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Global Residential Solar Market Research Report 2024
Synopsis
Residential solar system is a small-scale power generation plant convert sunlight into electricity.
The global Residential Solar market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW. According to the data of the Ministry of Industry and Information Technology, the total output value of China's photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry. According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively. According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022. According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%. In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan's newly installed photovoltaic capacity was 3.232 GW.
This report aims to provide a comprehensive presentation of the global market for Residential Solar, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Residential Solar.
Report Scope
The Residential Solar market size, estimations, and forecasts are provided in terms of output/shipments (MW) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Residential Solar market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Residential Solar manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
NRG Energy
SolarCity
Sungevity
Sunrun
Verengo
Vivint Solar
First Solar
Borg Energy
Jinko Solar
ReneSola
Segment by Type
Grid-Tied Solar System
Off Grid Solar System
Segment by Application
Lighting
Appliance
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Mexico
Europe
Germany
France
UK
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Residential Solar manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Residential Solar by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Residential Solar in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Residential solar system is a small-scale power generation plant convert sunlight into electricity.
The global Residential Solar market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW. According to the data of the Ministry of Industry and Information Technology, the total output value of China's photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry. According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively. According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022. According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%. In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan's newly installed photovoltaic capacity was 3.232 GW.
This report aims to provide a comprehensive presentation of the global market for Residential Solar, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Residential Solar.
Report Scope
The Residential Solar market size, estimations, and forecasts are provided in terms of output/shipments (MW) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Residential Solar market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Residential Solar manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
NRG Energy
SolarCity
Sungevity
Sunrun
Verengo
Vivint Solar
First Solar
Borg Energy
Jinko Solar
ReneSola
Segment by Type
Grid-Tied Solar System
Off Grid Solar System
Segment by Application
Lighting
Appliance
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Mexico
Europe
Germany
France
UK
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Residential Solar manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Residential Solar by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Residential Solar in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Residential Solar Market Overview
1.1 Product Definition
1.2 Residential Solar Segment by Type
1.2.1 Global Residential Solar Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Grid-Tied Solar System
1.2.3 Off Grid Solar System
1.3 Residential Solar Segment by Application
1.3.1 Global Residential Solar Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Lighting
1.3.3 Appliance
1.4 Global Market Growth Prospects
1.4.1 Global Residential Solar Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Residential Solar Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Residential Solar Production Estimates and Forecasts (2019-2030)
1.4.4 Global Residential Solar Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Residential Solar Production Market Share by Manufacturers (2019-2024)
2.2 Global Residential Solar Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Residential Solar, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Residential Solar Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Residential Solar Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Residential Solar, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Residential Solar, Product Offered and Application
2.8 Global Key Manufacturers of Residential Solar, Date of Enter into This Industry
2.9 Residential Solar Market Competitive Situation and Trends
2.9.1 Residential Solar Market Concentration Rate
2.9.2 Global 5 and 10 Largest Residential Solar Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Residential Solar Production by Region
3.1 Global Residential Solar Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Residential Solar Production Value by Region (2019-2030)
3.2.1 Global Residential Solar Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Residential Solar by Region (2025-2030)
3.3 Global Residential Solar Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Residential Solar Production by Region (2019-2030)
3.4.1 Global Residential Solar Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Residential Solar by Region (2025-2030)
3.5 Global Residential Solar Market Price Analysis by Region (2019-2024)
3.6 Global Residential Solar Production and Value, Year-over-Year Growth
3.6.1 North America Residential Solar Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Residential Solar Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Residential Solar Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Residential Solar Production Value Estimates and Forecasts (2019-2030)
