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North America Solar PV Market Growth, Size, Trends Analysis - By Connectivity, By Mounting, By End-User - Regional Outlook, Competitive Strategies and Segment Forecast to 2034

Publisher SPER Market Research Pvt. Ltd.
Published May 14, 2025
Length 170 Pages
SKU # SPER20186972

Description

America Solar PV Market Introduction and Overview

According to SPER market research, ‘North America Solar PV Market Size– By Connectivity, By Mounting, By End-User – Regional Outlook, Competitive Strategies and Segment Forecast to 2034’ state that the North America Solar PV Market is predicted to reach 58.15 billion by 2034 with a CAGR of 6.43%.

Solar photovoltaic (PV) technology converts sunlight into electricity using semiconductor materials. This process occurs when solar energy excites electrons, creating an electric current. Solar PV systems include panels, inverters, and other electrical components that capture and deliver solar energy for various uses.

Restraints:

High initial installation prices remain a barrier for the North American solar photovoltaic industry, potentially restricting expansion despite decreased solar technology costs. The average cost of residential solar installation in the United States ranges between $15,000 and $25,000 before tax incentives, posing a significant financial burden for many homeowners. While the Solar Energy Industries Association (SEIA) reports that installation costs have decreased by 53% over the last decade, the initial investment continues to deter potential adopters, particularly those with lower incomes.

Scope of the report:

Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034

Segments covered

By Connectivity, By Mounting, By End-User

Regions covered

Canada, Mexico, United States

Companies Covered

Canadian Solar, First Solar, GCL-SI, JA SOLAR Technology Co., Ltd, Jinko Solar, LG Electronics, Q CELLS, REC Solar Holdings AS, Solaria Corporation, SunPower Corporation, Trina Solar, Vikram Solar Ltd.

North America Solar PV Market Segmentation:

By Connectivity:

Based on the Connectivity, North America Solar PV Market is segmented as; On Grid, Off Grid.

By Mounting:

Based on the Mounting, North America Solar PV Market is segmented as; Ground Mounted, Rooftop.

By End User:

Based on the End User, North America Solar PV Market is segmented as; Residential, Commercial & Industrial, Utility.

By Region:

This research also includes data for Canada, Mexico, United States.

Table of Contents

170 Pages
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. North America Solar PV Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Solar PV Market
7. North America Solar PV Market, By Connectivity (USD Million) 2021-2034
7.1. On Grid
7.2. Off Grid
8. North America Solar PV Market, By Mounting (USD Million) 2021-2034
8.1. Ground Mounted
8.2. Roof-Top
9. North America Solar PV Market, By End User (USD Million) 2021-2034
9.1. Residential
9.2. Commercial & Industrial
9.3. Utility
10. North America Solar PV Market, (USD Million) 2021-2034
10.1. North America Solar PV Market Size and Market Share
11. North America Solar PV Market, By Region, (USD Million) 2021-2034
11.1. Canada
11.2. Mexico
11.3. United States
12. Company Profile
12.1. Canadian Solar
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. First Solar
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. GCL-SI
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. JA SOLAR Technology Co., Ltd
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. Jinko Solar
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. LG Electronics
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. Q CELLS
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. REC Solar Holdings AS
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Solaria Corporation
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. SunPower Corporation
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. Trina Solar
12.11.1. Company details
12.11.2. Financial outlook
12.11.3. Product summary
12.11.4. Recent developments
12.12. Vikram Solar Ltd
12.12.1. Company details
12.12.2. Financial outlook
12.12.3. Product summary
12.12.4. Recent developments
12.13. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links

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