Friday Dec 09, 2022

Residential Solar Market Size in US to Grow by USD 5.99 billion, Hanwha Group and LG Electronics Inc. Among Key Vendors – Technavio – PR Newswire

Residential Solar Market in US 2021-2025: Scope

The residential solar market in US report covers the following areas:

Residential Solar Market in US 2021-2025 : Segmentation

Residential Solar Market in the US is segmented as below:

  • Technology
    • Crystalline Silicon: This segment will contribute the highest market share growth during the forecast period. Crystalline silicon PV systems are widely used in the US. 
    • Thin-film

Learn about the contribution of each segment summarized in concise infographics
and thorough descriptions. View a Sample Report

Residential Solar Market in US 2021-2025: Vendor Analysis

The residential solar market in the US is highly diverse and has many international and domestic vendors. The vendors in the market are characterized by high capital investments. The vendors in the market include producers of solar PV modules, solar inverters, solar batteries, and other BOS (Balance of System). There is intense competition among vendors to increase their market shares. 

Technavio provides a detailed analysis of around 25 vendors operating in the residential solar market in US, including Hanwha Group, LG Electronics Inc., Panasonic Corp., Sungevity Inc., Sunnova Energy International Inc., SunPower Corp., Sunrun Inc., Tesla Inc., Trina Solar Co. Ltd., and Trinity Heating & Air Inc. among others. The key offerings of some of these vendors are listed below:

  • Hanwha Group – The company offers solar panels for commercial and residential comprehensive energy solutions.
  • LG Electronics Inc. – The company offers solar panels for homes. It offers products like NeON R Series Solar Panels and other products for commercial and residential applications.
  • Panasonic Corp. – The company offers solar modules like EverVolt Black Series solar modules, N330E HIT Black Series AC module, and other products for residential usage.
  • Sungevity Inc. – The company provides solar panels, appliances, inverters, and other associated products and services for residential usage.
  • Sunnova Energy International Inc. – The company offers a variety of solar energy solutions for residential usage.

Get lifetime access to our Technavio Insights. Subscribe to our “Basic Plan” billed
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Residential Solar Market in US 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist residential solar market growth in the US during the next five years
  • Estimation of the residential solar market size in the US and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the residential solar market in the US
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of residential solar market vendors in the US

Related Reports:

Solar PV Market in APAC by End-user and Geography – Forecast and Analysis 2022-2026

Solar Central Inverters Market by Application and Geography – Forecast and Analysis 2022-2026

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Source: https://www.prnewswire.com/news-releases/residential-solar-market-size-in-us-to-grow-by-usd-5-99-billion-hanwha-group-and-lg-electronics-inc-among-key-vendors—technavio-301591659.html

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Residential Solar Market In US Scope