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
Get a comprehensive report summary describing the market size and forecast along
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.
Get lifetime access to our Technavio Insights. Subscribe to our “Basic Plan” billed
annually at USD 5000.
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 …….