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.
- 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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