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STATE INDUSTRY RESEARCH REPORTS • UNITED STATES

Solar Power in Florida - Market Research Report

Published: November 06, 2024

Solar Power in Florida - current trends and industry outlook (2019-2029)

The Solar Power industry in Florida is expected to grow an annualized x.x% to /$1.9 billion over the five years to 2024, while the national industry will likely grow at a rate of x.x% during the same period. Industry establishments have increased an annualized x.x% to 36 locations, while industry employment... lock Purchase this report or a membership to unlock our full summary for this industry.

Solar Power in Florida industry statistics

attach_moneyFlorida Market Size: $1.9 bn

business Number of Businesses in Florida: 36

supervisor_accountFlorida Industry Employment: 474

poll Contribution to Florida Economy: x.x% lockPurchase this report or a membership to unlock our full summary for this industry.

poll Share of Solar Power in the US Revenue: x.x%lockPurchase this report or a membership to unlock our full summary for this industry.

Solar Power in Florida - county industry data

The Solar Power industry in Florida has the highest share of establishments in the following counties:

adjust Miami-Dade County: x.x% of Florida establishments

adjust Broward County: x.x% of Florida establishments

adjust Hillsborough County: x.x% of Florida establishments


adjust Sed ut perspiciatis unde omnis laudantium, totam aperiam, eaque ipsa.

error_outline To view all county-level data for this industry, see report purchase options.

Geographic breakdown of the Solar Power industry in the US

The national Solar Power industry is most heavily concentrated in California, Florida and Texas. IBISWorld provides industry research for the Solar Power industry in 38 states. See other states where this industry is concentrated.

location_on Solar Power in California Geographic Concentration: x.x% lockPurchase this report or a membership to unlock our full summary for this industry.

location_on Solar Power in Florida Geographic Concentration: x.x% lockPurchase this report or a membership to unlock our full summary for this industry.

location_on Solar Power in Texas Geographic Concentration: x.x% lockPurchase this report or a membership to unlock our full summary for this industry.

location_on [County Name 3] County: x.x% of [Industry Name] in [State or Province Name] Establishments

error_outline For the full geographic breakdown of the Solar Power industry, see report purchase options.

What is the Solar Power industry?

Industry Definition

Operators in this industry own and operate solar-power-generating facilities, such as photovoltaic panels or solar thermal power stations, that use mirrors or lenses to concentrate the sun’s energy. This industry covers utility-scale solar and does not include distributed energy.

Industry Products and Services

Photovoltaic power

Concentrating solar power

Other

All Others

Industry Activities

  • Generating photovoltaic power
  • Generating concentrated solar power

Key

0-0.5% increase

0-0.5% decline

>0.5% increase

>0.5% decline

SEE MORE FINANCIAL RATIOS

Market research report - table of contents

About this Report

Industry Definition

Operators in this industry own and operate solar-power-generating facilities, such as photovoltaic panels or solar thermal power stations, that use mirrors or lenses to concentrate the sun’s energy. This industry covers utility-scale solar and does not include distributed energy.

Main Activities

Generating photovoltaic power
Generating concentrated solar power

Similar Industries

Additional Resources

Industry at a Glance

Industry Statistics Snapshot

Industry Structure

Executive Summary

Industry Performance

Key External Drivers

Current Performance

 Chart: Revenue Growth

Industry Outlook

 Table: Solar Power in Florida Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Solar Power in Florida Lifecycle vs The Economy

Products and Markets

Supply Chain

Key Buying Industries

Key Selling Industries

Products & Services

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Demand Determinants

Purchase this report or a membership to unlock the full analysis of the demand determinants in this industry.

Major Markets

 Chart: Major Market Segmentation for the Solar Power in Florida

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Competitive Landscape

Market Share Concentration

Purchase this report or a membership to unlock the full analysis of the market share concentration in this industry.

Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Solar Power in Florida

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Solar Power in Florida

Industry Globalization

Major Companies

Operating Conditions

Capital Intensity

 Chart: Level of Capital Intensity for the Solar Power in Florida
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Key Statistics

Table: Industry data Table: Industry Data for the Solar Power in Florida

Industry Revenue ()
Industry Gross Product ()
Establishments ()
Businesses ()
Employment ()
Exports ()
Imports ()
Wages ()

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

Jargon & Glossary

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STATE INDUSTRY REPORT

What's in a State
Industry Report?

State and county-level facts, trends and insights in a simplified format

Concise analysis helps you unpack the numbers in minutes
Contains 10 pages of data, maps and tables covering your state’s operating environment
Compares data across counties for easy benchmarking

Similar Industries in Florida

IBISWorld provides research covering hundreds of similar industries in Florida, including:

Included in Spotlight Report

  • Industry Financial Ratios
    State Industry Statistics
  • Historical and Forecast Growth
    State Industry Revenue Forecasts
  • Industry Market Size
    State Industry Market Size
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

Included in Report

  • Industry Financial Ratios
    State Industry Statistics
  • Revenue Forecasts
    State Industry Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    State Industry Market Size
  • Profitability Analysis
    County Industry Data
  • Industry Trends
    State Industry Trends
  • Industry Operating Conditions
    Local Operating Conditions
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PURCHASE OPTIONS

Why buy this report on the Solar Power in Florida industry?

IBISWorld Florida Industry Reports enable you to:

  • Discover key local industry trends
  • Identify threats and opportunities at the subnational level
  • Inform your business strategies and planning
  • Understand the competitive environment in your precise location

This report on the Solar Power industry in Florida:

  • Provides Market Size information to assist with planning and strategic decisions.
  • Includes the necessary information to perform SWOT, PESTLE 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 Power industry in Florida 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
  • Analysis of the economic impact of external factors on the local industry
  • A breakdown of industry market share by county
  • And of course, much more

IBISWorld provides industry research on thousands of industries around the world. Our clients rely on our information and data to stay up to date on business and industry trends across all sectors of the economy. This industry report includes thoroughly researched, reliable and current information that will help you make faster, better business decisions.

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