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Solar Panel Manufacturing in the US: Market Research Report

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

Solar Panel Manufacturing Market Research Report | NAICS 33441c | Jan 2017

Solar eclipse: A flood of low-cost imports underpins sharp declines in industry revenue

IBISWorld’s Solar Panel Manufacturing 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
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
Annual Growth
Industry Threats & Opportunities
  • Due to excess supply, solar panel prices have plummeted, leading to declines in revenue
  • Imports have been hampered by a rising trade-weighted index
  • Increased government initiatives will help spur demand from downstream customers
  • ... purchase to read more

Industry Analysis & Industry Trends

The Solar Panel Manufacturing industry has experienced rapid decline over the five years to 2016. The industry has been plagued with high competition from low-cost Asian manufacturers. Additionally, declining prices of natural gas and steaming coal have decreased the cost of other forms of energy and shifted demand away from solar energy. Over the five years to 2021, the industry is expected to marginally recover due to increased demand for solar panels and cells. This rise in demand is a result of government programs and an increase in the number of states with renewable portfolio standards. However, rising imports are expected to take up a significant percentage of the newly generated demand... ... purchase to read more

Industry Report - Starting a New Business Chapter

Barriers to entry in the Solar Panel Manufacturing industry are high. Capital costs, regulation and proprietary technology all present obstacles to entry for prospective manufacturers. Companies participate in this industry mass-produce panels and research new technology. As a result, new entrants must construct manufacturing, and often, research facilities, both of which require significant capital investments.

This industry is also subject to extensive government environmental regulations, which makes it difficult for new companies to enter the industry if they are unfamiliar with the regulations. New entrants must be able to safely dispose of hazardous manufacturing byproducts, which increases operating expenses. As .. ... purchase to read more

Additional Insights for the Solar Panel Manufacturing Industry

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

  • Ability to take advantage of government subsidies and other grants
  • Development of new products
  • Ability to comply with environmental regulations
  • IBISWorld analysts also discuss how external factors such as Trade-weighted index and Electric power consumption in the Solar Panel Manufacturing industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    What is the Solar Panel Manufacturing Industry?

    Operators in this industry manufacture solar panels and solar cells and supply these products to solar panel installers and downstream residential, commercial and utility customers. This industry does not include solar cells or solar panels manufactured abroad by US companies.

    Industry Products
    Silicon modules and cellsThin-film modules and cellsOther modules and cells
    Industry Activities
    Manufacture solar panelsManufacture solar cells

    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
  • Trade-weighted index
  • Electric power consumption
  • Price of natural gas
  • World price of steaming coal
  • Current Performance
  • International trade
  • Profit on the rise
  • Chart: Revenue Growth
  • Industry Outlook
  • Trade competition decreases
  • Increased focus on solar power
  • Table: Solar Panel Manufacturing Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Solar Panel Manufacturing Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Industrial Building Construction
  • Solar Power
  • Commercial Building Construction
  • Housing Developers
  • Key Selling Industries
  • Electrical Equipment Manufacturing
  • Inorganic Chemical Manufacturing
  • Semiconductor & Circuit Manufacturing
  • Semiconductor Machinery Manufacturing
  • Products & Services
  • Silicon modules and cells
  • Thin-film modules and cells
  • Other modules and cells
  • Chart: Solar Panel Manufacturing Industry Products and Services Segmentation
  • Demand Determinants
  • Government programs
  • Commodity prices
  • International trade
  • Major Markets
  • Commercial
  • Electric power utilities
  • Residential
  • Exports
  • Industrial
  • Chart: Major Market Segmentation for the Solar Panel Manufacturing Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Solar Panel Manufacturing
  • Basis of Competition
  • External competition
  • Internal competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Solar Panel Manufacturing Industry
  • Industry Globalization
    Major Companies
    First Solar Inc.
    SolarWorld AG
    Suniva Inc.
  • Table: First Solar Inc. - financial performance
  • Table: SolarWorld AG - financial performance
  • Table: Suniva Inc. - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Solar Panel Manufacturing 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 Manufacturing Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Trade-weighted Index (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
  • The percentage of solar energy that the solar panel converts to electric energy.
  • Kilowatt-Hour (Kwh)
  • A unit of energy measurement, equal to one kilowatt expended more than one hour.
  • Megawatt
  • An energy measurement equal to 1,000 kilowatts, or the equivalent of 200 households of energy.
  • Power System
  • A complete solar power generation system that includes solar panels, power converters and interconnections for other equipment.
  • Renewable Portfolio Standards (Rps)
  • A governmental mandate to increase the portion of energy generated from renewable resources such as solar, wind, biomass and other alternatives to fossil fuels and nuclear power generation.
  • Renewables
  • A term that refers to all renewable energy technology.
  • Wafer
  • A thin slice of silicon or other semiconductor material that is assembled into solar cells.

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

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