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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 2014

Sunny days: Revenue will rise with demand as manufacturing costs fall over the next five years

IBISWorld’s Solar Panel Installation 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
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$7bn
Annual Growth 09-14
14.0%
Annual Growth 14-19
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Profit
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Employment
69,037
Businesses
2,206
Industry Analysis & Industry Trends

The Solar Panel Installation industry is composed of small contractor firms that provide solar installation services and other general residential and commercial contracting services. These firms are contracted by solar marketing firms that arrange a buyer for solar panels and contract an industry firm to carry out the work.... 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 2019, industry value added, which measures an industry's contribution to GDP, is expected to grow at an average annual rate of 8.8%, while US GDP is anticipated to grow at an average annual rate of 2.7% 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?

Firms in this industry install solar panels as part of general residential and commercial contracting services. These firms 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 firm to carry out the work. Installations of commercial-grade solar power grids are excluded from this report (see Commercial Solar Grid Construction), 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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