North America Solar Photovoltaic Market - Size
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
Photovoltaic is a term that transforms the light or solar energy into electricity by using semiconductors which shows photovoltaic effect. The photovoltaic system is intended to use solar power with the support of photovoltaics. Currently, solar cells are being made of different novel materials like silicon, containing solar inks with conventional printing press technologies, solar dyes, and conductive plastics. Few solar cells use plastic lenses, mirrors to focus sunlight on a minor portion of high-efficiency PV material. Additionally, solar PV has various advantages such as no pollution, greenhouse gas emissions, scalability, and some other.
North America Solar Photovoltaic Market Segments Size & Growth:
North America Solar Photovoltaic Market is accounted for $XX billion in 2017 and expected to grow at a CAGR of XX% to reach $XX billion by 2024 during the forecast period 2018-2024. Major factors that are driving the market growth government initiatives & policies demand solar systems in residential and environmental concerns to generate hydropower, emerging adoption of technology due to consumer awareness towards the cost, and also the rising demand for renewable energy sources. However, lack of skilled labour, high installation cost, the raw material utilised in the solar cell manufacturing process, availability of sunlight as well as solar photovoltaic designs which are hampering the growth of the North America solar photovoltaic market.
North America Solar Photovoltaic Market Segments Share:
North America Solar Photovoltaic market is categorised into the material
North America Solar Photovoltaic Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
which consists of crystalline silicon which is future segmented into monocrystalline silicon and polycrystalline silicon; and thin film. Among all multi-crystalline or polycrystalline silicon is dominating the market owing to the cost-effectiveness and efficiency. By application, it is classified by residential, non-residential and utility. Among others, segments utility has the highest market due to the rise in installations, low cost and has various applications in utilities.
By Geography, U.S. is dominating the growth of the North America solar photovoltaic market and the growth in North America are mainly attributed by the government instalments of various solar, CSP, and photovoltaic projects. However, Mexico government has specified solar energy importance in the nation’s renewable energy mix and invested on Rooftop Subsidy program and Golden Sun Demonstration program to improve PV capacity hence pushing the growth of the solar photovoltaic market.
North America Solar Photovoltaic Market Segments Trends:
- In March 2018, SunPower had completed SunPower Oasis Power plant system for Oklahoma Gas & Electric to provide low-cost power to the clients.
- In March 2018, SunPower launched Helix storage, which combines energy storage along with software to control electricity cost, especially for commercial solar clients.
- In April 2017, Trina Solar Limited has introduced a high-efficiency bifacial module DUOMAX Twin which integrates with the technology of Trina Solar bifacial PERC cell and dual glass DUOMAX module.
- In June 2017, Sharp Corporation had an agreement with
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North America Solar Photovoltaic Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
Roof-Top Solar System to install 11mW solar devices that help in saving electricity in warehouses and stores.
In March 2016, Trina Solar launches a next-generation smart solar module “Trinaswitch” to have unified integration for safety.
North America Solar Photovoltaic Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- JinkoSolar Holding Co. Ltd
- Canadian Solar Inc.
- Sharp Corporation
- JA Solar Holdings Co. Ltd
- Suntech Power Co.
- SunPower Corporation
- Trina Solar Ltd
- ACCIONA Energy
Along with these companies, there were many other companies considered/cited in the report while analysing the North America Solar Photovoltaic market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
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