Solar Power Market in US 2024-2028

List of Tables

Global Solar Power Market In US 2024-2028

The solar power market in us is forecasted to grow by USD 20.8 bn during 2023-2028, accelerating at a CAGR of 11.55% 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.

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	10.49%
CAGR	11.55%
Incremental Value	$20.8 bn

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 SA, Acciona SA, Avantus LLC, BrightSource Energy Inc., 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 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.

Product Code: IRTNTR72264

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 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ billion)
- Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Chart on US: Year-over-year growth 2023-2028 (%)
- Data Table on US: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Solar Power Market in US 2018 - 2022
- Historic Market Size - Data Table on Solar Power Market in US 2018 - 2022 ($ billion)
4.2 Technology segment analysis 2018 - 2022
- Historic Market Size - Technology Segment 2018 - 2022 ($ billion)
4.3 Application segment analysis 2018 - 2022
- Historic Market Size - Application Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Technology

6.1 Market segments
- Chart on Technology - Market share 2023-2028 (%)
- Data Table on Technology - Market share 2023-2028 (%)
6.2 Comparison by Technology
- Chart on Comparison by Technology
- Data Table on Comparison by Technology
6.3 Photovoltaic systems - Market size and forecast 2023-2028
- Chart on Photovoltaic systems - Market size and forecast 2023-2028 ($ billion)
- Data Table on Photovoltaic systems - Market size and forecast 2023-2028 ($ billion)
- Chart on Photovoltaic systems - Year-over-year growth 2023-2028 (%)
- Data Table on Photovoltaic systems - Year-over-year growth 2023-2028 (%)
6.4 Concentrated solar power systems - Market size and forecast 2023-2028
- Chart on Concentrated solar power systems - Market size and forecast 2023-2028 ($ billion)
- Data Table on Concentrated solar power systems - Market size and forecast 2023-2028 ($ billion)
- Chart on Concentrated solar power systems - Year-over-year growth 2023-2028 (%)
- Data Table on Concentrated solar power systems - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Technology
- Market opportunity by Technology ($ billion)
- Data Table on Market opportunity by Technology ($ billion)

7 Market Segmentation by Application

7.1 Market segments
- Chart on Application - Market share 2023-2028 (%)
- Data Table on Application - Market share 2023-2028 (%)
7.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
7.3 Utility - Market size and forecast 2023-2028
- Chart on Utility - Market size and forecast 2023-2028 ($ billion)
- Data Table on Utility - Market size and forecast 2023-2028 ($ billion)
- Chart on Utility - Year-over-year growth 2023-2028 (%)
- Data Table on Utility - Year-over-year growth 2023-2028 (%)
7.4 Residential - Market size and forecast 2023-2028
- Chart on Residential - Market size and forecast 2023-2028 ($ billion)
- Data Table on Residential - Market size and forecast 2023-2028 ($ billion)
- Chart on Residential - Year-over-year growth 2023-2028 (%)
- Data Table on Residential - Year-over-year growth 2023-2028 (%)
7.5 Commercial - Market size and forecast 2023-2028
- Chart on Commercial - Market size and forecast 2023-2028 ($ billion)
- Data Table on Commercial - Market size and forecast 2023-2028 ($ billion)
- Chart on Commercial - Year-over-year growth 2023-2028 (%)
- Data Table on Commercial - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by Application
- Market opportunity by Application ($ billion)
- Data Table on Market opportunity by Application ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Opportunity/Restraints

9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints

10 Competitive Landscape

10.1 Overview
10.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
- Overview on factors of disruption
10.4 Industry risks
- Impact of key risks on business

11 Competitive Analysis

11.1 Companies profiled
- Companies covered
11.2 Market positioning of companies
- Matrix on companies position and classification
11.3 Abengoa SA
- Abengoa SA - Overview
- Abengoa SA - Product / Service
- Abengoa SA - Key offerings
11.4 Acciona SA
- Acciona SA - Overview
- Acciona SA - Business segments
- Acciona SA - Key news
- Acciona SA - Key offerings
- Acciona SA - Segment focus
11.5 Avantus LLC
- Avantus LLC - Overview
- Avantus LLC - Product / Service
- Avantus LLC - Key offerings
11.6 BrightSource Energy Inc.
- BrightSource Energy Inc. - Overview
- BrightSource Energy Inc. - Product / Service
- BrightSource Energy Inc. - Key offerings
11.7 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
11.8 Earthlight Technologies LLC
- Earthlight Technologies LLC - Overview
- Earthlight Technologies LLC - Product / Service
- Earthlight Technologies LLC - Key offerings
11.9 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
11.10 Hanwha Corp.
- Hanwha Corp. - Overview
- Hanwha Corp. - Product / Service
- Hanwha Corp. - Key news
- Hanwha Corp. - Key offerings
11.11 M. A. Mortenson Co.
- M. A. Mortenson Co. - Overview
- M. A. Mortenson Co. - Product / Service
- M. A. Mortenson Co. - Key offerings
11.12 Nextera Energy Inc.
- Nextera Energy Inc. - Overview
- Nextera Energy Inc. - Business segments
- Nextera Energy Inc. - Key offerings
- Nextera Energy Inc. - Segment focus
11.13 Posigen Solar
- Posigen Solar - Overview
- Posigen Solar - Product / Service
- Posigen Solar - Key offerings
11.14 Professional Solar Products
- Professional Solar Products - Overview
- Professional Solar Products - Product / Service
- Professional Solar Products - Key offerings
11.15 SOLV Energy
- SOLV Energy - Overview
- SOLV Energy - Product / Service
- SOLV Energy - Key offerings
11.16 Star Solar Specialists LLC
- Star Solar Specialists LLC - Overview
- Star Solar Specialists LLC - Product / Service
- Star Solar Specialists LLC - Key offerings
11.17 SunPower Corp.
- SunPower Corp. - Overview
- SunPower Corp. - Product / Service
- SunPower Corp. - Key news
- SunPower Corp. - Key offerings

12 Appendix

12.1 Scope of the report
12.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
12.3 Currency conversion rates for US$
- Currency conversion rates for US$
12.4 Research methodology
- Research methodology
12.5 Data procurement
- Information sources
12.6 Data validation
- Data validation
12.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
12.8 Data synthesis
- Data synthesis
12.9 360 degree market analysis
- 360 degree market analysis
12.10 List of abbreviations
- List of abbreviations