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Solar Panel Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Solar Panel Manufacturing Market Research Report | NAICS 33441c | Jan 2016

Solar eclipse: Flood of low-cost imports underpins sharp decline in industry revenue

IBISWorld’s Solar Panel Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$813m
Annual Growth 10-15
-23.1%
Annual Growth 15-20
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Profit
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Employment
3,879
Businesses
33
Industry Analysis & Industry Trends

The Solar Panel Manufacturing industry experienced significant volatility over the past five years. Generous government tax credits for energy efficiency initially stimulated downstream demand from consumers, businesses, manufacturers and solar power producers, while government assistance helped industry operators expand production capacity. However, in the five years to 2020, intensifying international competition and waning demand will cripple revenue... purchase to read more

Industry Report - Industry Investment Chapter

This industry has a medium to high level of capital intensity. While a significant percentage of the manufacturing process is automated, skilled labor is also needed to assemble panels and operate software and machinery. For example, workers are required to cut protective glass that covers solar panels. Nonetheless, production facilities and manufacturing equipment are very expensive and capital expenses are high. Many industry players also heavily invest in research and development, which further increases capital expenses for testing new construction machinery and equipment. In 2011, falling solar panel prices caused firms to scale down operations and reduce facility expansions. This trend has continued through to 2015, as increasing external competition has depressed domestic growth... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Solar Panel Manufacturing Industry?

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.

Industry Products
Crystalline silicon panelsThin-film panelsMultijunction panelsCrystalline silicon cellsThin-film cellsMultijunction cellsOrganic cells and panels
 
Industry Activities
Manufacture solar panelsManufacture solar cells


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