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Solar Panel Manufacturing in Massachusetts

Author.Name IBISWorld United States Last Updated: April 2025 NAICS MA33441c

Solar Panel Manufacturing in Massachusetts industry analysis

The Solar Panel Manufacturing industry in Massachusetts is expected to grow an annualized x.x% to $x.x billion over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments stagnated an annualized x% to x locations. Industry employment has increased an annualized x.x% to xxx workers, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x billion, while the national industry is expected to grow x.x%. Industry establishments are forecast to grow x.x% to x locations. Industry employment is expected to increase an annualized x.x% to xxx workers, while industry wages are forecast to increase x% to $x.x million.

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About the Solar Panel Manufacturing in Massachusetts Market Research Report

What’s Included in the Solar Panel Manufacturing in Massachusetts Market Research Report

Definition of the Solar Panel Manufacturing in Massachusetts?

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.

What’s included in the Solar Panel Manufacturing in Massachusetts?

The Solar Panel Manufacturing in Massachusetts includes silicon modules and cells, thin film modules and cells and organic modules and cells. Related terms covered in the Solar Panel Manufacturing in Massachusetts industry report includes a unit of energy measurement, equal to 1.0 kilowatt expended more than one hour, an energy measurement equal to 1,000.0 kilowatts, or 200 households of energy, a term that refers to all renewable energy technology, a thin slice of silicon or other semiconductor material that is assembled into solar cells, a complete solar power generation system that includes solar panels, power converters and interconnections for other equipment, the percentage of solar energy that the solar panel converts to electric energy and 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.

Industry Performance of the Solar Panel Manufacturing industry in Massachusetts

Benchmark the Solar Panel Manufacturing in Massachusetts industry performance with all MA county and national performance.

Solar Panel Manufacturing in Massachusetts

#5 in Highest Revenue 5.8% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Solar Panel Manufacturing in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Solar Panel Manufacturing industry in Massachusetts

See how key industry drivers, such as population, new business formation, median houshold income, electric power consumption, trade-weighted index and price of natural gas are impacting Solar Panel Manufacturing in Massachusetts

Massachusetts Economic Indicators

Population
New Business Formation
Median Houshold Income

View more economic information in MA State Economic profile

US Key External Drivers

Electric power consumption
Trade-weighted index
Price of natural gas

For the full list of industry drivers, see report purchase options.

County Data of the Solar Panel Manufacturing industry in Massachusetts

Access proprietary data on county in the Solar Panel Manufacturing in Massachusetts, such as Middlesex County, Essex County and Worcester County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Solar Panel Manufacturing industry in Massachusetts

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Solar Panel Manufacturing industry in Massachusetts in 2025?

The market size of the Solar Panel Manufacturing industry in Massachusetts is $1.3bn in 2025.

How many businesses are there in the Solar Panel Manufacturing industry in Massachusetts in 2025?

There are 1 businesses in the Solar Panel Manufacturing industry in Massachusetts, which has been declining at an average annual rate of 0.0% from 2020 to 2025.

Has the Solar Panel Manufacturing industry in Massachusetts grown or declined over the past 5 years?

The market size of the Solar Panel Manufacturing industry in Massachusetts has been growing at an average annual rate of 3.2% from 2020 to 2025.

How many employees in the Solar Panel Manufacturing industry in Massachusetts in 2025?

There are 156 employees in the Solar Panel Manufacturing industry in Massachusetts, which has been growing at an average annual rate of 4.5% from 2020 to 2025.