Solar Panel Manufacturing in the US
The Solar Panel Manufacturing industry, which manufactures solar modules and cells in the United States, experienced large fluctuations in revenue over the five years to 2019. The industry has contended with intense competition from Asian manufacturers, which flooded the US market with low-cost solar modules and cells that drove down industry prices during the current period. However, stabilization of Chinese supply has yielded an increase in global solar panel prices, hindering domestic demand. In addition, the relative strength of the US dollar made exports more expensive for foreign consumers. As a result, industry revenue is expected to decline during the current period. Over the five years to 2024, industry revenue is expected to rise due to greater international demand and incentives for domestic production.
Operators in this industry manufacture solar panels and solar cells and supply these products to solar panel installers and downstream residential, commercial and utility customers. This industry does not include solar cells or solar panels manufactured abroad by US companies.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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