US Distributed Solar Power Generation Market Size | 2031

Segments - United States Distributed Solar Power Generation Market by End-user (Households, Industries, and Commercial Centers) -Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Swapnil Hedau

Report Description

United States distributed solar power generation market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 10% during 2023–2031. The growth of the market is attributed to elements such as increasing environmental concerns and high cost of grid expansion. Moreover, advancement in technology leading to increase in efficiency and solar panel manufacturing cost reduction has been a key factors responsible for the growth of the United States distributed solar power generation market.

Distributed solar power is generated through a decentralized solar photovoltaic module and extensively used in the residential and commercial sectors. Continuously rising temperatures, growing need for energy conservation and reducing CO₂ emission, declining dependency on fossil fuel, decreasing prices of solar PV modules, and rising demand for clean energy sources drive the market growth.

United States Distributed Solar Power Generation Market Outlook

Thus, the aforementioned trend for energy transformation is projected to drive the market growth during the forecast period.

It is the generation of power from solar energy for personal use. The energy produced is not sent to a centralized grid rather is used directly in households, industries, and commercial centers

Growing demand for clean energy is among the foremost drivers for the distributed solar power generation market in the country. The country is earnestly shifting from conventional energy-producing sources to clean energy sources and produced over 16.7% of the total electricity generated from hydropower and renewable energy combined.

Hydropower holds a certain edge over other renewable energy resources in the country owing to its reliability in cold and harsh weather faced by the northern part of the country.

Therefore, the harsh weather in the country in winters and more reliability on hydropower are projected to impede the distributed solar power generation market.

The Covid-19 pandemic had an unpleasant impact on United States distributed solar power generation due to insufficient production of solar panels and scarcity of its supply; however, the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.

United States Distributed Solar Power Generation Market Trends, Drivers, Restraints, and Opportunities

The significant shift from energy generation from conventional sources such as coal and natural gas to clean energy is estimated to expand the United States distributed solar power generation market.
Growing interest in distributed solar power generation, owing to several economic benefits and a constant source of energy to eliminate downtimes and equipment damage due to voltage fluctuations in conventional power grids are anticipated to propel the market in coming years
Rising environmental concerns and economical benefits of domestic distributed solar power generation are projected to fuel the market growth during the forecast period.
Rising usage of hydropower for electricity generation in the country is expected to impede the demand for distributed solar power generation.
R&D investment and technological advancement in distributed solar power generation are expected to offer lucrative opportunities for the market players.

Scope of United States Distributed Solar Power Generation Market Report

The report on United States distributed solar power generation market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	United States Distributed Solar Power Generation Market -Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	End-user (Households, Industries, and Commercial Centers)
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Wuxi Suntech Power Co.Ltd, Yingli Solar, Solarcity Corporation, Juwi Solar Inc. and First Solar Inc.

United States Distributed Solar Power Generation Market Segment insights

The industries segment is projected to constitute a large market share

Based on end-user, the United States distributed solar power generation market is segregated into households, industries, and commercial centers. The industries segment is expected to account for a key share of the market during the forecast period owing to it being inexpensive and have a comparatively stable load profile during the day that can enable larger savings on electricity bills. However, household segment is anticipated to expand at a rapid pace during the forecast period owing to the application of rooftop solar panels which enable residents and small businesses to generate their own electricity as well as offers the benefits of modern electricity services to households that had no access to electricity, reducing electricity costs on remote locations and islands that are dependent on oil-fired generation, these factors are responsible for the segment growth and is expected to surge the segment growth.

United States Distributed Solar Power Generation Market End User

Segments

The United States distributed solar power generation market has been segmented on the basis of

End-user

Households
Industries
Commercial Centers

Key Companies

Wuxi Suntech Power Co.Ltd
Yingli Solar
Solarcity Corporation
Juwi Solar Inc.
First Solar Inc.

Competitive Landscape

Key players competing in United States distributed solar power generation market include Wuxi Suntech Power Co.Ltd, Yingli Solar, Solarcity Corporation, Juwi Solar Inc. and First Solar Inc.

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.

United States Distributed Solar Power Generation Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Distributed Solar Power Generation Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Distributed Solar Power Generation Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Distributed Solar Power Generation Market - Supply Chain
  4.5. Global Distributed Solar Power Generation Market Forecast
     4.5.1. Distributed Solar Power Generation Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Distributed Solar Power Generation Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Distributed Solar Power Generation Market Absolute $ Opportunity
5. Global Distributed Solar Power Generation Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Distributed Solar Power Generation Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Distributed Solar Power Generation Demand Share Forecast, 2019-2026
6. North America Distributed Solar Power Generation Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Distributed Solar Power Generation Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Distributed Solar Power Generation Demand Share Forecast, 2019-2026
7. Latin America Distributed Solar Power Generation Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Distributed Solar Power Generation Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Distributed Solar Power Generation Demand Share Forecast, 2019-2026
8. Europe Distributed Solar Power Generation Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Distributed Solar Power Generation Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Distributed Solar Power Generation Demand Share Forecast, 2019-2026
9. Asia Pacific Distributed Solar Power Generation Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Distributed Solar Power Generation Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Distributed Solar Power Generation Demand Share Forecast, 2019-2026
10. Middle East & Africa Distributed Solar Power Generation Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Distributed Solar Power Generation Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Distributed Solar Power Generation Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Distributed Solar Power Generation Market: Market Share Analysis
  11.2. Distributed Solar Power Generation Distributors and Customers
  11.3. Distributed Solar Power Generation Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Wuxi Suntech Power Co.Ltd
     11.4.2. Yingli Solar
     11.4.3. Solarcity Corporation
     11.4.4. Juwi Solar Inc.
     11.4.5. First Solar Inc.