4 Residential Solar Consumption by Region
4.1 Global Residential Solar Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Residential Solar Consumption by Region (2019-2030)
4.2.1 Global Residential Solar Consumption by Region (2019-2024)
4.2.2 Global Residential Solar Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Residential Solar Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Residential Solar Consumption by Country (2019-2030)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe Residential Solar Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Residential Solar Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 UK
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Residential Solar Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Residential Solar Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Residential Solar Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Residential Solar Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Residential Solar Production by Type (2019-2030)
5.1.1 Global Residential Solar Production by Type (2019-2024)
5.1.2 Global Residential Solar Production by Type (2025-2030)
5.1.3 Global Residential Solar Production Market Share by Type (2019-2030)
5.2 Global Residential Solar Production Value by Type (2019-2030)
5.2.1 Global Residential Solar Production Value by Type (2019-2024)
5.2.2 Global Residential Solar Production Value by Type (2025-2030)
5.2.3 Global Residential Solar Production Value Market Share by Type (2019-2030)
5.3 Global Residential Solar Price by Type (2019-2030)
6 Segment by Application
6.1 Global Residential Solar Production by Application (2019-2030)
6.1.1 Global Residential Solar Production by Application (2019-2024)
6.1.2 Global Residential Solar Production by Application (2025-2030)
6.1.3 Global Residential Solar Production Market Share by Application (2019-2030)
6.2 Global Residential Solar Production Value by Application (2019-2030)
6.2.1 Global Residential Solar Production Value by Application (2019-2024)
6.2.2 Global Residential Solar Production Value by Application (2025-2030)
6.2.3 Global Residential Solar Production Value Market Share by Application (2019-2030)
6.3 Global Residential Solar Price by Application (2019-2030)
7 Key Companies Profiled
7.1 NRG Energy
7.1.1 NRG Energy Residential Solar Corporation Information
7.1.2 NRG Energy Residential Solar Product Portfolio
7.1.3 NRG Energy Residential Solar Production, Value, Price and Gross Margin (2019-2024)
7.1.4 NRG Energy Main Business and Markets Served
7.1.5 NRG Energy Recent Developments/Updates
7.2 SolarCity
7.2.1 SolarCity Residential Solar Corporation Information
7.2.2 SolarCity Residential Solar Product Portfolio
7.2.3 SolarCity Residential Solar Production, Value, Price and Gross Margin (2019-2024)
7.2.4 SolarCity Main Business and Markets Served
7.2.5 SolarCity Recent Developments/Updates
7.3 Sungevity
7.3.1 Sungevity Residential Solar Corporation Information
7.3.2 Sungevity Residential Solar Product Portfolio
7.3.3 Sungevity Residential Solar Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Sungevity Main Business and Markets Served
7.3.5 Sungevity Recent Developments/Updates
7.4 Sunrun
7.4.1 Sunrun Residential Solar Corporation Information
7.4.2 Sunrun Residential Solar Product Portfolio
7.4.3 Sunrun Residential Solar Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Sunrun Main Business and Markets Served
7.4.5 Sunrun Recent Developments/Updates
7.5 Verengo
7.5.1 Verengo Residential Solar Corporation Information
7.5.2 Verengo Residential Solar Product Portfolio
7.5.3 Verengo Residential Solar Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Verengo Main Business and Markets Served
7.5.5 Verengo Recent Developments/Updates
7.6 Vivint Solar
7.6.1 Vivint Solar Residential Solar Corporation Information
7.6.2 Vivint Solar Residential Solar Product Portfolio
7.6.3 Vivint Solar Residential Solar Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Vivint Solar Main Business and Markets Served
7.6.5 Vivint Solar Recent Developments/Updates
7.7 First Solar
7.7.1 First Solar Residential Solar Corporation Information
7.7.2 First Solar Residential Solar Product Portfolio
7.7.3 First Solar Residential Solar Production, Value, Price and Gross Margin (2019-2024)
7.7.4 First Solar Main Business and Markets Served
7.7.5 First Solar Recent Developments/Updates
7.8 Borg Energy
7.8.1 Borg Energy Residential Solar Corporation Information
7.8.2 Borg Energy Residential Solar Product Portfolio
7.8.3 Borg Energy Residential Solar Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Borg Energy Main Business and Markets Served
7.7.5 Borg Energy Recent Developments/Updates
7.9 Jinko Solar
7.9.1 Jinko Solar Residential Solar Corporation Information
7.9.2 Jinko Solar Residential Solar Product Portfolio
7.9.3 Jinko Solar Residential Solar Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Jinko Solar Main Business and Markets Served
7.9.5 Jinko Solar Recent Developments/Updates
7.10 ReneSola
7.10.1 ReneSola Residential Solar Corporation Information
7.10.2 ReneSola Residential Solar Product Portfolio
7.10.3 ReneSola Residential Solar Production, Value, Price and Gross Margin (2019-2024)
7.10.4 ReneSola Main Business and Markets Served
7.10.5 ReneSola Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Residential Solar Industry Chain Analysis
8.2 Residential Solar Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Residential Solar Production Mode & Process
8.4 Residential Solar Sales and Marketing
8.4.1 Residential Solar Sales Channels
8.4.2 Residential Solar Distributors
8.5 Residential Solar Customers
9 Residential Solar Market Dynamics
9.1 Residential Solar Industry Trends
9.2 Residential Solar Market Drivers
9.3 Residential Solar Market Challenges
9.4 Residential Solar Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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