Residential Solar Market in US 2025-2029

Description

List of Tables

The residential solar market in US is forecasted to grow by USD 10927.3 million during 2024-2029, accelerating at a CAGR of 12.3% 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.

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.

Market Scope
Base Year	2025
End Year	2029
Series Year	2025-2029
Growth Momentum	Accelerate
YOY 2025	11%
CAGR	12.3%
Incremental Value	$10927.3 mn

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 Type

Rooftop solar systems
Ground-mounted solar systems

By Connectivity

On-grid solar systems
Off-grid solar systems

By Geographical Landscape

North America

This study identifies the 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, 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 in US sizing
Residential Solar Market in US forecast
Residential Solar 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 residential solar market in US vendors that include AUXIN SOLAR Inc., BrightSource Energy, Canadian Solar Inc., Emeren Group Ltd., 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 Solar 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 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.

Product Code: IRTNTR70400

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 Location
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Connectivity
- 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 ($ million)
- Data Table on US - Market size and forecast 2024-2029 ($ million)
- 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 Residential Solar Market in US 2019 - 2023
- Historic Market Size - Data Table on Residential Solar Market in US 2019 - 2023 ($ million)
5.2 Technology segment analysis 2019 - 2023
- Historic Market Size - Technology Segment 2019 - 2023 ($ million)
5.3 Location segment analysis 2019 - 2023
- Historic Market Size - Location Segment 2019 - 2023 ($ million)
5.4 Type segment analysis 2019 - 2023
- Historic Market Size - Type Segment 2019 - 2023 ($ million)
5.5 Connectivity segment analysis 2019 - 2023
- Historic Market Size - Connectivity Segment 2019 - 2023 ($ million)

6 Qualitative Analysis

6.1 Impact of AI in the Residential Solar 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 Crystalline silicon - Market size and forecast 2024-2029
- Chart on Crystalline silicon - Market size and forecast 2024-2029 ($ million)
- Data Table on Crystalline silicon - Market size and forecast 2024-2029 ($ million)
- Chart on Crystalline silicon - Year-over-year growth 2024-2029 (%)
- Data Table on Crystalline silicon - Year-over-year growth 2024-2029 (%)
8.4 Thin-film - Market size and forecast 2024-2029
- Chart on Thin-film - Market size and forecast 2024-2029 ($ million)
- Data Table on Thin-film - Market size and forecast 2024-2029 ($ million)
- Chart on Thin-film - Year-over-year growth 2024-2029 (%)
- Data Table on Thin-film - Year-over-year growth 2024-2029 (%)
8.5 Market opportunity by Technology
- Market opportunity by Technology ($ million)
- Data Table on Market opportunity by Technology ($ million)

9 Market Segmentation by Location

9.1 Market segments
- Chart on Location - Market share 2024-2029 (%)
- Data Table on Location - Market share 2024-2029 (%)
9.2 Comparison by Location
- Chart on Comparison by Location
- Data Table on Comparison by Location
9.3 California - Market size and forecast 2024-2029
- Chart on California - Market size and forecast 2024-2029 ($ million)
- Data Table on California - Market size and forecast 2024-2029 ($ million)
- Chart on California - Year-over-year growth 2024-2029 (%)
- Data Table on California - Year-over-year growth 2024-2029 (%)
9.4 Florida - Market size and forecast 2024-2029
- Chart on Florida - Market size and forecast 2024-2029 ($ million)
- Data Table on Florida - Market size and forecast 2024-2029 ($ million)
- Chart on Florida - Year-over-year growth 2024-2029 (%)
- Data Table on Florida - Year-over-year growth 2024-2029 (%)
9.5 Arizona - Market size and forecast 2024-2029
- Chart on Arizona - Market size and forecast 2024-2029 ($ million)
- Data Table on Arizona - Market size and forecast 2024-2029 ($ million)
- Chart on Arizona - Year-over-year growth 2024-2029 (%)
- Data Table on Arizona - Year-over-year growth 2024-2029 (%)
9.6 Rest of US - Market size and forecast 2024-2029
- Chart on Rest of US - Market size and forecast 2024-2029 ($ million)
- Data Table on Rest of US - Market size and forecast 2024-2029 ($ million)
- Chart on Rest of US - Year-over-year growth 2024-2029 (%)
- Data Table on Rest of US - Year-over-year growth 2024-2029 (%)
9.7 Market opportunity by Location
- Market opportunity by Location ($ million)
- Data Table on Market opportunity by Location ($ million)

10 Market Segmentation by Type

10.1 Market segments
- Chart on Type - Market share 2024-2029 (%)
- Data Table on Type - Market share 2024-2029 (%)
10.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
10.3 Rooftop solar systems - Market size and forecast 2024-2029
- Chart on Rooftop solar systems - Market size and forecast 2024-2029 ($ million)
- Data Table on Rooftop solar systems - Market size and forecast 2024-2029 ($ million)
- Chart on Rooftop solar systems - Year-over-year growth 2024-2029 (%)
- Data Table on Rooftop solar systems - Year-over-year growth 2024-2029 (%)
10.4 Ground-mounted solar systems - Market size and forecast 2024-2029
- Chart on Ground-mounted solar systems - Market size and forecast 2024-2029 ($ million)
- Data Table on Ground-mounted solar systems - Market size and forecast 2024-2029 ($ million)
- Chart on Ground-mounted solar systems - Year-over-year growth 2024-2029 (%)
- Data Table on Ground-mounted solar systems - Year-over-year growth 2024-2029 (%)
10.5 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)

