Overview

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

The Solar Panel Installation market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$11bn
Annual Growth
11-16
15.5%
Annual Growth
16-21
Profit
Employment
104,369
Business
28,935

Industry Threats & Opportunities

  • The industry managed to grow rapidly due to strong demand from key downstream markets
  • Government-sponsored rebate programs have driven the adoption of solar systems
  • Rising energy consumption will be mitigated as more manufacturers move abroad

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    Industry Analysis & Industry Trends

    Since the turn of the century, solar energy has exploded into a competitive substitute to traditional sources of power for both residential and commercial purposes. Amid this exponential increase in activity, IBISWorld projects revenue for the Solar Panel Installation industry to grow significantly over the five years to 2016. Despite reductions to favorable tax breaks for solar projects, industry revenue is expected to continue growing exponentially over the five years to 2021, bolstered by expanding residential and nonresidential construction markets and an ever growing acceptance of solar energy...

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    Industry Report - Industry Locations Chapter

    Business locations in the Solar Panel Installation industry are more reflective of a state's business environment, its weather and tax incentives than population trends. In addition, a state or region's solar power capacity and environmental conditions also impact a business's decision on where to locate. The following represent estimates based on the total number of PV systems installed and is sourced from the National Renewable Energy Laboratory's Open PV Project.

    West

    The West is by the far the dominant location for establishments and is estimated to account for 63.9% of total locations, well above the region's 17.2% share of population. This is largely due to California, which accounts for more nearly all the region's solar panel installation activity. In ..

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    Additional Insights for the Solar Panel Installation Industry

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

  • Ability to compete on tender
  • Having a good reputation
  • Management of seasonal production
  • IBISWorld analysts also discuss how external factors such as Electric power consumption and Corporate profit in the Solar Panel Installation industry impact industry performance..

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    Industry Products

    What is the Solar Panel Installation Industry?

    Industry operators install solar panels as part of general residential and commercial contracting services. These companies are contracted by a homeowner, a solar panel manufacturer or by solar marketing firms that arrange a buyer for solar panels and contract an operator to carry out the work. Installations of commercial-grade solar power grids are excluded from this report (see Solar Farm Developers, IBISWorld report OD4493), as are solar thermal systems that lack photovoltaic panels.

    Industry Products
    Roof mounted panel installation
    Solar tracking panel installation
    Ground mounted panel installation
    Fixed rack panel installation
    Monitoring services
    Industry Activities
    Solar tracker panel installation
    Fixed rack solar panel installation
    Ground-mounted solar panel installation
    Roof-mounted solar panel installation
    Monitoring services

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Electric power consumption
  • Corporate profit
  • Per capita disposable income
  • Tax credits for energy efficiency

  • Current Performance
  • Power prices rise
  • The government steps in
  • Construction markets power industry
  • Chart: Revenue Growth

  • Industry Outlook
  • Electricity consumption to continue rising
  • Government aid to remain a factor
  • Industry profit and structure
  • Table: Solar Panel Installation Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Solar Panel Installation Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Electric Power Transmission
  • Home Builders
  • Roofing Contractors
  • Commercial Building Construction
  • Consumers

  • Key Selling Industries
  • Construction & Mining Equipment Wholesaling
  • Property, Casualty and Direct Insurance
  • Solar Panel Manufacturing

  • Products & Services
  • Roof mounted panel installation
  • Solar tracking panel installation
  • Ground mounted panel installation
  • Fixed rack panel installation
  • Monitoring services
  • Chart: Solar Panel Installation Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Residential installation
  • Nonresidential installation greater than 500 kW
  • Nonresidential installation less than or equal to 500 kW
  • Chart: Major Market Segmentation for the Solar Panel Installation Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Solar Panel Installation

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Solar Panel Installation Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Solar Panel Installation Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Solar Panel Installation Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Electric power consumption (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Grid Parity
  • An equilibrium between the cost and power provided by traditional and alternative energy sources.
  • Photovoltaic
  • Abbreviated PV, the ability to turn generate electrical energy from light energy, usually from the sun.
  • Solar Power Purchasing Agreements
  • Abbreviated SPPA, this contractual obligation sets forth the terms by which a solar power provider will reimburse a third party financier for paying the up-front costs of system installation.
  • Why buy this report?

    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 Panel Installation:
    • 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 Panel Installation 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 Panel Installation, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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