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Solar Panel Installation in the US: Market Research Report

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

Solar Panel Installation Market Research Report | Technology | Renewable Energy | Feb 2015

Sunny days: The residential market is anticipated to create strong demand for solar installations

IBISWorld’s Solar Panel Installation market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$10bn
Annual Growth 10-15
22.0%
Annual Growth 15-20
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Profit
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Employment
77,312
Businesses
13,494
Industry Analysis & Industry Trends

The Solar Panel Installation industry has sprinted ahead in recent years, driven by rapid technological developments, falling solar panel costs and favorable government policy. In the coming years, demand for solar panel installation is forecast to continue surging. Continuing government aid in the form of tax credits and rebates, along with technological advances in solar energy, as well as the rising popularity of solar power purchase agreements (SPPAs), are expected to help revenue grow sharply over the next five years.... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Solar Panel Installation industry is growing at a rate that consistently surpasses that of the overall economy. Over the 10 years to 2020, industry value added, which measures an industry's contribution to GDP, is expected to grow at an average annual rate of 14.3%, while US GDP is anticipated to grow at an average annual rate of 2.5% during the same period.

The industry's growth has largely been driven by technological progress, favorable government policies, changing perceptions that encourage energy efficiency, as well as lowered prices for solar panels. These factors have encouraged households as well as businesses to purchase and install more solar panels... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Solar Panel Installation Industry?

Operators in this industry install solar panels as part of general residential and commercial contracting services. These companies are contracted either by a homeowner, a solar panel manufacturer or by solar marketing firms that arrange a buyer for solar panels and contract an industry enterprise to carry out the work. Installations of commercial-grade solar power grids are excluded from this report (see Solar Farm Developers), as are solar thermal systems that lack photovoltaic panels.

Industry Products
Roof mounted panel installationSolar tracking panel installationGround mounted panel installationFixed rack panel installationMonitoring services
 
Industry Activities
Solar tracker panel installationFixed rack solar panel installationGround-mounted solar panel installationRoof-mounted solar panel installationMonitoring services


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