Industry Analysis & Industry Trends
Demand for construction of utility-scale solar power projects has skyrocketed thanks in large part to substantial government assistance. In addition to heavy demand catapulting revenue upward, falling capital costs have expanded the industry's profit margins. In the next five years, industry revenue growth is expected to slow significantly as a result of a lesser demand for solar power generation on the utility-scale level. Additionally, technological advancements in solar panel construction will lead to a greater supply of low-cost panels, making solar panels more accessible for individual consumers, also lowering demand.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
IBISWorld analysis reveals that the Solar Farm Developers industry is in the growth stage of its life cycle, backed by heavy investment in new solar panel technologies and heavy development of utility-scale solar power projects. Over the 10 years to 2019, industry value added (IVA), a measure of the industry's contribution to the overall economy, is expected to soar at an annualized rate of 30.7%. Comparatively, US GDP growth is expected to reach 2.5% per year on average over the same period. In general, the industry has been expanding rapidly.
Several government incentives, including tax breaks and statewide renewable electricity generation requirements, have spurred growth in solar power generation, thereby increasing demand for newly developed solar farms... purchase to read more