United States (US) Solar Photovoltaic (PV) Market Analysis by Size, Installed Capacity, Power Generation, Regulations, Key Players and Forecast to 2035
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US Solar PV Market Report Overview
The cumulative installed capacity for solar PV in the US was 141.41 GW in 2022. The US solar PV market will achieve a CAGR of more than 15% during 2022-2035. The US solar PV market research report discusses the renewable power market in the country in-depth and predicts future outcomes until 2035. The report also discusses the key insights about the major active and upcoming solar power plants in the US.
US Solar PV Market Outlook, 2022-2035 (MW)
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The US solar PV market report highlights installed capacity and power generation trends from 2010 to 2035 in the country’s solar PV market. The report also provides company snapshots of a few of the major market participants. Furthermore, the report sheds light on the products and services offered by the companies.
Cumulative Installed Capacity (2022) | 141.41GW |
CAGR (2022-2035) | >15% |
Historical Period | 2010-2022 |
Forecast Period | 2023-2035 |
Key Deal Type | · Asset Transactions
· Debt Offerings · Venture Financing · Private Equity · Acquisition · Partnerships · Equity Offerings · Mergers |
Key Active Plants | · Ferrero USA DeGiovanni Franklin Solar PV Plant
· Ferrero USA DeGiovanni Franklin Solar PV Plant 2 · Taygete Solar PV Park · IP Athos Solar PV Park · Hecate Energy Roseland Solar PV Park |
Key Companies | · WEC Energy Group Inc
· The AES Corp · Santee Cooper · PPL Corp · PNM Resources Inc · NRG Energy Inc |
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US Solar PV Market Segmentation by Deal Types
The top deal types in the US solar PV market are asset transactions, debt offerings, venture financing, private equity, acquisition, partnerships, equity offerings, and mergers. Most deals in the American solar PV sector were closed via asset transactions in 2022.
US Onshore Solar PV Market Analysis by Deal Types, 2023 (%)
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Major Active Plants in the US Solar PV Market
A few of the major active plants in the US solar PV market are Ferrero USA DeGiovanni Franklin Solar PV Plant, Ferrero USA DeGiovanni Franklin Solar PV Plant 2, Taygete Solar PV Park, IP Athos Solar PV Park, and Hecate Energy Roseland Solar PV Park among others. Developed by Dynamic Energy Solutions, the Ferrero USA DeGiovanni Franklin Solar PV Plant (Phase 1 & 2) have a power generation capacity of 1GW each.
US Solar PV Market Analysis by Active Plants, 2023 (%)
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US Solar PV Market - Competitive Landscape
The leading companies in the US solar PV market are WEC Energy Group Inc., The AES Corp, Santee Cooper, PPL Corp, PNM Resources Inc., and NRG Energy Inc.
WEC Energy Group Inc. (WEC): Headquartered in Milwaukee, the US, WEC is an energy holding company. It generates and distributes electricity and thermal energy and delivers natural gas. The company produces electric power using various sources like coal, natural gas, oil, hydro, solar, solar PV, and biomass. It serves residential, commercial, community, and government customers in Illinois, Wisconsin, Michigan, and Minnesota.
US Solar PV Market Analysis by Companies
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Segments Covered in the Report
US Solar PV Market Deal Type Outlook (Value, 2010-2035, MW)
- Asset Transactions
- Debt Offerings
- Venture Financing
- Private Equity
- Acquisition
- Partnerships
- Equity Offerings
- Mergers
Scope
The report includes:
- A brief introduction to global carbon emissions and global primary energy consumption.
- An overview of the country’s renewable power market, highlighting installed capacity trends, generation trends, and installed capacity split by various renewable power sources.
- Detailed overview of the country’s solar PV market with installed capacity and generation trends and major active and upcoming solar PV projects.
- Deal analysis of the country’s solar PV market.
- Key policies and regulatory framework supporting the development of solar PV sources.
- Snapshots of some of the major market participants in the country.
Reasons to Buy
- Enhance your decision-making capability in a more rapid and time-sensitive manner.
- Identify key growth and investment opportunities in the country’s solar PV market.
- Facilitate decision-making based on strong historical and forecast data for the solar PV market.
- Position yourself to gain the maximum advantage of the industry’s growth potential.
- Develop strategies based on the latest regulatory events.
- Identify key partners and business development avenues.
- Understand and respond to your competitors’ business structure, strategy, and prospects.
Table of Contents
Table
Figures
Frequently asked questions
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What was the US solar PV market cumulative installed capacity in 2022?
The cumulative installed capacity for solar PV in the US was 141.41 GW in 2022.
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What is the expected US solar PV market growth rate during the forecast period?
The US solar PV market is expected to achieve a CAGR of more than 15% during 2022-2035.
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Which was the leading deal type in the US solar PV market in 2022?
In 2022, most of the deals in the US solar PV market were closed via asset transactions.
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What are the major active plants in the US solar PV market?
Some of the major active plants in the US solar PV market are Ferrero USA DeGiovanni Franklin Solar PV Plant, Ferrero USA DeGiovanni Franklin Solar PV Plant 2, Taygete Solar PV Park, IP Athos Solar PV Park, and Hecate Energy Roseland Solar PV Park among others.
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What are the key companies in the US solar PV market?
The leading companies in the US solar PV market are WEC Energy Group Inc., The AES Corp, Santee Cooper, PPL Corp, PNM Resources Inc., and NRG Energy Inc. among others.
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