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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 | Sep 2014

Alternating current: International competition and waning demand will cripple revenue

IBISWorld’s Solar Panel Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$897m
Annual Growth 09-14
-10.5%
Annual Growth 14-19
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Profit
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Employment
3,333
Businesses
37
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 Key Buyers Chapter

The Solar Panel Manufacturing industry has a low level of market share concentration, with the four largest firms accounting for less than 40.0% of industry revenue. While US firms such as SunPower and First Solar are major players in the global solar industry, the bulk of their manufacturing facilities are located abroad. For instance, about two-thirds of First Solar's production lines are located in Malaysia. Consequently, domestic manufacturing is mostly comprised of smaller firms, which results in a low level of concentration.

Market share concentration has increased in the past five years, mostly due to overall industry contraction and consolidation. Intensive competition from imported solar panels caused smaller manufacturers to exit this industry... 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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