-year growth 2024-2029 (%); Data Table on Concentrated solar power systems - Year-over-year growth 2024-2029 (%); 8.5 Market opportunity by Technology; Market opportunity by Technology ($ billion); Data Table on Market opportunity by Technology ($ billion)
9 Market Segmentation by Application: 9.1 Market segments; Chart on Application - Market share 2024-2029 (%); Data Table on Application - Market share 2024-2029 (%); 9.2 Comparison by Application; Chart on Comparison by Application; Data Table on Comparison by Application; 9.3 Utility - Market size and forecast 2024-2029; Chart on Utility - Market size and forecast 2024-2029 ($ billion); Data Table on Utility - Market size and forecast 2024-2029 ($ billion); Chart on Utility - Year-over-year growth 2024-2029 (%); Data Table on Utility - Year-over-year growth 2024-2029 (%); 9.4 Residential - Market size and forecast 2024-2029; Chart on Residential - Market size and forecast 2024-2029 ($ billion); Data Table on Residential - Market size and forecast 2024-2029 ($ billion); Chart on Residential - Year-over-year growth 2024-2029 (%); Data Table on Residential - Year-over-year growth 2024-2029 (%); 9.5 Commercial - Market size and forecast 2024-2029; Chart on Commercial - Market size and forecast 2024-2029 ($ billion); Data Table on Commercial - Market size and forecast 2024-2029 ($ billion); Chart on Commercial - Year-over-year growth 2024-2029 (%); Data Table on Commercial - Year-over-year growth 2024-2029 (%); 9.6 Market opportunity by Application; Market opportunity by Application ($ billion); Data Table on Market opportunity by Application ($ billion)
10 Customer Landscape: 10.1 Customer landscape overview; Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Drivers, Challenges, and Opportunity/Restraints: 11.1 Market drivers; 11.2 Market challenges; 11.3 Impact of drivers and challenges; Impact of drivers and challenges in 2024 and 2029; 11.4 Market opportunities/restraints
12 Competitive Landscape: 12.1 Overview; 12.2 Competitive Landscape; Overview on criticality of inputs and factors of differentiation; 12.3 Landscape disruption; Overview on factors of disruption; 12.4 Industry risks; Impact of key risks on business
13 Competitive Analysis: 13.1 Companies profiled; Companies covered; 13.2 Company ranking index; Company ranking index; 13.3 Market positioning of companies; Matrix on companies position and classification; 13.4 Abengoa; Abengoa - Overview; Abengoa - Product / Service; Abengoa - Key offerings; SWOT; 13.5 Acciona SA; Acciona SA - Overview; Acciona SA - Business segments; Acciona SA - Key news; Acciona SA - Key offerings; Acciona SA - Segment focus; SWOT; 13.6 Avantus LLC; Avantus LLC - Overview; Avantus LLC - Product / Service; Avantus LLC - Key offerings; SWOT; 13.7 BrightSource Energy; BrightSource Energy - Overview; BrightSource Energy - Product / Service; BrightSource Energy - Key offerings; SWOT; 13.8 Canadian Solar Inc.; Canadian Solar Inc. - Overview; Canadian Solar Inc. - Business segments; Canadian Solar Inc. - Key news; Canadian Solar Inc. - Key offerings; Canadian Solar Inc. - Segment focus; SWOT; 13.9 Earthlight Technologies LLC; Earthlight Technologies LLC - Overview; Earthlight Technologies LLC - Product / Service; Earthlight Technologies LLC - Key offerings; SWOT; 13.10 First Solar Inc.; First Solar Inc. - Overview; First Solar Inc. - Business segments; First Solar Inc. - Key news; First Solar Inc. - Key offerings; First Solar Inc. - Segment focus; SWOT; 13.11 Hanwha Corp.; Hanwha Corp. - Overview; Hanwha Corp. - Product / Service; Hanwha Corp. - Key news; Hanwha Corp. - Key offerings; SWOT; 13.12 M. A. Mortenson Co.; M. A. Mortenson Co. - Overview; M. A. Mortenson Co. - Product / Service; M. A. Mortenson Co. - Key offerings; SWOT; 13.13 Nextera Energy Inc.; Nextera Energy Inc. - Overview; Nextera Energy Inc. - Business segments; Nextera Energy Inc. - Key offerings; Nextera Energy Inc. - Segment focus; SWOT; 13.14 Posigen Solar; Posigen Solar - Overview; Posigen Solar - Product / Service; Posigen Solar - Key offerings; SWOT; 13.15 Professional Solar Products; Professional Solar Products - Overview; Professional Solar Products - Product / Service; Professional Solar Products - Key offerings; SWOT; 13.16 SOLV Energy; SOLV Energy - Overview; SOLV Energy - Product / Service; SOLV Energy - Key offerings; SWOT; 13.17 Star Solar Specialists LLC; Star Solar Specialists LLC - Overview; Star Solar Specialists LLC - Product / Service; Star Solar Specialists LLC - Key offerings; SWOT; 13.18 SunPower Corp.; SunPower Corp. - Overview; SunPower Corp. - Product / Service; SunPower Corp. - Key news; SunPower Corp. - Key offerings; SWOT
