Sunny days: As tax credits remain in effect, demand for solar farms will continue to rise

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. Over the next five years, industry revenue growth is expected to slow significantly due to 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 Statistics & Market Size
Revenue
$13bn
Annual Growth 12-17
29.9%
Forecast Growth 17-22
Profit
Employment
13,081
Businesses
126
Market Share of Companies

Industry Threats & Opportunities

  • Developers have experienced rising profit margins as a result of heavy demand for solar energy
  • The growth of solar energy has subsequently fueled demand for solar power project development
  • The capital cost of solar photovoltaic technology will continue to decline steadily
  • Industry Report - Industry Key Buyers Chapter

    The Solar Farm Developers industry has a low level of market share concentration, with the four largest firms accounting for less than 40.0% of industry revenue in 2017. This low concentration is mostly due to the variety of solar power technologies, making it difficult for a single firm to dominate the industry. However, in individual product segments, concentration is considerably higher. Although industry growth has provided opportunities for firms to enter this industry over the past five years, market share concentration increased as larger firms expanded operations. The growing prevalence of very large-scale solar farm projects has also benefited large firms, as they have the capability to undertake such as project...purchase to read more.

    Additional Insights for the Solar Farm Developers Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Solar Farm Developers Industry are

  • Ability to take advantage of government subsidies and grants
  • Access to latest available construction and solar power technology
  • Highly trained workforce
  • IBISWorld analysts also discuss how external factors such as Tax credits for energy efficiency and Price of semiconductor and electronic components in the Solar Farm Developers industry impact industry performance..

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    What's in this report

    What is the Solar Farm Developers Industry?

    This industry comprises establishments that primarily install and construct solar power grid systems, known as solar farms, on a utility scale. The work performed within the industry may include new work, reconstruction, rehabilitation and repairs. Excluded from this industry are establishments that focus on residential and commercial solar power systems.

    Industry Products
  • Crystalline silicon solar power plants
  • Thin-film solar power plants
  • CSP trough power plants
  • CSP tower power plants
  • Industry Activities
  • Crystalline silicon solar power plant construction
  • Thin-film solar power plant construction
  • CSP power plant construction
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Tax credits for energy efficiency
  • Price of semiconductor and electronic components
  • Electric power consumption
  • World price of steaming coal

  • Current Performance
  • Government assistance fuels swift growth
  • Profit rises on falling input prices
  • Chart: Revenue Growth

  • Industry Outlook
  • Technological advancements
  • Solar farm projects still rising
  • Table: Solar Farm Developers Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Solar Farm Developers Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Public Administration
  • Solar Power

  • Key Selling Industries
  • Construction Machinery Manufacturing
  • Solar Panel Manufacturing

  • Products & Services
  • Crystalline silicon solar power plants
  • Thin-film solar power plants
  • CSP trough power plants
  • CSP tower power plants
  • Other
  • Chart: Solar Farm Developers Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Solar power utilities
  • Federal government
  • Chart: Major Market Segmentation for the Solar Farm Developers Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Solar Farm Developers

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Solar Farm Developers Industry

  • Industry Globalization
    First Solar Inc.,
  • Table: First Solar Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Solar Farm Developers Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Solar Farm Developers Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Utility solar power generation (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Concentrating Solar Power (Csp)
  • A type of solar power technology that generates electricity by heating water with solar energy.
  • Efficiency
  • The percentage of sunlight that a solar panel converts to electricity.
  • Photovoltaics (Pv)
  • Solar power technology that converts solar energy directly into electricity using semiconductors.
  • What Our Customers Say

    Why buy this report?

    The Solar Farm Developers industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Solar Farm Developers:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Solar Farm Developers market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Solar Farm Developers, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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