The US rooftop solar panel market is estimated to grow modestly at a CAGR of around 7.1% during the forecast period. The US is one of the key countries in which the emphasis is on the uses of renewable energy. Owing to which the opportunities for the energy created from solar sources are expected to increase in the coming years. Furthermore, the US has the largest utility-scale installations which are located in the Southwest desert. The US contributes significantly to the revenue generation of the rooftop solar panel market in North America. The US is expected to contribute significantly due to a rise in the adoption of solar panel technology so as to reduce electricity costs in Hospitals, industries, malls among various others.
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The companies which are contributing to the growth of the US rooftop solar panel market include First Solar, Inc., SunPower Corp., Canadian Solar, Inc., Kyocera Corp., and Wuxi Suntech Power Co., Ltd. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. For instance, in February 2019, SunPower Corp. acquired SolarWorld Americas facility in Hillsboro, Oregon. The company is assembling its high-quality 19% efficient performance series solar panel (P19 or P-Series) for commercial customers in the US factory.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
US Rooftop Solar Panel Market by Type
- Monocrystalline Solar Panel
- Polycrystalline Solar Panel
- Thin-Film Crystalline Solar Panel
- Amorphous Silicon (a-Si)
- Cadmium Telluride (CdTe)
- Copper Indium Gallium Selenide (CIS/CIGS)
- Other Solar Panels
US Rooftop Solar Panel Market by End-User
- Household Sector
- Corporate Sector
Company Profiles
- Canadian Solar, Inc.
- First Solar, Inc.
- Hanwha SolarOne Co. Ltd.
- Kyocera Corp.
- Sharp Corp.
- SoloPower Systems, Inc.
- SunEdison, Inc.
- SunPower Corp.
- Trina Solar Energy Co., Ltd.
- Wuxi Suntech Power Co., Ltd.
The Report Covers
- Comprehensive research methodology of the US rooftop solar panel market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the US rooftop solar panel market.
- Insights about market determinants which are stimulating the US rooftop solar panel market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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