14 Appendix: 14.1 Scope of the report; 14.2 Inclusions and exclusions checklist; Inclusions checklist; Exclusions checklist; 14.3 Currency conversion rates for US$; Currency conversion rates for US$; 14.4 Research methodology; Research methodology; 14.5 Data procurement; Information sources; 14.6 Data validation; Data validation; 14.7 Validation techniques employed for market sizing; Validation techniques employed for market sizing; 14.8 Data synthesis; Data synthesis; 14.9 360 degree market analysis; 360 degree market analysis; 14.10 List of abbreviations; List of abbreviations
Exhibits:: Exhibits1: Executive Summary - Chart on Market Overview; Exhibits2: Executive Summary - Data Table on Market Overview; Exhibits3: Executive Summary - Chart on Country Market Characteristics; Exhibits4: Executive Summary - Chart on Market Segmentation by Technology; Exhibits5: Executive Summary - Chart on Market Segmentation by Application; Exhibits6: Executive Summary - Chart on Company Market Positioning; Exhibits7: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria; Exhibits8: Overview on criticality of inputs and factors of differentiation; Exhibits9: Overview on factors of disruption; Exhibits10: Impact of drivers and challenges in 2024 and 2029; Exhibits11: Parent Market; Exhibits12: Data Table on - Parent Market; Exhibits13: Market characteristics analysis; Exhibits14: Value chain analysis; Exhibits15: Offerings of companies included in the market definition; Exhibits16: Market segments; Exhibits17: Chart on US - Market size and forecast 2024-2029 ($ billion); Exhibits18: Data Table on US - Market size and forecast 2024-2029 ($ billion); Exhibits19: Chart on US: Year-over-year growth 2024-2029 (%); Exhibits20: Data Table on US: Year-over-year growth 2024-2029 (%); Exhibits21: Historic Market Size - Data Table on Solar Power Market in US 2019 - 2023 ($ billion); Exhibits22: Historic Market Size - Technology Segment 2019 - 2023 ($ billion); Exhibits23: Historic Market Size - Application Segment 2019 - 2023 ($ billion); Exhibits24: Five forces analysis - Comparison between 2024 and 2029; Exhibits25: Bargaining power of buyers - Impact of key factors 2024 and 2029; Exhibits26: Bargaining power of suppliers - Impact of key factors in 2024 and 2029; Exhibits27: Threat of new entrants - Impact of key factors in 2024 and 2029; Exhibits28: Threat of substitutes - Impact of key factors in 2024 and 2029; Exhibits29: Threat of rivalry - Impact of key factors in 2024 and 2029; Exhibits30: Chart on Market condition - Five forces 2024 and 2029; Exhibits31: Chart on Technology - Market share 2024-2029 (%); Exhibits32: Data Table on Technology - Market share 2024-2029 (%); Exhibits33: Chart on Comparison by Technology; Exhibits34: Data Table on Comparison by Technology; Exhibits35: Chart on Photovoltaic systems - Market size and forecast 2024-2029 ($ billion); Exhibits36: Data Table on Photovoltaic systems - Market size and forecast 2024-2029 ($ billion); Exhibits37: Chart on Photovoltaic systems - Year-over-year growth 2024-2029 (%); Exhibits38: Data Table on Photovoltaic systems - Year-over-year growth 2024-2029 (%); Exhibits39: Chart on Concentrated solar power systems - Market size and forecast 2024-2029 ($ billion); Exhibits40: Data Table on Concentrated solar power systems - Market size and forecast 2024-2029 ($ billion); Exhibits41: Chart on Concentrated solar power systems - Year-over-year growth 2024-2029 (%); Exhibits42: Data Table on Concentrated solar power systems - Year-over-year growth 2024-2029 (%); Exhibits43: Market opportunity by Technology ($ billion); Exhibits44: Data Table on Market opportunity by Technology ($ billion); Exhibits45: Chart on Application - Market share 2024-2029 (%); Exhibits46: Data Table on Application - Market share 2024-2029 (%); Exhibits47: Chart on Comparison by Application; Exhibits48: Data Table on Comparison by Application; Exhibits49: Chart on Utility - Market size and forecast 2024-2029 ($ billion); Exhibits50: Data Table on Utility - Market size and forecast 2024-2029 ($ billion); Exhibits51: Chart on Utility - Year-over-year growth 2024-2029 (%); Exhibits52: