The US Residential Solar Power Market: Size, Trends & Forecasts (2019-2022 Edition)
The report provides a unique tool for evaluating the market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date Marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on Markets and materials, capacities and technologies, and on the changing structure of the Residential Solar Power.
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Top Leading Companies of The US Residential Solar Power Market are Tesla (SolarCity Corporation), Sunrun Inc., Vivint Solar, Inc., Sunpower Corporation and others.
The leading players of Residential Solar Power industry, their market share, product portfolio, company profiles are covered in this report. The leading market players are analyzed on the basis of production volume, gross margin, market value, and price structure. The competitive market scenario among Residential Solar Power players will help the industry aspirants in planning their strategies. The statistics offered in this report will be precise and useful guide to shape the business growth.
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Solar energy, which is renewable, widely available and clean, provides enough energy to meet the world’s annual consumption needs every 50 minutes. There are two major technologies that have been developed to harness the solar energy. Solar power is broadly classified into two: Thermal and Photovoltaic. Thermal power is further categorized into low-temperature solar thermal power and concentrated solar power.
Different types of solar panels serve different needs and purposes. Manufacturers generally use one of three processes to produce solar panels: Monocrystalline, Polycrystalline and Thin Film.
Solar power by end user could be divided into Residential and Commercial or Residential, Non Residential and Utility. There are three main types of residential solar electric power systems: grid inter-tied; grid inter-tied with battery backup; and off-grid. These three broad types vary in how closely connected they are to the traditional power utility infrastructure, known as the grid.
The US residential solar power market has increased at a significant CAGR during the years 2010-2017 and projections are made that the market would rise in the next four years i.e. 2018-2022 tremendously.
The residential solar power market is expected to increase due to declining cost of solar equipment, favourable Federal and state policy, depleting conventional sources, etc. Yet the market faces some challenges such climatic issues associated with solar panels, lack of awareness, etc.
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