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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 | Dec 2014

Alternating current: International competition and waning demand will cripple revenue

IBISWorld’s Solar Panel Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 09-14
-7.3%
Annual Growth 14-19
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Profit
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Employment
5,481
Businesses
46
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 2019, intensifying international competition and waning demand will cripple revenue... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Solar Panel Manufacturing industry is declining. Industry value added, which measures an industry's contribution to the economy, is forecast to fall at an average annual rate of 5.6% in the 10 years to 2019. During the same period, US GDP is projected to grow at an annualized rate of 2.5%. As a result, this industry's importance to the overall economy is rapidly falling, indicating a declining industry.

While government assistance to industry manufacturers and downstream customers has fueled the growth of solar power, most gains have been made in solar installation and solar power generation. Domestic manufacturers have performed poorly due to competition from imports, especially those from China... 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 supplies these products to solar panel installers and downstream residential, commercial and utility customers. This industry however, does not include American companies that manufacture solar panels abroad.

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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