Data Table on Utility - Year-over-year growth 2024-2029 (%); Exhibits53: Chart on Residential - Market size and forecast 2024-2029 ($ billion); Exhibits54: Data Table on Residential - Market size and forecast 2024-2029 ($ billion); Exhibits55: Chart on Residential - Year-over-year growth 2024-2029 (%); Exhibits56: Data Table on Residential - Year-over-year growth 2024-2029 (%); Exhibits57: Chart on Commercial - Market size and forecast 2024-2029 ($ billion); Exhibits58: Data Table on Commercial - Market size and forecast 2024-2029 ($ billion); Exhibits59: Chart on Commercial - Year-over-year growth 2024-2029 (%); Exhibits60: Data Table on Commercial - Year-over-year growth 2024-2029 (%); Exhibits61: Market opportunity by Application ($ billion); Exhibits62: Data Table on Market opportunity by Application ($ billion); Exhibits63: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria; Exhibits64: Impact of drivers and challenges in 2024 and 2029; Exhibits65: Overview on criticality of inputs and factors of differentiation; Exhibits66: Overview on factors of disruption; Exhibits67: Impact of key risks on business; Exhibits68: Companies covered; Exhibits69: Company ranking index; Exhibits70: Matrix on companies position and classification; Exhibits71: Abengoa - Overview; Exhibits72: Abengoa - Product / Service; Exhibits73: Abengoa - Key offerings; Exhibits74: SWOT; Exhibits75: Acciona SA - Overview; Exhibits76: Acciona SA - Business segments; Exhibits77: Acciona SA - Key news; Exhibits78: Acciona SA - Key offerings; Exhibits79: Acciona SA - Segment focus; Exhibits80: SWOT; Exhibits81: Avantus LLC - Overview; Exhibits82: Avantus LLC - Product / Service; Exhibits83: Avantus LLC - Key offerings; Exhibits84: SWOT; Exhibits85: BrightSource Energy - Overview; Exhibits86: BrightSource Energy - Product / Service; Exhibits87: BrightSource Energy - Key offerings; Exhibits88: SWOT; Exhibits89: Canadian Solar Inc. - Overview; Exhibits90: Canadian Solar Inc. - Business segments; Exhibits91: Canadian Solar Inc. - Key news; Exhibits92: Canadian Solar Inc. - Key offerings; Exhibits93: Canadian Solar Inc. - Segment focus; Exhibits94: SWOT; Exhibits95: Earthlight Technologies LLC - Overview; Exhibits96: Earthlight Technologies LLC - Product / Service; Exhibits97: Earthlight Technologies LLC - Key offerings; Exhibits98: SWOT; Exhibits99: First Solar Inc. - Overview; Exhibits100: First Solar Inc. - Business segments; Exhibits101: First Solar Inc. - Key news; Exhibits102: First Solar Inc. - Key offerings; Exhibits103: First Solar Inc. - Segment focus; Exhibits104: SWOT; Exhibits105: Hanwha Corp. - Overview; Exhibits106: Hanwha Corp. - Product / Service; Exhibits107: Hanwha Corp. - Key news; Exhibits108: Hanwha Corp. - Key offerings; Exhibits109: SWOT; Exhibits110: M. A. Mortenson Co. - Overview; Exhibits111: M. A. Mortenson Co. - Product / Service; Exhibits112: M. A. Mortenson Co. - Key offerings; Exhibits113: SWOT; Exhibits114: Nextera Energy Inc. - Overview; Exhibits115: Nextera Energy Inc. - Business segments; Exhibits116: Nextera Energy Inc. - Key offerings; Exhibits117: Nextera Energy Inc. - Segment focus; Exhibits118: SWOT; Exhibits119: Posigen Solar - Overview; Exhibits120: Posigen Solar - Product / Service; Exhibits121: Posigen Solar - Key offerings; Exhibits122: SWOT; Exhibits123: Professional Solar Products - Overview; Exhibits124: Professional Solar Products - Product / Service; Exhibits125: Professional Solar Products - Key offerings; Exhibits126: SWOT; Exhibits127: SOLV Energy - Overview; Exhibits128: SOLV Energy - Product / Service; Exhibits129: SOLV Energy - Key offerings; Exhibits130: SWOT; Exhibits131: Star Solar Specialists LLC - Overview; Exhibits132: Star Solar Specialists LLC - Product / Service; Exhibits133: Star Solar Specialists LLC - Key offerings; Exhibits134: SWOT; Exhibits135: SunPower Corp. - Overview; Exhibits136: SunPower Corp. - Product / Service; Exhibits137: SunPower Corp. - Key news; Exhibits138: SunPower Corp. - Key offerings; Exhibits139: SWOT; Exhibits140: Inclusions checklist; Exhibits141: Exclusions checklist; Exhibits142: Currency conversion rates for US$; Exhibits143: Research methodology; Exhibits144: Information sources; Exhibits145: Data validation; Exhibits146: Validation techniques employed for market sizing; Exhibits147: Data synthesis; Exhibits148: 360 degree market analysis; Exhibits149: List of abbreviations