Saturday Dec 03, 2022

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

NEW YORK, July 25, 2022 /PRNewswire/ — The residential solar market in the US is concentrated. Vendors are deploying growth strategies such as developing new technologies to compete in the market. The market size is expected to grow by USD 5.99 bn from 2020 to 2025. In addition, the growth momentum of the market will accelerate at a CAGR of 10% during the forecast period, according to Technavio.

Technavio has announced its latest market research report titled Residential Solar Market in US by Technology – Forecast and Analysis 2021-2025

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with research methodology. View our Sample Report

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:

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.

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Residential Solar Market in US 2021-2025: Key Highlights

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