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Solar Electric Power Generation Market Size, Share 2024

Market size in 2024	US$ 34.2 billion	Forecast Market size by 2030	US$ 62800.0 million
Growth Rate	CAGR of 10.60%	Number of Pages	205 Pages

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
This enables you to anticipate market changes to remain ahead of your competitors
You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations or other strategic documents
The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
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
6-month post-sales analyst support

We offer additional regional and global reports that are similar:

Global Solar Electric Power Generation Market
United States Solar Electric Power Generation Market
Japan Solar Electric Power Generation Market
Germany Solar Electric Power Generation Market
South Korea Solar Electric Power Generation Market
Indonesia Solar Electric Power Generation Market
Brazil Solar Electric Power Generation Market

Customization of the Report: In case of any queries or customization requirements, please connect with our sales team, who will ensure that your requirements are meet.

Report Attributes	Report Details
Report Title	United States Solar Electric Power Generation Market Research Report 2024-2030
Market size in 2024	US$ 34.2 billion
Forecast Market size by 2030	US$ 62800.0 million
Growth Rate	CAGR of 10.60%
Historical Year	2018 to 2022 (Data from 2010 can be provided as per availability)
Base Year	2023
Forecast Year	2031
Number of Pages	205 Pages
Customization Available	Yes, the report can be customized as per your need.

1 STUDY COVERAGE

1.1 Solar Electric Power Generation Product Introduction

1.2 Market by Type

1.2.1 United Statesn Solar Electric Power Generation Market Size Growth Rate by Type, 2019 VS 2023 VS 2030

1.2.2 Traditional Solar Power Generation Systems

1.2.3 New Solar Power Generation Systems

1.3 Market by Application

1.3.1 United States Solar Electric Power Generation Market Size Growth Rate by Application, 2019 VS 2023 VS 2030

1.3.2   Residential Use

1.3.3   Industrial Use

1.3.4   Commercial Use

1.4 United States Solar Electric Power Generation Sales Estimates and Forecasts 2019-2030

1.5 United States Solar Electric Power Generation Hydrocephalus Shunts Revenue Estimates and Forecasts 2019-2030

1.6 Study Objectives

1.7 Years Considered

2 COMPETITION BY MANUFACTURERS

2.1 United States Solar Electric Power Generation Sales by Manufacturers

2.1.1 United States Solar Electric Power Generation Sales by Manufacturers (2019-2024)

2.1.2 United States Solar Electric Power Generation Sales Market Share by Manufacturers (2019-2024)

2.1.3 Top Largest Manufacturers of Solar Electric Power Generation in 2023 in United States

2.2 United States Solar Electric Power Generation Revenue by Manufacturers

2.2.1 United States Solar Electric Power Generation Revenue by Manufacturers (2019-2024)

2.2.2 United States Solar Electric Power Generation Revenue Market Share by Manufacturers (2019-2024)

2.2.3 United States Top Companies by Solar Electric Power Generation Revenue in 2023

2.3 United States Solar Electric Power Generation Sales Price by Manufacturers (2019-2024)

2.4 Analysis of Competitive Landscape

2.4.1 Manufacturers Market Concentration Ratio (CR3 and HHI)

2.4.2 United States Solar Electric Power Generation by Company Type (Tier 1, Tier 2, and Tier 3)

2.4.3 United States Solar Electric Power Generation Manufacturers Geographical Distribution

2.5 Mergers & Acquisitions, Expansion Plans

3 United States Solar Electric Power Generation MARKET SIZE BY REGION

3.1 Solar Electric Power Generation Market Size by Region: 2019-2030

3.1.1 United States Solar Electric Power Generation Sales by Region: 2019-2024

3.1.2 United States Solar Electric Power Generation Sales Forecast by Region (2025-2030)

3.1.3 United States Solar Electric Power Generation Revenue by Region: 2019-2024

3.1.4 United States Solar Electric Power Generation Revenue Forecast by Region (2025-2030)

4 MARKET SIZE BY TYPE

4.1 United States Solar Electric Power Generation Sales by Type

4.1.1 United States Solar Electric Power Generation Historical Sales by Type (2019-2024)

4.1.2 United States Solar Electric Power Generation Forecasted Sales by Type (2025-2030)

4.1.3 United States Solar Electric Power Generation Sales Market Share by Type (2019-2030)

4.2 United States Solar Electric Power Generation Revenue by Type

4.2.1 United States Solar Electric Power Generation Historical Revenue by Type (2019-2024)

4.2.2 United States Solar Electric Power Generation Forecasted Revenue by Type (2025-2030)

4.2.3 United States Solar Electric Power Generation Revenue Market Share by Type (2019-2030)

4.3 United States Solar Electric Power Generation Price by Type

4.3.1 United States Solar Electric Power Generation Price by Type (2019-2024)

4.3.2 United States Solar Electric Power Generation Price Forecast by Type (2025-2030)

5 MARKET SIZE BY APPLICATION

5.1 United States Solar Electric Power Generation Sales by Application

5.1.1 United States Solar Electric Power Generation Historical Sales by Application (2019-2024)

5.1.2 United States Solar Electric Power Generation Forecasted Sales by Application (2025-2030)

5.1.3 United States Solar Electric Power Generation Sales Market Share by Application (2019-2030)

5.2 United States Solar Electric Power Generation Revenue by Application

5.2.1 United States Solar Electric Power Generation Historical Revenue by Application (2019-2024)

5.2.2 United States Solar Electric Power Generation Forecasted Revenue by Application (2025-2030)

5.2.3 United States Solar Electric Power Generation Revenue Market Share by Application (2019-2030)

5.3 United States Solar Electric Power Generation Price by Application

5.3.1 United States Solar Electric Power Generation Price by Application (2019-2024)

5.3.2 United States Solar Electric Power Generation Price Forecast by Application (2025-2030)

6. CORPORATE PROFILE

6.1 First Solar, Inc.

6.1.1 First Solar, Inc. Corporation Information

6.1.2 First Solar, Inc. Overview

6.1.3 First Solar, Inc. in United States: Solar Electric Power Generation Sales, Price, Revenue and Gross Margin (2019-2024)

