The US solar panel market is estimated to grow modestly at a CAGR of around 15.0% during the forecast period. The US is among the top countries in the world in electricity generated by the Sun and several of the world’s largest utility-scale installations are located in the desert Southwest. The US contributes significantly in the growth of solar panel market in North America. As a result of the domestic manufacturing and advancing technology, solar panel has become one of the most affordable means of sources of electricity in the U.S. in the current scenario. Solar energy as a power source has also become one of the leading choices for new generation by the utilities.
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The market study of the US solar panel market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
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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
- , and others
Market Segmentation
US Solar Panel Market by Technology
- Monocrystalline Solar Panel
- Polycrystalline Solar Panel
- Thin-Film Crystalline Solar Panel
- Other Solar Panels
US 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 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 solar panel market.
- Insights about market determinants which are stimulating the US 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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