11 Market Segmentation by Connectivity

11.1 Market segments
- Chart on Connectivity - Market share 2024-2029 (%)
- Data Table on Connectivity - Market share 2024-2029 (%)
11.2 Comparison by Connectivity
- Chart on Comparison by Connectivity
- Data Table on Comparison by Connectivity
11.3 On-grid solar systems - Market size and forecast 2024-2029
- Chart on On-grid solar systems - Market size and forecast 2024-2029 ($ million)
- Data Table on On-grid solar systems - Market size and forecast 2024-2029 ($ million)
- Chart on On-grid solar systems - Year-over-year growth 2024-2029 (%)
- Data Table on On-grid solar systems - Year-over-year growth 2024-2029 (%)
11.4 Off-grid solar systems - Market size and forecast 2024-2029
- Chart on Off-grid solar systems - Market size and forecast 2024-2029 ($ million)
- Data Table on Off-grid solar systems - Market size and forecast 2024-2029 ($ million)
- Chart on Off-grid solar systems - Year-over-year growth 2024-2029 (%)
- Data Table on Off-grid solar systems - Year-over-year growth 2024-2029 (%)
11.5 Market opportunity by Connectivity
- Market opportunity by Connectivity ($ million)
- Data Table on Market opportunity by Connectivity ($ million)

12 Customer Landscape

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

13 Drivers, Challenges, and Opportunity/Restraints

13.1 Market drivers
13.2 Market challenges
13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
13.4 Market opportunities/restraints

14 Competitive Landscape

14.1 Overview
14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
14.3 Landscape disruption
- Overview on factors of disruption
14.4 Industry risks
- Impact of key risks on business

15 Competitive Analysis

15.1 Companies profiled
- Companies covered
15.2 Company ranking index
- Company ranking index
15.3 Market positioning of companies
- Matrix on companies position and classification
15.4 AUXIN SOLAR Inc.
- AUXIN SOLAR Inc. - Overview
- AUXIN SOLAR Inc. - Product / Service
- AUXIN SOLAR Inc. - Key offerings
- SWOT
15.5 BrightSource Energy
- BrightSource Energy - Overview
- BrightSource Energy - Product / Service
- BrightSource Energy - Key offerings
- SWOT
15.6 Enphase Energy Inc.
- Enphase Energy Inc. - Overview
- Enphase Energy Inc. - Product / Service
- Enphase Energy Inc. - Key news
- Enphase Energy Inc. - Key offerings
- SWOT
15.7 Hanwha Corp.
- Hanwha Corp. - Overview
- Hanwha Corp. - Product / Service
- Hanwha Corp. - Key news
- Hanwha Corp. - Key offerings
- SWOT
15.8 LG Corp.
- LG Corp. - Overview
- LG Corp. - Business segments
- LG Corp. - Key news
- LG Corp. - Key offerings
- LG Corp. - Segment focus
- SWOT
15.9 Panasonic Holdings Corp.
- Panasonic Holdings Corp. - Overview
- Panasonic Holdings Corp. - Business segments
- Panasonic Holdings Corp. - Key news
- Panasonic Holdings Corp. - Key offerings
- Panasonic Holdings Corp. - Segment focus
- SWOT
15.10 Schneider Electric SE
- Schneider Electric SE - Overview
- Schneider Electric SE - Business segments
- Schneider Electric SE - Key news
- Schneider Electric SE - Key offerings
- Schneider Electric SE - Segment focus
- SWOT
15.11 Silfab Solar Inc.
- Silfab Solar Inc. - Overview
- Silfab Solar Inc. - Product / Service
- Silfab Solar Inc. - Key offerings
- SWOT
15.12 Sunnova Energy International Inc.
- Sunnova Energy International Inc. - Overview
- Sunnova Energy International Inc. - Business segments
- Sunnova Energy International Inc. - Key offerings
- Sunnova Energy International Inc. - Segment focus
- SWOT
15.13 Sunrun Inc.
- Sunrun Inc. - Overview
- Sunrun Inc. - Product / Service
- Sunrun Inc. - Key offerings
- SWOT
15.14 Tesla Inc.
- Tesla Inc. - Overview
- Tesla Inc. - Business segments
- Tesla Inc. - Key news
- Tesla Inc. - Key offerings
- Tesla Inc. - Segment focus
- SWOT
15.15 TotalEnergies SE
- TotalEnergies SE - Overview
- TotalEnergies SE - Business segments
- TotalEnergies SE - Key news
- TotalEnergies SE - Key offerings
- TotalEnergies SE - Segment focus
- SWOT
15.16 Trina Solar Co. Ltd.
- Trina Solar Co. Ltd. - Overview
- Trina Solar Co. Ltd. - Product / Service
- Trina Solar Co. Ltd. - Key news
- Trina Solar Co. Ltd. - Key offerings
- SWOT
15.17 Trinity Solar Inc.
- Trinity Solar Inc. - Overview
- Trinity Solar Inc. - Product / Service
- Trinity Solar Inc. - Key offerings
- SWOT
15.18 Yaskawa Electric Corp.
- Yaskawa Electric Corp. - Overview
- Yaskawa Electric Corp. - Business segments
- Yaskawa Electric Corp. - Key news
- Yaskawa Electric Corp. - Key offerings
- Yaskawa Electric Corp. - Segment focus
- SWOT

16 Appendix

16.1 Scope of the report
16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
16.3 Currency conversion rates for US$
- Currency conversion rates for US$
16.4 Research methodology
- Research methodology
16.5 Data procurement
- Information sources
16.6 Data validation
- Data validation
16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
16.8 Data synthesis
- Data synthesis
16.9 360 degree market analysis
- 360 degree market analysis
16.10 List of abbreviations
- List of abbreviations