The "United States Solar Electric Power Generation Market" size was valued at US$ 34.2 billion in 2024 and is projected to reach US$ 62800.0 million by 2030, at a CAGR of 10.60% during the forecast period 2024-2030.
Solar Electric Power Generation in the United States: Solar electric power generation involves converting sunlight into electricity using photovoltaic (PV) panels or concentrated solar power (CSP) systems. In the United States, this sector has experienced significant growth, driven by federal incentives, declining solar panel costs, and increased investment in renewable energy to combat climate change. Solar power accounts for a growing share of the nation's energy mix, with utility-scale projects, residential rooftop installations, and community solar programs contributing to its expansion. States like California, Texas, and Florida lead in solar capacity, supported by favorable policies and abundant sunlight.
Solar Electric Power Generation involves the conversion of sunlight into electricity using photovoltaic panels or concentrated solar power systems, including utility-scale, commercial, and residential installations.
The US Solar Electric Power Generation market is experiencing rapid growth, driven by falling costs, technological improvements, and supportive policies at federal and state levels. In 2023, total installed capacity reached 130 GW, with utility-scale solar accounting for 60% of market value. The market saw a 20% increase in new installations in 2023, particularly in the Southwest and California. Residential solar adoption is growing at 15% annually. The market is witnessing a trend towards higher efficiency modules, with a 10% year-over-year increase in the average efficiency of newly installed panels. Adoption of bifacial modules and tracking systems grew by 30% in 2023. Leading manufacturers are focusing on developing next-generation cell technologies, with a 40% increase in R&D investments for perovskite and multi-junction cells. The industry is also seeing increased integration of solar with energy storage, with a 50% rise in solar-plus-storage installations for both utility-scale and distributed projects.
This report contains market size and forecasts of Solar Electric Power Generation in United States, including the following market information:
- United States Solar Electric Power Generation Market Revenue, 2019-2024, 2024-2030, ($ millions)
- United States Solar Electric Power Generation Market Sales, 2019-2024, 2024-2030,
- United States Top five Solar Electric Power Generation companies in 2023 (%)
Report Includes
This report presents an overview of United States market for Solar Electric Power Generation , sales, revenue and price. Analyses of the United States market trends, with historic market revenue/sales data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.
This report focuses on the Solar Electric Power Generation sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the United States Solar Electric Power Generation market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues.
This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type, and by Sales Channels, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Humidifier sales, projected growth trends, production technology, sales channels and end-user industry.
By Type
- Traditional Solar Power Generation Systems
- New Solar Power Generation Systems
By Applications
- Residential Use
- Industrial Use
- Commercial Use
Key Companies
- First Solar, Inc.
- NextEra Energy, Inc.
- SunPower Corporation
- SolarEdge Technologies, Inc.
- Sunrun Inc.
- Vivint Solar, Inc.
- Enphase Energy, Inc.
- Tesla, Inc. (SolarCity)
- SunEnergy1
- AES Solar
Including or excluding key companies relevant to your analysis.
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Solar Electric Power Generation revenues in United Statesn market, 2019-2024 (Estimated), ($ millions)
- Key companies Solar Electric Power Generation revenues share in United Statesn market, 2023 (%)
- Key companies Solar Electric Power Generation sales in United Statesn market, 2019-2024 (Estimated),
- Key companies Solar Electric Power Generation sales share in United Statesn market, 2023 (%)
Key Indicators Analysed
- Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2019-2030 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
- United Statesn Market Analysis: The report includes United Statesn market status and outlook 2019-2030. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
- Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
- Opportunities and Drivers: Identifying the Growing Demands and New Technology
- Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
Key Benefits of This Market Research:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Solar Electric Power Generation Market
- Overview of the regional outlook of the Solar Electric Power Generation Market
Key Reasons to Buy this Report:
- Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
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- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
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