6.1.4 First Solar, Inc. Solar Electric Power Generation Product Introduction

6.1.5 First Solar, Inc. Recent Developments

6.2 NextEra Energy, Inc.

6.2.1 NextEra Energy, Inc. Corporation Information

6.2.2 NextEra Energy, Inc. Overview

6.2.3 NextEra Energy, Inc. in United States: Solar Electric Power Generation Sales, Price, Revenue and Gross Margin (2019-2024)

6.2.4 NextEra Energy, Inc. Solar Electric Power Generation Product Introduction

6.2.5 NextEra Energy, Inc. Recent Developments

6.3 SunPower Corporation

6.3.1 SunPower Corporation Corporation Information

6.3.2 SunPower Corporation Overview

6.3.3 SunPower Corporation in United States: Solar Electric Power Generation Sales, Price, Revenue and Gross Margin (2019-2024)

6.3.4 SunPower Corporation Solar Electric Power Generation Product Introduction

6.3.5 SunPower Corporation Recent Developments

6.4 SolarEdge Technologies, Inc.

6.4.1 SolarEdge Technologies, Inc. Corporation Information

6.4.2 SolarEdge Technologies, Inc. Overview

6.4.3 SolarEdge Technologies, Inc. in United States: Solar Electric Power Generation Sales, Price, Revenue and Gross Margin (2019-2024)

6.4.4 SolarEdge Technologies, Inc. Solar Electric Power Generation Product Introduction

6.4.5 SolarEdge Technologies, Inc. Recent Developments

6.5 Sunrun Inc.

6.5.1 Sunrun Inc. Corporation Information

6.5.2 Sunrun Inc. Overview

6.5.3 Sunrun Inc. in United States: Solar Electric Power Generation Sales, Price, Revenue and Gross Margin (2019-2024)

6.5.4 Sunrun Inc. Solar Electric Power Generation Product Introduction

6.5.5 Sunrun Inc. Recent Developments

6.6 Vivint Solar, Inc.

6.6.1 Vivint Solar, Inc. Corporation Information

6.6.2 Vivint Solar, Inc. Overview

6.6.3 Vivint Solar, Inc. in United States: Solar Electric Power Generation Sales, Price, Revenue and Gross Margin (2019-2024)

6.6.4 Vivint Solar, Inc. Solar Electric Power Generation Product Introduction

6.6.5 Vivint Solar, Inc. Recent Developments

6.7 Enphase Energy, Inc.

6.7.1 Enphase Energy, Inc. Corporation Information

6.7.2 Enphase Energy, Inc. Overview

6.7.3 Enphase Energy, Inc. in United States: Solar Electric Power Generation Sales, Price, Revenue and Gross Margin (2019-2024)

6.7.4 Enphase Energy, Inc. Solar Electric Power Generation Product Introduction

6.7.5 Enphase Energy, Inc. Recent Developments

6.8 Tesla, Inc. (SolarCity)

6.8.1 Tesla, Inc. (SolarCity) Corporation Information

6.8.2 Tesla, Inc. (SolarCity) Overview

6.8.3 Tesla, Inc. (SolarCity) in United States: Solar Electric Power Generation Sales, Price, Revenue and Gross Margin (2019-2024)

6.8.4 Tesla, Inc. (SolarCity) Solar Electric Power Generation Product Introduction

6.8.5 Tesla, Inc. (SolarCity) Recent Developments

6.9 SunEnergy1

6.9.1 SunEnergy1 Corporation Information

6.9.2 SunEnergy1 Overview

6.9.3 SunEnergy1 in United States: Solar Electric Power Generation Sales, Price, Revenue and Gross Margin (2019-2024)

6.9.4SunEnergy1 Solar Electric Power Generation Product Introduction

6.9.5 SunEnergy1 Recent Developments

6.10 AES Solar

6.10.1 AES Solar Corporation Information

6.10.2 AES Solar Overview

6.10.3 AES Solar in United States: Solar Electric Power Generation Sales, Price, Revenue and Gross Margin (2019-2024)

6.10.4 AES Solar Solar Electric Power Generation Product Introduction

6.10.5 AES Solar Recent Developments

7 INDUSTRY CHAIN AND SALES CHANNELS ANALYSIS

7.1 Solar Electric Power Generation Industry Chain Analysis

7.2 Solar Electric Power Generation Key Raw Materials

7.2.1 Key Raw Materials

7.2.2 Raw Materials Key Suppliers

7.3 Solar Electric Power Generation Production Mode & Process

7.4 Solar Electric Power Generation Sales and Marketing

7.4.1 Solar Electric Power Generation Sales Channels

7.4.2 Solar Electric Power Generation Distributors

7.5 Solar Electric Power Generation Customers

8 Solar Electric Power Generation MARKET DYNAMICS

8.1.1 Solar Electric Power Generation Industry Trends

8.1.2 Solar Electric Power Generation Market Drivers

8.1.3 Solar Electric Power Generation Market Challenges

8.1.4 Solar Electric Power Generation Market Restraints

9 KEY FINDINGS IN THE United States Solar Electric Power Generation STUDY

10 APPENDIX

10.1 Research Methodology

10.1.1 Methodology/Research Approach

10.1.2 Data Source

10.2 Author Details

10.3 Disclaimer

LIST OF TABLES & FIGURES

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United States Solar Electric Power Generation Market Research Report 2024-2030